Markets Rally As Hong Kong Opens Crypto

The team discusses the new deal to raise the US debt limit. They also cover Ledger and the postponement of their new ledger recover program. 

• Crypto rebounded, but not by enough for May to be the market’s first monthly loss of 2023.
• A deal to raise the U.S. debt limit was finally reached, preventing the U.S. government from defaulting.
• Hong Kong will allow residents to trade certain cryptocurrencies as of June 1. Bullish news overall but unlikely to move markets in the short term.
• Ledger postponed the release of its controversial new service. Ledger owners can confidently upgrade their firmware in the interim.