Uncategorized
U.S Dollar to Slide Further This Summer, Bank of America Warns

Bank of America has warned that the U.S. dollar could be in for a rough summer, having already dropped sharply this year.
The dollar index, which tracks the value of the U.S. dollar against major currencies, has dropped nearly 9% to 99.74 this year, as President Donald Trump’s tariff war triggered a shift away from U.S. assets.
Bank of America expects continued data-driven drubbing over the Summer. Weakness in the U.S. dollar is widely seen as positive for dollar-denominated assets, such as gold and bitcoin BTC.
The global FX research team led by Athanasios Vamvakidis stated in a report to clients Friday that tariffs are more detrimental to the U.S. economy as the country trades more with the rest of the world than perhaps any other nation.
The report acknowledged recent resilience in the U.S. economy and growth-supportive developments, such as President Donald Trump’s tax cuts and the abandonment of extreme fiscal spending cuts, but stated that «negatives dominate.»
«Policy uncertainty on multiple fronts remains. Companies may pause hiring and investment plans until there is greater clarity. In most scenarios, we see tariffs much higher than the starting point, with current levels being the minimum,» the report said.
It added that the market is reacting negatively to the loosening of fiscal policy at a time when debt levels are at record highs, leading to higher borrowing costs. Meanwhile, the Federal Reserve is unable to take significant action due to rising inflation expectations.
«Migration flows have collapsed. Demand increased in Q1 [front running] ahead of tariffs but may be about to fall,» strategists noted, pointing to weakness in high-frequency indicators such as the ISM data and weekly Dallas Fed economic index.
The weekly Dallas Fed economic index has resumed the downtrend following the brief spike in early April and hit the lowest since December, according to data source TradingView.
«Such high-frequency indicators tend to be very noisy but could still point to a slowdown of the economy in the coming months,» strategists said.
Uncategorized
ARK Invest Sold $95M of Coinbase Shares After COIN’s Surge to Record Highs

ARK Invest offloaded nearly $43.8 million worth of shares of cryptocurrency exchange Coinbase (COIN) on Monday.
The sale follows similar moves last week for a total of 270,984 COIN shares offloaded in the last three trading days, worth just under $95 million based on Monday’s closing price of $350.49.
Coinbase shares surged to a record high of over $380 on June 26, which necessitated the sales from ARK. Cathie Wood’s investment managing firm has a target weighing of its exchange-traded funds (ETFs), whereby no individual holding exceeds 10% of its total value.
This leads to a trend of ARK selling large numbers of particular shares when their prices rally and acquiring them when they dip.
ARK holds COIN in three of its ETFs: Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF).
Read More: ARK Invest Continues to Dump Circle Shares, Buys Robinhood and Coinbase
Uncategorized
Germany’s Public Savings Bank Network Sparkassen to Offer Bitcoin Trading to Clients: Report

Sparkassen, a group of savings banks operating across Germany since the first established in Hamburg in 1778, has decided to introduce cryptocurrency trading services for their customers, according to a report by Bloomberg.
The group will enable private clients to trade cryptocurrencies, including bitcoin (BTC) and ether (ETH), directly through their mobile banking apps via the group’s securities platform, DekaBank, with the facility expected to go live by summer 2026.
The news comes months after DekaBank introduced crypto trading and custody services for institutional clients and represents the growing acceptance of digital assets within traditional banking systems.
The German Savings Bank Association (DSGV) reportedly backed the decision to enable crypto trading, citing growing demand and the prevalence of legal framework under the so-called European MiCAR Regulation.
Earlier this year, Matthias Diessl, president of the Savings Banks in Bavaria, said in a Bloomberg interview that savings banks should offer customers the opportunity to trade cryptocurrencies, deviating from a three-year-old committee recommendation cautioning against enabling crypto trading.
That said, despite warming up to the idea, DGSV still considers digital assets as highly speculative investments, according to Bloomberg.
Read more: Boerse Stuttgart Partners With DekaBank to Offer Crypto Trading for Institutional Clients
Uncategorized
Bitcoin ETP With DeFi Yield Goes Live in Europe

A bitcoin (BTC) exchange-traded product (ETP) that generates yield from decentralized finance (DeFi) markets has debuted on Tuesday, in what issuer Fineqia calls a first of its kind.
The Fineqia Bitcoin Yield ETP (YBTC), listed on the Vienna Stock Exchange, targets a 6% annual yield by deploying investor capital into DeFi strategies. It is issued by Fineqia’s Liechtenstein-based subsidiary and advised by Psalion Yield, a digital asset investment firm focused on blockchain-based yield.
Unlike existing crypto yield ETPs that rely on derivatives or structured notes, YBTC maintains one-to-one exposure to bitcoin while generating returns directly from DeFi protocols.
“It allows investors to earn more BTC while they hold it, combining long-term conviction with compounding returns, all inside a regulated wrapper,” said Fineqia CEO, Bundeep Singh Rangar.
The ETP also supports in-kind transfers, meaning that digital asset holders can contribute BTC directly to the product without the need to first convert into cash incurring a taxable event.
YBTC arrives at a time when investor interest in crypto-focused investments is growing. These investment products has brought digital assets closer to traditional investors, allowing them to invest in digital assets in a familiar way through brokerage accounts without the need of crypto wallets and blockchain transactions.
Bitcoin exchange-traded products enjoyed rapid growth over the past year and have gobbled up $150 billion of assets, Fineqia said.
Read more: BlackRock to List Bitcoin ETP in Europe in First Crypto Foray Outside U.S.
-
Business9 месяцев ago
3 Ways to make your business presentation more relatable
-
Entertainment9 месяцев ago
10 Artists who retired from music and made a comeback
-
Fashion9 месяцев ago
According to Dior Couture, this taboo fashion accessory is back
-
Entertainment9 месяцев ago
\’Better Call Saul\’ has been renewed for a fourth season
-
Business9 месяцев ago
15 Habits that could be hurting your business relationships
-
Entertainment9 месяцев ago
Disney\’s live-action Aladdin finally finds its stars
-
Entertainment9 месяцев ago
New Season 8 Walking Dead trailer flashes forward in time
-
Tech9 месяцев ago
5 Crowdfunded products that actually delivered on the hype