US Gross Domestic Product Data Exceeded Expectations
Announced: 2.4
Expectation: 2.3
Previous: 2.3
US Unemployment Benefit Claims Data Close to Market Forecast
Announced: 224K
Expectation 225K
Previous: 223K
Bitcoin Rises Slightly After Trump’s Tariff Announcements
Bitcoin edged up after President Donald Trump announced a 25% tariff on automotive imports. Trump said on April 2 that some tariffs could be rolled back and that he may soften tariffs in China under the TikTok deal. These developments have increased investors’ risk appetite for crypto assets.
Signals of a Deal Between Ripple and SEC Strengthen
The litigation process between the SEC and Ripple, which has been ongoing since 2020, has come to an end. According to the preliminary agreement reached by the parties, Ripple will pay only $ 50 million instead of a $ 125 million fine. This compromise has raised expectations that restrictions on Ripple’s XRP sales may soon be lifted.
GameStop Adopts Bitcoin as Official Reserve Asset
Video game retailer GameStop announced that it accepts Bitcoin as a treasury reserve asset. The company’s board of directors unanimously approved this decision and updated its investment policy accordingly. GameStop’s decision reveals that the number of corporate firms that consider Bitcoin as a strategic asset is increasing.
A New Move by the Giant Asset Management Company
Fidelity Investments (FIS), one of the world’s leading asset management companies, is expanding its moves in the crypto sector. The company is preparing to launch its own cryptocurrency with a fixed price. This step by Fidelity, which manages approximately $5 trillion in assets, reveals that traditional financial institutions are accelerating the process of integration into the crypto ecosystem.
by Darkex Research – 1 min read
