emilyvuong

🔴 Bitcoin ETF is seeing the strongest sell-off ever
This June, US native Spot ETFs for Bitcoin have recorded net outflows of -$2.1B—even though there are still more than 2 weeks left in the month.
Only for $IBIT:
- 5 consecutive weeks of outflows—the longest streak since Oct/2025. Money has net withdrawn -$4.2B over those 5 weeks
- YTD 2026: -$412M — negative for the first time on a year-over-year basis
In the previous 2 bull runs, IBIT pulled in +$36.8B (2024) and +$24.8B (2025).
Bitcoin ETF fund flows—once a tailwind for Bitcoin—are also fleeing.

🔴The AI enterprise landscape in 2026 has completely changed
In Q1/2026, Anthropic accounts for 40% of total enterprise AI spending in the U.S.
Meanwhile, OpenAI — the company that once defined the entire industry — has dropped to 27%.
Google, with its entire infrastructure including GCP, Workspace, and integrated Gemini: 21%.
In 2023, OpenAI was nearly monopolizing enterprise AI. Now, OpenAI must consider lowering token prices to regain market share from Anthropic.
The most puzzling thing is that Google is losing the AI race. Google has everything that a "winning" company should nee

🔴U.S.–Iran: Closest to an agreement ever before
This morning, Mehr announced 14 terms believed to be part of the U.S.–Iran agreement, including:
- Comprehensive ceasefire
- The U.S. withdraws forces from the area, reopens Hormuz within 30 days
- The U.S. disburses $24B and supports Iran’s reconstruction with at least $300 billion.
-> Trump immediately rejected, saying the terms Iran proposed are not related to the document that has been agreed upon in writing.
JD Vance also confirmed that Iran’s frozen assets will not be disbursed immediately upon signing the agreement.
Iranian

According to Bloomberg, the inflation in 16GB DDR4 and DDR5 RAM prices has moved close to the 300% YoY range as global memory supply is being drained by AI data centers.

🔥@CantonNetwork Fundraising $355M: RWA continues to be the story attracting money into crypto
📌Digital Asset, the company behind Canton Network, just raised $355M in a funding round led by a16z crypto. Participating are HSBC, BNP Paribas, ABN Amro, SBI Group, SoFi, Apollo, ADIA, Tradeweb, Broadridge, CME Ventures, S&P Global, Coinbase Ventures, Polychain, Citadel Securities, and Optiver.
📌Looking at the list of investors, Canton is bringing traditional finance giants into crypto: banks, funds, exchanges, market makers, custodians, and crypto VCs.
📌Canton, unlike current Layer 1s tha

🇨🇳 China continues to accelerate gold accumulation.
Beijing purchased an additional 10 tons of gold in May — the largest monthly purchase since January 2025.
Marking the third consecutive month that China has returned to net gold buying.

🔥The AI fever far exceeds any CAPEX cycle in history
📌Currently, the dot-com bubble can no longer be compared to the AI craze. According to Financial Times forecasts, CAPEX for AI software is projected to reach 9% of U.S. GDP — an unprecedented figure in Wall Street history.
📌In fact, the dot-com bubble did not account for a large percentage of capital attraction; the historical booms in the United States even far surpassed the dot-com bubble, but are less often mentioned:
🔸Railroads in the 1880s: Peak around 5–6% of U.S. GDP, the largest infrastructure cycle before AI.
🔸Electrifi

🔴SoftBank injects more capital into OpenAI
📌SoftBank wants to borrow $6B by pledging OpenAI shares to continue funding the company. However, the negotiation process has stalled after the earlier borrowing target was reduced from $10B to $6B , as lenders remain hesitant.
📌Banks will not easily agree to use the shares of a private company like OpenAI as collateral—especially since AI valuations have been pushed too high and are difficult to verify with current cash flow. This falls under the lender’s risk control requirements.
📌SoftBank shares fell 8.3% in the Tokyo session, reflecti

🔥U.S. inflation highest in 3 years - officially surpassing 4%.
📌Headline CPI:
🔸CPI for May +4.2% YoY, in line with forecasts, higher than the +3.8% of the previous month - the first time CPI exceeds 4% since April 2023.
🔸Monthly, CPI +0.5% MoM, in line with forecasts and lower than the +0.6% of the previous month.
📌Core CPI:
🔸Core CPI increased 2.9% YoY, in line with forecasts, higher than 2.8% last month and the highest in 9 months.
🔸However, monthly, core CPI only rose 0.2% MoM, below the 0.3% forecast and significantly down from 0.4% last month.
-> Data is quite noisy,

📌 📌 📍 Q2/2026 is the worst quarter for the ICO/IDO market since 2020.
Total funds raised through IEO, ICO, and IDO in Q2 only reached $58M, a decrease of up to 85% compared to the previous quarter. The number of public sales also plummeted from 105 deals in Q1/2026 to 37 deals in Q2/2026, a decline of 65%.
The weakest signal appeared in May, when the entire market only recorded 13 token sales. This is the lowest level since December 2020, when only 4 deals were completed.
The most recent peak of public 📌 fundraising was Q1/2025, with nearly $849M raised through 429 deals. Since then

🔥Claude Fable 5 and the new risks of DeFi
📌Anthropic has just launched Claude Fable 5. This is Anthropic's most powerful model, completely surpassing the rest of the market. Mythos's capabilities are so advanced that security companies are facing unprecedented cybersecurity risks.
📌Benchmark tests the agent-style coding task handling ability, with Fable 5 reaching 80.3%.
- Far surpassing the old model Opus 4.8 at 69.2%
- Currently, competitors GPT-5.5 at 58.6% and Gemini 3.1 Pro at 54.2% are left far behind
📌On FrontierCode Diamond, Fable 5 scores 29.3%: twice as high as Opus 4.8

🔥@Strategy is exactly a Ponzi scheme, with all the risk ultimately landing on equity shareholders $MSTR
📌 The DAT model only works best when mNAV >1:
- When mNAV >1: Sell shares/issue preferred stock -> buy more BTC -> increase BTC per share.
- When mNAV <1: The shares are trading at a discount versus net asset value -> it needs to buy back shares, or sell assets to protect shareholders.
When the mNAV of the $MSTR stock gets close to 1, what $MSTR needs to do is sell BTC to buy back the shares, but Say Lỏ did the opposite.
Diluting common shareholders while the stock is already cheaper tha

🔥JPMorgan believes that Strategy may need to continue selling $BTC
Although only selling 32 BTC, equivalent to approximately 0.004% of the total $BTC held, Strategy still disappoints many investors. Saylor and Strategy have become symbols of the philosophy "never sell Bitcoin."
Therefore, Strategy selling such a small amount of $BTC has already shattered the community's ironclad trust, even the most steadfast #Bitcoin investors sell when facing financial pressure.
Strategy's cash reserves as of May 31st are about $900M, a sharp decrease from nearly $2B earlier due to spending approximately $1

🔴After a strong net sell in March, global central banks bought back a net 17 tons of gold in April.
China marked its 18th consecutive month of gold purchases.
Poland was the country with the strongest buying activity since the beginning of 2026.
Although the net purchase volume was not as explosive as in 2025 due to high gold prices, the accumulation trend has not yet stopped.

🇻🇳Vietnam-style governance under General Secretary Tô Lâm
📌Vietnam has undergone a major overhaul of “streamlining the bureaucracy.” Streamlining is directly tied to administrative capacity, data-driven governance, decentralization, and real responsibility for implementation, with the ambition to shorten decision-making time.
During bác Trọng’s era, from 2011–2024, the focus of power was on restoring political discipline, rectifying the Party, fighting corruption, maintaining ideological foundations, and stabilizing the system. The biggest mark was the anti-corruption campaign to the ex

📌 CEO Strategy Phong Le sold 93,738 $MSTR shares on June 5th, at an average price of approximately $118.73 per share (raising over $11.13M).
📌 However, this transaction occurred immediately after he was vested with 190,740 PSU on June 3rd. The sold amount is about 49% of the recently received shares.
📌 The filing states that the sale was executed according to the 10b5-1 plan established in May 2024 and was used to pay tax obligations arising from the PSU vesting. Nevertheless, the timing is very sensitive as Strategy just sold $BTC after many years. The CEO's transaction will be interpret