Degen

Gm Degens!
If you missed the past 24 hours in crypto and stocks, here's your full recap:

🚨 Major Headlines & Market Moves 🚨

→ U.S.–China tariff tensions ease slightly: The U.S. paused tariffs on select Chinese goods until August 31st, even as Presidents Trump & Xi plan a call this week.
→ China’s factory activity slumps: May Caixin PMI dropped to 48.3 — the worst since 2022 — raising fears of a global demand slowdown.
→ Oil surges ~3% as OPEC+ keeps July output hike and Alberta wildfires knock out ~7% of Canada’s crude supply.
→ Robinhood acquires Bitstamp for $200M, boosting its crypto reach and lifting HOOD ~2% pre-market.
→ 16:00 CEST – US JOLTS Openings (Apr): Key Fed-watched labor indicator.
→ Metaplanet buys another 1,088 Bitcoin worth $114 million. They now hold 8,888 $BTC worth $930 million.
→ Hong Kong's Reitar Logtech announces plans to acquire $1.5 billion Bitcoin.

Part 2
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Creator of the Panic Drop Newsletter

https://panicdrop.substack.com/

📊 Altcoin Market Updates (via CoinGecko, past 24h) 📊

→ Arbion AI (ARAI) ▲ 165% – KuCoin listing + AI hype fuels explosive gains.
→ Hyperliquid (HYPE) ▲ 7.7% – DeFi token gains on record $280M DEX volume.
→ Solana (SOL) –  Under pressure from an upcoming June 7 unlock of 472,990 SOL, currently worth ~$73.50 million.

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