📡 Top of the hour report | 12:00-13:00

1. The White House is drafting rules to help government agencies bypass Anthropic’s supply-chain risk assessments in order to access new AI models such as Mythos.
2. Bitcoin’s risk appetite is making a comeback. On-chain data shows a 136% jump in flow from spot to derivatives from March lows.
3. The Canadian government plans to ban cryptocurrency ATM machines, calling them a “main tool” for fraud and money laundering.
4. The AI boom has driven a surge in demand for memory chips. Manufacturers such as SK Hynix and Samsung are seeking long-term contracts, signaling a shift in the industry cycle toward stable growth.
5. The Pentagon’s Director of Digital and AI confirmed that the Department of Defense is expanding its use of Google Gemini, and warned that “over-reliance on a single supplier has never been a good thing.”
6. Robinhood’s Q1 earnings missed expectations. Cryptocurrency revenue and trading volume fell by nearly 50%, and the stock price dropped by nearly 10%.
7. Apple’s next CEO, John Ternus, faces the challenge of shifting production from China to the U.S., and rising memory costs along with pressure from Trump will force him to make difficult decisions.
8. The UAE’s withdrawal from OPEC marks a major shift in the oil market, while the U.S. plans to impose a long-term blockade of the Strait of Hormuz to push up oil prices.