Happy Monday!
We’re kicking off another new week with a quick catch-up on the weekend’s must-read headlines, a look at our top partners offer of the week, and, as always, a quiz to test your market knowledge. Let’s go.
Geo: Global (supported regions)
Dates: May 18-June 15
Up for grabs: Up to 150,000 USDT prize pool
BloFin’s AI Agent PK trading competition is live, with traders competing across team and individual leaderboards for a prize pool of up to 150,000 USDT.
Rewards are split across team trading volume, team PnL%, individual trading volume, and individual PnL%, with extra leadership bonuses of up to 5,000 USDT for top team captains.
To participate, register for the campaign, join or create a team, and trade during the competition period to qualify for rewards.
Microsoft and Uber are now the warning signs for enterprise AI spending. The tools may be saving time, but the bills are piling up.
Microsoft reportedly cancelled most internal Claude Code licences after token costs became unsustainable, while Uber said it burned through its full 2026 AI budget by April. With some engineer-level costs reportedly hitting $500 to $2,000 a month, it looks like the adoption hurdle may have been replaced by an affordability one.
Oil prices dropped more than 4% after President Trump suggested Iran nuclear talks were moving in an orderly direction, but told his team not to rush a deal.
WTI fell 4.61% to $92.1, while Brent slid 4.44% to $98.9, unwinding part of the geopolitical risk premium that had pushed Brent above $110 earlier in May. Risk assets moved the other way, with Japan’s Nikkei 225 breaking 65,000 for the first time, while Bitcoin held near $77,000 and the broader crypto market edged slightly higher.
Bitcoin whale positioning has hit a yearly high, even as retail demand falls to its most bearish level of 2026.
Addresses holding 1,000+ BTC added 47,000 BTC over the past two weeks, while Strategy bought another 24,869 BTC last week. With the Fear & Greed Index at 28 and a major resistance cluster sitting around $78,258, its clear that while retail is still nervous, large holders are positioning for a breakout.
Who is once again calling MicroStrategy’s Bitcoin strategy a leveraged disaster waiting to happen?
A) Michael Saylor
B) Peter Schiff
C) Cathie Wood
D) Jerome Powell
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