Key Takeaways
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Macro Environment: U.S. Treasury Secretary's update on tariff negotiations boosted U.S. stocks, with all three major indices closing higher—the S&P 500 marked its sixth consecutive gain. After hours, Trump again criticized the Fed, pressuring for rate cuts. Key data this week include Q1 GDP and March PCE inflation (Wednesday) and April non-farm payrolls (Friday), which will inform the Fed's May 7 policy decision.
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Crypto Market: Bitcoin rose in sync with U.S. equities during trading hours but dipped 0.8% post-market amid Trump’s 100-day speech, mirroring Nasdaq futures. Bitcoin dominance neared recent highs, while altcoins broadly declined.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 5,560.82 | +0.58% |
| NASDAQ | 17,461.32 | +0.55% |
| BTC | 94,256.30 | -0.80% |
| ETH | 1,798.09 | -0.09% |
Crypto Fear & Greed Index: 56 (60 a day ago), level: Greed
Macro Economy
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U.S. Treasury Sec. Besant: Upcoming trade deal announcement will bring "more certainty"; one agreement reached with an unnamed country.
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Besant: Deregulation to begin in Q3/Q4.
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Trump: "Fed officials underperforming; I’m more knowledgeable than the Chair."
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Trump: "Focusing on the economy; tariffs haven’t truly started."
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White House: Trump to sign order mitigating auto tariff impacts.
Industry Highlights
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South Korea: Proposed 7 crypto policies, including spot ETF trading this year.
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UK: Released crypto regulatory draft, bringing exchanges under oversight.
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SEC Delays: Bitwise spot DOGE ETF decision. Franklin XRP ETF approval to June 17. Grayscale HBAR ETF. Fidelity Ethereum ETF staking feature.
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Trump Media Group plans Truth Social utility token.
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Trump Org to invest $1B in Dubai Trump Tower, accepting crypto payments.
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Brazil’s Itaú Bank launches Bitcoin reserve firm Oranje ($210M investment).
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Circle receives preliminary Abu Dhabi approval as money service provider.
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1inch expands to Solana.
Project Highlights
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Hot Tokens: SIGN, AI16Z
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SIGN: Listed on Upbit, price doubled briefly.
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AI16Z: Bithumb added KRW trading pair.
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DOGE: Nasdaq filed for 21Shares DOGE ETF, but SEC delayed Bitwise’s application.
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TRUMP: Top 4 holders to receive limited-edition Trump tourbillon watches. Price fell 9.7% amid suspected team sell-off.
Weekly Outlook
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Apr 30:
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U.S. April ADP employment data.
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U.S. Q1 annualized GDP growth rate (preliminary).
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U.S. March core PCE data.
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Frax Finance North Star upgrade (Frax Share renamed to Frax as gas token).
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KMNO unlock (16.98% of circulating supply, ~$14.5M).
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REZ unlock (19.57% of circulating supply, ~$7.4M).
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TOKEN 2049 Dubai (Apr 30–May 1).
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Microsoft, Meta earnings.
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May 1:
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U.S. April S&P Global Manufacturing PMI (final).
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U.S. April ISM Manufacturing PMI.
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SUI unlock (2.28% of circulating supply, ~$267M).
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Bank of Japan target rate decision.
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Apple, Amazon earnings.
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May 2:
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U.S. April non-farm payrolls & unemployment rate.
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Berkshire Hathaway Annual Shareholders Meeting.
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