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🌄 Good morning. It's Wednesday, May. 21, and we're covering, Warby Parker Stock Soars 16% After $150M Smart Glasses Partnership With Google, Elon Musk Confirms Tesla Robotaxis Will Hit Austin Streets In June, Trump Unveils $175B ‘Golden Dome’ Missile Defense System To Counter Hypersonic Threats, and much more. First time reading? Sign up to get this newsletter: Sign up here. 

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $3.4 Trillion, a 1.93% increase in the last 24 hours.

• The total crypto market volume over the last 24 hours is $124.19B, which makes a 3.81% decrease.

• The total volume in Defi is currently $34.69B, 27.93% of the total crypto market 24-hours.

• The volume of all stablecoins is now $117.38B, which is 94.52% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 62.96%, an increase of 0.17% over the day.

Bitcoin Tops $107K, Analysts Predict Record Highs This Summer

Bitcoin crossed $107,000 on Tuesday as analysts increasingly bet on a summer breakout. Institutional buying, surging ETF inflows, regulatory clarity in the U.S., and political catalysts are aligning to push BTC toward new all-time highs. "Buy in May and go away" might be this year's crypto mantra, with over $3.3B flowing into U.S.-traded spot bitcoin ETFs in May alone. Traders are already eyeing $110K–$120K targets via Bitcoin options ahead of key macro events like the Fed’s June rate decision and Trump’s July 9 tariff deadline. BTC is now just 2% below its January record. (Read Deeper)

BUSINESS & FINANCE

Warby Parker Stock Soars 16% After $150M Smart Glasses Partnership With Google

Warby Parker shares popped 15.6% following news of a $150 million partnership with Google to co-develop smart glasses. Announced at Google’s I/O developer conference, the collaboration will see Warby Parker launch AI-powered eyewear built on Android XR and featuring Google’s Gemini assistant, positioning them as stylish rivals to Meta’s Ray-Ban smart glasses. The deal includes an initial $75M in product development and an additional $75M pending performance milestones. The first smart glasses are expected to arrive after 2025, with design and wearability front and center.

Why It Matters: This marks a major reentry into smart eyewear for both companies: Google returns after its early Google Glass misfire, and Warby Parker steps into tech-enabled fashion. With Meta and Ray-Ban gaining traction, the battle for your face is heating up, and AI assistants may soon be one lens tap away. (Read Deeper)

Fortnite Returns To Apple App Store In The U.S. After Nearly 5-Year Ban

Epic Games’ blockbuster title Fortnite is officially back on Apple’s App Store in the U.S. after nearly five years. The return follows a federal judge’s ruling that Apple violated a court order requiring it to allow competition in app payments—an outcome that could reshape the economics of the iOS ecosystem. Epic had been booted from the App Store in 2020 over its refusal to comply with Apple’s 30% in-app commission policy.

Why It Matters: The ruling against Apple could open doors for more app developers (like Spotify and Netflix) to bypass Apple’s commission-heavy system. The result? Potentially billions in reclaimed revenue and a shift in power away from platform gatekeepers. (Read Deeper)

TECHNOLOGY & SCIENCE

Elon Musk Confirms Tesla Robotaxis Will Hit Austin Streets In June

Tesla CEO Elon Musk says the company’s long-awaited robotaxis will debut in Austin, Texas, by the end of June. The rollout will begin with 10 autonomous Model Y vehicles equipped with Tesla’s new “FSD Unsupervised” software—without a human safety driver. If successful, Tesla will rapidly expand the fleet to thousands of cars and bring the service to Los Angeles and San Francisco. Tesla’s robotaxis will operate in geofenced areas at first, with remote human monitoring. Musk emphasized that Tesla’s camera-based AI system offers a more scalable approach than rivals like Waymo, which use lidar and other expensive sensors.

Why It Matters: This marks the boldest move yet in Tesla’s years-long pursuit of fully autonomous vehicles. While past deadlines have slipped, this pilot puts Tesla in direct competition with Alphabet’s Waymo in the robotaxi space.

Scientists Propose Simpler Theory of Gravity That Could Reshape Modern Physics

A breakthrough from two Finnish physicists may offer a long-sought key to unifying gravity with the Standard Model of physics. In a new peer-reviewed paper, Mikko Partanen and Jukka Tulkki propose a compact, renormalizable gauge theory—dubbed "unified gravity"—that simplifies how gravity is treated mathematically and brings it in line with the quantum world. Unifying gravity with quantum physics is the holy grail of theoretical physics—and this work offers a new path forward without the complex, often untestable assumptions of string theory or loop quantum gravity.

Why It Matters: The theory frames the universe as overlapping fields of symmetry and breaks down spacetime into manageable, four-dimensional chunks, using algebraic simplifications to cancel out infinities that have plagued previous models. By reducing variables and avoiding unresolved infinities, this model could change how we think about spacetime, force interactions, and the universe itself. (Read Deeper)

AROUND DE WORLD & POLITICS

Trump Unveils $175B ‘Golden Dome’ Missile Defense System To Counter Hypersonic Threats

President Trump has officially selected a design for the Golden Dome, a next-gen missile defense system aimed at shielding the U.S. from advanced threats including hypersonic weapons and space-based attacks. The system, inspired by Israel’s Iron Dome but exponentially larger, is expected to become operational before the end of Trump’s second term. With an initial $25B investment baked into Trump’s proposed tax bill, the Golden Dome will feature integrated land, sea, and space-based interceptors overseen by Space Force General Michael Guetlein. Canadian officials have also expressed interest in joining the program.

Why It Matters: This is the most ambitious U.S. missile defense initiative since the Cold War—potentially reshaping national security and global arms races. With projected costs of up to $542B over 20 years, critics and allies alike are watching closely. Pentagon officials say existing defenses are outmatched by new Russian and Chinese missile technologies. (Read Deeper)

Japan’s Farm Minister Quits After Saying He Never Buys Rice

Japan’s Agriculture Minister Taku Eto resigned after igniting public backlash for saying he’s never had to buy rice, thanks to gifts from supporters. The remark came as rice prices hit record highs, and many Japanese struggle with inflation and a deepening rice shortage. Eto’s resignation is another blow to PM Shigeru Ishiba’s government, which is battling record-low approval ratings (27.4%) ahead of a crucial summer election. Former Environment Minister Shinjiro Koizumi has been tapped as his replacement.

Why It Matters: In a country where rice is both a dietary and cultural staple, tone-deaf remarks like Eto’s are politically explosive, especially as inflation and supply pressures mount. (Read Deeper)

ENTERTAINMENT & SPORTS

Pep Guardiola Threatens To Quit If Man City Squad Grows Too Large

Manchester City manager Pep Guardiola says he will leave the club if handed a bloated squad next season. After leaving several players out of Tuesday's 3-1 win over Bournemouth, Guardiola insisted he won’t manage a team where 5–6 players are regularly sidelined from matchday squads. “I said to the club: I don’t want that. I will quit. Make a shorter squad, I will stay,” he said. City’s current first-team list features 28 players, but Guardiola wants a tighter group for the sake of morale and team unity. (Read Deeper)

George Wendt, Beloved ‘Cheers’ Star Who Played Norm Peterson, Dies At 76

George Wendt, the Chicago-born actor who immortalized the barstool-loving Norm Peterson on NBC’s legendary sitcom Cheers, has died at age 76, his family confirmed Tuesday. Costars paid tribute to Wendt as “the sweetest, kindest man,” with Perlman recalling their frequent slapstick bar brawls and Wendt’s good-natured spirit. “I’ll miss him more than words can say,” she said. (Read Deeper)

PODCAST(WHAT WE ARE LISTENING TO)

• Improving an investing operating system with Vitaliy Katsenelson, a well-known investor and author, would likely involve incorporating his insights and methodologies into various aspects of investment analysis and decision-making. ( Listen )

EXTRA BREVITI

• SEC Charges Unicoin With $100M Crypto Fraud Over Fake Real Estate Claims. (Read More)

• Google’s New Gemma AI Can Run on Your Phone, and Understand Health & Sign Language. (Read More)

• U.S. companies are racing to convert standard warehouses into bonded facilities, where goods can be stored tariff-free until they’re sold. (Read More)