🚀 Bitcoin hits new all-time high

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Bitcoin surged to a new all-time high above $112,000 on Wednesday, lifted by a broader tech rally led by Nvidia, which briefly hit a $4 trillion valuation. The cryptocurrency peaked at $112,052.24 just before market close, edging past its previous May record. Despite trading sideways in recent weeks, Bitcoin has shown renewed strength as investors shift into a risk-on mode, buying growth assets like cryptocurrencies and tech stocks. Analysts say corporate bitcoin purchases are outpacing ETF inflows, and with crypto legislation moving through Congress, some expect a summer rally that could push prices toward $120,000.

2. Linda Yaccarino has stepped down as CEO of X, Elon Musk’s rebranded Twitter platform, after serving in the role for two years. Her departure comes amid fresh controversy over antisemitic remarks made by Musk’s AI chatbot, Grok, just days earlier. Yaccarino, brought on in 2023 to stabilize the company and rebuild advertiser trust, didn’t cite a reason for leaving, though reports suggest her exit had been planned for over a week. A longtime ad executive at NBCUniversal, she was tasked with managing business operations at X during a tumultuous period that saw significant changes to content moderation and advertiser relationships.

3. Shares of WK Kellogg surged over 50% Wednesday after reports that Italian confectionery giant Ferrero is nearing a $3 billion deal to acquire the cereal maker. WK Kellogg, home to iconic brands like Froot Loops and Frosted Flakes, was spun off from Kellanova in 2023, which retained snacks like Pringles and Cheez-It. The potential acquisition reflects broader consolidation in the packaged food industry, as consumers shift away from sugary cereals and toward healthier or cheaper private-label options. The deal would also mark a significant expansion of Ferrero’s U.S. footprint, building on its recent product push into the American market.

   Headlines

   1. Brazil has announced it will reciprocate any tariffs placed on it by the US.

   2. Transport Secretary to act as interim NASA administrator.

Are you looking to grow your business? Here is how I can help: 

📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

Get a List of the Best HRIS Software for Your Company

Stop wasting time on endless research and confusing options.

Our HR Software experts provide you with tailored recommendations from our database of 1,000+ vendors across HRIS, ATS, Payroll, and HCM.

✅ 15 minutes vs. hours of demos
✅ 1:1 help from an HR Software expert
✅ No spam, no sales pressure

Get Your Free HR Software Matches

Onwards and Upwards,

Liam Gill