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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Hong Kong Looks to Save Pennies to Fight Its Way Out of the Red https://www.bloomberg.com/news/newsletters/2025-02-27/hong-kong-looks-to-save-pennies-to-fight-its-way-out-of-the-red?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Hong Kong Looks to Save Pennies to Fight Its Way Out of the Red
Welcome to Hong Kong Edition, a weekly newsletter. To subscribe for free, click here.
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The masters of monetary policy are turning to social media to reach young constituents https://www.bloomberg.com/news/articles/2025-02-27/central-banks-turn-to-social-media-to-reach-gen-z?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
When Central Banks Hit Instagram, Cue the Cringe
The masters of monetary policy are turning to social media to reach young constituents.
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Sentiment around US small-cap companies is worse than it’s been in months https://www.bloomberg.com/news/newsletters/2025-02-27/small-cap-gloom-spreads-from-wall-street-to-the-boardroom?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Small-Cap Gloom Spreads From Wall Street to the Boardroom
Investor sentiment around small-cap companies is worse than it’s been in months. As it turns out, the mood isn’t much better inside their corporate boardrooms.
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While the push for states to hold digital assets in one way or another generated momentum earlier this year, crypto reserve bills in four states have failed over the last month https://www.bloomberg.com/news/articles/2025-02-27/bitcoin-reserve-bills-are-failing-in-quick-succession-in-states?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Bitcoin Reserve Bills Are Failing in Quick Succession in States
While the push for state governments to hold digital assets in one way or another generated momentum earlier this year, crypto reserve bills in four states have failed over the last month.
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Stripe confirms plans for a tender offer that will allow the company and investors to repurchase shares from current and former employees in an agreement that values the payment processing fintech at $91.5 billion https://www.bloomberg.com/news/articles/2025-02-27/stripe-boosts-valuation-to-91-5-billion-through-tender-offer?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Stripe Boosts Valuation to $91.5 Billion Through Tender Offer
Stripe Inc. confirmed plans for a tender offer for employees and shareholders that will value the company at $91.5 billion, signaling the digital payments firm may not be in a hurry to go public.
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El escándalo de la criptomoneda Libra que ha tocado al presidente argentino, @JMilei, no es la primera vez que Hayden Davis y sus familiares se han visto envueltos en una controversia. https://www.bloomberg.com/news/articles/2025-02-27/la-oscura-familia-del-emprendedor-cripto-que-se-cruzo-con-milei?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
La oscura familia del emprendedor cripto que se cruzó con Milei
Estar en medio del escándalo de criptomonedas que atrapó al presidente de uno de los países más grandes de Sudamérica no era la primera vez para los miembros de la familia Davis, que ya saben de controversias.
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For two years, Wall Street traders have minted profits simply by chasing the hottest stocks in the market regardless of price, fundamentals or the economic backdrop. Those days appear to be over. https://www.bloomberg.com/news/articles/2025-02-27/traders-flee-risk-seek-havens-to-hedge-uncertain-stock-market?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Traders Flee Risk, Seek Havens to Hedge Uncertain Stock Market
For two years, Wall Street traders have minted profits simply by chasing the hottest stocks in the market regardless of price, fundamentals or the economic backdrop. Those days appear to be over.
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Crypto has a lot going for it these days. The general public's trust is not one of them, @olgakharif writes in the @Crypto newsletter. https://www.bloomberg.com/news/newsletters/2025-02-27/trump-is-in-crypto-s-corner-the-public-s-trust-is-not?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump Is in Crypto’s Corner. The Public’s Trust Is Not.
Olga Kharif reports on a lingering problem for the cryptocurrency industry.
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Speculative crypto assets known as memecoins are not considered securities, the staff of the SEC says https://www.bloomberg.com/news/articles/2025-02-27/memecoins-more-like-collectibles-than-securities-sec-staff-says?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Memecoins More Like Collectibles Than Securities, SEC Staff Says
Speculative cryptocurrency assets known as memecoins are not considered securities, the staff of the US Securities and Exchange Commission said Thursday, even though the assets generate buzz.
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Get up to speed on what's moving global markets https://www.bloomberg.com/news/articles/2025-02-27/stock-market-today-dow-s-p-live-updates?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Stock Futures Point to Rebound While Bitcoin Sinks: Markets Wrap
Stocks shook off another bout of volatility spurred by geopolitical anxiety and a White House shouting match to rally at the end of a jittery February.
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Crypto infrastructure builder Consensys said the SEC has agreed in principle that the securities enforcement case concerning its MetaMask business should be dismissed https://www.bloomberg.com/news/articles/2025-02-27/crypto-firm-consensys-says-sec-agreed-to-drop-enforcement-action?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Crypto Firm Consensys Says SEC to Drop Enforcement Action
Crypto infrastructure builder Consensys said the US Securities and Exchange Commission have agreed in principle that the securities enforcement case concerning its MetaMask business should be dismissed.
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