Morning Minute: What’s At Stake with Trump in Beijing

Tyler Warner

Thu, May 14, 2026 astatine 6:57 AM CDT 7 min read

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. And check retired our caller regular quality amusement covering each of the apical stories successful 5 minutes, downloadable connected Apple Pod oregon Spotify.

GM!

Today’s apical news:

• Crypto majors are reddish aft blistery CPI; BTC -1.5% astatine $79.3k

• BTC ETFs spot $630M successful nett outflows, astir since January

• Schwab officially began rollout of spot crypto trading

• Claude helps idiosyncratic find $400k successful BTC mislaid for 11 years

• Myriad adopts Chainlink arsenic it moves deeper into real-time markets

🇨🇳 What’s At Stake with Trump successful Beijing

Trump landed successful Beijing connected Wednesday for his archetypal sojourn to China since 2017, a two-day acme with Xi Jinping that carries much value than immoderate U.S.-China gathering successful astir a decade.

The docket covers 5 interconnected crises simultaneously:

• the Iran warfare and Hormuz blockade,

• the commercialized narration and tariff truce,

• Taiwan,

• rare world export controls, and

• AI governance.

Any 1 of those issues could determination planetary markets connected its own. Stacked successful the aforesaid two-day window, the Beijing acme is the astir consequential diplomatic lawsuit of the year.

Iran is the league that matters astir for crypto and lipid markets. China is Iran’s largest lipid lawsuit and has the deepest leverage implicit Tehran. Any associated Trump-Xi connection signaling China volition facilitate a ceasefire oregon property Iran toward negotiations would instantly crater lipid prices, perchance backmost toward $85-90/barrel. That’s the script that reopens the June complaint chopped speech and clears BTC’s way toward $84K and beyond.

The 2nd market-relevant contented is trade. Bessent and He Lifeng met successful Seoul connected Wednesday up of the acme to laic the groundwork. Analysts expect a constricted woody involving tariff pauses, acquisition commitments, and uncommon world arrangements alternatively than a broad reset. But Trump has rather the delegation with him, including Elon Musk, Larry Fink, David Solomon, Tim Cook, and 12+ CEOs. If determination are deals to beryllium made, he’s got the close folks successful the country to marque it happen.

💸 Charles Schwab Just Gave 35 Million Clients Direct Bitcoin Access

Charles Schwab ($12T AUM) began the U.S. retail rollout of spot crypto trading connected Wednesday.

An archetypal radical of Schwab clients tin present commercialized Bitcoin and Ether straight done the Schwab Crypto platform, with a wider rollout planned done 2026. The motorboat had been telegraphed since July 2025, erstwhile CEO Rick Wurster said the institution planned to present crypto trading successful the archetypal fractional of 2026.

Schwab has astir 35 cardinal progressive brokerage accounts. Morgan Stanley has 8.6 cardinal done E*Trade. Together with Fidelity, these 3 platforms present connection nonstop spot crypto entree to a combined lawsuit basal of good implicit 50 cardinal U.S. investors—the largest organisation web that has ever existed for nonstop Bitcoin entree extracurricular of dedicated crypto exchanges.