🇺🇸🕵️ America's Second-Largest Bank Raises IBIT Stake, Cuts Ether and Solana ETF Exposure

America's second-largest bank, Bank of America (BofA), disclosed nearly $53 million in crypto ETF exposure in its latest Q1 13F filing.

BofA significantly increased its BlackRock Bitcoin ETF (IBIT) holdings to about $37 million in Q1, while trimming its Ethereum and Solana ETF positions. It also held smaller allocations in other Bitcoin ETFs, including BITB, FBTC, and Grayscale products. #etf

🇪🇺📊 Bybit CEO Ben: Hyperliquid Is a Partner Not a Competitor

In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou stated that Bybit views Hyperliquid as a partner rather than a competitor. He noted that Bybit has not experienced a significant exodus of users to Hyperliquid; instead, some users are deterred by licensing and compliance restrictions.

Zhou explained that under Europe's regulatory framework, Bybit's MiCA site cannot offer derivatives, and even with a MiFID license, leverage would be limited to 10x, which he described as "not competitive at all" compared to Hyperliquid. He emphasized that users seeking high leverage will naturally gravitate towards DEXs, as Hyperliquid provides options that Bybit cannot offer within a compliant framework. #regulation

🐳 Whale 0xB4d3 dumped 20,000 $ETH ($41.18M) at $2,059 in the past hour.

🗽 Grayscale Files Third Amendment for Proposed HYPE ETF

Bloomberg ETF analyst James Seyffart reported that Grayscale has submitted its third S-1 amendment with the SEC for the proposed Hyperliquid (HYPE) ETF. If approved, the ETF will trade under the ticker GHYP. Seyffart noted that the frequent filing updates indicate issuers are nearing launch, and U.S. exchanges may eventually host three competing HYPE ETFs. #regulation

📊 #BTC The SEC has approved the listing of BTC index options on Nasdaq. #regulation

😱🤑 Fear & Greed Index for #BTC

🇺🇸📊 According to SoSoValue data, on May 22 (ET), U.S. spot Bitcoin ETFs recorded a total net outflow of $105 million, marking the sixth consecutive day of outflows.

Spot Ethereum ETFs saw a total net outflow of $6.67 million, extending their outflow streak to 10 days.

🇪🇺🏦According to Reuters, the European Central Bank opposed proposals to ease rules for euro stablecoins, citing concerns that broader issuance could reduce bank lending and complicate interest-rate control.

Central bankers, including ECB President Christine Lagarde, expressed worries that stablecoins might drain bank deposits and weaken lenders' funding. Brussels-based think tank Bruegel warned that stricter EU rules could push activity offshore and deepen "digital dollarization." #stablecoin

📉 Bitcoin falls below $75,000.

💸 $400,000,000 worth of longs liquidated from the crypto market in the past 10 minutes.

#HYPE

All roads lead to 100B$

💸 As the market drops, Machi closed most of his $ETH (25x) long and was partially liquidated again. He is still holding 1,700 $ETH and is now just $23 away from the next liquidation, with total losses approaching ~$33M.

🕵️ As the market drops, another Ethereum OG who made $34.2M (376x return) is buying the dip on $ETH.

Ten years ago, this OG received 12,001 $ETH from ShapeShift at just $7.58 each.

Over a year ago, he sold them for 34.3M $USDC at $2,856, making $34.2M in profit - a 376x return.

Today, after $ETH fell, he started buying again.

So far, he has bought 3,942 $ETH ($8.08M) at $2,049, and he may continue buying.

🔮 There's now a 75% chance Bitcoin will drop to $70,000 before going up to $90,000, according to Polymarket.

🇺🇸🇮🇷 WSJ: Donald Trump convened a national security group meeting and did not make an official decision on launching a new military strike on Iran, stating that he is willing to give "more time" for diplomatic negotiations.

US Secretary of State: Some progress has been made in negotiations with Iran, and news about Iran may be announced in the coming days.

Saudi media Alhadath: Iran is proposing to open the Strait of Hormuz in exchange for compensation from the US. Iran demands discussions on sanctions and freezing of assets before signing any agreement. #tradewars

#ZEC is setting up for a parabola move in June/July

You have been warned !!!

🇺🇸🤝 Trump Administration and Anthropic Finalizing Deal to Let US Spy Agencies Use Its AI Tools.

🇺🇸🇮🇷 Representative of Pakistani Intelligence Services: Currently, there is a revision of the memorandum of understanding aimed at ending the war between the US and Iran.

🇺🇸🇮🇷 The U.S. and Iran are expected to announce a draft peace deal within 24 hours, according to The Washington Times.

📌 Top 5 News for 24 Hour:

1. Whale Evaded closes long positions, opens $74.5M short on 990 $BTC. →
👁 215 | ❤️ 0 | 🔁 6

2. $400M longs liquidated in 10 minutes. →
👁 317 | ❤️ 0 | 🔁 4

3. Arthur Hayes' wallet deposits millions into Bybit, still holding millions in $HYPE. →
👁 288 | ❤️ 0 | 🔁 4

4. Machi faces heavy losses in ETH liquidation. →
👁 271 | ❤️ 0 | 🔁 3

5. Green card applicants must apply from abroad. →
👁 260 | ❤️ 0 | 🔁 3

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