What Just Happened Over the Weekend?
Weekly Preview: This past weekend brought a flood of surprises from politics to oil to Wall Street legends.
Donald Trump came out swinging. He announced a 100% tariff on all foreign-made movies, blaming foreign countries for stealing US film business. He called it a “national security threat” and demanded:
“WE WANT MOVIES MADE IN AMERICA, AGAIN!”
He also said he won’t talk to China’s President Xi, accusing China of “ripping us off”. But the real twist? Trump praised crypto—calling it more resilient than stocks in the last crash, and warned that if the US doesn’t adopt it, “China will.”
It’s clear now: crypto is turning into a geopolitical game.
Meanwhile, oil prices crashed nearly -4% as OPEC prepares to increase supply again. Crude (WTI) is now sitting at around $56, which is the lowest in months. That’s good for inflation—but bad for energy stocks.
Then came the Buffett shocker.
Warren Buffett announced he’s stepping down after 55 years as CEO of Berkshire Hathaway. During his run, the stock returned more than +330,000%. He also built a massive $348 billion cash pile, which now holds more US Treasury bills than the Federal Reserve itself.
Buffett also gave a parting warning:
“Trade should not be a weapon… it can be an act of war.”
And with Trump pushing new tariffs, that warning hits different.
What to Watch This Week
We’re entering a jam-packed week for both crypto and traditional markets. Here’s what matters:
Monday:
- S&P Global Services PMI
- ISM Non-Manufacturing PMI
These will show how the US service economy is doing. A strong print might make the Fed hesitate on future rate cuts.
Wednesday:
- Federal Reserve Interest Rate Decision
The Fed is almost guaranteed to hold rates steady. According to Polymarket, there’s a 97.8% chance of no change. No cut, no hike—just a wait-and-see. - Fed Press Conference
Expect questions about inflation, jobs, and possibly Trump’s tariff push. Powell’s words will matter more than the actual rate decision.
Thursday:
- Initial Jobless Claims
This tells us if people are starting to lose jobs. Higher numbers could push the Fed closer to a rate cut in June.
Earnings Season
About 20% of S&P 500 companies report earnings this week. Tech, energy, and retail are under the microscope. Will they mention tariffs or slowing growth? Keep an eye out.
Token Unlocks
Movement Labs (MOVE)
Date: May 09, 2025
Unlock Value: 8.52M USDT (2.00% of marketcap)
% of Total Supply: 0.50%
Number of Tokens: 50.00M MOVE
Source | Cryptorank
Cheelee (CHEEL)
Date: May 10, 2025
Unlock Value: 17.25M USDT (4.70% of marketcap)
% of Total Supply: 0.27%
Number of Tokens: 2.67M CHEEL
Source | Cryptorank
Ethena (ENA)
Date: May 05, 2025
Unlock Value: 50.24M USDT (2.97% of marketcap)
% of Total Supply: 1.15%
Number of Tokens: 171.85M ENA
Source | Cryptorank
Jito Labs (JTO)
Date: May 07, 2025
Unlock Value: 18.27M USDT (3.49% of marketcap)
% of Total Supply: 1.13%
Number of Tokens: 11.31M JTO
Source | Cryptorank
Final Thoughts
This week is a weird mix of uncertainty and clarity.
Trump is going full protectionist. Powell is staying cautious. Buffett is walking off the stage with more cash than most countries. And the market? It’s stuck in between waiting for clarity and reacting to surprises.
For crypto, Trump’s sudden pro-crypto tone might open new doors, especially as US-China tensions heat up. Add in some rate-watch tension, and we’ve got ourselves a volatile week.
Remember, this isn’t financial advice. It’s a moving market with a lot of noise. Always do your own research, stay alert, and trade smart.
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