Crypto Compass by BitcoinWalletSG #116

Hello Fam,

This week, markets faced a fresh wave of volatility as fears around rising tariffs and economic slowdown rattled investor confidence. BlackRock’s CEO warned of a potential 20% market drop, while traditional assets saw a selloff amid growing concerns over U.S. isolationist policies. In contrast, Bitcoin showed resilience, prompting analysts at Standard Chartered to suggest it could serve as a hedge in this turbulent macro environment. As legacy markets waver, crypto continues to attract attention as both a risk asset and a potential safe haven.

BlackRock CEO Warns of Market Dip Amid Tariff Turmoil

BlackRock CEO Larry Fink cautioned that rising U.S. tariffs could trigger a further 20% drop in the stock market and possibly tip the U.S. economy into a recession. Speaking at the Economic Club of New York, he noted that many CEOs share this concern. However, Fink also highlighted that current conditions may present a buying opportunity, as he does not see systemic financial risks on the horizon.

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Standard Chartered Identifies Bitcoin as Hedge Amid Tariff Concerns

Standard Chartered analysts suggest that Bitcoin could serve as a hedge against escalating tariff risks, highlighting signs of increasing U.S. isolationism influencing market sentiment. They note that Bitcoin has demonstrated resilience compared to traditional tech stocks during recent market selloffs. This perspective aligns with observations that Bitcoin is holding firm while traditional markets are adversely affected by tariff-related tensions.

Ark Invest Acquires $13.3 Million in Coinbase Shares Amid Market Downturn​

Amid a significant market slump, Cathie Wood's Ark Invest purchased 84,514 shares of Coinbase Global Inc. on Monday, valued at approximately $13.3 million. The acquisition was made across Ark's ARKW and ARKF ETFs. This move reflects Ark Invest's continued confidence in cryptocurrency-related assets despite prevailing market volatility.

Teucrium to Launch First Leveraged XRP ETF in U.S.

Teucrium Investment Advisors is set to introduce the first-ever leveraged XRP exchange-traded fund (ETF) in the United States. The fund, named XXRP, aims to deliver twice the daily performance of XRP's price and is scheduled to commence trading on Tuesday on NYSE Arca.

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