🚨 TODAY: Goldman Sachs CEO David Solomon says there is "more greed than fear" on Wall Street, with plenty of liquidity to absorb upcoming mega IPOs, per FT.
🇺🇸 The Clarity Act has officially been reported out of the Senate Banking Committee and placed on the Senate Legislative Calendar.
On May 14, the committee voted to advance the bill.
As of June 1, that process is complete and the legislation is now eligible to be scheduled for consideration by the full Senate. The next major hurdle is a floor vote.
🇫🇷 French public company Capital B $ALCPB is looking to get the green light from its shareholders to boost its capital by up to $5.82 billion by issuing new shares.
Additionally, they're eyeing up to $116.4 billion for the issuance of credit instruments to scoop up more #bitcoin .
Bitcoin dropped $5,800 (-8%) in just 48 hours after news emerged that Strategy had sold only 32 BTC
The reaction has left many traders scratching their heads. A sale of 32 BTC is insignificant compared to #strategy massive holdings, yet the market responded as if a major distribution event had occurred.
The move highlights how sensitive sentiment remains around Bitcoin treasury companies. In some cases, the narrative surrounding a sale can have a larger short-term impact than the actual amount sold.
Ironically, while recent purchases involving thousands of BTC have struggled to move the market higher, a disclosure involving just 32 BTC was enough to trigger a sharp sell-off.
For now, the market appears to be trading headlines rather than fundamentals.