Key Highlights

• Bitcoin dropped to ~$78,131 on Saturday, down 1.3% in 24 hours and 2.7% on the week, while Ethereum fell to ~$2,178 (-5.6% on the week, worst among majors) and Solana slid to ~$86.36 (-7.0% 7d) as the total crypto market cap dipped to $2.6 trillion.
• U.S. spot Bitcoin ETFs recorded -$290.42M in outflows on May 15 (SoSoValue), led by IBIT at -$136.25M and ARKB at -$52.48M. Ethereum ETFs bled -$65.65M. XRP was the only asset class with positive flows at +$10.87M, confirming a clear divergence between legacy crypto and altcoin ETFs.
• The 30-year Treasury yield surged to 5.114% — a 12-month high — while CME futures now price a 44% chance of a Fed rate hike by December. Crypto stocks gave back Thursday’s entire…