🚫 A group of 20 Democratic senators has introduced a bill that would prohibit former President Trump, the Vice President, Congress, Senate-approved cabinet members, and others from creating and promoting cryptocurrencies. This move comes amid ongoing discussions regarding stablecoin legislation. For more details, visit here.

🇨🇳🇺🇸 China and the United States held high-level economic and trade talks in Geneva, where both sides engaged in comprehensive discussions, achieving significant consensus and progress. The parties agreed to establish a consultation mechanism, appoint key representatives, and plan to release a joint statement on May 12 — Xinhua. The Chinese delegation did not specify details about the reached deal, instead highlighting the first step towards resolving differences.

📅 On May 12, 2025, a joint statement from China and the U.S. regarding trade negotiations in Geneva is anticipated. Ukraine, the EU, the U.S., and Turkey are seeking an unconditional 30-day ceasefire starting today. The Central Bank of Russia will release minutes from its last meeting and a mid-term forecast commentary at 16:00 MSK. Additionally, the U.S. will publish its federal budget for April at 21:00 MSK, followed by the WASDE report at 19:00 MSK. Various earnings reports are also scheduled throughout the day.

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🌎 The exchange rates have been updated, with USDCNY standing at 7.226 and USDTRUB at 83.10.

🇺🇸 Former President Donald Trump announced plans to sign an executive order on May 12 aimed at reducing drug prices in the United States by 30-80%. The announcement was made through what he called his "most powerful" tweet. For more details, visit here.

💥🇺🇸 Futures for the SP500 rose by 1.5% in the morning session following successful trade talks between the US and China over the weekend in Switzerland. A joint statement from China and the US regarding the negotiations is anticipated today.

🌟 Ethereum (ETH) has outperformed Bitcoin (BTC) over the past week. Investors are observing a notable trend as ETH gains momentum, showcasing its strength in the cryptocurrency market compared to BTC. This shift in performance has sparked interest among traders and analysts alike. For more details, visit here.

💥 Russia's stock market opened strongly this morning, with the Moscow Exchange Index (IMOEX) rising by 2.5%.

⚠️🇬🇧🇪🇺 This week, Britain and the EU will unveil a joint pact on defense and security, allowing London to participate in European defense policy. This extensive agreement marks the "closest alignment of Britain with the EU since Brexit," according to The Times.

🌟 Colin Wu reports significant unlockings of tokens this week.

🌟🇺🇸 The latest version of the GENIUS Act on stablecoins proposes that Tether will come under U.S. jurisdiction, regardless of its registration location.

Tether continues to be a focal point in discussions about cryptocurrency regulation in the U.S.

USDT remains a significant player in the stablecoin market.

🇺🇸 The United States is aiming to accelerate the construction of nuclear power plants, according to the New York Times. This initiative reflects a growing emphasis on nuclear energy as a key component in the nation’s strategy to enhance energy security and address climate change. The move is part of a broader effort to diversify energy sources and reduce reliance on fossil fuels. For more details, visit NYT.

🇺🇦 A meeting of NATO foreign ministers in Turkey has "coincidentally coincided" with potential negotiations regarding Ukraine, according to TASS.

🛢🇷🇺 Russian oil exports have increased despite low prices and freight rates, according to a report by Kommersant.

⚠️🌎 Global prices for iron ore have fallen to a seven-month low due to weak steel demand in China and trade restrictions — Ъ.

🌐 Google Cloud and Unicredit have announced a strategic partnership spanning ten years. This collaboration aims to enhance Unicredit's digital transformation initiatives and leverage Google Cloud's advanced technology solutions. The partnership is expected to drive innovation in financial services and improve customer experiences. For more details, visit their official announcement.

🌎 Shares of Asian pharmaceutical companies have plummeted following Trump's plans to reduce drug prices in the U.S., according to BBG.

🌟 According to Santiment, all eyes in the crypto world are on the trade negotiations between China and the United States. A joint statement from China and the US is expected today following the recent discussions.

📈 Retail investors have never bought as many U.S. stocks in history, according to data from Bank of America.

🚀 Today, the new SEC chairman, Paul Atkins, will deliver a keynote speech on asset tokenization. This address is highly anticipated as it could shape the future of cryptocurrency regulation in the United States. Keep an eye on developments in this crucial area of the financial landscape.