Tariff Tango, Trump's TACO Talk, and the Great Bitcoin Corporate Stash!

Hey Degens,

If the crypto market felt jumpy, it had company.

Just when you thought the macro landscape couldn't get any spicier, the U.S. legal system decided to throw a full-on tariff tantrum.

Washington’s courts played tariff ping-pong, retail traders kept buying like the dollar was melting ice, and every bored corporate board decided Bitcoin belongs on the balance sheet.

Mix in Nvidia euphoria, a shrinking U.S. economy, and you get a week that looked like a yard sale in a windstorm.

Let’s dive in!

🧃 THE JUICE (a.k.a. THE RUNDOWN)

Tariff Turmoil: A federal court struck down President Trump’s sweeping tariffs, deeming them unconstitutional, only for an appeals court to temporarily reinstate them. The legal ping-pong has begun, with the Supreme Court likely getting the final serve. Uncertainty, thy name is U.S. trade policy.

Corporate Stacks Sats: GameStop, the OG meme stock, dropped a cool $500 million on Bitcoin for its treasury. Trump Media & Technology Group also announced plans to raise $2.5 billion for its own BTC stash. MicroStrategy, the OG Bitcoin whale, continues to be the blueprint, now holding over 580,000 BTC.

Nations Go Full HODL: Pakistan is setting up a strategic Bitcoin reserve, aiming to mine 17,000 BTC per year. El Salvador is still ignoring IMF warnings and stacking sats. Even NYC Mayor Eric Adams is pushing for "BitBonds" to quietly build a public Bitcoin reserve. As Pakistan's Bilal Bin Saqib put it, "We will be holding these Bitcoins and we will never, ever sell them."

Market Mood Swings: While traditional markets are reeling from tariff uncertainty, with US stocks lagging global peers, Bitcoin has shown surprising resilience. Retail investors are accelerating their pace, seeing debasement and persistent bids, while institutional money remains cautious, waiting for legal clarity.

Powell's Poker Face: President Trump met with Fed Chair Jerome Powell, reportedly pressing him to lower interest rates. Powell, ever the stoic, reportedly told the President he wouldn't make monetary policy decisions based on politics. Some things never change.

The key to a $1.3T opportunity

A new real estate trend called co-ownership is revolutionizing a $1.3T market. Leading it? Pacaso. Led by former Zillow execs, they already have $110M+ in gross profits with 41% growth last year. They even reserved the Nasdaq ticker PCSO. But the real opportunity’s now. Until 5/29, you can invest for just $2.80/share.

Invest in Pacaso today.

_{This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.}

DEGEN DEN MAIN EVENT

The Tariff Tango: A Legal Limbo for Markets

Tariffs were supposed to be blunt-force economic policy.

Instead they became legal confetti. On Wednesday the Court of International Trade said President Trump stretched the International Emergency Economic Powers Act past the breaking point.

Hours later a federal appeals panel stapled the tariffs back in place while the paperwork shuffles toward the Supreme Court.

The result is policy Schrödinger: tariffs both live and dead.

UBS economist Paul Donovan put it simply, “The main outcome is uncertainty.” Corporations agree; capital spending plans are on ice until someone finds the rule book.

That hesitation spills into risk assets. The CoinDesk 20 slid 4.4 percent; Bitcoin dipped to $105 k, flirting with the round-number ego boost it won only weeks ago.

Treasury yields ticked higher, the MOVE index chilled, and retail investors-ever the optimists-kept buying everything not nailed down.

Institutional desks, paid to fear headline risk, stayed defensive.

One trader muttered on a podcast, “You can’t model judicial whimsy.” Meanwhile, Nvidia’s blow-out earnings lit up equity screens, masking the fact that U.S. markets lag every major region this year.

Canada, China, and even France are eating America’s lunch while Wall Street argues over tariff footnotes.

Why does crypto care?

Because macro correlations refuse to die. If tariffs stick and inflation flares, the Fed’s rate-cut dream drifts away.

Dollar strength hurts BTC in the short run. If the courts kill the levies and stimulus flows, liquidity could flood back into both equities and coins.

Either path feels like waiting for a coin-flip that never lands. For now, Bitcoin’s ability to hold six-figure ground while the macro backdrop wobbles is the quiet headline. As Michael Saylor told Bloomberg, “Volatility is the price of admission. Uncertainty is the whole show.”

That’s a wrap.

Courts argue, miners hum, and every CFO suddenly wants a cold-storage wallet.

Stay caffeinated, question every narrative, and remember: in crypto, clarity is a rumor.

– Dr. P, yelling calmly from the eye of the storm

Meme of the Day