UTXOMacro

The path to rate cuts just got a lot narrower. Sticky oil + elevated yields = “higher for longer” as the base case. For those holding long-duration bonds, the math is no longer mathing..

BlackRock’s latest note nails it: yields jumped to ~4.56% as rate-cut pricing evaporated - nearing March 2026 highs. Oil is still well above pre-conflict levels, pouring gasoline on the global inflation fire.

U.S. 10-year Treasury yields climbed to ~4.56% as investors slammed the brakes on Fed rate-cut expectations. Middle East oil supply risks are keeping inflation alive and kicking. "Higher for longer" is officially back.

@WatcherGuru Prove it @realDonaldTrump

JUST IN: 🇺🇸 President Trump says he will not let other countries replace US as the Bitcoin & crypto "capital of the world." "It is a major industry, and we must protect it."

@Kalshi_Crypto Buying opportunity

BREAKING: Our traders forecast Bitcoin will crash to $54,000 this year

Bitcoin is boring (and that's ok). Down 38% from its all-time high and we’re back at $77k, a level first seen 18 months ago. Now is the time for accumulation.

JUST IN: Elon Musk's SpaceX discloses holding 18,712 $BTC worth over $1.4 billion.

Corporate treasuries with multi-year conviction don't sell on a bad Monday. Strategy's $2.01B purchase signals that the bid under Bitcoin is not retail. It is balance sheets. That changes the floor dynamics.

The divergence tells the story.. ETF outflows reflect short-term traders rotating out. Strategy and STRC shareholders)are buying the dip and these long-term holders are unlikely to sell (hard to beat 11.5%)

@Strategy bought 24,869 BTC for $2.01 billion on Monday. While Bitcoin ETFs shed $648 million in outflows.

What matters more for AI infrastructure right now: chip or energy supply?

10 gigawatts is not a product announcement. It is infrastructure at civilization scale. If Nvidia clears $1.70 EPS tomorrow, the compute arms race accelerates. Energy and data center capital allocation will follow. There is no ceiling in sight.

Nvidia reports earnings Wednesday. Analysts forecast $1.70 EPS, up 121% from $0.77 a year ago. The AI infrastructure buildout is not slowing.

$628 Billion in 7 Months: The U.S. Interest Bill Now Exceeds Medicare — via @UTXOMacro utxomacro.com/articles

Anthropic hits $30B ARR. 67% of Fortune 500 now running AI agents in production. Early adopters seeing 20-40% productivity lifts.

BREAKING: Bitcoin has dropped below $77,000 for the first time since May 1st. It is now down $1,600 in the last 4 hours, wiping out $33.18 billion from its market cap. $551.68M worth of longs have been liquidated over the same period.

Is your job safe from AI agents? Follow @UTXOMacro for daily Bitcoin, macro, and AI breakdowns.

Managers are being cut because AI gives every worker the knowledge that once required a supervisory layer. This is structural, not cyclical. White-collar compression is accelerating faster than anyone modeled.

@gitlab is restructuring its entire workforce around what CEO Bill Staples calls the "agentic era." Total cuts to be announced on June 2. AI is reshaping org charts in real time. #AI #Jobs