Deribit Asia Pacific Business Director: ETH ETF may rise in the short term and then fall back after launch

Share link:In this post: The Treasury raised its borrowing estimate for April-June to $514 billion because of a smaller cash pile. The end-of-March cash balance came in at $406 billion, way below the $850 billion the Treasury had predicted. Lou Crandall said new tariff revenue from President Trump might help, but the debt ceiling mess is still the main problem.

Share link:In this post: Meta CEO Mark Zuckerberg unveiled plans to enhance Meta AI’s capabilities, as investors remained skeptical about how Trump’s tariffs impacted that strategy. Zuckerberg hinted that answers to the planned strategy could come this week as Meta prepared to host its first LlamaCon for developers on April 29th. Needham analysts expected Meta to follow Alphabet’s lead and remain firm in its plan to spend ~$65B in capex for AI infrastructure this year.

Share link:In this post: FTX is suing NFT Stars and Kurosemi to recover crypto assets transferred under agreements before the exchange’s collapse. The representatives of the defunct exchanges allege that both blockchain firms failed to deliver the digital assets despite receiving substantial payments as investments. The lawsuits are part of a broader legal strategy to claw back funds and repay creditors impacted by its bankruptcy.