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]
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in April 2025, Government-held Bitcoin has dropped to 463,741 BTC from 529,591 BTC in July 2024. -Coingecko
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Bessent says we will see what happens with China when asked if he planned to call his counterpart.
🚨Pakistan defence minister says military incursion by India is imminent. -Reuters
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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
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US dollar to face growing competition for stablecoin dominance -Tether co-founder Reeve Collins
Reeve Collins: Stablecoins help maintain the dollar's dominance in crypto, but new backing options are emerging
Julius Baer: China's economic growth is expected to face challenges in the coming quarters due to escalating trade tensions making it difficult to sustain the current growth rate. Stronger policy support is expected to partially offset the negative impact of external shocks [Xi is ready to fire more money cannons to prove the haters wrong]