In the latest developments in crypto, total assets in global crypto funds reached $169 billion, just 2.5% short of the record $173.3 billion recorded at the end of January. Recent data from CoinShares revealed that cryptocurrency investment products attracted $882 million last week, contributing to a four-week inflow total of $6.3 billion, representing 93% of year-to-date inflows. US crypto exchange-traded funds (ETFs) have also set a new record with cumulative net inflows of $62.9 billion. Furthermore, Bitcoin's performance amidst trade uncertainty has sparked discussion about its status as a safe-haven asset. Bitcoin showed resilience during a market sell-off in April, rising from $75,000 to $95,000 by the month's end, outperforming major stock indexes. Meanwhile, the White House announced substantial progress in trade talks with China, although details remain vague, leading to skepticism among investors regarding the potential impact on financial markets. Observers are eager to see if a confirmed trade deal alters Bitcoin's performance as its use case continues to be evaluated.

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