Clarity Act Nearing Passage, New Variable Emerges in 'Ethics Amendment'?

Summary

The hosts and Digital Asset Editor-in-Chief Park Sang-hyuk review the weekend's crypto news. Topics include stagnant US Bitcoin ETF flows, Trump Media's BTC transfer and a new paid API service, Strategy's increased BTC sale limit to support its stock price, a ColdCard wallet hack that triggered selling, the nearing Clarity Act, and the risk of a yen carry trade unwind that could crash Bitcoin and AI stocks.

• US spot Bitcoin ETF flows remain flat, showing subdued investor sentiment and keeping BTC range-bound.
• Trump Media moved Bitcoin to Crypto.com, later denying it was a sale; speculation points to ETF-related custodian activity.
• Trump Media launched a paid Truth API for near-real-time access to Trump's social posts, raising fears of more market-moving tweets.
• Strategy raised its Bitcoin sale authorization to $5 billion to fund stock buybacks, aiming to recover STRK above $100, likely pressuring BTC.
• A vulnerability in certain ColdCard hardware wallets led to ongoing hacks and potential selling of stolen Bitcoin, adding bearish pressure.
• The Clarity Act is close to passage with banks supportive if stablecoin rules are included, seen as positive for digital assets.
• US-Japan intervention to strengthen the yen brings back the risk of a yen carry trade unwind, which could trigger sharp drops in Bitcoin and AI stocks similar to August 2024.