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Morning, fam! ☕️ All eyes are on D.C. as the U.S. Senate votes on the Clarity Act at 10:30 AM ET today. Insiders are whispering this could inject a massive $2.5 trillion into the market (if it passes, expect fireworks).

Meanwhile, President Trump is in Beijing for historic talks with Xi Jinping, joined by heavyweights like Elon Musk and Larry Fink to discuss AI, tariffs, and Iran. We’ll need that optimism, as PPI inflation just clocked in at a hot 1.4% (crushing the 0.5% forecast), marking the highest annual jump since 2022. Inflation is leaking from energy into services, so stay liquid. Today is going to be a wild ride!

Here’s what we got for you today:

  • 👀 Why retirement portfolios are adding crypto

  • ⭐ Kevin Warsh officially takes over the Fed

  • ⭐ $630M just left Bitcoin ETFs

  • 🔥 Burning hot takes for the road

5 Stocks Redefining the Defense Technology Sector

Defense spending is at its highest point in decades, and the companies capturing those dollars have changed. A new class of contractors is winning Pentagon business with AI-driven systems, satellite infrastructure, and advanced aerospace technology. This free research report profiles five of them. You'll find what each company does, why it's winning contracts, and what the growth case looks like from an investor's perspective. These aren't household names yet. That's the point. Download the free report and see why analysts are paying attention to this corner of the market before the rest of Wall Street catches on.

Most investors are playing a game that ended a decade ago. With people expected to live until 100, the old "safe" bonds-and-stocks strategy is a recipe for running out of cash by age 90. The game has changed, and $BTC ( ▼ 0.55% ) is the new digital oil.

In our latest analysis, we’re showing you how to pivot from "hoping for the best" to building a bulletproof, institution-grade portfolio:

  • Why the legendary advisor says Bitcoin is the first new asset class in 170 years, and why ignoring it is the biggest risk you can take.

  • We break down the "80/20" shift you need to survive a 40-year retirement.

  • How to use Claude and ChatGPT to cut through the noise, summarize D.C. legislation like the Clarity Act, and build a monthly buying plan.

The big banks have already moved in - it's time you did too. 👇

🏛️ BITCOIN-FRIENDLY KEVIN WARSH OFFICIALLY TAKES OVER THE FED

The U.S. just confirmed one of the most crypto-friendly Federal Reserve chairs in modern history.

On Wednesday, the Senate voted 54-45 to approve Kevin Warsh as the new Chair of the Federal Reserve, replacing Jerome Powell after months of political tension around interest rates and monetary policy.

And yes, crypto people are paying very close attention.

1/ Warsh is in, Powell stays (for now)

Powell’s term as Chair ends this Friday, but don't expect him to vanish. He’s staying on the Board of Governors until 2028, reportedly to ensure "transparency and finality" regarding the DOJ’s (now inernal) investigation into the Fed’s headquarters renovation.

Earlier this week, Warsh was also confirmed for a 14-year term on the Board of Governors, meaning he’s going to be a powerhouse in D.C. for a very long time.

2/ Is the Fed Chair "degen"? Check the Portfolio

Here is why the crypto community is losing it: Warsh’s April 2026 financial disclosure revealed a diversified crypto portfolio estimated at over $100 million.

  • He’s got direct exposure to Solana ($SOL ( ▼ 2.29% )) and Optimism ($OP ( ▼ 3.86% )), plus stakes in heavy hitters like dYdX, Aave, and Polychain Capital.

  • He’s even invested in Polymarket.

  • Warsh has publicly called $BTC ( ▼ 0.55% ) an "important asset" that helps policymakers read the room.

This is the first time we’ve ever had a Fed Chair who views digital assets as a legitimate signal, not just a "speculative bubble"

3/ Macro insight: Don't expect "money printer" brrr yet

Now, before everyone starts screaming “bull market confirmed,” there’s an important nuance here: Warsh may be crypto-friendly… but he’s also historically hawkish on inflation.

Back during his previous Fed role from 2006-2011, he consistently warned about inflation risks and was cautious around aggressive money-printing policies.

So while the market hopes he’ll cut rates faster than Powell, the reality is probably more complicated.

Inflation is still running hot at 3.85%, energy prices are climbing again because of Middle East tensions, and prediction markets are only pricing a 1% chance of a rate cut before July.

🧠 Legitimacy > Liquidity

Look, the real win here isn't an immediate rate cut. It's legitimacy. Warsh feels less like a “crypto savior” and more like proof that the old Wall Street vs crypto war is slowly ending.

The people running the financial system are no longer ignoring crypto.

Now they’re investing in it too.

Your next great hire lives in Slack.

Viktor is an AI coworker that connects to your tools and ships real work. Ask Viktor to pull a report, build a client dashboard, or source 200 leads matching your ICP. Most teams hand over half their ops within a week.

🚨 BITCOIN ETFS HIT BY $630M EXODUS: THE BIGGEST BLEED SINCE JANUARY

While we’ve been watching Bitcoin battle for momentum near the $80,000 mark, the big money just made a loud exit. On May 13, U.S. spot Bitcoin ETFs saw a massive $630.4 million in net outflows - the heaviest single-day redemption we've seen since late January.

1/ Who led the retreat?

The bleeding wasn't contained to just one corner of the market. Nearly all the major players felt the heat:

This massive shift completely flips the script from earlier this month, where we saw a record-breaking six-week inflow streak that pumped $3.4 billion into these funds.

2/ The technical wall: $80K resistance

Bitcoin is currently caught in a tug-of-war. $BTC ( ▼ 0.55% ) is trading around $79,768, struggling to stay above the 200-day moving average - a zone traders treat as "the line in the sand" for a bull market.

Source: @alicharts via X

  • Buyers are failing to reclaim the $82,500 level.

  • If these ETF outflows continue, we might be looking at a retest of the $75,000 support area.

🧠 Healthy reset or panic button?

Don't let the big red numbers freak you out just yet. A single day of heavy selling can be a "Portfolio Reset", it could be tax planning, profit-taking, or just simple hedging.

If the outflows stop here, $80K is still on the table. But if Fidelity and BlackRock holders keep dumping through the weekend, the market is going to need some serious spot demand to stop a slide back to $75K. Institutional flows are the cleanest pulse check we have - and right now, the pulse is looking a bit weak.

🔥 BURNING HOT TAKES FOR THE ROAD

A user reportedly used Claude to recover 5 BTC (~$400,000) from a wallet after forgetting his password for 11 years. Read more

The Bank of England officially recognizes stablecoins as a "new form of money" and will open registration for issuers in the UK by year-end. Read more

Brokerage titan Charles Schwab, managing $12 trillion in assets, has officially launched crypto trading for its massive US client base. Read more

Solana AI "pre-stock" tokens crashed as Anthropic and OpenAI issued warnings that the assets mimicking their private shares are unauthorized. Read more

🤡 SPICY MEME

💌 SHOUTOUT FROM OUR FIRESTARTER

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⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.

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