Topic: #markets
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Bitcoin ETFs log $4.4B in outflows over record 13-day losing streak
US spot Bitcoin ETFs experienced their longest redemption streak since launching in January 2024, with $4.4 billion in cumulative withdrawals over 13 consecutive trading days beginning May 14. Bitcoin fell 21% during the period amid profit-taking and macroeconomic caution.
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Moomoo launches Kalshi prediction markets for retail traders
Moomoo announced a partnership with Kalshi on June 4, 2026, enabling retail traders to access CFTC-regulated event contracts covering Federal Reserve decisions, political events, and sports outcomes.
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Atlas Capital CEO predicts 70% bitcoin crash before $500K rally
Reza Bundy, CEO of the Atlas Capital fund backed by economist Nouriel Roubini, forecasts bitcoin could plunge 70% to $26,000–$30,000 over six months, but remain bullish on a longer-term climb to $500,000 driven by government debt and currency debasement.
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XRP sinks to four-month lows as key support crumbles
XRP dropped 7% in 24 hours to $1.15, erasing four months of trading range gains and slipping below critical support levels as broader digital asset outflows weighed on the token.
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Bitcoin tumbles to $61,300, recovers to $62,500 amid $1.7B liquidations
Bitcoin fell to $61,300 before recovering to $62,500 on Thursday, triggering $1.7 billion in futures liquidations. On-chain metrics show more than half of all bitcoin sitting on unrealized losses, signaling potential further downside.
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Bitcoin re-tests $65,300 floor for third time since February
Bitcoin fell to $65,300 overnight before recovering to $67,000 ahead of U.S. stock market open. This marks the third test of the February 6 low since the spring, following successful recoveries in February and March.
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Bitcoin plunges below $66,000 as global stocks hit fresh records
Bitcoin fell 6.4% to $65,708 in Asian trading Wednesday, while Ether dropped 7.9% below $1,900, even as the MSCI All Country World Index and semiconductor stocks reached fresh all-time highs on the AI rally.
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Bitcoin drops 12% as investors flee to dollar stablecoins
Bitcoin dropped 12% to $66,800 this week as crypto investors shift capital into dollar-linked stablecoins. Tether dominance hit 8.30%, the highest since late February, even as traditional markets remain calm.
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Bond traders position for Fed rate hikes as early as mid-2027
Bond traders are now positioning for potential Federal Reserve rate hikes as early as mid-2027, a reversal from earlier dovish expectations. The shift reflects persistent wage growth, a resilient labor market, and rising oil prices tied to Middle East tensions.
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Galaxy Digital launches OTC prediction markets for institutions
Galaxy Digital launched over-the-counter prediction markets for institutional investors, completing a $10 million trade with hedge fund Arca tied to the proposed CLARITY Act crypto legislation.
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Hedgebook launches S&P 500 hedging app using Kalshi prediction markets
Hedgebook has launched a user interface that maps roughly 500 S&P 500 stocks to 47 prediction market contracts on Kalshi, allowing institutional investors to hedge macroeconomic risks without options complexity.
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Goldman Sachs: MLCC upcycle extends to 2030 on AI infrastructure
Goldman Sachs Research projects an unprecedented upcycle in multi-layer ceramic capacitors extending through 2030, driven by hyperscaler spending on AI infrastructure, revising pricing forecasts and extending prior cycle expectations by roughly two years.
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Lenovo Stock Doubles in May as AI Revenue Hits 38% of Sales
Lenovo's stock surged 109% in May, its best month in 27 years, after posting record earnings driven by AI server demand. The world's largest PC maker saw AI-related revenue grow 84% year-on-year, prompting Goldman Sachs to more than double its price target.
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Iceland Finance Ministry: Króna Costs Outweigh Benefits
Iceland's Finance Ministry concluded that maintaining the króna costs more than it's worth, citing high inflation and elevated borrowing costs. A government-commissioned report suggests euro adoption could lower interest rates and improve economic stability.
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Nasdaq implied correlation hits record low, raising volatility risk
The Nasdaq's implied correlation has fallen to its lowest level in at least 23 years, suggesting individual stocks are diverging sharply. Traders are betting on continued dispersion, but history shows such extremes often precede sudden re-correlation events and volatility spikes.
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US-Iran agreement stabilizes gold and crypto markets
A tentative US-Iran agreement struck May 28 requires Iran to clear mines from the Strait of Hormuz within 30 days. Gold has stabilized near $4,700 per ounce and Bitcoin sentiment has steadied, though traders remain cautious about durability.
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UBS: Family offices cut US exposure as trade war fears mount
UBS's 2025 Global Family Office Report shows wealthy families are reducing US portfolio allocations amid trade tensions and geopolitical uncertainty, with roughly 80% of assets still concentrated in North America and Western Europe.
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Ether slides below $2,000 as futures open interest hits record 16.39M tokens
Ethereum dropped below $2,000 for the first time since late March amid heavy selling pressure, while futures open interest surged to a record high of 16.39 million tokens ($32.5 billion notional value). The divergence signals aggressive net shorting and growing skepticism about ETH's value proposition.
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Bitcoin longs defend $70K support as spot ETF outflows hit $1.5B
Bitcoin traders opened long positions to hold support near $70,000 while spot ETF outflows exceeded $1.5 billion over seven days. Analysts warn that negative Coinbase premium signals caution ahead of inflation data.
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US strikes Iran: Bitcoin plunges below $80K amid geopolitical tensions
US military strikes on Iranian targets in early May triggered a sharp selloff in cryptocurrency markets, with Bitcoin dropping below $80,000 and roughly $300 million in crypto futures liquidated as traders fled risk amid escalating Middle East tensions.
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H100 GPU rental rates retreat after May spike, Bloomberg Terminal index shows
H100 rental prices pulled back 3% to 9% after hitting an all-time high on May 25, according to Ornn's Compute Price Index, now accessible on Bloomberg Terminal. The index marks a shift toward financialization of the GPU rental market.
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Bitcoin slides to $75,498 as golden cross setup emerges
Bitcoin slid to $75,498 in Asian trading Tuesday while Zcash fell 9%, even as global equities hit record highs. The largest cryptocurrency's 50-day and 200-day moving averages are on track to cross in coming weeks—a setup known as a golden cross that traders watch for directional signals.
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TeraWulf Stock Rises 9% on Kentucky AI Data Campus Acquisition
Bitcoin miner TeraWulf announced the acquisition of a 285-acre site in eastern Kentucky to build the Muskie Data Campus, expected to support over one gigawatt of AI data center capacity, sending shares up 9% to $24.78 on the day.
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Bitcoin ETFs see $1.4B outflows as Treasury yields hit 2025 highs
US spot Bitcoin ETFs experienced $1.4 billion in net outflows during the week ending May 25, as Treasury yields climbed to their highest levels since January 2025, signaling diminished prospects for Federal Reserve rate cuts.