This legendary tweet went out exactly an year ago.

Still vibing?!

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PayPal discloses it held $499m BTC for customers on March 31. That's up from $291m on Dec 31.

Matches BTC's percentage gain in that period. They're buying and holding.

Will be interesting to see any info from Fidelity later this year.

Filing, page 16:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001633917/000163391723000072/pypl-20230331.htm

Bloomberg: Jane Street Group and Jump Crypto — two of the world’s top market-making firms — are pulling back from trading digital assets in the US as regulators crack down on the industry.

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Binance Will Move AMB, ARK, BTS, DREP, FTT, GFT, JASMY, LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX, and YFII into the Innovation Zone on 2023-05-10.

The Innovation Zone was introduced to give Binance users a place to trade innovative projects with higher volatility and risk compared to other listed tokens. When we identify such projects during our periodic review, we will move them into the Innovation Zone. Projects placed in the Innovation Zone will be closely monitored on their developments.

https://www.binance.com/en/support/announcement/binance-will-move-amb-ark-bts-drep-ftt-gft-jasmy-loom-mln-oax-omg-perl-pnt-snm-srm-vgx-wrx-and-yfii-into-the-innovation-zone-on-2023-05-10-2f420fa36bcd4fe89dc6855b857b7ea9

Warren Buffett’s stock portfolio is now worth $347 billion.

86% of it is invested in these 8 companies:

Apple
Bank of America
Chevron
Coca-Cola
American Express
Occidental Petroleum
Kraft Heinz
Moody's

Buffett is now sitting on a $130 billion cash pile.

Telegram | Twitter

U.S. CPI in 30 min

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US inflation falls to 4.9%, lower than expectations.

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Ethereum may experience serious pressure on the price in the near future:

The largest staker of ETH coins, Lido Finance, announced the release of an update on May 15, in which the withdrawal of coins from staking pools will become available. The developers claim that the withdrawal will take up to 3 days, and the initial available withdrawal amount from the pool will be about 270,000 ETH ( ~500,000,000$ ).

Also, we recall that in total, more than 6 million ETH are stored in Lido, with a total value of about $12 billion.

Will $0.5 billion shake the price of ETH? We'll find out after May 15.

https://twitter.com/LidoFinance/status/1655656843501355009

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Today #tether announces its Q1 2023 Assurance Report (attestation) 👀

- Net profit for this quarter of $1.48bn leading to a surplus over reserves of $2.44B- an all time high!! 🤯

- This report adds new explicit separate categories for our #Bitcoin  and Gold 🪙 holdings, representing 2% and 4% of our total reserves respectively.

- We have reduced secured loans from 8.7% to 6.5% of reserves. A 25% reduction! We shall continue to 0 as promised.

- Q1/2023 shows direct US T-bill holdings of over $53bn (another all time high for Tether) representing more than 64% of total reserves.

- A massive reduction in bank deposits, lowering our unsecured counterparty exposure.

- All new issuance of tokens in Q1/2023 was invested in US t-bills or placed in overnight reverse repo facilities (fully collateralised by US treasuries). With $7.5bn now directly invested in overnight reverse repo, our reserves continue to be not only extremely high quality but also highly liquid.

To give you a comparison: Blackrock Q1 net income: $1.16 billion

https://twitter.com/paoloardoino/status/1656301275645108224

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UAE’s Royal Group Shorts US Stocks on Global Recession Fears

Royal Group has built short position worth billions of dollars

Firm helps manage one of the world’s biggest family fortunes

https://www.bloomberg.com/news/articles/2023-05-10/uae-s-royal-group-shorts-us-stocks-on-global-recession-fears

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RUMORS: US govt bitcoin wallets on the move.

https://blockstream.info/tx/0d3873d4a9e5b31156605143f27b84a503d69f70df46b31576bc26f7a6c947ae

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New York introduces bill to accept stablecoins as a form of payment for bail.

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What do you think happens first?

👍 BTC to $30k
👎 BTC to $26k

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Robinhood reported cryptocurrency trading revenues declined 30% during the first quarter of this year to $38 million.

During the same quarter in 2022, the company reported trading revenues of $54 million.

Robinhood also reported that its crypto assets "under custody" dipped by 42% year-on-year to $12 billion.

https://www.theblock.co/post/230330/robinhood-reports-steep-30-decline-in-crypto-trading-revenues-year-on-year

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Binance Will Reduce the Processing Time for ETH Staking Withdrawals.

Following feedback from the community, Binance will reduce the processing time for ETH Staking withdrawal requests to five days, effective from 2023-05-18 08:00 (UTC). This is a large decrease from the initial processing time required (i.e., 15 days).

https://www.binance.com/en/support/announcement/binance-will-reduce-the-processing-time-for-eth-staking-withdrawals-98539cbc6e794dbebccac64004aaf59c

April PPI inflation, the Fed's "preferred inflation gauge," falls to 2.3%, below expectations of 2.4%.

Core PPI fell to 3.2% which was also below expectations of 3.3%.

There seems to be more data suggesting that a "Fed pivot" is on the horizon.

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A meme token whose handle is followed by CZ suddenly wakes up and sees massive activity.

Is there something that we don't know and 'they' know?

https://dropstab.com/coins/green-shiba-inu

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This decline suggests that approximately 266,000 bitcoins, acquired between November and January, have been sold from the 1st of May until now.

https://cryptoquant.com/insights/quicktake/645c024dbbe24f02e5f81973-Can-you-provide-a-more-concise-explanation-for-the-decline-in-Bitcoins-price-fro

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U.S. Chamber of Commerce files brief calling out the SEC for refusing to answer which digital assets are securities, saying its actions are "unlawful."

"THE SEC’S DELAY IS CAUSING GREAT ECONOMIC HARM."

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Elon Musk has hired a new CEO of Twitter, who will take over in six weeks.

https://twitter.com/elonmusk/status/1656748197308674048

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