Financial World Updates
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๐Ÿ‡บ๐Ÿ‡ธ Senator Elizabeth Warren called the OCC's national trust bank charter approvals for crypto firms like Coinbase, Ripple, and Circle "illegal" under the National Bank Act.


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๐Ÿ‡บ๐Ÿ‡ธ Trump Orders Fed Access Review for Crypto Firms

Trump has directed regulators to review barriers blocking crypto and fintech firms from accessing the Federal Reserve payment system and banks directly within 90โ€“120 days. This review could allow some firms to process dollar payments without bank intermediaries.

The administration is also preparing an official update on a strategic Bitcoin reserve, expected in the coming weeks.


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Jeff Bezos:

You could double the taxes I pay, and itโ€™s not gonna help that teacher in Queens. I promise you.


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Iran parliament speaker says enemy moves show preparations for a new round of war.


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๐Ÿ‡บ๐Ÿ‡ธ Billionaire Jeff Bezos says the bottom half of US workers should pay zero income tax.


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๐Ÿ›ข Current Oil Prices


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๐Ÿ‡บ๐Ÿ‡ธ US CRUDE OIL INVENTORIES FELL 7.863M BARRELS.

EST. -2.942M


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OpenAI is preparing to file for an IPO with Goldman Sachs and Morgan Stanley as early as September.

The company plans to file confidentially with regulators soon, possibly by Friday. This move coincides with SpaceX's expected IPO debut around June 12.


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SpaceX disclosed owning 18,712 BTC bought in 2021, valued at about $1.3 billion ahead of its IPO.

The average purchase price was around $35,300, with a cost basis near $661 million, resulting in unrealized gains exceeding $600 million.


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๐Ÿ‡ฎ๐Ÿ‡น Italyโ€™s PM Giorgia Meloni seeks to lift the 40-year nuclear ban to boost energy security and reduce reliance on imported electricity.

Her government plans a summer legal framework for small modular reactors (SMRs). However, Italy remains divided due to the Chernobyl and Fukushima Daiichi disasters, which led to nuclear rejections in the 1987 and 2011 referendums.


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Shares of Indian IT company Parle Industries rose 5% after investors confused it with the sweets maker Parle Products when Modi gifted candies to Italian Prime Minister Meloni.

The mix-up caused the wrong company's stock to jump following the gift exchange.


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14 INDIAN VESSELS STRANDED IN STRAIT OF HORMUZ, INDIA GOVT OFFICIAL SAYS


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The Trump administration plans to award $2B to quantum computing firms while taking equity stakes in the companies, per WSJ.


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Goldman Sachs' "risk appetite" indicator in risky assets is at a maximum level.


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Tรผrkiye slashed its US Treasury holdings from $16 billion to $1.8 billion in March.


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BofA warns that the IPOs of SpaceX and Anthropic could mark the end of the bull market, with each company valued over $1 trillion.


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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฎ๐Ÿ‡ท final draft of the US-Iran deal has been reached.


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๐Ÿ‡ฏ๐Ÿ‡ต Polymarket is seeking government approval to operate prediction markets in Japan by 2030, appointing a local representative to lobby for authorization.


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๐Ÿˆ ๐Ÿ‡น๐Ÿ‡ท Turkey liquidated almost all of its US Treasury holdings in March after the Iran War began.

Roughly $14.2 billion worth of US Treasuries were sold.


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๐Ÿ‡ฎ๐Ÿ‡ณ Indian government is planning to ban #Kalshi and #Polymarket in India over prediction market concerns.

MeitY called these platforms โ€œillegalโ€ under Indian rules.


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