News

Despite recent drops in cryptocurrency prices, Bitcoin and other cryptocurrencies are projected to experience a price surge in April due to hints from the Federal Reserve about possible monetary easing. This prediction comes from prominent crypto trader Arthur Hayes, who believes the Federal Reserve's potential return to "stealth" money printing could fuel this surge.

Charlie Javice, founder of the student financial aid startup Frank, was found guilty of defrauding JPMorgan Chase for $175 million by inflating her client base, leading to a potential 30-year prison sentence. This case highlights the importance of thorough due diligence and the severe consequences of fraudulent practices in startup acquisitions.

American entrepreneur Leonid Smirnov has pleaded with President Trump to intervene in the Russian seizure of his $200 million canned food business, Glavprodukt, fearing it is part of a larger campaign against foreign businesses in Russia. Smirnov, who founded Glavprodukt in 1999, warns that the seizure could have repercussions for other US-owned businesses operating in Russia.

The financial world saw a flurry of activity this past week, with Ripple's legal victory against the SEC and GameStop's new Bitcoin strategy grabbing headlines. While experts remain divided on XRP's future, Robinhood's strategic moves and Cronos' surge after the SEC investigation closure highlight the dynamic nature of the market.

The week in Asia is marked by trade tensions as President Trump prepares to announce tariffs on major trading partners, coinciding with the BIMSTEC summit in Thailand. Meanwhile, Muslims across the region celebrate Eid al-Fitr, while South Korea lifts its short-selling ban and the Bank of Japan releases its Tankan survey.