BoA: Crypto $2.3bn inflow, past 2 weeks biggest inflow of '25 ($4.8bn)

The US dollar has seen so far its worst run of any of the last 7 presidents

🚨New Coinbase Bitcoin ad [this is not bearish]

Bessent WSJ Editorial: The American people should expect to hear the engine humming during the second half of 2025. We'll see less national debt and less dependence on China—all while maintaining a strong dollar.

🚨US Bitcoin ETFs bought 18,644 BTC last week, nearly 6x more than 3,150 BTC produced by miners in the same week.

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Trump: I'm a big fan of crypto because I want to keep it away from China

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PumpFun surpasses Ethereum capturing $294 million in fees so far this year. In addition, PumpFun's weekly fee capture level has also surpassed Ethereum for the 9th consecutive week -source

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Trump orders 100% tariff on Bollywood and other foreign films, calls them security threat.

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BTC.D has reached major resistance, while ETHBTC is at key support. Your conviction is about to be rewarded.

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🚨Bloomberg's James Seyffart: Canary Fund Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5. SEC went early & delayed a bunch of filings but not this. If any asset has a chance of early approval it's Litecoin.

@bullcase

Corporations have fallen for the macro FUD and aren't investing at the moment. As soon as tariff uncertainties are resolved, there will be a massive catch-up effect.

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Tether CEO Paolo Ardoino has announced Tether AI, a fully open-source AI runtime designed to run on any hardware or device, requiring no API keys and having no central point of failure. It is fully modular and composable. Notably, the AI runtime will integrate WDK (presumably Tether’s developer kit) to support payments using USDT and Bitcoin. -announcement

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Taiwan office of trade negotiations: tariff talks with US Last week did not discuss exchange rate, did not include Taiwan's central bank.

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Today so far pre-bell:
📉S&P 500 & Nasdaq 100 futures down 0.7% after a 9-day rally streak.
💵USD weakens as Japan hints at using US Treasuries as leverage in trade talks.
🛢Oil plunges 5% to $55.81 on rising Middle East supply & demand fears.

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Sentiment and positioning remain ultrabearish on the dollar.

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Moody's Ratings: We assume flare-ups will occur periodically between India, Pakistan but they will not lead to an outright, broad-based military conflict.

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Eurozone investor sentiment stabilizing following last month's shock over US tariff policy. Economic expectations are rebounding, with signs of recovery in both current conditions and outlook.

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🚨PBOC's Pan: We call on regional countries together to deal with tariffs. Global economic uncertainties are rising.

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Taiwan central bank: US did not ask Taiwan dollar to appreciate [Sure, sure.]

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Spot gold up 1%

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🚨PBOC Governor Pan chairs ASEAN+3 finance ministers and central bank governors' meeting. Pan urges regional unity against US tariff impact, outlines China’s macro policy response.

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