🚨#WEEKLY CRYPTO UPDATE (MAY 11- 16)🚨
1. 🇺🇸US-🇨🇳China Tariff Pause: 24% of mutual tariffs suspended for 90 days, easing trade tensions and boosting markets.
2. US CPI Falls: April CPI drops to 2.3%, a 4-year low; Fed reviewing inflation strategy.
3. SEC Shifts Stance: Plans crypto-friendly rules; may allow self-custody and conditional exemptions.
4. 🇰🇷South Korea: All leading #presidential candidates support Bitcoin ETFs and institutional crypto access.
5.🇺🇦Ukraine-Binance: Ukraine drafting law for strategic Bitcoin reserve with Binance support.
6. $ETH Security: Launches “Trillion-Dollar Security Plan” to protect the ecosystem at all levels.
7. Cøinbase Joins S&P 500: Replaces Discover Financial Services on May 19.
8. Strategy’s $BTC Buy: Acquires 13,390 BTC for $1.34B; now holds 568,840 BTC total.
9. Tiger Brokers Crypto Launch: Offers crypto deposits, trading, and withdrawals in Hong Kong.
10. $TRUMP WLFI Fund: Invested $347M in crypto, currently down $53M (~15%).