Matt covers a heavy institutional and regulatory news day for crypto as Goldman Sachs expanded its XRP and Solana ETF exposure to roughly $154 million while still maintaining a far larger $700 million Bitcoin ETF allocation, according to new 13F filings. The Royal Bank of Canada also disclosed exposure to the Bitwise XRP ETF, adding to growing signs of institutional interest around XRP products. Matt questions whether XRP is beginning to gain momentum against Solana after comments from listeners suggesting Ripple’s expansion in Europe may be a bigger long-term signal than Solana’s current DeFi dominance. He also discusses continued Bitcoin ETF outflows as macro uncertainty increases, showing how institutional ETF flows have become one of the biggest drivers of crypto market sentiment.
On the regulatory side, the U.S. Banking Committee advanced the Clarity Act in a bipartisan 15-9 vote, moving one of the most significant crypto market structure bills in years one step closer to full Senate consideration. Matt highlights the bill’s updated language around stablecoin yields and clearer separation between SEC and CFTC oversight, with many in crypto viewing the legislation as a major catalyst for future institutional adoption if it eventually reaches President Trump’s desk. He also covers worsening crypto security issues after April 2026 became the worst month for hacks and exploits this year, with more than $635 million stolen across 28 separate incidents. Additional topics include Binance launching new TradFi-linked perpetual contracts, speculation about when Binance.com may fully return to the United States, President Trump’s reported crypto-related stock holdings, and reports connecting Bitcoin usage to insurance and shipping settlements tied to rising tensions around the Strait of Hormuz.
EASY money.