🟥 Things I’m looking at today 🟥
Crypto rally stalls, BTC Vegas today, Circle files for IPO
Crypto
* BTC: 109.6k (0%), ETH: 2635 (+2%), SOL: 176 (-1%)
* Top Gainers: QNT, TKX, VIRTUAL, INJ, AAVE
* BTC ETFs: $0mn, ETH ETFs: $0mn
* BTC rally stalls under $110k on profit taking
* BTC options OI hits new record
* Hyperliquid whale loses $67m in 5 days
* SOL co-founder sees KYC details doxxed
* Trump Media denies plan to buy $3bn of crypto
* Bitcoin Vegas begins today
* Strategy acquires $427m BTC
* Blockchain Group issues EUR63m bond to buy BTC
* Onchain proof-of-reserves a bad idea: Saylor
* Florida could end cap gains tax on crypto, stocks
* SUI to allocate $10m for security
* Circle files for IPO, denies sale talks
* SBF’s sentence to be reduced by 4+ years
* Tom Brady invests in Catena Labs
* Alpaca Finance to wind down
* Meteora now top fee generating dApp on SOL
* Bitlayer collabs with major mining pools on BitVM
* Thailand to integrate crypto payments for services
Macro & General
* NASDAQ: 18.7k (0%), Gold: 3300 (-2%)
* Short interest in S&P 500 stocks at 5yr high
* Money market funds AUM hits $7.2T, new ATH
* Delinquencies in US rising across the board
* 67% expect higher unemployment in US in 1 year
* Japan loses largest creditor status to Germany
* Japan to inject JPY90b relief package in economy
* Japan could tweak bond issuance plan
* BoJ still eyeing more rate hikes, JPY boost
* Trump wants Gaza war to end ASAP
* Israel rejects US-backed 60-day ceasefire plan
* Germany supports Ukraine strikes in deep Russia
* Tesla Europe sales plunge 49%
Left Curve Corner
* Hot coins: SOPH, INPRINT, AWAWA, UNKNOWN
* Hot NFTs: Bad Bunnz, KAITO Genesis, Captainz
* JUP surges amid expansion and BTC tailwinds
* YEET & LOUD both see large mindshare on Kaito
* Rekt Brands teases US event in June
* Bad Bunnz NFTs up 170% as MegaETH play
* HumaFinance launches at $630m, Kaito users benefit
* Binance launches ‘Live Trading’ streaming feature
@YEET: Crypto’s Casino
Just passed $110m in lifetime volume!
gm
