π’ Warren Buffett's Berkshire Hathaway has built up a record cash pile of $397 billion, an amount large enough to buy 477 companies within the S&P 500.
π’ The U.S. stock marketβs value has climbed to a record 238% of GDP, with total market capitalization reaching $75.7 trillionβabout 90 percentage points higher than the peak seen during the 2000 Dot-Com era.
π’ The S&P 500 has reversed all of its opening gains and is now down more than 2%, wiping out over $1.1 trillion in market value. Meanwhile, the Nasdaq has dropped 3.75%, shedding an additional $800+ billion from the market.
π’ Onchain crypto card payment volume hit a record $833 million in May, rising 180% year-over-year and pushing total cumulative volume past the $9 billion mark for the first time.
π’ According to a CryptoQuant analyst, more than 50% of Bitcoinβs supply is now held at a loss, a level that has historically aligned with market capitulation and cycle-bottom formations.
π’ Ondo Perps has rolled out its public beta, giving selected users access to equity perpetual futures trading with up to 20x leverage and deep market liquidity.
π’ Close to 44% of Americans report that their financial situation has worsened compared to a year ago, marking the highest level since January 2023.