The man who predicted theĀ 2008 Housing CrashĀ is back with another MAJOR warning š
š Ā 2008: Michael Burry shorted the subprime mortgage market when no one believed him ā and the crash proved him right.
š¤Ā 2025: Burry now warns that theĀ AI & Tech sector may be in a massive bubble, driven by sky-high valuations and accounting tricks. He has even placedĀ put optionsĀ against major AI stocks.
ā ļø Is history about to repeat???
Burry thinks the market is ignoring real risks again.
ā
š¶Ā Post by :Ā Aswath Ravindran š¶ Stay informed. Stay ahead.
šøĀ What Are Interest Rates? The Federal Reserve (Fed) sets benchmark interest rates to control inflation and stabilize the economy. These rates directly affect borrowing costs for individuals and businesses.
š«Ā Why No Rate Cut (Yet)? Despite market pressure, the FedĀ holds rates at 4.25%ā4.50%Ā because: ā¢Ā Inflation is still above the 2% target ā¢Ā Strong job market = high consumer demand ā¢Ā Rate cuts too early = risk of overheating
šĀ Impact on Markets: ⢠šĀ Stock Market: Lower rates = more liquidity = bullish sentiment ⢠šĀ Crypto: Rate cuts boost risk-on assets like Bitcoin & ETH ⢠šµĀ Dollar Index: Weakens when rates drop ā strengthens other assets
šØ BREAKING: šŗšø Federal Reserve holds interest rates steady at 4.25% - 4.50% for Fifth consecutive time.
šļø As widely expected, the Fed chose not to cut rates during its latest policy meeting.
š¬ Jerome Powell reiterated that while inflation is easing, the Fed is not ready to cut until stronger signs of economic slowdown or sustained price stability emerge.
š Traders now await signals for potential cuts in Q4 2025, as pressure mounts from markets and political figures.
šØ JUST IN Emirates partners with Crypto.com for crypto payments šāļø
š¦šŖ Emirates airline has signed a preliminary agreement with Crypto.com, paving the way to book flight tickets using Bitcoin and other major cryptocurrenciesāstarting next year. Dubai Duty Free is also joining the initiative, aligning with Dubaiās D33 vision to become a leading digital economy hub. ļæ¼ ļæ¼ ļæ¼
š That meansāyesāyouāll soon be able to book Emirates flights with crypto! A major leap in travel payments for tech-savvy tourists.
āø»
š« What This Means : ⢠š Seamless crypto payments for flights & shopping ⢠š³ No need to convert to fiatājust pay directly ⢠š° Rewards and exclusive deals via Crypto.com Card
Elon Musk launches a new political party in the U.S.Ā š³ļøā”ļø
šŗšø Amid growing tension with President Trump, Elon Musk has officially announced the formation of aĀ new political partyĀ ā marking a seismic shift in the American political landscape.
š„ This move follows a heated public fallout, where Trump criticized Musk, and Elon responded with bold accusations and calls for political change.
š§ The new party is expected to prioritize:
=> Free speech & censorship resistance => Crypto and blockchain adoption => AI regulation & innovation => Economic independence from legacy systems
š¢ āWithout me, Trump would have lost the election,ā Musk had said ā hinting at long-brewing friction now erupting into political action.
š§ This is a first-of-its-kind political leap by a tech billionaire with influence over financial markets, crypto, and media.
š¢Ā JUST IN: Bitcoin overtakes Google to claim the 6th spot among global assets
š With a market cap now atĀ $2.13T, Bitcoin ranks just behind gold, Nvidia, Microsoft, Apple, and Amazonāsurpassing Alphabet to seize the sixth position.
š Top 10 Largest Assets in the World by Market Cap š°š (Including Companies, Commodities & Crypto)
šĀ TOP 10 LARGEST ASSETS IN THE WORLD (By Market Cap) šļøĀ As of Today
7ļøā£ šĀ Google (Alphabet)Ā šŗšø āĀ $2.10 Trillion 8ļøā£ š„Ā SilverĀ š āĀ $2.02 Trillion 9ļøā£ šĀ Meta (Facebook)Ā šŗšø āĀ $1.83 Trillion š š¢ļøĀ Saudi AramcoĀ šøš¦ āĀ $1.57 Trillion šĀ BTC is now the 6th largest asset in the world!
š§ Compiled by:Ā Aswath Ravindran
š¢Ā Bitcoin has flipped Google!
Crypto is now side-by-side with global giants š„
Cybersecurity firm Kaspersky confirms that SparkKitty malware has infiltrated iOS & Android appsāeven in official stores like App Store & Google Playāto secretly steal gallery images. The goal: grab screenshots of crypto wallet seed phrases.
How to Protect Yourself: ā Donāt store seed phrases as screenshotsāwrite them on paper. ā Only install verified apps from trusted developers. ā Use antivirus tools and enable Play Protect.
Stay safe and always double-check permissions! š
šØ 8:00 AM EST šŗšø President Trump says he's "very disappointed" with Elon Musk. šØ 8:25 AM EST Trump says: "I donāt know if Iāll continue to have a great relationship with Elon." šØ 9:00 AM EST Trump adds: "I asked Elon to leave, and he just went CRAZY." šØ 9:40 AM EST Trump: "The easiest way to save money⦠is to terminate Elonās governmental subsidies & contracts." šØ 10:10 AM EST
šŗšø Elon Musk fires back: "Without me, Trump would have lost the election." šØ 10:50 AM EST Musk drops a bomb: "Trump is in the Epstein files. Thatās why theyāre not public." šØ 11:30 AM EST President Trump says he doesnāt mind Elon turning against him. šØ 12:00 PM EST BREAKING: Elon Musk agrees Trump should beĀ impeached, endorsesĀ JD VanceĀ as a replacement. šØ 1:00 PM EST Musk warns: "Trumpās tariffs will cause aĀ recessionĀ in the second half of 2025."
šĀ MARKET IMPACT ā Tesla $TSLA plungedĀ 14%Ā š ā Teslaās Market Cap:Ā $150+ BillionĀ wiped out ā Elon Muskās Net Worth: dropped byĀ $34 Billion ā š»Ā Crypto Liquidations:Ā $285M liquidated in 60 mins due to market panic.
š§ Ā This rare public clash between a former President and one of the worldās wealthiest men has sent shockwaves across financial and crypto markets.
JPMorgan to Accept Bitcoin & Crypto ETFs as Loan Collateral
šĀ In a landmark decision, JPMorgan Chase will allow clients to use Bitcoin and crypto ETFs, starting with BlackRockās iShares Bitcoin Trust (IBIT), as collateral for loans.Ā
This policy shift treats digital assets similarly to traditional assets like stocks and real estate in wealth management evaluations.Ā
Donald Trump to Launch Crypto Wallet & Trading App
š± Trump Media & Technology Group is set to introduce a new crypto wallet and trading platform. The app will support Trumpās own memecoin, $TRUMP , along with other popular cryptocurrencies. ļæ¼ ļæ¼
š¤ Developed in partnership with Magic Eden and powered by Slingshot, the platform aims to provide a seamless crypto experience for users. ļæ¼
š¢ 2:30 PM EDT (New York) š 7:30 PM BST (London) šµ 11:00 PM IST (India) š“ 1:30 AM SGT (Singapore, June 3)
šĀ Market Watch: If PowellĀ hints at rate cuts or increased money printing, markets could seeĀ heightened volatilityĀ tonight across stocks and crypto.
ā ļø Traders globally are watching closely.
šĀ Source:Ā Federal Reserve Board šļø Post by:Ā Aswath Ravindran
UK PM Candidate Nigel Farage Pledges to Make Bank of England Hold Bitcoin!
š¬š§ JUST IN
šĀ Plans include establishing a national Bitcoin reserve and integrating cryptocurrencies into the UK's financial system. šĀ Source: The Times šļøĀ Post by:Ā Aswath Ravindran #bitcoin #NigelFarage #CryptoNews #UKPolitics #ReformUK
šĀ Case dismissed with prejudice, marking a significant win for the crypto industry.The Verge This decision reflects a shift towards more favorable crypto regulations under the current U.S. administration. šĀ Source: Reuters šļøĀ Post by:Ā Aswath Ravindran #Binance #SEC #CryptoNews #CZ #Regulation