This week's edition of Crypto Long & Short features Ravi Tanuku discussing how the GENIUS Act has not only regulated stablecoins but has also altered Bitcoin's monetary premium. Jesper Johansen provides insights on looped ETH staking without reliance on a lending market.
By Ravi Tanuku, Jesper Johansen, Francisco Rodrigues|Edited by Alexandra Levis May 27, 2026, 4:00 p.m. 9 min readMake preferred on (Spenser Sembrat/ Unsplash)What to know:
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Welcome to this week's issue of our institutional newsletter, Crypto Long & Short. Highlights include:
- Ravi Tanuku discusses the impact of the GENIUS Act on Bitcoin’s monetary premium
- Jesper Johansen explores ETH staking without exposure to lending markets
- Key news for institutions by Francisco Rodrigues
- “NEAR Intents fee run-rate holds as price recovers off $1 lows” in Chart of the Week
Thank you for being with us!
Expert Insights
The GENIUS Act's Impact on Bitcoin's Monetary Premium
- By Ravi Tanuku, managing member & general partner at Natural Capital & Director at Krakacquisition Corp.
Since July 18, 2025, gold has outperformed Bitcoin by nearly 100%. Both operate under the same macroeconomic conditions but yield different results.
The conventional explanations fail when faced with a basic question: if this is merely a peak in the cycle, why does gold continue to perform well?
Bitcoin’s decline was not due to market cycles, sentiment, or quantum risks, but rather because the U.S. government introduced a more effective alternative to Bitcoin, enacted through the GENIUS Act, which regulates stablecoins with full reserves in U.S. dollars or Treasuries. This legislation essentially redirected demand for a “digital dollar” from Bitcoin to stablecoins.