Did you know that Elon Musk used to be apart of the founding team of Open AI and now he is at war with them!

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Coinbase Going Global
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Coinbase Going Global

Ah, Coinbase and the SEC - a match made in regulatory heaven! It's like watching a couple argue over who gets to control the thermostat - except instead of temperature, it's the fate of a multi-billion dollar cryptocurrency exchange. Who knew that one little disagreement over whether or not to register a lending product could lead to so much drama? Last month the SEC notified the largest U.S. crypto platform, Coinbase Global Inc., that it was preparing to sue the company for allowing investors to trade unregistered securities. It’s like the crypto world's version of "As the World Turns", but with more legal jargon and fewer shirtless hunks. Will Coinbase prevail and emerge victorious, or will the SEC rain on their parade and send them packing? Tune in next time to find out!

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Catalysts

Bank Goldman Sachs is exploring the sale of its Greensky fintech business as it moves to scale down its retail ambitions
China GDP grew 4.5% YoY in Q1 amid end to Covid curbs
Netflix beat Q1 EPS estimates but missed on revenue on disappointing subscriber growth driven by its password-sharing crackdown; the firm also revealed worse-than-expected Q2 projections
The VIX fell to its lowest level since January 2022
Debt limit deadline might be sooner than expected
China banned Raytheon and Lockheed Martin execs from entering

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