PIV Fund

Sunday Market
Bitcoin -1% $101,000
Gold +1% $3,416

From @theallinpod episode of this week:
@DavidSacks: Tether will have 3 years to move onshore under this act, but the bottom line is they will have to operate in the united states.

Stable coin issuers can’t pass interest to holders—a compromise for the banks. Maybe that changes one day.

@Chamath: "You know the Tether's founder is Italian."

What a CRYPTO MONDAY:
1. @Strategy (MicroStrategy) Bought 10,100 BTC
2. @Metaplanet_JP bought 1,112 BTC for $117.2 million
3. @CoinSharesCo files its S-1 application for a Spot SOL ETF.
4. Crypto group TRON @trondao to go public
5. Truth Social files for TRUTH SOCIAL BITCOIN AND ETHEREUM ETF

1H AFTER ISRAEL STRIKE IN IRAN
> Nasdaq -1.9%
> Bitcoin -2.5%, 103,000
> Gold +1.1%, to $3,422

BlackRock is into crypto concept Real World Assets (RWA) and aims to be the leader.

Its total crypto AUM : $79.5B
(As of today: IBIT $72B, ETHA $4.5B, BUIDL: $2.9B)

Also manages $35B worth of Circle Reserve Fund

Investment Memos Today
from Jeffrey Gundlach @DLineCap

no offense, but the $5M card gives off more $5 promo coupon vibes.

What can be inferred from candlestick technical analysis?

Year 2 – Week 22 of Spot Ether ETFs
Net Flow: $281 million
Volume: $2.2 billion

- @BlackRock: +$249 million inflow (4-week inflow streak, totaling $657 million)
- @Grayscale Mini: +$25 million inflow (8-week inflow streak, totaling $126 million)

Bitcoin $105,555

🤙 or 👋

The “Bitcoin-like” X Chat is rolling out. @elonmusk @X

CIRCLE CURRENT: $89 (STARTS TRADING AT $66, VS IPO PRICE $31)

U.S. Dollar Index staying below 99 looks inevitable.

👀
what’s the next big shot?

Gold gains +1.5% to $3,280.
(Bitcoin and gold have shown a strong negative correlation since April 21.)

5/19 Pre-Market
- Bitcoin down -3,2% to 103,000
- DXY down -0.7% to 100.1
- SPX down -1.1%
- Nasdaq down -1.5%
- VIX jumps +13% to 19.5%
- US 10-Year Treasury and 30-Year Treasury gain +2.5% to 4.55% and 5.02%

Noticing short-term risk, consider cutting leverage or staying put.

Following positive news about US-China trade talks,
Nasdaq 100 futures + 2%
Gold -1.9%
Bitcoin +1.3% (Over the weekend)

BlackRock increases its position in the iShares Bitcoin ETF by 124%, bringing its total holdings to $314 million.