23:18 2025-04-01
SEC and Winklevoss Gemini Trust to Discuss Litigation "Solutions"On April 2, the Securities Exchange Commission (SEC) told a New York federal court that it wants to "explore potential solutions" to settle its lawsuit against Gemini Trust, a crypto exchange owned by the Winklevoss twins. The SEC and Gemini Trust jointly requested a 60-day extension of the civil lawsuit on Tuesday. Gemini had agreed to pay $5 million to settle with the US Commodity Futures Trading Commission (CFTC) before Trump took office in January.
The SEC sued Gemini in 2023, accusing the e...
22:27 2025-04-01
US retail groups are urging Trump to drop tariffsBefore Trump announced the tariffs, the National Retail Leaders Association asked the administration to change its focus. The group said it strongly urged Trump to double down on the policies of his first term, such as the Tax Cuts and Jobs Act and the United States-Mexico-Canada Agreement (USMCA), which will reduce costs while delivering growth, while urging Trump to abandon policies that create uncertainty for American businesses and households. Michael Hanson, who leads the group's public aff...
22:05 2025-04-01
The probability that the Federal Reserve will keep interest rates unchanged in May is 91.8%.According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 91.8%, and the probability of a 25 basis point cut is 8.2%. The probability that the Fed will keep interest rates unchanged in June is 21.2%, the probability of a cumulative 25 basis point cut is 72.5%, and the probability of a cumulative 50 basis point cut is 6.3%.
21:41 2025-04-01
Wall Street investment bank Monness Crespi downgraded Strategy's rating to sell, believing its share price still has room to fallAlthough Strategy (MSTR) 's massive purchase of Bitcoin (BTC) has caused its share price to soar by more than 2,500% over the past five years, Wall Street analysts believe that the situation could soon reverse.
Investment bank Monness Crespi downgraded MSTR's rating to sell, arguing that its share price has room to fall further. Monness Crespi analyst Gus Gala believes that it will become increasingly difficult for MSTR to raise funds to buy bitcoin by issuing shares, forcing the company to turn...
21:32 2025-04-01
The dollar index rose 0.04% on the 1st.The dollar index, which measures the greenback against major currencies, rose 0.04 percent to close at 104.260 in late foreign exchange trading.
21:14 2025-04-01
GameStop has completed 1.30 billion USD convertible note issue and is about to buy bitcoinGameStop (ticker: GME), the US video game retailer that may be about to or has already begun allocating bitcoin assets, issued a $1.30 billion five-year convertible note that was fully subscribed, including greenshoes, raising a total of $1.50 billion and net income after fees of $1.48 billion, according to a regulatory filing after the US market closed on Monday.
When GameStop announced its fourth-quarter earnings, the board of directors, led by CEO Ryan Cohen, passed a resolution to update the...