YEET.com has been doing some cool stuff lately in the crypto casino space, so we’re giving it a shout-out for anyone who’s been meaning to check it out.
They’ve been putting out a bunch of fun, crypto-themed games with plenty more coming!
I mean, check out the roster, plenty to choose from, plus it’s as easy as registering here and having some good old dicy fun:
“Sell in May if you’re gay”, says Lord Fed just as the SPX closes above yet another all-time high. Oh well, GM.
Our friend Fed might be onto something, as everyone holding up cash watches the S&P 500 put in the longest winning streak since 2024. Not only that, Nasdaq now sees 10x the volume on up days versus the down days. Quite something.
Looking in deeper, though, this all has a bit of a stink to it. For example, only 22% of S&P 500 stocks have outperformed the index over the last 30 days, the 3rd-lowest reading since 1996. It’s all the big tech, Mag 7, whatever you call it - it’s very concentrated.
Sniffing on, we can see the stock market has reached its most expensive valuation in history after the Warren Buffett Indicator crossed 230% for the first time ever. Check out the chart yourselves.
Just as this Kalshi prediction says, I wouldn’t be surprised by some kind of major blow-up, whether it’s now or later.
Let’s not get bear-holed too fast here, despite clearly seeing some signs of overextension. Once things enter the crazy territory, it’s nearly impossible to predict when the next major pullback happens. Thing is, it always happens eventually, doesn’t it?
As for crypto, BTC is failing to push past $83K successfully despite the bullish news around the Clarity Act today. Here are the key points for those of you interested. I do think it’s pretty damn bullish long-term, but I'm not seeing anything convincing price-action-wise just yet that would make me think this is a whole new bull, not just a typical mid-term rally.
Again, BTC is still above $80K at the time of writing, so let’s not get ahead of ourselves with bearishness - especially seeing the amount of shorts piling in at the moment. Closes below $78-79K? Alright, then we start talking about the possibility of this rally ending.
The main point, though, is: this all leads to yet another bull run. It’s not about being bearish or bullish for me here; it’s about timing. Overall, this bounce from low sixty keks “should” be where our end-of-bear range forms. If not, well… it could get nasty, all I'm saying - but not what I'm counting on.
When it comes to ETH, watch this range right here, simple as that. Overall, I do think Bitmine's bullishness with their buys is correct in the long term; you might just have to withstand some pain in between. Sharplink is doing just that, for example.
Last update for today: the US CPI just came in, hitting 3.8%, higher than expectations. As I'm finishing this, Nasdaq is getting slapped, and BTC seems like it… wants to pump? Ah, confusing times, frens. Stay safe out there and see you tomorrow.
👇 And if you haven’t yet, hit subscribe below 👇
ETH MILAN. May 21-22.
Coming up! Italy’s leading Ethereum conference, hosted at Leonardo da Vinci’s Museum of Science and Technology. Pretty wild setting for a crypto event, and naturally, blocmates will be there making everything look cinematic.
Join 2000+ attendees and 100+ speakers
Here’s a full summary of speakers for those of you interested
The important bits.
260x increase for HIP-3 weekend trading in 7 months: Powered by Seda and Pyth Network, read here
SEDA is powering Dreamcash (24/7 Pricing, 15 Markets Live), full stats here
Jumper offers the best rates when moving funds to Tron, watch here
Surf publishes the Surf Studio Build Challenge winners, read here
Optimum makes ETH staking more profitable, listen how here
Hibachi chose Arc to build a blockchain-native FX exchange, listen here
Worm teases a “Solana X Hyperliquid Marriage”, see here
Jupiter has launched Jupiter Poker, onchain platform for pro poker players, trailer here
Solana announces a partnership with Audemars Piguet, see here
CoW DAO recaps the April 14th hack, read here
Jupiter Mobile announces a “Big Week”, trailer here
EtherFi announces EURC Liquid Vault, more info here
Even more important bits.
50% chance Tesla and SpaceX merge within the next year, read here
Coinbase CEO to address Republican senators on Wednesday, read here
Ray Dalio says Bitcoin hasn't played the safe-haven role many expected, read here
Trump still plans to audit Fort Knox to confirm its $700 billion gold reserve, read here
Saudi Aramco says a Strait of Hormuz closure could remove 100M barrels of oil supply per week, read here
Congress members to hold bipartisan meeting to discuss crypto tax legislation, read here
Canton Network is raising roughly $300 million at a $2 billion valuation, read here
Australia to hit crypto investors with higher taxes, read here
Trump is considering suspending the federal gasoline tax amid surging prices, read here
MoonPay has acquired Dawn Labs, read here
Michael Burry says we are "witnessing history" in the stock market — but in a bad way, read here
Charts and stats of the day.
f(x) Protocol TVL just crossed $150M+ again, more info here
Pendle has been one of the biggest drivers for STRC digital credit yield, stats here
$2B TVL migrates from LayerZero to Chainlink after recent exploit, read here
Sui TVL is up ~20% since the start of May, read here
Ethereum treasury firm Sharplink lost $686M in Q1 2026, read here
Elon Musk's SpaceX projected to trade above a $2T valuation when it goes public, chart here
The Top 1% of U.S. earners now have more wealth than the entire middle class, chart here
Copper nearing record highs, chart here
Home Sellers now outnumber Buyers by 630,000, the largest gap ever recorded, chart here
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
Bullish for Hyperliquid (read further as we dive into it in today’s On our radar section):
Hyperliquid.
The good old HYPE has a lot going for it at the moment! Below here, we’re about to talk plenty of fundamentals, so first, let’s recap the price action very simply: HYPE is currently consolidating. Anything above $42, and the bulls take over; anything below $39, and all the HYPE heads rejoice as they more than likely get an opportunity to stack lower.
Now to those juicy fundamentals:
The very first HYPE ETF is coming today, read here
HYPE investment thesis by Allium Labs sees a price target of $190, thesis here
HIP-3 Trading Fees have reached $16.5M, chart here
Tokenized stocks are coming to Hyperliquid, led by Ondo, read here
Hyperliquid’s Builder Program is crushing it, dashboard here
Phantom’s Hyperliquid integration made more than $20M in profits, stats here
Sushi Perps to follow the Phantom footsteps? Announcement here
And for the real HYPE heads out there, here’s an invitation to the Hyperliquid Annual Event. Let there be Hype on October 5th:
Shorting overvalued companies to fund your startup:
If you want further evidence of the Crypto X AI Convergence narrative solidifying itself, just listen to Vitalik here, explaining how Ethereum becomes the much-needed layer for agentic DeFi. Full article by Etheralize attached for those willing to go deeper. Monitoring!
The AI news & updates.
Hyperbeat introduces Liquid Banking Agent Cards, read here
Grok just previewed “Skill”, is this one a Claude beater? See here
Jensen Huang of Nvidia and Michael Dell of Dell will deliver a keynote at Dell’s event on Monday, May 18, read here
Virtuals Protocol announces the EconomyOS for AI agents, watch here
South Korea announces a “AI Citizen Dividend”, read here
GitLab announces job cuts to reinvest in growth for the “agentic era”, read here
Claude introduces the Claude Platform for AWS, read here
Claude Code 2.1.139 has been released, all highlights here
OpenAI announces the OpenAI Deployment Company, more info here
OpenAI introduces Daybreak: frontier AI for cyber defenders, read here
Anthropic just published a page that should terrify anyone holding its shares on the secondary market, read it here
Telegram’s CEO Durov says, “… developing for TON just got 10x faster thanks to AI”, read here
Claude Code introduces Agent View, watch the trailer here
AI Charts and stats of the day.
Base Batches 003 robotics projects winners published, check them out here
The AI tutorials of the day.
Karpathy's 4 CLAUDE.md rules cut Claude's mistakes from 41% to 11%, get them here
AI Articles of the day.
Explore the new LI.FI Earn feature, enabling you to swap and deposit into 115+ earning opportunities across 8 chains, in one click:
Creek Finance (Sui, Physical gold meets onchain DeFi infra)
Lovable (AI, design)
Phoenix (24/7 commodities)
BaiBai (PropAMM DEX on Base)
Cua (Partners with Hermes Agent)
Ah, great, so now I have to get super paranoid even when I'm trying actually to escape my own paranoia? Careful!
Check this one out on revoking tokens, I swear we have to double, triple check everything before we click anything these days.
If this was useful, forward it to one person sitting on the sidelines right now. That's how this thing grows. MUCH appreciated.
Hix0n 🫡
