TON Foundation said that a group of VCs including Sequoia Capital, Ribbit, Benchmark and Kingsway invested over $400M buying the Toncoin crypto: TheBlock

*its not a raise, VCs bought Token from private investors. TON foundation is announcing it*

TRUMP: THERE WILL BE FLEXIBILITY ON TARIFFS. BASICALLY IT'S RECIPROCAL

COINBASE SAID IN ADVANCED TALKS TO BUY CRYPTO DERIVATIVES EXCHANGE DERIBIT

DERIBIT WAS VALUED AT $4B-$5B IN JANUARY PER BBG (IT COULD BE LARGEST EVER ACQUISITION OF A DIGITAL ASSET COMPANY)

COINBASE AND DERIBIT DECLINED TO COMMENT

ICYMI: Kraken acquiring retail futures trading platform NinjaTrader for $1.5 billion, to offer crypto futures and derivatives in the US for the first time.

CRYPTO VC GIANT HAUN VENTURES RAISING $1 BILLION FOR TWO NEW FUNDS: FORTUNE

*The New Funds allocation: $500 million for early stage and $500 million for late stage.

*Haun Ventures is expected to close the raise in June.

*Haun Ventures investments have focused largely on crypto infrastructure projects.

*Haun launched her venture firm at the height of the last crypto bull market, raising $1.5 billion (H1, 2022)—the largest ever by a first-time female VC—Haun Ventures is close to deploying the balance of its initial funds.

The Week Ahead | @infinityhedge

Mon/24:
*Saylor expected to announce BTC purchase worth ~$700M

Tue/25:
*Strategy is set to raise $711M through the STRF sale, upsized from its initial $500M target, with the offering set to close later on Tuesday

Wed/26:
*DC Blockchain Summit
*ETH Pectra upgrade will be tested on Hoodi testnet

Thu/27:
*US GDP (Q4) (est. 2.3%, Prev. Two readings. 3.1%, 3.0%)
*US Jobless Claims (est. 225k, Prev. Two readings. 223k, 221k)
*Paul Atkins’s Confirmation hearing to lead the US SEC

Fri/28:
*US Core PCE Y/Y EST. 2.7% vs 2.6% Prev.
*US Core PCE M/M EST. 0.34% vs 0.28%
*$12B BTC Options Expiry, Put/Call: 0.48, Max Pain Price: $85K
*$2.2B ETH Options Expiry, Put/Call: 0.39, Max Pain Price: $2.4k

Reads and charts here: link

Trump: US is putting Secondary Tariff on the Country of Venezuela — Any Country that purchases Oil and/or Gas from Venezuela will be forced to pay a Tariff of 25% to the United States on any Trade they do with our Country. All documentation will be signed and registered, and the Tariff will take place on April 2nd, 2025

TRUMP: TARIFFS FOR DOING BUSINESS WITH VENZUELA WILL BE ON TOP OF EXISTING TARIFFS

GAMESTOP: TO ADD BITCOIN AS A TREASURY RESERVE ASSET

GAMESTOP'S INVESTMENT POLICY PERMITS INVESTMENTS IN CERTAIN CRYPTOCURRENCY ASSETS, INCLUDING BITCOIN AND U.S. DOLLAR-DENOMINATED STABLECOINS

*GAMESTOP ANNOUNCES $1.3 BILLION CONVERTIBLE NOTES PRIVATE OFFERING

*GAMESTOP PLANS BITCOIN ACQUISITION WITH PROCEEDS FROM NOTES OFFERING

*NOTES ARE 0.00% CONVERTIBLE SENIOR NOTES DUE 2030

*TRUMP: 25% TARIFF ON AUTOS NOT MANUFACTURED IN UNITED STATES
*TRUMP: IF PARTS ARE MADE IN AMERICA AND CARS IS NOT, THEN PARTS NOT TARIFFED
*TRUMP: AUTO TARIFFS ARE PERMANENT

*WH OFFICIAL: CARS COMING INTO THE U.S. UNDER THE USMCA TRADE AGREEMENT WILL BE TARIFFED ACCORDING TO THEIR FOREIGN PART CONTENT.
*WH OFFICIAL: NO WAY FOR OTHER COUNTRIES TO GET EXEMPTION.

*TRUMP: RECIPROCAL TARIFFS ON APRIL 2 WILL BE ON ALL COUNTRIES

TRUMP: If the EU works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned will be placed on them both in order to protect the best friend that each of those two countries has ever had!

GAMESTOP SHARES DOWN 23%

*US FEB. PCE PRICE INDEX RISES 0.3% M/M; EST. +0.3%
*US FEB. PCE PRICE INDEX RISES 2.5% Y/Y; EST. +2.5%
*US FEB. CORE PCE RISES 0.4% M/M; EST. +0.3%
*US FEB. CORE PCE RISES 2.8% Y/Y; EST. +2.7%

*US FEB. PERSONAL INCOME RISES 0.8% M/M; EST. +0.4%
*US FEB. PERSONAL SPENDING RISES 0.4% M/M; EST. +0.5%
*US FEB. REAL PERSONAL SPENDING RISES 0.1% M/M; EST. +0.3%

*ELON MUSK: XAI HAS ACQUIRED X IN AN ALL-STOCK TRANSACTION FOR $45 BILLION, INCLUDING $12B DEBT, VALUING XAI AT $80B AND X AT $33B

GOLD HITS RECORD HIGH, RISES TO $3,100

The Week Ahead:

Mon/31:
*AI: Midjourney V7 release

Tue/01: April Fool’s Day
*GameStop’s $1.3B convertible notes sale expected to close

Wed/02:
*Trump’s Tariff ‘Liberation Day’ (reciprocal tariffs); Canada, China, EU is set to impose retaliatory tariffs; Options Market Focused on Jobs & Inflation Over Tariff Reveal
*House Financial Services to vote on STABLE Act (stablecoin bill)

Thu/03:
*Trump's 25% auto tariff will come into effect
*Crypto: BUIDL ($500M), Superstate ($300M), Centrifuge ($200M) Win Spark’s $1B Tokenization Grand Prix. Vote scheduled for final allocation

Fri/04:
*US Non-Farm Payrolls (est. 138k, prev. 151k)
*Fed Chair Powell Speech At 11:25 AM
*Fed's Waller speech At 12:45 AM

Sat/05:
*TikTok deal deadline

WHOLE WEEK:
*U.S. Senate is expected to vote on a budget resolution

Trump's Liberation Day: tldr

Trump will announce tariffs at Rose Garden April 2nd at 4pm ET

*Mexico, Canada, China, Japan, South Korea, EU and others has said they will put retaliatory tariffs if US goes ahead with reciprocal tariffs.

*Trump said TikTok deal might link to China tariffs.

*Trump said will impose additional tariffs on Russian oil if unable to make a deal on Ukraine.

*Trump threatens bombing & secondary tariffs on Iran if Tehran does not make a deal on nuclear program.

*Trump said he's committed to sectoral tariffs.

*Trump said tariffs will be mutual, but we will be more pleasant, relatively lenient on tariffs... It's reciprocal, but we might be even nicer than that.

*Trump said If you do tariff exemptions for one, you have to do for all...There will be flexibility on tariffs. Basically it's reciprocal.

*Tariffs impact on US including imposed & threatened tariffs: $785B (world), $606B (EU), $445B (china) and $727B or ~$100B (Canada & Mexico depending on USMCA goods get targeted or not)

*Trump has made up his mind on tariffs, on what he’ll announce on April 2nd.

*Reciprocal Tariffs will be on all countries and will take effect immediately following the announcement.

Update: Three options are in discussion:
1. 20% universal tariff on virtually all imports.
2. Reciprocal plan that would apply different tariffs to different countries.
3. An across-the-board tariff on a subset of nations that likely would not be as high as the 20% universal tariff option.
*It still isn't clear which option Trump will choose.

USDC STABLECOIN ISSUER CIRCLE FILES FOR IPO

Circle to List Class a Common Stock on NYSE Under Symbol 'CRCL': Filing

Number of shares or price range not yet disclosed in the filing. Circle targeting a market debut as early as June per Fortune.

JPMorgan, Citi, Oppenheimer are some of the underwriters and Circle is seeking a $4 billion to $5 billion valuation per multiple reports.

MEXICAN PRESIDENT SHEINBAUM SAYS WILL NOT IMPOSE TIT FOR TAT TARIFFS

*U.S. TO IMPOSE 10% ACROSS-THE-BOARD TARIFF ON ALL IMPORTS, PRESIDENT TRUMP SAYS: WSJ

*US TO SET BASELINE TARIFF RATE OF 10% FOR ALL COUNTRIES