Investors betting on Donald Trump’s assets have lost billions of dollars as the WLFI, Trump Coin, and DJT stocks have plunged this year. Summary Top Trump-associated assets in the crypto and stock markets have plunged. Trump Coin price has crashed from $50 in January to $8. Other assets like the DJT stock WLFI, and MELANIA

The US Federal Reserve’s decision to ease monetary policy is inflating an economic bubble that could drive up the prices of hard assets, but also marks the final phase of a 75-year economic cycle, according to former hedge fund manager Ray Dalio. Typically, the Federal Reserve eases interest rates when economic activity is stagnating or

Traditional hedge funds are buying into crypto harder than ever, and it’s not because they’ve suddenly become true believers, it’s because Donald Trump gave them the regulatory green light they’ve been begging for. According to a new report from the Alternative Investment Management Association and PwC, 55% of traditional hedge funds globally are now holding

In their statements regarding the economic outlook, FED officials made important assessments regarding inflation, employment and monetary policy. The statements indicate that uncertainties regarding the FED’s interest rate path continue. New York Fed President John Williams emphasized that in the real world, monetary policy relies more on data than forecasts. Williams noted that determining the

Crypto stocks plummeted amid a wider market downturn as investors fretted anew about macroeconomic uncertainties, including the latest U.S. jobs data, escalating trade tensions and a government shuttering, now in its record 37th day. Robinhood Market shares fell more than 7% to trade at $131, but were down more than 9% at one point, sinking

YZi Labs (formerly Binance Labs) announced an investment in AI-powered digital heritage project Funes. Funes aims to permanently preserve the cultural and architectural heritage of human civilization in the digital environment by creating the world’s largest open 3D architectural model archive. YZi Labs argued that this investment strengthens the company’s “AI-culture-real-world data infrastructure” strategy. Funes

US employers announced a sharp rise in job cuts in October, adding new pressure on the Federal Reserve ahead of its December policy meeting on rates. It was the highest total for any October since 2003.