Tesla saw its sales plunge 45% across Europe last month despite a rise in demand for electric vehicles for rival carmakers: Here's your Evening Briefing https://www.bloomberg.com/news/newsletters/2025-02-25/tesla-s-european-sales-plunge-amid-musk-meddling?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Tesla’s European Sales Plunge Amid Musk Meddling
Get caught up.
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Robinhood CEO Vlad Tenev said that his firm, which has been probed by US financial regulators over its cryptocurrency operations, benefits from government oversight https://www.bloomberg.com/news/articles/2025-02-25/robinhood-ceo-tenev-says-financial-regulation-good-for-the-firm?utm_source=telegram&utm_content=crypto&utm_medium=social
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High-risk, high-return ETFs, minted in bulk by Wall Street product managers in the euphoria of the post-election bull market, were all the rage. Now these products are dealing their owners a gut punch https://www.bloomberg.com/news/articles/2025-02-25/wall-street-gamblers-get-crushed-as-leveraged-etf-losses-hit-40?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Wall Street Gamblers Get Crushed as Leveraged ETF Losses Hit 40%
They were all the rage on the way up: high-risk, high-return exchange-traded funds, minted in bulk by Wall Street product managers in the euphoria of the post-election bull market.
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Uniswap Labs, the creator of the largest decentralized trading platform on Ethereum, said the SEC has closed its investigation into the company with no enforcement action https://www.bloomberg.com/news/articles/2025-02-25/uniswap-says-the-sec-closes-probe-of-decentralized-finance-firm?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Uniswap Says the SEC Closes Probe of Decentralized Finance Firm
Uniswap Labs, the creator of the largest decentralized trading platform on Ethereum, said the US Securities and Exchange Commission has closed its investigation into the company with no enforcement action.
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PayPal plans to integrate its stablecoin into more of its products this year in an effort to address all of its merchants’ needs through a single platform https://www.bloomberg.com/news/articles/2025-02-25/paypal-plans-to-ramp-up-adoption-of-its-stablecoin-through-2025?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
PayPal Plans to Ramp Up Adoption of Its Stablecoin Through 2025
PayPal Holdings Inc. plans to integrate its stablecoin into more of its products this year in an effort to address all of its merchants’ needs through a single platform.
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Where is all that crypto that was stolen in the Bybit hack going to end up? @MuyaoShen has questions in the @Crypto newsletter. https://www.bloomberg.com/news/newsletters/2025-02-25/blockchain-sleuths-chase-almost-1-5-billion-stolen-from-bybit?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Blockchain Sleuths Chase Almost $1.5 Billion Stolen from Bybit
Muyao Shen follows the money from the Bybit hack and wonders where it’s all going to end up.
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Here's what you need to know to start your day https://www.bloomberg.com/news/newsletters/2025-02-25/ukraine-and-us-said-to-clinch-minerals-deal?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Ukraine and US Said to Clinch Minerals Deal
Good morning. The US and Ukraine clinch a deal to jointly develop the latter’s natural resources. Eli Lilly slashes the cost of some Zepbound doses. And Premier League stadiums are getting more luxurious. Listen to the day’s top stories.
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Get up to speed on what's moving global markets https://www.bloomberg.com/news/articles/2025-02-25/stock-market-today-dow-s-p-live-updates?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Global Stocks Gain Ahead of Crucial Nvidia Result: Markets Wrap
Shares of the world’s largest technology companies climbed in late hours on speculation that Nvidia Corp.’s earnings will help reignite the artificial intelligence-driven rally.
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Jeremy Allaire, the co-founder of stablecoin issuer Circle, is making the case that the issuers of the dollar-based cryptocurrencies that underpin much of the trading in digital-assets markets should be registered in the US https://www.bloomberg.com/news/articles/2025-02-25/circle-s-allaire-says-stablecoin-issuers-should-be-us-registered?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Circle’s Allaire Says Stablecoin Issuers Should Be US Registered
Jeremy Allaire, the co-founder of stablecoin issuer Circle Internet Financial, is making the case that the issuers of the dollar-based cryptocurrencies that underpin much of the trading in digital-assets markets should be registered in the United States.
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The CFTC will formally evaluate companies' or individuals' cooperation and self-reporting before levying fines, the latest signal the derivatives regulator is shifting its approach to enforcement https://www.bloomberg.com/news/articles/2025-02-25/cftc-plans-to-curtail-fines-for-alleged-wrongdoers-who-cooperate?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
CFTC Plans to Curtail Fines for Alleged Wrongdoers Who Cooperate
The US Commodity Futures Trading Commission will formally evaluate how companies or individuals accused of wrongdoing cooperate or self-report before levying fines, the latest signal the derivatives regulator is shifting its approach to enforcement.
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Mirae Asset, a leading South Korean brokerage, will suspend orders for some of the riskiest leveraged exchange-traded products listed overseas, after warning against potential losses from increased volatility https://www.bloomberg.com/news/articles/2025-02-25/korean-broker-mirae-asset-halts-orders-for-some-leveraged-etfs?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Korean Broker Mirae Asset Halts Orders for Some Leveraged ETFs
Mirae Asset Securities Co., a leading South Korean brokerage, will suspend orders for some of the riskiest leveraged exchange-traded products listed overseas, after warning against potential losses from increased volatility.
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Representative Byron Donalds says he will run for governor of Florida, an announcement coming less than a week after Trump offered him his “Complete and Total Endorsement” https://www.bloomberg.com/news/articles/2025-02-26/trump-ally-seeks-florida-governor-job-in-possible-desantis-clash?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump Ally Seeks Florida Governor Job in Possible DeSantis Clash
Congressman Byron Donalds says he will run for governor of Florida, a move that comes less than a week after President Donald Trump offered the lawmaker a ringing endorsement.
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The cost of FTX’s bankruptcy is approaching $1 billion, cementing the implosion of Sam Bankman-Fried’s crypto enterprise as one of costliest Chapter 11 cases in US history. https://www.bloomberg.com/news/articles/2025-02-26/ftx-s-950-million-bankruptcy-fees-among-costliest-since-lehman?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
FTX’s $950 Million Bankruptcy Fees Among Costliest Since Lehman
The cost of FTX’s bankruptcy is approaching $1 billion, cementing the implosion of Sam Bankman-Fried’s crypto enterprise as one of costliest Chapter 11 cases in US history.
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The Libra crypto scandal that’s ensnared Argentine President Javier Milei wasn’t the first time that Hayden Davis and his family members were at the center of controversy. https://www.bloomberg.com/news/articles/2025-02-26/counterfeiting-and-cult-murder-family-behind-milei-memecoin-has-checkered-past?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Counterfeits and Cult Murder: A Memecoin Family’s Checkered Past
Being in the middle of the crypto scandal that’s ensnared the president of one of South America’s biggest countries wasn’t the first time that members of the Davis family found themselves at the center of controversy.
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With the so-called Trump bump fading across markets, Bitcoin options are showing that investors and traders are hedging against a decline in the cryptocurrency to levels last seen just after election day. https://www.bloomberg.com/news/articles/2025-02-26/bitcoin-options-show-traders-are-hedging-against-drop-to-70-000?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Bitcoin’s Slide Has Traders Hedging Against a Drop to $70,000
With the so-called Trump bump fading across markets, Bitcoin options are showing that investors and traders are hedging against a decline in the cryptocurrency to levels last seen just after election day.
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Investors yanked more than $1 billion from spot Bitcoin exchange-traded funds Tuesday, marking the biggest one-day outflow since the cohort’s debut last January https://www.bloomberg.com/news/articles/2025-02-26/bitcoin-etfs-see-record-1-billion-outflow-qqq-spy-gain?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Bitcoin ETFs Are Hit by a Record $1 Billion Outflow in One Day
Investors yanked more than $1 billion from spot Bitcoin exchange-traded funds Tuesday, marking the biggest one-day outflow since the cohort’s debut last January.
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Startup Eyes Secure Chips Amid China Hacking Worries https://www.bloomberg.com/news/newsletters/2025-02-26/startup-eyes-secure-chips-amid-china-hacking-worries?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Startup Eyes Secure Chips Amid China Hacking Worries
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Get up to speed on what's moving global markets https://www.bloomberg.com/news/articles/2025-02-26/stock-market-today-dow-s-p-live-updates?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Stocks Fall as Nvidia Fails to Ignite AI Rally: Markets Wrap
A selloff in the stock market’s most-influential group drove the Nasdaq 100 to its lowest level since November as Nvidia Corp.’s results failed to revive the artificial-intelligence rally.
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Lawyers for Justin Sun and for the SEC are seeking a stay in the regulatory proceedings against the crypto entrepreneur https://www.bloomberg.com/news/articles/2025-02-26/justin-sun-sec-seek-pause-in-case-against-crypto-entrepreneur?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Justin Sun, SEC Seek ‘Pause’ in Case Against Crypto Entrepreneur
Lawyers for Justin Sun and for the US Securities and Exchange Commission are seeking a stay in the regulatory proceedings against the crypto entrepreneur.
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Gemini, owned by the billionaire Winklevoss twins, was purportedly told by the US SEC that the agency has closed its investigation into the crypto exchange https://www.bloomberg.com/news/articles/2025-02-26/gemini-s-winklevoss-says-sec-closed-investigation-with-no-action?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Gemini’s Winklevoss Says SEC Closed Investigation With No Action
Gemini Trust Co., owned by billionaire Winklevoss twins, was told by the US Securities and Exchange Commission that the agency has closed its investigation into the crypto exchange according to a posting on X by Cameron Winklevoss.
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