Bitcoin is struggling in the range of $76,000 to $78,000, with weak spot demand; HYPE broke through $62 to reach a new high, and institutions are buying crazily. The new chairman of the Federal Reserve, Waller, will take office tonight, and the market's expectations for an interest rate cut this year are becoming increasingly pessimistic.

From executive order to statutory law: the United States accelerates the establishment of Bitcoin reserves, with a goal of accumulating 1 million coins.

The yield on the 30-year U.S. Treasury bond has risen to its highest level since 2007. The stock market continues to decline. The "bond vigilantes" are making a comeback.

1. CEX Popular Cryptocurrencies CEX Transaction Volume Top 10 and 24-hour Price Change: BTC: -0.6% ETH: -0.68% SOL: +0.21% ZEC: -3.36% SUI: -1.05% XRP: -0.89% NEAR: +17.25% BNB: +0.63% DOGE: +0.73% ALLO: +2.16% 24H Price Increase Ranking (Data Source: OKX): PROVE: +30.11% GRASS: + ...

The results of the six major fund managers' portfolio adjustments for Q1 2026 have been released. As is well known, mid-May of each year is one of the most notable time windows for the global U.S. stock market. During this period, major institutions must submit Form 13F to the U.S. Securities and Exchange Commission (SEC), disclosing their holdings at the end of the previous quarter. Although Form 13F itself is lagging, typically submitted within 45 days after the end of the quarter, it is not suitable for “real-time copying of homework.” However, it is very effective for observing how institutional funds reassess the main market narratives from the previous quarter. And for the first quarter of 2026...

HYPE hits a new high, on-chain US stock contracts are heating up.

For those outside the perimeter of fixed investment, the ultimate solution for the U.S. stock market on the blockchain: "Not believing in the U.S. stock market is not believing in the future of human technology; just as not believing in BTC is not believing in the cryptocurrency system."

AI has entered the "second stage," which is the stage where semiconductors are directly converted into productivity.

1. CEX Popular Cryptocurrencies CEX Trading Volume Top 10 and 24 Hour Price Changes: BTC: + 1.61% ETH: + 1.67% ZEC: + 17.56% SOL: + 2.94% XRP: + 1.81% BNB: + 2.19% SUI: + 8.1% EDEN: + 54.01% ALT: + 10.57% DOGE: + 1.88% 24 Hour Price Increase Rankings (Data Source: OKX): JTO: + 32.1% PROS: + 19...

Regardless of how the Federal Reserve operates, a steepening curve has become a high-probability path.

In May 2026, on the same timeline, two paths began to clearly diverge: at the London City Week 2026, Bank of England Deputy Governor Sarah Breeden publicly outlined a retail payment route "from tokenized deposits, regulated payment tokens to a potential digital pound," and presented a specific timeline—launching a regulatory draft for "systemic" payment tokens in June 2026, aiming to finalize the overall framework by the end of 2026; across the Atlantic, the American political sphere.

With 39 trillion US dollars in national debt looming, global capital is fleeing long-term government bonds. Oil prices, inflation, interest rates, and debt are forming a dangerous cycle, and the storm may impact not only the US stock market.

If you are a retail investor who entered this market after watching Leopold 13F, please be cautious.