Token Metrics Daily Pulse
Business & Finance
About
Daily Pulse is your morning crypto briefing, summarizing key overnight changes, their significance, and upcoming alerts. No predictions or hype—just 10 essential points, verified and sourced. New episodes daily. Subscribe at tokenmetrics.com.
Episodes
- Charles Schwab just turned on spot crypto trading
Charles Schwab has introduced spot crypto trading for retail clients. Concurrently, JPMorgan is expanding its tokenization efforts with a new fund on Ethereum, contributing to a growing industry in tokenized Treasuries. Coinbase has also l…
- Hot CPI just killed rate cut hopes. Markets shrug.
Hot inflation data has postponed the timeline for Federal Reserve rate cuts, while Bitcoin remains stable around $81K. The market is currently neutral, with key developments including the DTCC's use of Chainlink for tokenized collateral an…
- Crypto funds just logged their 6th straight week of inflows
Crypto funds experienced their sixth consecutive week of inflows, totaling $858 million last week and $4.9 billion over six weeks. Strategy acquired 535 BTC, and the Clarity Act is scheduled for markup on May 14.
- Bored Apes are back. Risk appetite is returning.
Bored Ape NFTs are increasing in price, alongside a broader weekly uptick in NFT volume. The CLARITY Act has a Senate markup date, and LayerZero has apologized for a past exploit.
- Senate sets a date. Crypto bill is back.
The Senate Banking Committee has set a date for the CLARITY Act, a significant crypto market structure legislation. Trump Media experienced a Q1 loss due to Bitcoin and CRO markdowns. This episode also covers Aave Labs' plans to overhaul c…
- Kraken wants to be a federal bank. The SEC agrees.
Kraken's parent company has applied for a national trust bank charter. The SEC is considering new rules for on-chain markets and AI finance. The ECB has warned about stablecoins potentially causing 'digital dollarisation' in Europe.
- Bitwise just bought a $267M tokenized fund
Bitwise has acquired a $267 million tokenized carry fund from Superstate, marking a significant move into tokenized real-world assets. Meanwhile, Bitcoin ETFs have experienced a five-week buying streak, indicating renewed institutional int…
- ZEC up 34%. BTC hits 3-month high. Here's why.
Bitcoin surpassed $82K, a three-month high, amid geopolitical developments. Zcash saw a 34% increase following Multicoin Capital's investment, and Morgan Stanley announced its entry into crypto trading.
- TON just surged 36%. Telegram took control.
Telegram is taking direct control of the TON network, leading to a 36% surge in TON
- BTC touched $80K. Then Iran news hit.
Bitcoin briefly surpassed $80K before an Iran missile report caused a sharp decline across cryptocurrencies. Kraken acquired Bitnomial while suing its custody partner, and Layer 2 TVL saw significant shifts, with MegaETH surging and Manta…
- Senate clears crypto bill. What's keeping BTC at $78K?
This episode covers the Senate's progress on the Clarity Act stablecoin yield deal, recent Ethereum Foundation sales, and Brazil's new restrictions on crypto cross-border payments. It also discusses current Bitcoin market trends and the Fe…
- Senate clears crypto bill. BTC still stuck at $78K.
The Senate cleared a hurdle for the Clarity Act, a major crypto legislative package. The Ethereum Foundation sold more ETH, and Riot Platforms expanded its AI infrastructure deal.
- Bitcoin ETFs pulled in $2B in April alone
This episode discusses Bitcoin's April performance, including its $2 billion in ETF inflows, a surge in MegaETH TVL, and SBI Holdings' potential stake in Bitbank. Token Metrics provides these updates as part of its daily cryptocurrency mar…
- Crypto hacks hit $630M in April alone
April was the worst month for crypto hacks since February 2025, with $630 million stolen. North Korean actors are responsible for 76% of crypto theft in 2026, and total theft has exceeded $1 billion across 68 incidents this year.
- Paul Tudor Jones calls BTC the best inflation hedge
Paul Tudor Jones has identified Bitcoin as the strongest inflation hedge. The episode also covers Bitcoin's current market status, the resilience of DeFi despite recent challenges, and a partnership aiming to tokenize $70 trillion in US st…
- Bitcoin ETF streak snapped. FOMC next.
Bitcoin ETFs have ended a nine-day streak of inflows, with Bitcoin currently trading at $76,000. The Federal Open Market Committee meeting is approaching, and Jack Dorsey's Block has disclosed holdings of nearly 9,000 BTC. Israel has appro…
- Crypto ETFs just hit their highest AUM since February
Crypto ETFs have reached their highest Assets Under Management (AUM) since February, with a significant $933 million inflow recorded in one day. This marks a four-week streak of inflows. Meanwhile, meme tokens have seen a 31% increase in v…
- BlackRock's Bitcoin ETF just crossed a massive milestone
BlackRock's Bitcoin ETF reached a significant milestone, indicating crypto's mainstream adoption. Meanwhile, meme tokens and rollups saw substantial gains, while BTC remained relatively stable. The episode also covers CFTC actions regardin…
- Bitcoin's best month in a year. Now traders eye $73K.
Bitcoin is experiencing its best monthly performance in a year, driven by USDT minting and a 9-day spot ETF inflow streak, with traders targeting $73K. Meanwhile, prediction markets face regulatory actions in Brazil and the US, and Aave is…
- A soldier bet $409K on classified intel. On Polymarket.
A US Army soldier is charged with felonies for allegedly using classified intelligence to win $409K on Polymarket. Meanwhile, Bitcoin hovers below $78,500 as leverage unwinds, showing contrasting risks.
- Tether just froze $344M. On Tron. For the feds.
Tether froze $344 million in USDT on Tron after a request from US law enforcement, marking a significant freeze. Bitcoin ETFs experienced a 7-day inflow streak of $1.9 billion, with Bitcoin testing the $80,000 resistance level. JPMorgan no…
- Bitcoin clears $78K. Short sellers just got wrecked.
This episode covers Bitcoin hitting $78K amidst $418 million in liquidations, along with Ethereum and Solana gains. It also discusses a new Lazarus Group exploit and trends in DeFi protocols like Aave, Spark, and Lido.
- Scammers charging Bitcoin tolls in the Strait of Hormuz
Scammers impersonating Iranian officials demanded Bitcoin from cargo ships in the Strait of Hormuz, with at least one vessel reportedly paying. Arbitrum
- Crypto funds just absorbed $1.4B in a week
Last week, crypto funds attracted $1.4 billion, while Bitcoin remained flat at $75K and Ethereum struggled to hold $2,500. Notable events include a significant drop in Aave V3 TVL following a Kelp DAO exploit and Polymarket
- 65% of institutions now call crypto essential
A recent study by Nomura indicates that 65% of institutional investors now consider cryptocurrency an essential portfolio diversifier. The episode also covers the exploitation of Kelp DAO's rsETH bridge for $292 million and Alcoa's sale of…
- DeFi's biggest 2026 hack just hit $292M
Kelp DAO experienced a $292 million exploit involving restaked ETH on EigenLayer and a LayerZero bridge across 20 chains. Meanwhile, Bitcoin dropped to $76K after breaking resistance, and Solana futures saw a 20% rise in open interest.
- Kraken just spent $550M to buy a derivatives exchange
Kraken is acquiring the derivatives exchange Bitnomial for $550 million in cash and stock, marking a significant exchange acquisition. Meanwhile, Bitcoin is trading around $76K with high short interest, and the RHODL ratio metric indicates…
- BTC funding rates most negative since 2023
Bitcoin funding rates have reached their most negative level since 2023, which historically suggests a bullish setup. The episode also covers Drift Protocol raising $148 million and a Bitcoin developer proposal to freeze wallets vulnerable…
- BTC stalled at $75K. The IMF just explained why.
Bitcoin reached $75K before pulling back, coinciding with the IMF cutting global growth forecasts and issuing a debt warning that affects Bitcoin's macro outlook. A DeFi project also proposed a $6.2 billion token unlock.
- ETH just had its best day in months. BTC hit $75K.
Ethereum saw its best day in months, rising 8%, and Bitcoin crossed $75K for the first time since February. Despite last week's negative ETF flows, the total market cap returned above $2.6 trillion. Key developments include SEC exemptions…
- SEC just gave crypto wallets a free pass
The SEC has determined that crypto wallet software does not classify as a broker, easing concerns for developers. This news coincides with strong inflows into crypto funds and Kraken
- Commodity traders are ditching banks for stablecoins
Commodity traders facing de-banking due to Iran exposure are turning to stablecoins for continued business operations. Other developments include a large DeFi loan facing scrutiny and North Korea's crypto theft strategies.
- Bhutan sold 70% of its Bitcoin. Quietly.
Bhutan has sold 70% of its Bitcoin over the past 18 months, potentially ceasing mining operations. The Bitcoin market is bifurcating, with long-term holders accumulating while short-term traders sell. Additionally, the WLFI token reached a…
- WLFI borrowed $75M against its own token
Bitcoin surged to $73,035, while World Liberty Financial secured a $75M loan against its own token, impacting Justin Sun's holdings. The Clarity Act gained support, and Bittensor faced criticism leading to a 15% TAO token drop.
- CME Bitcoin futures hit a 14-month low
CME Bitcoin futures have reached a 14-month low while Bitcoin stays above $71,900. The U.S. Treasury will share crypto-related hacker warnings with crypto firms, Securitize appointed Brett Redfearn as president, and reports suggest Iran de…
- Morgan Stanley just declared war on BlackRock
Morgan Stanley's Bitcoin ETF, with the market's lowest fee, launched today, directly competing with BlackRock. Bitcoin and Ethereum prices increased following a conditional ceasefire announcement with Iran, which also caused oil prices to…
- Nobel physicist: quantum will crack Bitcoin first
This episode covers recent market performance for Bitcoin and Ethereum, record inflows for Bitcoin ETFs, and commentary from a Nobel physicist regarding the potential impact of quantum computing on encryption. Additionally, it highlights r…
- BTC hits $69K. Iran ceasefire did that.
Bitcoin reached $69,414, its weekly high, as ceasefire rumors between the US and Iran influenced risk assets. Token Metrics Strategy acquired 4,871 BTC for $330 million. Separately, North Korean operatives infiltrated Drift Protocol, leadi…
- North Korea ran a 6-month con. Drift lost $270M.
A six-month North Korean intelligence operation, not a typical hack, led to a $270 million loss from Drift Protocol. Meanwhile, Charles Schwab is preparing to launch spot Bitcoin and Ether trading, and Ant Group's blockchain arm has introd…
- BTC shorts face $2.5B wipeout at $72K
Bitcoin's market is tightening with contracting demand and large holder distributions, while short positions are at risk of a $2.5 billion liquidation if the price hits $72,000. Charles Schwab plans to offer spot Bitcoin and Ether trading…
- Ethereum Foundation just staked $93M in one shot
The Ethereum Foundation staked $93 million in ETH, reaching its 70,000 ETH target in one session. In other news, 178,000 jobs were added in March, beating expectations, and BTC held near $66,763.
- Trump threatens Iran. Crypto bleeds 6%.
The episode covers the impact of Trump's threat against Iran on the crypto market, leading to a significant drop in Bitcoin, Solana, and BNB. It also discusses the $285 million exploit of Drift Protocol and potential stablecoin regulations.
- BTC snaps 5-month losing streak. Now what?
Bitcoin has broken a five-month losing streak, now trading at $68,344 after closing March positively. Analysts are observing shrinking drawdowns and shifting trader strategies as key April levels become apparent.
- BTC's worst 6-month streak since 2018 ends today
Bitcoin is nearing the end of its worst six-month losing streak since 2018. Google's quantum research suggests a 2032 timeline for Bitcoin's Q-Day. A new US regulation might open the $8 trillion retirement market to crypto.
- Strategy stopped buying. ETFs bled $296M.
Despite a rise in Bitcoin and Ethereum prices, institutional buying has paused as ETFs experienced significant outflows. Key developments include the launch of Aave V4 and increasing bets on global rate hikes.
- Markets are pricing in rate hikes again
Markets are again pricing in interest rate hikes, impacting crypto as BTC and ETH prices fall. Inflation fears and geopolitical tensions are shifting Fed expectations. Key developments include the Ethereum Economic Zone framework and the p…
- Bitcoin ETFs just snapped a 4-week win streak
Bitcoin ETFs have ended a four-week streak of inflows, with capital avoiding directional risk. Google has set a 2029 deadline for quantum-resistant cryptography, impacting Bitcoin developers. Morgan Stanley launched a new ETF, while miners…
- $300M in longs just got wiped. Retail sold first.
Bitcoin experienced $300 million in long liquidations, reaching a two-week low as retail investors sold while whales remained neutral. US Bitcoin ETF outflows increased to a three-week high amid geopolitical uncertainty and rising Treasury…
- Fannie Mae just accepted Bitcoin as collateral
Fannie Mae has begun accepting Bitcoin and USDC as mortgage collateral, a significant development in U.S. housing finance. This news comes as MARA Holdings sold Bitcoin to reduce debt, and Coinbase's advocacy group launches a voter initiat…
- Circle dropped 20%. The market got it wrong.
Circle's stock fell 20% following the Clarity Act draft, though Bernstein believes the market's interpretation was incorrect. Bitcoin ETFs attracted $2.5 billion in one month, and a UK bank tokenized retail deposits.