World Liberty Financial Applies for National Trust Bank Charter
World Liberty Financial has applied for a national trust bank charter to bring its stablecoin operations in-house, signaling a push for institutional adoption. Meanwhile, Upexi has outlined a new yield strategy for its massive corporate treasury, and Polymarket has secured a data partnership with Dow Jones. As regulatory efforts advance in Florida, the broader market faces headwinds with spot ETFs recording net outflows. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.WORLD LIBERTY FINANCIAL FILES FOR NATIONAL TRUST BANK CHARTER:, the Trump family-backed crypto project World Liberty Financial, issuer of the token of the same name (WLFI-USD), has submitted an application for a national trust bank charter with the Office of the Comptroller of the Currency. The charter would allow the firm to issue, custody, and convert its USD1stablecoin in-house, replacing its reliance on third-party providers. World Liberty CEO Zach Witkoff stated that the move is intended to create a "highly regulated," full-stack offering for institutional clients using the stablecoin for settlement and treasury operations.UPEXI IMPLEMENTS NEW YIELD STRATEGY FOR SOLANA TREASURY:, digital brand owner Upexiannounced plans to execute a new "high-return" yield strategy for its holdings of solana. The company disclosed that its treasury now holds over 2.17M tokens, an increase of 3.2% since October. Upexi CEO Allan Marshall noted that the transition aims to "materially increase total yield while maintaining a prudent risk profile" as the company continues its stock buyback program.DOW JONES PARTNERS WITH POLYMARKET FOR PREDICTION DATA:According to a press release,, a subsidiary of News Corp. The deal will integrate real-time prediction market data into Dow Jones' publications, including The Wall Street Journal, Barron's, and MarketWatch, providing investors with decentralized sentiment indicators alongside traditional financial news.RIPPLE PRESIDENT CONFIRMS NO IPO PLANS AMID GROWTH:, Ripple Labs President Monica Long confirmed that the payments company has no current plans for an initial public offering. Long emphasized that Ripple Labs, closely associated with XRP, is in a "really healthy position" financially following a recent $500M fundraise and does not need to access public markets to fund its growth. The executive noted that the company remains focused on scaling its business in the current regulatory environment.FLORIDA SENATE ADVANCES STRATEGIC BITCOIN RESERVE BILL:, Florida lawmakers are reviewing Senate Bill 1038, which proposes the creation of a "Florida Strategic Cryptocurrency Reserve." The legislation would authorize the state's CFO to allocate state funds into digital assets, specifically limiting eligible purchases to cryptocurrencies with a market capitalization exceeding $500B, a threshold currently met only by bitcoin.SPOT BITCOIN AND XRP ETFS SEE NET OUTFLOWS:shows that U.S. spot crypto ETFs experienced a shift in sentiment on Wednesday. Bitcoin funds recorded substantial net outflows of nearly $486M, while spot XRPETFs saw their first-ever net outflows of $40.8M, snapping a record 36-day streak of inflows. Analysts attribute the reversal to profit-taking following early-year rallies and a broader rebalancing of risk assets.PRICE ACTION:As of the time of writing, the price of bitcoinwas trading at approximately $90,449.99, while etherwas changing hands near $3,095.68,.
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AI-Exposed Stocks Face Challenges Amid Market Shift
- Market Sentiment Shift: As fears grow that artificial intelligence could disrupt demand rather than enhance it, software and AI-exposed stocks have faced significant sell-offs at the start of 2023, particularly in February, leading investors to reassess their risk exposure.
- Capital Flow Changes: Goldman Sachs equity strategist Ben Snider indicates that capital is rotating towards sectors perceived as insulated from AI disruption, marking a clear departure from last year's market strategies and reflecting diminished investor confidence in AI themes.
- Cyclical Industry Rally: Despite software stocks experiencing one of their worst weeks since the 2022 rate-hike panic, cyclical and consumer-linked industries have continued their recent rallies, indicating a growing preference for traditional sectors among investors.
- Strong Dow Jones Performance: Amid the decline in software stocks, the Dow Jones Industrial Average has rallied towards all-time highs, suggesting increased investor confidence in industries tied to physical assets and cyclical activity, further emphasizing the market's demand for safety from AI-driven productivity risks.
Dow Jones Index Surpasses 50,000 for the First Time
- Historic Milestone: The Dow Jones Industrial Average surpassed 50,000 for the first time in 2026, marking a significant achievement since its inception in 1896, reflecting sustained investor confidence amid economic fluctuations.
- Tech Stock Influence: This milestone was largely driven by strong performances from technology stocks, particularly Nvidia's replacement of Intel, highlighting the market's heightened focus and investment enthusiasm in the artificial intelligence sector.
- Market Rebound: Following a downturn in 2022, the Dow rebounded nearly 13% in 2023, with this breakthrough occurring against the backdrop of the index climbing over 1,100 points, demonstrating a robust market recovery.
- Changing Economic Landscape: Despite concerns over Trump's tariff policies and the impact of AI spending, the market has shown resilience, indicating investor optimism regarding future economic growth.
"Transportation Stocks Surge, Triggering Buy Signal from 'Dow Theory'"
- Transportation Shares Movement: Recent activity in transportation stocks indicates potential for continued stock market rally despite recent downturns.
- Market Resilience: The resilience of transportation shares suggests that investor confidence may remain strong, supporting overall market performance.
- Stock Market Dynamics: The interplay between transportation stocks and broader market trends highlights the importance of sector performance in stock market recovery.
- Investor Sentiment: Positive movements in specific sectors like transportation can influence overall investor sentiment and market outlook.
Valmet to Supply Solutions for Dow's Path2Zero Project
- Partnership Announcement: Valmet has partnered with Dow to provide turnkey process analytical solutions for the Path2Zero project at Fort Saskatchewan, Alberta, marking a significant step in their collaboration towards sustainability.
- Industry Benchmark: The Path2Zero project aims to establish the world's first net-zero Scope 1 and 2 emissions integrated ethylene cracker and derivatives complex, pushing the industry towards a low-carbon future and enhancing Valmet's competitive edge.
- Technological Edge: Valmet will deliver advanced analytical solutions based on MAXUM II Gas Chromatographs, optimizing plant efficiency, quality, and safety, thereby supporting Dow's decarbonization efforts and solidifying Valmet's leadership in automation solutions.
- Future Deliverables: Engineering deliverables are underway, with system deliveries expected in 2027 and 2028, showcasing Valmet's capability to meet complex analytical needs and supporting the growth of its global automation products and integration business.
Valmet to Supply Solutions for Dow's Path2Zero Project
- Project Background: Valmet has partnered with Dow to supply turnkey process analytical solutions for its Path2Zero project at the Fort Saskatchewan site in Alberta, Canada, aiming to create the world's first net-zero emissions integrated ethylene cracker and derivatives complex, setting a new industry benchmark.
- Technological Advantage: Valmet will provide advanced analytical solutions based on MAXUM II Gas Chromatographs, which will help optimize plant efficiency, quality, and safety, thereby supporting Dow's decarbonization efforts and advancing sustainability goals.
- Strategic Significance: This order not only showcases Valmet's capability to meet complex analytical needs but also highlights the growth of its Analyzer Products & Integration business, aiding the company's expansion in the global automation sector beyond its traditional biomaterials business.
- Delivery Timeline: While the specific value of the orders remains undisclosed, system deliveries are scheduled for 2027 and 2028, with Valmet providing a comprehensive solution that includes gas chromatographs, third-party analyzers, sample systems, and more to ensure successful project execution.
VALMET WILL NOT REVEAL THE VALUE OF P2Z ORDERS
- Valmet Value of P2 Orders: The value of P2 orders at Valmet will not be disclosed publicly.
- Confidentiality of Orders: The decision to keep the order values confidential suggests a strategic approach to business operations.
AI-Exposed Stocks Face Challenges Amid Market Shift
- Market Sentiment Shift: As fears grow that artificial intelligence could disrupt demand rather than enhance it, software and AI-exposed stocks have faced significant sell-offs at the start of 2023, particularly in February, leading investors to reassess their risk exposure.
- Capital Flow Changes: Goldman Sachs equity strategist Ben Snider indicates that capital is rotating towards sectors perceived as insulated from AI disruption, marking a clear departure from last year's market strategies and reflecting diminished investor confidence in AI themes.
- Cyclical Industry Rally: Despite software stocks experiencing one of their worst weeks since the 2022 rate-hike panic, cyclical and consumer-linked industries have continued their recent rallies, indicating a growing preference for traditional sectors among investors.
- Strong Dow Jones Performance: Amid the decline in software stocks, the Dow Jones Industrial Average has rallied towards all-time highs, suggesting increased investor confidence in industries tied to physical assets and cyclical activity, further emphasizing the market's demand for safety from AI-driven productivity risks.
Dow Jones Index Surpasses 50,000 for the First Time
- Historic Milestone: The Dow Jones Industrial Average surpassed 50,000 for the first time in 2026, marking a significant achievement since its inception in 1896, reflecting sustained investor confidence amid economic fluctuations.
- Tech Stock Influence: This milestone was largely driven by strong performances from technology stocks, particularly Nvidia's replacement of Intel, highlighting the market's heightened focus and investment enthusiasm in the artificial intelligence sector.
- Market Rebound: Following a downturn in 2022, the Dow rebounded nearly 13% in 2023, with this breakthrough occurring against the backdrop of the index climbing over 1,100 points, demonstrating a robust market recovery.
- Changing Economic Landscape: Despite concerns over Trump's tariff policies and the impact of AI spending, the market has shown resilience, indicating investor optimism regarding future economic growth.
"Transportation Stocks Surge, Triggering Buy Signal from 'Dow Theory'"
- Transportation Shares Movement: Recent activity in transportation stocks indicates potential for continued stock market rally despite recent downturns.
- Market Resilience: The resilience of transportation shares suggests that investor confidence may remain strong, supporting overall market performance.
- Stock Market Dynamics: The interplay between transportation stocks and broader market trends highlights the importance of sector performance in stock market recovery.
- Investor Sentiment: Positive movements in specific sectors like transportation can influence overall investor sentiment and market outlook.
Valmet to Supply Solutions for Dow's Path2Zero Project
- Partnership Announcement: Valmet has partnered with Dow to provide turnkey process analytical solutions for the Path2Zero project at Fort Saskatchewan, Alberta, marking a significant step in their collaboration towards sustainability.
- Industry Benchmark: The Path2Zero project aims to establish the world's first net-zero Scope 1 and 2 emissions integrated ethylene cracker and derivatives complex, pushing the industry towards a low-carbon future and enhancing Valmet's competitive edge.
- Technological Edge: Valmet will deliver advanced analytical solutions based on MAXUM II Gas Chromatographs, optimizing plant efficiency, quality, and safety, thereby supporting Dow's decarbonization efforts and solidifying Valmet's leadership in automation solutions.
- Future Deliverables: Engineering deliverables are underway, with system deliveries expected in 2027 and 2028, showcasing Valmet's capability to meet complex analytical needs and supporting the growth of its global automation products and integration business.
Valmet to Supply Solutions for Dow's Path2Zero Project
- Project Background: Valmet has partnered with Dow to supply turnkey process analytical solutions for its Path2Zero project at the Fort Saskatchewan site in Alberta, Canada, aiming to create the world's first net-zero emissions integrated ethylene cracker and derivatives complex, setting a new industry benchmark.
- Technological Advantage: Valmet will provide advanced analytical solutions based on MAXUM II Gas Chromatographs, which will help optimize plant efficiency, quality, and safety, thereby supporting Dow's decarbonization efforts and advancing sustainability goals.
- Strategic Significance: This order not only showcases Valmet's capability to meet complex analytical needs but also highlights the growth of its Analyzer Products & Integration business, aiding the company's expansion in the global automation sector beyond its traditional biomaterials business.
- Delivery Timeline: While the specific value of the orders remains undisclosed, system deliveries are scheduled for 2027 and 2028, with Valmet providing a comprehensive solution that includes gas chromatographs, third-party analyzers, sample systems, and more to ensure successful project execution.
VALMET WILL NOT REVEAL THE VALUE OF P2Z ORDERS
- Valmet Value of P2 Orders: The value of P2 orders at Valmet will not be disclosed publicly.
- Confidentiality of Orders: The decision to keep the order values confidential suggests a strategic approach to business operations.
