Coinbase's move for Deribit signals a pivot into options. Deribit has low spot volume but a lot of options and options with a lot of volume. Options offer leverage and flexibility, key for institutional market growth & Coinbase wants to dominate this segment
🚨World Gold Council: Asia experienced record-breaking inflows during April, adding US$7.3bn, the strongest ever. [those record breaking inflows will come to crypto soon]
CTAs (trend following funds) are not chasing this S&P500 rally; but are still long and strong gold [the pain trade for institutions is up]
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Trump: From UK trade deal, US will raise $6 billion in external revenue from 10% tariffs, $5 billion dollars in new export opportunities.
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🚨🚨Multiple blasts and sirens continue to be heard in Jammu city, India after attack by Pakistani drones - witnesses
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🚨Trump: BOE cut, China cut, everyone is cutting but Powell. Better go out and buy stocks now.
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Trump: If Powell would lower rates, it would be like jet fuel. [things you hear when a degen becomes POTUS]
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The new pope Leo XIV, Robert Prevost, has emerged from the balcony. He is the first American pope.