Clarity Act failing may have been best thing that ever happened to crypto…
Seems like industry & regulators have shifted into overdrive over past week.
Basically a two year window to upgrade financial system & first week progress hasn’t disappointed.
🚨🇺🇸🇸🇦 Global supply shock fears intensify as Saudi Arabia's critical East-West pipeline remains SHUT down following a Friday drone attack.
• The Damage: 4% of global oil supply is suddenly at risk. Estimates for repairs range from days to 6 weeks.
• The Market Reaction: WTI testing $104, Brent surging past $108.
• Macro Ripple: Dollar firming as the S&P 500 sells off.
With the Strait of Hormuz already choked, the global energy crunch just went into overdrive...
Source: Financial Juice / Writer: Samuel