๐ Macro USA (Preliminary):
- Unemployment Rate: 4.3% (Prior: 4.3%);
- Nonfarm Payrolls: 115k (Prior: 178k) #macro
- Unemployment Rate: 4.3% (Prior: 4.3%);
- Nonfarm Payrolls: 115k (Prior: 178k) #macro
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๐ฆ Michael Saylor explains the competition in digital credit from banks, stating, "Itโs like enriched uranium. You need a crypto reactor to create credit." He added that a bank would require a structure with $50-$100 billion worth of Bitcoin held in one entity. Saylor believes that if this occurs, the price of #BTC will significantly increase, potentially adding another $50-$100 billion to the market.
๐ต๏ธ #ETH Smart Money Flow Index
April: +$356M.
May 1 single-day: +$101M.
BlackRock and Fidelity took 90%+ of the bid.
Globally, ETH ETFs crossed $14B YTD net inflow.
Five red months. Then a pivot โ and the timeline barely noticed. The rotation that matters is rarely loud at the start.
April: +$356M.
May 1 single-day: +$101M.
BlackRock and Fidelity took 90%+ of the bid.
Globally, ETH ETFs crossed $14B YTD net inflow.
Five red months. Then a pivot โ and the timeline barely noticed. The rotation that matters is rarely loud at the start.
๐ $BTC slipped 3% from $82K to $79,340.
Crypto Fear & Greed (F&G) slid from 74 to 47 in seven days.
Holder sentiment dropped harder than the candle, indicating a cohort capitulating emotionally before the chart confirms.
Sentiment usually leads the bottom, as it always has.
Open the Holder Sentiment chart.
Crypto Fear & Greed (F&G) slid from 74 to 47 in seven days.
Holder sentiment dropped harder than the candle, indicating a cohort capitulating emotionally before the chart confirms.
Sentiment usually leads the bottom, as it always has.
Open the Holder Sentiment chart.
๐ธ Revolut Users See Erroneous Bitcoin Price Alert Showing BTC Near Zero
Some Revolut users received erroneous alerts today showing Bitcoinโs price falling near zero, with screenshots indicating BTC briefly displayed around 0.02 in the app. Revolut attributed the issue to a third-party service disruption. The problem affected price displays and push notifications rather than the broader market price, and Revolut has not reported user asset losses so far.
Some Revolut users received erroneous alerts today showing Bitcoinโs price falling near zero, with screenshots indicating BTC briefly displayed around 0.02 in the app. Revolut attributed the issue to a third-party service disruption. The problem affected price displays and push notifications rather than the broader market price, and Revolut has not reported user asset losses so far.
๐บ๐ธ๐ Payward Applies for OCC Trust Charter to Expand Krakenโs Regulated Crypto Custody Business
Payward, the parent company of Kraken, has applied for a national trust company charter with the OCC to establish Payward National Trust Company (PNTC). This federally regulated entity will focus on digital asset custody services for institutional clients. The application builds on Kraken Financialโs Wyoming SPDI bank charter, granted in 2020, and its access to a Federal Reserve master account, further expanding Krakenโs regulated custody infrastructure in the U.S.
Payward, the parent company of Kraken, has applied for a national trust company charter with the OCC to establish Payward National Trust Company (PNTC). This federally regulated entity will focus on digital asset custody services for institutional clients. The application builds on Kraken Financialโs Wyoming SPDI bank charter, granted in 2020, and its access to a Federal Reserve master account, further expanding Krakenโs regulated custody infrastructure in the U.S.
๐บ๐ธ๐ Payward Applies for OCC Trust Charter to Expand Krakenโs Regulated Crypto Custody Business
Payward, the parent company of Kraken, has applied for a national trust company charter with the OCC to establish Payward National Trust Company (PNTC). This federally regulated entity will focus on digital asset custody services for institutional clients. The application builds on Kraken Financialโs Wyoming SPDI bank charter, granted in 2020, and its access to a Federal Reserve master account, further expanding Krakenโs regulated custody infrastructure in the U.S.
Payward, the parent company of Kraken, has applied for a national trust company charter with the OCC to establish Payward National Trust Company (PNTC). This federally regulated entity will focus on digital asset custody services for institutional clients. The application builds on Kraken Financialโs Wyoming SPDI bank charter, granted in 2020, and its access to a Federal Reserve master account, further expanding Krakenโs regulated custody infrastructure in the U.S.
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๐ฃ Binance Founder CZ Says Elon Musk Is An "Alien."
"My theory is that he is an alien. He wants to return to his home planet, and Mars is just a stepping stone."
"My theory is that he is an alien. He wants to return to his home planet, and Mars is just a stepping stone."