Wall Street Giants Test Tokenized Securities on Private Blockchain

**Market Update: CLARITY Act Gains Momentum** The odds of the CLARITY Act becoming law have surged to **47% on Polymarket**, marking a significant recovery after hitting historic lows just weeks ago. **Key Developments:** - White House agrees to ethics concessions, boosting passage probability - Sharp reversal from July 13, when odds plummeted to 21% - the lowest since tracking began - Current 47% represents more than doubling of odds in under two weeks **What This Means:** The dramatic swing suggests the ethics concessions addressed major concerns blocking the legislation's path. The market now sees nearly even odds of passage, a stark contrast to the pessimism that dominated mid-July. Prediction markets like Polymarket aggregate real-money bets to forecast outcomes, making this jump a notable signal of shifting sentiment around crypto regulation.

**Coinage transitions its identity on Base blockchain** The $COINAGE token is moving beyond its role as a creator coin to become the community token for the first community-owned media outlet built onchain. **Key developments:** - The $COINAGE/USDC liquidity pool on [Aerodrome Finance](https://aerodrome.finance) now offers 37% APR for liquidity providers - Over 13 million $COINAGE tokens have been burned this year - The Coinage Coop continues building on Base as a community-owned media organization The team acknowledges this marks the end of one chapter and the beginning of another, with hints at upcoming announcements.

**Oil market analyst @schorkgroup, who accurately predicted oil price movements during the Iran War's onset, is now warning of potential price spikes above $100 per barrel.** The warning comes as: - Trump administration begins military operations - US strategic oil reserves have fallen to their lowest level in 43 years - Iran's war strategy continues to threaten global oil supply **Previous analysis from @schorkgroup highlighted Iran's threats to push oil prices to all-time highs**, noting the potential for significant economic impact on the global economy. The combination of depleted US reserves and geopolitical tensions creates a vulnerable supply situation that could drive sharp price increases in the oil market.

**The HODL Problem** Opnet founder Chad Master raises a critical concern about Bitcoin's future: the cryptocurrency may be "a victim of its own success" if users continue to simply hold rather than actively use it. **Key Points:** - Bitcoin faces a fundamental challenge beyond quantum computing threats - The focus on holding (HODLing) rather than transacting could undermine the network's long-term viability - Network utility depends on active usage, not just price appreciation **Why It Matters:** A currency that isn't used for transactions loses its core purpose. While Bitcoin's store-of-value narrative has driven adoption, the lack of everyday usage could create sustainability issues for the network's security model and relevance. The discussion highlights a tension in the Bitcoin community between viewing BTC as digital gold versus a functional payment system.

A proposed solution addresses a fundamental problem in crypto: **speculation crowding out genuine community engagement**. **The Core Issue:** - People confuse speculation with network effects - Traders are not the same as investors - This problem has plagued NFTs, DAOs, memecoins, and creator capital markets **The Proposed Solution:** Separate speculation from community participation by creating two distinct token types: - **Membership tokens** for traders to speculate on - **Governance and dividend rights** reserved exclusively for active community members This model aims to preserve community integrity while still allowing market speculation to occur separately. The approach offers a framework for creator economies that protects engaged participants from being diluted by short-term traders. The post-mortem on creator capital markets reveals this separation could solve recurring issues across multiple crypto experiments. [Source discussion](https://x.com/coinage_media/status/1764737011527647469?s=20)