Historical data shows that Bitcoin typically gains 20% within a month of major spikes in oil prices. Should traders prepare for a rally to $79,000? Key takeaways: Oil price spikes often precede 20% spikes in Bitcoin value, though initial market reactions remain volatile and unpredictable. Bitcoin currently mirrors tech stocks with an 81% Nasdaq 100 correlation, making it less sensitive to oil prices. Read more
The political action committee Fairshake continues to report spending on political candidates from its $193 million war chest, largely funded by crypto interest groups. Fairshake, the political action committee backed by crypto companies Ripple Labs and Coinbase, among others, has reported additional spending on Illinois congressional races with the US midterm elections less than eight months away. In filings on Sunday with the Federal Election Commission, Fairshake reported a $16,000 media buy to oppose Illinois state representative La Shawn Ford in his run for the US Congress in 2026, adding to its roughly $1.8 million spent in 2026 on the race. The state is set to hold primary elections on March 17. The filing followed others from Friday, showing that the PAC spent more than $5.5 million to oppose Illinois Lieutenant Governor Juliana Stratton, who is running as a Democrat for the US Senate in the midterm elections. Protect Progress, a Fairshake associated group supporting Democratic candidates, reported ab...
Precast concrete part maker Prebet Aiud (PREB.RO), has bought 4.13% in Fortalis Holding, previously known as ROCA Investments, for about EUR2.75 million, it said in a report to the Bucharest Stock Exchange.
The partnership aims to reduce fragmentation in European capital markets by enabling blockchain-based settlement of tokenized securities. Nasdaq said it is working with Boerse Stuttgart Group’s tokenized settlement platform Seturion to connect its European trading venues to infrastructure designed to settle tokenized securities using distributed ledger technology. According to Monday’s announcement, the collaboration will initially focus on structured products and aims to support faster settlement of tokenized assets across European capital markets. Seturion supports multiple asset classes across public and private distributed ledger networks and allows transactions to be settled using either central bank money or on-chain cash. Boerse Stuttgart said the platform is intended to be open to a broader network of financial institutions across Europe. Read more