Bloomberg Analyst: May Be Time to Retire ‘Sell in May’ Strategy, S&P 500 ETF Only Lower in 2022 in Past Decade

April 29: Kazakhstan’s Ministry of Energy says it is not considering exiting OPEC+.

On April 29, Vitalik Buterin sold off meme coin ASTEROID (contract address: 0xaff2565091e7207191dbe340b8528d02fa78d044)—sparking fresh FOMO across crypto communities. Per GMGN data, the token saw a short-term pump of over 2x, with its current market cap at $13.56 million. Meanwhile, a separate ASTEROID token (contract address: 0xf280b16ef293d8e534e370794ef26bf312694126)—which previously had strong community consensus—dropped 8% temporarily, now holding a $115 million market cap. A parallel scenario unfolded with NEIRO in August 2024: Vitalik received an airdrop from the NEIRO dev team and immediately sold the tokens, triggering a brief dip in related coins. Community buying pressure then surged, driving a sharp rebound—prices jumped over 200% from their lows and hit a new high at the time.

On April 29, the Kyber Network attacker transferred 2,900 ETH (valued at $6.8 million) to Tornado Cash, per PeckShield monitoring data. KyberSwap was hit by a reentrancy attack on November 23, 2023, leading to roughly $47 million in losses.

April 29 — Onchain Lens reports that Vitalik Buterin has begun selling gifted meme tokens. He’s offloaded 40 million ASTEROID-2 tokens, netting 114,566 USDC, and could sell additional gifted tokens moving forward.

On April 29, Thomas Hulick, CEO of Strategy Asset Managers, noted that while markets broadly expect Federal Reserve Chair Jerome Powell and the Federal Open Market Committee (FOMC) to hold interest rates steady, the current key variable is energy. Futures markets point to expectations of oil prices staying above $85 a barrel, which continues to lift inflation expectations and amplify intraday fluctuations in U.S. Treasury yields. As long as unresolved Middle East tensions involving Iran and the potential for a Strait of Hormuz blockade persist, the bond market will remain sensitive to inflation risks. “That’s why we’re still hearing talk of a possible rate hike later this year,” he added. To bring yields back to normal levels, he noted, oil prices may need to fall to the $70 per barrel range. “Once energy prices stabilize, inflation expectations should ease—pushing U.S. Treasury yields back to a more fundamental level.” (Source: Jinse)

**April 29** On-chain analyst Ai Whale (@ai_9684xtpa) reports a whale that accumulated 3,700 ETH in February at ~$1,973 each is suspected to have closed out its position, netting an estimated $1.328 million in profit. The address 0xfda…39f26 deposited 3,418 ETH (worth ~$7.98 million) to Binance an hour ago—this same address also made a deposit on April 26. If the latest deposit is for a sell order, the whale will fully exit the market after this transaction, with an average deposit price of ~$2,332, translating to an 18.2% return over two months.