VegaX Technologies

VegaX Market Highlights - March 4 2025 Trump Pushes Crypto Reserve to Strengthen Industry Donald #Trump announced that the U.S. Crypto Reserve will support the digital asset industry after years of regulatory pressure under Biden. He directed officials to include XRP, SOL, and ADA in the strategy and emphasized making the U.S. the global #crypto hub. He also voiced support for #BTC and #ETH. Following his statement, the crypto #market surged over 15%. White House Crypto & AI Chief David Sacks hinted at further announcements at the March 7 White House Crypto Summit. Trump Enforces New Tariffs on China, Mexico, and Canada Trump confirmed new #tariffs on imports from China, Mexico, and Canada starting March 4, along with reciprocal tariffs on global goods, including agriculture, from April 2. He signed an order imposing an extra 10% tariff on Chinese goods and upheld a firm 25% tariff for Mexico and Canada. Urging American farmers to prepare for increased demand, he reinforced his protectionist stance. His trade policies caused a sharp drop in the crypto market after an initial rally. Trump Halts Military Aid to Ukraine After Zelensky Clash Reports indicate that Trump has ordered a complete halt to U.S. military aid to #Ukraine. This follows his meeting with Ukrainian President Volodymyr Zelensky at the White House, where he pushed for a #ceasefire plan. Trump also proposed a resource-sharing agreement where revenue from Ukraine’s natural resources and infrastructure would be partially allocated to a joint U.S.-Ukraine fund. U.S. Core PCE Rises 0.3% in January, Meets Expectations The U.S. Bureau of Economic Analysis reported that core Personal Consumption Expenditures (PCE) increased by 0.3% in January, aligning with market forecasts. On a year-over-year basis, the index rose by 2.6%. The core #PCE, which excludes food and energy, is considered the Federal Reserve’s preferred measure of inflation. Citi: U.S. Crypto Reserve More Likely After Trump’s Remarks A #Citi report indicated that Trump’s recent statements raised the chances of a U.S. crypto reserve. Analyst Alex Saunders noted that government-backed digital asset holdings would enhance legitimacy. The report estimated U.S. holdings at $19 billion, mostly in confiscated Bitcoin, but cautioned about market volatility if asset selection criteria remain unclear. BofA CEO Confirms Stablecoin Business Plans Bank of America CEO Brian Moynihan revealed plans to enter the #stablecoin market, contingent on regulatory approval under the Trump administration. He stated that the bank would launch a stablecoin linked to customer accounts, branded as the #BofA token, once legal frameworks are established. FBI Confirms North Korea Behind Bybit Hack The FBI officially identified North Korea as the perpetrator of the #Bybit hacking incident, which resulted in losses of approximately $1.4 billion.

VegaX Market Highlights - February 25 2025 Bybit Hacked: $1.46 Billion Stolen, Lazarus Suspected #Bybit lost $1.46 billion in a cyberattack, with North Korea’s Lazarus Group as the prime suspect. The stolen #Ethereum was quickly moved and cashed out. Bybit remains operational and has frozen $42.89 million with support from platforms like Tether and Circle. #FOMC Minutes: Strong Labor Market, Inflation Still High The Fed’s January minutes show support for holding interest rates steady. Officials cited stable economic growth and a strong labor market but noted inflation remains a concern. SEC to Drop Lawsuit Against Coinbase #Coinbase CEO Brian Armstrong announced an agreement with the #SEC to dismiss their lawsuit without penalties. Formal approval is expected next week. The SEC has been reviewing crypto-related enforcement actions from the Biden administration. Standard Chartered: Bitcoin Could Hit $500K Standard Chartered predicts sovereign wealth funds will boost #Bitcoin adoption. Abu Dhabi’s investment in BlackRock’s Bitcoin ETF signals growing institutional interest, with BTC potentially reaching $500,000 by 2028. FTX Begins Creditor Payouts #FTX creditor group representative Sunil Kavuri confirmed some repayments. Reports indicate $800 million has been returned to 162,000 accounts, covering 35% of claims. Shinhan Bank Expands Crypto Strategy South Korea’s #Shinhan Bank has launched a #crypto task force to strengthen ties with Korbit and explore new marketing strategies. It also plans to expand partnerships with crypto custody firms. China Keeps Interest Rates Unchanged China’s central bank has maintained its Loan Prime Rate at 3.1% (1-year) and 3.6% (5-year) for the fourth straight month, reflecting a cautious economic approach. #cryptocurrency #investment

VegaX Market Highlights - February 18 2025 Trump Engages in Talks with Russia and Ukraine, Sees Hope for Peace President #Trump announced that he held discussions with Russian and Ukrainian leaders, expressing optimism about ending the war. He stated that both sides agreed to begin negotiations immediately. CFTC Chair Nominee Pledges U.S. Leadership in Blockchain Innovation Brian Quintenz, nominated as the next #CFTC chair, stated that the agency is committed to maintaining U.S. leadership in #blockchain and financial technology, reinforcing regulatory clarity for the industry. U.S. Inflation Exceeds Expectations Both the U.S. Producer Price Index (PPI) and Consumer Price Index (CPI) for January came in higher than expected. #PPI rose 0.4% from the previous month, surpassing the forecasted 0.3%, while #CPI increased 3.0% year-over-year, exceeding the anticipated 2.9%. Core inflation also outpaced projections, indicating that inflation is cooling more slowly than expected. If #inflation remains elevated, the Federal Reserve may delay interest rate cuts, which could put short-term pressure on the #cryptocurrency #market. #JPMorgan Holds $1M in Spot Crypto ETFs, Bitcoin Holdings Up 69% JPMorgan’s latest SEC filing reveals $1 million in spot crypto #ETF holdings, including nearly $965,000 in #Bitcoin ETFs, marking a 69% increase from the previous quarter. #Ethereum ETF exposure remains minimal. Citi: Ethereum Fundamentals Strong Despite Recent Price Dip #Citi reports that Ethereum’s fundamentals remain solid, with significant growth in total value locked (TVL) and steady ETF inflows. Analysts also highlight the impact of regulatory clarity on altcoin sentiment. South #Korea to Allow Corporate Crypto Accounts for Liquidation The South Korean financial regulator announced a roadmap to gradually permit corporate participation in the #crypto market. This includes allowing real-name accounts for crypto liquidation starting in the first half of the year. Visa Introduces Bitcoin Credit Card with Up to 2% Cashback #Visa has launched a Bitcoin credit card in collaboration with Fold, allowing users to earn up to 2% cashback in BTC. Standard cardholders receive 1.5% in Bitcoin rewards on purchases. #fed #ratecuts #investment

VegaX Market Highlights - February 11 2025 U.S. Job Growth Falls Short of Expectations in January The U.S. economy added 143,000 jobs in January, missing the forecast of 169,000. The unemployment rate dipped slightly to 4.0%, beating expectations. #Bitcoin remained stable between $95,000 and $100,000 following the report, reflecting market uncertainty. One-Third of U.S. States Considering #Crypto #Investment for Public Funds Sixteen U.S. states are exploring legislation to invest public funds in #cryptocurrency or hold Bitcoin as a strategic reserve. Utah appears closest to passing such a bill, which would allow up to 5% of specific state funds to be allocated to qualified digital assets. Donald Trump Jr.: ‘Crypto Is the Future of U.S. Economic Power’ At a New York summit, Donald Trump Jr. emphasized that cryptocurrency is key to maintaining U.S. economic dominance. He urged the development of a supportive regulatory framework and warned against excessive restrictions imposed by those unfamiliar with the industry. Trump Sparks Controversy with Comments on Gaza Control During a press conference with Israeli PM Netanyahu, President #Trump stated that the U.S. should "take control" of #Gaza and pledged to impose tougher sanctions on Iran. His remarks have drawn international criticism, with concerns over potential forced displacement in Palestine. FTX Bahamas to Begin Repaying Small Creditors on February 18 #FTX Bahamas will start repaying creditors with claims under $50,000. A key creditor representative confirmed that emails have been sent to claimants, with $345 million still tied to unverified accounts. Trump Plans 25% Tariffs on All Imported Steel and Aluminum Trump announced plans to impose 25% #tariffs on imported steel and aluminum, adding to previous trade restrictions. He also hinted at new retaliatory tariffs to be unveiled on February 11 or 12, signaling a tougher stance on international trade. #digitalassets #strategicreserve

[VegaX Market Highlights - February 4 2025] -Global Markets Hit by Trade #Tariff Shocks #Bitcoin fell over 6%, while #Ethereum and #XRP dropped more than 19% and 20% after U.S. President Donald #Trump announced steep tariffs on imports from Canada, Mexico, and China. The move heightened trade tensions, triggering a sharp decline in major stock indices. -AI Breakthrough "DeepSeek" Disrupts Market, Sends NVIDIA Shares Tumbling The launch of #DeepSeek R1, an #AI model developed in China, has shaken the tech industry. Boasting comparable performance to leading AI models but at a fraction of the cost, it quickly topped app store charts. The news triggered a nearly 17% drop in NVIDIA’s stock, wiping out $600 billion in market value. Analysts suggest this marks a new era in AI competition, potentially easing inflation through reduced computing costs. -U.S. Core PCE Inflation Rises 0.2% in December, Meets Expectations The U.S. Commerce Department reported a 0.2% month-over-month increase in the core Personal Consumption Expenditures (#PCE) price index for December, aligning with forecasts. This indicator, closely watched by the Federal Reserve, excludes volatile food and energy prices. The report had little immediate impact on Bitcoin prices. -Fed Chair Powell: Banks Can Handle Crypto Clients with Proper Risk Management Federal Reserve Chair Jerome Powell stated that banks are fully capable of serving #crypto-related clients, provided they manage risks effectively. While acknowledging the need for stricter standards for banks engaged in crypto services, he emphasized that the Fed does not oppose innovation in the sector. Following his remarks, Bitcoin saw a brief price surge. -Federal Reserve Holds Interest Rates Steady, Matching Market Expectations The Federal Reserve announced it would maintain its benchmark interest rate within the 4.25%-4.50% range, in line with market forecasts. The decision is seen as a response to economic uncertainty, particularly amid rising trade tensions and inflationary pressures. -U.S. Senate Confirms Crypto-Friendly Treasury Secretary Scott Bessent The U.S. Senate confirmed Scott Bessent as Treasury Secretary, with a 68-29 vote. Known for his pro-crypto stance and opposition to central bank digital currencies (CBDCs), Bessent has previously stated that the U.S. has no need for a CBDC and has praised Trump’s openness toward #cryptocurrency. His appointment is expected to shape future #financial policies in favor of digital assets. #digitalassets #nvidia #investment

VegaX Market Highlights - January 28 2025 Trump Directs Task Force on National Digital Asset Reserve President Donald hashtag #Trump has issued an executive order establishing a task force to oversee U.S. digital asset strategy. Key priorities include creating federal regulatory frameworks for stablecoins and evaluating national digital asset reserves. The group will collaborate with top experts and government agencies to guide its policies. Global Financial Giants Show Increased Interest in Crypto Markets Morgan Stanley's CEO, Ted Pick, announced plans to collaborate with U.S. regulators on hashtag #crypto services, stressing the need for clear rules. Meanwhile, Deutsche Bank predicted a bullish 2025 for hashtag #Bitcoin, citing institutional adoption, regulatory progress, and supportive U.S. policies as key drivers. US Government Explores Blockchain Adoption for Policies Elon Musk, head of the U.S. Department of Government Efficiency (D.O.G.E), is reportedly considering hashtag #blockchain technology to enhance policy efficiency, according to unnamed sources. The initiative aims to reduce federal expenses and combat fraud, aligning with broader efforts to strengthen the digital asset sector. No official statement has been issued yet. US SEC Repeals Crypto Custody Accounting Rule The hashtag #SEC has officially rescinded "SAB 121," a rule that previously required banks to report hashtag #cryptocurrency holdings as liabilities. This decision is expected to create a more favorable regulatory framework, enabling banks to provide crypto custody services without significant accounting constraints. Berkshire Hathaway Expands Investments in Crypto Stocks Despite Warren Buffett's well-known criticism of cryptocurrencies, Fortune reports that Berkshire Hathaway has increased its stake in crypto-related stocks. The company now holds 86 million shares (valued at $1.2 billion) in Nubank, a Brazilian crypto-focused financial firm, marking a significant investment growth since 2021. Japan Raises Interest Rates to 17-Year High The Bank of Japan raised its benchmark interest rate by 25 basis points to 0.5%, the highest level since 2008. This marks the second rate hike in six months, reflecting the central bank's efforts to adjust monetary policy in a volatile economic environment. Korea to Expedite Corporate Crypto Accounts and Stablecoin Legislation South Korea’s Financial Services Commission (FSC) plans to permit corporate cryptocurrency investments and accelerate the creation of hashtag #stablecoin regulations. The FSC chair emphasized the importance of minimizing user impact in crypto-related enforcement actions and aims to finalize related policies soon. #investment #digitalasset #morganstanley #deutschebank #berkshirehathaway #warrenbuffett #market

??? Happy Lunar New Year! Welcome the Year of the Snake! ??? The Snake represents intelligence, innovation, and transformation—qualities that perfectly align with the groundbreaking work we’re doing at VegaX. As leaders in leveraging AI and deep learning, we’re committed to redefining how financial data is created, analyzed, and utilized. Our focus on synthetic data generation and reinforcement learning models is helping investors uncover deeper insights and smarter strategies in an ever-changing market landscape. The Year of the Snake inspires us to stay sharp, agile, and visionary as we continue shaping the future of finance. To our partners, investors, and supporters: thank you for trusting us to lead the way. Here’s to a year of growth, resilience, and innovation. ???? #LunarNewYear #YearOfTheSnake #DeepLearning #FinanceAI #AI #VegaX #Innovation