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🚨JUST IN: Trump's Truth Social has filed to withdraw its Bitcoin $BTC ETF application with the SEC.

@headlines
Forwarded from The Finance Journal
πŸ“‰ Barclays says history isn’t kind to new Fed chairs.

Since 1930, US stocks have dropped an average of 12% during the first three months after a new Federal Reserve chairman takes over.

Kevin Warsh officially steps in on Friday, May 22 and Wall Street is watching closely for the next move.

The Finance Journal πŸ“ˆ
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βš–οΈNEW: Trump orders Fed to grant crypto firms DIRECT access to master accounts.

This could let crypto firms move money more like banks instead of depending on banks to do it for them.

@headlines
πŸ‡ΊπŸ‡ΈNEW: South Carolina just signed a bill protecting $BTC and crypto payments, with zero tax, and self-custody wallets.

The law also protects miners, stakers, and node operators, while it bans state agencies from accepting or testing CBDCs.

@headlines
⚑HUGE: Former CFTC Chair says officials are still exploring a U.S. CBDC behind closed doors despite Trump's opposition.

Timothy Massad pointed to the U.S. role in BIS Project Agora, where central banks are testing tokenized money and settlement systems.

@headlines
πŸ”₯ BITWISE SAYS HYPE IS UNDERVALUED

Bitwise CIO Matt Hougan says the market is wrongly valuing Hyperliquid as only a perp exchange, when it may be closer to a "super app."

He argues $HYPE is already the best-performing large-cap crypto asset of 2026, up 77% YTD.

@headlines
2021
BTC $69,000 ETH $5000

2026
BTC $80,000 ETH $2000

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βš–οΈJUST IN: New court filings allege Jane Street used a secret Telegram channel to receive insider information from Terraform Labs.

The lawsuit says this helped the firm sell its entire $192M UST position before the stablecoin crashed, then make around $134M betting against Terra as its $40B ecosystem collapsed.

@headlines
πŸ“‰ BITCOIN ETF SELLING CONTINUES

Spot $BTC ETFs recorded $70.5M in net outflows, extending the streak to 4 consecutive days.

BlackRock continued to lead the exits, with $61.5M sold by investors.

@headlines