According to @MilkRoadDaily, the U.S.-China trade war is escalating with increased tariffs and a ban on Nvidia chip exports, potentially affecting the cryptocurrency markets due to supply chain disruptions and geopolitical tensions. Traders should watch for volatility in crypto prices as China expresses willingness to negotiate, contingent on U.S. diplomacy. This situation could influence market sentiment and trading strategies, especially for those involved in GPU mining and blockchain technologies.

According to The Kobeissi Letter, an $8 million spike in puts on the Nasdaq 100 ETF occurred at 2:20 PM, coinciding with a US ban on Nvidia's H20 chip sales to China. This event has led to a significant downturn in the Nasdaq, dropping nearly 300 points. Traders may view this as a strategic move to hedge against anticipated market volatility following the ban.

According to The Kobeissi Letter, an $8 million spike in put options on the Nasdaq 100 ETF occurred at 2:20 PM, which preceded a US government ban on Nvidia's H20 chip sales to China four hours later. This sequence of events has correlated with a nearly 300-point drop in the Nasdaq index, suggesting potential insider trading or foresight by investors. Traders should monitor the options market for unusual activity, especially in light of significant geopolitical and economic announcements.