According to The Kobeissi Letter, President Trump stated that China has 'totally violated its agreement with us,' signaling a major breakdown in the US-China trade deal (source: The Kobeissi Letter on Twitter, May 30, 2025). This development increases market uncertainty and may trigger volatility in global financial markets, including a potential flight to decentralized assets like Bitcoin and Ethereum. Traders should closely monitor crypto price action and volume for short-term opportunities, as escalated US-China tensions have previously correlated with increased crypto inflows and heightened volatility.

According to @markets, the US budget bill was struck down just hours before the official release, with some Republican lawmakers demanding steeper spending cuts. The proposed budget is estimated to add over $2.5 trillion to the US deficit, as reported by Bloomberg. This development has heightened uncertainty in traditional markets, potentially increasing volatility and risk-off sentiment that could drive renewed interest in Bitcoin and other cryptocurrencies as alternative assets. Traders should closely monitor macroeconomic data and shifting risk appetite, as further fiscal instability in the US could act as a bullish catalyst for crypto market inflows (source: Bloomberg, @markets).

According to Lookonchain, on January 22, Bitcoin ETFs experienced a net inflow of 6,719 BTC, valued at approximately $700.94 million. BlackRock's iShares contributed significantly to this with an inflow of 6,208 BTC, valued at $647.67 million, bringing their total holdings to 569,343 BTC ($59.4 billion). Similarly, Ethereum ETFs saw a net inflow of 18,108 ETH, worth $59.59 million, with BlackRock's iShares accounting for 16,959 ETH, valued at $55.81 million, accumulating a total holding of 1,176,690 ETH ($3.87 billion). These substantial inflows underscore BlackRock's influential position in the cryptocurrency ETF market.