US President Donald Trump’s initial 90 days in office have been challenging for Bitcoin (BTC) and the wider cryptocurrency sector. Despite positive regulatory advancements, including the historic White House crypto summit on March 7, digital asset prices have been affected by trade war tensions and recession fears. However, there was a significant sentiment shift in the crypto market this week following reports of Trump easing his tariff war against China. Additionally, Trump’s media empire, Trump Media and Technology Group, signed a deal with Crypto.com for its upcoming Made in America exchange-traded funds (ETFs). The latest Crypto Biz newsletter covers the resurgence of inflows into Bitcoin ETFs, a potential $3 billion crypto venture supported by Cantor Fitzgerald, and Coinbase’s potential pursuit of a federal banking charter. The newsletter also discusses Tesla’s decision to maintain its Bitcoin position despite disappointing earnings. In particular, Bitcoin ETFs experienced the largest inflows since January, with Glassnode data showing $381.3 million in net inflows on April 21. The surge in inflows pushed spot BTC prices back to $94,000 on April 23, nearing a $3 trillion total cryptocurrency market cap. Cantor Fitzgerald is reportedly in discussions with Softbank, Tether, and Bitfinex to establish a $3 billion crypto acquisition company named 21 Capital, as per an April 23 Financial Times report. The company aims to capitalize on the favorable crypto environment in the US post-Trump’s election. Coinbase is contemplating applying for a US federal bank charter, potentially signaling a move towards traditional banking services. Despite poor Q1 earnings, Tesla decided to retain its Bitcoin investments, holding 11,509 BTC valued at nearly $1.1 billion.