US-China Trade Talks Conclude
As a result of talks held in Geneva, China will suspend the 24% ad valorem tariff on US products for 90 days and cancel some additional tariffs. The US will gradually suspend tariffs imposed under the April 2 presidential executive order and maintain the remaining 10% tariff. U.S. Treasury Secretary Janet Yellen warned that the tariffs could “return to their previous levels at any time.”
Strategy Purchased 13,390 Bitcoin in One Week
Strategy (formerly MicroStrategy) purchased 13,390 BTC at an average price of $99,856 between May 5 and May 11, 2025. The purchase price was $1.34 billion, funded through the ATM equity financing plan. The company’s total Bitcoin holdings reached 568,840 BTC, with a total cost of $39.41 billion.
According to CoinShares, there was a net inflow of 882 million dollars into digital asset investment products last week. Of this, 867 million dollars was directed toward Bitcoin products. Bitcoin ETFs listed in the U.S. reached a historic high with a total net inflow of 62.9 billion dollars. The total net inflow since the beginning of the year has reached 6.7 billion dollars.
U.S. Department of the Treasury to Hold Stablecoin Roundtable on May 15
According to Crypto in America, the U.S. Department of the Treasury is organizing a closed-door roundtable meeting to assess risks related to digital assets. Topics to be discussed include stablecoins, DeFi, cybersecurity, illicit financing, and sanctions evasion. The meeting is expected to signal new steps toward a regulatory framework for the industry.
David Bailey and Nakamoto Merge with KindlyMD to Create Bitcoin Treasury with $710 Million in Funding
Bitcoin advocate David Bailey and his company Nakamoto have merged with healthcare provider KindlyMD. The merger secured a total of $710 million in funding, including a $510 million PIPE investment and $200 million in convertible notes. The goal is to create a publicly traded Bitcoin vault. This transaction marks the largest public crypto PIPE financing to date.
Truth Social Meme Coin to Be Launched Within 72 Hours
The meme token created for Donald Trump’s social media platform Truth Social is expected to be launched within the next 72 hours. Developers believed to be associated with the TRUMP team created the token, and its potential impact on the crypto community is a topic of discussion.
