🚨🚨Piper Sandler: Correlations among US stocks, bonds, and the dollar are at the highest level since at least 2019 [even higher than Q1 2021, right before the last big bull]

Goldman Sachs: Approximately 16 million jobs in China are at risk due to US tariffs.

Goldman Sachs: In response to the potential economic impact of US tariffs, the People's Bank of China (PBOC) may intensify its monetary policy measures in the coming months, once the effects of the tariffs become clearer.

Goldman Sachs: expects "dual cut" in both the second and third quarters, referring to reductions in both the reserve requirement ratio and the policy rate, followed by another policy rate cut in the fourth quarter.

1 billion USDT minted at Tether Treasury on Tron [the most used USDT network by Asia]

US Ethereum spot ETF experienced a net inflow of $104.16 million on 25 Apr 2025

Crypto lender Nexo returns to US two years after $45m settlement with SEC -announcement

🚨Jefferies: China may not rush to negotiate with US. Due to strong domestic support in China for firm countermeasures, Beijing is unlikely to feel pressured to negotiate hastily. [please take your time]

Jefferies: The impact of the trade war on China's exports began in April and may start to affect domestic demand in May. If signs of an economic slowdown intensify in May, Beijing could provide fiscal support across multiple areas to boost domestic demand. [sending total stablecoin market cap above $1tn]

in April 2025, Government-held Bitcoin has dropped to 463,741 BTC from 529,591 BTC in July 2024. -Coingecko

Bessent: first trade deal might come as early as this week or next week.

Bessent says we will see what happens with China when asked if he planned to call his counterpart.

Bessent: Maybe they will call me one day

🚨Microstrategy acquired $1.42B in Bitcoin April 21-27

🚨Trump: America can no longer subsidize Canada.

Arizona's Bitcoin and crypto reserve bills are scheduled for a Third Reading today before a final vote.

🚨Pakistan defence minister says military incursion by India is imminent. -Reuters

Bessent: They've given us a list of what comes from the US that's valuable to [China]. I have an escalation ladder in my back pocket, and we're very anxious not to have to use it

US 10Y yields moving down (white), Bund 10Y yields moving up (orange) and DXY ticking up (blue). Money already flowing back into US Treasuries.

🇨🇦 Election Day in Canada, Kalshi has Mark Carney at 81%.

🚨US Treasury expects to borrow $514 billion in second quarter -PR [=$500bn more USDT, USDC to be printed]