$ETH ⭐MARKET BRIEF ⭐

🐂 Crypto Market:

• Bitcoin ($BTC) slightly increased, currently trading around $93,761, up 1.09% in the past 24 hours.

• Ethereum ($ETH ) reached $1,803.64, up 3.45%.

• Solana ($SOL) and $BNB are at $151.26 (+2.49%) and $606.38 (-1.09%) respectively.

Notably: The memecoin $TRUMP surged 71% after former President Donald Trump announced he would host a private dinner with 220 investors holding the most tokens on May 22 at his golf club in Washington. The top 25 holders will attend a VIP party and special tour. This event has sparked controversy as many believe it is a mix of politics and personal interests.

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💵 U.S. Economy:

• The Producer Price Index (PPI) for March decreased by 0.4%, the largest drop since October 2023, mainly due to falling energy and food prices. Compared to the same period last year, the PPI increased by 2.7%, lower than the 3.2% in February, indicating that inflationary pressures are easing.

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🌎 U.S.-China Relations:

• The Trump administration is considering reducing import tariffs from China from the current 145% to 50–65% to ease trade tensions. However, President Trump emphasized that tax cuts will only occur if both sides reach a specific agreement.