Bitcoin Soars on Global Peace Talks

CRYPTO
Bitcoin Soars on Global Peace Talks

Crypto markets surged Saturday evening amid a wave of positive geopolitical and economic news. Bitcoin spiked to just under $105,000—its highest since January. The rally was fueled by three major developments: President Trump announced a “full and immediate” ceasefire between India and Pakistan, Russian President Putin expressed readiness for unconditional peace talks with Ukraine, and significant progress was reported in U.S.–China trade negotiations.

A post from Trump on Truth Social highlighted a productive meeting in Switzerland, describing a “total reset” of trade relations, with a goal of reopening Chinese markets to U.S. businesses. The upbeat global sentiment carried into the crypto space, as traders welcomed the lowered geopolitical tensions and renewed cooperation between superpowers. Bitcoin is currently trading at $103,500. With bulls hopeful the macro momentum could drive further gains in the coming days.

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FINANCE
U.S. Threatens Chinese Stock Delistings

U.S.-listed Chinese companies face growing uncertainty as geopolitical tensions resurface. With former President Trump reviving delisting threats through his “America First Investment Plan,” concerns are mounting among executives and investors. Trump has ordered a review into Chinese firms’ compliance with U.S. auditing rules, and Treasury Secretary Scott Bessent recently emphasized that “everything is on the table.” This renewed pressure has already impacted markets—NASDAQ’s Golden Dragon China Index is down 7% since the announcement.

The core issue lies in longstanding U.S. concerns over transparency, especially after the 2020 Luckin Coffee scandal. While a 2022 audit agreement briefly eased fears, many Chinese firms began seeking secondary listings in Hong Kong. Giants like Alibaba have since upgraded their listings, while others like Zeekr are going private. Despite the risks, some firms like Chagee are still pursuing U.S. IPOs. Yet Hong Kong is emerging as the safer haven, offering Chinese firms a gateway to mainland investors amid rising regulatory scrutiny.

ECONOMY
U.S.–China Trade Talks Resume

Sensitive U.S.-China trade talks wrapped up in Geneva after a 10-hour session on Saturday, May 10, with no public breakthrough. Officials confirmed the negotiations—held at the historic Villa Saladin—will resume Sunday. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met Chinese Vice Premier He Lifeng to discuss the steep tariffs—some exceeding 145%—that now strain over $660 billion in annual trade between the two nations. Though no progress was confirmed, markets remain hopeful the talks could lead to a de-escalation.

President Trump has fueled tension, raising tariffs on Chinese goods and suggesting even higher rates via Truth Social. Analysts doubt a major breakthrough, but even a small mutual reduction would signal positive momentum. Meanwhile, Trump also imposed tariffs on Swiss imports, with rates set to rise from 10% to 31% by next week. Switzerland, the U.S.’s second-largest trading partner in Europe, is urging restraint as it avoids countermeasures for now to protect key industries.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.