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On March 24, Michael Saylor announced that his company Strategy (previously MicroStrategy) had bought an additional 6,911 BTC for $584.1 million, bringing the firm’s total above 500,000 Bitcoin—a historic milestone. This means Strategy currently controls 2.4% of the entire Bitcoin supply, the largest stake ever held by a publicly traded firm. MSTR, Strategy’s stock, trades at $328.35 per share at press time. According to TipRanks, Gautam Chhughani from Bernstein is bullish on Strategy, forecasting that it could soar to $600 within three months. Despite the massive purchase of Bitcoin, whale transaction activity has plummeted since its peak in Q4 2024.…

World Liberty Financial, the crypto venture backed by President Donald Trump, has launched a USD-pegged stablecoin. A stablecoin is a type of cryptocurrency that attempts to maintain a stable value by being pegged to a relatively stable asset such as a fiat currency or a commodity. Called USD1, the stablecoin has been launched on both the Ethereum chain and Binance’s BNB Chain. The project’s smart contract was deployed on both chains 20 days ago. On March 24, Binance’s founder and former CEO Changpeng “CZ” Zhao welcomed the stablecoin project on the BNB chain. Notably, the U.S. Senate Banking Committee approved…

Illustration: Justin Sullivan (Getty Images) Leading cryptocurrencies gained, with some of the biggest crypto stocks following suit as the broader market rose on Monday after reports that the Trump administration may narrow the scope of its impending April 2 tariffs. Bitcoin was up 2.7% to $88,418.31, Ether was up about 4.2% to $2,088.88, and Ripple’s XRP was up more than 1.1% to $2.47 as of around 11:15 a.m. New York time. “Cryptocurrencies are experiencing a strong day, with Bitcoin showing positive performance,” Nansen analyst Nicolai Søndergaard told Quartz. “Given the correlation between token performance and the valuation of crypto-related companies,…

Nitat Termmee | Moment | Getty ImagesThe odds of a U.S. recession have risen amid an escalating trade war. But most investors should ignore the impulse to flee for safety by exiting the market, financial experts say.Instead, the best way to brace for an economic shock is by double-checking fundamentals like asset allocation and diversification, they said.”You’re looking for balance rather than casting your lot with any one economic outcome,” said Christine Benz, director of personal finance and retirement planning for Morningstar.The probability of an economic downturn rose to 36% in March from 23% in January, according to fund managers,…

MicroStrategy, which recently rebranded to “Strategy,” has once again added to its massive Bitcoin stash. In a regulatory filing on March 24, the company revealed that it purchased 6,911 BTC between March 17 and March 23 for approximately $584.1 million in cash. That brings the company’s total holdings to 506,137 Bitcoin, worth roughly $42.8 billion at current prices. The new BTC was acquired “at an average price of approximately $84,529 per bitcoin, inclusive of fees and expenses,” the filing said. The company used funds raised from its ongoing stock sale programs — known as ATMs (at-the-market offerings) — involving both…

A Bangladeshi court ordered the seizure of cricketer Shakib Al Hasan’s assets in the latest legal headache for the sports star over his allegiance to the country’s former leader. Shakib is a former lawmaker from the party of autocratic ex-leader Sheikh Hasina, who was overthrown in a student-led uprising last year and fled by helicopter to neighbouring India. His links to Hasina made him a target of public anger and he was among dozens facing murder investigations for a deadly police crackdown on protesters during the uprising. He has not been charged over those allegations but is currently being prosecuted…

Sdi Productions | E+ | Getty ImagesThere has been a change to inherited individual retirement account rules which mandates that certain heirs must take required withdrawals each year or face an IRS penalty.Starting in 2025, certain beneficiaries must take annual required minimum distributions while depleting inherited IRAs over 10 years, according to final regulations released in July.The “10-year rule” and RMD requirement applies to most non-spouse heirs — commonly, adult children — if the original IRA owner reached RMD age before their death.Meanwhile, the average investor doesn’t know a great deal about these guidelines, said certified financial planner and enrolled…

Illustration: Dan Kitwood (Getty Images) Stablecoins are getting some extra attention after President Donald Trump told a crypto conference Thursday that he’s called on congress to pass “simple, common-sense rules for stablecoins.” Plus, what’s next for Bitcoin in 2025? Betting markets seem to think that the leading cryptocurrency is unlikely to go much higher this year than its January peak of roughly $109,000. Here are some cryptocurrencies to watch this week. Photo: Chip Somodevilla (Getty Images) Legislation moving through the House and Senate have Tether (USDT) and other stablecoins in the spotlight. On Thursday, President Donald Trump seemed to endorse…

Federal Reserve Chair Jerome Powell speaks during a news conference after the Federal Open Market … More Committee meeting, Wednesday, March 19, 2025, at the Federal Reserve in Washington. The Fed is expected most likely likely cut interest rates again in June. (AP Photo/Jacquelyn Martin)Copyright 2025 The Associated Press. All rights reserved The next interest rate cut will most likely come in June, according to fixed income markets. The Federal Open Market Committee has held interest rates steady at meetings in January and March. The pause in interest rate cuts has primarily been due to waiting for further progress on…

On March 24, Robert Kiyosaki instructed his followers on X not to remain poor. He claimed that many people who are poor tend to stay that way not because of FOMO—the fear of missing out but rather FOMM, the Fear of Making Mistakes. According to the 77-year-old businessman, this Fear stops most people in the market, especially those with formal education, from stepping away from seizing investment opportunities such as Bitcoin. Kiyosaki believes that the best financial education is not restricted to traditional education or Wall Street but is easily accessible to all on YouTube. He said, “The biggest opportunity…