The next 90 days will be devoted to countries making backroom deals to reduce their tariffs, including BRICS countries (i.e., Brazil, Russia, India, China, and South Africa). On paper, it will be 10% reductions, but in practice, small exemptions will add up. What will change, however, is that countries will begin to have fealty to Trump or…
In a time of great uncertainty about international trade, mattresses are one purchase you can make without losing sleep. Because they’re large and heavy, roll-packed bed-in-a-box mattresses are relatively expensive to ship. And because they shouldn’t be left compressed for too long, reputable makers try to avoid shipping them over the ocean. This means that…
James Toledano says bitcoin’s measured response to a significant sell-off, triggered by U.S. “reciprocal” tariffs, highlights its growing maturity as a macro asset. Bitcoin Is a Maturing Macro Asset After weeks of seemingly moving in tandem with equities and other traditional assets, bitcoin ( BTC) showed a measured reaction to a historic sell-off sparked by…
Around 28,000 Bitcoin options contracts will expire on Friday, April 4, and they have a notional value of roughly $2.25 billion. This week’s event is pretty similar to previous weeks, where derivatives trading has been somewhat muted, so the impact on spot markets is likely to be minimal. Markets have been extremely volatile this week,…
EV startup Lucid Motors has emerged as a surprise winner in the bankruptcy auction for electric trucking company Nikola’s Arizona factory and other assets, according a late Thursday night court filing. Lucid committed around $30 million in cash and non-cash considerations in exchange for the factory, Nikola’s lease on its Phoenix headquarters, and “certain machinery,…
Before, artificial intelligence (AI) tools were only accessible through desktop browsers. But did you know that now, AI tools can also be used on smartphones? In this article, discover how to increase your productivity by just using your smartphone—all because of AI. Grok What is it: Grok is an advanced conversational AI model developed by…
A rare CryptoPunk NFT just sold for $6 million at a staggering $10 million loss amid the continued slide in NFT prices. CryptoPunk #3100, one of just nine Alien Punks in the original 10,000-piece collection, was sold for 4,000 Ethereum (ETH), worth about $6.07 million at the time of sale, according to an Apr. 10 …
Standard Chartered projects XRP may surpass Ethereum in market cap by 2028, citing cross-border utility, legal clarity, and institutional interest. Ethereum’s upcoming Pectra upgrade could challenge XRP’s momentum, aiming to boost ETH’s efficiency and possibly drive its price to $12,000. Following the price forecast previously discussed in a CNF update, where ETH’s price was flagged…
OpenAI’s CEO Sam Altman. Image: Creative Commons While the legal battle between Elon Musk and OpenAI is scheduled to begin in the spring of 2026, the team at OpenAI has filed a countersuit accusing Musk of sustained harassment. The OpenAI/Musk feud thus far Although the roots of the feud go all the way back to…
The FDIC has thrown open the gates to crypto innovation, scrapping key barriers and embracing blockchain with a push for regulatory clarity. FDIC Shifts Crypto Rules, Sets the Stage for Digital Asset Banking Boom Acting Chairman Travis Hill used his address at the American Bankers Association’s Washington Summit on April 8 to lay out the…
