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GM Legends âïžđ Next week will be bullish af đ„
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đš Trump criticizes the EU & Apple â starting in June, he wants to impose 50% tariffs on EU goods and 25% on iPhones if they are not made in the USA. The market reacts immediately and negatively. đ
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đš Major US Banks Plan Their Own Stablecoin! According to the Wall Street Journal, JPMorgan, Bank of America, Citigroup, and Wells Fargo & Co. are exploring a joint stablecoin project. Goal: To build an interoperable, cross-bank payment system based on blockchain âïžâïž â Talks are still in the early stages, but traditional finance giants are taking crypto infrastructure more seriously đŒđ» â While they focus on centralization and control đŠ, Bitcoin remains the open and decentralized alternative âïžâż â The race for the future of money has begun đđ°
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$223M HACKED â CETUS PROTOCOL UNDER FIRE đšđž A hacker stole ~$223M from Cetus Protocol today. đ„ $162M has been frozen - but wait⊠đ€ âHow do you freeze $160M on a decentralized network?â Turns out: đłïž Emergency validator vote made it possible. đ Transparency badly needed. Cetus teamed up with Sui Foundation, DeFi protocols & validators. đ Txs from hacked wallets are blocked - security or censorship? âïž Recovery in progressâŠ
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Still no retail investors in sight â even with Bitcoin hitting new all-time highs. đ â Wallets holding less than 1 BTC (so-called âshrimpsâ) are at their lowest level since 2021: âą 2021 ATH: ~590,000 âą April 2024 ATH: ~490,000 âą Today: only ~260,000 Weâre currently seeing very little retail FOMO, and network activity remains weak. â Possible reasons could be that small investors prefer to buy ETFs or are avoiding self-custody. đ€
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