🟥 Things I’m looking at today 🟥

Bitcoin’s highest weekly close, Moody’s downgrades US, mini-crash hits alts

Crypto

* BTC: 102.8k (-1%), ETH: 2410 (-7%), SOL: 161 (-6%)

* Top Gainers: XMR, KCS

* BTC ETFs: +$261mn, ETH ETFs: +$22mn

* Crypto has mini-crash after BTC hits $107.1k

* BTC weekly close at $106.5k, highest in history

* US Senate may vote on GENIUS Act today

* Basel Medical Group may buy $1bn BTC

* Metaplanet buys another $104m BTC

* Fed Bank of NY, BIS testing smart contracts

* Alt seasonn in summer or early 3Q: Hayes

* 14 US states hold $632m of Strategy stock

* Fifth Third to expand further in crypto

* Crypto whales ramping up security: Bloomberg

* France offers crypto entrepreneurs extra security

* MetaMask to support SOL from this month: CEO

* Phantom launches its SOL LST product (PSOL)

* DeFi Development Corp up 75% after BONK collab

* Former Celsius CEO gets 12 years in prison

* Blum co-founder arrested in Russia for fraud

* UK asks crypto firms to report user, transaction data

Macro & General

* NASDAQ: 19.2k (+1%), Gold: 3234 (+2%)

* This week: Global PMI, April Home sales

* Moodys downgrades US credit rating to Aa1

* I don't put much credence in Moodys: Bessent

* US 10y yield heads above 4.5%

* Trump to announce new tariffs within weeks

* 78% of S&P 500 stocks above 50 DMA

* Consumer Expectations hits lowest since 1980

* Inflation expectations hit 7.3% in 12 months

* Trump tax bill advances after deal on medicaid

* Trump unveils $200bn US-UAE deals

* Biden diagnosed with prostate cancer

* Japan 40 year yield at 20 year high

* UK now 2nd largest holder of US treasuries

* Lira hits all time low against dollar

* Russia-Ukraine begin peace talks

Left Curve Corner

* Hot coins: ITRUMP, STELLALOU, KIWI, NEKO

* Hot NFTs: Pudgy Penguins, Punks, Remilio

* CryptoPunk Zombie sold for 440 ETH

* Elon again changed X avatar to Kekius Maximus

* Believe App ecosystem pumps

* VIRTUAL outperforms sell-off in AI coins

gm