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Morning Minute: Wall Street Moving Onchain Will Drive the Next Bull Market
Bitwise's chief investment officer said that Wall Street's adoption of on‑chain crypto data will spark the next bull market, while Republicans released a new draft of the Clarity Act and an SEC commissioner warned about risks in decentralized finance.
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What happened
Bitwise’s chief investment officer said that Wall Street’s adoption of on‑chain crypto data will spark the next bull market, while Republicans released a new draft of the Clarity Act and an SEC commissioner warned about risks in decentralized finance.
Confirmed
Global impact / market context
If major investors start using blockchain data, crypto prices could rise, attracting more capital. New legislation and regulatory warnings may shape how crypto projects operate, affecting compliance costs and market confidence.
Analyst inference
The crypto market is currently sensitive to regulatory signals and institutional interest. Positive institutional sentiment can lift prices, whereas stricter rules or warnings can cause short‑term pullbacks.
Analyst inference
What to watch
- Whether Wall Street firms actually integrate on‑chain analytics into their investment processes, which could boost demand for crypto assets. Proposed
- The progress of the Republican Clarity Act draft, as its provisions may define legal clarity for crypto businesses and affect their operating costs. Proposed
- Further comments from the SEC commissioner on DeFi, which could lead to new enforcement actions or guidance impacting decentralized platforms. Proposed
Affected assets
- OPN — Opinion