This week on The Weekly, David Sencil and Graham Stone break down a packed week across Bitcoin, crypto, macro, DeFi, and AI.

Bitcoin recovered to around $64K after testing lower levels, while oil, gold, equities, and the U.S. dollar reflected growing macro uncertainty.

The episode covers the Iran conflict, Japan’s weakening yen, the carry trade, and why a Japanese corporate pension fund allocating to crypto could be an early signal of broader institutional movement.

David and Graham also discuss the Federal Reserve ending forward guidance under Kevin Warsh, what that means for market volatility, and why some analysts now believe the crypto bottom may already be in.

The conversation then moves into decentralized AI, the DeFi hack crisis, AI as a defensive tool for protocols, and the latest pressure around MicroStrategy’s STRC/Stretch structure.A full episode for anyone tracking Bitcoin, macro markets, crypto narratives, DeFi security, and institutional adoption.