MicroStrategy Halts Bitcoin Purchases Amid Stock Plunge

MicroStrategy, the corporate world’s most aggressive Bitcoin accumulator, has abruptly paused its cryptocurrency purchasing program for the first time in weeks, signaling potential distress as its stock price hovers near 14-month lows. The company’s shares have plummeted 38% this year while facing the looming threat of removal from major financial indices, marking a significant reversal for Michael Saylor’s Bitcoin-focused corporate strategy that once captivated Wall Street.

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Bitcoin Community Boycotts JP Morgan Over MSCI Exclusion

The Bitcoin community is calling for a boycott of JP Morgan after the financial giant revealed that MSCI plans to exclude crypto treasury companies from its indexes. This decision has sparked outrage among Bitcoin advocates and investors. High-profile investor Grant Cardone has already announced he’s pulling millions from Chase bank in protest.

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Saylor Defends MicroStrategy Amid MSCI Index Review Concerns

MicroStrategy Executive Chairman Michael Saylor is pushing back against concerns that his company could be excluded from major stock indices, defending its business model as MSCI reviews treatment of crypto-heavy firms. As MicroStrategy’s shares hover near 13-month lows and its market capitalization slips below the value of its Bitcoin holdings, Saylor insists the company is more than just a Bitcoin investment vehicle, pointing to its $500 million software business and innovative treasury strategy.

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MicroStrategy Faces Index Exclusion as Bitcoin Slump Worsens

MicroStrategy, the largest corporate Bitcoin holder, faces potential removal from major stock indices as the crypto market downturn intensifies. JPMorgan analysts warn this could trigger billions in passive fund outflows. The company’s premium valuation has evaporated as investor confidence wanes amid the crypto collapse.

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MSCI May Exclude Crypto-Heavy Firms From Index

Digital asset treasury companies face potential exclusion from the MSCI Index in January, creating significant selling pressure as index-tracking funds would be forced to liquidate positions. The index provider’s consultation with investors about whether firms holding over 50% of their balance sheets in cryptocurrency assets should be removed has revealed concerns that these companies exhibit characteristics similar to investment funds, which are currently ineligible for inclusion. Analysts warn this regulatory scrutiny could trigger substantial market impact for affected names, highlighting the ongoing institutional debate about cryptocurrency’s place in traditional finance.

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Goldman Sachs, MSCI Launch Private Equity-Like ETF

Goldman Sachs Asset Management has partnered with MSCI to introduce a groundbreaking ETF that aims to deliver private equity-like returns through public market securities. The Goldman Sachs MSCI World Private Equity Return Tracker ETF (ticker GTPE) represents a significant innovation in making sophisticated private equity strategies accessible to a broader range of investors through a liquid, transparent vehicle that tracks a custom MSCI index of approximately 1,500 global equities using both long and short positions.

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Fed Holds Steady as Trump Tariffs, AI Bubble Fears Mount

Steady inflation is providing the Federal Reserve with breathing room as the labor market shows signs of cooling. Meanwhile, former President Trump has proposed new tariffs on drugs, trucks, and furniture, adding to global trade tensions. David Einhorn and MSCI’s CEO are raising alarms about an AI spending spree reminiscent of the dot-com bubble, while the superyacht industry faces headwinds from geopolitical friction.

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Asian Stocks Rise on Fed Dovishness, Bond Selloff Eases

Asian stock markets advanced on Thursday, with the MSCI Asia-Pacific ex-Japan index gaining 0.5%, as dovish remarks from Fed officials helped calm investor anxieties over global growth and bond market volatility. This comes after U.S. stocks posted modest gains in the previous session, though markets have remained cautious amid a September slump and a selloff in longer-dated bonds. Attention now turns to Friday’s U.S. non-farm payrolls report, which could provide further direction for monetary policy and market sentiment.

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Japanese Shares Surge on Earnings, Tariff Hopes

Japanese stocks soared on Friday, with the Nikkei 225 rising 2% and the Topix index reaching a record high above 3,000 for the first time. The rally was fueled by strong earnings reports and expectations that the U.S. might eliminate overlapping tariffs on Japanese goods. In contrast, other Asian markets, including Hong Kong, saw declines after U.S. stocks ended the previous session with mild losses. MSCI’s Asia-Pacific index outside Japan slipped 0.4%, reflecting broader regional weakness.

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Trump’s 50% Tariff Threat Shakes Brazil, Coffee Prices

Former US President Donald Trump’s proposal to impose 50% tariffs on Brazilian goods has triggered a sharp decline in Brazil’s currency and raised concerns over rising coffee prices, as highlighted by Lavazza Chairman Giuseppe Lavazza. The tariffs, set to take effect on August 1 for copper imports, could also strain US manufacturers in sectors like automobiles and appliances. The escalating trade dispute adds to geopolitical tensions with Brazil’s government under Luiz Inacio Lula da Silva, while financial experts and industry leaders weigh in on the potential economic fallout.

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