Bitcoin has dropped over 15% since President Trump’s tariff threats on February 3, with more than $3.50 billion withdrawn from US-based Bitcoin ETFs. Economic uncertainty has led to a selloff in risk assets, as Bitcoin’s correlation with the Nasdaq rises, and global investors are seeking safer alternatives like the euro and gold. The cryptocurrency’s 24/7 trading allows for immediate reactions to macroeconomic news, exacerbating volatility during such announcements.
about Bitcoin selloff triggered by Trump's tariff announcement and economic uncertaintyJPMorgan Chase & Co.
0 in Finance and 0 in Crypto last weekGlobal Markets React to Economic Policies and Trade Tensions
U.S. stocks edged higher amid hopes for tariff relief from President Trump, despite a disappointing jobs report showing only 77,000 private-sector jobs added in February. The S&P 500 rose 0.1%, while the Dow was flat and the Nasdaq gained 0.2%. Concerns over the economic impact of escalating trade tensions persist, as the Fed’s potential interest rate cuts are now viewed negatively by markets.
about Global Markets React to Economic Policies and Trade TensionsCFPB Drops Lawsuit Against Banks Over Zelle Fraud Protection Failures
The Consumer Financial Protection Bureau (CFPB) has unexpectedly dropped its lawsuit against JPMorgan Chase, Wells Fargo, Bank of America, and Zelle, which accused them of failing to protect consumers from $870 million in losses over seven years. The dismissal, made with prejudice and without explanation, follows efforts by the Trump administration to weaken the agency. This lawsuit stemmed from a Senate investigation led by Senator Richard Blumenthal, highlighting inadequate protections for Zelle users.
about CFPB Drops Lawsuit Against Banks Over Zelle Fraud Protection FailuresStocks Plunge as Tariffs Impact Markets and Investor Sentiment
Stocks plummeted as investors reacted to newly imposed U.S. tariffs, with the Dow Jones and S&P 500 each down 1.8%. Target shares fell 6% despite better-than-expected earnings, while Best Buy dropped 15% due to tariff-related price increase concerns. Financial stocks also suffered, with major banks declining over 5%, and Tesla’s shares tumbled nearly 7%.
about Stocks Plunge as Tariffs Impact Markets and Investor SentimentCoreWeave Files for IPO After Record Growth in AI Infrastructure
CoreWeave has filed for an IPO, potentially one of 2025’s major tech events, after reporting $1.9 billion in revenue for fiscal 2024, a 737% increase from 2023. Despite this growth, the company faced an $863.4 million net loss due to heavy infrastructure investments and significant debt. Concerns arise over future revenue stability amid potential GPU oversupply, as highlighted by industry experts.
about CoreWeave Files for IPO After Record Growth in AI InfrastructureUBS Warns Clients About Bitcoin While Investing Billions Indirectly
UBS publicly warns clients about the risks of Bitcoin while secretly investing in it through shares of MicroStrategy, which holds over 200,000 BTC. This dual approach allows the bank to accumulate Bitcoin indirectly, raising questions about its true stance on the cryptocurrency. UBS claims its focus is on distributed ledger technology and client needs, despite its significant indirect exposure to Bitcoin.
about UBS Warns Clients About Bitcoin While Investing Billions IndirectlyAnalysts Predict XRP Could Reach Eighteen Thousand Dollars Amid Market Speculation
Analysts from Valhill Capital have projected that XRP could reach $18,000, driven by potential spot ETF approvals and increased global adoption. Their valuation model suggests significant growth in transaction volume and fees on the XRP Ledger, although actual adoption by US banks remains limited. Currently, XRP is trading at $2.27, reflecting a 5.64% increase in the last 24 hours, amid optimistic market sentiments.
about Analysts Predict XRP Could Reach Eighteen Thousand Dollars Amid Market SpeculationRevolut Faces Investor Pressure for Share Sale Ahead of Profit Report
Revolut is facing pressure from investors to consider a secondary share sale, potentially valuing the fintech at $60 billion, up from $45 billion six months ago. This comes as the company prepares to report approximately $1 billion in pre-tax profit for 2024 and has surpassed 50 million customers globally. Despite increasing investor interest, Revolut is unlikely to pursue an initial public offering before 2026, with a preference for a US listing.
about Revolut Faces Investor Pressure for Share Sale Ahead of Profit ReportGen Z Chooses Cryptocurrency Over Traditional Retirement Plans in New Study
A recent study reveals that Generation Z is increasingly favoring cryptocurrency over traditional retirement plans, with 42% holding digital assets compared to just 11% investing in 401(k)s. Despite 83% viewing crypto as risky, young investors are drawn to its potential for high short-term gains, influenced by social media and economic uncertainty. This trend highlights a significant generational shift towards digital-first investment strategies, as older generations continue to prioritize traditional options.
about Gen Z Chooses Cryptocurrency Over Traditional Retirement Plans in New StudyVontobel Layoffs Amid Leadership Changes and Executive Wealth Disparity
Vontobel is undergoing significant layoffs while its Co-CEOs, Georg Schubiger and Christel Rendu, step down from their roles, leaving their subordinates to manage operations. Despite the turmoil, the executives continue to earn millions, with Schubiger recently selling 4.4 million shares, highlighting a stark contrast between top management’s fortunes and the struggles of lower-level employees.
about Vontobel Layoffs Amid Leadership Changes and Executive Wealth DisparityBank CEOs Address Debanking Concerns Amid Regulatory Challenges and Criticism
Bank of America CEO Brian Moynihan attributed customer restrictions to over-regulation rather than political bias, responding to President Trump’s accusations of debanking conservatives. Moynihan emphasized the burdens of anti-money laundering regulations, which often lead banks to close accounts without explanation. JPMorgan Chase’s Jamie Dimon echoed these concerns, highlighting the fear of legal repercussions as a factor pushing clients out of the banking system.
about Bank CEOs Address Debanking Concerns Amid Regulatory Challenges and CriticismImpact of Market Fragmentation on OTC Trading in the Crypto Ecosystem
The crypto market’s fragmentation, with over 700 exchanges, complicates price discovery and execution quality, particularly in OTC markets. This inefficiency, driven by a lack of centralized reporting and regulatory divergence, poses challenges for institutional participation and necessitates improved market infrastructure. As firms seek compliance and expand services, the evolution of execution protocols will be crucial for enhancing liquidity and reducing operational risks.
about Impact of Market Fragmentation on OTC Trading in the Crypto Ecosystem