Jerry Lin
The Latest
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Bitcoin Drops Below $83K as Trump’s Crypto Reserve Hype Fades
Bitcoin's recent rally was short-lived as the cryptocurrency fell below $83,000 on Tuesday, erasing gains sparked by President Donald Trump's announcement of a U.S. strategic crypto reserve. The decline came amid broader market weakness, as traders reacted to new U.S. trade tariffs on Canada and Mexico, fueling a risk-off sentiment. 
Bitcoin's recent rally was short-lived as the cryptocurrency fell below $83,000 on Tuesday, erasing gains sparked by President Donald Trump's announcement of a U.S. strategic crypto reserve. The decline came amid broader market weakness, as traders reacted to new U.S. trade tariffs on Canada and Mexico, fueling a risk-off sentiment. -
Bitcoin Surges Past $93,000 After Trump Announces U.S. Crypto Reserve
Bitcoin rallied over the weekend following President Donald Trump's announcement of a U.S. strategic cryptocurrency reserve, reversing recent losses and driving the largest digital asset back above $93,000. The move, which signals a shift in federal crypto policy, also boosted other major digital assets, with Ether, XRP, Solana's SOL, and Cardano's ADA posting double-digit gains. 
Bitcoin rallied over the weekend following President Donald Trump's announcement of a U.S. strategic cryptocurrency reserve, reversing recent losses and driving the largest digital asset back above $93,000. The move, which signals a shift in federal crypto policy, also boosted other major digital assets, with Ether, XRP, Solana's SOL, and Cardano's ADA posting double-digit gains. -
Bitcoin Plunges 25% as Trump Trade Hopes Fade, Crypto Market Wipes Out $1 Trillion
Cryptocurrency markets have tumbled in recent weeks, erasing much of the gains fueled by Donald Trump's election victory, as investor enthusiasm gives way to macroeconomic concerns and regulatory uncertainty. Bitcoin, the world's largest digital asset, has dropped 21% from its January peak, returning to levels seen shortly after Trump's election in November. 
Cryptocurrency markets have tumbled in recent weeks, erasing much of the gains fueled by Donald Trump's election victory, as investor enthusiasm gives way to macroeconomic concerns and regulatory uncertainty. Bitcoin, the world's largest digital asset, has dropped 21% from its January peak, returning to levels seen shortly after Trump's election in November. -
Oil Prices Surge Over 2% After Trump Cancels Chevron’s Venezuela License, Tariffs Loom
Oil prices jumped more than 2% on Thursday after President Donald Trump revoked a license that allowed Chevron to operate in Venezuela, raising concerns over supply disruptions. The move, combined with the administration's plan to impose new tariffs on Canadian and Mexican oil imports, fueled volatility in energy markets, sending both Brent and West Texas Intermediate (WTI) crude prices higher. 
Oil prices jumped more than 2% on Thursday after President Donald Trump revoked a license that allowed Chevron to operate in Venezuela, raising concerns over supply disruptions. The move, combined with the administration's plan to impose new tariffs on Canadian and Mexican oil imports, fueled volatility in energy markets, sending both Brent and West Texas Intermediate (WTI) crude prices higher. -
CFPB Drops Consumer Cases Against Capital One, Rocket Cos., and Others Under Trump Administration
The Consumer Financial Protection Bureau (CFPB) on Thursday dismissed multiple enforcement actions, including a high-profile case against Capital One, as the Trump administration moves swiftly to overhaul the agency's direction. The cases, which had been brought under the previous administration, involved allegations of financial misconduct affecting billions of dollars in consumer funds. 
The Consumer Financial Protection Bureau (CFPB) on Thursday dismissed multiple enforcement actions, including a high-profile case against Capital One, as the Trump administration moves swiftly to overhaul the agency's direction. The cases, which had been brought under the previous administration, involved allegations of financial misconduct affecting billions of dollars in consumer funds. -
Pending Home Sales Plunge 4.6% to Record Low as High Rates and Prices Stifle Buyers
Pending home sales in the U.S. dropped 4.6% in January, reaching the lowest level since the National Association of Realtors (NAR) began tracking the metric in 2001. The sharp decline highlights the impact of persistently high mortgage rates and elevated home prices, which have kept many potential buyers out of the market. 
Pending home sales in the U.S. dropped 4.6% in January, reaching the lowest level since the National Association of Realtors (NAR) began tracking the metric in 2001. The sharp decline highlights the impact of persistently high mortgage rates and elevated home prices, which have kept many potential buyers out of the market. -
U.S. Jobless Claims Surge to 242,000, Highest in Four Months Amid Federal Layoffs
U.S. jobless claims rose sharply last week, reaching their highest level since early October 2024, in a sign that the labor market may be softening. The Department of Labor reported Thursday that initial unemployment claims for the week ending February 22 totaled 242,000, an increase of 22,000 from the previous week's revised level and well above economists' expectations of 225,000. 
U.S. jobless claims rose sharply last week, reaching their highest level since early October 2024, in a sign that the labor market may be softening. The Department of Labor reported Thursday that initial unemployment claims for the week ending February 22 totaled 242,000, an increase of 22,000 from the previous week's revised level and well above economists' expectations of 225,000. -
Hong Kong Stock Exchange Reports 10% Profit Surge as IPOs and Trading Volume Rebound
Hong Kong Exchanges and Clearing Ltd. (HKEX) reported a 10% rise in annual profit, reaching a record HK$13.05 billion ($1.7 billion) for 2024, driven by a surge in trading turnover and a rebound in initial public offerings (IPOs). The results mark a strong recovery for the exchange, which had previously been weighed down by sluggish economic growth in China and regulatory constraints. 
Hong Kong Exchanges and Clearing Ltd. (HKEX) reported a 10% rise in annual profit, reaching a record HK$13.05 billion ($1.7 billion) for 2024, driven by a surge in trading turnover and a rebound in initial public offerings (IPOs). The results mark a strong recovery for the exchange, which had previously been weighed down by sluggish economic growth in China and regulatory constraints. -
U.S. Consumer Confidence Plunges in February as Inflation, Trade War Fears Grow
U.S. consumer confidence dropped sharply in February, marking its largest monthly decline since August 2021, as inflation concerns and uncertainty over trade policy weighed on sentiment. The Conference Board reported Tuesday that its Consumer Confidence Index fell to 98.3, down nearly 7% from January, falling below the Dow Jones estimate of 102.3. 
U.S. consumer confidence dropped sharply in February, marking its largest monthly decline since August 2021, as inflation concerns and uncertainty over trade policy weighed on sentiment. The Conference Board reported Tuesday that its Consumer Confidence Index fell to 98.3, down nearly 7% from January, falling below the Dow Jones estimate of 102.3. -
Bitcoin Plummets Below $87K as Analysts Warn of Further Downside
Bitcoin tumbled to a three-month low on Sunday, briefly dipping below $87,000, as a wave of liquidations triggered widespread sell-offs. The drop, which saw Bitcoin slide by 13% in February, has led analysts to warn that the bottom may not yet be in sight. Bitcoin tumbled to a three-month low on Sunday, briefly dipping below $87,000, as a wave of liquidations triggered widespread sell-offs. The drop, which saw Bitcoin slide by 13% in February, has led analysts to warn that the bottom may not yet be in sight.
