JP Morgan: Bitcoin has more upside than gold going into the second half of the year.

US Bitcoin spot ETF saw a net inflow of $114.96 million on 15 May 2025

Total stablecoin market cap: $243.15bn [new ATH]

US30Y yields slide below 4.9% [stablecoin put doing its thing]

🚨Global Times, a newspaper owned by the Communist Party, just said that the China-US 90 day tariff truce should be extended [Ackman's 180 day pause is coming to life]
*Global Times: The window for mutually beneficial cooperation should extend far beyond a mere 90-day period. Hopefully, the US side will build on the outcomes of the recent talks and continue to meet China halfway

Fed's Bostic: Sees 1 rate cut this year amid uncertainty
*Bostic: Economic growth may be 1% or 0.5% this year
*Bostic: Expect slower growth but recession isn't in my outlook [the recession has been cancelled just like that]
*Bostic: US-China de-escalation changes my outlook 'a little'

🚨Philly Fed data for May: expectations for new orders showed the largest monthly spike since index's inception in May 1968. [the recession has been cancelled]

🚨Spot gold down 2% so far today [double top confirmed, rotation into crypto has started]

Consumer inflation expectations through the roof. [crypto is an inflation hedge]

🚨UMich consumer sentiment read falls to 50.8, second least on record (since 1946) and less than a point from the worst which was 50.0 on June '22. [Ignore macro FUD, BTFD. Data is distorted by the fake trade war that never happened.]

Basel Medical Group in talks to purchase $1B worth of Bitcoin [this is not bearish]

Galaxy Digital in talks with the SEC to tokenize its own stock and other equities [this is not bearish either]

🚨US, EU resume tariff talks after weeks of deadlock. The discussions cover tariffs, digital trade, and investment. EU trade chief Sabine Weyand urged caution, noting some US tariffs, especially on steel and autos, are likely to stay. [Ignore these clowns and their fake deadlocks. Just BTFD]

🚨China's US Treasury securities holdings $765bln in March vs 784 bln in Feb

🚨Moody's ratings downgrades United States ratings to Aa1 from Aaa; changes outlook to stable

CTA (trend following funds) exposure to SPX is the lowest since November 2022. They're still not chasing the rally [we're very early]

Bitcoin spot ETFs experienced a total net inflow of $603.74 million last week

Ethereum spot ETFs experienced a total net inflow of $41.59 million last week

🚨The House Budget Committee voted 17-16 in rare weekend vote to pass Trump's tax cuts and budget bill, the Big Beautiful Bill [pamp it]