ETH approved, NVDA crushes, equities bought

Week ending May 26th

PAST WEEK

YEAR-TO-DATE

Nasdaq

+1.1%

+13.8%

S&P500

-0.1%

+11.9%

MSCI Emerging Markets

-1.2%

+8.3%

Bitcoin*

+3.1%

+60.5%

Ethereum*

+24.3%

+63.0%

Stock of the week:
Nvidia

+12.8%

+121.0%

Crypto of the week:
Ethereum*

+24.3%

+63.0%

*Source: CoinGecko.com As of 7:37pm May 26th

Top stories of the past week

1) ETH ETFs Approved: The U.S. Securities and Exchange Commission (SEC), who is basically the big dawg regulating U.S. financial markets, approved Ethereum ETFs for launch. This was a big surprise to the markets, and ETH rallied by more than 20% on the news.

Source: CoinGecko

2) Nvidia beats expectations…again: After beating earnings expectations, with revenue up 262% from last year, Nvidia stock shot up more than 9% and topped $2.5 TRILLION for the first time. Nvidia’s CEO & President is now worth over $93 billion - mad.

Source: Google Finance

3) Lots of U.S. equities were bought: With rising expectations that the U.S. Federal Reserve might cut interest rates due to signs of slowing inflation, $9.9 billion of U.S. equity funds were purchased last week.

Top WEIRD stories of the past week

1) Less weird and more awesome, Charles Leclerc won the Monaco F1 Grand Prix - his first time winning his home after three pole positions. Third time’s the charm for the Monégasque.

2) The dog that spurred a thousand memes joins Harambe in heaven. Kabosu, the shiba inu who is the face of Dogecoin, passed away. Your loyal followers will never forsake your memory.

3) A Thai village is overrun by monkeys, and officials have launched a sweeping effort to lure them into thousands of cages before this turns into Planet of the Apes.

You like charts? Graphs? Of course you do.

Meme coins giveth and taketh away. Normie, a recently popular meme coin which peaked at over $125 million in market cap, collapsed by 99% overnight following a hack.

Source: CoinGecko

On this day…

…in 1937, the Golden Gate Bridge was opened. On its first day, more than 200,000 people paid 25 cents each to walk across it.

Banger of the week

Meme? Nah. Art.