Within first 30 minutes, $1.1 trillion was erased from the US market, but $930 billion was added back within the next 40 minutes.
The S&P 500 jumped +0.83% at the open, adding $560 billion.
Then it crashed -1.27% in just 30 minutes, wiping out $860 billion. It has now added back $680 billion, up 1% from the bottom.
The Nasdaq saw an even sharper swing.
It opened up +0.94%, adding $333 billion, then crashed -2.29% in 30 minutes, wiping out $820 billion. It has since added back $420 billion, up 1.22% from the low.
Meanwhile, the Dow Jones and Russell 2000 are both sitting at fresh all time highs.
The Dow is up +1.50% today, adding $340 billion, while the Russell 2000 is up +1.44%, adding $40 billion.
Tech stocks are seeing sharp swings because investors are growing nervous about high valuations in AI and chip names, especially with the Fed signaling more rate hikes instead of cuts.
Higher rates hit growth stocks hardest since their value depends on future earnings, which get discounted more when borrowing costs rise.
That's pushing money out of tech and into the Dow, where defensive, non tech names with steady earnings and dividends look safer in this environment.
The two biggest CRYPTO BULLS are now down a combined -$22.5 BILLION.
Bitcoin has crashed -$17,488 over the past 10 days to a four-month low of $60,500. Saylor's $BTC holdings are now at a record $12.5 BILLION unrealized loss.
Ethereum is down -25% over the same period, falling below $1,600 for the first time since April 2025. That puts Tom Lee's ETH holdings at roughly $10 BILLION in losses.
1 person lost $30,000 worth of USDT in a P2P scam, and honestly, it still hurts.
On May 12, he listed my USDT for sale on a Binance P2P platform, and a buyer contacted who looked completely legit. He even appeared as a trusted merchant, so I did not think much about it.
He sent the payment, I received the bank SMS confirmation, and everything looked normal. At that moment, I thought the deal was done.
Then everything changed.
The buyer cancelled the order, filed a fake report, and my account got frozen. The payment was reversed, and my crypto was gone. Just like that, my months of hard work were wiped out.
1. Trust no one Just because someone looks verified, professional, or experienced does not mean they are safe. Scammers know exactly how to build trust fast and make everything look normal until it is too late.
2. Confirm real payment A bank SMS or payment screenshot means nothing. I learned the hard way that crypto should never be released until the money is fully settled and confirmed inside your actual bank account.
3. Never rush a deal Scammers win when you act fast without thinking. The moment you feel pressure, urgency, or confusion, stop the trade. Losing one deal is nothing compared to losing your entire balance.
HYPE pumped +23% in the last 24 hours, adding $2 BILLION to its market cap.
Why it's pumping:
- Coinbase just became the official USDC deployer on Hyperliquid - The $5 billion in USDC on Hyperliquid earns 3.5-4% yield. That's around $200M a year. - That increases Hyperliquid's annual revenue by 25% - 99% of revenue is used to buy back $HYPE