Bonds Crack at 5%, Saylor’s Bitcoin Pivot, Hyperliquid vs CME & CLARITY Drama

About this episode

The episode discusses the implications of the US Treasury clearing 5%, Bitcoin's role in sanctions evasion, and features interviews with key industry figures.

This week, David Sencil and Graham Stone unpack a heavy macro week — from the 30-year US Treasury clearing 5% for the first time since 2007, to Strategy’s $1.5B convertible note buyback and Michael Saylor quietly testing the market on Bitcoin sales.They dig into Iran’s reported “Hormuz Safe” Bitcoin sanctions-bypass scheme, why David thinks Bitcoin is actually worse than fiat for evading sanctions, and the Coinbase/Circle/Hyperliquid USDC deal that triggered CME and ICE to run to regulators.Plus: David’s CFTC Chairman Michael Selig interview from Vegas, Austin Campbell on the Clarity Act, and Graham vs David on whether the bill actually passes by July 4th.Topics covered:• 30-year US Treasury clears 5% — what it means for hard assets• Iran’s Hormuz Safe Bitcoin maritime insurance play• Why David thinks Bitcoin is worse than fiat for sanctions evasion• Strategy’s $1.5B convertible note buyback and Saylor’s pivot• STRC (“stretch”) — the 11.5% Bitcoin yield play• Hyperliquid lands USDC deal with Coinbase and Circle• CME and ICE lobbying regulators over Hyperliquid• David’s interview with CFTC Chairman Michael Selig• Will the CLARITY Act pass by July 4th? Graham and David debate00:22…

People in this episode

Hosts: David Sencil, Graham Stone

Guests: Michael Selig, Austin Campbell

Topics covered

• US Treasury Bonds
• Bitcoin Market Analysis
• Sanctions Evasion
• Convertible Note Buyback
• Hyperliquid USDC Deal
• CLARITY Act Debate

Keywords

• Bitcoin
• US Treasury
• Sanctions
• Convertible Notes
• Hyperliquid
• CME
• CLARITY Act

Mentioned in this episode

Organizations: Strategy, Coinbase, Circle, Hyperliquid, CME, ICE

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