According to the source, former President Donald Trump confirmed a planned Oct 31 meeting with China’s President Xi Jinping, which the source frames as potentially supportive for crypto risk appetite (source). The source reports renewed U.S. banking stress and quotes Strike’s CEO stating Bitcoin “smells trouble,” adding that a Federal Reserve response could propel BTC higher (source). The source cites BitMine chair Tom Lee claiming Ethereum could flip Bitcoin, drawing a parallel to gold’s post-1971 underperformance versus financial assets (source). According to the source, Ripple is launching a $1 billion fundraise to buy XRP for a new digital asset treasury, implying direct market demand for XRP if executed (source). The source adds that 95% of corporate ETH accumulation occurred in Q3, with public companies reportedly adding $19.3 billion worth, signaling aggressive institutional allocation (source). The source also references analyst Crypto Gucci asserting that Ethereum faces three concurrent active supply vacuums, highlighting a bullish supply setup for ETH (source). For traders, the source highlights monitoring BTC’s reaction to banking headlines and any Fed policy shifts, ETH flows tied to corporate accumulation and supply constraints, and XRP liquidity around potential treasury purchases (source).

According to the source, U.S. President Trump confirmed he will meet Chinese President Xi Jinping on October 31 at the APEC summit in South Korea, and Bitcoin (BTC) rose 2% following the comment. According to the source, the Oct 31 diplomatic meeting provides a clear event date that coincided with a positive near-term BTC move. According to the source, traders can mark Oct 31 as a headline-risk window for crypto given the reported meeting and initial BTC reaction.

According to @ReutersBiz, Donald Trump said he and Xi Jinping made progress on a TikTok agreement. Source: @ReutersBiz. According to @ReutersBiz, he added they would meet face-to-face in six weeks in South Korea to discuss trade, illicit drugs, and Russia's war in Ukraine. Source: @ReutersBiz. This sets a dated geopolitical catalyst that traders can track for regulatory headlines around TikTok and U.S.-China relations. Source: @ReutersBiz. Traders can monitor BTC-USD and ETH-USD pairs and China-exposed tech and social media equities around the meeting window for potential headline-driven volatility and changes in perceived regulatory risk tied to TikTok. Source: @ReutersBiz.

According to Crypto Rover, reports indicate that former President Trump may speak with Chinese President Xi Jinping by the end of the week. This high-level diplomatic communication could influence global financial markets, including cryptocurrencies, as traders anticipate possible shifts in US-China relations. Market participants should monitor Bitcoin and altcoin price movements for signs of increased volatility linked to geopolitical developments. Sources confirm rising trading volumes and heightened sensitivity to macro news as investors seek to hedge against uncertainty (source: Crypto Rover on Twitter, May 12, 2025).