Altcoins Just Got MASSIVE SEC News (White House Next)

**SPEAKER_1** (0:00)
Welcome in to Discover Crypto. We are embarking upon a very important couple weeks here in crypto, as the SEC has taken it to the White House in a massive rule that they're rewriting right now, and are waiting for another chance to see if the Clarity Act can go through. September 15th is approaching very, very quickly, and it seems the altcoin sector is on fire right now. Bitcoin looking a little sluggish, but altcoins are being feisty. We have a lot of news and a lot of ground to cover. I hope you had a great Labor Day weekend, and I'm joined by TJ, the legend. How are you doing good, sir?

**TJ** (0:34)
I'm doing good. How are you doing today? Do you have a good weekend?

**SPEAKER_1** (0:37)
Incredible. Incredible.

**TJ** (0:39)
I'm just sitting there enjoying family time, looking at the phone, saying, oh, hey, this DeFi protocol is hitting. This DeFi one's hitting. So yeah, I'm starting to, obviously, you guys know, I've been very, very, very by the infrastructure pro DeFi for a long time, and it's really starting to look like that's going to play out. I've got a big pump on Arrow as a Jupiter, Radium, all sorts of all sorts of DeFi positions popping off, Tau even hitting. So AI and DeFi is still looking like the strong trend and narrative. And like you mentioned, it seems like insiders are front running some of this SEC, you know, new rules and regulations that are going to come out that allow, make things easier for funds, make things, you know, it's very, very bullish for on chain finance. And again, every, it seems like every week, there's more bullish news for anything on chain. So, you know, it's exciting time, stuff we've been waiting for in crypto for a long time. And yeah, let's get to it.

**SPEAKER_1** (1:36)
Well, and I've walked around a little bit of a chip on my shoulder from our weekend video that we did. We talked about the video on Friday, you know, and we were highlighting Uniswap, Arbitrum and Morpho as kind of infrastructure, kind of adjacent plays or things that are hooked into Robinhood chain that you can pick up some gains.
I know TJ's smiling from that Uniswap move. Uniswap has been absolutely ripping. Arbitrum has been ripping. It was just me riffing in the car. This felt good. It makes me feel like we're still driving the boat correctly and it matters to me being able to call this stuff up. So how's that Uniswap feeling? Are you ready to take some profits on it? Oh no, not yet.

**TJ** (2:16)
Not yet. This is a longer term hold. But yeah, I mean, I absolutely could. It could probably roll almost a whole Bitcoin out of it at this point.

**SPEAKER_1** (2:25)
But yeah, it feels good, you know. Look at your Venice tokens, the other top gainer. Unbelievable. TJ, you're on fire. I'm on a roll.

**TJ** (2:32)
Man on fire.

**SPEAKER_1** (2:34)
And then Aerodrome looking good as well.
Injective, we were covering the chart last week, looking like it was swoopy to the upside. It's up 12% today. It's fun to see a lot of these alts performing really nicely as Bitcoin's kind of being a little bit sluggish right now. We had a weird market open where Bitcoin, and what we're looking at is Bitcoin on the four-hour timeframe. So this is essentially our range up here in the 75 to $82,000 region. Now a couple different marks here. The green line is more than likely going to act as our local bounce point at around 77K. We did fall down to 77.5 this morning, and it's trying to catch its footing here. A red market opened so far today, and a good chunk of liquidity was snapped up this morning. I know that I was watching this liquidity heat map this morning, and I know a big chunk of longs were wiped out on that initial washout. Bitcoin is trying to find a bounce point right now. It is interesting, though, to see Bitcoin kind of flailing around at this kind of upper echelon that it just set up for that price pump, and Bitcoin dominance over the last few weeks is actually, dominance is printing a red dot on Bitcoin dominance. So I have a couple interesting sets of data that I'm working with right now, as we compare altcoins to Bitcoin, and this is where we were out on a limb a couple months ago buying altcoins. No one really understood why. The thesis so far is playing out pretty nicely as Ethereum is acting very, very sticky around that $2,500 market. A lot of these alts are able to take a breath. Aerodrome is having a weekend as well. Yeah, there's a lot of reasons why Aerodrome is pumping that we're going to be going over.