Currencies

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o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-06T04:00:34.018Z">Sunday, 6 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="19b2a1aa-94f5-4bdb-8749-c0d077404208" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="19b2a1aa-94f5-4bdb-8749-c0d077404208"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/venezuela" aria-label="Category: Venezuela">Venezuela</a></div><div class="o-teaser__heading"><a href="/content/19b2a1aa-94f5-4bdb-8749-c0d077404208" data-trackable="heading-link" class="js-teaser-heading-link">Venezuela cracks down on black market dollars as sanctions bite</a></div><p class="o-teaser__standfirst"><a href="/content/19b2a1aa-94f5-4bdb-8749-c0d077404208" 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displaying signs with the prices of products in US dollars in Caracas, Venezuela in September 2024"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-06T04:00:33.996Z">Sunday, 6 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="40f6e292-839c-4d1f-994e-59bed627b909" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="40f6e292-839c-4d1f-994e-59bed627b909"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/martin-sandbu" aria-label="Category: Martin Sandbu">Martin Sandbu</a></div><div class="o-teaser__heading"><a href="/content/40f6e292-839c-4d1f-994e-59bed627b909" data-trackable="heading-link" class="js-teaser-heading-link">The battle for the global payments system is under way</a></div><p class="o-teaser__standfirst"><a href="/content/40f6e292-839c-4d1f-994e-59bed627b909" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Some Europeans are looking to the next geoeconomic contest</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="40f6e292-839c-4d1f-994e-59bed627b909" data-myft-ui="saved" action="/myft/save/40f6e292-839c-4d1f-994e-59bed627b909" data-js-action="/__myft/api/core/saved/content/40f6e292-839c-4d1f-994e-59bed627b909?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" 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data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fbcf0c465-a7fc-4172-9217-8feb5a797121.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="euro banknotes"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-04T22:49:34.174Z">Friday, 4 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="8a8ecb97-2de1-40fe-802e-15ee674e1a41" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="8a8ecb97-2de1-40fe-802e-15ee674e1a41"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/us-economy" aria-label="Category: US economy">US economy</a></div><div class="o-teaser__heading"><a href="/content/8a8ecb97-2de1-40fe-802e-15ee674e1a41" data-trackable="heading-link" class="js-teaser-heading-link">America’s endangered ‘exorbitant privilege’</a></div><p class="o-teaser__standfirst"><a href="/content/8a8ecb97-2de1-40fe-802e-15ee674e1a41" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Et tu, Goldman?</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="8a8ecb97-2de1-40fe-802e-15ee674e1a41" data-myft-ui="saved" action="/myft/save/8a8ecb97-2de1-40fe-802e-15ee674e1a41" data-js-action="/__myft/api/core/saved/content/8a8ecb97-2de1-40fe-802e-15ee674e1a41?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button 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data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F36638020-c900-4ca7-9877-39b65543c28f.jpg?source=next&fit=scale-down&dpr=2&width=240" alt=""/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-04T05:30:32.269Z">Friday, 4 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="e453f9c3-6c8f-4896-85f8-7c4c7d1461c9" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="e453f9c3-6c8f-4896-85f8-7c4c7d1461c9"><div class="o-teaser__content"><div class="o-teaser__meta"><span class="o-teaser__tag-prefix">Unhedged</span><a class="o-teaser__tag" data-trackable="teaser-tag" href="/robert-armstrong" aria-label="Category: Robert Armstrong">Robert Armstrong</a></div><div class="o-teaser__heading"><a href="/content/e453f9c3-6c8f-4896-85f8-7c4c7d1461c9" data-trackable="heading-link" class="js-teaser-heading-link">What the dollar’s bad day shows</a><span> <span class="o-labels o-labels--premium o-labels--content-premium">Premium</span><span class="o-normalise-visually-hidden"> content</span></span></div><p class="o-teaser__standfirst"><a href="/content/e453f9c3-6c8f-4896-85f8-7c4c7d1461c9" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Tariffs are supposed to be dollar positive. 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datetime="2025-04-03T16:31:05.826Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="331399ce-fae8-4c92-a8c5-8cc805341baf" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="331399ce-fae8-4c92-a8c5-8cc805341baf"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/trump-tariffs" aria-label="Category: Trump tariffs">Trump tariffs</a></div><div class="o-teaser__heading"><a href="/content/331399ce-fae8-4c92-a8c5-8cc805341baf" data-trackable="heading-link" class="js-teaser-heading-link">Dollar drops as Trump’s tariffs stoke economic fears</a></div><p class="o-teaser__standfirst"><a href="/content/331399ce-fae8-4c92-a8c5-8cc805341baf" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">European and US markets fall sharply as investors react to trade broadside</a></p><div 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data-stream-item> <div class="o-ads o-ads advert advert--instream" data-o-ads-targeting="pos=top;" data-o-ads-center="true" data-o-ads-label="false" data-o-ads-formats-small="MediumRectangle,Responsive,OneByOne" data-o-ads-formats-medium="MediumRectangle,Responsive,OneByOne" data-o-ads-formats-large="false" data-o-ads-formats-extra="false" aria-hidden="true"> </div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T16:18:13.407Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="882e200c-8055-41ce-a52f-2620e6cbdab0" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="882e200c-8055-41ce-a52f-2620e6cbdab0"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/european-banks" aria-label="Category: European banks">European banks</a></div><div class="o-teaser__heading"><a href="/content/882e200c-8055-41ce-a52f-2620e6cbdab0" data-trackable="heading-link" class="js-teaser-heading-link">European banks exposed to risk of US dollar shortfall, says EU watchdog</a></div><p class="o-teaser__standfirst"><a href="/content/882e200c-8055-41ce-a52f-2620e6cbdab0" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Banking regulator finds 60 out of 267 banks have insufficient US dollar funding to cover exposures in the currency</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="882e200c-8055-41ce-a52f-2620e6cbdab0" data-myft-ui="saved" action="/myft/save/882e200c-8055-41ce-a52f-2620e6cbdab0" data-js-action="/__myft/api/core/saved/content/882e200c-8055-41ce-a52f-2620e6cbdab0?method=put" 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class="o-teaser__image-container js-teaser-image-container"><a href="/content/882e200c-8055-41ce-a52f-2620e6cbdab0" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2445%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fad565264-efdb-48bf-9f43-1d90a8bcaed9.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Clouds drift over the European Central Bank and the river Main in Frankfurt, Germany"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T10:24:23.952Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="7664bc1e-9551-430d-b64b-ccae1b7d1916" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="7664bc1e-9551-430d-b64b-ccae1b7d1916"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/global-economy" aria-label="Category: Global Economy">Global Economy</a></div><div class="o-teaser__heading"><a href="/content/7664bc1e-9551-430d-b64b-ccae1b7d1916" data-trackable="heading-link" class="js-teaser-heading-link">‘Beware a dollar confidence crisis’ — DB</a></div><p class="o-teaser__standfirst"><a href="/content/7664bc1e-9551-430d-b64b-ccae1b7d1916" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Taking another look at the puzzling greenback puke</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="7664bc1e-9551-430d-b64b-ccae1b7d1916" data-myft-ui="saved" 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class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="7aaaf1f3-27ce-4142-92c4-c363cf2760ab"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/cff0da05-a645-4002-b01c-631c120ea2bb" aria-label="Category: Circle Internet Financial Ltd.">Circle Internet Financial Ltd.</a></div><div class="o-teaser__heading"><a href="/content/7aaaf1f3-27ce-4142-92c4-c363cf2760ab" data-trackable="heading-link" class="js-teaser-heading-link">Stablecoin operator Circle files for IPO as revenues jump to $1.7bn</a></div><p class="o-teaser__standfirst"><a href="/content/7aaaf1f3-27ce-4142-92c4-c363cf2760ab" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">US firm is latest crypto group to try to take advantage of more favourable environment towards industry under Trump</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" 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datetime="2025-03-29T13:00:55.750Z">Saturday, 29 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="fdcb4616-ff61-451a-b9a4-c1d5bb1bd461" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="fdcb4616-ff61-451a-b9a4-c1d5bb1bd461"><div class="o-teaser__content"><div class="o-teaser__meta"></div><div class="o-teaser__heading"><a href="/content/fdcb4616-ff61-451a-b9a4-c1d5bb1bd461" data-trackable="heading-link" class="js-teaser-heading-link">Traders pile into Scandinavian currencies in ‘euro on steroids’ bet</a></div><p class="o-teaser__standfirst"><a href="/content/fdcb4616-ff61-451a-b9a4-c1d5bb1bd461" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Swedish krona and Norwegian krone are best-performing of G10 group of developed market currencies</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" 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Cryptocurrencies">Cryptocurrencies</a></div><div class="o-teaser__heading"><a href="/content/d433db80-b24f-490b-9b35-995827af3823" data-trackable="heading-link" class="js-teaser-heading-link">Galaxy Digital pays $200mn to settle luna crypto-trading probe</a></div><p class="o-teaser__standfirst"><a href="/content/d433db80-b24f-490b-9b35-995827af3823" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Penalty for Mike Novogratz’s group comes as SEC scales back investigations into biggest names in digital assets market</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="d433db80-b24f-490b-9b35-995827af3823" data-myft-ui="saved" action="/myft/save/d433db80-b24f-490b-9b35-995827af3823" data-js-action="/__myft/api/core/saved/content/d433db80-b24f-490b-9b35-995827af3823?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div 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class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/turkish-economy" aria-label="Category: Turkish economy">Turkish economy</a></div><div class="o-teaser__heading"><a href="/content/ffb003be-afd1-4070-aa22-eee2588af510" data-trackable="heading-link" class="js-teaser-heading-link">Foreign investors wary of Turkey despite $25bn lira intervention</a></div><p class="o-teaser__standfirst"><a href="/content/ffb003be-afd1-4070-aa22-eee2588af510" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Traders fear Erdoğan could fire central bank governor and finance minister who have helped stabilise country’s markets</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="ffb003be-afd1-4070-aa22-eee2588af510" data-myft-ui="saved" action="/myft/save/ffb003be-afd1-4070-aa22-eee2588af510" data-js-action="/__myft/api/core/saved/content/ffb003be-afd1-4070-aa22-eee2588af510?method=put" 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href="/content/58e24683-2785-4571-8822-1cc820ff97bb" data-trackable="heading-link" class="js-teaser-heading-link">EU watchdog to set punitive capital rules for insurers holding crypto</a></div><p class="o-teaser__standfirst"><a href="/content/58e24683-2785-4571-8822-1cc820ff97bb" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Higher requirements designed to discourage sector from holding digital assets</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="58e24683-2785-4571-8822-1cc820ff97bb" data-myft-ui="saved" action="/myft/save/58e24683-2785-4571-8822-1cc820ff97bb" data-js-action="/__myft/api/core/saved/content/58e24683-2785-4571-8822-1cc820ff97bb?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." 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aria-label="Category: Argentine economy">Argentine economy</a></div><div class="o-teaser__heading"><a href="/content/26a0fa78-9a70-4d28-be50-f40c63bea335" data-trackable="heading-link" class="js-teaser-heading-link">Argentina says it nears $20bn IMF loan deal</a></div><p class="o-teaser__standfirst"><a href="/content/26a0fa78-9a70-4d28-be50-f40c63bea335" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Milei’s government says fund is finalising figure in announcement aimed at calming markets</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="26a0fa78-9a70-4d28-be50-f40c63bea335" data-myft-ui="saved" action="/myft/save/26a0fa78-9a70-4d28-be50-f40c63bea335" data-js-action="/__myft/api/core/saved/content/26a0fa78-9a70-4d28-be50-f40c63bea335?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement 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o-teaser--small o-teaser--has-image js-teaser" data-id="5f3aa931-52dd-4de1-a125-7f50c908b636"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stablecoins" aria-label="Category: Stablecoins">Stablecoins</a></div><div class="o-teaser__heading"><a href="/content/5f3aa931-52dd-4de1-a125-7f50c908b636" data-trackable="heading-link" class="js-teaser-heading-link">Crypto group backed by Trump to launch stablecoin</a></div><p class="o-teaser__standfirst"><a href="/content/5f3aa931-52dd-4de1-a125-7f50c908b636" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">World Liberty Financial’s new USD1 token marks president’s latest foray into digital assets market</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="5f3aa931-52dd-4de1-a125-7f50c908b636" data-myft-ui="saved" action="/myft/save/5f3aa931-52dd-4de1-a125-7f50c908b636" 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class="o-teaser__image-container js-teaser-image-container"><a href="/content/5f3aa931-52dd-4de1-a125-7f50c908b636" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2445%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Ffe727817-0528-45f2-98d2-c52ca3d9d7ca.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="The World Liberty Financial website arranged on a smartphone, showing Donald Trump and his sons Eric, Donald Jr and Barron"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-03-25T15:53:57.287Z">Tuesday, 25 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="82ce5c18-ef6c-40ff-b9ba-c796a5562548" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="82ce5c18-ef6c-40ff-b9ba-c796a5562548"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/9e69a8e6-c42b-4374-8e32-12f1052ae5ef" aria-label="Category: Financial Conduct Authority UK">Financial Conduct Authority UK</a></div><div class="o-teaser__heading"><a href="/content/82ce5c18-ef6c-40ff-b9ba-c796a5562548" data-trackable="heading-link" class="js-teaser-heading-link">Too many young people turn to crypto, says UK watchdog</a></div><p class="o-teaser__standfirst"><a href="/content/82ce5c18-ef6c-40ff-b9ba-c796a5562548" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">FCA seeks to encourage more investment in shares and bonds as part of its strategy for next five years</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="82ce5c18-ef6c-40ff-b9ba-c796a5562548" data-myft-ui="saved" action="/myft/save/82ce5c18-ef6c-40ff-b9ba-c796a5562548" data-js-action="/__myft/api/core/saved/content/82ce5c18-ef6c-40ff-b9ba-c796a5562548?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Too many young people turn to crypto, says UK watchdog to myFT for later" aria-label="Save Too many young people turn to crypto, says UK watchdog to myFT for later" data-alternate-label="Too many young people turn to crypto, says UK watchdog is Saved to myFT" aria-pressed="false" 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data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-03-25T05:00:56.928Z">Tuesday, 25 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="9ae2b40b-c8cc-4baf-8392-1b4a2470e5e5" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="9ae2b40b-c8cc-4baf-8392-1b4a2470e5e5"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/ethereum" aria-label="Category: Ethereum">Ethereum</a></div><div class="o-teaser__heading"><a href="/content/9ae2b40b-c8cc-4baf-8392-1b4a2470e5e5" data-trackable="heading-link" class="js-teaser-heading-link">Ethereum faces ‘midlife crisis’ as rivals play catch-up</a></div><p class="o-teaser__standfirst"><a href="/content/9ae2b40b-c8cc-4baf-8392-1b4a2470e5e5" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Emergence of memecoin craze 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class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-03-24T05:00:48.032Z">Monday, 24 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="dd751b97-7485-4457-aaae-c632062f0976" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="dd751b97-7485-4457-aaae-c632062f0976"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/ruchir-sharma" aria-label="Category: Ruchir Sharma">Ruchir Sharma</a></div><div class="o-teaser__heading"><a href="/content/dd751b97-7485-4457-aaae-c632062f0976" data-trackable="heading-link" class="js-teaser-heading-link">The end of American exceptionalism goes way beyond Trump</a></div><p class="o-teaser__standfirst"><a href="/content/dd751b97-7485-4457-aaae-c632062f0976" data-trackable="standfirst-link" 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class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-03-24T05:00:00.000Z">Monday, 24 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="c8c0136e-c3fa-450b-b2df-d4e8361f1495" data-stream-item> <div class="o-teaser o-teaser--audio o-teaser--small o-teaser--has-image js-teaser" data-id="c8c0136e-c3fa-450b-b2df-d4e8361f1495"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/ft-news-briefing" aria-label="Category: FT News Briefing podcast">FT News Briefing podcast</a><span class="o-teaser__tag-suffix">12 min listen</span></div><div class="o-teaser__heading"><a href="/content/c8c0136e-c3fa-450b-b2df-d4e8361f1495" data-trackable="heading-link" class="js-teaser-heading-link" aria-label="Listen to podcast Foreign investors feel the pinch of US stock slump">Foreign investors feel the pinch of US stock slump</a></div><p class="o-teaser__standfirst"><a href="/content/c8c0136e-c3fa-450b-b2df-d4e8361f1495" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">A sell-off in US equities and currency ends ‘virtuous cycle’ for fund managers in Europe</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="c8c0136e-c3fa-450b-b2df-d4e8361f1495" data-myft-ui="saved" action="/myft/save/c8c0136e-c3fa-450b-b2df-d4e8361f1495" data-js-action="/__myft/api/core/saved/content/c8c0136e-c3fa-450b-b2df-d4e8361f1495?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" 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data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fuploaded-files%2FNB_FT%2520App-Master%2520size_NEW%2520SYSTEM-9c7d96c6-0a45-4f7f-b529-a95cfed1b3a5.jpeg?source=next&fit=scale-down&dpr=2&width=240" alt=""/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-03-23T17:00:54.280Z">Sunday, 23 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="c02df9e1-10e0-4dfa-a3b5-0477cce3b98c" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="c02df9e1-10e0-4dfa-a3b5-0477cce3b98c"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/us-equities" aria-label="Category: US equities">US equities</a></div><div class="o-teaser__heading"><a href="/content/c02df9e1-10e0-4dfa-a3b5-0477cce3b98c" data-trackable="heading-link" class="js-teaser-heading-link">Trump’s policies shatter Wall Street’s ‘US exceptionalism’ trade</a></div><p class="o-teaser__standfirst"><a href="/content/c02df9e1-10e0-4dfa-a3b5-0477cce3b98c" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Stocks and dollar fall in tandem as tariffs dent outlook for American economy</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="c02df9e1-10e0-4dfa-a3b5-0477cce3b98c" data-myft-ui="saved" action="/myft/save/c02df9e1-10e0-4dfa-a3b5-0477cce3b98c" data-js-action="/__myft/api/core/saved/content/c02df9e1-10e0-4dfa-a3b5-0477cce3b98c?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement 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class="o-teaser__image-placeholder" style="padding-bottom:56.2691%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F877deac6-e7ba-4ac1-b916-4ebf7b59ce75.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="The New York Stock Exchange"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-03-23T05:00:53.780Z">Sunday, 23 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="09616cdf-3aef-4061-984b-bd7d4e11df67" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="09616cdf-3aef-4061-984b-bd7d4e11df67"><div class="o-teaser__content"><div class="o-teaser__meta"><a 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