🟥 Things I’m looking at today 🟥 BTC nears $100k, Ripple circles Circle, VIRTUAL above $1bn @YEET x Mando Minutes $10k prize this month to one email subscriber who signs up to YEET via Crypto * BTC: 96k (+1%), ETH: 1840 (+2%), SOL: 152 (+3%) * Top Gainers: VIRTUAL, CRV, FARTCOIN, S, HYPE * BTC ETFs: -$56mn, ETH ETFs: -$2mn * Crypto creeps higher, many altcoins see big gains * Circle rejects Ripple’s bid to buy it for $4-5bn * HYPE leads L1 gains depsite X being hacked * Tether preparing to launch stablecoin product in US * a16z urges SEC to reconsider view on staking * Metaplanet to open US arm, to raise $250m * Semler Scientific buys $15.7m BTC * SOL submits proposal for tokenisation of stocks * Stablecoin-backed Visa cards coming soon * SUI basecamp begins after huge rally, large unlock * Ethena collabs with TON to intro stablecoins * PENDLE to update fee structure tomorrow * Grayscale launches BTC Adopters ETF * Canary files with SEC for staked SEI ETF * WRLD scanners launching in 6 US cities * SGB launches platform for digital asset Macro & General * NASDAQ: 17.5k (0%), Gold: 3236 (-3%) * S&P 500 7 day winning streak, longest since Nov * US GDP contracted by -0.3% in Q1 * Stagflation fears grow as PCE Inflation higher * Recession odds soar to 70% on prediction markets * Markets fully price in 4 25bps rate cuts at end-2025 * Core Q1 GDP was ‘up’, despite ‘distortions’: Trump * This is Biden’s stock market, not mine: Trump * Best negative print for GDP I have seen: Navarro * Oil hits lowest closing price since Mar 2021 * US-Ukraine mineral deal has been signed * Chinese investors pile into gold funds at record pace * No ongoing US-China talks: Greer * Tesla denis looking for new CEO Left Curve Corner * Hot coins: REKT, gork, ETRUMP, SHADOW, HAEDAL * Hot NFTs: Gemesis, Moriusa, Mibera Maker * VIRTUAL $1.1bn, leads AI coins on new launchpad * REKT $45m, teases announcement for today * gork $35m, new AI meme originating from grok * SHADOW $15m, Sonic DEX on Binance Alpha * Magic Eden goes live on AVAX * Axiom trading platform makes $10m fees in a week gm