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Crypto investment firm dao5 raised a $222 million fund to invest in blockchain projects targeting institutional and government adoption. The fund brings the firm’s total assets under management to $550 million. Founded in 2022 by Tekin Salimi, a former partner at Polychain Capital, dao5 made early bets on projects including Story Protocol, Bittensor, Berachain and EigenLayer. The firm’s first fund, launched during the final days of the last bull market three years ago, was fully deployed and has already returned “the vast majority of commitments to its limited partners,” according to a press release shared with CoinDesk. “Crypto is entering…

New York CNN  —  Ever since President Donald Trump introduced his first round of new tariffs, it’s been a waiting game to see just how much they’ll impact the global economy. This week, one of the earliest signs was revealed — and it wasn’t pretty. South Korea’s Customs Service reported that exports for the first 20 days of April declined by 5.2% compared to the same period last year. That singular data point is a “key bellwether” for where trade is heading, Min Joo Kang, a senior economist at ING, said in a note on Monday. The decline in exports…

A Texas congressman is asking the federal government to consider installing cryptocurrency ATMs in federal buildings as a way to help foster the pro-digital assets stance pushed by President Donald Trump. Representative Lance Gooden asked the chief of the General Services Administration — the agency that maintains the government’s buildings and real estate — to look into putting the automated teller machines into those facilities as a “signal to the public that the government is embracing innovation in a secure and responsible manner,” according to a Thursday letter reviewed by CoinDesk. “Expanding accessibility to crypto ATMs within federal buildings aligns…

CNN  —  Another day, another piece of evidence that President Donald Trump’s escalating trade war with friends and foes is hurting the global economy. Today: Japan’s central bank cut its economic growth forecast for the country in half. The Bank of Japan on Thursday lowered its expectations for 2025 gross domestic product growth to an anemic 0.5%, down from the previous projection of +1.1%, made in January. It also cut its growth forecast for next year to 0.7%, down from the previous projection of +1.0%. “Japan’s economic growth is likely to moderate, as trade and other policies in each jurisdiction…

The panic that ensued following President Trump’s Liberation Day tariff announcements continues to fade, with bitcoin (BTC) and major U.S. stock averages surging anew. Bitcoin at press time was trading just above $97,000 for the first time in nearly ten weeks, up 3.3% over the past 24 hours and ahead 14% since Liberation Day. With a 2% gain today, the Nasdaq is now higher by about 1% since then. Ahead 1% today, the S&P 500 has returned to its level just prior to that early April event. “You know there’s a guy out there living a life of zen-like contemplation…

(Bloomberg) — Bitcoin is fast approaching $100,000 once again, after reaching its highest level since late February, with investors’ appetite for risk being rekindled across financial markets. Most Read from Bloomberg The original cryptocurrency has faced downward pressure in recent weeks as Donald Trump’s tariff policy prompts a steep rout in both the stock and digital-asset market. It had dropped as much as 30% after reaching a record high of about $109,000 on Jan. 20, the day Trump was inaugurated for a second time as US president. The largest token by market value climbed as much as 3.1% to $97,483,…

Washington CNN  —  President Donald Trump is running out of patience: He wants lower interest rates, a key part of his economic agenda. The only problem: America’s rate-setters don’t report to him. Trump over the past week has ripped into Federal Reserve Chair Jerome Powell for not lowering borrowing costs, threatening to fire him from what is an independent government agency. On Monday, Trump renewed his public pressure campaign against Powell, calling him a “major loser.” But Trump’s demands stand in stark contrast with the Fed’s data-driven approach. Not only is inflation still higher than Fed officials want, but Trump’s…

The Mobile World Congress 2025 (MWC) kicks off in Barcelona, Spain, on March 1, 2025, becoming the … More global epicenter of technological innovation. Organized by the GSMA, the event showcases the latest innovations and advancements in mobile technology, telecommunications, and digital connectivity, with a strong focus on the development of 5G, 6G, artificial intelligence, and augmented reality. This edition also highlights digital sustainability and the industry’s transformation towards a smarter and more connected future. (Photo by Charlie Perez/NurPhoto via Getty Images)NurPhoto via Getty Images Shares of Microsoft and Meta rose 9.25% and 5%, respectively, after they beat expectations and…

Franckreporter | E+ | Getty ImagesMillions of older workers lost their jobs during the Covid-19 recession.Between March and April 2020, 5.7 million workers ages 55 and up lost their jobs, according to the Economic Policy Institute’s analysis of federal data.Now, five years since the onset of the pandemic, some older workers may be benefitting from policies that help them extend their careers.”We’re seeing more and more employers putting in benefits and programs that help retain some of that older workforce,” said Carly Roszkowski, vice president of financial resilience programming at AARP.These programs include phased retirement plans, part-time schedules and remote…

London CNN  —  Businesses in Germany and Britain produced less this month amid worries about President Donald Trump’s near-universal tariffs, in another sign that the global damage from his import levies is adding up. Closely watched surveys of purchasing managers showed Wednesday that private sector output contracted in Germany, Europe’s biggest economy, and the United Kingdom. “Tariff concerns and uncertainty weighed on business confidence and demand,” S&P Global and Hamburg Commercial Bank, which publish the survey of German companies, said in a news release. Likewise, in the UK, “survey respondents widely commented on the negative impact of US tariffs and…