US President Donald Trump reacted strongly to China’s decision to impose export restrictions, announcing that he would impose 100% tariffs on top of existing tariffs and stating that he would not meet with Chinese President Xi Jinping. However, Trump has softened his stance in recent statements. Trump stated today, “The meeting with Xi has not
The Bureau of Labor Statistics (BLS) has rescheduled the release of the September Consumer Price Index (CPI) U.S. inflation data. The proposed BLS CPI release comes amid the ongoing U.S. government shutdown, while the crypto market will be watching this inflation data, as it could influence the FOMC decision.
The Dow tanked nearly 900 points on Friday as markets completely flipped after former President Donald Trump threatened fresh tariffs on Chinese goods, accusing China of acting “very hostile” by tightening exports of rare earth metals. The selloff accelerated into the close. The S&P 500 shed over $1.5 trillion in value. Traders bailed. Portfolios bled.
Digital asset investment firm Galaxy Digital (GLXY) said on Friday it agreed to a $460 million private investment from one of the world’s largest asset managers, a deal that would add cash for its growing data center business and general corporate needs. The investment, from the undisclosed firm, is split between 9,027,778 new Class A
Public keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week BlackRock mints a new most-profitable ETF, S&P Global gets in the mix, and Coinbase stakes its claim on New York. Bitcoin Rules at BlackRock BlackRock’s iShares Bitcoin Trust has become the $12 trillion asset manager’s most profitable
Following China’s announcement that it would impose sweeping export controls starting November 1, 2025, US President Donald Trump announced that Washington would take countermeasures on the same date. Trump, in a statement on Truth Social, stated that China plans to impose export restrictions on “almost every product it manufactures and even some that it doesn’t,”
Lemon, a leading Argentina-based cryptocurrency exchange, has raised $20 million in its Series B funding round as the country attracts the interest of international capital. Marcelo Cavazzoli, founder and CEO of Lemon, declared that his next goal was to start operations in all of Latam. Argentina-Based Crypto Exchange Lemon Raises $20 Million in Series B
Securitize, the tokenization platform behind several major blockchain-based investment products, including BlackRock’s tokenized US Treasury fund, is reportedly in talks with Cantor Fitzgerald to go public via a Special Purpose Acquisition Company (SPAC). Bloomberg reported Friday, citing anonymous sources, that Securitize is in discussions to merge with Cantor Equity Partners II Inc., a blank-check firm
Treasury Secretary Scott Bessent has reduced the crowded field for the Federal Reserve chair down to five contenders after a series of long interviews, some running for two hours. The cut from 11 candidates to 5, announced late this week, marks the most important step yet in a process that will stretch into early next
U.S. stocks opened higher on Friday as Wall Street set its eyes on a positive weekly close, with the Dow Jones Industrial Average up 180 points despite the government shutdown extending into day 10. Summary Stocks traded higher on Friday as Wall Street looked to end the week on a winning note. Dow was up