🚀 Bitcoin's decline continues

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Market Overview
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Year To Date Performances:

1. Bitcoin’s identity as "digital gold" faced a harsh reality check on Monday, sliding as much as 5% to drop below the $65,000 mark following President Trump’s sudden escalation of global tariffs to 15%. This latest retreat highlights a stark divergence from traditional safe havens like spot gold, which climbed over 1% as investors sought refuge from the dual threats of trade volatility and a potential military confrontation with Iran. The sell-off is part of a broader, bruising correction that has erased nearly half of Bitcoin’s value since its October peak of $125,000, driven by a combination of thinning market liquidity and a rotation of capital into artificial intelligence stocks. With crypto-linked firms like Coinbase and MicroStrategy also tumbling in premarket trading, analysts at 10x Research warn that the market may be entering a prolonged bear phase with a possible floor as low as $50,000 as the global economic outlook grows increasingly opaque.

2. Global trade relations have descended into what European officials call "pure tariff chaos" after President Donald Trump circumvented a Friday Supreme Court defeat by immediately re-imposing a universal 15% import levy under a different legal framework. The move, which exploits a 150-day window allowed before requiring Congressional approval, has left Washington’s closest allies in London and Brussels reeling as it threatens to nullify the hard-won trade concessions secured only last year. While U.S. Trade Representative Jamieson Greer insists the existing deals remain valid, European Parliament trade chair Bernd Lange has called for an emergency suspension of cooperation until "legal certainty" is restored, citing a blatant breach of commitment. Analysis from Global Trade Alert suggests this newest pivot paradoxically penalizes allies like the U.K., which faces a 2.1 percentage point hike in its average rate, while rivals like China see their comparative trade-weighted burdens drop, prompting European Central Bank President Christine Lagarde to warn that such volatile "rules of the road" will inevitably fracture the trans-Atlantic business equilibrium.

3. OpenAI is fortifying its lead in the corporate arms race by launching the "Frontier Alliances," a series of multi-year partnerships with consulting titans Accenture, Boston Consulting Group (BCG), Capgemini, and McKinsey & Company. Announced on Monday, these alliances aim to bridge the "implementation gap" by pairing OpenAI’s newly released Frontier platform, an orchestration layer designed to manage autonomous "AI coworkers", with the deep sector expertise and global scale of the world's premier strategy firms. As enterprise demand shifts from experimental chatbots to production-grade agents capable of executing complex workflows in finance, healthcare, and software engineering, OpenAI is essentially outsourcing the difficult task of organizational change management and systems integration to partners who already hold the keys to the Fortune 500. This move reflects a broader strategic pivot for the AI pioneer, which now derives roughly 40% of its revenue from business clients and is aggressively pursuing a target of 50% by year-end by transforming its raw model intelligence into a governed, enterprise-ready infrastructure.

   Headlines

   1. Meta is expanding its deal with Nvidia, helping it access more AI chips.

   2. Figma is partnering with Anthropic to turn its AI code into editable design mockups.