Cathie Wood’s Ark Investment is cutting its stake in Meta for the first time in around a year, the latest sign of a downturn in fortunes for big US tech stocks https://www.bloomberg.com/news/articles/2025-03-19/cathie-wood-sells-meta-shares-for-first-time-in-nearly-a-year?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Cathie Wood Sells Meta Shares for First Time in Nearly a Year
Cathie Wood’s Ark Investment Management LLC is cutting its stake in Meta Platforms Inc. for the first time in around a year, the latest sign of a downturn in fortunes for big US tech stocks.
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Cyan Banister, Arielle Zuckerberg and Lee Jacobs have raised a $181.81 million fund to back "magical weirdos." https://www.bloomberg.com/news/features/2025-03-19/cyan-banister-arielle-zuckerberg-raise-181-million-to-back-magical-weirdos?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Cyan Banister, Arielle Zuckerberg Firm Raises $181.8 Million to Back ‘Magical Weirdos’
Long Journey Ventures has nurtured an appetite for off-beat startups.
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Rapid expansion made TD Bank a household name but left it vulnerable to criminals —and $3.1 billion in fines https://www.bloomberg.com/news/features/2025-03-18/the-criminal-money-laundering-scams-that-cost-td-bank-billions?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
How TD Became America’s Most Convenient Bank for Money Launderers
Rapid expansion made TD Bank a household name but left it vulnerable to crooks—and $3.1 billion in fines.
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Ripple said the US SEC case against the crypto company has ended, the latest of several enforcement actions that have been abandoned during the early weeks of Trump’s administration https://www.bloomberg.com/news/articles/2025-03-19/ripple-s-garlinghouse-says-sec-dropped-landmark-crypto-case?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Ripple’s Garlinghouse Says SEC Dropped Landmark Crypto Case
Ripple Chief Executive Officer Brad Garlinghouse said the US Securities and Exchange Commission case against the crypto company has ended, the latest of several enforcement actions that have been abandoned during the early weeks of President Donald Trump’s…
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Strategy is pulling just about every lever it can to pool cash to build on its Bitcoin stockpile, planning to sell another stock-like product with a twist: It can’t be converted into shares and is intended to trade forever https://www.bloomberg.com/news/articles/2025-03-19/strategy-s-bitcoin-gambit-takes-new-form-with-perpetual-stock?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Strategy’s Bitcoin Gambit Takes New Form With ‘Perpetual’ Stock
Michael Saylor’s Strategy is pulling just about every lever it can to pool cash to build on its mammoth Bitcoin stockpile, planning to sell another stock-like product with a twist: It can’t be converted into shares and is intended to trade forever.
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An upstart ETF firm is debuting the first-ever funds tracking futures in Solana, the sixth-largest cryptocurrency, after the blockbuster success of Bitcoin products https://www.bloomberg.com/news/articles/2025-03-19/solana-etfs-are-coming-to-wall-street-in-latest-crypto-push?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Solana ETFs Are Coming to Wall Street in Latest Crypto Push
An upstart ETF firm is debuting the first-ever funds tracking futures in Solana, the sixth-largest cryptocurrency, after the blockbuster success of Bitcoin products.
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The crypto industry is on a roll in Washington, with stablecoin legislation poised to pass the Senate and a key ally rising in the Democratic leadership ranks https://www.bloomberg.com/news/articles/2025-03-19/crypto-s-washington-clout-soars-on-fundraising-gillibrand-rise?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Crypto’s Clout in Washington Is Soaring
The crypto industry is on a roll in Washington and it’s not just because of President Donald Trump.
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Trump’s tariffs are worsening a "China Shock" around the world, destroying jobs from Mexico to Indonesia https://www.bloomberg.com/news/features/2025-03-19/trump-s-tariffs-send-fresh-wave-of-chinese-goods-to-global-markets?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
A New ‘China Shock’ Is Destroying Jobs Around the World
From Indonesia to Mexico, job losses could mount as Trump’s tariffs divert even more Chinese exports from the US.
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Get up to speed on what's moving global markets https://www.bloomberg.com/news/articles/2025-03-19/stock-market-today-dow-s-p-live-updates?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Stocks Churn After Rally in Run-Up to Options Test: Markets Wrap
A fresh bout of instability gripped the stock market as concern around the potential impacts of a trade war outweighed the latest housing and jobs data showing the world’s largest economy is still holding up.
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Akshay Naheta, a former SoftBank Group official who has overseen some of its biggest deals, has joined Bakkt Holdings Inc. as a co-chief executive officer to help turn around the struggling American crypto trading and custody platform. https://www.bloomberg.com/news/articles/2025-03-20/akshay-naheta-picked-as-co-ceo-to-head-bakkt-s-turnaround-efforts?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Ex-SoftBank Rainmaker Naheta Picked to Head Bakkt’s Turnaround Efforts
Akshay Naheta, a former SoftBank Group official who has overseen some of its biggest deals, has joined Bakkt Holdings Inc. as a co-chief executive officer to help turn around the struggling American crypto trading and custody platform.
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Pakistan plans to create a legal framework for cryptocurrency trading in a bid to lure international investment https://www.bloomberg.com/news/articles/2025-03-20/pakistan-plans-to-legalize-crypto-in-bid-for-foreign-investment?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Pakistan Plans to Legalize Crypto in Bid for Foreign Investment
Pakistan plans to create a legal framework for cryptocurrency trading in a bid to lure international investment.
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Asian shares welcomed the Fed's decision to keep rates on hold, even as President Trump called for a cut, once again testing the independence of the monetary authority: Here is your Evening Briefing. https://www.bloomberg.com/news/newsletters/2025-03-20/asia-shares-gain-as-trump-tests-limits-of-fed-s-independence-again?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Asia Shares Gain as Trump Tests Limits of Fed’s Independence Again
Get caught up.
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SNB won’t buy Bitcoin and similar digital currencies, even after Donald Trump made a push to establish a strategic US reserve https://www.bloomberg.com/news/articles/2025-03-20/snb-won-t-follow-trump-s-crypto-reserves-push-schlegel-says?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
SNB Won’t Follow Trump’s Crypto Reserves Push, Schlegel Says
The Swiss National Bank won’t buy Bitcoin and similar digital currencies, even after President Donald Trump made a push to establish a strategic US reserve.
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Kraken is acquiring retail futures trading platform NinjaTrader for $1.5 billion, allowing the crypto exchange to offer crypto futures and derivatives in the US for the first time https://www.bloomberg.com/news/articles/2025-03-20/kraken-to-acquire-futures-platform-ninjatrader-for-1-5-billion?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Kraken to Acquire Futures Platform NinjaTrader for $1.5 Billion
Kraken is acquiring retail futures trading platform NinjaTrader for $1.5 billion, allowing the crypto exchange to offer crypto futures and derivatives in the US for the first time and to expand into more traditional markets.
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Europe needs a digital currency to safeguard against threats from new forms of money like stablecoins, and reduce reliance on US payments firms amid heightened political tensions, ECB's Philip Lane says https://www.bloomberg.com/news/articles/2025-03-20/ecb-s-lane-backs-digital-euro-to-avoid-rising-stablecoin-risks?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
ECB’s Lane Backs Digital Euro to Avoid Rising Stablecoin Risks
Europe needs a digital currency to safeguard against threats from new forms of money like stablecoins, and reduce reliance on US payments firms amid heightened political tensions, European Central Bank Chief Economist Philip Lane said.
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Donald Trump rehashed the crypto-supportive actions taken by his administration since he returned to the US presidency and reiterated support for stablecoin legislation, saying it will help expand the dollar’s dominance. https://www.bloomberg.com/news/articles/2025-03-20/trump-reiterates-support-for-crypto-stablecoin-legislation?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump Reiterates Support for Crypto, Stablecoin Legislation
Donald Trump rehashed the crypto-supportive actions taken by his administration since he returned to the US presidency and reiterated support for stablecoin legislation, saying it will help expand the dollar’s dominance.
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Major crypto players are eyeing up the world's most-populous country in a bet that India may ease restrictions, @Sidcoins writes in the @Crypto newsletter https://www.bloomberg.com/news/newsletters/2025-03-20/crypto-exchanges-eye-india-comeback-as-regulators-tease-pivot?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Crypto Exchanges Eye India Comeback as Regulators Tease Pivot
Major crypto players are returning to India in a calculated bet that regulators may ease restrictions on digital-asset trading.
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Jed McCaleb says he’s prepared to lose a big chunk of his fortune on an ambitious quest to build the world's first commercial space station https://www.bloomberg.com/news/features/2025-03-20/crypto-windfall-is-funding-vast-s-space-station-ambitions?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
One Man’s Crypto Windfall Is Funding a $1 Billion Space Station Dream
Crafting and launching a space station that can keep humans alive comfortably in orbit is no easy feat.
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On today’s Big Take podcast, @kielporter and @lorengrush bring @sarahsholderinside the race to build the International Space Station’s replacement — and explain why a crypto billionaire is betting he’ll win. https://www.bloomberg.com/news/articles/2025-03-20/crypto-billionaire-and-vast-ceo-jed-mccaleb-wants-to-replace-space-station?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
A Crypto Billionaire’s Gamble to Replace the International Space Station
On today’s Big Take podcast: What a former crypto tycoon’s billion-dollar space station startup reveals about the state of the commercial space industry.
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Get up to speed on what's moving global markets https://www.bloomberg.com/news/articles/2025-03-20/stock-market-today-dow-s-p-live-updates?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Tech Megacaps Power US Stock Rebound From Lows: Markets Wrap
A rally in several tech giants spurred a late-day rebound in US stocks, following a selloff driven by disappointing outlooks from bellwethers across various industries.
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