US regulators are now raising concerns that the vehicles may not legally qualify as ETFs at all under federal securities laws.

If passed by the Senate, a repeal of the IRA “would mark a sharp reversal in US clean-tech policy”, Bibani said.

Stablecoins have become crucial to the functioning of crypto markets, with about US$243 billion of them in circulation in May 2025.

The president also said trade discussions with the EU “are going nowhere” and recommended “a straight 50% tariff on the European Union, starting on June 1, 2025.”

Bitcoin surged to a new all-time high after a temporary trade agreement between the United States and China eased macroeconomic fears and boosted investor confidence.

The move puts JPMorgan alongside other major banks such as Morgan Stanley, which already allows its financial advisors to pitch clients on some bitcoin ETFs for eligible clients.

But Mr Hogan said markets are bracing themselves for a hit to inflation later in 2025 from the overall policy shift to higher tariffs.

Bitcoin is trading above $97K as optimism grows over potential U.S.-China trade talks, despite skepticism about a deal being reached soon.

The US Federal Reserve is expected to cut rates, but mortgage rates in Singapore, particularly those tied to Sora, usually lag behind global moves.

Circle issues of one of the world’s largest stablecoins, crypto tokens pegged to the US dollar or other currencies that are used by traders to move digital assets

This is up from the current US$2 trillion investment opportunity for this sector, according to a new report by Singapore sovereign wealth fund GIC.

When things go on sale, you should consider bringing forward your purchases to take advantage of the discount on offer.