Video | Weekly Market Analysis: Trump's Middle East trip promotes AI diplomacy, geopolitical easing signals emerge, and institutional recognition of crypto market increases

Original: The Round Trip

Compiled by: Yuliya, PANews

In the era where cryptography and AI intersect, truly important stories often lie hidden beyond the noise. To uncover these overlooked truths, PANONY and Web3.com Ventures have jointly launched an English video program called "The Round Trip". Hosted by John Scianna and Cassidy Huang, this episode will deeply analyze how global geopolitical changes affect the cryptocurrency market, AI technology development, and international trade patterns, exploring the profound impacts of China-US relations easing, Trump's Middle East trip, and regional conflict mitigation on the global economy, while also focusing on the latest developments in crypto assets gradually gaining mainstream financial recognition.

*Note: The video was released on May 16th, and some data and dynamics may differ from the current situation.

US and China Temporarily Suspend Tariffs, Market Sentiment Quickly Recovers

On May 12th, the US and China reached a temporary agreement, reducing tariffs to 30% and 10% respectively. This news had a positive impact on the market, with stocks quickly rising. US Treasury Secretary Scott Basant called it a "restart" and revealed broader negotiations would be conducted in the coming weeks.

However, it's important to recognize that the 90-day tariff truce is not true peace, but merely a brief pause. Nevertheless, this move has been sufficient to inject vitality into risk assets. The cryptocurrency market, as a "hyper-active stress indicator" of global sentiment, responded quickly, alternating between hitting historical highs and experiencing profit-taking pullbacks. Market participants are closely monitoring upcoming macroeconomic data. Currently, the S&P 500 index has turned positive for the year, while the Dow Jones and Nasdaq indices have fallen less than 1% from their beginning-of-year levels.

U.S. legislators have made progress on the legislative framework for stablecoin regulation in the "Genius" bill. Although the previous Senate vote on the related bill failed, negotiations have now reached a 90% consensus. The proposed legislation will provide clear guidelines for stablecoin issuers and address consumer protection and financial stability issues.

Coinbase CEO Brian Armstrong personally went to Washington to promote the bill, meeting with senators and regulators to advocate for innovation-friendly rules. Messari Crypto founder Ryan Selkis noted that while Coinbase might benefit from the "gray area," Democrats may use cryptocurrency as a political issue against Republicans. Despite ongoing differences in oversight and compliance, bipartisan consensus in the digital asset space is increasing, and legislators are optimistic that the bill may soon pass the Senate through continued pressure from industry leaders.