Crypto Trader Loses $308 Million as Ether Drops Below $1,877 in Market Sell-Off
A cryptocurrency trader lost over $308 million after their 50x leveraged Ether position was liquidated, showing the dangers of high-risk trading in volatile markets.
Abu Dhabi’s MGX Invests $2B in Binance, Securing First Institutional Backing for Crypto Giant
Binance, the world’s largest cryptocurrency exchange, has secured a $2 billion investment from Abu Dhabi-based investment firm MGX.
Half a dozen members of Trump’s cabinet hold Bitcoin assets, disclosures reveal, with a combined total worth millions
“Headwinds have turned into tailwinds,” for the crypto world because of the new administration, digital asset platform Abra’s CEO said.
Ripple Bags Dubai License to Offer Crypto Payments in UAE
Payments utility is also expected to drive greater stablecoin adoption in the UAE for their real time settlement value proposition.
India arrests man wanted in the US for crypto-linked money laundering
Police in the Indian state of Kerala arrested a Lithuanian national who is wanted in the US for running Garantex, a sanctioned crypto exchange.
Wall Street falls as Trump's trade war overshadows good news on the economy
Not even a double-shot of good news on the U.S. economy seems to be enough to stop Wall Street’s bleeding. Stocks fell Thursday after President Donald Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol. The swings for stocks have been coming not just day to day but also hour to hour, and the Dow hurled between a slight gain and a drop of more than 445 points during Thursday morning's trading.
Trump’s chief economist has a blueprint to force countries to pay for tariffs without reigniting inflation, but he says the path to success is narrow
Stephen Miran’s vision largely depends on the dollar strengthening relative to foreign currencies.
Hong Kong Mulls Lowering Threshold to Buy Most Expensive Stocks
(Bloomberg) -- Hong Kong’s stock exchange is discussing options to lower the threshold for investors to buy some of the city’s most expensive stocks to stoke trading, according to people familiar with the matter.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylva
Quantum stocks rebound from dip after new 'supremacy' announcement
Quantum stocks spiked after D-Wave said its quantum machines can outperform classical tech, helping the industry rebound after recent skepticism.
Oil dips as economic concerns, supply and demand expectations weigh
Brent futures were down 37 cents, or 0.5%, at $70.58 a barrel at 10:25 a.m. EDT (1425 GMT), while U.S. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29 a barrel. U.S. gasoline inventories fell by 5.7 million barrels, more than the 1.9 million-barrel draw expected by analysts, while distillate stocks also dropped more than anticipated, despite gains in crude stocks. "Declining U.S. gasoline inventories raised expectations for a seasonal demand increase in spring, but concerns about the global economic impact of tariff wars weighed on the market," said Hiroyuki Kikukawa, chief strategist at Nissan Securities Investment.