CARDANO ADA - Fireworks Beginning Today! Iran's Threat?! Clarity Act Update! New Leverage Highs!

Hinzugefügt: 2026-05-12

[00:00:00]So yesterday was actually very quiet. Um not a whole lot going on and that of course is because we were building up to this moment where the fireworks can finally begin and yes that is today. Now those fireworks could obviously be a good thing or a bad thing and I'll show you guys a video later on in my experience in that regard. Um but we have quite a few things to discuss here.

[00:00:21]We have an early draft of the Clarity Act which obviously is going to be seeing some voting take place later this week. Iran is making some pretty uh bold statements that that we're going to have a discussion about and also we're going to talk about the exact event this morning that is going to kick things off. So again, if you guys are new or haven't already, make sure you like, comment, subscribe, show your support for the channel down below. But yes, last 24 hours pretty uneventful, pretty quiet. It's been a slow rise up then a slow drop back down. We saw the early hours yesterday uh of our US trading session bring us up to about 2830 in terms of ADA and then we just saw kind of down to the right since that time.

[00:01:02]We've actually retraced down to about 2740 at the time of filming this video.

[00:01:06]We're seeing again a little bit of uh profit taking maybe a little bit of leverage liquidations not not a ton um because things are moving so slow and volume is so light right now. Um it's all building to basically, you know, all this energy being trapped and then it's going to it's going to pop right at some point. It's just a question of obviously what direction does that that pop in. Um just taking a look at here uh ADA on the daily. We can see Oh, if I can find it.

[00:01:31]There we go. We're seeing that uh just again a little bit of a course correction here. Again, a little bit of that retracement. Uh did close yesterday down uh 71%. That is actually a hammer candle which is a bullish correction uh formation. Obviously not working out so far for us today. Uh we're down about 2.3% but BTC is down actually about 1.5% here so far today after closing on top of its structure. It's now back below the structure again. BTC just continues to toy with this line, fight this 200 day moving average. It is doing a very good job so far of staying away from that 20-day, but obviously if things get a little bit squirly today, we could definitely see a retest there that is down at about 79K right now. BTC dominance still floating with a trend here. I have not got a, you know, a discernable uh separation here from the trend. Whether that be to the downside there, which would be good for all coins, or a push back up towards 61%, which would obviously not be great for uh all coins. But obviously, everything so far is building up to this morning, 8:30 a.m. Eastern Standard Time, we are going to be getting our CPI report. So, just so everybody is aware, this is where what the expectations are. We're expected to see CPI actually climb to 3.7% which is the highest we have seen since September of 2023. So almost three years now. Um they're expecting this spike to heavily take place because of of fuel and because of energy. Um we're expected to see this be a 6% increase month. Core CPI increasing by.3 or 4%.

[00:03:02]Now here's the thing. the last CPI report we got, they expected big rises as well, but they overshot those expectations. So, this is part of the reason why the market is um moving the way it is. It's anticipating this negative CPI report. And here's the thing is if we come in better than expectations, the market's probably going to bounce and do some some fun things. And I'll talk about leverage here in just a moment. But this is this is what we are are kind of gearing up for this morning. Then remember tomorrow we have a PPI report to follow that up which is likely going to show increases in inflation as well. Um but the thing is again it's isolated to very few things in the um in the reports themselves. Everything else has been pretty pretty even keel not much change taking place which is which is good right means you just need to get one other major thing uh under control here.

[00:03:53]Now, that being said, we did see inflation um inflation open interest increase headed into this report.

[00:04:00]Actually, over the last 24 hours, we've seen a 911% increase, bringing us up to 135 billion in open interest across the crypto market, which is actually the highest point we have seen since the pre since the February drop. Right? So, we're seeing betting and betting and betting rising. We're seeing spot buying, spot buying, spot buying rise.

[00:04:19]So, the question is now again, are we building up to a moment where everything's going to fall out underneath us or does it in fact push us through uh to some levels we haven't seen in a while. And that's again, nobody knows the future. Nobody knows what's happening um or what's going to come next. But just be aware this could be a week that could be really big for the crypto market or it could be sometimes a right? So saw I saw that in a video yesterday. It remind me of that. Um I think that's a very apt way of describing what's going on. Now, uh yesterday was an institutional buying day. across the board. Not a single uh red ETF, but it was a small day nonetheless because again, institutional money is just a little bit hesitant headed into today's report and what things are going to look like. Um, one thing I did want to mention here as well before I get to some of the bigger news is that ADA right now is in sniffing distance of the top 10. All right, after falling all the way down to the 13th spot because Uno said Laos is up where it shouldn't be because Hyperlid went on some insane surges because Zcash had us 29% week. We had seen us fall all the way to 13.

[00:05:23]We're almost back where we belong, which is something great. Love to see that.

[00:05:27]Now, that being said, obviously the tensions are rising in the Middle East.

[00:05:31]We we know this. We've discussed this at length. Iran now says it will consider enriching its uranium to 90% required for building a nuclear weapon if attacked. So they're now again saying that, oh, hey, we we weren't building getting to uh nuclear weapons. That wasn't on our agenda, but now they're they're saying, yeah, we're going to do this, right? Will they? Won't they? Will they? Won't they? Who knows where they're even at in their nuclear program, if this is even possible, if this is a big nothing burger. Uh but there's definitely a lot of posturing going on right now. And um I'm sure that the US is I'm sure that you know we'll hear a response to this today which is not going to be good. But again this just continues to cause some of that tension that we're seeing in the market.

[00:06:13]Now let's talk about the last big thing here because again this voting does take place on Thursday. Uh the US Senate Banking Committee released the Cryptoclarity Act draft bill. So here's just kind of the the brief uh summary of what this is. The new draft is 309 pages longer than the 278 page draft that the Senate Banking uh committee released in January. The main points are still the same with the SEC overseeing many crypto token sales and the CFTC overseeing most of the trading that happens after those tokens are already on the market. The draft also adds more investor protection language, including SEC anti-fraud and insider trading authority for certain crypto offerings. The stable coin section is aimed at stopping platforms from offering bankstyle yield just for keeping payments uh stable coins in an account. At the same time, the bill still leaves room for rewards tied to realworld activity like transactions, liquidity, staking, which is a big deal, governance or loyalty programs. The tokenization section was narrowed to moving away from the broad real world assets wording and focused more directly on tokenized securities. One odd addition, and this is the the little curve curveball here, one odd addition is that the draft now includes the Build Now Act for housing that has nothing to do with the crypto uh but could matter in getting votes. So, um that that's the brief summary of this. You guys can check out the full bill if you want, but um so again, here's the concessions right in the middle by both sides in in some sort of rewards, but not necessarily just for obviously holding in an account, but it's opened up to some gray area, if you will. So like to see that. Uh let me know your guys' thoughts on the bill. But um we'll see what happens. Again, 86 billion in trading volume so far uh is actually coming up from the the dip that we saw leading into last night. Um so yeah, I would expect higher volume, higher volatility, probably some leverage liquidations as the day progresses. And that again could kick into much bigger movements over the rest of the week. But I appreciate you guys. I hope you enjoyed the video. Let me know your thoughts below. Oh, that's right. I was going to show you guys this video. I'm sorry. So, this is actually uh a firework experience that I had several years ago. We were firing off fireworks uh in the yard here. Maybe I need to fast forward this. Yep. And cuz things started to uh malfunction and not not go that well and started shooting fireworks at us. So, hopefully this is not the not the type of day that we're going to get.

[00:08:36]Uh hopefully it's more of the exciting ones up in the air. But have a great day. Show your love below. Catch you guys in the next one. Take care.