TRUMP: “WE'RE NOT CUTTING ANYTHING MEANINGFUL”
Pair that with Elon exiting politics and you've got the whole picture.
Budget discipline is dead. The balancing act is over.
Pair that with Elon exiting politics and you've got the whole picture.
Budget discipline is dead. The balancing act is over.
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Cetus, the main LP DEX on $SUI, was allegedly hacked.
Over $11M in $SUI drained from the SUI/USDC pool.
Most $SUI meme coins are now down 75%+ as liquidity vanished.
STAY LIQUID. STAY SAFE.
Forget VC-backed chains.
Hyperliquid is the future.
Over $11M in $SUI drained from the SUI/USDC pool.
Most $SUI meme coins are now down 75%+ as liquidity vanished.
STAY LIQUID. STAY SAFE.
Forget VC-backed chains.
Hyperliquid is the future.
The Trump admin is now threatening 50% tariffs on the EU starting June 1st.
But this isn’t about trade.
It’s about bonds.
With collapsing demand in this week’s treasury auctions, this move looks like a ploy to force capital into U.S. debt.
Yields dropped right after the news.
It’s all a game to lower bond yields - nothing else matters.
But this isn’t about trade.
It’s about bonds.
With collapsing demand in this week’s treasury auctions, this move looks like a ploy to force capital into U.S. debt.
Yields dropped right after the news.
It’s all a game to lower bond yields - nothing else matters.
BREAKING: Nvidia $NVDA reports $44.1 billion in revenue, higher than expectations.
NVIDIA reported an adjusted EPS of 81 cents, below the expected 93 cents, with revenue of $44.1 billion, surpassing estimates of $43.29 billion. The adjusted gross margin stood at 61%, lower than the anticipated 71%. Data center revenue reached $39.1 billion, slightly missing estimates. The company's 2Q outlook anticipates a revenue loss of approximately $8.0 billion, with projected revenue of $45 billion, plus or minus 2%. Demand for AI infrastructure remains "incredibly strong," and the Blackwell NVL72 AI Supercomputer is now in full-scale production.
NVIDIA reported an adjusted EPS of 81 cents, below the expected 93 cents, with revenue of $44.1 billion, surpassing estimates of $43.29 billion. The adjusted gross margin stood at 61%, lower than the anticipated 71%. Data center revenue reached $39.1 billion, slightly missing estimates. The company's 2Q outlook anticipates a revenue loss of approximately $8.0 billion, with projected revenue of $45 billion, plus or minus 2%. Demand for AI infrastructure remains "incredibly strong," and the Blackwell NVL72 AI Supercomputer is now in full-scale production.
BlockTalk
BREAKING: Nvidia $NVDA reports $44.1 billion in revenue, higher than expectations. NVIDIA reported an adjusted EPS of 81 cents, below the expected 93 cents, with revenue of $44.1 billion, surpassing estimates of $43.29 billion. The adjusted gross margin stood…
BBG has corrected the EPS figure for Nvidia in its report, reporting $0.96 instead of the previously stated $0.83. The correct information indicates that NVIDIA's first-quarter adjusted EPS is now 96C, compared to the estimated 93C.
Budget Surplus Hopes Are Dead.
In Jan/Feb, there was real buzz that the US could hit a balanced budget for the first time in over 20 years. Trump’s team at DOGE, with Elon at the helm, claimed to have cut $175B in spending.
Today is Elon’s last day at DOGE.
And it marks something bigger:
Even the richest man in the world — who built multiple billion-dollar companies — couldn’t fix the US budget.
Last week, Trump himself said:
“We’re not cutting anything meaningful.”
That’s now crystal clear.
The new package — “One, Big, Beautiful Bill” — promises tax cuts and military strength, but the fiscal cost is massive. The result? Higher deficits and another debt ceiling raise is inevitable.
Budget discipline is over.
It was a short-lived fantasy.
The US is back to what it does best:
Debt-fueled spending.
In Jan/Feb, there was real buzz that the US could hit a balanced budget for the first time in over 20 years. Trump’s team at DOGE, with Elon at the helm, claimed to have cut $175B in spending.
Today is Elon’s last day at DOGE.
And it marks something bigger:
Even the richest man in the world — who built multiple billion-dollar companies — couldn’t fix the US budget.
Last week, Trump himself said:
“We’re not cutting anything meaningful.”
That’s now crystal clear.
The new package — “One, Big, Beautiful Bill” — promises tax cuts and military strength, but the fiscal cost is massive. The result? Higher deficits and another debt ceiling raise is inevitable.
Budget discipline is over.
It was a short-lived fantasy.
The US is back to what it does best:
Debt-fueled spending.
BlockTalk
Bitcoin continues to mirror Global M2 with its classic 12‑week lag. Aggressive upside likely kicks off this upcoming week.
Despite what many are calling a “double top,” the data tells a different story.
Bitcoin has historically followed Global M2 with an 84-day lag and an ~85% correlation.
Right now, we’re seeing a minor disconnect for the first time in a while.
But this isn’t unusual.
Small deviations like this have occurred before, but Bitcoin always reconnects with the broader liquidity trend.
This chart suggests Bitcoin is still tracking higher prices throughout the rest of Q2 - even if the market is full of fear.
Bitcoin has historically followed Global M2 with an 84-day lag and an ~85% correlation.
Right now, we’re seeing a minor disconnect for the first time in a while.
But this isn’t unusual.
Small deviations like this have occurred before, but Bitcoin always reconnects with the broader liquidity trend.
This chart suggests Bitcoin is still tracking higher prices throughout the rest of Q2 - even if the market is full of fear.
President Trump says he doesn’t know if he’ll continue to have a great relationship with Elon Musk and that he is “very disappointed” with him.
This is the end of DOGE… and further proves that budget discipline was just a short-lived ambition of the US government.
Elon and Trump have clearly fallen out over “the one big beautiful bill.”
Some of Elon’s recent comments:
“This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.”
“Congress is making America bankrupt.”
“Debt slavery for the American
people.”
Bitcoin fixes this.
This is the end of DOGE… and further proves that budget discipline was just a short-lived ambition of the US government.
Elon and Trump have clearly fallen out over “the one big beautiful bill.”
Some of Elon’s recent comments:
“This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.”
“Congress is making America bankrupt.”
“Debt slavery for the American
people.”
Bitcoin fixes this.
🚨Geopolitical tensions are rising again.
Israel has officially launched strikes on Iran - and according to multiple reports, they plan to continue until every Iranian nuclear facility is wiped out.
It’s a major escalation, and there’s a strong possibility that Iran retaliates. If that happens, we could be looking at a broader regional conflict in the Middle East.
So what does this mean for markets?
While fear is high, it’s important to stay composed and zoom out.
Historically, wars have often marked buying opportunities, not tops. Most of the market damage tends to be short-lived, driven by panic rather than fundamentals. We saw the same thing with the Russia-Ukraine war - a major FUD event that ultimately passed.
Now let’s focus on what really matters:
📊 Bitcoin continues to track Global M2 liquidity almost perfectly with an 84-day lag. As global liquidity rises, Bitcoin is simply doing what it always does — catching up.
This relationship has held strong throughout the past year and remains intact today.
📉 At the same time, the U.S. Dollar Index (DXY) has collapsed to its lowest level since March 2022 - now down over 11% year-to-date. That’s the worst start to a calendar year in the dollar’s history.
And that’s a green light for asset prices.
When liquidity is rising and the dollar is falling, risk assets perform.
Unless we see full-scale war - and I mean a serious, multi-front regional escalation - these macro tailwinds are far more important than any headline.
During periods of uncertainty, capital searches for safety. Some will go to gold. Some to bonds. But increasingly, Bitcoin is becoming the new flight-to-safety asset.
The Trump cabinet-level meeting may calm things down - or it may escalate the situation. We’ll have to see.
Israel has officially launched strikes on Iran - and according to multiple reports, they plan to continue until every Iranian nuclear facility is wiped out.
It’s a major escalation, and there’s a strong possibility that Iran retaliates. If that happens, we could be looking at a broader regional conflict in the Middle East.
So what does this mean for markets?
While fear is high, it’s important to stay composed and zoom out.
Historically, wars have often marked buying opportunities, not tops. Most of the market damage tends to be short-lived, driven by panic rather than fundamentals. We saw the same thing with the Russia-Ukraine war - a major FUD event that ultimately passed.
Now let’s focus on what really matters:
📊 Bitcoin continues to track Global M2 liquidity almost perfectly with an 84-day lag. As global liquidity rises, Bitcoin is simply doing what it always does — catching up.
This relationship has held strong throughout the past year and remains intact today.
📉 At the same time, the U.S. Dollar Index (DXY) has collapsed to its lowest level since March 2022 - now down over 11% year-to-date. That’s the worst start to a calendar year in the dollar’s history.
And that’s a green light for asset prices.
When liquidity is rising and the dollar is falling, risk assets perform.
Unless we see full-scale war - and I mean a serious, multi-front regional escalation - these macro tailwinds are far more important than any headline.
During periods of uncertainty, capital searches for safety. Some will go to gold. Some to bonds. But increasingly, Bitcoin is becoming the new flight-to-safety asset.
The Trump cabinet-level meeting may calm things down - or it may escalate the situation. We’ll have to see.