Crypto World
Super Micro Computer (SMCI) Stock Plunges 33% Following Co-Founder’s Federal Smuggling Indictment
Key Highlights
- Super Micro Computer shares plunged 33% on March 20, settling at $20.53, following the unsealing of criminal indictments against three company-connected individuals, including co-founder Wally Liaw
- Federal prosecutors allege Liaw orchestrated the smuggling of approximately $2.5 billion worth of Nvidia-equipped AI servers to China in violation of U.S. export regulations
- Liaw stepped down from his board position immediately upon arrest; DeAnna Luna assumed the role of interim Chief Compliance Officer
- Northland Securities analyst Nehal Chokshi reduced SMCI’s rating to Hold while cutting the price target by 65%, from $63 down to $22
- Technical indicators show SMCI’s 14-day RSI dropping to approximately 24, indicating oversold territory, while short interest registers at 14.7%
Super Micro Computer (SMCI) experienced one of its worst trading sessions in recent memory. Shares collapsed 33% on March 20 following the Department of Justice’s unsealing of criminal indictments against three individuals connected to the server manufacturer.
Super Micro Computer, Inc., SMCI
The defendants include Yih-Shyan “Wally” Liaw, one of the company’s co-founders, who was taken into custody by federal authorities. Liaw tendered his resignation from the board of directors immediately after his arrest.
According to federal prosecutors, the accused individuals facilitated the illegal export of roughly $2.5 billion in Nvidia-based artificial intelligence servers to China, circumventing strict U.S. export control laws. The scheme allegedly involved routing the hardware through a Southeast Asian intermediary company for repackaging before final shipment to Chinese destinations.
Super Micro was not identified as a defendant in the criminal case. In response to the allegations, the company terminated one contract worker and placed two employees on suspension.
Board and Executive Restructuring
SMCI finished trading at $20.53 on March 20, a dramatic fall from its 2024 peak above $100. During pre-market hours on Monday, the stock traded near that closing price, briefly declining 0.88% before recovering to slightly positive territory.
With Liaw’s exit, the board of directors now consists of eight members. The company tapped DeAnna Luna to serve as interim Chief Compliance Officer. Luna, who came aboard in 2024, brings more than two decades of trade compliance expertise from previous positions at Intel and Teledyne Technologies.
Super Micro also revealed it has divided the previously combined Chief Compliance Officer and Chief Financial Officer positions into separate roles. The company offered no explanation for Liaw’s departure and has not indicated whether it intends to appoint a replacement to fill the vacant board seat.
Wall Street Downgrades Price Expectations
Nehal Chokshi of Northland Securities lowered his rating on SMCI from Buy to Hold on Monday. His price objective was slashed 65%, dropping from $63 to $22.
Chokshi acknowledged the separation of the CCO and CFO roles as a constructive step but characterized it as “reactionary rather than proactive.” He cautioned that the stock would likely experience stagnant revenue and earnings until the company addresses the dual role of Charles Liang, who currently serves as both Chairman and CEO.
Argus Research likewise downgraded SMCI to Hold in response to the criminal charges. According to TipRanks, the consensus rating stands at Hold, based on two Buy recommendations, eight Hold ratings, and three Sell calls. The mean price target among analysts is $34.33.
This development compounds an already challenging period for the organization. Late in 2024, auditing firm Ernst & Young abruptly resigned, citing alleged independence issues between the board and executive management. Super Micro has additionally struggled with delayed regulatory submissions and received compliance notifications from Nasdaq during this timeframe.
From a technical perspective, the chart presents concerning signals. The 14-day Relative Strength Index hovers around 24, indicating oversold conditions while also reflecting continued selling momentum. The stock is trading beneath all significant moving averages, including the 50-day average, confirming a sustained downward trend. Current short interest is approximately 14.7%.
The analyst consensus price target of $34.33 suggests potential upside of 67.2% from present levels, although the route to that valuation remains uncertain given the ongoing federal legal proceedings.
Crypto World
BTC USD Price Runs Toward $72,000 as Middle East Tensions Cools: $160M in Shorts Liquidated
The Bitcoin price is ripping. BTC USD price reclaimed $71,000 this afternoon, erasing weekly losses as reports of postponed Iranian strikes triggered a massive risk-on pivot. The sudden reversal caught bears offside, triggering over $160 million in short liquidations in just a few minutes.
Markets were pricing in immediate war escalation over the weekend. Trump’s ultimatum to reopen the Strait of Hormuz initially sent Bitcoin sliding below $67,000, tightly correlating digital assets with broader geopolitical risk. But the announcement of a five-day delay in strikes alleviated immediate fears, allowing capital to rotate aggressively back into risk assets.
The relief rally was violent. Traders who front-ran the “war trade” by shorting were forced to cover, fueling a classic short squeeze. While the situation remains volatile, the immediate market analysis suggests the panic discount has been fully repriced. The Fear and Greed Index has flipped back from Fear to Greed in a matter of hours.
Can BTC USD Reclaim $72,000 Price Resistance?
Bitcoin is trading at $71,450, hammering against the psychological $$72,000 barrier. The recovery from the $67,000 lows confirms strong demand at the 50-day EMA, a level that has acted as a springboard for previous legs up. The RSI on the 4-hour chart has reset from oversold territory and is now pushing neutral 52, leaving room for further upside.
Bulls need to see a daily close above $71,500 to confirm this is a resumption of the uptrend rather than a dead-cat bounce. If that level breaks, the path to the $74,000 annual high is clear. Conversely, a rejection here could see prices retest the key support levels around $67,500.
- Bull Case: A clean break and close above $72,000 targets $74,700 next.
- Bear Case: Failure to hold $68,500 risks a flush back to liquidity pools at $66,200.
Until $67,500 is lost, bulls are in control of the immediate trend.

$160M in Shorts Wiped in Minutes
CoinGlass data reveals that over $160 million in BTC USD short positions were liquidated as the price blasts above $71,000. This indicates that positioning was overly bearish, anticipating a deeper flush from the Hormuz crisis, which never materialized.
Funding rates have begun to tick upwards, suggesting leverage is re-entering the system on the long side. However, open interest is yet to reclaim its yearly highs, implying this rally is driven more by spot demand and short covering than by frothy leverage. This is a healthy signal for sustainability.

Traders are now watching the $71,200 level closely. With Trump’s influence on the geopolitical narrative still a wild card, any headline regarding the expiration of the five-day pause could reintroduce volatility.
BTC USD Price Is Bullish, And Investors Are Ready to Rotate to Infrastructure as Hyper Targets SVM Scalability
While spot Bitcoin finally breaks the $70,000 barrier, smart money creates a noticeable trend of capital rotation into high-beta infrastructure plays. Investors often hedge against mainnet chop by allocating to Layer 2 protocols that promise to solve Bitcoin’s velocity constraints.
The project has followed the market sentiment, amassing an impressive $32 Million in its ongoing presale. Bitcoin Hyper aims to deliver sub-second finality and high-speed smart contracts directly to the Bitcoin ecosystem, effectively bridging the gap between Bitcoin’s security and Solana’s speed. $HYPER is currently priced at $0.0136 with 36% APY on staking rewards.
This massive fundraising milestone indicates that investors are rotating toward infrastructure capable of unlocking trillions in dormant BTC capital.
Find Bitcoin Hyper here.
The post BTC USD Price Runs Toward $72,000 as Middle East Tensions Cools: $160M in Shorts Liquidated appeared first on Cryptonews.
Crypto World
U.S. lawmakers to introduce bipartisan bill banning sports betting on prediction markets: WSJ
A bipartisan group of lawmakers plans to introduce legislation that would ban sports betting on prediction markets including Polymarket and Kalshi.
U.S. lawmakers are set to introduce a bipartisan bill that would prohibit sports betting on prediction markets such as Polymarket and Kalshi, according to reporting from The Wall Street Journal. The legislative action targets the growing use of decentralized and offshore prediction platforms for wagering on sporting events.
Polymarket and Kalshi are among the largest prediction market platforms, with Polymarket operating on the Polygon blockchain and Kalshi operating as a regulated U.S.-based platform. The move reflects ongoing regulatory scrutiny of prediction markets and sports betting activities outside traditional regulated channels.
This article was generated automatically by The Defiant’s AI news system from publicly available sources.
Crypto World
Bitcoin Cash (BCH) gains 2.3%, leading index higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2025.84, up 0.2% (+3.37) since 4 p.m. ET on Friday.
Seven of 20 assets are trading higher.

Leaders: BCH (+2.3%) and SOL (+1.0%).
Laggards: APT (-5.3%) and ICP (-3.6%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Crypto World
Michael Saylor’s Strategy (MSTR) renews $42 billion BTC buying plans
Strategy (MSTR) has unveiled a $42 billion at the market (ATM), equity program, split between $21 billion of Class A common stock (MSTR) and $21 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock, Stretch (STRC), according to an 8-K filing.
The company also introduced a new $2.1 billion ATM for its STRK preferred stock, replacing a prior STRK program that had more than $20 billion remaining.
The company expanded its sales syndicate. Strategy added Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial, bringing the total number of agents to 19. These firms act as intermediaries, selling shares into the market over time, allowing the company to raise capital gradually rather than through large, one-time offerings.
As of March 22, Strategy still had capacity remaining on its existing ATM programs. This included approximately $6.24 billion of common stock, $1.98 billion of STRC, $20.33 billion of STRK, and $1.62 billion of STRF available for issuance.
The company last week purchased another 1,031 bitcoin, bringing holdings up to 762,099 coins. Shares are modestly higher on Monday as bitcoin trades up slightly from the Friday close at $71,300.
Crypto World
China Development Forum welcomes U.S. execs revamping market push
Apple CEO Tim Cook (L) stands with Siemens CEO Roland Busch prior to the opening ceremony of the China Development Forum 2026 at the Diaoyutai State Guesthouse on March 22, 2026 in Beijing, China.
China News Service | China News Service | Getty Images
BEIJING — As corporate giants navigate U.S.-China tensions, more than 80 global executives, from Apple to Eli Lilly, traveled to Beijing this weekend for the annual state-organized China Development Forum.
The executives’ remarks reflected renewed interest in capturing the Chinese consumer, after years of uncertainty from the Covid-19 pandemic, slower growth and U.S. trade tensions.
Fresh off a recovery in Apple iPhone sales in China, the company’s CEO Tim Cook took the stage after Chinese Premier Li Qiang on Sunday, praising the “extraordinary” pace of technological progress in the country, such as factory automation.
He said: “We are proud to be part of that progress, and we’re committed to working alongside our supplier partners to push it even further.” He added that more than 90% of Apple’s production in China is powered by clean energy.
Apple still manufactures most of its iPhones in China, which accounted for nearly 18% of Apple’s revenue in the December quarter. Thanks to the iPhone 17 release, Apple smartphone sales in the first nine weeks of the year were up 23% year-on-year, bucking a 4% decline in China’s overall smartphone market, according to Counterpoint Research.
On his way to Beijing, Cook also visited Chengdu, China, as Apple has been pressured to cut its China App Store fees.
According to an official delegate list seen by CNBC, attendees included more than 30 executives of U.S. companies, including McDonald’s, Coach parent Tapestry, and Mastercard, along with representatives of British, South Korean and German corporations.
Their trips to Beijing come as the U.S. and China reached a trade truce in October that lowered the effective tariff rate to less than 50% for a year. It remains unclear whether the two countries can extend the truce and whether Beijing will agree to allow more critically needed rare earths to leave the country.
U.S. President Donald Trump was scheduled to visit Beijing later this month for trade talks, but delayed the plans by at least a few weeks due to the Iran war.
U.S. companies have pushed ahead with plans to invest in China, even as the White House has sought to encourage more of that spending to return home.
Pharmaceutical giant Eli Lilly announced in March plans to invest $3 billion in China over the next decade. The company reported that just under 3% of its revenue came from China last year.
CEO David A. Ricks told CNBC’s Eunice Yoon that he sees “significant” potential in China for the company’s GLP-1 obesity drug, if there are better reimbursement systems.
Beijing has made incremental improvements to foreign access.
Eli Lilly’s Mounjaro weight-loss drug was added to China’s list for reimbursements under the state-run health insurance this year.
On Sunday, China’s Premier Li said Beijing would make it easier for foreign businesses to access the country’s services sector. He added that China would also buy more healthcare and digital technology products from abroad.
He also pushed back on the idea that state subsidies drove China’s technological development, while stating that the country has never pursued a trade surplus. Li noted that many products made in China by foreign companies are exported back to their home markets, with profits accruing to investors.
China reported a record trade surplus in 2025. This year, China began its 15th five-year development plan, with a focus on boosting tech self-sufficiency as well as domestic demand. Measures to support consumption have focused on trade-in subsidies and incremental increases to social welfare.
But the high-level China Development Forum didn’t reflect all views. Stephen Roach, an economist and senior fellow at Yale Law School, said he was not invited this year, after 25 years of attending the event.
“My focus on consumer-led rebalancing was always presented as constructive criticism,” he told CNBC by email. “Ironically, it is something they have finally embraced in the 15th five-year plan — albeit with inadequate policies.”
But executives that were still invited have businesses at stake. Volkswagen CEO Oliver Blume has now visited Beijing twice in just four weeks. He accompanied German Chancellor Friedrich Merz on a state visit in late February.
“Our long-standing partnership provides an opportunity to address challenges clearly at the China Development Forum as well: volatile supply chains, an imbalance between supply and demand, and high price pressure in the market,” Blume said in a statement distributed to media.
“As China’s largest foreign investor, we rely on stable framework conditions,” he said. “That is why we welcome measures to sustainably improve domestic demand and fair competition, as well as the stabilization of supply chains.”
“This year will be a very crucial one,” Blume told CNBC’s Eunice Yoon on the sidelines of the forum Sunday.
After a three-year effort to build up local manufacturing and tech capabilities, Volkswagen is launching 20 new models in China this year. The automaker reported an 8% drop in China passenger car sales last year.
Crypto World
Hyperliquid’s fee machine is trading like a cheap growth stock
Hyperliquid is generating $14M in weekly fees and leading DeFi growth, but analysts say HYPE still trades at a discount to its fee run‑rate and CEX-style positioning.
Summary
- Hyperliquid generated $14 million in protocol fees over seven days, up 56% week‑on‑week, while HyperEVM’s transactions grew 55% and active users 25%, making it the fastest‑growing chain by proportional activity.
- HYPE has surged more than 600% since launch and recently jumped 17.1% in a single day to about $31.86, even as it trades roughly 44% below its all‑time high with around $6.2 billion in TVL and over $1.23 billion in open interest.
- Analysts say “fees‑to‑valuation remains compelling relative to CEX comps,” arguing that growth‑adjusted multiples still discount Hyperliquid’s fee run‑rate and positioning as an on‑chain perps hub.
Hyperliquid (HYPE), a decentralized perpetuals exchange built around its own HyperEVM chain, has emerged as one of DeFi’s most aggressive fee‑generating protocols in early March 2026. In its latest weekly market brief, altFINS highlighted that “Hyperliquid generated $14.0M in fees over the past week, a +56% increase week‑on‑week, this is exceptional for a derivatives platform and confirms that on‑chain perps activity is picking up meaningfully.”
The same report singled out the underlying chain, noting that “HyperEVM deserves a specific mention, 55% transaction growth this week and a 25% uptick in active users. It’s the fastest‑growing chain by proportional activity, which correlates with HYPE’s strong price momentum.”
Off‑chain statistics mirror that acceleration. HyperEVM has processed roughly 97.8 million total transactions with average daily volume near 434,000, while cumulative on‑chain fees have surpassed $256.2 million since launch, according to analytics compiled by CoinLaw. Daily DEX volumes on HyperEVM peaked near $0.9 billion in late May 2025, with app fees topping $8 million in June and weekly active addresses recently pushing above 106,000 as TVL approached $1.9 billion. “Sustained growth signals that both traders and developers are participating in HyperEVM ecosystem activities,” the report concluded, underscoring how deeply Hyperliquid’s order books now anchor DeFi trading flows.
That surge in usage is feeding directly into HYPE’s token economics. A recent daily market analysis from MEXC noted that Hyperliquid’s platform “generated $13M in weekly fees with TVL exceeding $6.2B, signaling strong institutional demand,” even as HYPE “is up 662% since its November 2024 launch, currently trading 44% below its all‑time high.” On March 3, the token “surged 17.1% to $31.86 as traders flocked to its 24/7 commodity derivatives during US‑Iran tensions,” with open interest hitting $1.23 billion and deflationary buybacks removing 17,146 tokens to offset an upcoming $316 million contributor unlock, according to a follow‑up report.
Crucially, the market still appears to undervalue that growth relative to traditional exchanges. “With HYPE’s price also rallying, the market is beginning to price in the fundamental activity, though fees‑to‑valuation remains compelling relative to CEX comps,” altFINS wrote, framing Hyperliquid as a rare example where protocol revenues are outrunning token appreciation. On a simple revenue model, annualizing this week’s $14 million in fees implies roughly $728 million in run‑rate protocol revenue if activity holds, a level that would command mid‑to‑high single‑digit forward multiples in listed exchange stocks.
For traders, the setup resembles a late‑stage SaaS rerating: either fees and user growth normalize back toward DeFi peers, or HYPE continues to climb until its market cap better reflects a derivatives venue that is already capturing billions in on‑chain flow. Key live metrics and charts for HYPE can be tracked via dedicated market‑cap dashboards, while broader DeFi coverage on crypto.news—including analyses of derivatives platforms, protocol fee trends and altcoin market structure—provides additional context for Hyperliquid’s rise.
Crypto World
Mangoceuticals (MGRX) Stock Rockets 130% Following CEO’s Substantial Share Award
Key Highlights
- Shares of MGRX skyrocketed more than 129% during Monday’s trading following SEC disclosure of a 500,000-share bonus awarded to CEO Jacob Cohen.
- An additional 200,000 shares were transferred by Cohen to The Tiger Cub Trust, an entity under his control, increasing the trust’s holdings to 805,000 shares.
- Daily trading volume exploded to over 107 million shares, vastly exceeding the three-month average of approximately 208,000.
- Despite Monday’s surge, the stock declined 54.51% in Friday’s session and remains down 78.11% for the year.
- Analyst consensus remains at “Strong Sell” with no current price target coverage from major firms.
Shares of Mangoceuticals (MGRX) experienced a dramatic surge exceeding 129% during Monday’s trading session following the disclosure of regulatory filings showing CEO Jacob Cohen was granted 500,000 shares as bonus compensation.
In the same filing, Cohen relocated 200,000 shares into The Tiger Cub Trust, which operates under his direction, pushing the trust’s aggregate position to 805,000 shares. The simultaneous disclosure of both equity movements ignited significant market attention.
The rally represents a sharp reversal from Friday’s trading, when shares plummeted 54.51%. Year-to-date performance shows MGRX down 78.11%, while the 12-month decline stands at 96.59%.
Trading activity on Monday was extraordinary, with transaction volume surpassing 107 million shares—a massive increase compared to the typical three-month daily average of roughly 208,000 shares.
According to MarketBeat records, the most recent closing price stood at approximately $2.33 per share as of late October 2025. Currently, no active analyst price targets are available for the stock.
Legal Action and Intellectual Property Initiatives
Beyond executive compensation disclosures, Mangoceuticals has been active on multiple strategic fronts. The company announced it initiated litigation against Clarity Ventures, Inc., its former technology partner, pursuing damages in excess of $73 million. The legal action alleges breaches related to technology service delivery and platform development obligations.
Regarding intellectual property expansion, the company submitted a PCT international patent application in February for MGX-0024, described as an antiviral additive technology designed for incorporation into animal feed and water systems. The February 26, 2026 filing aims to secure worldwide patent protection.
Operational Highlights
The company’s $99 monthly injectable testosterone replacement therapy (TRT) subscription service has demonstrated strong performance. Company executives reported 336% month-over-month revenue growth beginning in mid-December, accompanied by a 54% reduction in customer acquisition expenses.
Mangoceuticals additionally launched MangoRx Direct and PeachesRx Direct in November 2025. These direct-to-consumer platforms offer access to GLP-1 weight management medications including Zepbound and Wegovy, with monthly pricing beginning around $499 on a cash-pay model.
However, despite operational developments, Wall Street coverage remains limited and unfavorable. MarketBeat data shows one Sell rating with no Buy or Hold recommendations currently assigned to the stock.
The overall analyst consensus stands at “Strong Sell,” with no major investment firms having issued upgrades, downgrades, or fresh price objectives in recent months.
The latest available closing price on record stands at roughly $2.33 per share from late October 2025.
Crypto World
NovaBay Pharmaceutical (NBY) pivoting to crypto
NovaBay Pharmaceuticals (NBY) — a nanocap with a market capitalization of about $30 million — has renamed itself Stablecoin Development Corporation and changed its ticker to SDEV, marking a full shift from healthcare to crypto.
This follows a $134 million private placement backed by firms including Framework Ventures and Tether Investments, the company said.
The firm is using those funds to build a large position in SKY, the governance token tied to the Sky protocol, a decentralized finance protocol that issues the cryptocurrency-backed dollar-pegged stablecoin USDS..
The company currently holds about 2.06 billion SKY tokens, roughly 8.78% of the total supply, worth around $147 million. It acquired over half of that on the open market at an average price near $0.065. The rest came as part of the financing deal, which included cash and stablecoins.
The firm has also begun staking its holdings to earn rewards. It reports earning about 26.6 million SKY tokens so far, with these rewards varying based on network rules and participation.
CoinDesk has reached out to Stablecoin Development Corp for comments, but hasn’t heard back at the time of writing.
Sky, which evolved from MakerDAO, currently has a SKY staking rate of over 10%, according to the protocol’s website. The token’s value is down around 1.45% over the last 24 hours, while the broader crypto market rose 4% over the same period, as measured by the CoinDesk 20 (CD20) index.
NBY is higher by 5% on Monday.
Crypto World
Monero Price Prediction: XMR Trapped Below $180 as Exchange Liquidity Dries Up
Monero (XMR) slammed into a brick wall at $380 this week, fueling a bearish Monero price prediction as momentum drains from the privacy coin sector.
The rejection was violent and precise. Price action is now curling downward, trapped beneath the 200-day Exponential Moving Average (EMA) with bears firmly in control of the tape.
Monero Price Prediction: Can XMR Hold $150 or Is a Crash to $135 Coming?
XMR is sitting at $355.95 on the 2h chart, and the structure here is messy but there is something worth noting underneath the noise.
Price got absolutely obliterated in early February, dropping from above $400 all the way to $287 in a near-vertical flush, and what has happened since then is a slow and choppy recovery that has been grinding higher lows over the past 6 weeks without ever fully breaking down again.

The $400 level marked on the chart as a red dotted line is the psychological and technical ceiling that has not been reclaimed since the initial dump, and every rally attempt since February has failed to get back there, including the most recent push to $383 which rolled over and pulled back to the $340 range before bouncing again.
The current price action shows XMR bouncing off the $340 area for the second time in a week, which is starting to define that zone as a short term support floor, and the move back toward $356 suggests buyers are showing up there consistently.
The immediate resistance to clear is the $360 to $370 range where price has been churning, and above that the $383 recent high is the last wall before $400 comes back into view.
The bearish case is straightforward, lower highs since the February peak combined with a choppy recovery structure suggests this is distribution rather than accumulation, and a break below $340 would open the door back toward the $305 to $310 lows.
The $400 level is the line in the sand. Until that gets reclaimed, this chart is still in recovery mode, not breakout mode.
Discover: The best new crypto in the world
The post Monero Price Prediction: XMR Trapped Below $180 as Exchange Liquidity Dries Up appeared first on Cryptonews.
Crypto World
BlackRock’s Larry Fink warns against trying to time the market
Larry Fink, Chairman and CEO of BlackRock, speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Jan. 15, 2026.
Brendan McDermid | Reuters
BlackRock CEO Larry Fink urged investors to resist the temptation to time markets, arguing that staying invested through periods of turmoil has historically delivered far stronger returns.
“Over time, staying invested has mattered far more than getting the timing right,” Fink wrote in his annual chairman’s letter released Monday. “Some of the market’s strongest days came amid the most unsettling headlines.”
He pointed to the past two decades as a stark example: every dollar invested in the S&P 500 grew more than eightfold. But investors who missed just the 10 best days over that stretch would have earned less than half as much.
The warning from the billionaire comes as markets are increasingly driven by rapid shifts in sentiment tied to geopolitics, inflation and technological disruption. Stocks rallied sharply Monday after President Donald Trump said the U.S. and Iran have held talks and that he was halting strikes on Iranian energy infrastructure.
“The danger is that we focus so much on the noise that we forget what actually matters,” Fink wrote. “The forces behind today’s headlines have been building for a long time. The old model of global capitalism is fracturing. Countries are spending enormous sums to become self-reliant — in energy, in defense, in technology.”
BlackRock is the world’s largest asset manager with a $14 trillion in assets under management at the end of 2025.
Fink also warned that the rapid rise of artificial intelligence could amplify inequality, enriching those who already own assets while leaving others further behind.
“The massive wealth created over the past several generations flowed mostly to people who already owned financial assets. And now AI threatens to repeat that pattern at an even larger scale,” he said.
Companies tied to AI have driven a significant share of recent equity market gains, concentrating returns among a relatively small group of firms and their shareholders.
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