1⃣ The US April CPI rose to 3.8% year-on-year, a new high in nearly three years. After the news was released, Bitcoin briefly fell below $80,000, and US crypto stocks generally fell.
2⃣ Modular token SAGA surged 84.66% in a single day, VIC rose 37.2%, DYM rose 28.9%, and the altcoin seasonal index rose to 46.
3⃣ In the past 24 hours, a total of $278 million in positions were liquidated across the entire network, with long positions accounting for $231 million. The largest single liquidation of $2.71 million occurred in Binance ETHUSDT.
4⃣ Wintermute warns: Bitcoin futures open interest surged by $10 billion in a single month, but spot trading volume hit a two-year low, indicating that the rally is driven by short squeeze and is fragile.
5⃣ During the trial of Musk v. OpenAI, Altman admitted in court that there were "moments when he did not tell the truth." His lawyers accused him of having conflicts of interest with OpenAI regarding his major investments in Helion Energy and Cerebras.
6⃣ US Bitcoin spot ETFs saw net inflows of $27.2 million, with Morgan Stanley (MSBT) contributing $26.3 million; XRP ETFs saw net inflows of $25.79 million in a single day.
7⃣ Bridgewater's Ray Dalio wrote that Bitcoin is highly correlated with tech stocks and lacks privacy, and has not yet become a true safe-haven asset, while gold's status is more secure.
8⃣ The U.S. Senate Banking Committee released a 309-page draft of the CLARITY crypto regulatory bill, and senators must submit amendments by tomorrow for consideration on Thursday.
9⃣ Wells Fargo significantly increased its holdings in BlackRock ETHA (+63.5%) and Strategy (+125%) in Q1, while reducing its holdings in Galaxy Digital by 97%.
