What’s Happening in the Philippines, Local News and Philippine People
TLDR Goldman Sachs has warned AI could lead to widespread job cuts across finance and other sectors AI quant hedge fund Ningbo’s High-Flyer announced a 52.55% average return in 2025 84% of retail crypto traders lost money in their first
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TLDR Coinbase Prime is launching unified cross-margin functionality across its spot and derivatives markets for institutional users Through its CFTC-registered entity, the platform will provide round-the-clock access to over 20 futures and perpetual contracts Cross-margin enables traders to utilize a
MoreTLDR AVAX One Technology has bought back 2,423,383 shares as part of its $40 million repurchase initiative. The initiative was greenlit in November 2025; the stock is currently priced at $0.76, marking a 95% decline from its 52-week peak of
MoreTLDRs; Blue Owl spearheaded a $750 million private credit funding round to back Vista Equity Partners’ majority acquisition of the AI software company, Nexthink. This debt package underscores ongoing investor interest in substantial private credit transactions linked to rapidly expanding
MoreTLDR Binance informed a U.S. Senate committee that its investigation revealed no direct transactions from its platform to Iranian parties. The crypto exchange stated it only identified indirect connections to wallets possibly linked to Iran, which have since been terminated.
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TLDR Bitcoin retreated 3.4% to approximately $68,000 on Saturday, following a mid-week peak of $74,000. The U.S. economy shed 92,000 jobs in February, driving the unemployment rate to 4.4% and unsettling financial markets. The U.S. dollar experienced its most significant
MoreTLDRs; Oracle’s stock experienced a slight decline following the cancellation of plans to expand a major Texas AI data center in collaboration with OpenAI. The Abilene campus continues to be operational, yet negotiations regarding financing and shifting infrastructure requirements put
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SoFi Technologies engaged BitGo to launch SoFiUSD, which might be the initial stablecoin issued by a US nationally chartered and federally insured bank on a public blockchain. Simultaneously, the market is once again moving sideways, resulting in a heightened interest
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The barrier between financial technology and traditional, regulated banking is crumbling. As global digital payment firms pursue national banking charters, institutional credibility is spreading across the financial ecosystem. Yet at the same time, investors are uncovering that the most explosive
MoreTLDR MiniMed (MMED) commenced trading on the Nasdaq on Friday, March 6, opening at $19.05, a 4.8% decline from its $20 IPO price. The IPO generated $560 million by selling 28 million shares, falling short of the initially marketed $25
MoreTLDR The Trump administration is developing new regulations that would mandate government authorization for nearly all international AI chip exports. A tiered licensing framework is being proposed, with the most rigorous requirements reserved for shipments involving 200,000 GPUs or more.
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Tradeweb, a fixed – income behemoth with a daily trading volume of $1.5 trillion, has just ventured into the crypto space by creating an FX – style market structure for digital assets. If you’re unclear about what this means for
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The altcoin market is currently facing significant challenges, with approximately 38% of tokens trading near their all-time lows—a downturn more severe than the period following the FTX collapse. As liquidity shifts toward lower-risk assets, investors are finding it increasingly difficult
MoreTLDR Pakistan has passed the Virtual Assets Act 2026, designating PVARA as the permanent regulator for the cryptocurrency sector. The new law sets out licensing regulations and imposes strict penalties on unlicensed cryptocurrency firms. Exchanges, custodians, and token issuers are
MoreTLDR Morgan Stanley has identified Seagate and Western Digital as premier IT hardware investments, highlighting robust AI and data center expenditures as primary catalysts. Over the past year, Western Digital shares surged 489%, supported by a 28% revenue climb and
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VanEck CEO Jan van Eck recently told CNBC that Bitcoin is forming a bottom as the four-year halving cycle comes to an end. If you’ve been waiting for confirmation of the accumulation phase from someone managing over $100 billion in
MoreTLDR Kazakhstan sets aside $350M from reserves for crypto and blockchain undertakings. Exposure to Bitcoin through funds and infrastructure investments, rather than direct purchases. Ethereum and smart contract technology are key focuses in the strategy. Only a part of the
MoreTLDR Zealand Pharma’s Phase 2 study of petrelintide reported a 10.7% reduction in body weight at 42 weeks, missing the 12–15% range anticipated by analysts. Financial institutions, including UBS, Barclays, Jefferies, and JPMorgan, characterized the results as underwhelming. Cantor Fitzgerald
MoreTLDR GE shares declined 3.7% to $327.13 on Thursday, reaching an intraday low of $320.79. This decline follows an approximate 73% surge, with profit-taking and a softer overall market identified as primary factors. Fourth-quarter earnings surpassed forecasts with EPS of
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TLDR In February, the U.S. economy saw a decline of 92,000 jobs, significantly missing the anticipated growth of 55,000–60,000. The unemployment rate climbed to 4.4%, surpassing the 4.3% projection. Futures for the Dow, S&P 500, and Nasdaq experienced sharp declines
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