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Weekly Market Wrap: Bullish Momentum Amid Volatility
Despite geopolitical tensions, BTC gained 7% this week, and the S&P 500 hit new all-time highs. Here is your weekly alpha:
🤑 Crypto Highlights
🔸 Mining: Tom Lee’s Bitmine reports a $3.82B Q1 loss; public miners sold 32k BTC in Q1.
🔸 Updates: Twitter (X) launches Cashtags (price charts & feeds); Tether debuts its own multi-asset wallet (USDT, BTC, etc.).
🔸 Drama: Justin Sun labels the Trump family's WLFI project a "scam" due to restrictive unlock terms.
🏦 Exchanges & Institutional
🔸 M&A: Deutsche Börse invests $200M in Kraken; Kraken files for a confidential IPO and buys Bitnomial for $550M.
🔸 Binance: Completed quarterly BNB burn worth $1.02B.
🪙 Global Finance & Energy
🔸 Macro: China exits 3-year PPI deflation; OPEC cuts oil demand forecast by 500k bpd due to conflict in Iran.
🔸 Big Tech: Amazon acquires Globalstar for $11.5B to challenge Starlink.
⚖️ Regulation & Tech
🔸 Policy: Pakistan lifts its 8-year crypto ban; SEC removes day-trading restrictions for accounts under $25k.
🔸 Innovation: Elon Musk completes AI5 chip; OpenAI drops GPT-5.4-Cyber; Nvidia unveils Lyra 2.0.
🚨 Security Alerts
🔸 Exploits: Kelp DAO lost $292M (year’s largest DeFi hack); Grinex exchange hacked for $13M; Fake Ledger app in App Store stolen $9.5M.
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By SmartAsset #smartasset #Highlights