Key Takeaways
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Macro Environment: On Friday, global market risk-aversion sentiment surged due to the Trump administration’s threats to impose tariffs on the EU and its warning of tariffs against Apple. This led to a strong rebound in gold prices, while all three major U.S. stock indices declined. Over the weekend, trade tensions eased as Trump agreed to extend the deadline for EU trade negotiations to July 9. This signal of de-escalation immediately boosted market confidence, leading to a rebound in U.S. stock index futures on Monday morning.
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Crypto Market: Triggered by Trump’s tariff threats, the correlation between Bitcoin and U.S. stock futures rose again. On Friday, Bitcoin dropped 3.9% as tariff concerns intensified, and trading sentiment remained subdued over the weekend. However, with signs of easing in EU tariff negotiations, Bitcoin quickly rebounded, nearly recouping weekend losses. Meanwhile, the ETH/BTC ratio declined for three consecutive days, and Bitcoin dominance continued to climb, indicating further capital rotation into Bitcoin amid risk-off sentiment. Altcoins generally underperformed, though certain tokens like B, AIXBT, HYPE, and NEIRO saw strong short-term rebounds.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 5,802.83 | -0.67% |
| NASDAQ | 18,737.21 | -1.00% |
| BTC | 109,011.10 | +1.17% |
| ETH | 2,551.23 | +0.83% |
Crypto Market Fear and Greed Index: 73 (previous 24h: 74), indicating Greed
Macro Economy
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Trump: Proposes 50% tariffs on EU starting June 1
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Trump threatens to impose 25% tariffs on Apple
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U.S. Treasury Secretary Besent: 90-day tariff pause is based on sincere negotiations; Trump considers EU proposals inadequate
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European Commission President von der Leyen: Had a pleasant call with Trump, aims to reach a strong agreement by July 9
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Trump: Agrees to extend EU trade negotiation deadline to July 9
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U.S. and Japan leaders plan mid-June talks; Japan seeks to finalize tariff agreement before June G7 Summit
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U.S. Treasury Secretary Besent: Sovereign wealth fund plan suspended
Industry Highlights
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Bitcoin 2025 speaker lineup announced, featuring Vice President Vance, Michael Saylor, and others
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U.S. Treasury Secretary Besent: “We will vigorously develop digital assets”
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CZ denies acting as “intermediary” for Trump family crypto project WLFI
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Russia ranks first globally in Bitcoin mining growth rate, second in total mining volume
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David Sacks confirmed to attend Bitcoin 2025
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JD.com’s stablecoin enters Phase 2 of sandbox testing, to serve retail and institutional clients
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JPMorgan completes first tokenized U.S. Treasury settlement on public blockchain
Project Highlights
Weekly Outlook
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May 27: Bitcoin Las Vegas 2025 to be held from May 27–29 in Las Vegas, USA; U.S. SEC delays decision on Canary Capital’s Litecoin spot ETF filing — comment deadline is May 27
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May 28: U.S. Vice President Vance to speak at Bitcoin 2025; David Sacks to attend the event; NVIDIA earnings report
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May 29: U.S. Federal Reserve to release minutes from May monetary policy meeting; Revised U.S. Q1 real GDP (annualized QoQ)
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May 30: FTX to begin bankruptcy claims payout to major creditors; U.S. April Core PCE report. KMNO unlock: 14.97% of circulating supply (~$15.1M value). REZ unlock: 16.10% of circulating supply (~$5.7M value). Blockchain gaming ecosystem Treasure DAO to shut down Treasure Chain
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