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On April 7, 2025, the markets were thrown into turmoil after a false report claimed that President Donald Trump was considering a 90-day pause on global tariffs. The rumor, based on an interview with White House economic advisor Kevin Hassett, caused cryptocurrencies and stock markets to surge before quickly reversing course when the news was debunked. Bitcoin, Ethereum, and XRP all saw sharp spikes in their prices. Bitcoin surged from below $76,000 to a high of $80,818 within 35 minutes. Ethereum jumped from $1,486 to $1,608, while XRP rose from $1.76 to $1.97. Similarly, major stock indices like the S&P…

ISLAMABAD: The persistent underperformance of the Pakistan cricket team over the past two years came under scrutiny in the National Assembly on Monday. Despite the country’s cricket board submitting a list of factors contributing to the team’s decline, the explanations fell short of providing any substantial analysis or practical solutions. In a written submission, the Pakistan Cricket Board (PCB) cited general reasons such as injuries and varying playing conditions but failed to offer a deep-dive into the root causes or any meaningful measures to rectify the situation. The response lacked specific details, drawing criticism for being overly vague. The PCB…

Markets were hit hard on Monday as President Trump’s latest trade war announcements shook global economies. The U.S. president’s decision to impose new tariffs on trading partners, including a 10% baseline tax and higher rates on China, the European Union, and Vietnam, sent shockwaves through financial markets. As a result, equities and cryptocurrencies experienced sharp declines. The U.S. dollar fell, and even gold—considered a safe-haven asset—was down on Monday. Amid the broader market turmoil, Fartcoin, a meme coin based on Solana, stood out. While most major cryptocurrencies, including Bitcoin and Ethereum, faced significant losses, Fartcoin managed to rise by 10%…

Global cryptocurrency exchange-traded products (ETPs) experienced outflows of $240 million last week as investors pulled back due to concerns over new U.S. trade tariffs. This marks a reversal after two weeks of inflows totaling $870 million. According to CoinShares, Bitcoin-related ETPs were the hardest hit, with $207 million withdrawn, leaving the total assets under management at $132.6 billion—a modest increase of 0.8% from the previous week. The outflows were largely concentrated in the U.S., which saw $210 million in withdrawals from its crypto funds. Germany followed with $17.7 million in outflows, while Switzerland and Sweden also recorded withdrawals. On the…

On Apr. 7, Zettai Pte Ltd., the Singapore-based parent company of the Indian crypto exchange WazirX, announced that a majority of the exchange’s creditors have approved the restructuring scheme. A total of 141,476 creditors representing $195.65 million in approved claims participated in the voting process. The Kroll Issuer Services platform conducted the voting from March 19 to March 28, the exchange said in the statement. 131,659 creditors representing $184.99 million in approved claims voted in favor of the restructuring. The figure represents 93.1% of creditors by count and 94.6% by value, WazirX said. It required at least 50% of creditors…

Pierre Rochard, who calls himself a “bitcoin maximalist OG,” first discovered Bitcoin in 2012 while studying at UT Austin. With interests in Austrian economics and open-source software, he was “captivated” by bitcoin as the intersection of both. He became an early thought leader, co-founding the Satoshi Nakamoto Institute to house foundational writings and cypherpunk philosophy. Across roles at BitPay, Kraken, and most recently Riot Platforms (RIOT), his work has spanned bitcoin infrastructure and advocacy. At Riot, he led responses to environmental criticisms, including a viral parody video that “put the critics on the defensive” and reframed the debate around mining…

Fidelity Investments quietly launched Crypto for IRAs last week amid customer demand, giving its investors the opportunity to trade and hold crypto assets in tax-advantaged accounts. Clients of the brokerage firm can now invest in Bitcoin, Ether and Litecoin in traditional, Roth or rollover individual retirement accounts (IRAs) with no account opening or maintenance fees. However, Fidelity does charge a spread of 1% on the execution price of crypto transactions, as it does in its taxable crypto accounts. Crypto for IRAs is open to U.S. residents in eligible states who are age 18 or older. For the most part, assets…

Stock markets in the U.S. and around the globe have dropped since last week when President Donald Trump introduced tariffs on most imports. The sell-off is causing some Americans to rethink their financial investments, despite financial advisor recommendations to stay the course.Money flowed in and out just 0.10% of 401(k) balances overall last week, according to data from Alight Solutions, which administers company 401(k) plans.While small, the share is significant, Alight’s research director Rob Austin said in an email: “This is roughly four times average, because we typically see this level in a month.”More than half, 53%, of the outflows…

Hobo_018 | E+ | Getty ImagesU.S. stocks saw wild market swings on Monday as the tariff sell-off continued.For some investors, it may be tempting to head for the exits rather than ride those ups and downs.Yet investors who sell risk missing out on the upside.”When there’s a bad sell-off, that bad sell-off is typically followed by a strong bounce back,” said Jack Manley, global market strategist at JPMorgan Asset Management.”Given the nature of this sell-off, that likelihood for that bounce back, whenever it occurs, to be pretty concentrated and pretty powerful is that much higher,” Manley said.More from Personal Finance:Avoid…

After holding relatively stable during last week’s global market turmoil, cryptocurrencies have joined the sell-off. Bitcoin, the world’s most popular cryptocurrency dipped below $75,000 Monday morning before seeing a slight rebound. Bitcoin’s prices haven’t been this low since just after President Donald Trump’s Election Day victory last year launched a bull run in crypto prices. Trump, whose tariff announcements led to massive stock sell offs, has been a major promoter of the crypto industry and previously took credit when bitcoin’s price broke $100,000 in December. Bitcoin has been on a relatively steady slide in price since Trump took office earlier…