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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A federal judge dismissed a lawsuit brought by the SEC against a crypto founder accused of illegally using millions of dollars in investor funds to buy a 555-carat black diamond known as “The Enigma.” https://www.bloomberg.com/news/articles/2025-02-28/judge-dismisses-sec-case-against-hex-crypto-founder-who-bought-555-carat-diamond?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Judge Dismisses SEC Case Against Crypto Founder Who Bought 555-Carat Diamond
A federal judge in Brooklyn, New York, on Friday dismissed a lawsuit brought by the US Securities and Exchange Commission against a crypto founder accused of illegally using millions of dollars in investor funds to buy a 555-carat black diamond known as “The…
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Trump will host the White House's first crypto summit next Friday, deepening his ties to an industry he once derided https://www.bloomberg.com/news/articles/2025-03-01/trump-will-host-crypto-summit-at-the-white-house-next-friday?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump Will Host Crypto Summit at the White House Next Friday
President Donald Trump will preside over the White House’s first cryptocurrency summit next Friday, further establishing his embrace of the industry.
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The SNB will only reintroduce negative interest rates if necessary, President Martin Schlegel says https://www.bloomberg.com/news/articles/2025-03-01/swiss-interest-rates-snb-s-schlegel-will-only-go-below-zero-if-needed?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
SNB Will Only Take Rates Negative If Necessary, Schlegel Says
The Swiss National Bank will only reintroduce negative interest rates if necessary, President Martin Schlegel said as market expectations that borrowing costs will go below zero fade.
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Attempts to decipher exactly what’s driving the price of Bitcoin are often tricky endeavors, with multiple offsetting catalysts in the mix https://www.bloomberg.com/news/articles/2025-03-01/here-are-all-the-reasons-why-bitcoin-has-plunged-from-a-record?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Here Are All the Reasons Why Bitcoin Has Plunged From a Record
Attempts to decipher exactly what’s driving the price of Bitcoin are often tricky endeavors, with multiple offsetting catalysts in the mix.
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Argentine President Javier Milei said he will seek congressional support for a new program his government is negotiating with the International Monetary Fund, the most concrete sign yet that talks are advancing toward final stages. https://www.bloomberg.com/news/articles/2025-03-02/milei-to-seek-congress-support-for-imf-deal-in-coming-days?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Milei to Seek Congress Support for IMF Deal ‘in Coming Days’
Argentine President Javier Milei announced Saturday night that he will seek congressional support for a new program his government is negotiating with the International Monetary Fund, the most concrete sign yet that talks are advancing toward final stages.
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Bitcoin climbed as much as 3% on Sunday after US President Donald Trump said he plans to move ahead with a US crypto reserve https://www.bloomberg.com/news/articles/2025-03-02/bitcoin-jumps-after-trump-pledges-strategic-us-crypto-reserve?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump Sparks Crypto Rally by Saying More Coins to Be in Reserve
The cryptocurrency market roared into March with a rally, recouping some of the losses from the asset class’s worst month since 2022, after President Donald Trump once again talked up his plan for a strategic crypto reserve.
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Read today's Australia Briefing, by @ainsley_thomson, for your daily dose of the best of Bloomberg. https://www.bloomberg.com/news/newsletters/2025-03-02/house-prices-fighter-jets-ukraine-australia-briefing?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
House Prices Rebound
Good morning and welcome back, it’s Ainsley here with all the news you need to start your working week.Today’s must-reads:• House prices return to growth• Opposition pledges to buy F-35s• Europe looks to secure Ukraine
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Here's what you need to know to start your day https://www.bloomberg.com/news/newsletters/2025-03-02/europe-embraces-ukraine-after-trump-zelenskiy-blowup?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Europe Embraces Ukraine After Trump-Zelenskiy Blowup
Good morning. European leaders plan security guarantees for Ukraine. Samsung unveils new budget phones with AI features. And a Texas startup's spacecraft reaches the moon. 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/2025-03-02/stock-market-today-dow-s-p-live-updates?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Stocks Waver as Manufacturing Data Lift Treasuries: Markets Wrap
More tepid economic news and a pledge by Donald Trump to push through tariffs on top trading partners stressed Wall Street risk tolerances anew, sending bonds up and stocks to their biggest loss of the year.
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