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As PEPE heads south amid a falling wedge pattern, smart money investors are shifting attention to new alternatives.
Share link:In this post: Nvidia’s earnings reports now rivals key economic factors like US job reports and inflation figures. The company’s stock has surged 160% this year, making it a major driver of gains in the S&P 500. Bitcoin and other cryptocurrencies took a hit as traders reacted to uncertainty around Nvidia’s upcoming earnings.
Here are the top 5 crypto social narratives in the last seven days.
The company’s CEO said the team was ‘shocked’ by the SEC’s actions.
Long-term Bitcoin holders now possess over $10 billion worth of the asset.
Share link:In this post: Nvidia’s Q2 earnings hit $30 billion, and their success seems to have given Bitcoin a boost, with prices jumping after the report. Strong demand for Nvidia’s AI tech and data center products could mean more demand for crypto mining equipment.
Share link:In this post: Android devices are expected to increase by 7.1% in 2024, while iOS devices are only expected to increase by 0.8%. GenAI smartphones will account for 18% of the market, with 344% growth expected at premium pricing. Apple is setting the stage for the release of new iPhones with AI-integrated features.
- 01:15Trump Reiterates Benchmark Tariff at 10%, Does Not Rule Out Individual ExemptionsAccording to a report by Jinse Finance, U.S. President Trump stated on Friday that he would "always" impose at least a 10% tariff on trade partners, but quickly added that "exceptions are not ruled out," highlighting the current unclear stance of the U.S. in several trade negotiations. "You always have a baseline," Trump told reporters at the White House. "Of course, there may be exceptions. Sometimes, certain countries do something special for us, and that's a different matter. But basically, the minimum baseline is 10%, and some tariffs will be much higher than this level." After the U.S.-UK framework agreement was announced on Thursday, the U.S. maintained a baseline tariff rate of 10% on British goods. In response, government officials insisted that Trump would continue to set at least a 10% tariff on all imported goods to address the trade deficit and promote U.S. manufacturing development. White House Press Secretary Levitt also stated earlier that day, "The President is determined to continue implementing this 10% tariff baseline. I just spoke with him."
- 01:14BlackRock Updates Ethereum ETF Application to Include "In-Kind Creation and Redemption" and Quantum Computing Risk DisclosureAccording to a report by Jinse Finance, analyst James Seyffart stated that BlackRock has just submitted a revised S-1 document for its Ethereum spot ETF—$ETHA. The main change is the addition of language allowing physical creation/redemption upon SEC approval. He and his colleague Eric Balchunas both expect the SEC to approve this mechanism at some point this year. Additionally, he noted that this is the first Ethereum ETF application to propose a physical redemption mechanism, with the final approval deadline around October 11, 2025. He also mentioned that BlackRock's Bitcoin ETF $IBIT has submitted revised documents, which included similar physical redemption language as early as February, and this time added a description of "quantum computing risk" as part of standard risk disclosure. He emphasized, "These are just basic risk disclosures. They list any potential issues... This is completely standard and entirely reasonable."
- 01:12Overview of Key Overnight Developments on May 1021:00-7:00 Keywords: Vance, ETF Staking 1. Fed's Bostic: It is not wise to adjust policy now; 2. U.S. Vice President Vance to speak at Bitcoin 2025 Conference; 3. BlackRock in talks with U.S. SEC to discuss crypto ETF staking and options trading issues; 4. BlackRock updates Ethereum ETF application to include "physical redemption" and quantum computing risk disclosure; 5. Trump: Costs are down, no inflation, which is contrary to what the Fed and fake news media want.