Trump: New Tariffs Coming in the Next 2-3 Weeks
US President Donald Trump announced during a meeting with business representatives in the UAE that the US will impose new tariffs on many of its trading partners. Trump said that Treasury Secretary Bessant and Commerce Secretary Lutnick would send letters to the business community detailing how much they would have to pay to operate in the US, adding that “it is not possible to negotiate with each country individually.” It was reported that the measures would begin within 2-3 weeks.
Fed Official Bostic: We Expect One Interest Rate Cut This Year
Fed official Raphael Bostic predicted that economic growth would be between 1% and 0.5% and said he expects only one interest rate cut this year. He stated that growth is slowing but that a recession is not on the horizon.
Option Data: Short-Term Upside Expectations for BTC Decline
Greeks.live analyst Adam reported that 27,000 BTC and 220,000 ETH options will expire on May 16. The nominal value of BTC options is $2.76 billion, while ETH options are valued at $570 million. The put/call ratios stand at 1.03 and 1.36, respectively. While short-term volatility expectations are weakening, the overall market outlook remains optimistic.
USDC Treasury Mints Over 92 Million USDC on Ethereum
According to Whale Alert data, USDC Treasury minted 92.4 million USDC on the Ethereum network. This transaction is significant as it adds new stablecoin supply to circulation.
New York Fed and BIS Study on Tokenized Monetary Policy Tools
The New York Fed and the Bank for International Settlements (BIS) tested the feasibility of central bank policies in tokenized financial markets through a study called “Project Pine.” This prototype, which includes functions such as interest rate payments based on smart contracts, asset purchases, and mortgage management, was successful in various market scenarios. However, the report also highlighted interoperability, data standards, and operational risks.
160% Increase in Ethereum’s On-Chain Activity
According to Sentora data, Ethereum’s on-chain transaction fees increased by 160% this week. This increase indicates a significant rise in network activity and user interaction.
Abraxas Capital Purchased 278,639 ETH Since May 7
According to Lookonchain, Abraxas Capital purchased approximately 278,639 ETH at an average price of $2,350, totaling around $655 million. This position is reported to have generated approximately $77 million in unrealized gains. Institutional purchases indicate growing confidence in Ethereum.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
