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Share link:In this post: Target put out a profit warning for the first quarter, saying that Trump’s tariffs will hurt its business. Target said that due to uncertainty, the company expects to see meaningful year-over-year profit pressure in its first quarter relative to the remainder of the year. Target’s stock is down 21% in the last year and 9% so far this year.
Quick Take The price of AXL rose over 14% in a matter of minutes after news broke that Canary Capital had filed an S-1 registration with the SEC on Wednesday for an Axelar ETF.
Quick Take The bankrupt crypto exchange transferred 11,834 BTC to an unmarked address on Wednesday, marking the first larger transaction since late January. Arkham Intelligence data shows that it also sent 166.5 BTC to its cold wallet around the same time today.
Quick Take Aave DAO is considering launching a “savings” version of its GHO stablecoin, similar to Sky’s sUSDS token. The move comes amid a series of proposals seemingly aimed at driving GHO adoption.
- 14:38Deutsche Bank: The volatility of the cryptocurrency market may continue to riseGolden Finance reports, Deutsche Bank analyst Marion Laboure said: "If Trump's Bitcoin reserve plan lacks clear details, the volatility of cryptocurrency may remain high. The timing, funds and allocation are all uncertain. The market is cautious, eyeing profits if the plan progresses and losses if it stagnates."
- 14:33DeFi TVL has completely retraced the gains since Trump was elected President of the United States, falling more than 45 billion dollars from its previous peakPANews reported on March 10th, according to Cointelegraph, since Trump was elected President of the United States in November 2024, the total value locked (TVL) in DeFi protocols has completely retraced its previous gains. Analyst Miles Deutscher pointed out that since the US election, DeFi TVL once soared to $138 billion on December 17th but had fallen back to $92.6 billion by March 10th. As the meme coin craze subsided, Solana became a target of criticism while Ethereum also faced challenges during recent cycles and failed to set new historical highs. Bitcoin broke through $109k on Trump's inauguration day (January 20). Data from DefiLlama shows that Ethereum's TVL has dropped by $45 billion from its cycle high point. Despite positive developments in the industry such as the launch of physical ETFs in the U.S and Trump signing an executive order establishing strategic bitcoin reserves, Ethereum's all-time high of $4787 set in November 2021 has not been surpassed yet.
- 14:01HIVE Digital Technology: 89 BTC mined in FebruaryOdaily Planet Daily reports that Nasdaq-listed Bitcoin mining company HIVE Digital Technologies has released its February Bitcoin update report, which reveals that it mined 89 BTC in February and its portfolio reached a position of 2,620 BTC.