VirtualBacon

I'm a Crypto angel investor since 2017 having invested in 100+ startups. Many failures, few unicorns. Follow me for👇 Narratives and Guides: youtube.com/virtualbacon0x Trading Alpha: t.me/vb_trade Community: virtualbacon.com

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 April US #CPI rose to 3.8% YoY, above the 3.7% consensus and the hottest print since May 2023. Core CPI accelerated to 2.8% from 2.6%. The Iran oil shock drove the print; June Fed-cut odds are pricing tighter. 🔸 Senate voted 49-44 to invoke cloture on Kevin Warsh's Fed nomination Monday; Fetterman and Coons crossed. Board + Chair confirmation votes are scheduled today 11:30 AM ET, ahead of Powell's term ending Friday. 🔸 Jensen Huang was not invited on Trump's Beijing delegation this week. White House focused on agriculture and Boeing orders. Nvidia views China as a $50B AI chip opportunity, but export controls remain in place. #AI 🔸 Ilya Sutskever testified Monday his OpenAI stake is worth ~$7B and that he spent about a year gathering evidence of Altman dishonesty for the board before the Nov 2023 ouster. Musk is seeking $150B in damages. 🔸 OpenAI capped revenue-sharing payments to Microsoft at $38B, down from a potential $135B through 2030, per The Information. The revised deal is meant to make OpenAI's pitch more attractive ahead of a possible IPO. 🔸 Michael Burry warned the Nasdaq 100 is in "parabolic" territory and pegs real P/E at 43x vs the 30x Wall Street touts. The "Big Short" investor called it "the scene of the bloody car crash, minutes before it happens." 🪙Crypto Updates: 🔸 Ripple Prime closed a $200M debt facility with Neuberger Specialty Finance, Neuberger Berman's asset-based lending arm, to expand institutional margin lending across equities, FX, and digital assets. #XRP 🔸 Strategy bought 535 BTC for $43M last week at an average price of $80,340, per its SEC 8-K filed May 11. Total holdings now stand at 576,230 BTC with an average cost basis of $42,415 per coin. 🔸 Senate Banking released the CLARITY Act draft text past midnight. Section 105 would permanently exempt Bitcoin and Ethereum from SEC securities law. Committee markup is scheduled Thursday May 14 at 10:30 AM ET. 🔸 Ray Dalio said Bitcoin won't get central bank reserve adoption because of its full transparency. The Bridgewater founder flagged BTC's correlation with tech stocks and small market cap vs gold as further disadvantages. 🔸 MARA sold $1.5B of its Bitcoin in Q1 as the miner pivots to AI infrastructure. The shift positions MARA around power, data centers, and AI demand even as it called Bitcoin its operational foundation. 🔸 Solana's Alpenglow upgrade, the biggest consensus overhaul in SOL's history, went live for testing this week. The upgrade replaces TowerBFT to push block finality below the current 12.8 second window.

@injective @cosmoshub @dYdX @USDC tbh injective should just take over cosmos would be cool

Injective USDC is coming to @cosmoshub and @dYdX as the canonical stablecoin standard. One of the largest blockchains and one of the largest perp DEXs in history. Every @USDC on both, will start with Injective USDC. Coming Soon. ⏳️

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Trump rejected Iran’s peace proposal as "TOTALLY UNACCEPTABLE." Brent crude spiked +4.11% to $105.45 at Asian Monday open; WTI +4.59% to ~$99.80. Indian rupee -0.75% to 95.19. Hormuz "largely closed." #Iran 🔸 Cerebras raised its IPO price range to $150-160/share, 20x oversubscribed on 30M shares. At the top of range, the $4.8B AI chipmaker IPO would be the largest in years. Pricing Tuesday May 13. #AI 🔸 HSBC raised its 2026 S&P 500 year-end target to ~7,650 (+3.4% from Friday’s 7,398.93 close); 2026 EPS growth ~20% / $325; Mag7 keeps driving gains. Q1 S&P 500 earnings tracking +29% YoY. 🔸 Big Tech debt-funds the AI arms race: Alphabet weighing its first-ever yen bond; Amazon prepping Swiss franc bonds. Big Tech AI capex jumps to ~$700B in 2026 from $410B in 2025. 🔸 PIMCO warns the Iran war could force the Fed to raise rates, a contra-consensus call. The world’s largest bond fund says oil-driven inflation could flip the rate path from cuts to hikes. 🔸 Musk vs. OpenAI trial opened in Oakland federal court Monday. A blunt judge and star legal teams are weighing whether OpenAI’s nonprofit-to-for-profit conversion can proceed. WSJ profiled the key players. 🪙Crypto Updates: 🔸 South Korea passed new crypto FX rules: cross-border transfers under regulatory oversight. National Assembly confirmed crypto gains taxed from January 1, 2027. Top-5 global retail crypto market. #crypto 🔸 SUI surged ~50% over the trailing week after Nasdaq-listed SUI Group Holdings (SUIG) staked 108.7M SUI tokens (2.7% of supply). Mysten Labs announced zero-fee stablecoin transfers at Consensus 2026 Miami. 🔸 Circle closed a $222M institutional presale for its Arc blockchain at a $3B FDV. a16z led with $75M; BlackRock, Apollo, ICE (NYSE parent), Standard Chartered, and ARK Invest joined the round. #BlackRock 🔸 BlackRock filed for two tokenized money market funds on Ethereum: a stablecoin reserve vehicle and on-chain shares of its $6.9B BSTBL fund. Builds on $2.9B BUIDL, 40% of the tokenized Treasury market. 🔸 Canton Network’s Digital Asset Holdings is raising ~$300M at a $2B valuation, led by a16z crypto, Bloomberg reported. Canton runs settlement rails for major financial institutions; round expected to close in weeks. 🔸 Polymarket’s "Trump visits China by May 31" YES odds surged to ~95% (from 76% a week ago) after Politico confirmed the May 14-15 Beijing summit. Daily volume $852K USDC.

Big week. CPI Tuesday, Trump-Xi summit Thu-Fri, Warsh becomes Fed Chair Friday. Warsh is the one I'm actually watching. Powell's last day and a brand new tone takes over the FOMC. The transition itself is priced in. The statement is what matters.

80K isn't the breakout, it's the middle of the range. 85K is where I expect rejection on first touch. Even if we push through to 90K, that's still 6% short of 96K which is the 50W SMA and the actual bull confirmation. Downside is 76K, the higher low. Lose it and the daily uptrend breaks. Back below 70K, probably mid-60s. Between 76 and 85 is a no-trade zone for me. Holding spot.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍 Market Overview: 🔸 US forces disabled two Iranian oil tankers May 8 after Iran fired on US Navy ships; Iran launched 2 ballistic missiles and 3 drones at the UAE, injuring 3 people. Brent crude rebounded 1.4% to $101/bbl. #Iran 🔸 The S&P 500 extended its winning streak to 6 consecutive weeks, powered by a semiconductor melt-up: Intel +239% YTD, Sandisk +558%, adding $3.8T in semis market cap over 6 weeks. 🔸 Anthropic is weighing a $50B funding round at a ~$900B pre-money valuation, per the FT, as revenue hit ~$45B annualized (5x from $9B end-2024), which would put it ahead of OpenAI's $852B post-money mark. #AI 🔸 Trump Media (DJT) reported a $405.9M Q1 net loss, up from $31.7M a year ago, on $244M in unrealized Bitcoin markdowns plus $108M in equity losses. Holds 9,542 BTC at $1.13B cost basis vs ~$770M fair value. 🔸 AWS Northern Virginia data center overheated Friday, knocking out trading on Coinbase and disrupting FanDuel; AWS confirmed power loss in the use1-az4 zone. Second AWS major outage in 6 months. 🔸 Bloomberg: S&P 500 Q1 earnings grew 27% YoY, more than double the 12% consensus, with all 11 sectors expanding. Mag 7 profits surged 57% vs 17% for the rest of the index. Backstops record-streak rally. 🪙 Crypto Updates: 🔸 Bitcoin miner TeraWulf posted a $427M Q1 net loss (vs $61.4M a year ago) as it pivots to AI: HPC lease revenue jumped 117% q/q to $21M (60% of $34M total), while mining revenue fell 50% to $13M. #Bitcoin 🔸 Judge Margaret Garnett cleared Aave May 9 to move $71M in frozen ETH from the Lazarus Group rsETH exploit, modifying a restraining order while preserving the terrorism creditors' $877M North Korea claim. 🔸 Ondo Finance filed an SEC no-action letter for its Ondo Global Markets product, seeking clearance to record tokenized-stock entitlements on Ethereum mainnet via BitGo custody, and joined a DTCC tokenization consortium. 🔸 LayerZero issued a public apology for the Kelp DAO rsETH exploit fallout; Kelp DAO announced it would become the first major protocol to fully depart the LayerZero messaging stack. 🔸 Coinbase and AWS launched x402, an open HTTP 402 protocol for autonomous AI-agent USDC payment rails. Coinbase reports the protocol has cleared 169M+ payments across 590K buyers and 100K sellers. 🔸 Aptos Foundation and Aptos Labs committed $50M to AI-agent infrastructure, funding sub-second-finality products like Decibel (onchain perps DEX) and Shelby (decentralized storage for AI workloads).

the crowd is getting venice pilled

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Trump-Xi summit set May 14-15 in Beijing, first leaders' meeting since late 2025. Bessent briefed Vice Premier He Lifeng on Apr 30. China April exports +14.1% YoY, $84.8B trade surplus. #tariffs 🔸 S&P 500 call options notional hit a record $2.6T on May 7, with calls ~60% of activity and Goldman warning of "semi-irrational chasing" on a 1999-era semi-RSI. Gamma squeeze risk if positioning unwinds. 🔸 Bloomberg: US suspects Bangkok-based OBON Corp helped smuggle billions in Super Micro servers with NVIDIA chips into China, Alibaba among end-customers. Builds on March DOJ case alleging $2.5B routed via Taiwan. 🔸 TSMC April revenue NT$410.73B ($13.1B), +17.5% YoY, highest April on record. Jan-Apr cumulative +29.9% YoY. AI infrastructure demand persistent despite softer smartphone end-markets. 🔸 WSJ: Apple and Intel reached a preliminary deal for Intel to make chips for some Apple devices, talks that ran more than a year. Intel +15%, Apple +1.7% on May 8 close; US gov is Intel's largest shareholder. 🔸 Cloudflare (NET) closed -23.5% Friday at $196.56 despite a Q1 beat ($639.8M revenue, +34% YoY), after CEO Matthew Prince announced 20% workforce layoffs (~1,100 jobs) for an "agentic AI-first" pivot. #AI 🪙Crypto Updates: 🔸 Senate Banking Committee scheduled markup of the CLARITY Act for Thursday May 14, the committee-level vote advancing crypto market-structure legislation to the full Senate floor. #CLARITY #crypto 🔸 Coinbase (COIN) rebounded ~10% from post-Q1-miss lows as altcoins ICP, NEAR, SUI, UNI, and LINK led the strongest 48h broad-altcoin move in three weeks. BTC held above $80K through the session. #crypto 🔸 Manhattan federal judge Margaret Garnett cleared Aave to move ~$71M in ETH that had been frozen after attribution to North Korea's Lazarus Group, the same actor behind April's $292M Kelp rsETH exploit. 🔸 Tether sued Brazil's Titan Holding (Daniel Vorcaro / Master Group) in São Paulo for a defaulted $300M loan issued March 2025 by Tether Investments. Tether is requesting asset freezes; loan was outside USDT reserves. 🔸 SEC Chair Atkins, at Consensus Miami, signaled new rules for onchain markets: a vault-custody category, alt-ATS paths for onchain trading systems, and bespoke oversight for blockchain settlement. 🔸 Solv Protocol migrated $700M+ in wrapped-Bitcoin assets from LayerZero to Chainlink CCIP, citing security concerns following the April Kelp DAO exploit blamed on a 1-of-1 LayerZero verifier setup. #Bitcoin

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 April US jobs beat: +115K vs +62K est, with March revised up to +185K. Unemployment held 4.3%, wages eased to 0.2% MoM. Labor still hiring through tariffs, which trims June Fed-cut odds. #NFP 🔸 The DOJ and CFTC are reviewing $2.6B in oil futures trades placed minutes before Trump's Iran announcements: $500M on Mar 23, $960M on Apr 7, $760M on Apr 17, per ABC News. 🔸 CoreWeave Q1 revenue $2.08B, up 112% YoY. Backlog hit $99.4B, nearly 50% higher q/q. Net loss $740M and 2026 capex guide $31-35B sent CRWV down 5% AH. FY guide reaffirmed at $12-13B. #AI 🔸 Trump set a July 4 deadline for the EU to comply with the trade deal or face 25% tariffs on cars and trucks, up from 15%. Autos are 8% of US-EU trade. Came after a call with EC President von der Leyen. 🔸 ARM Q4 set a record $1.49B revenue but the stock fell 5% on AI chip supply constraints. CEO Rene Haas said only $1B of $2B+ AI chip demand has secured supply. Smartphone chip sales also turning negative. 🔸 Apple has pulled high-RAM Mac mini and Mac Studio configs as the memory crunch continues. Higher-tier options gone, shipping delays elsewhere stretching into months. AI servers are eating global DRAM. 🪙Crypto Updates: 🔸 The White House targets July 4 for Congress to pass the Digital Asset Market Clarity Act, said Patrick Witt at Consensus Miami. Senate Banking markup this month, full Senate June, House before Independence Day. 🔸 #Coinbase Q1 missed: revenue $1.41B (vs $1.49B est), EPS -$1.49. But market share hit a record 8.6%, derivatives volume +169% YoY, and prediction markets ARR crossed $100M in under 2 months. COIN -5% AH. 🔸 Ondo, Ripple, JPMorgan, and Mastercard settled the first cross-border tokenized US Treasury redemption on the XRP Ledger in under 5 seconds, May 6. Fiat delivered to a Singapore bank outside banking hours. #crypto 🔸 Germany's Finance Minister Lars Klingbeil moved to scrap the 1-year tax-free crypto holding rule, replacing it with a flat 25% capital gains tax from 2027. Targets €2B+ in fresh revenue. Fourth attempt in 18 months. 🔸 Nasdaq President Tal Cohen said the SEC's more proactive stance lets market operators experiment with blockchain infrastructure and tokenized assets. Nasdaq is investing in always-on market infrastructure. 🔸 Bitcoin treasury firms outlined a $3 trillion BTC-backed digital-credit market at Consensus Miami. About $10B has already been issued, framed as the next institutional unlock after spot BTC ETFs.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Anthropic signed with SpaceX for the full Colossus 1 data center in Memphis, 220K NVIDIA GPUs and 300MW online within the month. Lifts Claude 5-hour rate caps. Also targeting orbital AI compute. 🔸 Apple agreed to a $250M class-action settlement Tuesday over Apple Intelligence Siri features it marketed but never shipped. ~37M iPhone 15/16 owners eligible for $25-$95 per device. 🔸 CoreWeave (CRWV) reports Q1 after close, the first earnings since its rally turned the AI infrastructure pure-play into a "prove-it" moment. Bloomberg flags compute-demand and capex-coverage as the keys to watch. 🔸 Coinbase reports Q1 earnings tonight after close. Q4 revenue was $2.27B with $1.29B in transaction revenue; Street is watching ETH-staking, USDC interest income, and 2026 user growth guidance. 🔸 Paul Tudor Jones told CNBC there is "no chance" Warsh gets the Fed to cut rates, even if confirmed. The Tudor founder also said the AI bull market has "another year or two to run" before excess. 🔸 EU is weighing restrictions on US cloud platforms for processing sensitive government data, per CNBC sources. Targets AWS, Azure, and GCP, citing sovereignty concerns under the Trump administration. 🪙Crypto Updates: 🔸 Morgan Stanley launched a crypto trading pilot on E*Trade at just 50 bps per trade, undercutting Coinbase, Robinhood, and Schwab. All 8.6M E*Trade clients get access this year, BTC, ETH, SOL at launch. 🔸 Kraken parent Payward agreed to buy Hong Kong-based stablecoin payments firm Reap for $600M cash and stock, per Bloomberg. The deal values Payward at $20B and pushes Kraken deeper into Asia and stablecoin rails. 🔸 Hut 8 stock hit an all-time high near $107, up 33% intraday, after signing a $9.8B AI data center lease that brings total contracted AI capacity to 597MW and aggregate base-term value to $16.8B. 🔸 BNY Mellon, the world's largest custodian bank with over $52T in assets, is expanding crypto custody in Abu Dhabi via partners Finstreet and ADI Foundation, starting with BTC and ETH then stablecoins. 🔸 White House crypto adviser Patrick Witt told Consensus Miami the Strategic Bitcoin Reserve announcement is coming "in the next few weeks," covering operational structure and legal framework ahead of any bill. 🔸 CME Group will launch cash-settled Bitcoin volatility futures (ticker BVI) on June 1, settling to its 30-day implied vol index. Lets traders hedge BTC vol without taking a directional price bet. #Bitcoin #Crypto #Markets

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 US-Iran framework deal close. Brent plunged 9.2% to $99.79, first close below $100 since April 22. Pentagon ended Operation Epic Fury, Trump paused Project Freedom naval escort. 🔸 AMD Q1 revenue $10.3B, up 38% YoY (beat $9.85B est). Data center segment $5.8B, up 57% on AI demand. Q2 guide $11.2B, +46% YoY. Stock surged 20% intraday, best post-earnings move in seven years. 🔸 Super Micro Q3 revenue $10.2B, up 123% YoY. AI GPU platforms above 80% of revenue. Q4 guide $11-12.5B, full-year target $40B. Stock jumped 19% after-hours despite ongoing legal overhang. 🔸 Strategy Q1 net loss $12.54B on $14.46B unrealized BTC mark-down after FASB fair-value adoption. Holdings reached 818,334 BTC ($66.4B NAV) at average cost $75,532. Bought 89,599 BTC in Q1. 🔸 ADP April private payrolls rose 109K, a step up from March's 62K. Annual pay growth slowed to 4.4% from 4.5%. Sets the tone for BLS nonfarm payrolls Friday. 🔸 OpenAI considered splitting before its IPO, per WSJ. Plan would spin off robotics and consumer hardware for a leaner ChatGPT pitch. Lawyers killed it because spinoffs would still appear on the books. 🪙Crypto Updates: 🔸 Coinbase cut 14% of staff (~700 jobs), CEO Brian Armstrong's fourth round since 2022. Crypto cycle volatility plus AI productivity gains drove the call. Joins 2026 layoff wave with Algorand, Gemini, OP Labs. 🔸 Kelp DAO publicly accused LayerZero personnel of approving the 1-of-1 verifier setup blamed for the April $292M rsETH hack tied to Lazarus Group. Kelp is migrating to Chainlink CCIP. 🔸 Saylor told Strategy's Q1 call the company will probably sell some Bitcoin to fund dividends if needed, breaking from its long-standing "never sell" stance. MSTR -4% AH, BTC dipped below $81K on the comment. 🔸 Canada's first regulated CAD stablecoin CADD launched via Tetra Trust with National Bank, Shopify, and Wealthsimple as backers. Visa and Wealthsimple separately started Canada's first USDC settlement pilot. 🔸 Drift unveiled a recovery plan for the $295M April 1 Lazarus-linked exploit. Pool seeded with Tether's $127.5M, $20M from partners, plus quarterly revenue. Recovery tokens redeem $1 each of verified loss. 🔸 Zcash spiked 40% to $600, briefly flipping Monero. Multicoin disclosed a significant ZEC position, pitching privacy as defense against rising state-level wealth visibility. Shorts took $62M in liquidations. #Bitcoin #Crypto #Markets

Bitcoin's up 21% since March. S&P at all-time highs. Gold is down 13%. Here's why gold is the asset most likely to catch up next. #Gold #Bitcoin #Macro

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Iran launched drone strikes on UAE's Fujairah oil hub Monday, the most serious escalation since the April ceasefire. Brent settled 5.8% higher at $114.44, its highest level since 2022. 🔸 Wall Street's 5-week record streak ended Monday on the Iran spike. The Dow shed 557 points to 48,941.90, the S&P 500 closed -0.41% at 7,200.75, and the 10-year yield rose 6 bps to 4.438%. 🔸 ISM Services PMI for April printed 53.6% Tuesday morning, the 22nd consecutive month of expansion but down 0.4 from March's 54.0 and slightly below the 53.7 consensus. 🔸 Google DeepMind, Microsoft, and Elon Musk's xAI signed agreements with Commerce's CAISI giving the US government pre-deployment access to frontier AI models. CAISI has run 40+ such evaluations to date. 🔸 Anthropic's annualized revenue run rate hit $44B+ per a fresh SemiAnalysis report, up from $30B in early April. Claude Code alone reportedly clears $2.5B ARR. 🔸 GameStop made an unsolicited $55.5B bid for eBay at $125 per share, a 46% premium to eBay's Feb 4 close. Ryan Cohen built a 5% economic stake before announcing the cash-and-stock offer. 🪙Crypto Updates: 🔸 Securitize received FINRA approval to custody, underwrite, and atomically settle tokenized securities inside a single broker-dealer, the first firm with full-stack on-chain IPO infrastructure. 🔸 World Liberty Financial countersued Justin Sun in Miami-Dade court Monday for defamation, alleging Sun moved $300M to Binance to short WLFI and ran a public smear campaign. Sun called it "a meritless PR stunt." 🔸 Pavel Durov said Telegram will soon take over from the TON Foundation as the driving force behind TON, also becoming the network's largest validator. TON jumped 23% to a 4-month high on the announcement. 🔸 Bullish (NYSE: BLSH) is acquiring Equiniti from Siris in a $4.2B deal, creating the global transfer agent for tokenized securities. Equiniti serves 3,000 issuers and processes $500B in annual payments. 🔸 Bitmine bought 101,745 ETH for ~$238M last week, the third straight week above 100K tokens. Holdings now top 5.18M ETH, about 4.29% of supply, on a 5% target. 🔸 Roundhill, Bitwise, and GraniteShares missed their May 5 prediction-market ETF effective date. The SEC requested more information on product structure and disclosures, pushing the launch back. #Bitcoin #Crypto #Markets

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Brent fell to ~$110 Monday, the 3rd session of declines, as Trump launched "Project Freedom," a US naval operation to escort stranded ships out of the Iran-blockaded Strait of Hormuz starting today. 🔸 The Fed held 3.50-3.75% at its April 28-29 meeting. Miran dissented for a cut; Hammack, Kashkari, Logan dissented against easing bias. Full Senate Warsh vote week of May 11; Powell exits May 15. 🔸 Data-heavy week: ISM Services PMI Wednesday May 6, ADP private payrolls May 6, April NFP Friday May 8 at 8:30 ET. The last major reads before the June 16-17 FOMC. [FWD] 🔸 Meta acquired Assured Robot Intelligence on May 1 for an undisclosed sum, per Bloomberg. ARI builds foundation models for humanoid robots; team joins Meta's Superintelligence Labs alongside Meta Robotics Studio. 🔸 Strategy reports Q1 earnings tomorrow after the close. With BTC at $80K and 818,334 BTC at avg cost $75,537, the print is the largest BTC mark-to-market disclosure on record. Saylor paused buys ahead. [FWD] 🔸 Coinbase reports Q1 earnings Thursday May 7 after the close, the first full-quarter print since completing its Deribit acquisition. Trading volume and derivatives revenue are the key reads with BTC back at $80K. [FWD] 🪙Crypto Updates: 🔸 BTC broke $80K Monday for the first time since January 31, hitting ~$80,500 intraday per Bloomberg. The move triggered $179M in liquidations ($161M shorts). Spot ETFs took $630M Friday: BlackRock $284M, Fidelity $213M. 🔸 SEC delayed the first prediction-market ETFs from Roundhill, GraniteShares, and Bitwise on May 4 per Reuters. The 75-day auto-effective deadline expired; SEC requested more disclosure on product mechanics. 🔸 Kalshi posted $14.81B in April trading volume, a fresh monthly record. The exchange held 52% of US prediction-market share, with sports parlays driving the bulk of the activity. Polymarket trailed at $8.5B. 🔸 CLARITY Act stablecoin yield compromise was finalized May 1-2 (Tillis + Alsobrooks text). Coinbase + Circle + crypto trade groups backed it; Armstrong responded "Mark it up." Senate Banking markup week of May 11. 🔸 Tether posted $1.04B Q1 profit per its May 1 attestation. USDT circulation near $183B; reserves $191.8B include $141B US Treasuries, $20B gold, $7B BTC. Excess buffer hit a record $8.23B. 🔸 CME Group launched regulated SUI and AVAX futures Monday as scheduled, both standard and micro sizes. SUI joins BTC, ETH, SOL, ADA, LINK, and XLM in CME's regulated crypto derivatives suite. #Bitcoin #Crypto #Markets

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 OPEC+ agreed Sunday to raise June output 188K bpd, the third hike since Hormuz closed. Most of that oil still can't ship past the blockade, but it signals more supply when the Strait reopens. Brent ~. 🔸 OpenAI missed its Q1 internal revenue and user targets per WSJ. CFO Sarah Friar warned the firm could struggle to fund future compute contracts without faster growth. AI infrastructure names slipped on the news. 🔸 Senate Banking Committee voted 13-11 to advance Warsh's Fed Chair nomination Apr 29 along party lines. Full Senate floor vote expected week of May 11; Powell exits May 15. Warsh could be sworn in before then. 🔸 AMD reports Q1 2026 results Tuesday May 5 after market close. Analysts expect .84B in revenue and .27 EPS. Data-center AI chip guidance will be the key read for the broader AI infrastructure trade. 🔸 April NFP releases Thursday May 8 at 8:30 AM ET. March came in at +228K. The first post-Hormuz-conflict labor reading; any softening adds pressure on the Fed ahead of the June 16-17 FOMC. 🔸 ISM Services PMI for April and the Fed's Beige Book both land this week, two more data points before the June 16-17 FOMC decision. 🪙Crypto Updates: 🔸 Reuters investigation: Iran's Nobitex (11M users, 10%+ of population) was founded by sons of the Kharrazi clerical dynasty. Processed sanctioned transactions for the IRGC and Iran's central bank. 🔸 Solana co-founder Anatoly Yakovenko warned that accelerating AI development could break post-quantum cryptographic protections, leaving most cryptocurrencies vulnerable ahead of quantum-capable hardware. 🔸 Hyperliquid HIP-4 prediction market integration goes live Monday May 5, bringing on-chain election, sports, and macro outcome markets to the protocol. HYPE is on the active whitelist. 🔸 Coinbase and Glassnode's Q2 2026 "Charting Crypto" report (April 29) found 75% of global institutional investors view BTC as undervalued at current levels, little changed from December 2025's 71%. 🔸 BTC spot ETFs ended a 9-day inflow streak on April 27 with M in daily outflows per SoSoValue, as macro pressure from Iran tensions and a stronger dollar reversed the April rally flow. 🔸 Roundhill's 6 prediction-market ETFs go effective Monday May 5 per its SEC 485APOS filing. The lineup covers Democratic/Republican President (2028) plus Senate and House (2026 midterms). #Bitcoin #Crypto #Markets

12/x My positioning right now: 🔸80% $BTC: holding, not adding much at 79K. 🔸20% cash: waiting for altcoin + Bitcoin bottom conditions. 🔸Watching gold as the clearest catch-up trade. 🔸Overweight AI chips over broad market. Not trying to be a hero this month. Preservation first.

11/x The May catalyst calendar 📅 🔸May 5: AMD earnings. 🔸May 12: CPI print. 🔸May 15: Kevin Warsh's first appearance as Fed chair. 🔸May 15–22: Clarity Act final Senate deadline. 🔸May 20: Nvidia earnings. 🔸Late May: April core PCE print. Big month. Watch all of these.

Sell in May? Not so fast. My May 2026 Trade Plan🧵 Sell in May and go away is real but it doesn't apply to everything. April was a strong month across the board. But the setup heading into May is more nuanced than people think. Here are my three trades for May. 👇