🚨China's central bank allows local lenders to buy more US dollars to fund increased gold import quotas [there are no quotas for crypto]
Coinbase's move for Deribit signals a pivot into options. Deribit has low spot volume but a lot of options and options with a lot of volume. Options offer leverage and flexibility, key for institutional market growth & Coinbase wants to dominate this segment
🚨World Gold Council: Asia experienced record-breaking inflows during April, adding US$7.3bn, the strongest ever. [those record breaking inflows will come to crypto soon]
CTAs (trend following funds) are not chasing this S&P500 rally; but are still long and strong gold [the pain trade for institutions is up]
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Trump: From UK trade deal, US will raise $6 billion in external revenue from 10% tariffs, $5 billion dollars in new export opportunities.