May: CLARITY Act cleared committee. Warsh at the Fed. Moody's US downgrade. $2.85B in Bitcoin ETF outflows. VanEck BNB ETF launched. SpaceX disclosed $1.29B in BTC. BitMine accumulated 4.37% of all ETH. BTC fell 5.1%.

The price fell. The architecture did not stop building.

June calendar: CME Bitcoin volatility futures live today. SpaceX IPO June 11. FOMC June 16-17. CLARITY Act Senate floor vote. Warsh's first rate signal.

The setup is done. June is the test.