Quick Read

• WGMI crashed 11% in a single session as Bitcoin broke below $60K, nearly tripling the coin’s 4% daily decline.

• RIOT posted a $500M Q1 net loss and MARA absorbed a $1B mark-to-market hit when Bitcoin was still in the mid-$70s.

• May’s 172,000 jobs print crushed the 80,000 forecast, pushing the 2-year Treasury to a 16-month high and strengthening the dollar against Bitcoin.

• It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)

If you owned CoinShares Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) into Friday’s close, you watched it open at $69.36 and finish the day at $61.59, a 11.2% drop in…