According to The Kobeissi Letter, US Trade Representative Greer announced confidence in a new deal with Chinese partners aimed at addressing the trade deficit, with further details to be released Monday (source: The Kobeissi Letter, May 11, 2025). This development is closely watched by crypto traders, as improved US-China trade relations historically reduce market volatility and can boost risk-on assets like Bitcoin and Ethereum. Traders should monitor the upcoming detailed release for potential impacts on stablecoin flows, cross-border transaction volumes, and overall crypto market sentiment.