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In the present day’s high information:
Crypto majors rebound 1-2% forward of FOMC; BTC at $77.5k
Paul Tudor Jones calls Bitcoin the strongest inflation hedge, higher than gold
Pump Enjoyable burns $370M in tokens, publicizes new programmatic purchase again
Robinhood’s HOOD inventory falls 10% on earnings miss, falling crypto income
Polymarket in lively discussions with CFTC to raise ban on US customers
🟠 Paul Tudor Jones Calls Bitcoin Strongest Inflation Hedge
In a Tuesday interview on the Make investments Just like the Finest podcast, Paul Tudor Jones known as Bitcoin the strongest inflation hedge obtainable, explicitly rating it above gold.
His reasoning is easy: gold’s provide grows yearly; Bitcoin’s doesn’t. In periods of aggressive financial and financial stimulus, he mentioned, Bitcoin is the standout inflation commerce, citing the 2020 surge because the clearest historic instance. “Bitcoin is unequivocally the very best inflation hedge that there’s – greater than gold,” he mentioned.
His feedback on equities had been a bit totally different. He mentioned that present S&P 500 valuations remind him of the 2000 dot-com bubble. The inventory market cap relative to GDP is close to historic extremes. He warned will probably be “actually arduous to generate income” in shares over the following decade, and added {that a} main market correction would worsen the federal deficit by collapsing capital-gains tax revenues and destabilizing the bond market.
📉 Robinhood’s HOOD Inventory Dips as Crypto Income Falls
Robinhood reported Q1 2026 outcomes Tuesday, lacking estimates on income and earnings. Complete income got here in at $1.07 billion in opposition to a $1.14 billion consensus. Internet earnings of $346 million ($0.38/share) was one cent in need of expectations. Shares fell 6% after hours and are down 10% premarket.
The driving force of the miss is easy: crypto transaction income fell 34% quarter-over-quarter to $134 million, and 47% year-over-year, monitoring Bitcoin’s 22% value decline over the identical interval.
The miss is notable as a result of the remainder of the enterprise held up. Prediction markets, futures, and index choices all posted file volumes in Q1. Equities and choices grew double digits. Sadly, HOOD’s income stays tightly correlated to BTC value motion, and the inventory has tracked BlackRock’s IBIT extra carefully than the S&P 500 for many of 2026. The Q2 restoration in crypto costs, if it holds, ought to present up within the subsequent print
🔥 Pump.enjoyable Burns $370M in Tokens, Guarantees New Buybacks
Pump.enjoyable executed a main token restructuring Tuesday, burning roughly $370 million value of $PUMP tokens (roughly 36% of circulating provide). The burn covers all tokens collected by 9 months of 100% income buybacks.
On the similar time, Pump introduced a brand new programmatic buy-and-burn for PUMP tokens utilizing 50% of income. They’ll use an irreversible sensible contract locking 50% of all internet income from the Bonding Curve, PumpSwap, and Terminal into computerized open-market purchases and burns for the following yr. The remaining 50% will fund operations and development.
Zoomed out, Pump.enjoyable has seen great success. Previously few years, Pump has:
Raised $500 million in 12 minutes by its $PUMP token sale
Surpassed $1 billion in lifetime platform income
Generated a whole lot of billions in buying and selling quantity.
However regardless of allocating 100% of income to buybacks, the staff mentioned a belief deficit developed round what these bought-back tokens would ultimately be used for. The hope is that this new burn removes that uncertainty completely (or not less than for the following yr).
🤖 The CFTC Is Utilizing AI to Overview Crypto Purposes
CFTC Chairman Mike Selig advised CoinDesk that the company is constructing AI instruments to overview crypto registration functions and monitor buying and selling markets, as a direct response to dropping greater than 20% of its workforce beneath Trump’s federal staffing cuts.
The present course of is totally guide with doc submissions reviewed by workers. The brand new system will flag incomplete functions, velocity up suggestions, and reject filings that aren’t materially full. Present workers are being skilled on Microsoft Copilot whereas in-house swap information and market surveillance instruments are in improvement.
Selig recognized the joint CFTC/SEC digital asset taxonomy steering as essentially the most consequential crypto motion of his tenure, and put prediction market contributors “on discover” concerning the company’s enforcement posture. Notably, the SEC has roughly six instances the CFTC’s workers, whereas the CFTC’s mandate is increasing quickly to cowl crypto, prediction markets, and derivatives. The hope is that AI may also help make up for that useful resource hole…
🇺🇸 Polymarket Is Attempting to Come Again to the U.S.
Polymarket is in lively discussions with the CFTC to raise the ban on U.S. merchants from its predominant worldwide change, Bloomberg reported Tuesday.
The restriction has been in place since a 2022 settlement during which Polymarket paid a $1.4 million wonderful and agreed to exit the US market after working an unregistered occasion contract facility. A separate US-only Polymarket platform acquired CFTC clearance in November following the corporate’s acquisition of a registered change, however that platform has but to completely launch.
A CFTC vote is required to take away the ban. With 4 fee seats presently vacant, Chairman Selig is the only real sitting commissioner, which may simplify the approval course of. If cleared, Polymarket’s predominant change would compete straight with Kalshi on US soil for the primary time.
🌎 Macro Crypto and Markets
Crypto majors rebounded 1-2% forward of FOMC at the moment; BTC +2% at $77.5k; ETH +3% at $2,330; SOL +2% at $85; HYPE +1% at $40.30
DOGE (+12%), PEPE (+8%) and FIL (+7%) led high movers
Oil +4% at $103; Gold -1% at $4,570
Inventory futures are barely inexperienced forward of FOMC and regardless of surging oil
The CFTC sued Wisconsin Tuesday, making it the fifth state the company has taken to federal court docket in lower than a month over prediction market jurisdiction
Tether introduced Tuesday it’s constructing a brand new class of modular, high-density Bitcoin mining methods in partnership with Canaan and ACME Swisstech
Localhost Analysis introduced a brand new Publish Quantum Cryptography Group Tuesday, partnering with Stanford cryptographers Benedikt Bünz and Dan Boneh to fund devoted analysis into Bitcoin-specific post-quantum signature schemes
Canada introduced plans to ban crypto ATMs to guard its residents from fraud
Company Treasuries & ETFs
Meme Coin Tracker
Meme leaders had been very inexperienced; DOGE +12%, SHIB +6%, PEPE +8%, PENGU +1%, TRUMP +1%, BONK +6%, SPX +7%, FARTCOIN +7%
Bull (+60%), Both (+30%) and CARDS (+14%) led notable movers
💰 Token, Airdrop & Protocol Tracker
MegaETH launched a brand new terminal and incentive program, with factors earned primarily based on app utilization (MEGA +9%)
Layer Zero pledged 10,000+ ETH to the DeFi United trigger, a a lot awaited response given the staff’s involvement within the exploit
🚚 What is occurring in NFTs?
NFT leaders had been principally flat; Punks even at 30.9 ETH, BAYC +1% at 9.75 ETH, Pudgy +1% at 5.34 ETH; Hypurr’s -3% at 350 HYPE
MegaETH NFTs rallied with World Laptop Netizens (+60%) and Unhealthy Bunnz (+55%) main
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