🔥 Here's the latest news from Saudi Arabia:
Saudi Arabia is investing \$600 billion in the USA.
Humain and Nvidia have announced a strategic partnership to build AI factories of the future in Saudi Arabia.
Google, DataVolt, Oracle, Salesforce, AMD, and Uber are planning to invest \$80 billion in advancing technologies in both the USA and Saudi Arabia as part of a new agreement.
Nvidia will send 18,000 of its top AI chips to Saudi Arabia (sharing technologies).
Good news for the markets, including crypto: Nvidia's stock has already reacted with a +5% increase, which, in turn, is a positive signal for the entire AI narrative.
Saudi Arabia is investing \$600 billion in the USA.
Humain and Nvidia have announced a strategic partnership to build AI factories of the future in Saudi Arabia.
Google, DataVolt, Oracle, Salesforce, AMD, and Uber are planning to invest \$80 billion in advancing technologies in both the USA and Saudi Arabia as part of a new agreement.
Nvidia will send 18,000 of its top AI chips to Saudi Arabia (sharing technologies).
Good news for the markets, including crypto: Nvidia's stock has already reacted with a +5% increase, which, in turn, is a positive signal for the entire AI narrative.
Retail investor interest is recovering
Since April 28, when the trend shifted to positive, purchases of up to $10k from retail investors have increased by +3.40% as of May 13.
This type of interest typically signals a shift in market sentiment—from fear to more confident, fundamentally driven interest.
Since April 28, when the trend shifted to positive, purchases of up to $10k from retail investors have increased by +3.40% as of May 13.
This type of interest typically signals a shift in market sentiment—from fear to more confident, fundamentally driven interest.
China’s Ministry of Commerce: Starting May 14, China is suspending export restrictions for 28 U.S. companies for 90 days.
Meanwhile, Qatar signed a $200B deal with the U.S. to purchase 160 Boeing aircraft — the largest order in the company’s history.
Looks like Trump’s plan is unfolding as expected.
Meanwhile, Qatar signed a $200B deal with the U.S. to purchase 160 Boeing aircraft — the largest order in the company’s history.
Looks like Trump’s plan is unfolding as expected.
🚀 Launchcoin: From Failure to a $280M Comeback
25-year-old Australian founder Ben Pasternak launched Clout, a Solana-based app where a single tweet could become a token.
🔹 The first token, PASTERNAK, exploded to a market cap of $80M in just a few days.
🔻 Then it crashed by 99%, dropping below $300K.
💬 It became a meme and a joke in crypto groups.
But in May, everything changed:
🔁 Clout was rebranded to Believe
🚀 The token was relaunched as LAUNCHCOIN
From $0 → $80M → $300K → $280M peak market cap.
Crypto trader Unipcs (aka Bonk Guy, known for $25M in BONK profits) shared the story and lessons from it:
The takeaway:
If a project has a strong narrative and loyal community — it’s never truly dead.
(Not financial advice.)
25-year-old Australian founder Ben Pasternak launched Clout, a Solana-based app where a single tweet could become a token.
🔹 The first token, PASTERNAK, exploded to a market cap of $80M in just a few days.
🔻 Then it crashed by 99%, dropping below $300K.
💬 It became a meme and a joke in crypto groups.
But in May, everything changed:
🔁 Clout was rebranded to Believe
🚀 The token was relaunched as LAUNCHCOIN
From $0 → $80M → $300K → $280M peak market cap.
Crypto trader Unipcs (aka Bonk Guy, known for $25M in BONK profits) shared the story and lessons from it:
"The community mocked it. I thought about buying at $300K but didn’t. Pow kept buying through the lows. Now it’s back on top."
The takeaway:
If a project has a strong narrative and loyal community — it’s never truly dead.
(Not financial advice.)
🚀 New Essay by Arthur Hayes — “Fatty Fatty Boom Boom”: What’s Happening to the Global Economy and Crypto?
Arthur Hayes opens with Lizzo, the singer and body-positivity icon who proudly embraces her figure despite criticism. Lizzo becomes a metaphor for the American economy — “fat” with massive debt and deficits, yet still projecting strength.
The Current State: Pax Americana Under Pressure
* U.S. national debt has hit record highs.
* Real yields on bonds are falling, signaling investor distrust and potential budget financing issues.
* The U.S. struggles to maintain spending without increasing debt burdens.
Why the Economic “Obesity”?
* The food industry sold processed junk food; pharma treated symptoms, not causes.
* Similarly, the economy kept expanding credit endlessly without meaningful corrections.
Capital Controls as the Fix
Hayes predicts the U.S. will introduce capital controls instead of tariffs to fix the trade deficit:
* A 2% annual tax on foreign ownership of U.S. assets might replace income tax for most Americans.
* Foreign capital will either pay the tax or leave, weakening the dollar but boosting domestic production.
* This will cause a weaker dollar and higher asset prices.
Federal Actions to Replace Foreign Capital:
* Halt balance sheet reduction (QT) on mortgage and Treasury bonds.
* Restart quantitative easing (QE) for these assets.
* Exempt mortgage bonds and Treasuries from supplementary leverage ratio (SLR) requirements.
* Increase Treasury buybacks.
Is This the Dawn of a Crypto Golden Age?
* Bitcoin as digital gold: a hedge against inflation and currency debasement.
* Hayes values foreign portfolio assets in the U.S. at \$33 trillion. If just 10% (\~\$3.3T) flows into BTC, its price could hit \$1 million by 2028.
* Taxes on foreign U.S. assets will drive capital to alternatives like Bitcoin and gold.
Key Indicators to Watch:
* 10-year Treasury yields at 4.5–5%
* MOVE Index above 140 — both signaling Fed intervention likely, supporting Bitcoin’s rise.
Arthur Hayes paints a bold picture of a debt-bloated America pivoting to capital controls — and crypto emerging as the global financial safety net.
Arthur Hayes opens with Lizzo, the singer and body-positivity icon who proudly embraces her figure despite criticism. Lizzo becomes a metaphor for the American economy — “fat” with massive debt and deficits, yet still projecting strength.
The Current State: Pax Americana Under Pressure
* U.S. national debt has hit record highs.
* Real yields on bonds are falling, signaling investor distrust and potential budget financing issues.
* The U.S. struggles to maintain spending without increasing debt burdens.
Why the Economic “Obesity”?
* The food industry sold processed junk food; pharma treated symptoms, not causes.
* Similarly, the economy kept expanding credit endlessly without meaningful corrections.
Capital Controls as the Fix
Hayes predicts the U.S. will introduce capital controls instead of tariffs to fix the trade deficit:
* A 2% annual tax on foreign ownership of U.S. assets might replace income tax for most Americans.
* Foreign capital will either pay the tax or leave, weakening the dollar but boosting domestic production.
* This will cause a weaker dollar and higher asset prices.
Federal Actions to Replace Foreign Capital:
* Halt balance sheet reduction (QT) on mortgage and Treasury bonds.
* Restart quantitative easing (QE) for these assets.
* Exempt mortgage bonds and Treasuries from supplementary leverage ratio (SLR) requirements.
* Increase Treasury buybacks.
Is This the Dawn of a Crypto Golden Age?
* Bitcoin as digital gold: a hedge against inflation and currency debasement.
* Hayes values foreign portfolio assets in the U.S. at \$33 trillion. If just 10% (\~\$3.3T) flows into BTC, its price could hit \$1 million by 2028.
* Taxes on foreign U.S. assets will drive capital to alternatives like Bitcoin and gold.
Key Indicators to Watch:
* 10-year Treasury yields at 4.5–5%
* MOVE Index above 140 — both signaling Fed intervention likely, supporting Bitcoin’s rise.
Arthur Hayes paints a bold picture of a debt-bloated America pivoting to capital controls — and crypto emerging as the global financial safety net.
US data released: Producer Price Index (PPI) came in below expectations:
* Overall PPI: 2.4% vs. expected 2.5%
* Core PPI: -0.4% vs. +0.3% expected
This is the largest drop since April 2020. Unlikely we’ll see a rate cut in June, but these numbers are very positive.
* Overall PPI: 2.4% vs. expected 2.5%
* Core PPI: -0.4% vs. +0.3% expected
This is the largest drop since April 2020. Unlikely we’ll see a rate cut in June, but these numbers are very positive.
Is the whole world buying Bitcoin?
Every day, more companies — and even entire countries — are revealing their BTC investments. It looks like a global Bitcoin race is starting.
Here are just a few notable examples from recent days:
* Abu Dhabi’s Sovereign Wealth Fund disclosed \$408 million invested in BlackRock’s BTC-ETF.
* Chinese company DDC Enterprise Ltd announced plans to accumulate 5,000 BTC over the next 36 months, making Bitcoin a strategic reserve asset.
* Brazilian company Meliuz purchased Bitcoin worth \$28.4 million.
* Saudi Arabia’s central bank reported holding shares in Strategy.
* Fold Holdings increased their reserves to 1,490 BTC, about 50% more than in Q4 2024.
* UK-based Coinsilium Group is raising £1.25 million to buy BTC.
Every day, more companies — and even entire countries — are revealing their BTC investments. It looks like a global Bitcoin race is starting.
Here are just a few notable examples from recent days:
* Abu Dhabi’s Sovereign Wealth Fund disclosed \$408 million invested in BlackRock’s BTC-ETF.
* Chinese company DDC Enterprise Ltd announced plans to accumulate 5,000 BTC over the next 36 months, making Bitcoin a strategic reserve asset.
* Brazilian company Meliuz purchased Bitcoin worth \$28.4 million.
* Saudi Arabia’s central bank reported holding shares in Strategy.
* Fold Holdings increased their reserves to 1,490 BTC, about 50% more than in Q4 2024.
* UK-based Coinsilium Group is raising £1.25 million to buy BTC.
Big players believe in ETH
Probably everyone was hating on Ethereum when it was around \$1400–\$1500. But as history showed, that was one of the best entry points for returns.
Most crypto folks still keep doubting and hating on ETH, but at the same time, big players are accumulating it and integrating it into their products:
* Abraxas Capital bought over \$650 million worth of Ethereum.
* Coinbase and Kraken are launching their own L2 solutions on Ethereum.
* BlackRock’s stablecoin primarily operates on Ethereum.
* Visa is building a tokenization platform based on Ethereum.
* Sony and Samsung collaborate on creating an Ethereum L2.
* Deutsche Bank is developing an L2 solution on Ethereum.
* Alibaba is creating an L2 platform and tokenization based on Ethereum.
* The RWA (Real World Assets) sector and DeFi mostly run on Ethereum as well.
Sometimes it’s better to pay less attention to the noise in Telegram channels and focus more on what the big players are doing — because they set the trends and ignite real growth impulses.
Probably everyone was hating on Ethereum when it was around \$1400–\$1500. But as history showed, that was one of the best entry points for returns.
Most crypto folks still keep doubting and hating on ETH, but at the same time, big players are accumulating it and integrating it into their products:
* Abraxas Capital bought over \$650 million worth of Ethereum.
* Coinbase and Kraken are launching their own L2 solutions on Ethereum.
* BlackRock’s stablecoin primarily operates on Ethereum.
* Visa is building a tokenization platform based on Ethereum.
* Sony and Samsung collaborate on creating an Ethereum L2.
* Deutsche Bank is developing an L2 solution on Ethereum.
* Alibaba is creating an L2 platform and tokenization based on Ethereum.
* The RWA (Real World Assets) sector and DeFi mostly run on Ethereum as well.
Sometimes it’s better to pay less attention to the noise in Telegram channels and focus more on what the big players are doing — because they set the trends and ignite real growth impulses.
Stocks are falling, but BTC is rising
Bitcoin recorded its highest weekly close in history last night — around \$107k per BTC, followed immediately by a drop to \$102k.
It looks like a typical manipulation where shorts were squeezed out first, then longs.
But what is really happening, and what is the market trying to tell us?
The main reason for the stock market decline last week was Moody’s downgrade of the US credit rating, which triggered a sell-off in US government bonds due to deficit concerns. This is bad for stocks but good for deflationary assets like Bitcoin and gold.
If the US fails to find buyers for its bonds after the downgrade, the Fed will likely have to intervene with quantitative easing (QE).
Let’s see how the stock markets open today. Futures on the S\&P 500 and other indexes are already down about 1%, which could mean a BTC correction to around \$100k this week.
At the same time, Arthur Hayes is extremely bullish on the market and today shared new forecasts:
* Target BTC price by year-end — \$250k
* Altseason will start this summer or early Q3
* ETH may outperform Solana in growth over the next 18–24 months
* By the end of Trump’s term, he expects BTC to reach \$1 million, with gold making up about 20% of his personal portfolio.
It’s still hard to draw firm conclusions — we need to monitor the stock markets, macro, and political situation — but overall, the factors for future growth are there.
Bitcoin recorded its highest weekly close in history last night — around \$107k per BTC, followed immediately by a drop to \$102k.
It looks like a typical manipulation where shorts were squeezed out first, then longs.
But what is really happening, and what is the market trying to tell us?
The main reason for the stock market decline last week was Moody’s downgrade of the US credit rating, which triggered a sell-off in US government bonds due to deficit concerns. This is bad for stocks but good for deflationary assets like Bitcoin and gold.
If the US fails to find buyers for its bonds after the downgrade, the Fed will likely have to intervene with quantitative easing (QE).
Let’s see how the stock markets open today. Futures on the S\&P 500 and other indexes are already down about 1%, which could mean a BTC correction to around \$100k this week.
At the same time, Arthur Hayes is extremely bullish on the market and today shared new forecasts:
* Target BTC price by year-end — \$250k
* Altseason will start this summer or early Q3
* ETH may outperform Solana in growth over the next 18–24 months
* By the end of Trump’s term, he expects BTC to reach \$1 million, with gold making up about 20% of his personal portfolio.
It’s still hard to draw firm conclusions — we need to monitor the stock markets, macro, and political situation — but overall, the factors for future growth are there.
Alliance DAO founder: “Scammers using leaked Coinbase data bragged they made \$7 M in a single day.”
How the con works:
1. Cold‑call or text: “Your Coinbase account was hacked.”
2. “Verify” personal info and balance (to skip small accounts).
3. Tell you to “secure” funds in a Coinbase self‑custody wallet.
4. Walk you through creating the wallet—dictating the seed phrase.
5. Once you move your coins, they drain it (they have the seed).
I told them the scam was pathetic.
They replied: “We already pulled in \$7 M today.”
How the con works:
1. Cold‑call or text: “Your Coinbase account was hacked.”
2. “Verify” personal info and balance (to skip small accounts).
3. Tell you to “secure” funds in a Coinbase self‑custody wallet.
4. Walk you through creating the wallet—dictating the seed phrase.
5. Once you move your coins, they drain it (they have the seed).
I told them the scam was pathetic.
They replied: “We already pulled in \$7 M today.”
Behemoth, still breathing…
Some quick CMC stats:
• Min. price: \$0.015 (≈ \$15 M right after Binance futures listing)
• Max. price: \$0.69
• Current: \$0.216
MOODENG rocketed to a \$700 M cap, crashed –97 %, then jumped 15× off the bottom to nearly \$350 M—all inside six months.
Can’t recall another coin that plunged so hard, then bounced so violently in such a short span.
*(BONK is a rare case: it retraced –96 % and later hit a new ATH, but that took much longer and it faced far less competition during its Q4 2023 pump.)*
Given how exceptional MOODENG already is, odds are it just printed its top—and could stay range‑bound for a while.
Crypto, of course, thrives on 2–3 σ anomalies.
Not financial advice; the author might be wrong.
Actual trade calls live in the private chat.
Some quick CMC stats:
• Min. price: \$0.015 (≈ \$15 M right after Binance futures listing)
• Max. price: \$0.69
• Current: \$0.216
MOODENG rocketed to a \$700 M cap, crashed –97 %, then jumped 15× off the bottom to nearly \$350 M—all inside six months.
Can’t recall another coin that plunged so hard, then bounced so violently in such a short span.
*(BONK is a rare case: it retraced –96 % and later hit a new ATH, but that took much longer and it faced far less competition during its Q4 2023 pump.)*
Given how exceptional MOODENG already is, odds are it just printed its top—and could stay range‑bound for a while.
Crypto, of course, thrives on 2–3 σ anomalies.
Not financial advice; the author might be wrong.
Actual trade calls live in the private chat.
Retail saves the market again
Yesterday, retail investors fully bought up the market dip, massively purchasing shares in Moody’s, exceeding April volumes — within just the first 3 hours after the stock market opened, retail bought \$4.1 billion worth of shares.
Why? Retail investors ignore Moody’s reports and don’t panic over loud headlines like funds do, especially those that trade only AAA-rated stocks.
As for crypto: due to correlation with stocks, there was also a strong buyback. Institutions keep coming in — net inflow to spot BTC ETFs yesterday was \$667.4 million.
Plus, today the US Senate voted to pass the stablecoin bill (GENIUS), removing a procedural obstacle to its final approval.
This is crucial because the bill was close to failing. All top crypto leaders agree that its passage will be a huge catalyst for the crypto market.
The market remains positive though “boring.” We might soon see BTC heading to a new ATH, and whales are actively going long on Bitcoin.
So, for now, we sit on the sidelines, watch how it unfolds — and then decide. We’d like to see a clear breakout above the ATH.
Yesterday, retail investors fully bought up the market dip, massively purchasing shares in Moody’s, exceeding April volumes — within just the first 3 hours after the stock market opened, retail bought \$4.1 billion worth of shares.
Why? Retail investors ignore Moody’s reports and don’t panic over loud headlines like funds do, especially those that trade only AAA-rated stocks.
As for crypto: due to correlation with stocks, there was also a strong buyback. Institutions keep coming in — net inflow to spot BTC ETFs yesterday was \$667.4 million.
Plus, today the US Senate voted to pass the stablecoin bill (GENIUS), removing a procedural obstacle to its final approval.
This is crucial because the bill was close to failing. All top crypto leaders agree that its passage will be a huge catalyst for the crypto market.
The market remains positive though “boring.” We might soon see BTC heading to a new ATH, and whales are actively going long on Bitcoin.
So, for now, we sit on the sidelines, watch how it unfolds — and then decide. We’d like to see a clear breakout above the ATH.
For those who got into crypto back in 2013–16, the whole point of trading altcoins boiled down to one thing — accumulating as much Bitcoin as possible.
Because deep down everyone knew: only BTC really holds value. Plus, back then altcoin trading was mostly done in BTC pairs.
Later, fiat markets, stablecoins, and futures opened up en masse, and by around 2018 people decided it made more sense to take profits in dollars, not BTC.
And now we’re at a point where 95% of people in “crypto” aren’t connected to Bitcoin at all. It’s already \$105k, while most are either sitting on the sidelines or, worse, deep in the red on their altcoins.
Because deep down everyone knew: only BTC really holds value. Plus, back then altcoin trading was mostly done in BTC pairs.
Later, fiat markets, stablecoins, and futures opened up en masse, and by around 2018 people decided it made more sense to take profits in dollars, not BTC.
And now we’re at a point where 95% of people in “crypto” aren’t connected to Bitcoin at all. It’s already \$105k, while most are either sitting on the sidelines or, worse, deep in the red on their altcoins.
The Fate of a Degenerate with a \$836M BTC Long: James May Wynn or Not to Wynn
A degenerate trader opened a long position of 7,764 BTC worth \$836M at an average price of \$105,033 — and this morning, he’s up \$21M in unrealized profit.
Twitter is now asking: "Who is John Galt?"
Here are some facts and thoughts:
1. 🧾 The wallet had links to Alameda Research in 2022 (likely via an OTC deal).
2. 🐸 Spotted Pepe at a very early stage (possibly a team member), made around \$18M in profits.
3. 🇺🇸 Bought 1.3M TRUMP tokens at \$8+ just before a dinner event was announced for holders — resulting in a \$8–10M gain shortly after.
4. 💸 Went long on \$30M worth of Pepe right before a 40–50% pump, netting up to \$25M.
5. 📈 Holds 22.7% of open BTC interest on Hyperliquid — that’s \$830M out of \$3.6B.
6. 💰 Unrealized PnL: \$21M
7. 💸 Paid funding fees: \$1.32M
8. 🔻 Liquidation price: \$100,125
---
What if the market gets spooked?
Let’s say geopolitical tensions escalate (e.g. Middle East news this morning — flagged by U.S. intel). If someone drops a 7,700 BTC market sell on Hyperliquid, the potential dump could be 3–8%.
That means:
* Market makers might pull buy orders to avoid getting caught in a squeeze.
* Others may reposition lower, and hedge aggressively by dumping equivalent BTC on Binance, OKX, Coinbase, Bybit.
If BTC hits \$100K, two outcomes are likely:
* Some MMs exit the book — increasing volatility
* Others ladder buy orders lower, but will immediately sell on other venues to neutralize exposure
This could cause a mini-cascade — and the real question becomes:
*Is this liquidation already priced in? Will BTC bounce from \$97K or \$95K?*
---
Role of HLP Vault (Hyperliquid Protection Vault)
After three major hits (including shorts on \$20M Jelly, \$360M ETH, and \$25M LINK), Jeff from Hyperliquid stated that they’ve limited the vault's risk capacity. From now on:
1. 🔁 Some liquidation pressure will go to market to let MMs reprice it
2. ⚠️ Partial use of Auto-Deleveraging (ADL) is possible
---
Current profitable shorts near \$100K:
* \$151M at \$103.8K
* \$141M at \$105.4K
* \$101M at \$106.3K
* \$89M at \$107K
* \$70M at \$104K
* \$59M at \$105K
* \$53M at \$106.1K
If liquidation hits, profit from these shorts may be used to socialize losses, covering part of James Wynn’s position.
---
Conclusion:
Twitter seems to agree: James Wynn is living like an American Thanksgiving turkey — fattened up, but we all know what happens next.
In 2024, BTC didn't rally until a previous Hyperliquid whale was liquidated at \$52K, losing \$21M — then BTC doubled in just a few months. Could history repeat?
A degenerate trader opened a long position of 7,764 BTC worth \$836M at an average price of \$105,033 — and this morning, he’s up \$21M in unrealized profit.
Twitter is now asking: "Who is John Galt?"
Here are some facts and thoughts:
1. 🧾 The wallet had links to Alameda Research in 2022 (likely via an OTC deal).
2. 🐸 Spotted Pepe at a very early stage (possibly a team member), made around \$18M in profits.
3. 🇺🇸 Bought 1.3M TRUMP tokens at \$8+ just before a dinner event was announced for holders — resulting in a \$8–10M gain shortly after.
4. 💸 Went long on \$30M worth of Pepe right before a 40–50% pump, netting up to \$25M.
5. 📈 Holds 22.7% of open BTC interest on Hyperliquid — that’s \$830M out of \$3.6B.
6. 💰 Unrealized PnL: \$21M
7. 💸 Paid funding fees: \$1.32M
8. 🔻 Liquidation price: \$100,125
---
What if the market gets spooked?
Let’s say geopolitical tensions escalate (e.g. Middle East news this morning — flagged by U.S. intel). If someone drops a 7,700 BTC market sell on Hyperliquid, the potential dump could be 3–8%.
That means:
* Market makers might pull buy orders to avoid getting caught in a squeeze.
* Others may reposition lower, and hedge aggressively by dumping equivalent BTC on Binance, OKX, Coinbase, Bybit.
If BTC hits \$100K, two outcomes are likely:
* Some MMs exit the book — increasing volatility
* Others ladder buy orders lower, but will immediately sell on other venues to neutralize exposure
This could cause a mini-cascade — and the real question becomes:
*Is this liquidation already priced in? Will BTC bounce from \$97K or \$95K?*
---
Role of HLP Vault (Hyperliquid Protection Vault)
After three major hits (including shorts on \$20M Jelly, \$360M ETH, and \$25M LINK), Jeff from Hyperliquid stated that they’ve limited the vault's risk capacity. From now on:
1. 🔁 Some liquidation pressure will go to market to let MMs reprice it
2. ⚠️ Partial use of Auto-Deleveraging (ADL) is possible
---
Current profitable shorts near \$100K:
* \$151M at \$103.8K
* \$141M at \$105.4K
* \$101M at \$106.3K
* \$89M at \$107K
* \$70M at \$104K
* \$59M at \$105K
* \$53M at \$106.1K
If liquidation hits, profit from these shorts may be used to socialize losses, covering part of James Wynn’s position.
---
Conclusion:
Twitter seems to agree: James Wynn is living like an American Thanksgiving turkey — fattened up, but we all know what happens next.
In 2024, BTC didn't rally until a previous Hyperliquid whale was liquidated at \$52K, losing \$21M — then BTC doubled in just a few months. Could history repeat?