emilyvuong

🇰🇷 Funeral company in Korea is losing $33M because of long $ETH
📌 Bumo Sarang is a prepaid funeral service company in Korea, belonging to the “mutual aid/prepaid funeral service” group. Customers pay in advance, and the company uses that money to provide funeral services later.
📌 According to Korean reports, this company has invested about 59.5 billion won in the T-REX 2X Long BMNR Daily Target ETF. BMNR is a stock with a very high beta to ETH because it is a company with an ETH treasury model.
📌 After ETH's drop, the company's book value is only about 10.2 billion won — a loss of 49.3 b

📌 KOSPI and Bitcoin started diverging when the memory chip stocks surged ahead.
BTC (and many other assets) are also being sold off to FOMO into stocks.

🟡Truth Social unexpectedly withdraws Bitcoin ETF application
📌According to the filing sent to the SEC on May 19, Trump Media requests to withdraw the S-1 registration for two products: Truth Social Bitcoin ETF and Truth Social Bitcoin & Ethereum ETF. These filings were previously submitted in June 2025, and the company says they are not currently pursuing a public offering.
📌The reason given by Yorkville America is to switch to an ETF structure under the Investment Company Act of 1940, instead of the Securities Act of 1933 model like the old filings. Basically, they want to redesign the

The trip to China is Putin's first foreign visit in 2026.
Beijing is seeking alternative energy routes, possibly a land transportation route through Russia and the Northern Sea Route, as disruptions in the Persian Gulf and the Strait of Hormuz directly threaten China's energy logistics.
Putin and Xi are likely to continue discussing the Power of Siberia 2 gas pipeline — a project that has been delayed for too long, starting in 2006 and postponed since 2015.
Ukraine will probably also be mentioned. Both China and the United States want the conflict to end in 2026 to focus on other issues.

📍Google I/O 2026: AI demand explodes
📌Google kicked off the first day of I/O 2026 with a series of figures showing that AI has become the company’s core infrastructure. According to what CEO Sundar Pichai showed:
- Gemini has 900M MAU (monthly active users)
- AI Overviews has surpassed 2.5B MAU
- AI Mode has exceeded 1B MAU in just one year
📌 The amount of tokens processed monthly across Google platforms has risen dramatically:
- 5/2024: 9.7 trillion tokens
- 5/2025: 480 trillion tokens
- 5/2026: over 3.2 quadrillion tokens
-> Equivalent to about 7x YoY growth.
📌 To meet this demand, Goo

🟠 Bitcoin ETF saw nearly $650M withdrawn — the biggest sell-off since the start of the year
📌 Spot Bitcoin ETF funds in Mỹ recorded a -$648.6M outflow on May 19, the largest net withdrawal since January 2026.
📌 The heaviest pressure is on BlackRock’s IBIT (-$448.3M), followed by ARKB (-$109.6M) and FBTC (-$63.4M). Funds from Bitwise, VanEck, Invesco, and Franklin Templeton also turned negative across the board.
📌 Last week, more than $1B also left Bitcoin ETFs, breaking a 6-week consecutive streak of positive weeks. BTC at one point dropped below $77,000, reflecting three pressures

📍Elon Musk sues OpenAI
📌Musk has sued OpenAI, claiming the company betrayed its original non-profit mission by shifting to a profit-driven model.
📌But the jury found that Musk filed too late, beyond the legal deadline to pursue the main claims.
📌The judge accepted this outcome and dismissed Musk's claims.
📌In market terms, this is a major breakthrough for OpenAI, as the lawsuit could have hindered restructuring and an IPO.
📌Musk can still appeal, so the legal story may not be entirely over. But for now, OpenAI has won.

U.S. tariff policies under Trump changed more than 50 times.
From early 2025 to 2026, the weighted average import tariff rate in the U.S. rose from around 3% to a peak above 20%, then decreased back to around 11-12%.
It's even more than a roller coaster.

Berkshire Hathaway is sitting on a record cash pile of $397.4 billion
This amount is enough to buy out 478 out of 500 companies in the S&P 500 if considering each company individually.
By this point, it’s clear that Berkshire isn’t exactly ahead of the curve, and they also made a mistake by missing the AI-semiconductor wave.
Missed the wave, so they have to stay on the sidelines.

BTC remains at $76.7K, but over 7.8M $BTC are still in a loss state.
This is the supply that is stuck from the buying group near the peak. If BTC is to rise sustainably, the market must absorb this pressure first.
Every strong rebound carries the risk of encountering selling pressure from those waiting to break even to exit.

📍Leverage in the US stock market hits a record $1.304T - the entire market is all-in
Margin debt just reached a record high of $1.304T - equivalent to 5.21% of the US GDP, surpassing the 2021 peak.
The risk appetite of the US stock market is at an all-time high. Investors are using increasing leverage to buy AI stocks.
Everyone is wondering how many more records this wave will break.

Trump just posted something on his personal account like this...
From Trump's real account, okay?

The Chinese Ministry of Commerce announced that the US and China have agreed to reduce tariffs on certain unspecified products to promote bilateral trade.
This statement confirms China's plan to purchase American airplanes and states that China will address US concerns regarding the import of agricultural products.

BlackRock's ETF investors $IBIT sold a net of $317.1M just this week.
BlackRock currently holds a total of $64.34B in BTC purchased at an estimated average price of $83,200.

There is a viral rumor on social media that Trump did not eat any dishes at the Chinese banquet table. Throughout the trip, Trump only ate food prepared by the White House chef.
Netizens speculate that this is to prevent the possibility of tiny nano devices being inserted into the food.
Even the staff pouring wine for Trump was replaced by American secret agents.
If this is true, it’s not surprising; raising glasses and clinking cups at the lively banquet is just stage diplomacy.
Below is the covert power struggle between the two superpowers, with no genuine connection or warming of re

Between the Trump - Tập meeting, across the ocean, a U.S. aircraft is parked on the runway at Havana Airport in Cuba.
The U.S. government has an entire dark fleet—unmarked planes with no "United States of America" lettering on the fuselage—used to support covert meetings without drawing attention.
Simply put, the U.S. wants to say, "we're here."
On the CIA website as well, it states that CIA Director John Ratcliffe held a meeting in Cuba.

📍U.S.-China Meeting: Stage Diplomacy, the Main Story Still About Taiwan
📌 After a grand reception, during the first bilateral talks at the Great Hall of the People:
🟠 The two sides agreed to build the US-China relationship framework along the path of “constructive strategic stability” over the next three years.
-> China wants to frame the competition: Still competing, bargaining over interests, but not crossing the line into conflict.
🟠 Xi Jinping calls Taiwan the most important issue in US-China relations, Xi says "if the US mishandles it, the two countries could fall into conflic