Trump's Treasury Pick Scott Bessent Confirmed in Historic Senate Vote
Scott Bessent, a veteran hedge fund manager, becomes the first openly gay Cabinet member in a Republican administration after Senate confirmation. The new Treasury Secretary outlines ambitious economic goals while facing key challenges around debt, taxes and international relations.
Market Excess: Hedge Fund Manager Warns of 'Fartcoin' Era in Crypto Trading
Greenlight Capital's David Einhorn raises concerns about speculative cryptocurrency trading, highlighting the $2 billion 'Fartcoin' phenomenon and Trump-related memecoins. His firm responds with strategic trades while warning about market rationality amid renewed optimism.
Ray Dalio Endorses Bitcoin and Gold Over Bonds Amid Global Debt Crisis Warning
Bridgewater founder Ray Dalio warns of an impending debt crisis and advises investors to shift from bonds to 'hard money' assets like Bitcoin and gold. Speaking at Abu Dhabi Finance Week, the billionaire investor highlighted unsustainable debt levels in major economies and predicted significant currency devaluation.
Ethereum Soars Past $3,600 as BlackRock ETF Attracts Major Institutional Investors
Ethereum's price reaches new heights driven by growing institutional adoption through regulated ETF products. BlackRock's ETHA fund sees significant investment from advisors and hedge funds, signaling mainstream acceptance of cryptocurrency exposure through traditional financial vehicles.
Hong Kong Unveils Landmark Tax Exemption Plan for Institutional Crypto Investors
Hong Kong is preparing to eliminate capital gains tax on cryptocurrency investments for hedge funds, private equity firms, and high-net-worth individuals. The strategic move, planned for 2025 implementation, aims to establish the city as a premier global digital asset hub while competing with other major financial centers.