📊 Headlines this week: "Wall Street is buying ETH, retail is late." $857M of weekly digital-asset inflows, ETHA at $6.5B AUM, FETH absorbing $49M in a single session. Our ETH Smart Money Flow Index (the only ETH-exclusive variant we ship) disagrees. Hard. Exchange Flux Balance has been net-negative on ETH for 11 of the last 14 sessions. ETF custody is up, but spot exchange reserves are not draining the way they did in March 2024 before the move to $4k. The ETH leaving exchanges is going to staking and custody — not to ETF authorized participants creating new shares against actual spot demand. Net result: The ETF flow number is a window-dressing print. The plumbing underneath shows distribution, not accumulation. ETH Smart Money Flow Index sits at -0.18 — lower than the day ETH topped at $4,946 in August 2025. ETH is not breaking out from $2.2k until Flux Balance flips and Smart Money Flow crosses zero. Headlines are noise. Plumbing is signal. #etf

🇺🇸🗣 Billionaire Jeff Bezos says the bottom half of US workers should pay zero income tax.

🇺🇸🇮🇷 Trump stated that negotiations between the USA and Iran have entered the "final stage."

15 mins to go, get ready everyone..

M.Video's board has decided against paying dividends for the year 2025.

Large-scale Gaussian splats have reached a new level of realism. This is a well-known temple in Bangkok, reconstructed as a high-fidelity 3D environment from 360 captures. At this level, the boundary between video and 3D starts to disappear. But what you’re looking at is not a video. It’s a dense spatial representation of a real place, where geometry, texture, and structure are preserved and made machine-readable. This kind of 3D data can power Visual AI, Robotics navigation, VPS localization, XR experiences, world models, and next-generation spatial computing systems. Built with Over the Reality. Have an Insta360 X5 and want to become a mapper? Apply here:

insta360.ovr.ai

Want to turn your own videos into 3D Gaussian Splats? Do it for free at

freegaussian.ai

Unbound is launched on Eval Engine — The first AI model with no guardrails that runs on your device - Browser, iPhone and Android Zero servers Zero cloud Zero deployment The whole model lives on your phone

SWISSCHEESE DAILY | May 20 Big night for markets ahead 👀 Tonight’s focus: • NVIDIA earnings • Fed Minutes • Target / Lowe’s earnings Markets are watching AI demand, consumer strength and rate expectations closely. What are you watching most tonight? 👇 Trade U.S. stocks, crypto & ETFs: https://swisscheese.finance

BitMart just dropped the second issue of our State of Real-World Assets report 🎉 This one is called "From Permission to Practice" and it goes deep on where RWA tokenization actually stands in 2026 - institutional deployment, asset allocation, and the HNW opportunity. Key numbers from the report: - Onchain RWA TVL hit $24.6B by April 2026, up nearly 5x from early 2025 - BlackRock BUIDL crossed $2.4B AUM - a 12x jump from launch - Only 10% of tokenized RWAs are actively composable in DeFi - Global HNW investable assets = $90T. 5% into RWA = 160x current market We put this together with Dune, RedStone, and Optimism - so the data and infra perspectives are grounded in what's actually happening onchain. 👉 Full report here:

bit.ly

Worth a read if you're tracking the institutional side of crypto 🔥