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Two U.S.-flagged merchant vessels have successfully transited through the Strait of Hormuz, Trump said.


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🇺🇸🇨🇳 US calls on China to help reopen the Strait of Hormuz and restore energy flows.


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DTCC to begin limited tokenized securities trading in July.


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Telegram CEO Durov announces Telegram will replace the TON Foundation as the main force behind TON and become its largest validator.


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Brent oil prices jump 5% on rising tensions over Strait of Hormuz https://bit.ly/4w2WisB


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🐈 Inflation continues to erode money, with $1 losing nearly half its purchasing power over 30 years, while the same $1 invested in the S&P 500 would have grown to around $20 after inflation.


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🇵🇭 Philippines annual inflation rises to 7.2%, the highest in over three years.


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Offshore US Dollar deposits have hit a record ~$14.5 trillion, up 220% from the start of the century as global demand for the USD remains unrivaled.


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GameStop has proposed acquiring eBay for $56 billion, offering $125 per share.

GameStop shares have been meme-driven, rising on news like its Bitcoin purchase. Now it aims to buy the struggling eBay.

eBay trades at a 20% premium to the market.
GameStop, worth about $12 billion, is trying to buy a company roughly five times its size and has acquired 5% of eBay shares.


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🐈 No More Finance for the Celsius Founder

Alex Mashinsky is banned from the financial world forever. The court approved an agreement that keeps him away from crypto and hits him with a $10 million fine.

The $4.7 billion in damages has been put on hold for now, provided Mashinsky has been totally honest about his assets and hasn’t tucked anything away.


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Kraken will allow customers to cash out crypto at MoneyGram locations in over 100 countries.


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🐈 Hedge Funds Slash US Tech Exposure Sharply

Hedge funds posted their largest two-week cut in US tech exposure this decade, excluding early 2021 meme stock moves.

Long sales outpaced short covers by 1.5 to 1.

Nearly all subsectors fell, led by Semiconductors and Semi Equipment.

Hedge funds also sold Magnificent 7 stocks in four of five recent sessions, locking in big tech profits.


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🇮🇷 Iran's IRGC says every vessel crossing the Strait of Hormuz must get clearance from them.


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US services activity rose to 51.0 in April, below the 51.3 forecast and above the 49.8 prior reading.


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Spirit Airlines says in court papers it was forced to shut down due to rising fuel prices.


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🇺🇸🇮🇷 US says Iran placed additional mines in the Strait of Hormuz during ceasefire.


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🐈 Inflation erodes money even if unnoticed, with the purchasing power of $1 nearly halving over the last 30 years.

Meanwhile, the same $1 invested in the S&P 500 would have grown to about $20, adjusted for inflation.

Keeping cash "under the mattress" carries risk, though less obvious.


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🇬🇧 UK 30-year government bond yield surges to 5.79%, highest since May 1998.


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Apple $AAPL surpasses Silver to become the 4th largest asset in the world by market cap.


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🇺🇸 Bank of America analysts believe GTA 6 will cost up to $80!


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