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]

Bessent: The conditions for a strong dollar are important for confidence.

🚨Federal Reserve Chair Jerome Powell is under increasing political pressure from President Donald Trump, who is demanding preemptive interest rate cuts amid signs of slowing growth and rising tariffs. A weakening labor market could force the Fed’s hand in the coming months -Politico

Bessent: I believe the debt-to-GDP ratio will drop next year.

🚨🚨Bessent: Inflation and employment are inexorably linked. Fed should focus on both price and employment goals.