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AI Summary

  • Adam Back, CEO of Blockstream, criticized Bitcoiner VC Nic Carter for contributing to misleading narratives about quantum risks to Bitcoin, claiming it undermines industry trust.
  • Bitcoin's recent price rally is dampened by diminishing expectations for Fed rate cuts, as market slide continues over weak job data indicating a sluggish U.S. economy.
  • Traders speculate on the long-term presence of altcoin seasons with BitMEX co-founder Arthur Hayes stating that altcoins are consistently performing, regardless of market perception.
  • The U.S. Clarity Act is anticipated to positively impact the crypto industry, yet won't drastically alter Bitcoin's market price according to veteran trader Peter Brandt.
  • Senator Cynthia Lummis, a staunch advocate for crypto regulation, will not seek reelection in 2026, raising concerns about future legislative support for the industry.

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