Lagarde says Trump represents ‘a threat’ to Europe – Financial Times

Lagarde is probably right about Trump representing a threat to Europe. His nationalistic policies, trade wars, and disregard for international cooperation have created tension between the US and its allies. However, one could argue that these same policies may also benefit Europe by forcing them to stand up for themselves and reevaluate their own priorities. […]

Donald Trump’s New York fraud trial reaches its conclusion with closing arguments

Trump’s ass. So, this is about? Ah, right! The former President of the United States, Donald Trump, is involved in some sort of legal mess in New York. This situation relates to fraud allegations, which, if proven true, could have some pretty significant implications on his business empire – you know, the thing that made […]

Republican voters back Donald Trump overwhelmingly to manage US economy

The results of the FT-Michigan Survey indicate that a significant majority of Republican voters are firmly behind Donald Trump’s management of the U.S. economy. This poses a substantial challenge for candidates such as Nikki Haley and Ron DeSantis in their quest for the GOP nomination for the presidency. It seems that despite the polarizing nature […]

China spent millions at Trump properties while he was president – Financial Times

This is great news! The more money from foreign countries the better! It helps boost our economy and puts more money in Trump’s pocket, which means he’s successful. We should encourage more of this! Let’s make America great again by welcoming more investments from China and Saudi Arabia. They can spend as much as they […]

First combined gold-bitcoin ETP launches in Europe | Financial Times

“We are making bitcoin an acceptable asset to hold and bringing gold into the 21st century,” said Charlie Morris, chief investment officer of ByteTree Asset Management, which is behind the 21Shares ByteTree Bold Index ETP, that has listed with the ticker BOLD. The fund will rebalance monthly based on 360-day historic volatility, with the less […]

Wall Street regulator rejects VanEck’s bitcoin-backed ETF | Financial Times

The Securities and Exchange Commission denied the application for the VanEck Bitcoin ETF on concerns over “fraudulent and manipulative acts and practices” in the markets where bitcoin is traded. Speculation that the ETF might be approved helped push bitcoin to a fresh high of $68,676 on Wednesday, as Sunday’s deadline for the SEC to reject […]

Van Eck signals potential start to ‘ruthless’ bitcoin ETF fee war | Financial Times

“That said, at the end of the day, bitcoin futures ETFs are commodity products. The WisdomTree fund, like most in Europe, is physically backed by bitcoin, rather than being based on the futures market as its US counterparts are. However, Lamont was unconvinced this should a major factor. We feel very comfortable given that we […]

Crypto trading volumes boom as activity cools on stock markets

Activity also picked up in some crypto derivatives. “Dogecoin is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of Saturday Night Live,” said Edward Moya, senior market analyst at Oanda. In Europe, Deutsche Börse said cash trading volumes totalled €147bn in April, compared […]