📈Ithaca Protocol Market Update 

► Trump ‘ chickening out ’ trending on Weibo; 4D chess in trouble as Japan balking at deal and damage to the real economy unfolding in real-time. Market sees through and has stabilized in all red zones, is oversold and crypto anticipating inevitable easing

► Bessent’s presser was not what the doctor ordered; starting as a strategist rather than a client facing person catches up with you 

► Trump’s approval ratings taking the expected hit post honeymoon and the big reveal of ‘ winging it based on ( correct ) instincts ’ vs reality disconnect
 
► Market breadth signals market bottom too

► Research reports by Citi and JPM on stablecoins; crypto’s killer app has been with us for some time

► ‘ US equity selloff driven by aggressive derisking by hedge funds; not much foreign selling and domestics have been buying ’ ( hint: HFs need to cover at some point )

► Yes, new SEC chairman who is a notable crypto advocate is not just a 1 day headline