Reuters: The Chinese Central Bank has instructed state-owned banks to temporarily suspend their own foreign exchange purchasing and strengthen the review of customer foreign exchange purchasing. The Central Bank will not use a significant depreciation of the RMB to offset the impact of U.S. tariffs. Chinese state-owned banks are providing USD liquidity in the spot market to help ease the fall of the RMB.

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➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
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