📈 Ithaca Protocol Market Update

► Rumored $TRUMP team address moved almost $20M worth to the exchanges: at some point, some repricing on the eventual change in political winds may be a market tail risk; this is the trade after the trade after the trade. One needs midterms on the horizon to start debating impact.

► Coinbase Bitcoin yield fund launched.

► US equity volumes decreased by 30% compared to the 10-day average.

► JPM research calls for ‘being buyers of risk sometime in Q2’ (non-falsifiable content extravaganza); ‘letting dust settle on earnings guidance and tariffs’ is a trivial statement.

► JPM market intel calls, however, suggest a tactical rally now (which makes more sense epistemologically); Mag7 earnings, asymmetry to MOU / trade agreements to be signed.

► Monero spoke was hack-related.

► NYT story about Minecraft, parties, hacking, kidnapping, and crypto, indicating the progress to be made; even the SEC is cracking down on obvious scams.