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Michael Saylor-Fueled Crypto Complex Gets Bigger With Debt ETF

(Bloomberg) -- By courting retail daredevils and opportunistic hedge funds alike, Michael Saylor has outwitted his Wall Street skeptics to build up a Bitcoin empire, helping create a whole new crypto-investment complex along the way.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspec

Wall Street Goes All In on Great Crypto Comeback Fueled by Trump

(Bloomberg) -- It was only three years ago that a dispute between an infamous crypto billionaire and a titan of the financial establishment became the center of attention at an annual event known as the Davos of the derivatives market.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProsp

German stocks, euro rally as German parties agree on historic debt deal

German Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on Friday on a massive increase in state borrowing just days ahead of a parliamentary vote next week, Reuters reported, citing a source close to the negotiations. The euro also strengthened and was last up 0.5% at $1.0904,, while Germany's 10-year bond yield, rose 7 basis points to 2.93%. Bond markets have generally been of the view that the package will be approved and hence 10-year Bund yields have not retracted at all after the sharp increase last week.