Crypto Prime Broker FalconX's Head of Trading Brian Strugats Has Left the Business
Strugats was based in New York and had worked for the crypto trading firm for more than three years.
CEO turnover just hit a new January record as companies dump their top brass because of political and economic upheaval
The government and nonprofit sectors have seen the most CEO exits.
Crypto ‘Alt Season’ May Disappear for Good in Marketwide Slump
(Bloomberg) -- One of the more dependable trading patterns in crypto appears to have become less reliable during the swift drawdown from the all-time highs reached amid the exuberance around the re-election of Donald Trump. Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkUS Tent Facility is Holding Migrant Families Longer Than RecommendedNYC’s Finances
Trump deregulation push boosts appeal of swap spread wideners in bond market
NEW YORK (Reuters) -A potential move by the Federal Reserve to ease regulations on capital for U.S. banks that would allow them to hold more Treasury securities has unleashed a torrent of so-called swap spread wideners in the bond market. These are bets that increase demand for U.S. Treasuries that will push their yields lower and closer to those of a competing class of risk-free assets called interest rate swaps. The trade has become popular since the November 5 U.S. election on expectations President Donald Trump's administration will push through deregulation, particularly making capital adequacy rules less restrictive for banks.
Trump admin backs bill to repeal anti-DeFi IRS crypto tax rule
The Trump administration has officially backed a bill to repeal a controversial IRS crypto tax rule, with crypto czar David Sacks calling it a move to protect American innovation.
Oil prices drop as OPEC+ agrees to gradually hike output from April
Oil prices had already been trading lower in the last few weeks, partly because of expectations that US president Donald Trump could swiftly end Russia’s war in Ukraine. This, in turn, is likely to increase Russian oil output thanks to sanctions relief.View on euronews
Teck CEO Slams US for Making Economic Decisions ‘Without Adults’
(Bloomberg) -- The top executive of Teck Resources Ltd., one of Canada’s biggest mining companies, blasted the US for imposing inflation-fueling tariffs on metals markets in some of the industry’s most scathing comments against the Trump administration.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkUS Tent Facility is Holding Migrant Families Longer T
Beyond Party Lines: Securing America’s Crypto Innovation Edge
The Congressional Crypto Caucus is a new nonpartisan voting bloc in Congress united by the promise of this technology, say House Majority Whip Tom Emmer and Representative Ritchie Torres.
Hershey says ICE cocoa futures market is disconnected from reality
NEW YORK (Reuters) -Chocolate maker Hershey Co said the ICE New York cocoa futures market is currently disconnected from the reality of the global physical market due to exchange actions that have reduced liquidity and increased volatility. Tricia Brannigan, Hershey's vice president for procurement, told Reuters on Tuesday that high margin calls on ICE's cocoa futures market drove commercial players away, reducing open interest and causing sharp price swings. ICE cocoa futures prices in New York and London have fluctuated wildly in recent months after hitting record highs in both markets late last year due to production problems in Africa.