🚨Trump: Won't drop China tariffs unless they give us something. Opening up China would be a big win

🚨Trump: Another tariff pause is unlikely

🚨Tom Lee: Bitcoin could be one of the top-performing assets this year, potentially hitting $250K.

*Fed Survey respondents also cite foreign divestment from US assets, value of US dollar, as other new potential shocks.
*Fed Survey: Prices remain high relative to fundamentals even after April market turmoil.

*Fed Survey: Treasury markets continued to see orderly trading. Markets continued to function amid recent volatility.
*Fed Survey: Growing stablecoin sector remains subject to run risks.
*Fed: The banking system remained sound and resilient, but hedge fund leverage rose to historical highs, concentrated among the largest funds.

🚨Former Fed governor Warsh: Fed errors contributed to the great inflation. Believe in operational independence of Fed, but they need strong oversight and when they err deserve opprobrium.

🇺🇸 Trump's Crypto Tsar David Sacks: Opening up banking to crypto will help drive further mainstream adoption.

GameStop's potential Bitcoin purchase strategy uncertain despite raising $1.5 billion for the move. There is ongoing debate within GameStop over how much Bitcoin to buy, with stakeholders divided on the extent of the move. -Strive Asset Management

🚨S&P 500 hits longest winning streak since January.

QE: A matter of when, not if. [soon]

🚨Citigroup: Stablecoins could trigger 2025 'ChatGPT moment' for blockchain adoption

Focus on making money. Trump will fold. Then he's going to change his mind. Then he'll fold again. And change his mind again. Market will whipsaw higher after every crash and it won't make any sense. Bears are going to puke out blood. Watch them whine. Watch them say it's market manipulation. All you have to do to make money is hold spot and avoid leverage. Trump is an idiot. Assume max stupidity, you will feel relieved. Stay spot, stay free.

Apollo: April 2025 tariffs on China triggered a cascading slowdown in shipping, trucking, retail, and ultimately lead to a US recession by summer. [There will be a lot of macro FUD as we pump higher the next 6 months. BTFD!]

Crypto Fear & Greed Index: 61 (Greed)

Bitcoin up over 20% from the lows, funding rates still very negative.

🚨Binance Bitcoin/Stablecoin Reserve Ratio triggered a buy signal around $77k. Historically, every time we saw this ratio at these levels (covid crash, late 2022) it was followed by a massive Bitcoin rally.

Stablecoin yields hovering around 30-day averages (source) = capital still mostly sidelined. Watching for a sentiment flip when APYs start climbing above trend, that’s when risk appetite has officially returned. [Until then we're in pre-alt season = great time to buy]

Bessent: Anything happening over a 1 month period can be statistical noise. We are setting the fundamentals for a strong dollar, a strong economy, strong stock market. The US government bond market is the safest and soundest in the world.

UST backed stablecoins are this administration's wildcard to both refinance the US gov debt and maintain USD's role as global reserve currency. Bonds will stay bid, stablecoin market cap will keep making new ATHs, crypto will moon. -Bull Case Insider

🚨Currently, the Reversal Risk percentile is at its lowest since 2016, signaling extremely high USD bearish premiums, while volatility sits near the 80th percentile. This extreme positioning reflects pure panic, and when markets are this one-sided, they often snap back violently.