Recession Investment: Burry’s Lipstick Bet
Michael Burry sold major holdings in Q1 to focus on @EsteeLauder, anticipating a recession as makeup purchases rise during downturns. #Update #Economy (+3) ↗
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Michael Burry sold major holdings in Q1 to focus on @EsteeLauder, anticipating a recession as makeup purchases rise during downturns. #Update #Economy (+3) ↗
Ethereum surged while $BTC remained stable; @Coinbase revealed mixed news, and a Chinese company disclosed plans to buy $BTC. #Update #Crypto $BTC (+3) ↗
@Stacks resumes block production after resolving mempool syncing issues but warns of potential occasional degradation in output. #Update #Crypto $STX (-3) ↘
@StanChart reaffirms $BTC forecast to $500K as sovereign funds and institutions invest heavily, aligning with SEC filings boosting demand. #Update #Crypto $BTC (+7) ↗
@Ripple CEO Brad Garlinghouse highlights crypto ETFs as transformative for institutional access and legitimacy, boosting digital assets’ mainstream acceptance. #Update #Crypto (+6) ↗
@BlackRock’s IBIT and ETHA led Friday’s crypto ETF inflows with $270.37 million, continuing institutional engagement in $BTC and $ETH funds. #Breaking #ETF $BTC (+8) ↗
U.S. President Donald Trump’s use of the Presidential Seal at a TRUMP memecoin event may violate federal law, raising legal concerns. #Update #Legal $TRUMP (-4) ↘
Tokenized U.S. Treasury bonds have surpassed $7 billion, with @BlackRock’s BUIDL nearing the $3 billion mark, just $101 million short. #Update #Crypto (+4) ↗
Bitcoin ($BTC) trades at $109,273 with a market cap of $2.17 trillion and 24-hour volume of $46.66 billion, fluctuating between $107,156 and $109,840. #Update #Crypto $BTC (+3) ↗
Federal agents seized $868K in cryptocurrency from a romance scam that lured victims into fake platforms, as announced by the U.S. Department of Justice on May 23. #Breaking #Legal #Crypto (+9) ↗
A class-action lawsuit against @Coinbase highlights concerns over biometric data security, with Nanak Nihal Khalsa emphasizing risks of immutable identifiers. #Update #Legal (+3) ↘
Federal agents recovered $2.5 million in crypto from fraudulent schemes, highlighting DOJ’s push to restore market integrity. #Breaking #Legal (May 23) (+9) ↗
@Binance founder Changpeng Zhao criticized a Wall Street Journal article as misleading, accusing it of being part of an elite-backed anti-crypto agenda on X, May 23. #Update #Crypto (+4) ↗
Economist Peter Schiff criticized President Trump’s 50% EU tariff threat as market manipulation benefiting insiders. #Breaking #Economy (+8) ↘