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IT IS NOW THE 5TH LARGEST ASSET BY MARKET CAP.
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I THINK IT'S THE CALM BEFORE THE STORM FOR #ALTS ๐ HOW MANY OF YOU AGREE?
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Good morning fam โฅ๏ธ Here is the top news of the week ๐๐๏ธ ๐ #Bitcoin reached a new all-time high of $111,970. ๐ #Trump recommended a 50% tariff on the European Union starting June 1st. ๐ Michael Saylor's 'Strategy' bought 7,390 Bitcoin worth $765 million. ๐ Bitcoin surpassed Amazon to become the 5th largest asset in the world by market cap. ๐ Trump said the US is dominating in Bitcoin and crypto, and we are going to keep it that way. ๐ ๐ฏ๐ต Metaplanet bought another 1004 Bitcoin worth $104 million. ๐ Michael Saylor's 'Strategy' to raise $2.1 billion to purchase more Bitcoin. ๐ FIFA signed a partnership with Avalanche $AVAX to build its own blockchain. ๐ ๐ฎ๐ณ India's Supreme Court said crypto should be regulated, not banned. ๐ Argentina President Javier Milei shut down the unit investigating the Libra crypto scandal. ๐ Jim Cramer suggested buying Bitcoin as a hedge against excessive government borrowing. ๐ Trump said iPhones not made in the US will face a 25% tariff. ๐ ๐บ๐ธ JPMorgan, Bank of America, Wells Fargo, Citigroup and other major US banks explore creating a joint crypto stablecoin. ๐ $4 trillion asset manager JPMorgan to allow clients to buy Bitcoin. ๐ ๐บ๐ธ Texas House officially passed the Strategic Bitcoin Reserve Bill SB21. ๐ Elon Musk said he is moving forward with lawsuit against OpenAI. ๐ ๐บ๐ธ Kraken to offer tokenized US stocks to users worldwide. ๐ Class action lawsuit filed against Michael Saylor's 'Strategy,' alleging misleading statements about its Bitcoin strategy. ๐ ๐บ๐ธ Senator Cynthia Lummis said Americans are ready to update US gold reserves with Bitcoin. ๐ Standard Chartered Bank said SEC data supports Bitcoin reaching $500,000 by 2028. ๐ Mihailo Bjelic steps down, becoming the third Polygon co-founder to leave since 2023. ๐ US Government launched an investigation into Coinbase customer data theft. ๐ JPMorgan CEO Jamie Dimon said "I am not a fan of Bitcoin." ๐ Blum Co-Founder Vladimir Smerkis Arrested For Suspicion of Fraud.
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THE HYPERLIQUID WHALE IS BETTING BIG ON BTC ๐จ The 40x Hyperliquid whale closed the $ETH and $SOL positions and increased his BTC long position size. Now his BTC position size is $1,241,948,642. Currently $BTC is trading at ~$109k. The liquidation price is $105,100. Will this whale get liquidated, or will BTC pump to $115k next? ๐
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WHATโS REALLY HAPPENING AT @0xPolygon? Mihailo Bjelic steps down, becoming the third #Polygon co-founder to leave since 2023. Since last year, 3 of the OG co-founders have left: โ Jaynti Kanani (Oct 2023) โ Anurag Arjun (early 2023) โ And now, Mihailo Bjelic Mihailo said โvisions started to divergeโ, but when 3 co-founders leave one after another, Something feels fishy. ๐
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