FOMC May minutes confirmed a two-sided framework with hike risk in play; the 10-year eased to 4.56% from a 52-week high of 4.687% , with NVDA beating but falling on buy-the-rumor. April PCE on May 28 is the first inflation read of the Warsh era as the Iran oil shock still feeds through. Inside crypto, BTC funding flipped positive ( 96th percentile ), liquidity tightened, and ETF streaks turned positive on still-negative 7-day flows; not a regime change.