Bitcoin News Australia
03 Feb | Read Online
Wyatt from Alts 03 Feb
I reacquainted myself with Smashing Pumpkins this morning. So good.
Disarm – Acoustic
The Smashing Pumpkins · Siamese Dream (Deluxe Edition) · Song · 1993
open.spotify.com/track/1CfFF36728zzSOcSLzj74U?si=efb0e985f68e4da3
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President Trump signed an executive order on Saturday imposing sweeping tariffs on imports from Canada, Mexico, and China, effective Tuesday.
As a result, crypto markets tanked, with Bitcoin losing 8%, Ethereum dropping 24%, and Altcoins faring even worse.
American futures markets are throwing up all over themselves ahead of today’s open.
Canadian officials announced retaliatory tariffs of 25% on $155 billion worth of US goods.
Economists warn these measures could cut Canadian GDP growth by up to 4%, risking a recession.
In January, the S&P rose 2.7%, the Nasdaq lifted over 1.6%, and the Dow surged 4.7%.
Elon Musk now has access to all sensitive Treasury data, including Social Security and Medicare payment systems.
Elon Musk's X expanded its lawsuit against advertisers, adding Lego, Nestlé, and other major brands to the complaint over alleged boycotting.
Only one possible question today…
📈 Positively – It will boost domestic industries and create jobs
📉 Negatively- Prices will go up, and exports will go down
⚖️ Neutral – The effects will balance out
‘I never thought leopards would eat MY face,’ sobs woman who voted for the Leopards Eating People’s Faces Party
Japan's factory activity fell at its fastest pace in 10 months in January, with the PMI dropping to 48.7.
China's box office set a new revenue record during the Lunar New Year, earning $791.65 million over four days.
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Earnings, upgrades, and acquisitions
Market movers
OpenAI launched a new “deep research” tool on Sunday, designed to conduct multi-step internet research for complex tasks.
Volkswagen sued Indian authorities to challenge a $1.4 billion tax demand, arguing it contradicts import taxation rules.
Apple's revenue in China tumbled 11% to $18.5 billion last quarter.
WeWork's Indian franchisee filed for a Mumbai IPO, offering 43.3 million shares without issuing new equity.
Amazon confirmed a new round of corporate job cuts across multiple divisions.
Dow announced plans to cut 1,500 jobs globally to save $1 billion.
🇸🇩 A paramilitary group killed 54 people and wounded 158 in an attack on Omdurman's Sabrein Market.
🇬🇷 Greek authorities dispatched rescue teams to Santorini after 200+ seismic tremors sparked fears of a major earthquake.
🇨🇩 🇷🇼 Rwanda welcomed calls for a regional summit after the M23 rebel group captured Goma.
🇲🇽 Mexico vowed to implement retaliatory tariffs against the US.
Ripple’s XRP was omitted from Hong Kong's approved list of cryptocurrencies.
Bitcoin and Ethereum ETFs saw $655 million inflows in a single day.
Apollo Global launched tokenized funds across six blockchains.
Oh, you sweet summer child.
German hunters competed in a national deer-calling championship, bellowing like stags in heat.
Punxsutawney Phil spotted his shadow, dooming America to six more weeks of winter.
Ice Age Europeans rocked cheek piercings at the age of 10.
German Hunters Compete in Unique Stag Roaring Championship | DRM News | AJ1J
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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