GM degens ☕️

Macro heating up while crypto bleeds another $630M in April hacks. Here's what actually matters:

🔴 MACRO SNAPSHOT

PCE at 3.5% YoY, Core 3.2% — highest since Aug/Nov 2023. Fed cut odds jumped to 65% for June. GDP came in soft at 2.0% vs 2.3% est but markets rallied anyway (S&P +0.8%, Nasdaq +1.1%). Soft landing copium still alive.

Apple crushed earnings: $111.2B revenue, $100B buyback, Tim Cook stepping to chairman. Amazon beat hard on $16.8B Anthropic gains. AWS printing $37.6B.

Brent crude cooling to $114 after Iran-Hormuz panic. US-Iran nuclear talks dead in the water.

Senate banned prediction market trading for staff (Polymarket, Kalshi). Unanimous vote. RIP insider edge.

🟢 CRYPTO ALPHA

April was a bloodbath: $630M stolen across 25+ exploits. KelpDAO ($293M) and Drift ($280M) = 82% of losses. Security still a joke.

MegaETH (MEGA) listed at $999M FDV across 11 CEXes (Coinbase, Bybit, Kraken). ETH L2 that raised $50M last Oct. Watch the unlock schedule.

PayPal restructured into "Payment Services & Crypto" division. PYUSD B2B up 730% YoY. Traditional finance slowly waking up.

Tether Q1 attestation: $1.04B profit, $191.8B reserves vs $183B USDT supply. $8.23B buffer (ATH). $141B in US Treasuries, $20B gold, $7B BTC. Still the stablecoin king.

Ripple x OKX: RLUSD live on 280+ pairs, usable as perp margin. XRPL rails for deposits/withdrawals. Institutional stablecoin play heating up.

Shinhan Card (28M users, $145B volume) testing Solana stablecoin payments on testnet. Korea adoption signal.

📊 TLDR: Macro soft-landing narrative holding, crypto infrastructure maturing but security still broken. Follow the stablecoin flows and watch for June Fed pivot.