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JPMorgan has completed its first transaction on a public blockchain, using Chainlink and Ondo to transfer tokenized bond securities.

During his visit to Qatar 🇶🇦, President Trump announced more than $1.2 trillion in economic deals between the United States and Qatar, including:

- A $96 billion order from Qatar Airways for 210 Boeing aircraft powered by GE Aerospace engines, supporting more than 1 million jobs in the United States.

- Major investments in energy, infrastructure, and quantum technology from McDermott, Parsons, and Quantinuum.

- $3 billion in defense contracts (drones and counter-drone systems), along with a $38 billion defense cooperation plan.

These deals are intended to boost U.S. jobs, strengthen trade, and strengthen security ties with Qatar.

During President Trump's visit to Qatar 🇶🇦, Qatar signed a 200 billion USD deal with Boeing to purchase 160 aircraft for Qatar Airways. President Trump and Emir Sheikh Tamim bin Hamad Al-Thani witnessed the signing ceremony in Doha.

Vinanz Ltd, a Bitcoin-listed company in London with operations in North America, has raised up to 4 million USD from a global investment manager through Dominari Securities bank in the US.
The first tranche of 2 million USD will be used to expand the company's Bitcoin portfolio in preparation for a potential listing on NASDAQ. The remaining 2 million USD will be disbursed if certain conditions are met.

VanEck launches tokenized government bond fund

The fund is currently operational on Ethereum, Avalanche, Solana, and BNB Chain, with support from Securitize and Wormhole.

Steak 'n Shake not only accepts payments in Bitcoin but is also preparing to launch Bitcoin Burger 🍔

Video 👇

https://x.com/ThuanCapital/status/1922500913551253572

2170 - CPI Better Than Expected, Altcoin Continues to Recover | Market UPDATES

👉Youtube: https://youtu.be/JFgRxhrPuNs

🎙Podcast: https://creators.spotify.com/pod/show/thuancapital/episodes/Episode-2170-e32qfsn

Senators Cynthia Lummis and Bernie Moreno have sent a letter to the U.S. Department of Treasury proposing an adjustment to a tax regulation that could disadvantage companies holding crypto.

A new regulation requires companies to pay a minimum tax of 15% (CAMT) based on the value of assets, including unrealized gains from crypto (i.e., not sold). This means many companies could face high taxes simply for holding crypto, even if they have not realized any actual profits.

The two senators suggested that the Department of Treasury adjust the tax calculation for crypto, so that companies are not unfairly penalized. If not amended, U.S. companies may liquidate their crypto holdings, losing competitive advantage and falling behind foreign competitors.

They called for urgent action to protect innovation and fairness in the digital finance industry in the United States.

President Trump announced that the U.S. will lift all economic sanctions against Syria 🇸🇾 to give this country the opportunity to "shine" and rebuild. He stated that Syria has a new government with hopes of bringing peace and stability after years of war and terrorism.

Trump said that the previous sanctions were "brutal and suffocating," and that lifting them is a first step towards restoring U.S.–Syria relations after more than a decade.

Bitcoin ownership is gradually moving away from individuals and shifting to institutions including businesses, ETFs, and governments in 2025

Arizona Governor Hobbs Blocks Two Cryptocurrency Bills, Citing 'Too Much Risk'

Arizona Governor Katie Hobbs has vetoed two cryptocurrency bills, Senate Bill 1373 and Bill SB 1024, citing concerns about the risks of linking state funds and agencies to the 'volatile' cryptocurrency market.

Anthony Scaramucci (SkyBridge Capital) said that Bitcoin has risen while the stock market has fallen recently, a rare phenomenon of 'decoupling.' He mentioned that he has received calls from many large investment organizations, saying: 'Finally, it is working like gold.'

Scaramucci emphasized that when Bitcoin begins to fluctuate independently of high-beta technology stocks, that is the key factor for Bitcoin to mature and be recognized as a true asset by corporations, governments, and financial institutions.

He believes that Bitcoin is transitioning from a technology investment, correlated with NASDAQ and the MAG7 stock group, to 'digital gold.' As the number of Bitcoin wallets increases from about 300 million currently to 1 billion users in the future, the level of volatility will decrease, similar to what happened with Microsoft or Google stocks as ownership became more widely distributed over two decades.

The question is: 'Is Bitcoin an investment, or is it an asset?'

If it is just an investment, its market capitalization could reach 1–3 trillion USD, equivalent to the MAG7 stock group. But if it truly is a global asset, then Bitcoin can entirely compete with gold — which is currently valued at about 22–23 trillion USD.

Video 👇

https://x.com/ThuanCapital/status/1922156904438235502

The new chairman of the U.S. Securities and Exchange Commission (SEC), Mr. Paul Atkins, stated that one of his top priorities during his term will be to develop a reasonable regulatory framework for the cryptocurrency market.

The goal is to establish clear rules regarding the issuance, custody, and trading of cryptocurrency assets, thereby creating a more transparent and fair environment for both investors and businesses.

Video 👇

https://x.com/ThuanCapital/status/1922153683795771684

The United States declares victory in this negotiation.
China also declares victory in this negotiation.
... But the real winners are the investors and businesses on both sides.
In the financial market, the bears🐻 always seem very logical, but in the long run, the bulls🐂 are the ones who make money.

🇨🇳🇺🇸Joint Statement on China-U.S. Economic and Trade Relations (May 2025)
📍China and the United States issued a joint statement after the economic and trade meeting in Geneva, affirming their commitment to improving bilateral relations based on the principles of mutual respect and cooperation.
🔁Main commitments (effective before May 14, 2025):
🇨🇳The Chinese side commits to:
Temporarily suspend 24% additional tariffs on U.S. goods under Notice No. 4 of 2025 for 90 days, retaining the remaining 10% tariff.
Remove the additional tariffs under Notices No. 5 and No. 6 of 2025.
Eliminate all non-tariff measures applied to the United States since April 2, 2025.
🇺🇸The U.S. side commits to:
Temporarily suspend 24% additional tariffs on Chinese goods (including Hong Kong and Macau) under Executive Order No. 14257 (April 2, 2025) for 90 days, but retain the remaining 10% tariff.
However, the U.S. will still impose an additional 20% tariff on Chinese goods related to fentanyl trafficking, raising the total tariff to 30% on affected items.
Remove the additional tariffs under Executive Order No. 14259 (April 8, 2025) and Executive Order No. 14266 (April 9, 2025).
🔄Subsequent cooperation mechanism:
The two sides will establish a regular dialogue mechanism on trade and economics.
Chinese representative: Vice Premier He Lifeng
U.S. representatives: Secretary of the Treasury Scott Bessent and Trade Representative Jamieson Greer
Meetings will be held alternately in China, the United States, or a third country as agreed.
Expert-level consultations will be held as needed to address specific economic and trade issues.

U.S. stocks 🇺🇸 gained an additional $2.2 trillion in market capitalization today, the S&P 500 is now higher than before April 2 (the day of mass tariffs).
Have tariffs been removed? NO
Has the FED lowered interest rates? NO
Has the war ended? NO
Is there certainty that there will be no recession? NO

The only thing that has changed is investor sentiment.

Commissioner Hester Peirce: The tokenization of assets will not be able to reach its full potential without legal clarity. Issuers and transfer agents are still confused about whether the crypto network will be recognized as the official record of securities ownership, according to the regulations in the Securities Exchange Act and related rules.

Although some states have clearer regulations regarding the use of blockchain for managing securities ownership, the lack of synchronization in federal law remains a barrier.

Additionally, according to the SEC's statement on Special Purpose Broker-Dealers, the SEC considers cryptocurrency assets to be securities if they meet the broad definition of "securities", which adds to the legal risks for companies wanting to trade, custody, or issue tokens.

Video 👇

https://x.com/ThuanCapital/status/1922025321282568192

The story of the trade war has cooled down, but President Trump still has a major issue: that is the interest rates on U.S. government bonds continue to rise.
This year, the U.S. has to refinance about 9 trillion USD in maturing government bonds, equivalent to about 25% of the total federal debt, which is currently at 36.8 trillion USD.
Most of the previous debt was issued at an interest rate of about 2.7%, but now it may need to be refinanced at an interest rate of about 4.45%, leading to annual interest costs potentially doubling from about 245 billion USD to over 500 billion USD.
President Trump needs lower interest rates, but:
- When there are concerns about the trade war, countries sell U.S. bonds, causing interest rates to rise.
- When there are no longer concerns about the trade war, investors sell bonds to buy stocks, causing interest rates to rise.
- When there is nothing happening, interest rates remain high because the FED refuses to lower them.
In general, the FED is still the key to this issue.

President Trump said the European Union is "worse than China" and that he is focusing on them. He added that "they will have to make a lot of concessions" and asserted that the U.S. "holds all the advantages."

David Bailey's Nakamoto company will merge with the healthcare company KindlyMD and raise 710 million USD to begin its Bitcoin acquisition strategy.