Binance: OM collapse was triggered by cross exchange deleveraging. Binance has warned users in OM's spot trading page that the token has undergone significant changes to its tokenomics increasing its supply. -tweet

Development Bank of Singpore (DBS): The current tariff war is a lose lose situation for all countries, US included. Gold prices have room to rise further, especially as futures contract holders now demand physical delivery, potentially leading to a short squeeze and a leap in gold prices.

DBS: We remain overweight in U.S. technology despite broader market concerns. For China, we favor domestic consumption plays.

🚨DBS: We expect further domestic stimulus from the Chinese government, which has significant leverage given its lower debt-to-GDP ratio (25%) compared to the U.S. (120%). [bullish crypto]

OKX CEO Star: OM collapse is a big scandal in the entire crypto industry. All on-chain unlocking and recharge data are public. OKX will make all of the reports ready! -tweet

🚨Goldman Sachs: 12-month target for the MSCI China index revised downward from 81 to 75, considering factors such as a higher effective U.S. tariff rate on Chinese imports, a 4% GDP growth rate, a 14.5% broad deficit spending-to-GDP ratio in China, and modest depreciation pressures on the Chinese yuan (CNY). Additionally, Goldman Sachs has cut its 12-month CSI 300 target from 4,500 to 4,300.

🚨GS: China needs decisive and forceful fiscal stimulus, industry deregulation, and structural reforms. Diversifying exports and imports to non-U.S. markets and reallocating domestic capital to the stock market would also support China's economy.

🚨Tether CEO: USDT user growth of 13% in Q1 2025 -tweet

JP Morgan's Bob Michele: We've been seeing a complete deleveraging of positions and that's what's been putting a lot of downward pressure on Treasury prices

The Policy Uncertainty Index has been ruined forever.

The Tariff/Trade War Bull Case

1. Global inflation⬆️=liquidity⬆️=Crypto⬆️

2. CN¥ ⬇️=🇨🇳capital flight⬆️=stables/crypto⬆️

All you have to do is BTFD for the next 6 months. Don't let Trump's tariff ON/OFF zig zags bamboozle you.

At open: German DAX 30 index up over 2%, EURO STOXX 50 INDEXup nearly 2%, FTSE 100 index, SPANISH IBEX 35 index up over 1%

China offers banks extra gold import quotas as investors flock

The People’s Bank of China issues new gold import quotas in response to surging demand from institutional and retail investors amid escalating trade tensions -sources

BofA: China’s policymakers are expected to roll out stimulus plans soon in response to the shock from U.S. tariffs.

BofA: We believe China’s strategy is to follow a ‘retaliate, stimulate, negotiate’ approach. Fiscal stimulus is likely to play a major role, with BofA expecting another CNY2 trillion package, initially targeting consumption and later investment.

Citi: China likely to take monetary policy actions amid tariff escalations

Citi: Further policy easing is necessary, and the next few weeks could be a window for monetary policy actions. Liquidity support for exporters could be readily on the table should liquidity constraints become more acute. An RRR cut could send a stronger signal, while a rate cut may need to be coordinated with exchange rate constraints.

🚨IMF: TRADE TENSIONS CAN LEAD TO STOCK MARKET CRASHES

Gold vs SP500 show equal returns over the past 5 years but gold has significantly outperformed SP500 since inauguration day.