Happy Thursday!

Bitcoin is back above $80,000, even though Wednesday saw the largest ETF outflows in a while. Is that a good or a bad sign?

Coinbase CEO Brian Armstrong is looking forward to the CLARITY Act finally getting advanced in the Senate. Here’s why it’s such a big deal, according to him.

Plus, volatility has started tightening as traders reposition around Iran headlines and oil swings. Chris Capre believes that combination can create aggressive intraday opportunities. In this live session, he’ll show the signals he watches before sharp reversals and momentum expansions develop. Reserve Your Free Spot

TOP STORY

Bitcoin Breaks $80,000 Again: Are ETF Outflows Irrelevant Now?

Bitcoin ETFs posted their biggest single-day outflow since January 29 ($841 million), snapping six consecutive weeks of gains that totaled $3.4 billion.

BlackRock's IBIT led the bleeding at -$285 million, followed by ARK 21Shares ARKB at -$177 million and Fidelity's $FBTC at -$133 million — while Morgan Stanley's MSBT hasn't seen a single dollar of outflows since its April 8 launch and has quietly accumulated $256 million.

Bitcoin reclaimed $80,000 Thursday after dipping to $78,885, but CryptoQuant is flagging rising profit-taking, elevated unrealized gains, and weakening U.S. spot demand after a 37% rally from April lows…

SPECIAL OFFER

Oil, VIX, And SPY Are Setting Up Another Big Move

Volatility has started tightening while traders rapidly reposition around Iran headlines and oil swings. Chris Capre believes that combination can create aggressive intraday opportunities across equities, commodities, and options markets. In this live session, he’ll show the signals he watches before sharp reversals and momentum expansions develop. These are the same conditions driving some of the fastest moves we’ve seen all quarter.

QUICK N DIRTY

Bitcoin, Ethereum, XRP started the day slow before a recovery in the New York trading session after ETF outflows: here’s what else is driving markets today.

Ripple’s CEO Brad Garlinghouse has created a new elevator pitch for XRP. Here is everything you need to know about XRP in 60 seconds.

Grant Cardone said Bitcoin and other cryptos are a ‘magnet’ for degenerate investing. He follows a different model for his crypto investments.

FINTECH FOCUS

Coinbase CEO Says 'American Companies Can Finally Start To Build' If CLARITY Act Advances

Coinbase CEO Brian Armstrong told FOX Business Thursday that "all American companies can finally start to build" the crypto industry as the Senate Banking Committee votes on the CLARITY Act — a bill the crypto industry spent $119 million backing in the 2024 election cycle.

Armstrong called the latest draft a "true compromise," with stablecoin rewards permitted only when there is "some sort of material activity on the account" — the carve-out banks are still fighting, with the American Bankers Association calling member CEOs directly to pressure committee senators. Beyond legislation, Armstrong dropped a number:

Coinbase's prediction markets business hit a $100 million annualized revenue run rate in just two months.

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