Diversitas

🚨Rebalance Alert🚨

Bitcoin dominance has printed a confirmed reversal on a daily chart, dropped below our trackline, and started printing red dots🔴 With signs pointing to a long-awaited altseason, we're reducing our $BTC allocation by another 5% and increasing exposure to altcoins accordingly.

Crypto Market Pulse 👀

• We just witnessed the largest short liquidation since 2021 — with $837.8M in short positions wiped out in just 24 hours🔥

• Ethereum printed its biggest daily gains since May 2021, gaining serious momentum. If this continues, altcoins could soon follow👀

• Bitcoin surpassed Amazon to become the 5th largest asset in the world, while Bitcoin dominance is starting to top out, hinting at a potential rotation into ETH and alts🔄

• $BTC ETF flows remained strong while $ETH flows continue to lag, though sentiment could flip quickly if the upside continues📈

• In a regulatory shift, the U.S. Federal Reserve confirmed banks can now buy, sell, and custody crypto✅

• Meanwhile, SEC’s Hester Peirce proposed a new framework for tokenized securities, potentially unlocking a new era for on-chain capital markets🧠

• The recently announced UK–US trade deal is being viewed as a win for Trump’s aggressive negotiating strategy pushing up stocks as well as crypto🤝

P.S. Several altcoins closed their daily candles back above our trackline 💪

We’ve officially added $LINK, $AVAX, and $ONDO back into our structure. All three are strong RWA plays, and we believe they’re poised to benefit significantly from accelerating tokenization trends🤑

In the past 24 hours:

• Robinhood announced plans for EU users to trade U.S. stocks via Solana and/or Arbitrum

• SEC Commissioner Hester Peirce pushed for allowing on-chain equity issuance and trading

• Superstate launched “Opening Bell”, a new platform to issue and trade tokenized shares on Ethereum and Solana

The RWA train is leaving the station 🚀

Crypto Market Pulse👀

• The Federal Reserve kept rates unchanged, once again resisting pressure from President Trump, who publicly demanded a cut multiple times🤔

• Coinbase Premium remained positive and ETF flows firmly in the green — a sign of continued institutional appetite✅

• Arizona officially signed the Strategic Bitcoin Reserve bill into law, making it the second U.S. state to adopt Bitcoin as a reserve asset👀

• The mayor of Vancouver declared it would be “financially irresponsible” not to start buying Bitcoin — a signal that the message is spreading far beyond U.S. borders🔥

• South Korea's leading presidential candidate committed to spot crypto ETF approval🇰🇷

• The U.S. is expected to announce a new trade deal with the UK today, according to the NYT — a move that could further ease global market tensions and potentially spark broader risk-on sentiment🤝

• Ethereum completed its Pectra upgrade, the network’s most significant update since shifting to proof-of-stake. The update also helped it turn deflationary again💪

P.S. Some altcoins are showing promising signs of recovery — if they close today’s candle above our trackline, we’ll start to add them back into our structure!

Crypto Market Pulse👀

• Markets are ripping higher this morning on a series of major macro developments. Most notably, China has officially confirmed it will begin trade negotiations with the U.S., setting a positive tone globally. Just hours later, China’s central bank cut key rates and injected 1 trillion yuan into the system — a bold move seen as both economic stimulus and negotiation leverage👀

• Adding fuel to the rally: U.S. Treasury Secretary Bessent is scheduled to meet China’s lead economic official this week, while a US-UK trade deal is also set to be signed, easing geopolitical tensions across the board👌

• Meanwhile, the Federal Reserve quietly bought over $20B in 3-year notes yesterday, marking the largest single-day bond purchase since QE in 2021. With markets now pricing in just a 3% chance of a rate cut, we believe the real odds are much higher🤔

• All eyes now turn to the FOMC decision later today. A dovish shift could add serious fuel to the current momentum📈

• ETF flows showed small outflows ahead of the FOMC meeting, likely a result of positioning into the announcement💸

• On the corporate front, Metaplanet acquired 555 BTC (~$53.4M) and KULR added 42 BTC (~$4M) to their treasury💰

• In a historic move, New Hampshire just became the first U.S. state to pass a Bitcoin Reserve bill into law. Signed by Governor Ayotte, HB 302 marks the beginning of what could become a national trend. 1 down. 49 states to go🔥

Crypto Market Pulse👀

• Markets are back in panic mode as Trump escalates trade war rhetoric. Over the weekend, he proposed a 100% tariff on non-U.S. films, and followed up Monday with plans to target pharmaceutical imports within two weeks.👀

• All eyes are now on tomorrow’s FOMC meeting. While the market expects rates to remain unchanged, any hint at easing could inject serious momentum💸

• Despite the macro chaos, ETF flows remain strong: and Coinbase Premium positive💪

• On the regulatory side, the House Financial Services Committee released a discussion draft of the new crypto market structure bill. Meanwhile, Chairman Paul Atkins will lead a May 12 roundtable on tokenization, joined by BlackRock, Fidelity, Nasdaq, and Franklin Templeton — a serious TradFi-crypto convergence signal🏦

• On the tech side, Ethereum’s Pectra upgrade is expected to go live tomorrow — bringing major UX improvements including one-tx swaps, biometric approvals, seedless recovery, and token-based gas payments🔧

• We remain extremely bullish on Ethereum — despite sentiment lagging behind — especially as it leads the tokenization race with $6.5B in RWA TVL🧠

P.S. $LINK closed its daily candle below our trackline — we’re temporarily removing it from structure and reallocating to $BTC and $ETH ahead of tomorrow’s FOMC meeting🤔