AI Shock Spares Bitcoin, Wall Street Moves On-Chain, and Leveraged Crypto ETFs Explained
On CoinDesk's Public Keys from the NYSE, experts discuss the market fallout from Moonshot AI's Kimi K3, noting Bitcoin was spared from the AI shock. The Fed is now actively debating rate hikes ahead of the August 7 CLARITY Act deadline. DTCC's Nadine Chakar explains the firm's move of tokenized securities into live production and its role as an institutional multi-chain orchestrator. Bitcoin ETFs saw $76 million in net inflows last week despite a $425 million Monday outflow, while Ethereum ETFs outpaced Bitcoin with $135 million into BlackRock's ETHA. Direxion's Bilal Little debuts BTCU and EVMU, the first 2x leveraged spot Bitcoin and Ether ETFs, arguing the ETF wrapper is safer than margin trading on crypto exchanges. The episode closes with the Fear and Greed Index at 29, indicating fear in the market.
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