GM!
Today’s top news:
Crypto majors are red after hot CPI; BTC -1.5% at $79.3k BTC ETFs see $630M in net outflows, most since January Schwab officially began rollout of spot crypto trading Claude helps user find $400k in BTC lost for 11 years Myriad adopts Chainlink as it moves deeper into real-time markets 🇨🇳 What’s At Stake with Trump in BeijingTrump landed in Beijing on Wednesday for his first visit to China since 2017, a two-day summit with Xi Jinping that carries more weight than any U.S.-China meeting in nearly a decade.
The agenda covers five interconnected crises simultaneously:
the Iran war and Hormuz blockade, the trade relationship and tariff truce, Taiwan, rare earth export controls, and AI governance.Any one of those issues could move global markets on its own. Stacked in the same two-day window, the Beijing summit is the most consequential diplomatic event of the year.
Iran is the session that matters most for crypto and oil markets. China is Iran’s largest oil customer and has the deepest leverage over Tehran. Any joint Trump-Xi statement signaling China will facilitate a ceasefire or press Iran toward negotiations would immediately crater oil prices, potentially back toward $85-90/barrel. That’s the scenario that reopens the June rate cut conversation and clears BTC’s path toward $84K and beyond.
The second market-relevant issue is trade. Bessent and He Lifeng met in Seoul on Wednesday ahead of the summit to lay the groundwork. Analysts expect a limited deal involving tariff pauses, purchase commitments, and rare earth arrangements rather than a comprehensive reset. But Trump has quite the delegation with him, including Elon Musk, Larry Fink, David Solomon, Tim Cook, and 12+ CEOs. If there are deals to be made, he’s got the right folks in the room to make it happen.
An initial group of Schwab clients can now trade Bitcoin and Ether directly through the Schwab Crypto platform, with a wider rollout planned through 2026. The launch had been telegraphed since July 2025, when CEO Rick Wurster said the company planned to introduce crypto trading in the first half of 2026.
Schwab has roughly 35 million active brokerage accounts. Morgan Stanley has 8.6 million through E*Trade. Together with Fidelity, these three platforms now offer direct spot crypto access to a combined client base of well over 50 million U.S. investors—the largest distribution network that has ever existed for direct Bitcoin access outside of dedicated crypto exchanges.
The era of needing Coinbase, Kraken, or Robinhood for spot BTC exposure is effectively over for most American retail investors…
The Chainlink Runtime Environment gives Myriad a unified orchestration layer that automates market creation, resolution, and settlement powered entirely by Chainlink Data Streams. This enables faster payouts and settlement for markets, more accurate price tracking, and more.
The wallet dated back to the user’s college years. They reported losing access after changing the password while intoxicated and later forgetting the updated credentials.
The recovery hinged on a specific technical problem. The user had an old mnemonic phrase (reportedly “lol420fu*thePOLICE!:)”) but it no longer unlocked the current wallet file because the wallet had been re-encrypted with a forgotten newer password. As a last resort, he uploaded the full contents of his old college computer into Claude. The AI located an older wallet.dat file that predated the password change and identified why the mnemonic no longer worked: the password was being processed incorrectly as a concatenation of sharedkey + password. Once the correct decryption logic was applied, the private keys were extracted and the wallet opened.
