U.S. credit got downgraded. Fed policy expectations are flipping. And Coinbase hit the S&P 500 (while also being extorted).

But what does all of this mean for crypto?

On this week’s Bits + Bips, James Seyffart, Alex Kruger, Ram Ahluwalia, and Noelle Acheson break down:

Plus: unemployment, yield curve control, the “Consensus vibes,” and Ram’s wild anecdote about workers gaming unemployment benefits.

Macro

Coinbase

Stablecoin bill

Timestamps:

👋 0:00 Intro

💳 2:18 A big reason why the U.S. credit downgrade matters for investors

📉 7:49 Contrarian take: why souring U.S. debt could also hurt crypto

🛡️ 15:30 Do tariffs work against the U.S. military and national security?

🔁 20:14 Why the crew flipped on Fed rate cut expectations

📊 28:35 Is the U.S. about to introduce yield curve control?

🧾 35:04 Are the Mag7 stocks the new safe havens in a recession?

📈 38:54 What if the “Goldilocks” scenario is priced in, and it's wrong?

💼 44:26 Why hedge funds are secretly in a vulnerable position

🫱 49:15 What the “vibes” at Consensus 2025 revealed

💵🇨🇳 50:44 A secret threat that the stablecoin bill poses to China?

📈 57:43 What Coinbase’s S&P 500 inclusion means and why Robinhood is its biggest threat

🌀 1:07:17 Should Coinbase acquire Circle? Here’s what the panel thinks

⏳ 1:13:38 Why altcoin ETF approvals are delayed and wen staking in ETFs?

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Bits + Bips: Why Rate Cuts Are Less Likely This Year, but Crypto's Outlook Is Positive - Ep. 839 01:22:23 Share

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