• Diplomatic Deadlock: Iran officially rejected the U.S. 14-point framework, demanding war reparations and full sanctions relief while asserting total sovereignty over the Strait of Hormuz.

 • Trump’s Response: The President labeled Tehran’s counter-offer "totally unacceptable" but insists the ceasefire holds.

 • Escalation: Tensions spiked over the weekend following an Iranian drone strike on a U.S. commercial vessel, prompting the UK to deploy warships to the region for escorts.

#Geopolitics #IranConflict #Energy #OilPrices

🟢 Trump to Visit Beijing May 14 for High-Stakes Xi Summit

 • State Visit: President Trump arrives in Beijing this Thursday for a 36-hour summit featuring a military parade and direct talks with President Xi Jinping.

 • Agenda: Negotiations will focus on Taiwan Strait stability, renegotiating "Section 301" tariffs, and seeking Chinese mediation to break the Iran peace deadlock.

#ChinaUS #Trump #TradeWar #Geopolitics

🟡 Senate Floor Vote on Kevin Warsh Expected Today

 • Fed Transition: With Jerome Powell’s term ending May 15, the Senate may confirm Kevin Warsh today.

 • Warsh Doctrine: Markets are bracing for a "cut + QT" strategy. Analysts view this as a dovish pivot, contributing to the DXY’s slide to a multi-month low of 97.9.

 • Rate Outlook: Despite the leadership change, 95% of traders bet against a June rate cut following the Fed's recent 3.50–3.75% hold.

#KevinWarsh #Fed #USD #DXY

🟡 Banks Lobby for Strict Stablecoin Yield Ban Ahead of CLARITY Act

 • Vote Deadline: The Senate Banking Committee marks up the CLARITY Act on May 14.

 • Banking Pushback: The ABA and BPI are lobbying to kill a compromise that allows "activity-based" rewards, fearing a 20% drain on traditional bank deposits.

#ClarityAct #CryptoRegulation #Banking #Stablecoins

🟢 BlackRock Files for New Tokenized Funds (BSTBL & BRSRV)

 • Tokenization Push: BlackRock filed for two new funds—BSTBL ($6.1B) and BRSRV—to bridge Treasury yields with the on-chain economy.

 • Institutional Yield: BSTBL will offer Ethereum-based shares for Treasuries, while BRSRV is designed as a reserve tool for stablecoin holders to earn government-backed yield.

#BlackRock #Tokenization #RWA #Ethereum