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:
I know we've had quite a list of warning flags yesterday, but I'm afraid today doesn’t look much different. There’s still hope, though. GM.
BTC and ETH aren’t looking too flashy right here, just as BlackRock sends $102 million worth of Ethereum to Coinbase. Again, just quickly - all is well as long as BTC holds above $80K.
Thing is, today we see the exact opposite of the last few days - the markets are increasingly long-exposed, including funding and inflows, with inflows posting -$14 million in short outflows, the largest short outflow of this year.
Check out this gamma squeeze chart for SPX too - the last time we've seen such a fast upwards move was just a few months preceding the 2021 market top. Like we said a few times already, summer slumber wouldn’t surprise.
Underneath, we have yesterday’s CPI number of 3.8%, sobering for those who peek inside and see the actual inflation in basic commodities. It isn’t looking good for the average US spender, and the same goes for their credit card bill. And just like that, inflation is now back where it was during 2022 - outpacing paychecks.
Looking deeper behind the veil, we now see the US bond market crisis intensifying, as the 10-year yield approaches 4.5%, the level that previously triggered Trump’s big Tariff Pivot in April of last year. Interesting.
These are the exact times when the markets squeeze and stress out participants, and I’d expect pressure to be put on both sides from here. That’s why we won’t get trapped in the intra-day mess, let’s simply observe closes: daily and weekly under $78-79K - not good. Staying firm over $80K - alright, let’s check what happens in the mid-eighties again.
One thing to point out here (and why I think fakeouts are to be expected) is that BTC now flirts with its 200 Day Moving Average, a level where many prior consolidations featured plenty of fakeouts.
Then again, what if this is more like 2018? Check out this chart as an example (not what I'm expecting as a priority outcome at the moment).
From the news a bit, at least Trump, alongside basically the rest of the US economy, just successfully landed in China (majin).
Besides that, Trump now claims the markets will absolutely rocket upwards once the war with Iran ends (teasing the end of Russia-Ukraine again as well). I mean, he was right before…
If anyone tells you they know exactly what happens from here, they’re simply lying. If there’s a bull market coming (which it always is), we've got plenty of charts to choose from and accumulate, while staying off the lever and avoiding the risk of doom. Read on, you might enjoy today’s On our radar section.
Last update: PPI data just slapped everyone in the face, coming in at 6%. See you guys tomorrow, stay safe.
👇 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.
LI.FI integrates Apyx, the first dividend-backed stablecoin enabled by Digital Asset Treasury, read here
Jumper Earn: zap into the top-earning opportunities in one click, check them out
Optimum breaks down how its data acceleration network enhances staking economics, listen here
Squid is one of the few protocols that has been powering cross-chain swaps for 4+ years, read more here
Pyth Network explains why this wave of blockchain adoption looks different, read here
SEDA presents how fast their pricing function is in a new video, watch here
Beezie expands its tokenized collectibles platform to Solana, watch here
phygitals just crossed $250,000,000 USD on Solana, read here
Hyperliquid Collective published its Q1 2026 TradeXYZ report, read here
Aerodrome is responsible for the highest USDC volume of any app in crypto, listen here
Lighter is now live on Insilico Terminal, watch here
Phoenix on Solana is now cheaper than Hyperliquid, read here
Monad is now supported by Rain cards, read here
STRC by xStocks is now live on Pendle, learn how to earn here
Hyperliquid's HIP-4 will introduce native hedge loop and transform the venue into a full-stack provider, read here
strkBTC is live in Xverse Extension right now, read here
Even more important bits.
Ethereum Foundation announces “Clear Signing”, all info here
Saylor’s Strategy proposes “Semi-monthly dividends”, read here
JPMorgan is launching a tokenized money market fund on Ethereum, read here
Kraken and Franklin Templeton are partnering to build tokenized investment products onchain, read here
Charles Schwab has started rolling out Schwab Crypto accounts to retail clients, read here
Charts and stats of the day.
Onchain profit for Celo rises to new all-time highs, chart here
Odds of next Fed rate hike before July 2027 rise to 61%, chart here
Tech CapEx just passed its Dot Com bubble peak, chart here
The US Dollar's share of global currency reserves has fallen to its lowest level this century, chart here
Active NFT wallets just doubled from 15K to 30K in 90 days, chart here
Tether is buying more Gold than China, chart here
There are over $4B in deposits on Solana lending markets, chart here
Polkadot is now generating $0.1841 daily revenue, stats here
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
CCC: Curve, Convex & Clarity.
The big old Clarity Act. Well, not that old, actually, since it still has to pass through the Senate to Trump’s desk (at least 7 Democrats) before it’s all considered a done deal. All eyes on tomorrow’s meeting.
Nevertheless, things are looking up, and I think Clarity will come soon. If you noticed the past couple of days, CRV and CVX started flashing green signals just as the chatter around the Clarity Act increased. I think that was the canary in the coal mine.
Things, in my opinion, will still take time until full recovery (RSI is getting hot on 1D, further accumulation chop won’t surprise), but these two are definitely on my radar:
1. The DeFi Exclusion (Section 309 / Section 409)
CRV and CVX protocols won’t be considered brokers or exchanges under this new rule: Curve and Convex never custody user assets. They are exactly the kind of non-custodial protocols this carve-out was written for.
2. Commodity Classification = State Law Preemption
CRV and CVX, if classified as digital commodities (which the bill's "maturity test" strongly supports for both — Curve has no controlling insider group anywhere near the 20% threshold), would be freed from the compliance nightmare of US state money transmission and securities laws that has blocked institutional participation.
3. Both pass the maturity test easily
No insider controls 20%+ of CRV or CVX supply. Curve has been live since 2020. Convex holds half the veCRV across a distributed user base. They're not securities. They never were.
4. Secondary market rule seals it
Even if you argued these tokens had securities characteristics at launch, it doesn't matter. Once a token trades in secondary markets, it sheds that status permanently. CRV and CVX have been trading for years.
5. Institutional custody clarity
The bill defines what constitutes a qualified custodian. That's the last lock on the door for hedge funds and asset managers. If everything goes well, they can hold CRV and CVX on the balance sheet.
HIP-4 vs. Kalshi vs. Polymarket: We're Just Getting Started:
Insert the “Daduq they doing out there?” meme:
The AI news & updates.
Ave Forge announces upcoming Orbital Agents, watch here
Qwen 3.6 Plus is now free for a limited time on Nous Portal, available here
Google and SpaceX are in talks to launch data centers into orbit amid surging AI demand, read here
Anthropic rolls out new Claude tools aimed at automating legal work for lawyers & law firms, read here
Google has detected the first known use of an AI-developed zero-day exploit, read here
Gemini Omni leaked ahead of Google I/O next week, read here
AI Charts and stats of the day.
Nvidia surges back over all-time highs with Jensen’s confirmed China trip, read here
A large attack across more than 169 npm packages is going on right now, details here
Anthropic on PreStocks on Solana čdown 45% in 24 hours, chart here
Cerebras IPO prices Thursday at $33B, read here
Anthropic fixed Claude's 96% blackmail rate, read here
The AI tutorials of the day.
OpenCode hits 150K GitHub stars, 6.5M monthly developers, free model here (agnostic Claude Code alternative)
AI Articles of the day.
Mira Murati's Thinking Machines Lab unveils "interaction models" against AI agents, read here
Ben Thompson — "The Inference Shift" (Stratechery), read here
Anthropic — "Teaching Claude Why", research blog here
Recap how significant the current stock rally is: we’re firmly in unprecedented territory.
Idle (Universal earnings layer. Turn anything idle - a GPU, an agent, a data feed, spare compute - into a paid API endpoint)
Osero (DeFi) - Raised $13.5M led by Sky and Plasma
Papertrade (fair-launched, fully onchain perpetuals exchange)
Clauders.Fun (The home for Clauders) - Launching today
SLOHM Finance (Decentralized treasury-backed reserve protocol on Bitcoin L1) - Launching tomorrow
CowBoy Space (Raises $275M to build AI data centers in orbit)
Hyper (Company brain that reads Slack, docs, and more)
The one who saves us all.
Is Gaz once again onto something here? I mean, if not when Copper looks like this, then…? Let’s see!
If this was useful, forward it to one person sitting on the sidelines right now. That's how this thing grows. MUCH appreciated.
Hix0n 🫡
