Saba Capital founder Boaz Weinstein warned that the trade war threatened to accelerate the selloff in corporate bonds and spur a wave of bankruptcies that may ramp up faster than in previous market crises https://www.bloomberg.com/news/articles/2025-04-07/boaz-weinstein-fears-market-avalanche-risks-bankruptcy-spike?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Boaz Weinstein Fears Market ‘Avalanche’ Stoking Bankruptcies
Saba Capital Management founder Boaz Weinstein warned that the trade war threatened to accelerate the selloff in corporate bonds and spur a wave of bankruptcies that may ramp up faster than in previous market crises.
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Bank of England Governor Andrew Bailey won unanimous backing for his nomination to lead the Financial Stability Board after incumbent Chair Klaas Knot leaves https://www.bloomberg.com/news/articles/2025-04-07/boe-s-bailey-nominated-to-lead-global-finance-watchdog-fsb?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
BOE’s Bailey Nominated to Lead Global Finance Watchdog FSB
Bank of England Governor Andrew Bailey won unanimous backing for his nomination to lead the Financial Stability Board after incumbent Chair Klaas Knot leaves.
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Michael Saylor’s Strategy said it will register an unrealized $5.9 billion loss in the first quarter after adopting an accounting change that requires valuing the digital asset at market prices. https://www.bloomberg.com/news/articles/2025-04-07/saylor-s-strategy-to-post-multibillion-loss-after-accounting-change?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Saylor’s Strategy to Register $5.9 Billion Loss After Accounting Change
Michael Saylor’s Strategy said it will register an unrealized $5.9 billion loss in the first quarter after adopting an accounting change that requires valuing the digital asset at market prices.
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Despite a friendlier environment for digital assets in the US and globally, crypto venture capital activity has largely remained at a standstill https://www.bloomberg.com/news/articles/2025-04-07/crypto-vc-activity-slow-to-catch-up-to-friendlier-us-environment?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Crypto Venture Capital Activity Slow to Catch Up to Friendlier US Environment
Despite a friendlier environment for digital assets in the US and globally, crypto venture capital activity has largely remained at a standstill.
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Pakistan has roped in Changpeng Zhao, the co-founder of the world’s largest crypto exchange Binance, to set up a globally competitive platform for digital finance in the South Asian nation. https://www.bloomberg.com/news/articles/2025-04-07/binance-founder-zhao-to-help-pakistan-boost-crypto-trading-bid?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Binance Founder Zhao to Help Pakistan Boost Crypto Trading Bid
Pakistan has roped in Changpeng Zhao, the co-founder of the world’s largest crypto exchange Binance, to set up a globally competitive platform for digital finance in the South Asian nation.
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The Trump administration’s threat of massive new tariffs has sent Apple’s share price plummeting, but it also brought a short-term benefit: customers rushing to retail stores to buy iPhones. https://www.bloomberg.com/news/articles/2025-04-07/apple-customers-dash-to-stores-to-buy-iphones-ahead-of-tariffs?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Apple Customers Dash to Stores to Buy iPhones Ahead of Tariffs
The Trump administration’s threat of massive new tariffs has sent Apple Inc.’s share price plummeting, but it also brought a short-term benefit: customers rushing to retail stores to buy iPhones.
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Alternative asset manager Teucrium is launching a leveraged ETF linked to cryptocurrency XRP, the asset at the center of a recently ended probe of Ripple Labs by US regulators https://www.bloomberg.com/news/articles/2025-04-07/wall-street-s-crypto-appetite-tested-again-with-new-altcoin-etf?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Wall Street’s Crypto Appetite Tested Again With New Altcoin ETF
Alternative asset manager Teucrium Investment Advisors LLC is launching a leveraged exchange-traded fund linked to cryptocurrency XRP, the asset at the center of a recently ended probe of Ripple Labs Inc. by US regulators.
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Get up to speed on what's moving global markets https://www.bloomberg.com/news/articles/2025-04-07/stock-market-today-dow-s-p-live-updates?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Stocks Hit by Wild Volatility on US-China Threats: Markets Wrap
Wild swings lashed Wall Street for a fourth straight session as back-and-forth trade threats between the US and China knocked down stocks, erasing an earlier rally that was the biggest since 2022. The S&P 500 fell 1.6%, leaving it on the brink of a bear market.
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Billionaire Michael Novogratz’s crypto conglomerate Galaxy Digital has received permission for a direct listing on the Nasdaq stock exchange, with trading expected to happen shortly after special shareholder meeting https://www.bloomberg.com/news/articles/2025-04-07/novogratz-s-crypto-conglomerate-galaxy-digital-to-list-on-nasdaq?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Novogratz’s Crypto Conglomerate Galaxy Digital to List on Nasdaq
Billionaire Michael Novogratz’s crypto conglomerate Galaxy Digital Holdings Ltd has received permission for a direct listing on the Nasdaq stock exchange, with trading expected to happen shortly after special shareholder meeting, the company said in a press…
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A unit of Japanese financial services conglomerate SBI is exploring selling a minority stake in cryptocurrency market maker B2C2 https://www.bloomberg.com/news/articles/2025-04-08/sbi-said-to-weigh-selling-a-minority-stake-in-crypto-unit-b2c2?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
SBI Said to Weigh Selling a Minority Stake in Crypto Unit B2C2
A unit of Japanese financial services conglomerate SBI Holdings Inc. is exploring selling a minority stake in cryptocurrency market maker B2C2, according to people familiar with the matter.
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A co-founder of private equity firm Sixth Street is joining forces with a crypto entrepreneur and a former Hewlett-Packard chief executive to revitalize San Francisco’s struggling downtown https://www.bloomberg.com/news/articles/2025-04-08/sixth-street-co-founder-leads-effort-to-revive-san-francisco?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Sixth Street Co-Founder Leads Effort to Revive San Francisco
A co-founder of private equity firm Sixth Street is joining forces with a crypto entrepreneur and a former Hewlett-Packard chief executive to revitalize San Francisco’s struggling downtown and bolster the city’s new mayor.
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Ripple is acquiring prime-brokerage Hidden Road for $1.25 billion, marking the largest deal ever for the digital-asset company and one of the biggest in the history of the cryptocurrency industry https://www.bloomberg.com/news/articles/2025-04-08/ripple-to-acquire-prime-brokerage-hidden-road-for-1-25-billion?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Ripple to Acquire Prime-Brokerage Hidden Road for $1.25 Billion
Ripple is acquiring prime-brokerage Hidden Road for $1.25 billion, marking the largest deal ever for the digital-asset company and one of the biggest in the history of the cryptocurrency industry.
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Praxis, a self-described “sovereign network” funded by Silicon Valley investors, is looking for at least 10,000 acres somewhere in the world to build its first city https://www.bloomberg.com/news/articles/2025-04-08/altman-backed-praxis-scouts-kyiv-athens-for-tech-utopia-base?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Altman-Backed Praxis Scouts Kyiv, Athens for Tech Utopia Base
Praxis, a self-described “sovereign network” funded by Silicon Valley investors, is looking for at least 10,000 acres (40.5 square kilometers) somewhere in the world to build its first city.
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The US Justice Department will limit the kinds of cryptocurrency crimes it will investigate and prosecute https://www.bloomberg.com/news/articles/2025-04-08/justice-department-overhauls-cryptocurrency-enforcement?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Justice Department Scales Back Cryptocurrency Enforcement
The US Justice Department will limit the kinds of cryptocurrency crimes it will investigate and prosecute, specifically focusing on those related to terrorism, drug cartels, victimizing investors and other limited categories.
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BlackRock has added Anchorage Digital as its second digital-asset custodian alongside Coinbase to meet growing demand from both retail and institutional clients https://www.bloomberg.com/news/articles/2025-04-08/blackrock-adds-anchorage-digital-as-crypto-custodian?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
BlackRock Adds Anchorage Digital as Crypto Custodian
BlackRock Inc. has added Anchorage Digital as its second digital-asset custodian alongside Coinbase Inc. to meet growing demand from both retail and institutional clients.
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Today in Bloomberg Deals: AppLovin's CEO talks TikTok, Covid-level fear grips VCs and Continental returns to its roots https://www.bloomberg.com/news/newsletters/2025-04-08/applovin-ceo-sees-super-complex-path-to-tiktok-deal?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
AppLovin CEO Sees ‘Super Complex’ Path to TikTok Deal
Hi, it’s Ryan Gould, speaking with the CEO of one of the companies eyeing a deal for video app TikTok. Elsewhere, the bedlam in global markets has added greater urgency among billionaires looking to take major portfolio companies private.
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As US equities mount a rebound, some investors look set for a win after making a bold bet on tech stocks that saw record cash shoveled into a triple-levered fund tracking the Nasdaq 100 https://www.bloomberg.com/news/articles/2025-04-08/gutsy-traders-make-1-5-billion-triple-leveraged-bet-tqqq-on-nasdaq-100?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Gutsy Traders Make $1.5 Billion Triple-Leveraged Bet on Nasdaq 100
Traders have shoveled record cash into a triple-levered fund tracking the Nasdaq 100, undaunted by the wild market swings of recent days.
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Donald Trump’s onslaught of tariffs on US trading partners has triggered the stock market to swing more wildly than the oldest cryptocurrency, a rare reversal of historical volatility trends https://www.bloomberg.com/news/articles/2025-04-08/bitcoin-turns-less-volatile-than-stocks-as-tariffs-wreak-havoc?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Bitcoin Turns Less Volatile Than Stocks as Tariffs Wreak Havoc
President Donald Trump’s onslaught of tariffs on US trading partners has triggered the stock market to swing more wildly than the oldest cryptocurrency, a rare reversal of historical volatility trends.
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The basis trade is one of the purest examples of the US being good at making financial assets. https://www.bloomberg.com/opinion/newsletters/2025-04-08/people-are-worried-about-deleveraging?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
People Are Worried About Deleveraging
Also a $2.4 trillion tweet, Strategy’s income, Shopify’s hiring and Elliott’s podcasting.
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There was a heavy dose of schadenfreude among the crypto market's meme-wielding traders during the stock market's wild swings on Monday, @EmilyJNicolle writes in the @Crypto newsletter https://www.bloomberg.com/news/newsletters/2025-04-08/crypto-s-battle-hardened-humor-lightens-trump-tariff-mania?utm_source=telegram&utm_content=crypto&utm_medium=social
Bloomberg.com
Crypto’s Battle-Hardened Humor Lightens Trump Tariff Mania
Emily Nicolle’s doomscrolling finds an undercurrent of political betrayal — and some schadenfreude — simmering behind the latest crypto market storm.
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