According to André Dragosch, PhD (@Andre_Dragosch), concerns are resurfacing over a potential SVB-like financial crisis if bond yields reach new cycle highs. Traders are increasingly considering Bitcoin as a portfolio insurance tool to hedge against systemic risks in traditional financial markets. The correlation between rising bond yields and stress in the banking sector signals possible capital flight towards cryptocurrencies, especially Bitcoin, as investors seek alternative stores of value during periods of heightened financial instability (source: Twitter/@Andre_Dragosch, May 23, 2025).

According to Fox News, Donald Trump has unveiled a plan for a 'Golden Dome' missile defense system that aims to surpass Israel's Iron Dome, featuring advanced technology capable of intercepting missiles launched from space (Source: Fox News, May 21, 2025). This announcement has led to increased activity in U.S. defense sector stocks such as Lockheed Martin and Northrop Grumman, with traders closely monitoring potential government contracts and defense spending. The news has also sparked discussions in the cryptocurrency market about possible increases in blockchain-based defense solutions and heightened interest in defense-related tokens, as geopolitical tensions and technological advancements often drive capital flows into crypto assets as alternative hedges.

According to The Kobeissi Letter, Canada's unemployment rate has surged to 6.9% in May 2025, exceeding expectations and hitting its highest level since 2021. The youth unemployment rate has also climbed sharply to 13.7%. These developments, attributed in part to the effect of tariffs, are causing concerns over economic stability and potential risk-off sentiment in traditional markets. Traders should monitor for increased capital flows into cryptocurrencies as investors may seek hedges against economic uncertainty, particularly as macroeconomic pressures mount. (Source: The Kobeissi Letter)