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1. An informal Iran-US MOU emerged with potential US troop withdrawal and lifting of naval blockade, but Iran countered with a ban on "hostile" vessels in the Strait of Hormuz, triggering a crude oil price drop.
2. PDD Holdings reported Q1 revenue miss, causing shares to fall 5% premarket, while Abercrombie & Fitch and DICK'S Sporting Goods beat profit estimates and raised outlooks.
3. BlackRock deposited 2,538 BTC to Coinbase worth $193 million; MicroStrategy reached a new all-time high, and Ethereum's MVRV ratio approaches a macro accumulation zone.
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1. China's April trade balance surpassed expectations with a surplus of $84.8 billion, signaling potential export strength.
2. Switzerland's largest bank, UBS Group, significantly increased its stake in MicroStrategy (MSTR) by approximately $98 million, showing strong institutional conviction.
3. Lumentum Holdings (LITE) will replace CoStar Group (CSGP) in the Nasdaq-100 index beginning May 18th, triggering rebalancing by index-tracking funds.
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