Inflation Hits Harder Than Expected, Bitcoin Miners Pivot to AI, and the Stablecoin Yield Fight Intensifies

Welcome to Stock Market Today — your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets. Let's get into it. Inflation data just crushed rate-cut expectations. April CPI surged three point eight percent year-over-year versus three point seven forecast, with monthly CPI climbing six-tenths of a percent versus three-tenths expected. Core CPI hit two point eight percent year-over-year, above the two point seven forecast. Fed funds futures now price a ninety-eight percent probability of no rate change through June seventeenth. Bitcoin holding eighty thousand eight hundred fifty-seven dollars, Ethereum at two thousand two hundred eighty-eight dollars. Ten-year Treasury yield jumped to four point four four percent. Bitcoin miners are bleeding. MARA reported a one point three billion dollar Q1 loss on its thirty-eight thousand BTC treasury. The company sold one point five billion dollars worth of BTC and is pivoting into AI infrastructure with a planned one point five billion dollar acquisition of Long Ridge Energy. CleanSpark posted a three hundred seventy-eight million dollar loss. Both miners are redirecting capacity toward AI data centers as mining costs exceed current BTC prices. Senate Banking Committee released the three hundred nine page Clarity Act ahead of Thursday's markup vote. Banking groups panicked over stablecoin yield provisions. The American Bankers Association urged bank executives to contact senators immediately. The compromise prohibits deposit-like interest but allows activity-based rewards. Circle stock surged sixteen percent after raising two hundred twenty-two million dollars for its Arc blockchain at a three billion dollar valuation. Backers include Andreessen Horowitz, Apollo, BlackRock, and ARK Invest. Arc launches summer twenty twenty-six competing with Ethereum and Solana. Ethereum Foundation announced the Glamsterdam upgrade now targets Q3, featuring a two hundred million gas limit floor versus current sixty million. Michael Burry warned the Nasdaq one hundred is trading at forty-three times earnings versus thirty times historical average. Arthur Hayes countered, predicting Bitcoin will hit one hundred twenty-six thousand dollars. That wraps your market intel — trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot dot i o.