If Not Handled This Week, It's a Walking Dead Warning... What is Clarity's Fate? | Seo Dong-ju, Kim Dong-hwan, Kim Je-i, Blockmedia Editor-in-Chief [Crypto PLUS]

Summary

The hosts and Blockmedia Editor-in-Chief Kim Je-i discuss the US crypto regulation bill (Clarity) facing likely failure, with some calling it a 'Walking Dead' bill. They review macro headwinds such as Fed rate hike signals and oil prices, but note Bitcoin's resilience and ETF inflows. Circle's Q2 earnings, USDC growth projections, and the announcement of the Ark mainnet launch in September with major partners like BlackRock and Visa are also highlighted, causing a temporary spike in Circle's perpetual futures price.

• Clarity crypto bill appears unlikely to pass before August recess, described as 'Walking Dead' by Bitwise CIO.
• Federal Reserve officials continue to signal further rate hikes, citing stubborn inflation.
• Bitcoin holds support above $63,000 with two consecutive days of spot ETF inflows despite regulatory and macro concerns.
• Gold and silver surged 3-4%, potentially reflecting market bets on future dollar weakness.
• Circle reported Q2 revenue below estimates but EPS beat, and guided for 40% annual USDC circulation growth.
• Circle announced Ark mainnet launch on September 16 with validators including BlackRock, Visa, and Mastercard.
• Circle perpetual futures spiked nearly 10% on the Ark news before settling flat.
• The hosts suggest Clarity bill failure may already be priced into Bitcoin.