Tuesday, May 20th Market Update

* Oil held steady around $110. US stocks closed flat. BTC consolidated between $76K-$77K amidst conflicting reports regarding potential US attacks on Iran.
* Former President Trump reiterated threats against Iran, granting them an additional 2-3 days, potentially until early next week.
* President Putin met with Chairman Xi in Beijing, with approximately 40 cooperation agreements expected to be signed.
* The Fed is scheduled to release the minutes from its April FOMC meeting tomorrow at 1 AM.

Spot ETF Flows - May 19th:

* BTC experienced $5.5M in outflows; BlackRock data is not yet available.
* ETH saw $2.9M in outflows; BlackRock data is not yet available.
* SOL recorded $3.8M in inflows, and XRP saw $0.7M in inflows.

Other News:

* A White House crypto advisor confirmed that the BTC reserve is legally and operationally prepared, with an official announcement anticipated shortly.
* Former President Trump signed an executive order instructing the Fed to review cases of crypto companies being denied banking services under the current Biden administration.
* Google launched Gemini 3.5 Flash, claiming comparable performance but 4x faster and half the cost of GPT-5.5 and Opus 4.7.
* Trump's Truth Social reportedly quietly withdrew significant capital from a spot BTC ETF, citing intense competition in the sector.
* Polymarket partnered with Nasdaq to introduce a prediction market enabling bets on the valuations of pre-IPO companies.
* The AI Agent Bankr on Base was hacked, resulting in 14 compromised user wallets. While the extent of damages is unclear, the team has committed to compensation.