WEBVTT
1
00:00:00.170 --> 00:00:05.000
It's Wednesday, October 14th. I'm Alex, your AI avatar here
2
00:00:05.040 --> 00:00:09.359
at Token Metrics. Interactive brokers just put Ethereum staking in
3
00:00:09.419 --> 00:00:12.539
front of everyday brokerage clients, and that's the story of
4
00:00:12.560 --> 00:00:16.570
the day. Crypto yield is moving into accounts people already trust.
5
00:00:16.829 --> 00:00:19.429
By the end of this, you'll know why Bitcoin's stuck
6
00:00:19.469 --> 00:00:23.109
in a tight range, what the inflation report decides, and
7
00:00:23.170 --> 00:00:27.739
where the real risk sits. Interactive brokers now lets clients
8
00:00:27.839 --> 00:00:31.960
earn yield on Ethereum. A mainstream stockbroker is selling staking
9
00:00:32.039 --> 00:00:35.820
right next to stocks and bonds. Bitcoin, meanwhile, is stuck
10
00:00:35.840 --> 00:00:40.280
in a tight range, waiting on inflation data. Bitcoin's flat
11
00:00:40.399 --> 00:00:44.240
at about $ 83, 000. And that tells you most of what
12
00:00:44.259 --> 00:00:46.869
you need to know. Nobody wants to move before the
13
00:00:46.909 --> 00:00:53.170
inflation report. Ethereum is near $ 2, 500. Also basically flat. Solana
14
00:00:53.250 --> 00:00:58.640
is around $ 107, up about 1%. Total market value slipped
15
00:00:58.679 --> 00:01:03.869
about 3% to roughly $ 2. 8 trillion, and Bitcoin dominance rose
16
00:01:03.909 --> 00:01:07.870
to about 60%. That gap is the story. Money is
17
00:01:07.909 --> 00:01:11.609
sitting in Bitcoin and leaving the rest. DeFi deposits are
18
00:01:11.650 --> 00:01:16.310
about $ 91 billion, up a couple percent. Stablecoin supply is
19
00:01:16.349 --> 00:01:20.739
around $ 310 billion, basically unchanged. And the fear and greed
20
00:01:20.780 --> 00:01:24.159
index reads 62, which is greed. This is still a
21
00:01:24.159 --> 00:01:29.069
bear market. with Bitcoin about 27% below its high. Privacy
22
00:01:29.150 --> 00:01:32.510
coins is the strongest narrative today. It is up about
23
00:01:32.510 --> 00:01:36.750
4% over 24 hours. Zcash is the top coin in
24
00:01:36.790 --> 00:01:40.129
that sector. It is up a few percent over 24 hours.
25
00:01:40.629 --> 00:01:45.439
The strength is concentrated, not broad. Oil is up about
26
00:01:45.439 --> 00:01:48.819
6% this week, and that's a macro signal, not a
27
00:01:48.859 --> 00:01:54.140
crypto one. Higher oil feeds inflation expectations, and inflation expectations
28
00:01:54.549 --> 00:01:58.010
feed rate expectations. That's why crypto has been feeling the
29
00:01:58.049 --> 00:02:01.450
squeeze even with Bitcoin flat. The levels that would flip
30
00:02:01.489 --> 00:02:04.109
this read are in the monthly playbook. This is the
31
00:02:04.170 --> 00:02:07.549
tip of the iceberg. The full macro regime read is
32
00:02:07.590 --> 00:02:13.389
in the monthly playbook. 14 days free at tokenmetrics.com. Here
33
00:02:13.509 --> 00:02:17.550
is what prediction markets are pricing in. First, Will S
34
00:02:17.710 --> 00:02:22.569
and P500 hit $ 780 a week of October 12th? Traders
35
00:02:22.629 --> 00:02:26.840
put the odds at about 90%. Money puts 90% odds
36
00:02:26.900 --> 00:02:31.800
on stocks holding highs. Crypto waits on that same risk mood. Next,
37
00:02:32.159 --> 00:02:34.240
will Bitcoin reach $ 86, 000 October 12th to 18th? Traders put
38
00:02:34.300 --> 00:02:41.460
the odds at about 36%. Money puts 36% odds on $ 86, 000.
39
00:02:43.810 --> 00:02:47.110
Down 6% on the day. Traders doubt a breakout before
40
00:02:47.129 --> 00:02:52.150
the inflation news. Finally, will Ethereum dip to $ 2, 400 October
41
00:02:52.210 --> 00:02:56.659
12th to 18th? Traders put the odds at about 34%.
42
00:02:56.659 --> 00:03:01.620
Money puts 34% odds on a dip to $ 2, 400. Down
43
00:03:01.620 --> 00:03:04.680
11% on the day. Fear of a flush faded a bit.
44
00:03:06.039 --> 00:03:10.650
Interactive brokers just put Ethereum staking inside a regular brokerage account.
45
00:03:11.110 --> 00:03:13.810
And that change is bigger than it looks. It did
46
00:03:13.849 --> 00:03:17.020
that through a firm called Zerohash. If you've only ever
47
00:03:17.060 --> 00:03:20.360
bought crypto on a separate exchange, this is a new door.
48
00:03:20.879 --> 00:03:23.939
The number of steps between a normal investor and staking
49
00:03:24.159 --> 00:03:28.560
just dropped. That doesn't create demand by itself. Fewer steps
50
00:03:28.620 --> 00:03:31.900
means more people try it. The next account update will
51
00:03:31.960 --> 00:03:34.860
show if this is real. If client balances in the
52
00:03:34.900 --> 00:03:38.689
staking product grow, that points to more regular investors using it.
53
00:03:38.960 --> 00:03:42.020
If they sit flat, this was a checkbox, not a business.
54
00:03:42.620 --> 00:03:46.620
Coinbase says Bitcoin needs flexible designs for a post-quantum move.
55
00:03:46.979 --> 00:03:49.280
Think of it as fire drills for the vault. It
56
00:03:49.340 --> 00:03:52.780
holds roughly 5% of all Bitcoin. Any change to how
57
00:03:52.840 --> 00:03:57.189
transactions get signed hits the big firms that store Bitcoin first.
58
00:03:57.729 --> 00:04:00.930
The network can't just flip a switch. The largest holders
59
00:04:00.990 --> 00:04:03.569
need a path they can test without breaking how the
60
00:04:03.610 --> 00:04:07.030
coins are held. No code change yet, just a wishlist.
61
00:04:07.469 --> 00:04:10.860
For Coinbase, the next clue is in the open discussions.
62
00:04:11.389 --> 00:04:15.289
If developers back one design, that shows custodians which path
63
00:04:15.310 --> 00:04:20.209
they can try first. Evernorth hired Ripple, Kraken, Coinbase, and
64
00:04:20.290 --> 00:04:24.939
BitGo to put its $ 648 million XRP stash to work.
65
00:04:25.480 --> 00:04:28.079
This is a treasury trying to earn rent instead of
66
00:04:28.120 --> 00:04:31.680
sitting empty. Using several big firms for trading and safekeeping
67
00:04:32.019 --> 00:04:34.759
cuts the risk of one of them failing. Yield needs
68
00:04:34.800 --> 00:04:38.259
a buyer on the other side. XRP slipped with most
69
00:04:38.319 --> 00:04:41.839
smaller coins today, so that demand isn't obviously there yet.
70
00:04:42.459 --> 00:04:46.319
If Evernorth says where the XRP is actually deployed, it
71
00:04:46.339 --> 00:04:51.279
will show whether returns come from lending, liquidity, or staking-style programs.
72
00:04:51.759 --> 00:04:55.829
Ripple and Privy, which Stripe owns, are bringing embedded wallets
73
00:04:55.870 --> 00:04:59.110
to the XRP ledger. The pitch is crypto with the
74
00:04:59.189 --> 00:05:02.850
hard parts hidden, with wallets built right into apps. Apps
75
00:05:02.889 --> 00:05:06.209
can spin up wallets for stablecoin payments, and AI agents
76
00:05:06.250 --> 00:05:09.470
that spend on their own. That only works if fees
77
00:05:09.629 --> 00:05:13.810
and transaction rules stay simple for builders. Privy still has
78
00:05:13.850 --> 00:05:16.910
those on its roadmap. The launch is the easy part.
79
00:05:17.500 --> 00:05:20.879
If fintech apps actually ship with these wallets, that's real
80
00:05:20.920 --> 00:05:24.019
payment use. If it stays a press release, it isn't.
81
00:05:24.560 --> 00:05:29.040
Bitcoin is holding near $ 83, 000 ahead of the U.S. inflation report.
82
00:05:29.500 --> 00:05:32.040
The whole market is in that one line. It's stuck
83
00:05:32.079 --> 00:05:36.019
around that level while traders wait. Smaller coins are lagging.
84
00:05:36.439 --> 00:05:39.860
Privacy coins rose about 4% on the week, which looks
85
00:05:39.879 --> 00:05:43.180
like defense, not risk-taking. The inflation reading is the next
86
00:05:43.240 --> 00:05:46.180
big test for Bitcoin. If it comes in cool and
87
00:05:46.220 --> 00:05:50.189
Bitcoin breaks above 84,000 on volume, that supports a relief
88
00:05:50.250 --> 00:05:53.370
rally in smaller coins. If it comes in hot, the
89
00:05:53.410 --> 00:05:58.529
relief case is off. First, a greed reading of 62
90
00:05:58.529 --> 00:06:01.329
is too hot for a market this thin. The trend
91
00:06:01.370 --> 00:06:05.810
is still weak, And Bitcoin sits about 27% below its high.
92
00:06:06.129 --> 00:06:09.329
That mix is where dips get bought, until they stop
93
00:06:09.370 --> 00:06:13.529
getting bought. Second, Bitcoin's slice of the market grew while
94
00:06:13.550 --> 00:06:17.529
the whole market shrank. That's money hiding, not broad strength.
95
00:06:18.129 --> 00:06:22.279
Altcoins can fall faster on bad news. Third, traders are parked,
96
00:06:22.620 --> 00:06:26.639
waiting on inflation, with Bitcoin stuck in place and altcoins soft.
97
00:06:27.310 --> 00:06:30.730
That read flips if the report pushes Bitcoin out of $ 81, 000
98
00:06:30.250 --> 00:06:36.350
to $ 84, 000 on strong volume. First, the US inflation report
99
00:06:36.389 --> 00:06:40.209
lands today. A cool reading could lift risk assets, and
100
00:06:40.250 --> 00:06:43.529
a hot one could press Bitcoin back towards support. Second,
101
00:06:43.990 --> 00:06:46.569
over the next week, keep an eye on the Fed
102
00:06:46.649 --> 00:06:51.230
rate path and Ethereum's Glamsterdam upgrade talk, since both shape
103
00:06:51.269 --> 00:06:55.910
what people expect from fees and yields. Third, PolyMarket gives
104
00:06:55.930 --> 00:07:01.350
about 38% odds to Bitcoin holding above $ 84, 000 on October 15th.
105
00:07:02.009 --> 00:07:04.699
That's a clean test of whether this range breaks. So
106
00:07:04.740 --> 00:07:07.459
the thing to watch is the inflation report. A hot
107
00:07:07.519 --> 00:07:10.720
reading keeps money in Bitcoin and the smaller coins soft.
108
00:07:11.199 --> 00:07:15.000
And a cool one is what lets alts breathe. The
109
00:07:15.040 --> 00:07:19.430
Token Metrics app is live with signals, vaults, and research
110
00:07:19.449 --> 00:07:22.509
in one place. It's a short list of standouts with
111
00:07:22.529 --> 00:07:26.420
the reasons behind each pick in plain view. By the way,
112
00:07:26.779 --> 00:07:29.199
if you want the full written breakdown, check out our
113
00:07:29.240 --> 00:07:34.689
newsletter at tokenmetrics.com. This is educational content, not investment advice.
114
00:07:35.389 --> 00:07:38.639
Always do your own research. I'm Alex. See you next time.
1
00:00:00.170 --> 00:00:05.000
It's Wednesday, October 14th. I'm Alex, your AI avatar here
2
00:00:05.040 --> 00:00:09.359
at Token Metrics. Interactive brokers just put Ethereum staking in
3
00:00:09.419 --> 00:00:12.539
front of everyday brokerage clients, and that's the story of
4
00:00:12.560 --> 00:00:16.570
the day. Crypto yield is moving into accounts people already trust.
5
00:00:16.829 --> 00:00:19.429
By the end of this, you'll know why Bitcoin's stuck
6
00:00:19.469 --> 00:00:23.109
in a tight range, what the inflation report decides, and
7
00:00:23.170 --> 00:00:27.739
where the real risk sits. Interactive brokers now lets clients
8
00:00:27.839 --> 00:00:31.960
earn yield on Ethereum. A mainstream stockbroker is selling staking
9
00:00:32.039 --> 00:00:35.820
right next to stocks and bonds. Bitcoin, meanwhile, is stuck
10
00:00:35.840 --> 00:00:40.280
in a tight range, waiting on inflation data. Bitcoin's flat
11
00:00:40.399 --> 00:00:44.240
at about $ 83, 000. And that tells you most of what
12
00:00:44.259 --> 00:00:46.869
you need to know. Nobody wants to move before the
13
00:00:46.909 --> 00:00:53.170
inflation report. Ethereum is near $ 2, 500. Also basically flat. Solana
14
00:00:53.250 --> 00:00:58.640
is around $ 107, up about 1%. Total market value slipped
15
00:00:58.679 --> 00:01:03.869
about 3% to roughly $ 2. 8 trillion, and Bitcoin dominance rose
16
00:01:03.909 --> 00:01:07.870
to about 60%. That gap is the story. Money is
17
00:01:07.909 --> 00:01:11.609
sitting in Bitcoin and leaving the rest. DeFi deposits are
18
00:01:11.650 --> 00:01:16.310
about $ 91 billion, up a couple percent. Stablecoin supply is
19
00:01:16.349 --> 00:01:20.739
around $ 310 billion, basically unchanged. And the fear and greed
20
00:01:20.780 --> 00:01:24.159
index reads 62, which is greed. This is still a
21
00:01:24.159 --> 00:01:29.069
bear market. with Bitcoin about 27% below its high. Privacy
22
00:01:29.150 --> 00:01:32.510
coins is the strongest narrative today. It is up about
23
00:01:32.510 --> 00:01:36.750
4% over 24 hours. Zcash is the top coin in
24
00:01:36.790 --> 00:01:40.129
that sector. It is up a few percent over 24 hours.
25
00:01:40.629 --> 00:01:45.439
The strength is concentrated, not broad. Oil is up about
26
00:01:45.439 --> 00:01:48.819
6% this week, and that's a macro signal, not a
27
00:01:48.859 --> 00:01:54.140
crypto one. Higher oil feeds inflation expectations, and inflation expectations
28
00:01:54.549 --> 00:01:58.010
feed rate expectations. That's why crypto has been feeling the
29
00:01:58.049 --> 00:02:01.450
squeeze even with Bitcoin flat. The levels that would flip
30
00:02:01.489 --> 00:02:04.109
this read are in the monthly playbook. This is the
31
00:02:04.170 --> 00:02:07.549
tip of the iceberg. The full macro regime read is
32
00:02:07.590 --> 00:02:13.389
in the monthly playbook. 14 days free at tokenmetrics.com. Here
33
00:02:13.509 --> 00:02:17.550
is what prediction markets are pricing in. First, Will S
34
00:02:17.710 --> 00:02:22.569
and P500 hit $ 780 a week of October 12th? Traders
35
00:02:22.629 --> 00:02:26.840
put the odds at about 90%. Money puts 90% odds
36
00:02:26.900 --> 00:02:31.800
on stocks holding highs. Crypto waits on that same risk mood. Next,
37
00:02:32.159 --> 00:02:34.240
will Bitcoin reach $ 86, 000 October 12th to 18th? Traders put
38
00:02:34.300 --> 00:02:41.460
the odds at about 36%. Money puts 36% odds on $ 86, 000.
39
00:02:43.810 --> 00:02:47.110
Down 6% on the day. Traders doubt a breakout before
40
00:02:47.129 --> 00:02:52.150
the inflation news. Finally, will Ethereum dip to $ 2, 400 October
41
00:02:52.210 --> 00:02:56.659
12th to 18th? Traders put the odds at about 34%.
42
00:02:56.659 --> 00:03:01.620
Money puts 34% odds on a dip to $ 2, 400. Down
43
00:03:01.620 --> 00:03:04.680
11% on the day. Fear of a flush faded a bit.
44
00:03:06.039 --> 00:03:10.650
Interactive brokers just put Ethereum staking inside a regular brokerage account.
45
00:03:11.110 --> 00:03:13.810
And that change is bigger than it looks. It did
46
00:03:13.849 --> 00:03:17.020
that through a firm called Zerohash. If you've only ever
47
00:03:17.060 --> 00:03:20.360
bought crypto on a separate exchange, this is a new door.
48
00:03:20.879 --> 00:03:23.939
The number of steps between a normal investor and staking
49
00:03:24.159 --> 00:03:28.560
just dropped. That doesn't create demand by itself. Fewer steps
50
00:03:28.620 --> 00:03:31.900
means more people try it. The next account update will
51
00:03:31.960 --> 00:03:34.860
show if this is real. If client balances in the
52
00:03:34.900 --> 00:03:38.689
staking product grow, that points to more regular investors using it.
53
00:03:38.960 --> 00:03:42.020
If they sit flat, this was a checkbox, not a business.
54
00:03:42.620 --> 00:03:46.620
Coinbase says Bitcoin needs flexible designs for a post-quantum move.
55
00:03:46.979 --> 00:03:49.280
Think of it as fire drills for the vault. It
56
00:03:49.340 --> 00:03:52.780
holds roughly 5% of all Bitcoin. Any change to how
57
00:03:52.840 --> 00:03:57.189
transactions get signed hits the big firms that store Bitcoin first.
58
00:03:57.729 --> 00:04:00.930
The network can't just flip a switch. The largest holders
59
00:04:00.990 --> 00:04:03.569
need a path they can test without breaking how the
60
00:04:03.610 --> 00:04:07.030
coins are held. No code change yet, just a wishlist.
61
00:04:07.469 --> 00:04:10.860
For Coinbase, the next clue is in the open discussions.
62
00:04:11.389 --> 00:04:15.289
If developers back one design, that shows custodians which path
63
00:04:15.310 --> 00:04:20.209
they can try first. Evernorth hired Ripple, Kraken, Coinbase, and
64
00:04:20.290 --> 00:04:24.939
BitGo to put its $ 648 million XRP stash to work.
65
00:04:25.480 --> 00:04:28.079
This is a treasury trying to earn rent instead of
66
00:04:28.120 --> 00:04:31.680
sitting empty. Using several big firms for trading and safekeeping
67
00:04:32.019 --> 00:04:34.759
cuts the risk of one of them failing. Yield needs
68
00:04:34.800 --> 00:04:38.259
a buyer on the other side. XRP slipped with most
69
00:04:38.319 --> 00:04:41.839
smaller coins today, so that demand isn't obviously there yet.
70
00:04:42.459 --> 00:04:46.319
If Evernorth says where the XRP is actually deployed, it
71
00:04:46.339 --> 00:04:51.279
will show whether returns come from lending, liquidity, or staking-style programs.
72
00:04:51.759 --> 00:04:55.829
Ripple and Privy, which Stripe owns, are bringing embedded wallets
73
00:04:55.870 --> 00:04:59.110
to the XRP ledger. The pitch is crypto with the
74
00:04:59.189 --> 00:05:02.850
hard parts hidden, with wallets built right into apps. Apps
75
00:05:02.889 --> 00:05:06.209
can spin up wallets for stablecoin payments, and AI agents
76
00:05:06.250 --> 00:05:09.470
that spend on their own. That only works if fees
77
00:05:09.629 --> 00:05:13.810
and transaction rules stay simple for builders. Privy still has
78
00:05:13.850 --> 00:05:16.910
those on its roadmap. The launch is the easy part.
79
00:05:17.500 --> 00:05:20.879
If fintech apps actually ship with these wallets, that's real
80
00:05:20.920 --> 00:05:24.019
payment use. If it stays a press release, it isn't.
81
00:05:24.560 --> 00:05:29.040
Bitcoin is holding near $ 83, 000 ahead of the U.S. inflation report.
82
00:05:29.500 --> 00:05:32.040
The whole market is in that one line. It's stuck
83
00:05:32.079 --> 00:05:36.019
around that level while traders wait. Smaller coins are lagging.
84
00:05:36.439 --> 00:05:39.860
Privacy coins rose about 4% on the week, which looks
85
00:05:39.879 --> 00:05:43.180
like defense, not risk-taking. The inflation reading is the next
86
00:05:43.240 --> 00:05:46.180
big test for Bitcoin. If it comes in cool and
87
00:05:46.220 --> 00:05:50.189
Bitcoin breaks above 84,000 on volume, that supports a relief
88
00:05:50.250 --> 00:05:53.370
rally in smaller coins. If it comes in hot, the
89
00:05:53.410 --> 00:05:58.529
relief case is off. First, a greed reading of 62
90
00:05:58.529 --> 00:06:01.329
is too hot for a market this thin. The trend
91
00:06:01.370 --> 00:06:05.810
is still weak, And Bitcoin sits about 27% below its high.
92
00:06:06.129 --> 00:06:09.329
That mix is where dips get bought, until they stop
93
00:06:09.370 --> 00:06:13.529
getting bought. Second, Bitcoin's slice of the market grew while
94
00:06:13.550 --> 00:06:17.529
the whole market shrank. That's money hiding, not broad strength.
95
00:06:18.129 --> 00:06:22.279
Altcoins can fall faster on bad news. Third, traders are parked,
96
00:06:22.620 --> 00:06:26.639
waiting on inflation, with Bitcoin stuck in place and altcoins soft.
97
00:06:27.310 --> 00:06:30.730
That read flips if the report pushes Bitcoin out of $ 81, 000
98
00:06:30.250 --> 00:06:36.350
to $ 84, 000 on strong volume. First, the US inflation report
99
00:06:36.389 --> 00:06:40.209
lands today. A cool reading could lift risk assets, and
100
00:06:40.250 --> 00:06:43.529
a hot one could press Bitcoin back towards support. Second,
101
00:06:43.990 --> 00:06:46.569
over the next week, keep an eye on the Fed
102
00:06:46.649 --> 00:06:51.230
rate path and Ethereum's Glamsterdam upgrade talk, since both shape
103
00:06:51.269 --> 00:06:55.910
what people expect from fees and yields. Third, PolyMarket gives
104
00:06:55.930 --> 00:07:01.350
about 38% odds to Bitcoin holding above $ 84, 000 on October 15th.
105
00:07:02.009 --> 00:07:04.699
That's a clean test of whether this range breaks. So
106
00:07:04.740 --> 00:07:07.459
the thing to watch is the inflation report. A hot
107
00:07:07.519 --> 00:07:10.720
reading keeps money in Bitcoin and the smaller coins soft.
108
00:07:11.199 --> 00:07:15.000
And a cool one is what lets alts breathe. The
109
00:07:15.040 --> 00:07:19.430
Token Metrics app is live with signals, vaults, and research
110
00:07:19.449 --> 00:07:22.509
in one place. It's a short list of standouts with
111
00:07:22.529 --> 00:07:26.420
the reasons behind each pick in plain view. By the way,
112
00:07:26.779 --> 00:07:29.199
if you want the full written breakdown, check out our
113
00:07:29.240 --> 00:07:34.689
newsletter at tokenmetrics.com. This is educational content, not investment advice.
114
00:07:35.389 --> 00:07:38.639
Always do your own research. I'm Alex. See you next time.
