The volatility in stock and bond markets still hasn’t eroded the retail buy-the-dip mentality after two years of powerful returns, according to a new analysis from JPMorgan.
BUSINESS
Trump offers some auto-tariff relief, but not for carmakers’ two biggest concerns
Despite a plan to ease off the transition to steep tariffs and rebate calculations, carmakers are still in a ‘Twilight Zone.’
21Shares Files for SUI ETF, SUI Rises 4%
Swiss asset manager 21Shares has filed a S-1 registration form for a SUI exchange-traded fund (ETF) to the Securities and Exchange Commission (SEC).
SUI is currently trading at $3.67, rising by 4% after the filing went live on the SEC’s website.
“Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry, and we’re seeing that thesis play out,” said Duncan Moir, President of 21Shares, speaking at Sui’s annual Basecamp conference.
SUI is a layer-1 blockchain developed by former Meta engineers, the network’s native token has a market cap of $11.8 billion leaving it just outside the top 10 largest cryptocurrencies.
21Shares’ filing comes six weeks after Canary Capital filed paperwork to launch a SUI ETF.
Metaplanet Registers U.S. Treasury Arm to Grow Its Bitcoin Reserve Strategy
Tokyo-based Metaplanet is establishing a wholly owned subsidiary in Florida named Metaplanet Treasury Corp., doubling down on its bitcoin (BTC)-focused treasury strategy that has made it the largest public BTC holder in Asia.
The new entity will be capitalized with up to $250 million and serve as Metaplanet’s dedicated U.S. vehicle for treasury operations. The company said the move would support round-the-clock operations across global time zones and expand its access to institutional capital in the U.S.
Florida was selected for its growing reputation as a hub for Bitcoin innovation and corporate adoption.
“The state is rapidly emerging as a global hub where Bitcoin innovation, corporate adoption, and financial liberalization are accelerating,” Metaplanet CEO Simon Gerovich, said in an X post translated from its original Japanese.
The development follows Metaplanet’s series of recent bitcoin purchases, with the latest a 145 BTC purchase last week that brought total holdings to 5,000 bitcoin.
Its approach has increasingly drawn comparisons to Strategy (MSTR), the U.S.-based business intelligence-turned-bitcoin investment firm whose aggressive accumulation of BTC has become central to its corporate identity.
What investors are overlooking at Nvidia, Apple and a cruise-line operator, according to this fund manager
The chief investment officer at Silvant Capital talks about what investors are overlooking at Nvidia, Apple and a cruise-ship giant.
How a massive blackout spotlights Europe’s political and economic challenges
A power outage across Spain and Portugal will have major repercussions and bring calls for change.
CVS Plans To Exit Obamacare In 2026, Impacting 1 Million Aetna Members
CVS Health plans to exit the individual Obamacare health insurance business next year, leaving 1 million people in 17 states looking for new coverage in 2026.
New BEAK Quadcopter Challenges FPVs For The Future Of Drone Warfare
BEAK, a quadcopter from Origin Robotics used in Ukraine to deliver munitions with extreme precision may be the most cost-effective weapon on the future battlefield.
World Liberty’s Stablecoin Will Be Used to Close MGX’s $2B Binance Investment: Eric Trump
Eric Trump, son of U.S. President Donald Trump, said that World Liberty Financial’s dollar denominated stablecoin (USD1) has been officially selected as the official stablecoin to close MGX’s $2 billion investment in Binance.
Speaking at the Token2049 event in Dubai, Trump also announced that USD1 will be integrating with the Tron ecosystem, which is backed by billionaire Justin Sun.
Earlier this year, Abu Dhabi-based investment firm MGX put $2 billion to buy a stake in Binance, marking one of the first institutional investment in the world’s largest exchange.
The Trump-family backed World Liberty Financial, announced its plans for launching a dollar-backed stablecoin with BitGo in March.
“USD1 will become one of the most transparent and regulated stablecoin in the world. It is backed by short term treasury and cash equivalent, not only do we want to create a product in our stable point USD, one that can be sent across borders in a very seamless way, but transparency and frankly, consumer safety is paramount, right?” Trump added.
World Liberty’s co-founder, Zach Witkoff, speaking at the same event teased more future partnerships for the DeFi protocol.
“We have a lot on the way at World liberty, so stay tuned. We’re working on, you know, a lot of different DeFi integrations. Right now, we do aim to establish USD1 as the preferred stablecoin in the DeFi and CeFi ecosystem. Working really hard on, you know, getting integrations into traditional retail point of sale systems,” Witkoff said.
UPDATE (May 1, 2025, 09:50 UTC): Adds additional comment from Zach Witkoff on World Liberty.
AI isn’t taking jobs, but it may be limiting pay growth, study finds
For all the fears that artificial intelligence will take jobs, the evidence so far is that even the most exposed industries have not turned to automation to replace jobs.