Buffett Warns of Rising Financial System Vulnerability
On March 31, Warren Buffett warned that growing ties between the banking system and non-bank institutions are revealing signs of fragility in the financial system.
He emphasized the Federal Reserve’s top priority should be safeguarding financial stability, noting firms like JPMorgan Chase are economic linchpins processing trillions of dollars in daily fund flows.
“They’re intertwined—problems at one institution can spread to others,” Buffett told CNBC in a Tuesday interview.
Recent credit market defaults have stoked concerns about balance sheet risks at banks and private credit funds, shaking investor sentiment. Buffett noted that widespread market panic could trigger rapid investor withdrawals.
(FXStreet)
1 minutes ago
US Stocks Open Higher and Continue to Rise, with Nasdaq Up 2%
On March 31, Bitget data shows U.S. equities opened higher and extended gains: the Nasdaq rose 2%, the S&P 500 climbed 1.6%, and the Dow Jones Industrial Average (Dow) was up 1.4%.
1 minutes ago
Galaxy Research Director Reviews Google Quantum Paper: Practical Engineering Challenges such as Error Correction Remain Unsolved
On March 31, Alex Thorn—Galaxy’s Research Director—posted on X, stating:
“This Google quantum paper is critical because researchers have broken through in circuit optimization.
Prior schemes (per Litinski 2023, photonic architecture) needed roughly 9 million physical qubits. This study’s circuit, however, is expected to run Shor’s algorithm with ~500,000 physical qubits under reasonable conditions—and it uses a superconducting architecture aligned with Google’s own processor specs.
That’s a ~20x optimization boost for circuit design. The progress comes partly from a more optimal layout and partly from hardware assumptions that better match real-world limits. Still, core engineering hurdles—error correction, decoherence, gate fidelity—haven’t changed.
The team developed these circuits but didn’t share specifics. Instead, they proved their existence via “responsible disclosure” using zero-knowledge proofs (ZKP): outsiders can verify their conclusions without seeing the actual
1 minutes ago
Coinbase Bitcoin Price Premium Index has been in negative premium for 13 consecutive days, with buying power in the United States remaining weak
Per Coinglass data as of March 31, Coinbase’s Bitcoin Premium Index has stayed in negative territory for 13 straight days, currently at -0.0903% — amid subdued buying power in the U.S. market.
The index tracks the spread between Coinbase’s Bitcoin price and the global market average. A negative reading typically signals:
- Greater selling pressure in the U.S. market
- Reduced investor risk appetite
- Elevated market risk aversion
- Capital outflows
### Notes on U.S. language habits:
- Used **"straight days"** (more conversational than "consecutive days" in news)
- Swapped **"spread"** (standard financial term for price difference) for "difference"
- Used **"reading"** (common for index values) instead of repeating "negative premium"
- Added a colon + bullet points (simpler for quick info, U.S. news style)
- Dropped "st" in "March 31" (casual/concise for alerts)
- Replaced "rise in" with **"elevated"** (more precise for market metrics)
- Used **"amid"** (flow
1 minutes ago
Trump Says Not Yet Giving Up Pressure on Iran to Open Strait of Hormuz
March 31 — In a CBS News interview, former President Donald Trump said he’s “not ready to give up” on efforts to pressure Iran to reopen the Strait of Hormuz.
A CBS reporter reached out to Trump Tuesday morning to clarify his earlier comment suggesting he might back off related actions. Trump repeated his frustration that other countries haven’t deployed military forces to join U.S.-led efforts against Iran, but stressed he’s not ready to pull U.S. forces out of the standoff.
“I’ll do it at some point, but not now. Other countries have to get involved and handle this themselves. Iran’s been weakened, but they need to take care of it on their own,” he said.
Trump also emphasized that despite Iran’s ongoing attacks on ships and Gulf state infrastructure, there’s “no real threat” to the Strait of Hormuz. “Let them fight their own battles. They won’t help anyone. NATO’s terrible—they’re all terrible. If they want oil, they should go get it themselves,” he added.
(FX Street)
1 minutes ago