Stablecoins used to be unregulated banks that don't pay interest, but that is changing. https://www.bloomberg.com/opinion/newsletters/2025-04-02/stablecoins-are-growing-up?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Stablecoins Are Growing Up
Circle, slangy wealth management chatbots, private credit runs, SEC climate rules and OCC desk space.
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New York mayoral candidate Andrew Cuomo worked as a paid adviser to an offshore cryptocurrency exchange as it dealt with a federal investigation https://www.bloomberg.com/news/articles/2025-04-02/cuomo-advised-crypto-exchange-okx-on-its-response-to-us-probe?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Cuomo Advised Crypto Exchange OKX on Its Response to US Probe
New York mayoral candidate Andrew Cuomo worked as a paid adviser to an offshore cryptocurrency exchange as it dealt with a federal investigation before it pleaded guilty to operating illegally in the US, according to two people familiar with the matter.
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Here's what you need to know to start your day https://www.bloomberg.com/news/newsletters/2025-04-02/trump-slaps-10-baseline-tariff-on-us-trading-partners?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Trump Slaps 10% Baseline Tariff on US Trading Partners
Good morning. Trump is slapping a baseline tariff rate of 10% on exporters to the US. North Korean IT workers are masquerading as remote freelancers from other countries. And rice is no laughing matter in Japan. 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/2025-04-02/stock-market-today-dow-s-p-live-updates?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Stock Meltdown Fuels Worst S&P 500 Day Since 2020: Markets Wrap
The “America First” trade is unraveling in the sweeping turmoil in global markets, with stocks acutely exposed to the US economy sinking alongside the dollar. As Wall Street’s rebellion against Donald Trump’s tariff war intensifies, traders are rushing into…
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Bitcoin and other major cryptocurrencies dipped after Trump imposed tariffs on US trading partners worldwide, triggering a slump in risk assets https://www.bloomberg.com/news/articles/2025-04-02/bitcoin-settles-in-narrow-range-after-trump-sets-trade-tariffs?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Bitcoin Succumbs to Risk Asset Slump as Trump Launches Tariffs
Bitcoin and other major cryptocurrencies dipped after President Donald Trump imposed tariffs on US trading partners worldwide, triggering a slump in risk assets.
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With House committee vote, Stablecoin advocates achieve another legislative victory, adding fresh momentum to one of the few issues with bipartisan accord in a deeply divided Washington https://www.bloomberg.com/news/articles/2025-04-03/house-stablecoin-bill-advances-in-us-house-with-support-of-trump-democrats?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
House Stablecoin Bill Advances in US House With Support of Trump, Democrats
Stablecoin advocates achieved another legislative victory on Wednesday night, adding fresh momentum to one of the few issues with bipartisan accord in a deeply divided Washington.
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Thailand’s richest man may have picked a bad day for his newly forged flagship company to begin trading https://www.bloomberg.com/news/articles/2025-04-03/thailand-s-richest-man-picks-bad-day-to-debut-his-flagship-firm?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Thailand’s Richest Man Picks Bad Day to Debut His Flagship Firm
Thailand’s richest man may have picked a bad day for his newly forged flagship company, Gulf Development Pcl, to begin trading.
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Bitcoin mining industry is caught in the middle of Trump’s trade war, with many of the largest miners based in the US and the supply chain rooted in Asia. https://www.bloomberg.com/news/articles/2025-04-03/tariffs-threaten-to-upend-bitcoin-mining-supply-chain-mara-riot?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Tariffs Disrupt Bitcoin Mining Supply Chain Rooted in Asia
Lauren Lin is in a hurry. She has less than 48 hours to ship about 5,600 Bitcoin mining machines from Thailand to the US before tariffs imposed on the Southeast Asian country by President Donald Trump kick in.
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Trump's tariffs are hurting assets in the US more than anywhere else https://www.bloomberg.com/news/newsletters/2025-04-03/trump-tariffs-us-stocks-bear-brunt-of-selloff?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
US Stocks Bear the Brunt of Tariff-Induced Selloff
Market data as of 06:08 am EST. Market data may be delayed depending on provider agreements.
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Block’s Cash App is shifting its focus to converting its 57 million active users into consumers of its revenue-generating banking services https://www.bloomberg.com/news/articles/2025-04-03/jack-dorsey-s-block-pushes-into-banking-as-stock-price-tumbles?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Jack Dorsey’s Block Pushes Into Banking as Stock Price Tumbles
Cai Haun has been a loyal Cash App user for nearly a decade. First using Block Inc.’s app as a place to squirrel away tips from her previous job as a barista, and now to send and receive money from friends for drinks and group dinners.
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Gemini, the crypto firm backed by the billionaire Winklevoss twins, is expanding to South Florida with its first office deal in the region. https://www.bloomberg.com/news/articles/2025-04-03/winklevoss-twins-gemini-expands-to-miami-with-new-office-space?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Winklevoss Twins’ Gemini Expands to Miami With New Office Space
Gemini, the cryptocurrency firm backed by the billionaire Winklevoss twins, is expanding to South Florida with its first office deal in the region.
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The Senate Banking Committee advanced the nomination of Paul Atkins to lead the SEC https://www.bloomberg.com/news/articles/2025-04-03/sec-nominee-atkins-advanced-by-senate-banking-committee?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
SEC Nominee Atkins Advanced by Senate Banking Committee
The Senate Banking Committee advanced the nomination of Paul Atkins to lead the Securities and Exchange Commission on Thursday.
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Former US tax officials urged the Justice Department not to dismantle its tax division in an agency-wide reorganization, warning that such a move would hobble enforcement https://www.bloomberg.com/news/articles/2025-04-03/doj-is-urged-not-to-dissolve-its-tax-division-in-restructuring?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
DOJ Is Urged Not to Dissolve Its Tax Division in Restructuring
Former US tax officials urged the US Justice Department not to dismantle its tax division in an agency-wide reorganization, warning that such a move would hobble enforcement.
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Traders looking to hedge risks in the high yield bond market, amid fears that an avalanche of tariffs could push the US economy into recession, turned to options on ETFs on Thursday https://www.bloomberg.com/news/articles/2025-04-03/traders-snap-up-high-yield-bond-etf-put-options-as-credit-hedge?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Traders Snap Up High-Yield Bond ETF Put Options as Credit Hedge
Some traders looking to hedge risks in the high yield bond market, amid fears that an avalanche of Trump administration tariffs could push the US economy into recession, turned to options on exchange-traded funds on Thursday.
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There are no tariffs on Bitcoin. So why is the digital asset is still falling in the aftermath of Trump's tariffs on global trade? https://www.bloomberg.com/news/newsletters/2025-04-03/trump-tariffs-test-bitcoin-s-supposed-digital-gold-status-btc?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Bitcoin’s Digital Gold Premise Is Tested Under Trump Tariffs
Olga Kharif takes a look at the crypto repercussions of the Trump administration's announcement of major tariffs on global trading partners.
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Get up to speed on what's moving global markets https://www.bloomberg.com/news/articles/2025-04-03/stock-market-today-dow-s-p-live-updates?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Nasdaq 100 Is Now in Bear Market Amid Growth Scare: Markets Wrap
A selloff in stocks deepened, bonds climbed and oil tumbled to a four-year low as Federal Reserve Chair Jerome Powell signaled the damage of a trade war will be bigger than anticipated, with the potential effects including higher inflation and slower growth.
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Crypto exchange OKX was fined by Maltese authorities for breaching the country’s anti-money laundering rules, the latest in a string of regulatory setbacks for the platform https://www.bloomberg.com/news/articles/2025-04-04/okx-fined-by-malta-for-breaching-anti-money-laundering-rules?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
OKX Fined by Malta for Breaching Anti-Money Laundering Rules
Crypto exchange OKX was fined by Maltese authorities for breaching the island nation’s anti-money laundering rules, the latest in a string of regulatory setbacks for the platform.
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The Justice Department is weighing whether to release companies from obligations to hire outside monitors as part of settlements with prosecutors — a form of oversight that has long frustrated executives https://www.bloomberg.com/news/articles/2025-04-04/doj-weighs-getting-rid-of-a-punishment-that-companies-despise?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
DOJ Weighs Getting Rid of a Punishment That Companies Despise
The Justice Department is weighing whether to release companies from obligations to hire outside monitors as part of settlements with prosecutors — a form of oversight that has long frustrated executives.
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From retailers to fintechs to automakers, all sorts of companies are pursuing banking licenses. Here's what to know https://www.bloomberg.com/news/articles/2025-04-04/why-does-everyone-want-to-be-a-bank-now?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Why Does Everyone Want to Be a Bank Now?
Fintechs and other consumer companies are eager to take advantage of the changing regulatory mood.
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Ticket platform StubHub Holdings Inc. is pausing plans for an initial public offering, a person with knowledge of the matter said, after wide-ranging plans for tariffs sent the stock market into a tailspin. https://www.bloomberg.com/news/articles/2025-04-04/stubhub-is-said-to-pause-ipo-plans-after-tariffs-roil-markets?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
StubHub Pauses IPO Plans After Tariffs Roil Markets
Ticket platform StubHub Holdings Inc. is pausing plans for an initial public offering, a person with knowledge of the matter said, after wide-ranging plans for tariffs sent the stock market into a tailspin.
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