BREAKING: US M2 money supply surged +$247.8 billion in May, to a record $23.1 trillion.
This marks the largest monthly increase since May 2021.
Year-to-date, M2 has soared +$698.6 billion, the largest January to May increase in 5 years.
Money supply now stands $1.3 trillion above the March 2022 peak.
Since 2000, money in circulation has grown at an average annual rate of +6.3%.
US money creation is accelerating.
THE WINKLEVOSS TWINS ARE SELLING BITCOIN
The Winklevoss Twins just moved $60M of BTC to Gemini, and $7M of ETH. This activity pattern matches usual selling patterns (custody > hot wallet).
The Winklevosses still hold over $300M of BTC. They made ~$1.7 Billion from Bitcoin since 2015.
🚨TETHER SHUTS DOWN ITS GOLD-BACKED STABLECOIN
Tether is winding down aUSDT, their dollar-pegged stablecoin backed by its own tokenized gold (XAUT).
The company says it is shifting focus to areas with "stronger demand and broader market opportunity."
🔥 MASSIVE:
The largest IPO in history just went public holding over 18,700 Bitcoin on its balance sheet. Corporate BTC adoption has entered another league.
JUST IN: Zcash crashes 48% after Claude AI finds critical vulnerability allowing unlimited minting of $ZEC.
It went unnoticed for 4 years until it was patched on June 1st.