🟥 Things I’m looking at today 🟥
Coinbase user data hacked, FTX repayments coming, bond yields soar
Crypto
* BTC: 103.5k (+1%), ETH: 2590 (+1%), SOL: 171 (-1%)
* Top Gainers: IP, EOS, BGB, HYPE, KCS
* BTC ETFs: +$115mn, ETH ETFs: -$40mn
* Hackers demand $20m after Coinbase data hacked
* SEC probes Coinbase on inflating user numbers
* FTX to begin $5b distribution on May 30
* Wisconsin Investment Board exits BTC ETF
* China’s DDC Enterprise to adopt BTC reserves
* China’s Addentax to buy 8k BTC
* Brazil’s Meliuz buys $28.4m BTC for reserve
* BTC to $1m, altcoins with products will win: Hayes
* BTC has more upside potential than gold: JPM
* SEC releases FAQs on broker-dealer transfer rules
* BlackRock integrates BUIDL with Euler
* Sonic Labs to liquidate Multichain Foundation
* Nasdaq grants extension on 21Shares DOT ETF
* ADA ETF approval 55% likely this year
* Tether’s freeze mechanism has loophole: AMLBot
* US DoJ indicts 12 for $263m crypto theft
* US DoJ to charge Tornado Cash’s Roman
* CoinMarketCap launches Pre-TGE project launchpad
Macro & General
* NASDAQ: 19.1k (0%), Gold: 3210 (0%)
* Global bond yields continue to trend higher
* Futures stable post 4-day S&P 500 rally
* 72% of S&P 500 stocks above 50 DMA
* PPI lower than expected
* Powell warns of high rates for longer due to tariffs
* Trade talks with US good: China
* US CDS spread near 2023 highs
* First time homebuyers in US at record low
* Student loan delinquencies skyrocket
* Trump raises $2.5T capital for US on Gulf trip
* UAE to invest $1.4T in US over next 10 years
* EU readies new trade proposal for the US
* Dimon continues to warn of US recession
* Belgium abandons phasing out nuclear power
Left Curve Corner
* Hot coins: USELESS, GORK, STARTUP, PECULE, XBT
* Hot NFTs: Pudgys, DX Terminal, Biome Lumina
* USELESS $35m, meme linked to Bonk launchpad
* Infinex announces Kaito rewards program
* Maplestory launches at $3b FDV
* Drifter Shoots arrested at gallery
* Frank DeGods sees wallet hacked, DeGods sold
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