🚨EU eyes tariffs on Boeing jets in retaliation plan

Today: FOMC at 6PM UTC (in 7h), Powell at 6:30PM. With permanent job losers at cycle high, it will be more about unemployment and less about inflation. Powell is likely to be neutral to dovish. Bitcoin selling pressure on exchanges is at historic lows. Even a whiff of dovishness would send crypto flying.

🚨Ethereum activates 'Pectra' upgrade, raising max stake to 2,048 ETH

K33 analysts advocate for Hold in May and stay: Onwards, crypto is about to face multiple Trump-driven positive developments, whereas equities may face a tariff repeat, setting the stage for relative bitcoin strength in the months ahead. [they're not wrong]

PBOC vows to maintain easing bias, fully utilize existing tools, and step up incremental policy measures.

🚨EU Trade Chief says European Commission will announce on Thursday preparatory steps on next countermeasures to US tariffs

Goldman Sachs upgrades 2Q/3Q copper price forecast to $9,330/$9,150/T from $8,620/$8,370 previously.

Goldman Sachs holds view that the copper market will shift into deficit in 2026 [Xi in shambles]

Fed says FOMC meeting began Wednesday at 9 a.m. as scheduled

🚨Vance: We think China will have to let their population consume more. [good luck with that]

US indices open higher on US-China trade talk news

BTC mining company Luxor: Russia to be the largest Bitcoin mining beneficiary if Trump's tariffs hit in full.

🚨US Treasury's Bessent says IMF SDR process should serve U.S. interests. IMF should not help large, well-financed countries through SDR allocations. [Chinese Yuan was added to SDR in 2016, he means China]

🚨Bessent: Talks with China on Saturday are a beginning for talks, not advanced discussions.

Bessent: It is time for China to graduate from developing country status.

Bessent: The Treasury market was well functioning in the April turmoil. We and the Fed have a very large toolkit for Treasuries. US will always meet its debt obligations.

🚨David Bailey, who advised Trump on crypto, planning Bitcoin investing, raising $300M [all Trump insiders are loading up crypto]