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At the moment’s prime 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, proclaims new programmatic purchase again
Robinhood’s HOOD inventory falls 10% on earnings miss, falling crypto income
Polymarket in energetic discussions with CFTC to elevate ban on US customers
🟠 Paul Tudor Jones Calls Bitcoin Strongest Inflation Hedge
In a Tuesday interview on the Make investments Just like the Greatest 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 monetary stimulus, he stated, 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 stated.
His feedback on equities had been a bit completely different. He stated 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 earn money” 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. Whole 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 wanting expectations. Shares fell 6% after hours and are down 10% premarket.
The motive 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% worth 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 worth motion, and the inventory has tracked BlackRock’s IBIT extra intently 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 identical time, Pump introduced a brand new programmatic buy-and-burn for PUMP tokens utilizing 50% of income. They are going to 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 progress.
Zoomed out, Pump.enjoyable has seen large success. Up to now 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.
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However regardless of allocating 100% of income to buybacks, the group stated a belief deficit developed round what these bought-back tokens would finally be used for. The hope is that this new burn removes that uncertainty completely (or at the least 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 purposes and monitor buying and selling markets, as a direct response to dropping greater than 20% of its workforce underneath Trump’s federal staffing cuts.
The present course of is totally guide with doc submissions reviewed by employees. The brand new system will flag incomplete purposes, pace up suggestions, and reject filings that aren’t materially full. Present employees are being educated on Microsoft Copilot whereas in-house swap information and market surveillance instruments are in growth.
Selig recognized the joint CFTC/SEC digital asset taxonomy steerage as probably the most consequential crypto motion of his tenure, and put prediction market individuals “on discover” in regards to the company’s enforcement posture. Notably, the SEC has roughly six occasions the CFTC’s employees, whereas the CFTC’s mandate is increasing quickly to cowl crypto, prediction markets, and derivatives. The hope is that AI might help make up for that useful resource hole…
🇺🇸 Polymarket Is Making an attempt to Come Again to the U.S.
Polymarket is in energetic discussions with the CFTC to elevate the ban on U.S. merchants from its fundamental worldwide trade, Bloomberg reported Tuesday.
The restriction has been in place since a 2022 settlement by which Polymarket paid a $1.4 million tremendous and agreed to exit the US market after working an unregistered occasion contract facility. A separate US-only Polymarket platform obtained CFTC clearance in November following the corporate’s acquisition of a registered trade, however that platform has but to completely launch.
A CFTC vote is required to take away the ban. With 4 fee seats at present vacant, Chairman Selig is the only real sitting commissioner, which may simplify the approval course of. If cleared, Polymarket’s fundamental trade would compete immediately with Kalshi on US soil for the primary time.
🌎 Macro Crypto and Markets
Crypto majors rebounded 1-2% forward of FOMC right this 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 prime 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 courtroom 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 techniques in partnership with Canaan and ACME Swisstech
Localhost Analysis introduced a brand new Put up 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 based mostly on app utilization (MEGA +9%)
Layer Zero pledged 10,000+ ETH to the DeFi United trigger, a a lot awaited response given the group’s involvement within the exploit
🚚 What is going on 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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