According to The Kobeissi Letter, S&P 500 futures surged more than 1% following confirmed news that US Treasury Secretary Bessent will meet with China’s lead economic official this week (source: @KobeissiLetter, May 6, 2025). This development indicates renewed optimism in global equity markets and may boost risk appetite across financial assets. For crypto traders, such positive sentiment often translates to increased inflows into major cryptocurrencies like Bitcoin and Ethereum, especially as correlation between US equities and digital assets remains high during global macro events. Market participants should watch for spillover volatility in crypto pairs, as stronger equities frequently signal bullish momentum in digital asset markets.