🟥 Things I’m looking at today 🟥 ETH leads majors, SOL ETFs delayed, Bybit allows stock trading Crypto * BTC: 105k (+2%), ETH: 2535 (+6%), SOL: 168 (+4%) * Top Gainers: AAVE, CRV, VIRTUAL, MKR, TAO * BTC ETFs: +$668mn, ETH ETFs: +$14mn * BTC pulls back from 106k, ETH leads majors * BTC becomes 6th most valuable asset in the world * BTC ETF inflows surge as basis trade nears 9% * SEC delays SOL ETFs, cites various issues * AAVE leads altcoins as TVL breaks $30bn * Bybit allows users to trade top stocks with USDT * GENIUS Act moves to full vote in senate * Strategy buys $765m more BTC * Lawsuit alleging deception filed against Strategy * DigiAsia to raise $100m to buy BTC * JPM will not hold BTC in custody: Dimon * Cramer recommends BTC as a hedge for US debt * DoJ investigating Coinbase on data theft * Circle shopping itself to Coinbase and Ripple pre-IPO * SOL made up 50%+ of all L1 revenue in past week * Alpenglow to bring 100x latency improvement to SOL * Dorsey wants BTC to be valued in Satoshis * Revolut to invest >EUR1b in France * Binance seeks to dismiss $1.7bn FTX lawsuit Macro & General * NASDAQ: 19.2k (0%), Gold: 3236 (0%) * Futures fall after 6-day win streak * Gold ETF got largest weekly outflow since 2013 * US small caps set for largest annual outflow ever * S&P 500 profit guidance momentum at 15 year low * Retail continues to be largest buyer of stocks * Atalanta Fed president predicts 1 rate cut in 2025 * US 2025 recession chances fall to 36% * Risky debt issuance down 90% in the US * Klarna losses widen on debt defaults * More trade deals could come this week: Hassett * Japan 30yr yield hits ATH * Our situation worse than Greece: Japan PM * BoJ considers reducing bond buying pace * Japan sticking to ‘no tariffs’ demand with US * China rebukes US adjusting chip export controls * Russia, Ukraine to start negotiations: Trump * India expects multi-phase trade deal with US * EU to launch EUR 150b loans-for-arms scheme Left Curve Corner * Hot coins: REKT, LAUNCHCOIN, HOUSE, GONC * Hot NFTs: Pengztracted, Abstra Universe * LAUNCH $280m, ICM meta remains strong * HOUSE $40m, leads rally in SOL memecoins * Meteora v2 to support Believe & Time dot fun * PumpFun begins to lose market share in launches * Kaito aiming to become ‘BNB of capital formation’ * Huma Finance joins Kaito rewards * Off The Grid KOLs claim payments are missing * Many NFTs are not securities: Pierce gm
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