📈Ithaca Protocol Market Update

► SPX is now green for the year

► Torrid IPO for retail favorite E-Toro (and very crypto friendly); Robinhood tried to steal thunder by buying Wonderfi, opening up Canadian crypto

► Retail impulse dimming according to JP Morgan, euphoria to subside as short covering is well underway. Whiplash by equity strategists almost complete, still..

► Liquidity improving, sentiment hasn’t recovered yet and still supports upside trend despite bad May seasonals

► Interest rates have been selling off consistently too

► Tencent solid beat

► Derive / Synthetix; back together

► Launchcoin: market never learns it seems