According to The Kobeissi Letter, the US government has confirmed that a trade deal with China has been reached, with the Trump Administration set to provide further details tomorrow (Source: @KobeissiLetter on Twitter, May 11, 2025). This development is likely to influence global risk sentiment, potentially reducing volatility in both traditional and crypto markets. Traders should monitor the upcoming announcement for details on tariffs and technology policies, as these factors could impact capital flows into digital assets and correlated sectors.