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We beat the corrupt crypto bill, the Clarity Act. Something big is happening right now with crypto. Few months ago, the odds of it passing were 75%. Now it's dead. In fact, we beat it so bad they didn't even bring it up for a vote. Number five, an update on the Clarity Act. The Senate keeps Clarity Act alive with Cryptoville vote set for September. I want to be clear, the fight against crypto is far from over. The Clarity Act could still come back. Could still come back. So, this is an update for the big crypto bill going through the Senate right now with a move happening early Saturday. Senate Majority Leader John Thun filed the motion to proceed on the bill opening the multi-step clochure process
the chamber uses to push contested legislation past its 60 vote threshold. So, this is progress. The filing came too late to squeeze in a vote before the senators left for their August recess, but this closure, but this cues up an initial procedural vote almost immediately after they return with the first test set for the first test set for 2:15 p.m. on Tuesday, September 15th. It's just time to get people on the record. So this basically forces the vote. The cloer filing on the motion to proceed the this bill is a procedural first step although not passage but it signals that Republican leadership intends to make the bill an early
priority when the Senate reconvenes. It was passed more than a year ago with almost 100 Democrats and yet it still languishes over in the Senate. They can't seem to get it moved. So September 15th is the new day to watch. This is literally the second day Senate returns from recess. And then we'll have 1 2 3 4 5 6 7 8 9 10 11 12 working days remaining to get an answer. Number four big thing happening in crypto. As we mentioned in a video from the other day, the first business cycle bull flip in six years. Each has started a parabolic crypto move. So the business cycle has been in contraction or been under 50 for years and years.
Last time I was above we saw the bull run of 2021, the bull run of 2017, the bull run of 20134, etc. Again, you subscribe to altcoin daily for perspective. We can double check these numbers. We see the business cycle under 50 for years and years. At the beginning of 2026, uh we flipped into growth territory and understand the altcoins benefiting in tandem. The news today is this reminder that SUI just implemented buybacks with the revenue generated from stable coins. Eg rather than that money going into the pockets of those stable coins companies tether circle etc. It goes towards buying back. The P2P stable coin transactions are natively free, making the incentive to use them even higher,
meaning they're not only the cheapest to use, but any fees do go back to buying the native coin. And that means more usage equals more demand equals more capital deposited back into the stable coins equals more revenue generated from that capital equals more buybacks. the bullish flywheel and the exact numbers. SWU Foundation buybacks continue to increase reaching their second largest day with 9K SUI bought back. Yep. As of August 6th, 9K of SUI bought back that day. If SUI gets used more, what happens when that's 20K per day? What happens if that's I mean stable coins are only getting bigger. Stable coin trend is undeniable. I like that sui in this bare market is changing up their tokconomics
and making a bullish incentive where value can acrue back to the token holders or back to the token. Let's watch this and big growth milestone for decentralized AI from Jason with the all-in podcast. The innovation inside the BitTensor network is worth watching. So the update today is this. Recently, five more enterprise platforms worth over 22 billion plus dollars combined have been testing Red Team's technology. This is improving internet security through Bit Tensor. They reached 900 million plus accounts and handle 1 billion plus weekly transactions. Red team is set to unveil a new immune system built to anticipate cyber threats. Here's how Bit Tensor powers
it. So this is a product we clearly need. I mean there's so much security is going to be uh taken down or needed to be upgraded because of AI. AI can just find the vulnerabilities immediately. And we see a potential solution built being built on one of the subnets of Bit Tensor with real enterprise value behind it. Meaning real enterprise value companies getting into crypto not because of crypto because they like the technology. Here's why I'm bullish on decentralized AI and Bit Tensor specifically on my recent conversation on Milk Road. Obviously, crypto will eb and flow, but AI will be relevant for the next 5 years in the traditional world, the next 10 years in the traditional world because we're competing with China. It's a national um
it's a defense it's a national defense security issue. Us competing for AI dominance. The United States is incentivized even in a 10% dip, even in a 20% recession, they're incentivized to stimulate that because we're competing against China here. So decentralized AI, even it takes 1% of that, 5% uh will play a part. The protocols that I like and having said that my strategy John in general is bet on the blue chips and then just ride the mega trend wave. So I think the blue chips in AI are Near Protocol, Bit Tensor Tao as well as Eric Vorhees's VVV token, Venice token. I'm personally a believer in Bit Tensor Tao.
The reason is they're there a couple reasons. They're tokconomics. Uh the way they form consensus, uh there's only there will only ever be 21 million TOAO. And while Bitcoin finds stranded energy all around the world and monetize it, Bit Tensor does the same thing for talent. The other things I like about Bit Tensor is you're betting on the infrastructure. So, you know, 90% of robotics companies and AI companies will fail. The interesting thing is a lot of the decentralized ones are building on Bit Tensor on their subnets. So, that will turn out in the process if just one or two hit. The bad ones will get taken out of the system. New better ones will hop in. And the other third thing is the
thing that I'm beginning to hate, John, about altcoins, not hate, but just be a little disgusted. Why all the preede valuations where insiders got in first, it finally releases the public and average retail gets nothing. Price only goes down, it seems, for all these altcoins uh after they launch for years and years. That's because insiders are selling. They had seed rounds, they had early rounds. Bit tensor had a fair launch. Also very bullish for Ethereum. Institutions keep buying ETH. Let's look at the numbers. US spot Bitcoin ETFs just recorded $244.9 million in weekly net inflows, their fifth consecutive positive week.
Cumulative net inflows have now reached 11.46 billion of ETH buying purchasing and ETFs are only one part of the institutional buildout. So clearly they're buying through the ETFs. I mean the numbers speak for themselves. But what else? Well, what else is BlackRock is tokenizing funds on Ethereum. JP Morgan has launched tokenized funds on Ethereum. Ethereum leads tokenized ETFs with 52.5% market share. Solana would be second in that. And then Ethereum hosts roughly four $148 billion in stable coins, meaning they're winning on stable coins. They're winning on tokenization in terms of market share, and they're winning on the major players choosing their network. The market is watching
the price, but Wall Street is building on ETH. Maybe you could get lucky and get a lower entry. But historically, given the building and the adoption and the fundamentals that are clearly happening around that 200E moving average, 200E moving average has always been a generational buy the dip opportunity if you're willing to hold for at least four years. I will keep you updated like always. See you tomorrow.
