Market Round Up: May 12, 2025

Rootstone's Market Round Up

╰ United States cuts tariffs on Chinese goods from 145% to 30% for 90 days and China lowers tariffs on US goods from 125% to 10% for 90 days.

╰ Coinbase 's $2.9 billion acquisition of Deribit expanded its derivatives market.

╰ BlackRock 's Bitcoin ETF (IBIT) recorded $356.2 million in inflows on May 9, 2025, extending its inflow streak to 19 consecutive days.

╰ Ethereum Pectra upgrade, combining the Prague execution layer and Electra consensus layer updates, went live on May 7, 2025.
Ethereum's price surge of approximately 39.12% over the week likely driven by increased investor interest in its enhanced capabilities.