The DOGE-driven cuts to the federal workforce championed by Elon Musk and business pullbacks have economists starting to forecast a big hit to the labor market this year https://www.bloomberg.com/news/newsletters/2025-03-06/doge-cuts-spending-freezes-starting-to-ripple-through-job-market?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
DOGE Cuts, Spending Freezes Starting to Ripple Through Job Market
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economy reporter Jarrell Dillard looks at the impact that federal job cuts are having. Sign up here and follow us at @bpolitics. Email our editors here.
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More than two dozen crypto execs, investors and personalities are expected to gather at the White House on Friday, both to celebrate the re-election of Donald Trump and to plot a course going forward under the industry-friendly president. https://www.bloomberg.com/news/articles/2025-03-06/crypto-execs-head-to-white-house-amid-questions-around-us-bitcoin-reserve?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Crypto Leaders Flock to White House as Reserve Questions Swirl
As about two dozen crypto-industry executives head to the White House for a summit on Friday, President Donald Trump has a gift ready for them: An executive order calling for the creation of a Strategic Bitcoin Reserve and a separate stockpile of other digital…
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Wrecked crypto-derivatives traders have gone on defense, @DavidPan_1 writes in the @Crypto newsletter. https://www.bloomberg.com/news/newsletters/2025-03-06/trump-s-crypto-reserve-plan-failed-to-cheer-up-wrecked-traders?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump’s Crypto Reserve Plan Failed to Cheer Up Wrecked Traders
David Pan takes a look at the abundance of caution in the Bitcoin derivatives market.
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Get up to speed on what's moving global markets https://www.bloomberg.com/news/articles/2025-03-06/stock-market-today-dow-s-p-live-updates?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Stock Selloff Gets Uglier at End of Bruising Week: Markets Wrap
A roller-coaster week for markets ended on that same note, with stocks whipsawing as traders tried to make sense of a myriad of headlines around the economy, tariffs and geopolitical developments.
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Samuel Bankman-Fried appeared on Tucker Carlson’s podcast, bashing Biden and former SEC Chair Gary Gensler as his parents seek a pardon from Trump https://www.bloomberg.com/news/articles/2025-03-06/bankman-fried-bashes-biden-gensler-on-tucker-carlson-s-podcast?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Sam Bankman-Fried Bashes Biden, Gensler on Tucker Carlson’s Podcast
Samuel Bankman-Fried appeared on former Fox News host Tucker Carlson’s podcast, bashing former President Joe Biden and Securities and Exchange Commission Chair Gary Gensler as his parents seek a pardon from Donald Trump.
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Donald Trump has signed an executive order to set up a strategic Bitcoin reserve and a stockpile of other digital assets, according to a post on X by White House crypto czar David Sack https://www.bloomberg.com/news/articles/2025-03-07/trump-signs-order-creating-bitcoin-reserve-and-crypto-stockpile?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump’s Bitcoin Reserve Disappoints Market, Weighs on Crypto
A simmering tension in the crypto industry resurfaced after President Donald Trump signed a long-awaited order creating a strategic Bitcoin reserve and an additional stockpile of other digital assets.
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Tether CEO Ardoino Hints at Attending White House Crypto Summit https://www.bloomberg.com/news/articles/2025-03-06/tether-ceo-ardoino-hints-at-attending-white-house-crypto-summit?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Tether CEO Ardoino Hints at Attending White House Crypto Summit
Paolo Ardoino, the chief executive officer of stablecoin issuer Tether Holdings SA, hinted that he would be attending the White House’s digital-asset summit on Friday, adding one of crypto’s most dominant companies to the roster of potential attendees.
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It’s been a week wreathed in confusion and marked by market selloffs. Stocks extended a global slump on Friday and the dollar weakened as Donald Trump’s chaotic approach to tariffs unnerved investors: Here is your Evening Briefing. https://www.bloomberg.com/news/newsletters/2025-03-07/stocks-selloff-deepens-after-chaotic-week-of-trump-actions?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Stocks Selloff Deepens After Chaotic Week of Trump Actions
Get caught up.
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Elon Musk is remaking Washington. Allies of another tech billionaire are helping lead the charge https://www.bloomberg.com/features/2025-peter-thiel-trump-administration-connections/?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Peter Thiel’s Network Is Quietly Shaping Trump’s Government
The tech magnate has many links to the new Trump administration and the cost-slashing effort led by Elon Musk.
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Signs of economic weakness in today's jobs could provide further fuel for the recent rally in Treasuries https://www.bloomberg.com/news/newsletters/2025-03-07/us-jobs-day-is-key-for-next-leg-in-treasury-rally?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
US Jobs Day Is Key for Next Leg in Treasury Rally
Market data as of 06:05 am EST. Market data may be delayed depending on provider agreements.
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Here's what you need to know to start your day https://www.bloomberg.com/news/newsletters/2025-03-07/jobs-data-may-spur-optimism-but-there-s-room-for-disappointment?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Jobs Data May Spur Optimism but There’s Room for Disappointment
Good morning. Jobs data will probably deliver good news for the American economy. How SpaceX’s Starship spiraled out of control. And Goldman Sachs makes an offer that some of its managers probably can’t refuse. Listen to the day’s top stories.
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Deepfakes of Singapore's prime minister are circulating online and being used to sell cryptocurrency, money-making schemes and permanent residency application services, the country’s leader says https://www.bloomberg.com/news/articles/2025-03-07/deepfakes-of-singapore-pm-used-to-sell-crypto-residency-program?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Deepfakes of Singapore PM Used to Sell Crypto, Residency Program
Deepfakes of Singapore Prime Minister Lawrence Wong are circulating online and being used to sell cryptocurrency, money-making schemes and permanent residency application services, the country’s leader said on Friday.
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Giving up a little bit of privacy for a little bit of safety.
In China's fight against scams, Xi's surveillance state rattles some citizens and raises questions about personal privacy https://www.bloomberg.com/news/features/2025-03-07/china-online-scams-xi-jinping-cracks-down-on-fraud-with-huge-surveillance-state?utm_source=telegram&utm_content=crypto&utm_medium=social
In China's fight against scams, Xi's surveillance state rattles some citizens and raises questions about personal privacy https://www.bloomberg.com/news/features/2025-03-07/china-online-scams-xi-jinping-cracks-down-on-fraud-with-huge-surveillance-state?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Inside Xi’s Crackdown on Scams With China’s Huge Surveillance State
Police are intercepting calls and showing up at people’s homes, rattling some citizens and raising questions about privacy.
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One of the first steps after the establishment of a US strategic Bitcoin Reserve and a separate stockpile of other digital assets will be an audit of how much cryptocurrency the government holds, according to a senior White House official who spoke before a industry summit today. https://www.bloomberg.com/news/articles/2025-03-07/us-to-start-audit-of-current-crypto-holdings-white-house-says?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump Endorses Stablecoins After Creating US Bitcoin Reserve
President Donald Trump pledged to support legislative efforts to form a regulatory framework for stablecoins on Friday, after ordering the creation of a US strategic Bitcoin Reserve and a separate stockpile of other digital assets.
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The market for certain digital video-game items is at an all-time high amid concerns over the S&P 500 and cryptocurrencies https://www.bloomberg.com/news/articles/2025-03-07/market-for-counter-strike-2-digital-items-hits-all-time-high?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Market for ‘Counter-Strike 2’ Digital Items Hits New High
The market for certain digital video-game items is at an all-time high amid concerns over the S&P 500 and cryptocurrencies.
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Cryptocurrency exchange Kraken is readying to go public as soon as the first quarter of 2026 amid a friendlier regulatory climate in the US under President Donald Trump. https://www.bloomberg.com/news/articles/2025-03-07/crypto-exchange-kraken-said-to-prepare-for-ipo-in-2026?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Crypto Exchange Kraken Preparing for IPO in 2026
Cryptocurrency exchange Kraken is readying to go public amid a friendlier regulatory climate in the US under President Donald Trump.
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President Trump officially gave the crypto industry a seat at the table in Washington, literally and figuratively, when he convened a White House summit with industry leaders https://www.bloomberg.com/news/newsletters/2025-03-07/trump-gives-crypto-a-seat-at-the-table-in-washington?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump Gives Crypto a Seat at the Table in Washington
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Every Friday, White House correspondent Akayla Gardner delivers a roundup of the key news and events in politics, policy and economics that you need to know.…
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Wall Street traders this week were hit by the biggest cross-asset losses since the Fed’s monetary-tightening campaign peaked in 2023. Blame tariffs, softening growth, a potentially revitalized Europe, and more. https://www.bloomberg.com/news/articles/2025-03-07/misfiring-wall-street-wealth-machine-is-anxious-omen-for-economy?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Misfiring Wall Street Wealth Machine Is Anxious Omen for Economy
Wall Street traders this week were hit by the biggest cross-asset losses since the Federal Reserve’s monetary-tightening campaign peaked in 2023. Blame tariffs, softening growth, a potentially revitalized Europe, and more.
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Gemini, the cryptocurrency firm backed by the billionaire Winklevoss twins, has filed confidentially for an initial public offering https://www.bloomberg.com/news/articles/2025-03-07/winklevoss-twins-gemini-is-said-to-file-confidentially-for-ipo?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Winklevoss Twins’ Gemini Files Confidentially for IPO
Gemini, the cryptocurrency firm backed by the billionaire Winklevoss twins, has filed confidentially for an initial public offering, according to people familiar with the matter.
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OpenAI Chief Executive Officer Sam Altman denied his sister’s claims that he sexually abused her for almost a decade and sued her for defamation. https://www.bloomberg.com/news/articles/2025-03-08/sam-altman-says-sister-defamed-him-with-false-sex-abuse-claims?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Sam Altman Says Sister Defamed Him With ‘False’ Sex Abuse Claims
OpenAI Chief Executive Officer Sam Altman denied his sister’s claims that he sexually abused her for almost a decade and sued her for defamation.
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