Bloomberg Intelligence's senior crypto market structure analyst Dushyant Shahrawat explains why the S&P Dow Jones new crypto index won't include Bitcoin:
"Ethereum, Tron chain, Binance coin, Cardano... yes they are tokens but they are development platforms in which other commercial business are built. So you can evaluate them as an investment opportunity... Bitcoin is very different."
Bloomberg: Among President Trump's disclosures is $1.2 billion in crypto-related earnings. He owns millions in shares of Nvidia, Apple, and Palantir. These are some big numbers. More than $1.2 billion in crypto earnings.
Bloomberg reports $META struck new deals to buy capacity from Crusoe data centers in Childress, Texas, and Warrenton, Missouri.
The total capacity is reportedly 1.6GW.
"Bloomberg is trying to frame this as Powell versus Trump. The actual signal is Warsh. He comes from deal-making on Wall Street, not writing white papers on campus." - @LeveredUSTs
The real shift is industry vs the PhD standard.
Bloomberg's Annmarie Hordern reports on what to expect from the second round of meetings between President Donald Trump and his Chinese counterpart Xi Jinping