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US-China trade deal could shed light on Bitcoin’s use case: Trader

Bitcoin’s potential price reaction to a trade deal between the United States and China could give insights into whether Bitcoin is being used as a safe-haven asset in the current market.

Bitcoin (BTC) outperformed stocks and held up “incredibly strong” during a sharp sell-off on stock markets in April, following Donald Trump’s announcement of tariffs on “Liberation Day,” observed crypto trader “Daan Crypto” on May 11.

Following its plunge to $75,000 on April 7, Bitcoin recovered strongly to trade 27% higher at around $95,000 by the end of the month. Meanwhile, indexes like the S&P 500 and Nasdaq declined in April.

At the time, people wondered if Bitcoin’s relative strength came from the narrative that countries were using Bitcoin to bypass tariffs. The analyst said the opposite should theoretically occur if the trade deal is confirmed.

“Theoretically

Stablecoin bill gets second chance with Northern Mariana lawmakers

Tinian, a small island in the US territory of the Northern Mariana Islands, could get a second chance at launching a stablecoin after the territory’s Senate voted to override the governor’s earlier veto of its stablecoin bill.

On May 9, the Northern Mariana Islands Senate voted 7-1 to override Governor Arnold Palacios’ April 11 veto of the bill, which would allow the Tinian local government to issue licenses to internet casinos and includes a provision for the Tinian treasurer to issue, manage and redeem a “Tinian Stable Token.”

The bill will now head to the 20-member Northern Mariana Islands House, which will need a two-thirds majority vote to override the veto and pass the bill into law.

If the House is quick to pass the bill, the Tinian government could be in the lead for the first US public entity to issue a

‘Dark stablecoins’ could emerge as regulations tighten

Censorship-resistant “dark stablecoins” could come in increasing demand as governments tighten their oversight of the industry.

Stablecoins have been used for various groups to store assets due to a lack of government interference; however, with regulations pending, that could soon change, Ki Young Ju, CEO of crypto analytics firm CryptoQuant, said in a May 11 X post.

“Soon, any stablecoin issued by a country could face strict govt regulation, similar to traditional banks. Transfers might automatically trigger tax collection through smart contracts, and wallets could be frozen or require paperwork based on government rules,” he said.

“People who used stablecoins for big international transfers might start looking for censorship-resistant dark stablecoins instead.”

On the heels of US President Donald Trump’s crypto-friendly administration assuming power earlier this year, lawmakers are weighing stablecoin legislation, which seeks to regulate US stablecoins, ensuring their legal use for payments.

The

Ledger secures Discord after hacker bot tried to steal seed phrases

Hardware wallet provider Ledger has confirmed its Discord server is secure again after an attacker compromised a moderator’s account to post scam links on May 11 to trick users into revealing their seed phrases on a third-party website.

“One of our contracted moderators had their account compromised, which allowed a malicious bot to post scam links in one channel,” Ledger team member Quintin Boatwright wrote on the Ledger Discord server.

“The issue was quickly contained: the compromised account was removed, the bot was deleted, the website was reported, and all relevant permissions were reviewed and secured.”

Some members in Ledger’s Discord channel claimed the attacker abused moderator privileges to ban and mute them as they tried to report the breach, possibly slowing Ledger’s reaction.

Boatwright said the security breach was an isolated incident and that Ledger has taken additional measures to strengthen its security

White House claims 'substantial progress' on China trade deal

The White House announced that talks between the United States and China regarding a trade deal have made “substantial progress,” yet no official deal has been announced at this time, leaving investors in doubt.

According to a May 11 announcement from the White House, more details on the trade talks and the proposed “agreement” will be revealed on May 12.

“I am happy to report that we made substantial progress between the United States and China in the very important trade talks,” Treasury Secretary Scott Bessent said in a joint statement with US trade representative Jamieson Greer.

US Treasury Secretary Scott Bessent tells the media that the US-China trade walks were productive. Source: Fox News

“We will be giving details tomorrow, but I can tell you that the talks were productive,” Bessent continued, without mentioning the word “deal” once in his statement.

Greer made

Ethereum chart pattern supports 'moon shot' rally to new price highs if confirmed — Trader

Key Takeaways:

Veteran trader Peter Brandt suggests a potential Ethereum rally to $3,800–$4,800 if ETH breaks above a rising wedge pattern.

A short-term pullback may occur as the taker buy-sell ratio drops below one, signaling caution from futures traders.

Ethereum’s native token Ether (ETH) opened its weekly candle at $1,807 on May 7, and now it is close to recording its highest 7-day returns of 38% since December 2020.

Ether also surpassed its realized price for accumulating addresses ($1,900), which is the average cost basis for holders, signaling profits for users. As illustrated in the chart, most of the buying pressure for ETH came from Binance, which is currently the most active exchange for ETH traders.

Ethereum realized price. Source: CryptoQuant

Elevated activity at Binance and an uptick in outflows reflect strong trader confidence, liquidity, and sustained bullish momentum in the current market.

“Moonshot” rally to new highs for

Bitcoin price inches closer to new all-time high as ETH, DOGE, PEPE and ATOM rally

Key points:

Bitcoin holds on to its recent gains, increasing the possibility of a retest of the all-time high at $109,588.

BlackRock’s spot Bitcoin ETF records 19 days of successive inflows, showing solid demand.

Select altcoins are showing strength, having broken out of their large basing patterns.

Bitcoin (BTC) made a decisive move above the psychologically crucial $100,000 level during the week, signaling that the bulls are back in the game. Buyers are trying to hold on to the 10% weekly gains over the weekend.

Bitcoin’s rally has been backed by solid inflows into the BlackRock spot Bitcoin exchange-traded fund (IBIT). According to Farside Investors’ data, the fund stretched its inflows streak to 19 days, with the latest trading week attracting $1.03 billion in inflows.

Crypto market data daily view. Source: Coin360

The rally was not limited to Bitcoin alone, as several

AI agents are coming for DeFi — Wallets are the weakest link

Opinion by: Sean Li, co-founder of Magic Labs

Crypto markets run 24/7. Human traders don’t. As AI agents begin to manage liquidity, optimize yield, and execute trades at all hours, they’re quickly becoming essential infrastructure for decentralized finance’s (DeFi) future. While AI agents are evolving from niche tools for quant traders into mainstream financial operators, they’re rapidly outpacing the wallets meant to secure them.

Advancements in account abstraction and smart contract wallets have emerged, but most DeFi platforms still predominately rely on externally owned account wallets that require manual approvals at every step. Early-stage programmable solutions exist but remain fragmented, costly on layer-1 networks and adopted by only a tiny fraction of users.

As AI agents increasingly operate in DeFi, this infrastructure limitation becomes critical. We need standardized infrastructure that allows for secure, cost-effective automation with verifiable guardrails across multiple blockchain ecosystems.

Automation needs guardrails, not guesswork

The rise of autonomous agents opens new possibilities:

Bitcoin must close the week above this level to start 'price discovery 2'

Key points:

Bitcoin analysis identifies the all-important price point to hold into the weekly close as all-time highs loom.

Liquidity is tightly clustered around current spot price, with $106,000 the likely next battleground.

Some traders are expecting the bid to enter price discovery to fail.

Bitcoin (BTC) preserved giant gains into the May 11 weekly close as analysis flagged the key level to hold next.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewAnalysis: BTC price can “kickstart the breakout process”

Data from Cointelegraph Markets Pro and TradingView showed weekend upside volatility, delivering new multimonth highs of nearly $105,000.

A lack of liquidity during “out of hours” trading contributed to the move, which once more came on the back of positive rumors over a US-China trade deal.

$BTC
almost tagging $105K off again headlines

markets will want to see fruition of Trumps comments regarding

Pectra lets hackers drain wallets with just an offchain signature

Ethereum’s latest network upgrade, Pectra, introduced powerful new features aimed at improving scalability and smart account functionality — but it also opened a dangerous new attack vector that could allow hackers to drain funds from user wallets using only an offchain signature.

Under the Pectra upgrade, which went live on May 7 at epoch 364032, attackers can exploit a new transaction type to take control of externally owned accounts (EOAs) without requiring the user to sign an onchain transaction.

Arda Usman, a Solidity smart contract auditor, confirmed to Cointelegraph that “it becomes possible for an attacker to drain an EOA’s funds using only an offchain signed message (no direct onchain transaction signed by the user).”

At the center of the risk is EIP-7702, a core component of the Pectra upgrade. The Ethereum Improvement Proposal introduces the SetCode transaction (type 0x04), which enables users to delegate control of their