Mo 5/10 | Daily Crypto & Macro News

Happy Monday all! If you missed the past 24 hours in crypto and stocks, here's your full recap: 🚨 Major Headlines & Market Moves 🚨 \- Bitcoin trades back below $86,000. \- Michael Saylor hinted at another Bitcoin announcement, saying the company is "more orange than ever." \- Strive's chief executive hinted at buying more Bitcoin, pointing to an "amplified Bitcoin" plan. \- The U.S. and China announced tariff cuts covering $30 billion of goods on each side, led by U.S. consumer imports and Chinese agricultural products. \- Iran said the Strait of Hormuz will stay closed until the U.S. meets seven conditions from the June Islamabad agreement. \- The 10-year Treasury yield hit a 24-year high of 5.3%, while the S&P 500 dividend yield fell to an all-time low of 1.07%. \- The ratio of technology stocks to the S&P 500 reached a record high. Nine of the ten largest U.S. companies are now in tech, versus six oil and energy names in 1980. \- 60% of S&P 500 stocks now carry a Buy rating from Wall Street, the highest share on record. \- OKX filed with the SEC to launch tokenized U.S. stock trading. \- President Trump announced a Super Intelligence Force. Elon Musk also said SpaceXAI will be renamed SpaceXSI, calling SpaceX a super intelligence company. \- This week's earnings slate includes Constellation Brands on Tuesday, Levi Strauss on Wednesday, Penguin Solutions, and Delta Air Lines on Friday. Focus points are beer pricing versus wine weakness, direct-to-consumer growth, AI infrastructure demand, and fuel pressure on airline margins. 📊 Altcoin Market Updates 📊 \- BNB briefly moved back above $800. \- Pump.fun overtook Hyperliquid in 30-day revenue. \- Polymarket's chief executive teased an announcement around Token2049. \- Sunrise opened access to Shib on Solana, with LaunchOnSF and Pump.fun now supporting Shib pairs. \- A Solana Foundation lead said Robinhood's chain should drop Arbitrum, arguing layer-2s cannot scale on performance or fees and would be better off as a new high-performance chain or on Solana. If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow! $BTC $SPY $QQQ $OIL $SMH Looking to profit from altcoins? Here’s a FREE 5-day email course!Get instant access here:https://panicdrop.kit.com/5dayaltcoincourseAvoid the mistakes killing 97% of traders.Master the charts & time your entries using Bitcoin’s signals. *Written by Timothy Assi, an Elite Popular Investor on eToro.* *Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.* *Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.* *Connect with me on:* *🟦 Linkedin: Timothy Assi* *🟪 Instagram: @panic\_drop* *⬛ X: @timoassi* *📧 timothy@panicdrop.com* 🟩 *Panic Drop Podcast : on your favorite streaming app* www.panicdrop.com This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit panicdrop.substack.com/subscribe