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Crypto Court Victory Limits Treasury's Reach
5 articles I'm watching carefully
Tyler Dupont ![]() Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Dow futures rise amid mixed market signals
Dow Jones futures rose 0.3% following a Thanksgiving pause. Major indexes saw mixed results, with Nvidia extending losses but holding key support. Berkshire Hathaway broke out, while tech firms like CrowdStrike and Dell struggled on earnings. The 10-year Treasury yield fell 6 basis points to 4.24%.
Dollar Weakens Amid Stalled Trump Trade Momentum
The dollar is on track for its biggest weekly drop since August, with a 1.1% decline this week as Trump-related optimism fades. Treasury yields have fallen following Scott Bessent's Treasury nomination, pushing the greenback down against most G-10 currencies, particularly the yen.
Victory Capital Raises LegalZoom Stake by 97%
Victory Capital Management significantly increased its stake in LegalZoom.com (NASDAQ:LZ) by 97.2% in Q3, now holding 129,775 shares valued at $824,000. LegalZoom's latest quarterly earnings showed $168.6M revenue, a slight year-over-year increase, and an EPS of $0.17, beating consensus by $0.02.
🪙 Crypto
Crypto Court Victory Limits Treasury's Reach
The Fifth Circuit Court ruled the U.S. Treasury's sanctions against Tornado Cash smart contracts unlawful, marking a significant win for crypto privacy. Coinbase's legal chief emphasized that the court recognized these open-source contracts aren't "property" under federal law, limiting Treasury's authority.
🌎 Global Economy
Mexico Reassures China Amid US Tariff Tensions
Mexican envoys are assuring Chinese investors that Mexico remains open to Chinese-funded factories despite US pressure. Santiago Toledo emphasized that Chinese companies in Mexico are treated as local manufacturers under USMCA rules, allowing tariff-free access to the US if content requirements are met.
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