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Spot Ethereum ETFs in the U.S. witnessed record trading volumes on Monday amid the President Trump tariff-fueled turmoil.Following Trump’s tariff announcements on Saturday, ether was one of the hardest hit, dropping 36% to a low of around $2,100 on Monday.
While some view the firm’s BTC buying pause as a bearish development, a couple analysts think differently
Hougan noted that spot Bitcoin ETFs absorbed $4.94 billion in January alone, an annualized pace of approximately $59 billion.
Tariffs issued on three of the US’s biggest trading partners sent global markets into a tailspin
Quick Take White House crypto czar David Sacks said bitcoin is an “excellent store of value” as the original and strongest cryptocurrency. Sacks said evaluating a potential bitcoin reserve is a top priority. The crypto czar also told CNBC that he wants more stablecoin innovation to happen in the U.S.
- 14:32Publicly Listed Windtree Raises $60 Million Through Securities Subscription, Plans to Launch BNB Treasury StrategyAccording to ChainCatcher, as reported by BusinessInsider, US-listed company Windtree (WINT) has announced that it has signed a securities purchase agreement worth $60 million with Build and Build Corp, with the potential to raise up to an additional $140 million in future subscriptions, bringing the total subscription amount to as much as $200 million. The funds raised will primarily be used to launch the BNB treasury strategy and acquire BNB. Upon receiving shareholder approval and meeting other closing conditions, Windtree will become the first Nasdaq-listed company to offer direct investment exposure to BNB tokens.
- 14:24Bank of America: Fed Unlikely to Cut Rates Before Next YearOdaily Planet Daily News: Bank of America has observed an improvement in market conditions over the most recent quarter. CEO Moynihan stated during a conference call with analysts, "This has allowed our world-leading research team to continue forecasting that the United States will not experience a recession, and that the economy will see moderate growth—about 1.5% by year-end, with the Federal Reserve unlikely to cut rates before next year." Moynihan noted that both individual and corporate clients are still spending, and clients continue to seek certainty. He added that recent trade agreements and the passage of tax legislation are enabling clients to form clearer expectations for the future and adjust their behavior accordingly. (Jin10)
- 14:22OpenAI to Take a Percentage of Revenue from ChatGPT Shopping SalesAccording to a report by Jinse Finance, the Financial Times in the UK stated that OpenAI will take a percentage of revenue from ChatGPT shopping sales to boost its income. OpenAI plans to integrate a checkout system into ChatGPT.