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Bitcoin ETFs have experienced a remarkable week of consistent inflows, with BlackRock's IBIT leading the charge. However, a bearish sentiment in the futures market suggests caution as investors eye potential pullbacks.
Share link:In this post: Shein and Temu have sharply raised prices for U.S. shoppers in response to the new Trump-era tariffs on Chinese goods. Some products on Shein have surged by up to 377%, while Temu has doubled prices on select items to offset potential tariff costs. Reports suggest this is just the first wave, with other major retailers expected to follow suit as the tariff regime fully kicks in.
Share link:In this post: The Euro rally sparked speculation for EURC, Circle’s alternative currency stablecoin. EURC volumes increased in April, as the supply expanded to over 211M tokens. EURC is expanding its volumes on DEX, with new liquidity pools added to Solana markets Orca and Meteora.
- 17:22U.S. Treasury Secretary Besent Refuses to Disclose Which Countries the U.S. Might Reach Trade Agreements With This WeekU.S. Treasury Secretary Besent refused to disclose which countries the U.S. might reach trade agreements with this week, stating that doing so would harm U.S. interests.
- 17:10US Treasury Secretary: America Should Be the Preferred Destination for Digital AssetsU.S. Treasury Secretary Scott Besant recently stated that the United States "should be the preferred destination for digital assets." This statement comes as lawmakers engage in heated debates over the establishment of a regulatory framework for cryptocurrencies. Besant was asked during a House Financial Services Committee hearing on Wednesday why the U.S. needs to maintain a leading position in the crypto field. "We firmly believe that the U.S. should be the preferred destination for digital assets," Besant responded, "just as this committee and our Senate colleagues are striving to achieve—establishing a comprehensive market structure—making U.S. industry standards a global model."
- 17:10Economist: Powell May Lack Information on Tariff Impact on InflationNatixis economist Benito Berber stated that Federal Reserve Chairman Powell might have little to say about the impact of tariffs on inflation because goods shipped from China after "Liberation Day" have yet to reach the U.S. market. Berber expects the inflation impact to become apparent in June, predicting that the Federal Reserve will hold steady until September, at which point it will begin cutting interest rates and continue until 2026.