US Treasury Secretary Scott Bessent: We'll take a close look at the regulatory impediments for blockchain, stablecoins, and new payment systems and we will consider reforms to unleash the awesome power of the American capital market.

Vaneck head of digital assets Matthew Sigel confirms that China and Russia are reportedly settling trade using crypto (Bitcoin & other digital assets).

Fed's Barkin: I worry if we're close to a moment where consumers decide to pull back; so far that has not happened. Consumers are still spending, but we're watching it.

US 10Y NOTES DRAW 4.43% VS 4.46% PRE-SALE WHEN-ISSUED YIELD

🚨 105,000,000 USDT (104,948,287 USD) transferred from Tether Treasury to unknown wallet

US 30-year bond yields fall to 4.828% after $39bn 10-year note auction

The US Appeals Court sides with Trump and clears the way for 18 federal agencies to fire thousands of federal workers.

Spot gold extends gains for biggest intraday jump since 2020

US Defense Secretary Hegseth, in Panama, says Panama canal is key terrain that must be secured by Panama with the United States, and not China.

🚨 BREAKING: Trump: Raising China tariff to 125%.

TRUMP: 90-DAY PAUSE APPLIES TO RECIPROCAL AND 10% TARIFFS

BTC reclaims 81k

Trump post on China and tariff pause

WTO on US-China trade tensions: A division of the global economy into two Blocs could lead to a long-term reduction in global real GDP by nearly 7%.

President Trump's 90-day tariff pause does not apply to China, whose tariff was raised to 125% effective immediately. The 90-day pause on reciprocal tariffs is only for countries that have not retaliated.

US Treasury Secretary Bessent: We will see what China does.

QQQ up 10% now, if it holds it's the best single day since 2008

Trump Trade Adviser Navarro: This has unfolded exactly the way it should. [China has taken the bait.]

In a trade war, most countries are caught between a rock and a hard place because they have to cut rates in a hyperinflationary environment, which leads to more inflation. The US currently has a 3rd option no other country has, thanks to USD's global reserve currency status. If the tariff war intensifies, Xi will inevitably have to dump Treasuries to keep the yuan afloat. Normally, this would push yields into crisis territory, trigger a Fed intervention, and weaken the USD. But will that happen if, on the other side, we have stablecoin issuers that buy Treasuries to meet increasing stablecoin demand from capitals fleeing the Chinese yuan? This is why we will most likely see the total stablecoin market cap balloon to new highs as the financial war intensifies. Trump seems to have a way out, but China seems completely trapped. Cryptos will fly.
– Bull Case Insider

Goldman Sachs rescinds recession call after Trump tariff pause