1⃣ The US CPI in April rose to 3.8% year-on-year, the highest level in nearly three years. Following the data release, Bitcoin briefly fell below $80,000, while crypto stocks in the US declined across the board.
2⃣ The modular Token SAGA surged 84.66% in just one day. VIC increased 37.2%, DYM increased 28.9%, and the "altcoin season" index also rose to 46.
3⃣ In the past 24 hours, the entire crypto market recorded approximately $278 million in liquidated positions, with Longing positions accounting for $231 million. The largest liquidation order, worth $2.71 million, occurred on Binance's ETHUSDT pair.
4⃣ Wintermute warns: Bitcoin Futures Contract (OI) has increased by $10 billion in just one month, but spot volume has fallen to a two-year low. This suggests the current rally is primarily driven by a Short squeeze and remains quite fragile.
5⃣ During the trial between Elon Musk and OpenAI, Sam Altman admitted in court that there were “times when he did not tell the truth.” Musk's lawyers also accused Altman of having a conflict of interest with OpenAI related to large investments in Helion Energy and Cerebras.
6⃣ Bitcoin spot ETFs in the US recorded net inflows of $27.2 million, with Morgan Stanley's fund contributing $26.3 million. Meanwhile, XRP ETFs also attracted a net inflow of $25.79 million in just one day.
7. Ray Dalio, the founder of Bridgewater, argues that Bitcoin remains highly correlated with technology stocks, lacks privacy, and has not yet truly become a safe-haven asset like gold.
8⃣ The US Senate Banking Committee has released a 309-page draft of the crypto regulation bill called CLARITY. Senators must submit proposed amendments by tomorrow in preparation for Thursday's XEM session.
9⃣ Wells Fargo significantly increased its holdings of BlackRock ETHA (+63.5%) and Strategy stock (+125%) in Q1, but simultaneously reduced its position in Galaxy Digital by as much as 97%.
