Crypto czar makes moves

China shows it has more to lose in tariff war, crypto czar makes moves toward 'Golden Age' in crypto, Alphabet drops 9%, MicroStrategy’s financial gambit hits a bump, and all the IPOs reported to be in the works in 2025...

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Market Briefing
February 05, 2025

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Good morning.

The Fast Five → China shows it has more to lose in tariff war, crypto czar makes moves toward 'Golden Age' in crypto, Alphabet drops 9%, MicroStrategy’s financial gambit hits a bump, and all the IPOs reported to be in the works in 2025…

Rural Texas Town Ramps Up Global Currency War

A small town has joined a radical $1.9 trillion attack on the global banking system... backed up by Elon Musk and the White House. Read about it here.

Calendar: (all times ET) - Full Calendar

  • Today:
    US trade deficit, 8:30A

  • Tomorrow:
    Initial jobless claims, 8:30A

Your 5-minute briefing for Wednesday, February 5:

BEFORE THE OPEN

As of market close 2/4/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 40.96% for Week of January 30 2025

Previous week: 43.43%. Updates every Friday.

Market Wrap:

  • S&P futures fell 0.2%, Nasdaq 100 down 0.3% after Alphabet’s revenue miss. Dow futures dipped 16 points.

  • Chipotle dropped 5% on weak sales, while Snap gained 5% on earnings beat.

  • Tuesday’s rally saw Nasdaq up 1.4%, S&P.

EARNINGS

Here’s what we’re watching this week:

HEADLINES

The first volleys in the latest US-China trade war made clear that Xi Jinping is taking a more cautious approach than during Donald Trump’s first term.

US crypto czar David Sacks and congressional lawmakers held a press conference on Capitol Hill Tuesday to lay out plans to carry out Trump's plans for America leading the world in the digital asset ecosystem.

  • Job openings decline sharply to 7.6 million, below forecast (more)

  • Dollar drop seen to be brief amid tariff worries, US economic strength (more)

  • Gold hits record high as investors as trade war stokes haven demand (more)

  • Asian markets stutter as traders weigh China-US trade flare-up (more)

  • Alphabet shares drop 9% on revenue miss, AI costs (more)

  • Palantir soars 25% to record high (more)

  • Meta adds $235 billion of value in longest winning streak ever (more)

  • Ferrari shares pop 8% seeing further earnings growth in 2025 (more)

  • Berkshire Hathaway scoops up more Sirius XM, boosting stake to 35% (more)

  • Nissan may call off merger talks with Honda (more)

  • MicroStrategy’s financial gambit hits a bump with new stock deal (more)

  • Here are all the IPOs reported to be in the works in 2025 (more)

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DEALFLOW

M+A | Investments

  • Stripe closes $1.1 bln Bridge deal, prepares for aggressive stablecoin push (more)

  • BP poised to invest up to $25B in Iraq’s Kirkuk oil and gas (more)

  • Grab and GoTo in advanced merger talks (more)

  • HeroDevs, compliance solutions for deprecated software, acquired Xeol, end-of-life software detection intelligence for their tech stacks (more)

  • AttackIQ, a vendor of Adversarial Exposure Validation solutions, acquired DeepSurface, a security posture management company (more)

  • BetterLesson, a provider of professional learning for K-12 educators, acquired Abl, a company specializing in student programming (more)

  • InSite Engineering, a water engineering and design services firm, received a strategic investment from Godspeed Capital (more)

VC

  • Hidden Level, a provider of a passive radar and radio frequency sensing tech, raised $64M in Series C funding (more)

  • Archive, a tech company that empowers profitable resale businesses for brands, raised $30M in Series B funding (more)

  • Monograph, project management software for architecture and engineering firms, raised $20M in Series B funding (more)

  • Atombeam, a company developing Data-as-Codewords technology, raised $20M in funding (more)

  • Qount, a developer of AI-powered practice management software solutions for public accounting firms, raised $17M in funding (more)

  • Desteia, a tech startup supporting leaders and operators with tools to make optimal decisions for their supply chain, raised $8M in Seed funding (more)

  • Tandem, a platform that discovers, leases, and manages office spaces, raised $6.1M in Seed funding (more)

  • Trayd, a construction payroll platform, raised $4.5M in Seed funding (more)

  • PlantBaby, a company dcreating solutions in the plant-based nutrition space, raised an undisclosed amount in Seed funding (more)

  • Genvax Technologies, a startup bringing RNA vaccine production to animal health, raised an undisclosed amount in Series Seed Plus funding (more)

CRYPTO

  • SEC moves to scale back its crypto enforcement efforts (more)

  • Crypto market has become ‘very confusing,’ losing all logic — Traders (more)

  • Crypto market may take over 2 mo. for ‘full recovery’ if 2022 pattern repeats (more)

BULLISH BITES

🤑 Scoop: 20,000 federal workers take "buyout" so far.

🙌 Andreessen Horowitz hires Daniel Penny after subway chokehold acquittal.

📱  Study: Teens spent a quarter of the school day on their phones.

⛱ The cutthroat game of snagging a pool chair on vacation.

DAILY SHARES

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