Open: 49.27 Close: 49.25 Change: -0.02

Today's Summary

UBS plans to offer Bitcoin and ethereum trading to select group of Swiss-based private bank clients. Wolf Richter says the original federal subsidies ran out for Tesla in 2018 when the Model 3 sales exceeded the cap, and people thought sales would collapse. UBS is in the process of selecting partners to spearhead its digital asset strategy. Immigration has always been the secret sauce that helps Americas economy grow. Daron Acemoglu sees in the public executions of US citizens by federal agents a move to turn the entire US into a border zone. Last year alone mortgage debt increased close to $800 billion - almost 7% of GDP. Mortgage debt isnt a concern and lending standards are much better now than during the housing bubble. Chicago leads all cities for a second consecutive month with a 5.7% price increase. Discrimination against White men rose significantly in America starting in the mid-2010s. China Shock 2.0 is where China is aggressively contesting the innovative sectors where the U.S. has long been the unquestioned leader. Deindustrialization sounds peaceful and easy and pleasant, but its not. Americans now disapprove of ICE and support protests against the agency, according to a new poll conducted the same day a federal officer fatally shot a 37-year-old mother in Minneapolis. A persistent discount reveals more than sentiment, exposing constraints in how liquidity moves between venues, how ETF flows translate to spot execution, and whether arbitrage. US Marshals Service investigating claims $40 million in confiscated digital assets were siphoned from government-linked wallets. 50% of companies earning over $500 million annually accept digital assets. China has essentially the entire EV supply-chain in-country, and has attained massive scale. Global oil discoveries are badly lagging consumption, says Rystad Energy. Bitwise registered a Delaware statutory trust for a potential Uniswap-linked exchange-traded fund. The SEC has pulled back from at least 17 major enforcement cases brought against crypto firms.