Crypto News

BlackRock CEO Larry Fink said the market could see another 20% drop, but that the current drawdown is a buying opportunity in the long term as the current situation doesn’t pose systematic risk.“I see it more as a buying opportunity than a selling opportunity, but that doesn’t mean we can’t go down further,” Fink said during an appearance at the Economic Club of New York on Monday.He noted that inflationary pressure is higher than market participants expect and that many already believe the U.S. to be in a recession. As a result, he does not anticipate the Federal Reserve to cut interest rates this year.Last month, Fink published a letter to shareholders, warning about Bitcoin’s (BTC) threat to the U.S....

The official “Statement on Stablecoins” was issued by the SEC’s Division of Corporation Finance on Friday as “part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets.” Regulatory Clarity: SEC Publishes Updated Stablecoin Standards The U.S. Securities and Exchange Commission (SEC) issued on Friday a landmarkSource link

Nearly every major cryptocurrency is down Monday as Trump's trade war batters markets. But Fartcoin keeps drawing (and bewildering) investors.Source link

JPMorgan Chase CEO Jamie Dimon is warning investors about the potential of rising prices and further slowing of the U.S. economy as a result of U.S. President Donald Trump’s tariff policy.“The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,” Dimon warned in his annual letter to shareholders. “Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth.”“Whatever you think of the legitimate reasons for the newly announced tariffs – and, of course, there are some – or the long-term effect, good or bad, there are likely to be important short-term effects,” he said, noting that price increases will not only affect...

The company said it may not be able to rely on its analytics software business to fulfill its financial obligations.Source link