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- Weekly Rundown - August 3, 2025
Weekly Rundown - August 3, 2025
The game is off balance, I’m back on my . . .


Last chance!
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🗓️ What you missed this week
Read the market update from July 31, 2025 for a new way to generate yield from MicroStrategy, some vital trading charts, and a look at what the US dollar, behavioral models, and the altcoin market are telling us.
Look for another market update and more fun stuff in the coming days!
🚀 Chart of the Week

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Bottom line: The US’s top crypto regulator laid out its crypto agenda.
My take: Safe harbors for ICOs, a single‑license “super‑app” model, custody reforms…it’s good stuff that should help crypto entrepreneurs build platforms that can facilitate securities issuance, tokenization, staking, and lending. One step closer to consumer grade, operational crypto infrastructure. Read the full speech for a more comprehensive view.
Next comes the hard part: implementation, which could take years.
Some elements will likely need Congressional approval or legislative changes. Rulemaking could take a year. Other elements may get held up for legal or procedural reasons. We may see a power struggle stymie progress as legacy entities and crypto-native business fight over who will control the new policies. Mid-term elections may change the political calculus.
Why you should care: While this is positive news, it may take a while to bear fruit.
Along with the vision laid out above, US crypto regulators said they’ll allow ETFs to accept BTC and ETH as payment for shares and let investors redeem their shares for BTC or ETH.
This change should lower costs, tighten spreads, and simplify operations for ETF providers, market makers, and funds. Currently, the ETFs must buy or sell BTC for cash as investors buy and sell shares—an extra step that adds needless inefficiency.
What does this do for us?
Nothing.
Why do I bring it up?
Because on any day, 15-25% of trading volume comes from ETFs. With in-kind redemptions, ETF flows no longer have to buy or sell on the open market. Their activities will not show up as clearly in the signals traders use to build positions.
Also, large redemptions can push BTC and ETH into ETF inventories without touching exchanges or OTC desks. Without matching inflows, those holdings will get dumped—but only the ETFs will know when that will happen.
ETFs already muddy up the metrics. This change makes it harder to trust what you see on-chain and in the trading charts.
Keep this in mind when you look at the charts.

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Relax and enjoy the ride!
— Mark
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