The rout in Bitcoin worsened on Thursday, sending it down 25% from the all-time high it set less than six weeks ago https://www.bloomberg.com/news/articles/2025-02-28/bitcoin-down-25-from-all-time-high-as-crypto-selloff-deepens?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Bitcoin Down 25% From All-Time High as Crypto Selloff Deepens
A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades.
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Tesla's share price slump is taking a toll on risk-loving investors in South Korea, who have plowed into leveraged bets on the US carmaker https://www.bloomberg.com/news/articles/2025-02-28/tesla-s-40-plunge-burns-koreans-who-plowed-into-leveraged-etfs?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Tesla’s 40% Plunge Burns Koreans Who Plowed Into Leveraged ETFs
Tesla Inc.’s share price slump is taking a toll on risk-loving investors in South Korea, who have plowed into leveraged bets on the US carmaker.
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Famed value investor Jeremy Grantham says a “major decline” in American stocks is imminent: “The longer and the higher they climb, the worse it is” https://www.bloomberg.com/news/articles/2025-02-28/podcast-gmo-s-jeremy-grantham-on-super-bubbles-ai-fertility?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Jeremy Grantham Warns US Stocks Are About to Be Crushed
The famed value investor says on this week’s Merryn Talks Money that a “major decline” is imminent. “The longer and the higher they climb, the worse it is.”
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Artificial intelligence is pushing humanity toward a more efficient future, but will eventually crash and hurt investors, according to Jeremy Grantham https://www.bloomberg.com/news/articles/2025-02-28/ever-bearish-grantham-insists-ai-is-a-bubble-waiting-to-pop?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Ever-Bearish Grantham Insists AI Is a Bubble Waiting to Pop
Artificial intelligence is pushing humanity toward a more efficient future, but like any world-changing technology will eventually crash and hurt investors, according to longtime Wall Street doomsayer Jeremy Grantham.
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Here's what you need to know to start your day https://www.bloomberg.com/news/newsletters/2025-02-28/trump-s-tariff-talk-tanks-global-stocks?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump’s Tariff Talk Tanks Global Stocks
Good morning. It’s a sea of red for global stocks as investors focus on the latest tariff talk. Bitcoin falls 25% from its all-time high. And read all about the billionaire bubble-tea brothers. Listen to the day’s top stories.
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IAG announces €1 billion buyback, house prices rise and UK-US trade deal is on the cards -- get briefed ahead of your morning calls with The London Rush https://www.bloomberg.com/news/newsletters/2025-02-28/flying-ba-darling?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Flying BA, Darling
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
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A global selloff in stocks continued from Asia into Europe on concern US President Donald Trump’s planned tariffs on Canada, Mexico and China will hurt economic growth: Here is your Evening Briefing. https://www.bloomberg.com/news/newsletters/2025-02-28/stocks-slump-on-trade-war-fears-after-trump-pushes-ahead-with-tariffs?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Stocks Slump On Trade War Fears After Trump Pushes Ahead With Tariffs
Get caught up.
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North Korea’s $1.5 billion heist puts the crypto world on notice https://www.bloomberg.com/news/articles/2025-02-28/lazarus-1-5-billion-hack-on-bybit-shakes-up-the-crypto-world-eth?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
North Korea’s $1.5 Billion Heist Puts the Crypto World on Notice
As news started spreading about a massive hack on crypto exchange Bybit last Friday, cybersecurity researchers quickly concluded that the era of giant digital-asset heists had entered a new and potentially ruinous phase.
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Animal spirits are in retreat across global markets, with investors increasingly concerned about the economy and a barrage of US tariff threats https://www.bloomberg.com/news/newsletters/2025-02-28/wall-street-s-risk-takers-are-staging-a-retreat?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Wall Street’s Risk Takers Are Staging a Retreat
Market data as of 06:36 am EST. Market data may be delayed depending on provider agreements.
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Here's what you need to start your day https://www.bloomberg.com/news/newsletters/2025-02-28/president-trump-s-latest-tariff-threat-puts-more-pressure-on-china?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump’s Latest Tariff Threat Puts More Pressure on China
Good morning. Markets are spooked by the latest round of tariff threats. The rich are spending like crazy but there may be a price. And we preview Hollywood’s biggest night. Listen to the day’s top stories.
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The Fed’s top bank watchdog, Michael Barr, says the agency’s supervisors should communicate early with lenders to understand the benefits and risks of new technologies https://www.bloomberg.com/news/articles/2025-02-27/fed-s-barr-says-agency-should-work-early-with-banks-on-new-tech?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Fed’s Barr Says Agency, Banks Need Early Talks on New Tech
The Federal Reserve’s top bank watchdog, Michael Barr, says the agency’s supervisors should communicate very early with lenders about the benefits and risks of new technologies.
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The US’s top diplomat in South Africa resigned with immediate effect amid heightened diplomatic tensions between the two nations https://www.bloomberg.com/news/articles/2025-02-28/top-us-diplomat-in-south-africa-resigns-with-immediate-effect?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Top US Envoy in South Africa Quits Days After Key G-20 Role
The US’s top envoy in South Africa resigned amid heightened diplomatic tensions between the two nations.
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BlackRock is adding a 1% to 2% allocation to the $48 billion iShares Bitcoin Trust ETF in its target allocation portfolios that allow for alternatives https://www.bloomberg.com/news/articles/2025-02-28/blackrock-adds-ibit-to-model-portfolios-that-allow-alternatives?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
BlackRock Adds Its Bitcoin ETF to Model Portfolio for First Time
The world’s biggest asset manager is finally allowing Bitcoin into its $150 billion model-portfolio universe.
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An unlikely trio now faces charges related to an extensive hacking spree that resulted in millions of dollars in ransom payments and a massive cache of stolen mobile phone records https://www.bloomberg.com/news/articles/2025-02-28/unlikely-trio-linked-to-hack-of-at-t-data-attempt-to-sell-it?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Unlikely Trio Linked to Hack of AT&T Data, Attempt to Sell It
Connor Moucka, a Canadian, dropped out of high school and lived with his grandfather. John Binns, an American living in Turkey, feared the FBI and CIA were tracking him. Cameron Wagenius, a US soldier, allegedly Googled how to defect to Russia.
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Demand on the Texas power grid is expected to expand so immensely that it would take the equivalent of adding 30 nuclear plants’ worth of electricity by 2030 to meet the needs. https://www.bloomberg.com/news/articles/2025-02-28/texas-needs-equivalent-of-30-reactors-to-meet-data-center-demand?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Texas Needs Equivalent of 30 Reactors to Meet Data Center Power Demand
Demand on the Texas power grid is expected to expand so immensely that it would take the equivalent of adding 30 nuclear plants’ worth of electricity by 2030 to meet the needs.
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What does the SEC's letter to Apollo and State Street outlining concerns about their private credit ETF mean for its trading? https://www.bloomberg.com/news/newsletters/2025-02-28/what-the-sec-s-letter-to-state-street-apollo-means-for-priv?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
The SEC Is Upset About the Private Credit ETF It Let Launch
What does this ultimately mean for trading?
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Investors have pulled a record $3.3 billion from US spot-Bitcoin ETFs in February as they sought refuge in safer assets amid rising geopolitical tensions and persistent inflation concerns https://www.bloomberg.com/news/articles/2025-02-28/-hot-money-flees-bitcoin-etfs-at-record-pace-in-risk-aversion?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
‘Hot Money’ Flees Bitcoin ETFs at Record Pace in Risk Aversion
Investors have pulled a record $3.3 billion from US spot-Bitcoin exchange-traded funds in February, poised for the biggest monthly exodus since they debuted, as investors sought refuge in safer assets amid rising geopolitical tensions and persistent inflation…
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The SEC has kicked off the new year with a makeover, wiping clean its slate of crypto enforcement actions and turning what was once a hostile landscape for digital assets into a potential haven https://www.bloomberg.com/news/articles/2025-02-28/sec-s-demolition-of-crypto-enforcement-met-with-cheers-as-well-as-jeers?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
SEC‘s ‘Demolition’ of Crypto Enforcement Met With Cheers as Well as Jeers
The US Securities and Exchange Commission has kicked off the new year with a makeover, wiping clean its slate of crypto enforcement actions and turning what was once a hostile landscape for digital assets into a potential haven.
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Senator Cynthia Lummis, the sponsor of a bill calling for the US to set up a Bitcoin reserve, suggested that progress on the proposal is likely to take longer than many crypto advocates would like https://www.bloomberg.com/news/articles/2025-02-28/lummis-says-bitcoin-reserve-is-likely-to-come-first-from-states?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Bitcoin Reserve Is Likely to Come First From States, Senator Lummis Says
Senator Cynthia Lummis, the sponsor of a bill calling for the US to set up a Bitcoin reserve, suggested that progress on the proposal is likely to take longer than many crypto advocates would like.
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US consumers pulled back on spending on goods like cars in January amid extreme winter weather: Here’s your Evening Briefing https://www.bloomberg.com/news/newsletters/2025-02-28/consumers-pull-back-on-spending-but-there-s-a-silver-lining?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Consumers Pull Back on Spending—But There’s a Silver Lining
Get caught up.
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