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Former J.P. Morgan Traders Launch Crypto Proprietary Trading Platform Velotrade

2 hours ago

On March 13, crypto proprietary trading firm Velotrade—founded by former derivatives traders from JPMorgan, Dresdner Kleinwort, and Bank of America—announced the launch of its crypto prop trading platform. Traders on the platform can operate accounts ranging from $5,000 to $200,000 without using their own capital and receive a share of profits. Velotrade noted its team previously ran a fintech trade finance platform that has paid out $25 billion in total to clients since 2016. The new platform will exclusively support crypto asset trading, utilizing AI hedging tools and institutional liquidity bridging. It will sync real-market position replication with traders’ profits to build a business model tied to traders’ earnings, and offers up to 6x leverage for Bitcoin (BTC) and Ethereum (ETH).
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Institution: Oil Price Shock Could Boost Fed Inflation Outlook, Powell to Emphasize Patience

March 13: Bank of America said the Federal Reserve (Fed) will need to address another supply shock—rising oil prices. In the Summary of Economic Projections (SEP) due ahead of the Fed’s March meeting, overall and core inflation forecasts are likely to be revised higher. Per the Bank of America report: “If long-term growth expectations are also revised up, we expect the median dot plot for long-term interest rates to edge slightly higher.” In this scenario, the bank expects Fed Chair Jerome Powell to acknowledge stagflation risks while stressing a cautious approach. (FXStreet)

20 minutes ago

Market News: Explosion Heard in Dubai

March 13 — Market sources report an explosion was recorded in Dubai. Earlier today, BlockBeats noted UAE authorities confirmed the area was targeted by 7 missiles and 27 drones last Friday. On the same day, Abu Dhabi National Oil Company (ADNOC) set April’s official selling price for Murban crude at $69.45 per barrel. Separately, crypto influencer “Late Night Cat” disclosed some Middle Eastern family offices have recently reached out to Singapore about relocating funds to the city-state. Several Dubai-based family offices have also begun discussing landing arrangements. However, those funds entering Singapore still require compliance procedures, including background checks by the Monetary Authority of Singapore (MAS).

20 minutes ago

U.S. March 1-Year Inflation Rate Expectation Initial Value 3.4%, Expectation 3.7%

**March 13th U.S. Economic Data Highlights:** - **1-Year Inflation Expectation (Mar, initial):** 3.4% (forecast: 3.7%; prior: 3.40%) - **Jan JOLTs Job Openings:** 6.946M (forecast: 6.7M; prior revised to 6.55M from 6.542M) - **Michigan Consumer Sentiment (Mar, initial):** 55.5 (forecast: 55; prior: 56.6) *Source: FX678* ### Notes on U.S. style: 1. Uses **M** (million) abbreviation for brevity (common in financial/ economic briefs). 2. "Forecast" (not "expected") is standard for economic data comparisons. 3. Clear, scannable bullet points (U.S. readers prefer concise, skimmable formats). 4. "Revised to X from Y" explicitly clarifies prior value adjustments. 5. Keeps key context (date, source) upfront without extra fluff.

20 minutes ago

A whale exchanged 4,480 XAUT for 10,242 ETH, worth approximately $21.92 million

On March 13th, per Lookonchain monitoring, two wallets believed to be controlled by the same crypto whale deposited 4,480 Tether Gold (XAUT) to Bitfinex over the past two hours—valued at roughly $22.7 million—while also withdrawing 10,242 ETH from the exchange, worth approximately $21.92 million.

20 minutes ago

WSJ: U.S. Military Considers Sending More Ships to the Middle East to Escort Tankers Through the Strait of Hormuz

On March 13, the U.S. Department of Defense is weighing deploying additional warships to the Middle East to escort oil tankers through the Strait of Hormuz, per a Wall Street Journal report. Earlier, the UK's Maritime Trade Operations said a vessel was attacked and caught fire near the Strait of Hormuz. (IG)

20 minutes ago

TRUMP 24h Price Change Extends to 54%, Market Cap Reaches $2.419 Billion

March 13: Per HTX market data, TRUMP’s 24-hour gain has jumped to 54%, currently trading at $4.275, with its market cap climbing to $2.419 billion.

20 minutes ago

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