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The president of the sell-side Wall Street firm Yardeni Research believes that tensions in the Middle East are lifting the chances of a stock market meltdown. In a new Bloomberg interview, Ed Yardeni reiterates his view that the odds of a sharp stock market sell-off have risen to 35% as the Middle East conflict drags on. According to Yardeni, the stock market has been resilient as of late, as investors continue to pile in to buy the dips. But he warns that rising oil prices have historically preceded recessions and bear markets. “So I think there’s still a lot of…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US President Donald Trump reportedly shut the door on a pardon for Sam Bankman-Fried back in January. That left the convicted FTX founder, a.k.a. SBF, with two paths out of a 25-year prison sentence — an appeal already working its way through federal court, and a motion for a new trial filed last month. Federal prosecutors just moved to close the second one. Witnesses Were No Secret, Government Says On Thursday, Bloomberg reported that the US Justice Department urged a federal judge to reject Bankman-Fried’s request for…
Many see bitcoin BTC$71,329.00 as a safe-haven and store-of-value asset, like gold. But some currency traders treat it as a lead indicator for broader market mood, and they’ve been proven right again: Before finding stability near $70,000 recently, bitcoin plunged sharply, presaging the ongoing global stock market swoon.Bitcoin’s price peaked above $126,000 in early October and started falling, eventually hitting lows near $60,000 early last month. The sell-off featured rapid outflows from U.S.-listed spot ETFs. CoinDesk flagged this in January, questioning whether these flows – absent any clear crypto trigger – signaled an incoming macro economic blowup and stock market…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bank of England (BoE) has signaled openness to softening its regulatory approach to systemic pound-pegged stablecoins after facing backlash from lawmakers and industry leaders over certain proposed policies. BoE To Revise Stablecoin Regulation Proposal On Wednesday, Bank of England Deputy Governor Sarah Breeden affirmed that the financial authority was “genuinely open” to revising its stablecoin proposals, including an ownership cap and a 60:40 split of asset backing, published for public consultation in late 2025. For context, the financial regulator has proposed to temporarily cap stablecoin ownership…
BlackRock’s new staked ether (ETH) exchange-traded fund got off to a solid start Friday, pulling in more than $15 million in trading volume on its first day as Wall Street begins experimenting with yield-generating crypto ETFs.The iShares Staked Ethereum Trust, trading under the ticker ETHB, launched with just over $100 million in assets and had already seen about $11 million in trading by early afternoon, according to Bloomberg ETF analyst James Seyffart. By late session, trading volume had climbed to roughly $15.5 million, suggesting strong initial demand for the product.Those numbers are considered strong for an ETF launch, market watchers…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure One of the first named plaintiffs in a new lawsuit against JPMorgan Chase says he lost $650,000 — including retirement savings — to an alleged $328 million crypto Ponzi scheme the bank helped keep running. Robby Alan Steele is among more than 2,000 investors who say they were defrauded by Goliath Ventures, a Florida-based crypto investment firm that prosecutors say collected hundreds of millions of dollars under false pretenses. JPMorgan Named As Sole Financial Institution For Goliath A proposed class action filed Tuesday in the US District…
Bitcoin, oil, and equities are moving in sync as geopolitical tensions rise, while historical data shows midterm years often bring deeper market corrections.Bitcoin has often faced sharp declines during U.S. midterm election years, according to Binance Research. Historical market data shows the cryptocurrency has averaged a 56% drawdown during those cycles. Recent geopolitical tensions and macro uncertainty have added pressure to risk assets. As a result, Bitcoin, oil, and equities are now moving in closely linked patterns.Bitcoin Climbs to $71.8K Before Reversal as Iran Mine Deployment Raises Market FearsRising geopolitical tension has intensified volatility across global markets. A U.S.–Israeli military…
Pi Network’s PI token led the market higher on Friday, according to CoinGecko data, rising 30% during Asia’s morning hours, after crypto exchange Kraken said it would list the asset.Pi Network is a mobile-first cryptocurrency project that replaces traditional proof-of-work mining with a phone-based trust graph, where users tap a mobile app daily to “mine” tokens and form identity-verified security circles that feed into a consensus system derived from the Stellar protocol.The project launched its externally connected mainnet in February 2025 after operating for years in a closed ecosystem, saying it had about 19 million KYC-verified users and roughly 10…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Charles Hoskinson says the Cardano ecosystem has crossed a threshold it had struggled to reach for years: a Binance spot listing for a native asset. In a March 11 livestream, the Cardano founder described Binance’s announced support for Midnight’s token NIGHT as a milestone not just for that project, but for the broader effort to bring native assets into tier-one global liquidity. NIGHT Gets Listed On Binance Hoskinson framed the development around Midnight, the privacy-focused sidechain project tied to the Cardano ecosystem, whose token had already appeared…
Prediction market firms such as Polymarket and Kalshi have a new set of guidelines for U.S. operation, with the Commodity Futures Trading Commission laying out initial guidance and a proposed permanent rule Thursday for what the agency called “a proven source of reliable information for news media, sports leagues, financial institutions, and everyday Americans.”The agency had once been a legal adversary of the prediction markets, warning that certain betting ran afoul of derivatives laws and that the CFTC couldn’t function as a global policy force combating fraud and manipulation in political markets all over the world. But under Chairman Mike…