加密市场暴涨：QE预期、白宫表态与SEC新规共振

We just had one of the most legendary days in the crypto markets in a long, long time. Bitcoin has probably the biggest green candle I think I've ever seen since before 1010. Everything in crypto is up and up for a handful of different reasons. It's a double-digit week for so many crypto assets. The big question I think I want to ask in this episode is, is the bull market back? Was that it? Was that the starting pistol for the next bull market today?

This day, yesterday at the time of recording, Wednesday, August 19th, do you remember when uh Black Rockck filed for the Bitcoin ETF and [snorts] Bitcoin popped like 12% and it was just like a moment that everyone was like, "This is it."

Yeah, that seems like such a long time ago.

This that is it feels a little reminiscent of that of just like this is it. It's a this is it moment. I think not completely, but it feels a little bit like that.

Well, I think that is the question to ask is like, did that move just break the backs of all the bears that were still out there and then had such momentum? But first, in order to answer that question, I think we have to ask the question and answer the question like why did this even happen on Wednesday? It just seemed like out of the blue, but we did have some

out of the blue field.

Out of left field, but QE Treasury QE may be back this time. Okay, we'll define what that is and what Bessant said, what the Treasury is doing. That was a key catalyst these markets. Also, the White House, Trump gave a speech basically pumping crypto and also

all day pumping crypto.

Yeah. And also, the SEC released a uh regulation of crypto assets. Here's actually how Matt Hogan put it, which I think was great. In the last 24 hours, he's talking about earlier this week, the SEC released regulation crypto assets. This is a 402page document that we'll get into. The Treasury launched yield curve control. The White House prepared for a meeting with top crypto executives to discuss tokenization and the Clarity Act.

It's hard not to be extremely bullish, both Bitcoin and crypto right now. And indeed, the market was bullish. We got Bitcoin up double digits. I think ETH was up like was it up like 20% on the week or something crazy. Dude, the president said hyperlid on air on live TV. Uh, you know, Bitcoin goes up because of QE. All this stuff happened. You know, Venice crosses a hundred million in ARR, and the winner on the week is ETH.

Actually, ETH is up like the most. Uh, so we're going to talk about all that and more. But first, we're going to talk about Ironclaw from our friends and sponsors over at Near. Ironclaw 1.2 just dropped. Uh, we probably all remember OpenClaw, like personal agents to do your bidding. Except OpenClaw was super insecure, leaking passwords, deleting documents, revealing a API keys. So, it's a mess. Ironclaw is Near's fix for rogue AI that's misaligned with his users.

Protects your secrets in a vault that the model never sees. All in pursuit of creating userowned AI, userowned agents that are safe to use with crypto. So, 1.2 2 just dropped that lets your ironclaw plug into all your day-to-day apps like Slack and Telegram just to give it the context that it needs to be a really useful assistant. It is also MCP ready, so you can now connect your Ironclaw to any MCP tool, which is perfect, Ryan, cuz out of the bankless universe, we have the Bankless MCP.

Do you know how much you know how many podcasts we've done, Ryan?

Um, we got to be I know we're over a thousand. Are we over like 1,100? Over 2,000 podcasts.

Wait, we're over 2,000 podcasts. You've been busy. [laughter]

We've been doing this for 6 years.

Oh my god. So, that's a lot of transcripts, right? That's a lot.

Lots of transcripts direct from the source data that like AI labs don't have. And AI labs famously just haven't trained well on crypto data. I don't know if you go into if you notice going into your like your Claude or your Venice or your OpenAI whatever you use and you ask crypto questions usually it's it's pretty constrained with how good it can answer. It can answer the basics but you ask anything anything beyond the basics and you get pretty poor answers.

Yeah,

this is what the bankless MCP is for. Uh, and so you can using your Bankless Premium account, you can hook in the Bankless MCP to your near ironclaw agent and you just have the most cryptocapable, crypto ready AI LLM ever. Uh, and so this is available for bankless premium subscribers uh, and if you want that uh, you can go into your account uh, and you can just tell your agent to install it and then all of a sudden your cryptoreated prompts will be much better.

Dude, that's very cool. I I want that. But I can't wait to ask myself some questions using the Bankless MCP. [clears throat]

Dude, I I put out I put out this tweet about like announcing the Bankless MCP and then you know what I got?

Somebody generated like a fanfiction of you and me debating about E. [laughter]

Who won the debate?

I don't know. It was a Socratic debate. Okay. Or or in you or answer crypto questions if you want or just make bankless fanfiction. Both work.

You know what? We might repeat that debate in today's episode, okay? cuz I want to get your thoughts on ETH. But before we do, uh, you got prices up. Let's just celebrate what happened last week. We have bounced

gargantuan candle.

Oh my god. We have bounced hardily off of the 200E moving average for Bitcoin, which was something like 63 64K if I'm recalling correctly, the 200WE moving average. What are we at the time of recording right now?

Yeah, last week we were recording, Bitcoin was right at the 200WE moving average, $64,000. We were at 72,300. We paused right around 7,000 and we have just had continuation as of this morning. So we had a huge bullish day yesterday and we are continuing that bullish day today. Uh and so firmly away. We are we are how much is that? We are up

that's double digits right we are

we are up 14% in a day and a half. Yeah. Uh really really really great. Really really great.

Incredible.

Some just absolute winners on the week. Etherfi. Etherfi announced uh kind of like an evolution you know. Etherfi the neo bank. I'm calling it a NEO brokerage. They're adding in assets and margin into their account and also they improved their tokconomics. And so Ether pumped 38%. Uh pumpf fun is up 28% because usage and revenue

on the week%. It's been up 50% on the month. So huge continuation from Pump Fund just because revenues are growing and therefore pump buybacks are growing. Hyperlid is up 25%. We're we're going to get into this cuz Donald Trump said hype hyperlquid on national TV or just the white house the white house event. So hyperlquid is up. Venice VVV is up 20% on the backs of open router getting acquired and also Venice crossing 100 million ARR.

And so I think people are reacting to yesterday the Treasury announcing they're doing QE which we're going to talk about and then also Donald Trump just having a day of pumping crypto. I was like, "Wow, this is one single bullish day." No, no. There have been bullish catalysts for the last like eight days. Etherfly had its own bullish catalyst. Venice had its own bullish catalyst. And all of this kind of happened. And I think one of the reasons why it was so violent yesterday was the combo of the QE announcement and then the White House just blew out people's shorts, which is why the one of the biggest winners on the week is ETH.

ETH is the biggest winner on the week cuz so many people got wrecked. shorting [laughter] ETH.

All the haters got wrecked. What is it?

They got So I saw an account like lost $30 million cuz they had like a a huge ETH short open day. That's why that's why ETH just pumped so violently. So Bitcoin is up 13% on the week.

Ether is up 23% on the week. $2,330.

Incredible. Jamie Coot said this. ETH's move yesterday, just to put this in his