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Welcome to daily issue of the Boba Brief Newsletter. This is last 24hrs in crypto, macro, ai & tech world

CRYPTO Brief

  • Bitcoin below $77,000 as Trump warned Iran "the clock is ticking" sending oil higher but triggered crypto liquidations. $563 million in leveraged bullish bets liquidated in 24 hours; largest single day wipeout since February

  • Strategy made a mega $2 billion Bitcoin purchase last week but it's still not sending crypto any higher for now. They now hold 818,869 BTC. The market didn't even react positively. That tells you everything about current sentiment.

  • Vitalik Buterin said AI "formal verification" could become one of the most important tools for cybersecurity in a new blog post. The most interesting Vitalik take in months hahah.

  • Co-CEO Arjun Sethi said Kraken kept investing through market weakness, leaning on acquisitions and futures growth to offset softer spot trading. Kraken revenue now up 3% to $507M and growing every year.

  • Hyperliquid's HYPE token rallied 7% over 24 hours after SpaceX pre-IPO perpetual market was launched on Hyperliquid, offering reference valuation of $1.78 trillion.

  • Yet another crypto bridge fell victim to an $11 million hack, as per Blockaid.

REAL WORLD Brief

  • Brent crude now going at $110 per barrel, check chart.

  • 34% chance the Fed hikes rates this year, per polymarket

  • Anthropic's $30B raise at a $900B+ valuation is under negotiation as of May 18.

  • Elon Musk lost his OpenAI lawsuit against Sam Altman. Nine California jurors unanimously rejected Elon Musk's claims, finding the lawsuits were filed outside the statute of limitations.

  • OpenAI and DELL are partnering to bring Codex into DELL’s AI factory Stack.

  • NVIDIA CEO Jensen Huang says, “Everybody will have to use AI because if you don’t use AI you’re gonna lose your job to somebody who does.” per Coin Bureau

  • Meta cutting about 8000 jobs this week, AI spendings keep going up and job cuts are a daily thing now.

  • MIT student built a device that lets Claude control human body; to be specific controls the hand through small electric pulses.

TOP COINS in last 24hrs

Hyperliquid, Zcash, Pudgy Penguins, Bitcoin, Venice Token, Ondo, Ronin, Bittensor and more.

COINS I am watching

BTC $76,904 ( watch BTC holding just above $76k, key support. break Below could be $73k )

ZEC $552 ( Whales accumulating ZEC according to onchain data )

HYPE $46 ( all eyes on hyperliquid now, dont fade )

BOBA BRIEF

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