Bitcoin news

The Trump administration will be hosting the first-ever crypto summit at the White House on Friday, March 7, where President Trump is expected to lay out his plans for the future of a US strategic crypto reserve.  Trump announced via a social media post that the new strategic crypto reserve will be comprised of cryptocurrencies ethereum (ETH-USD), Solana (SOL-USD), XRP (XRP-USD), cardano (ADA-USD), and bitcoin (BTC-USD). Paul Krugman, a Nobel Prize-winning economist, joins Morning Brief host Seana Smith and weighs in on the prospect of the US investing in a crypto reserve. "To the extent that crypto is in widespread use, it's almost entirely for criminal activities, money laundering, extortion payments," Krugman states, going on to add: "And it's true that people have bought crypto and driven the prices way up. But you ask, well... why are we investing in something where it's still not at all clear what the point is? And what does it even mean to have a crypto reserve? It's not like a reserve of oil that you can use..." Also catch Paul Krugman comment on the "destructive" nature of President Trump's tariffs that he is planning to levy against Canada and Mexico To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Market Domination Overtime hosts Julie Hyman and Josh Lipton preview the biggest economic data and events expected for Friday, March 7. The US Bureau of Labor Statistics (BLS) will be publishing employment data in its monthly jobs report for February tomorrow morning. Federal Reserve officials are releasing their latest commentary on the economy, including chairman Jerome Powell, Fed Governors Michelle Bowman and Adriana Kugler, and New York Fed President John Williams. President Trump is set to host the first-ever crypto summit at the White House on Friday. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.

Canadian Prime Minister Justin Trudeau said officials in Ottawa and Washington are in talks about alleviating the fallout from 25% tariffs on certain sectors. "I'm not going to get into it too much, because there are ongoing conversations, but I will say the focus we have right now is on reducing the impacts of the tariffs," Trudeau told reporters Thursday in Ottawa.

The Trump administration will be hosting the first-ever crypto summit at the White House on Friday. Coinbase Global (COIN) CEO Brian Armstrong and Strategy (MSTR) co-founder and executive chairman Michael Saylor are among the crypto executives and leaders who will be in attendance. Yahoo Finance senior reporter Jennifer Schonberger breaks down comments from the White House's AI and crypto czar, David Sacks, and the talking points on President Trump's strategic crypto reserve plans ahead of the event. Earlier this week, Trump announced that the US strategic crypto reserve would be comprised of cryptocurrencies ethereum (ETH-USD), Solana (SOL-USD), XRP (XRP-USD), cardano (ADA-USD), and bitcoin (BTC-USD). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

The euro edged higher after the European Central Bank cut interest rates but signaled it could move cautiously with further easing. It raised its 2025 inflation forecast, cut its annual eurozone growth forecasts through next year, and warned about the risk of trade tensions. One major caveat: Its forecasts were made before Germany and the European Commission announced plans to aggressively increase defense expenditure.

A tech sell-off is dragging all three of the major market averages (^DJI, ^IXIC, ^GSPC) lower at Thursday's market open, the Nasdaq Composite sinking by less than 2%. The Morning Brief's Seana Smith and Yahoo Finance markets and data editor Jared Blikre assess the market declines, sector losses, and the tech stocks being hit the hardest this morning. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

The European Central Bank cut interest rates to boost growth, with the euro zone's stalled economy facing twin shocks from President Trump's tariff threats and a sudden need to radically increase military spending.

Bitcoin was wavering around the $90,000 level early Thursday but don’t be fooled—the volatility could return very soon. The world’s largest cryptocurrency was trading at $89,570, up around 1% over the past 24 hours, according to data from CoinDesk, but down from as high as $92,800 earlier in the day. Cryptocurrencies have largely moved in tandem with the stock market, falling as investors have moved away from riskier assets.

The latest investor updates on stocks that are trending on Thursday.

The British asset management firm is not the first to do a U-turn on name change, it joins a club of well-known brands including CocaCola, KFC and Royal Mail.

Pound dips but holds near $1.29 amid trade tariff uncertainty and global bond market sell-off.

US stocks plummeted in early trading after downbeat earnings from Marvell and Macy's.

Elon Musk has ignited debate by endorsing the idea of putting US Treasury spending on a blockchain.

Reeves' spring forecast could turn out to be more consequential than the non-event it was first billed as, according to the IFS.

On this episode of Yahoo Finance Future Focus, our host Brian McGleenon spoke with Symphony CPO Mike Lynch about Elon Musk’s recent endorsement of using blockchain for US Treasury spending. The idea has ignited debate over the potential for blockchain technology to increase transparency and reduce fraud. In a discussion with Lynch, the challenges and benefits of implementing such a system were explored. While blockchain offers transparency, security concerns, logistical hurdles, and public perception issues remain significant obstacles. Lynch highlighted the need for a proprietary blockchain, rather than a public one such as Ethereum or cardano, due to security risks, as well as the looming threat of quantum computing on encryption. Though ambitious, Musk's endorsement of the idea is stirring important conversations about government financial transparency.

Bank of England governor Andrew Bailey appeared before the Treasury committee on Wednesday along with other policymakers.

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The latest investor updates on stocks that are trending on Wednesday.

In the latest Trader Talk episode, where host Kenny Polcari and Dr. Scholl Foundation President and CEO Dan Mahaffee explore the geopolitical myths and realities shaping today’s markets. Broadcasting from the New York Stock Exchange, Polcari leverages decades of institutional experience to cut through the noise and help investors focus on what truly matters. Polcari opens by debunking the popular belief in imminent rate cuts—a comforting bedtime story for many investors. He points out that the economy isn’t collapsing: the labor market remains robust, wages are strong, and corporate earnings are mostly solid. Rate cuts, he explains, are not a gift but a tool for deep economic distress. Instead of banking on a Fed pivot, investors should base decisions on the actual data. Mahaffee brings a global perspective, delving into how geopolitical tensions—such as the European challenges and the ongoing conflict in Ukraine—intertwine with trade negotiations. He discusses critical mineral deals necessary for modern industries like semiconductors and drones, highlighting the delicate balance between national security and economic interests. Mahaffee also warns against relying on quick fixes, emphasizing that tariffs and reciprocal measures are tools for negotiation, not guaranteed solutions. Rounding out the episode, Polcari shares three essential market tips: tune into central bank briefings, analyze earnings beyond headline figures, and stay alert to geopolitical developments. And, as always, the show concludes with a nod to tradition—the Luncheon Club Lobster Roll, a market recipe steeped in NYSE history. Luncheon Club Lobster Roll Recipe Ingredients 1 lb. fresh lobster meat, steamed (Ask the grocery seafood counter to steam it if you like) Brioche roll, toasted and buttered Fresh lemon wedges ⅓ cup premium mayonnaise 2 tablespoons fresh lemon juice 2 tablespoons finely diced celery 1 tablespoon fresh chives, minced 1 teaspoon Dijon mustard Sea salt and white pepper (to taste) Fresh dill sprigs Butter lettuce leaves Potato chips (Cape Cod chips recommended) Steps Prepare the Sauce: In a small bowl, whisk together the mayonnaise, lemon juice, celery, chives, Dijon mustard, salt, and white pepper. Mix with Lobster: Gently combine the steamed lobster meat with the prepared sauce. Toast & Butter Rolls: Butter the brioche roll(s), then toast or griddle until golden. Assemble: Line the toasted roll with butter lettuce leaves.Spoon the dressed lobster onto the roll. Finish & Serve: Top with fresh dill. Add lemon wedges on the side. Serve with Cape Cod-style potato chips for extra crunch. Watch more episodes of Trader Talk here. Trader Talk with Kenny Polcari on Yahoo Finance delivers expert analysis and actionable insights, empowering you to navigate market volatility and secure your financial future. You can catch every episode on Apple Podcasts, Spotify, Amazon Music, or wherever you get your podcasts This post was written by Langston Sessoms.

The world's largest cryptocurrency looked set to eke out some gains Wednesday, having swung wildly this week.