Summary of market news from the past 24 hours with Kalacapital

-Google fired at least 200 of its important employees (core team, not interns or janitors)

-FED Chairman said there will be no Stagflation

-The FED Chairman said many times that right now there is no reason to think the FED will raise interest rates

-FED has reduced the speed of public bond sales => good for the market

-FED is not hawkish but remains neutral. BTC recovered to 59xxx then continued to decline

-Riot Platform (Bitcoin mining company not League of Legend guys) reported Q1 net income of $211.8 million and profit per share of $0.82

-Grayscale SOLD 167 million USD

-Today total US ETF -548.3 million USD

-A16z Fund buys 90 million dollars of OP (Optimism) tokens, this amount will be locked for 2 years

-MicroStrategy supports Ordinal

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