XRP ETFs Face SEC Delay, But Approval Odds Remain High

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Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Market Selloff Driven by Risk Aversion, Not Tariffs

Despite headlines blaming tariffs, the recent market drop stems from a broader flight to safety. Tech stocks and Bitcoin, which rely on future cash flows, fell sharply, while Berkshire Hathaway and Treasuries gained. The shift reflects a ‘risk on, risk off’ cycle rather than a reassessment of economic fundamentals.

Wall Street Drops as Trade War and Tariff Fears Mount

The S&P 500 confirmed a correction, closing 10.1% below its record high, as trade war fears overshadowed cooling inflation data. The Dow fell 1.3%, the S&P 500 lost 1.39%, and the Nasdaq dropped 1.96%, led by declines in tech stocks. Intel surged 14.6% on new CEO news, while Adobe plunged 13.9% after weak revenue guidance.

Gold Hits Record as Analysts Forecast $3,500 Peak

Gold surged past $2,990 per ounce as Macquarie raised its Q3 forecast to $3,500, citing trade tensions and inflation expectations. BNP Paribas and Goldman Sachs also lifted targets, pointing to geopolitical uncertainty and central bank demand. Investors are shifting physical gold to U.S. vaults ahead of potential tariffs.

🪙 Crypto

XRP ETFs Face SEC Delay, But Approval Odds Remain High

The SEC has postponed its decision on XRP ETFs to May, but analysts maintain strong approval odds, with Polymarket estimating a 72% chance by year-end. Meanwhile, Franklin Templeton has filed for an XRP ETF, signaling growing institutional interest. JPMorgan predicts up to $8B in inflows within 12 months post-approval.

🌎 Global Economy

Emerging Markets Attract Strong Inflows, Led by Chinese Equities

Emerging market portfolios saw $15.9B in net inflows in February, driven by $11.2B into Chinese stocks, the largest since September. However, Chinese bonds saw $15.1B in outflows. Latin America led regional inflows with $10.7B. Analysts cite AI, EV innovation, and low valuations as drivers of China's equity rally.

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