Crypto & Macro Correspondent
Elena Rossi
Elena spent six years on Goldman's macro derivatives desk before deciding she preferred writing about markets to trading them. Her beat is the messy collision between crypto, central banks, and the policy decisions that quietly reshape both. She believes most market commentary is noise, and the job is to find the signal — fast, then explain it without the jargon.
Joined Obsidian 2023
More posts by Elena Rossi
Oil giant Shell tops quarterly profit estimates as Iran war drives price surge
Britain's Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.
FTSE 100 Live: Stock markets set for slower start, Shell, BAE, JD Sports report
7.15am: FTSE 100 facing slower start, local elections in focus A slower start for the FTSE 100 has been called on Thursday, as domestic attention turns to politics with an important round of local elections that some predict could heap pressure on Keir Starmer to resign. The UK's...
Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger
The pilot, run with Ondo Finance and Mastercard, processed the redemption of Ondo's OUSG tokenized Treasury fund in under five seconds.
SoftBank shares surge over 16% as Japan tech stock-fueled rally lifts Nikkei 225 to record highs
The benchmark Nikkei 225 surged over 5% to a record high as Japan reopened after extended Golden Week holidays.
Moderna Shareholders OK Directors, Executive Pay Votes and Ernst & Young as 2026 Auditor at AGM
Moderna (NASDAQ:MRNA) shareholders approved all four management proposals at the company’s 2026 Annual Meeting of Shareholders, including the re-election of two directors, advisory votes related to executive compensation, and the ratification of Ernst & Young as the company’s independent auditor
Asia-Pacific markets set to climb as traders weigh Trump’s Iran threats against peace hopes
Asia-Pacific markets were set to climb, shrugging off renewed tensions in the Middle East.
Nasdaq's president says the SEC’s new crypto stance is letting markets 'build' again
Nasdaq’s Tal Cohen said a friendlier SEC is giving crypto firms and exchanges room to experiment with tokenization and digital market infrastructure.
Wall Street's clearinghouse seeks 'high-performance' blockchains to tokenize corporate actions
DTCC CEO Frank La Salla said the clearing giant is working with layer-1 blockchains to bring millions in corporate actions like dividend payments onchain, but challenges remain.
Crypto’s mainstream moment has arrived, say industry leaders speaking at Consensus Miami
Executives from Binance, Revolut and Circle say crypto is evolving beyond speculation into the financial infrastructure powering payments, remittances and broader global access.
Sigma Lithium Corporation (SGML) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Sigma Lithium Corporation (SGML) concluded the recent trading session at $22.85, signifying a +1.42% move from its prior day's close.
DoorDash pops 12% on strong earnings, upbeat order growth guidance
DoorDash is in the middle of a massive spending initiative as it builds out a new tech platform following a string of acquisitions.
Apollo CEO Rowan warns of market correction, slams 'egregious' practices at rival insurers
Apollo CEO Marc Rowan warned that markets face an elevated risk of unexpected shocks, saying he is positioning the firm defensively for an expected correction.
Nvidia to invest up to $3.2 billion in Corning as part of massive optical fiber deal with 3 new factories focused on AI
Corning is opening three new advanced manufacturing plants in the U.S. dedicated entirely to optical technologies for Nvidia.
Beyond humans: Lily Liu says Solana is building the payment rails for the 'AI machine economy'
At Consensus Miami 2026, Solana Foundation President Lily Liu argued that stablecoin adoption by firms like Western Union validates Solana’s role as financial infrastructure for both human and machine economies.
Crypto derivatives have converged with Wall Street. Equity perps could soon prove it.
Crypto and traditional finance are converging fast, with perpetual futures emerging as the strongest bridge between the two.
North Korea terror victims escalate fight to seize $71 million from Aave hack
In a 30-page response filed Tuesday, attorneys for victims of three North Korea terrorism cases reframed the April 18 Aave hack as fraud rather than theft — a distinction that could give the attackers legal title to the borrowed crypto.
Kelp DAO to migrate rsETH to Chainlink CCIP as blame game continues
Bryan Pellegrino, co-founder and CEO of LayerZero, disputed Kelp DAO’s accusations and said a postmortem by external security firms will be published soon.
EV maker Lucid suspends production guidance amid incoming CEO's business review
Lucid Group said it will make moves to better align its production with customer demand for its luxury all-electric vehicles.
The world's entire economy will be tokenized, says Consensys’ Joseph Lubin
The Consensys CEO and founder said tokenization can be traced back to Ethereum, the blockchain he helped co-found.
It's transparency, not tech alone, that drives crypto adoption, panelists tell Consensus Miami
Execs from PayPal, Robinhood, Public.com and 248 Ventures said the way to move retail into crypto and AI is to slow down, show your work, and put users back in control.
Signet (SIG) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Signet (SIG) closed at $81.99, marking a -4.33% move from the previous day.
MakeMyTrip (MMYT) Stock Dips While Market Gains: Key Facts
MakeMyTrip (MMYT) reached $47.06 at the closing of the latest trading day, reflecting a -2.37% change compared to its last close.
HP (HPQ) Outpaces Stock Market Gains: What You Should Know
HP (HPQ) closed at $21.15 in the latest trading session, marking a +1.54% move from the prior day.
Different voices in product, policy and hiring change crypto outcomes, panelists tell Consensus Miami
Senior leaders from Mastercard, the Crypto Council for Innovation and Clerisy said the right people in the right rooms can reshape internal decisions, citing examples from stablecoin-linked cards and financial access to staking-policy framing in Washington.
AI agents are breaking web economics, but Cloudflare says x402 can help
The company’s Chief Strategy Officer said that more than half of internet traffic is now non-human, but that the x402 Foundation is building the rails for a "golden age of content."
Prophet launches AI-powered prediction market with live $10,000 trading tranche
Prophet, an AI-native prediction market platform, has launched its first live trading tranche, introducing a system where an acts as the counterparty to user trades using real capital.
Kraken eyes IPO as it partners with MoneyGram to bridge crypto-to-cash gap
Payward and Kraken co-CEO Arjun Sethi says the exchange is “80% ready” to go public, as a new partnership with MoneyGram aims to expand access to digital assets by solving last-mile cash conversion.
Micron zooms past $700 billion market cap as rally in memory stocks accelerates
Micron has emerged as one of the most valuable U.S. tech companies thanks to insatiable demand for memory that's needed in AI chips.
Spirit starts monthslong process of dismantling airline after biggest collapse in a generation
Spirit Airlines was back in bankruptcy court to start dismantling the airline.
UniCredit CEO says taking control of Commerzbank ‘not the expected scenario’
The Italian lender is making a takeover bid for German rival Commerzbank, despite pushback in Germany.
Bitcoin used to hate inflation. Now it might be the opposite
Bitcoin is rallying alongside inflation signals, defying the traditional macro playbook.
Ripple to share North Korean threat intelligence with crypto firms
Ripple said April's $285 million Drift breach revealed a new pattern of long-cycle social engineering replacing traditional smart contract exploits.
3 Consumer Stocks with Questionable Fundamentals
Most consumer discretionary businesses succeed or fail based on the broader economy. Lately, it seems like demand trends have worked in their favor as the industry has returned 7.5% over the past six months, similar to the S&P 500.
American pilots union chief says United CEO's merger idea showed 'bold vision'
United said last month it had ended its pursuit of a merger with American after the rival carrier declined to engage following an initial approach.
XRP slips below $1.40 on heavy volume, tightening range puts breakout in focus
High-volume breakdown reset positioning, but compression between $1.38–$1.44 now points to a larger move.
HSBC first-quarter pre-tax profit misses estimates on higher expected credit losses
Europe's largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, marginally missing analysts' estimates.
1 S&P 500 Stock to Own for Decades and 2 We Avoid
While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner. Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds.
Bitcoin tests $80,000 as Asia’s bid fades and Hong Kong AI IPOs surge
Western desks are carrying the bitcoin rally alone, with Friday’s jobs report the next test.
OpenAI sales leader leaves for role at Thrive Capital
James Dyett joined OpenAI in 2023, shortly after the company underwent a period of explosive growth with the launch of its ChatGPT chatbot.
Pinterest surges 15% after earnings beat as company posts strong guidance
Pinterest cut nearly 15% of its workforce and reduced office space in January as it pushes more resources into AI.
Pirro changes course in Fed investigation, move unlikely to satisfy Powell
The U.S. attorney opted not to appeal a ruling that had blocked her subpoenas to the Fed.
GameStop's $55.5 billion eBay takeover bid puts its $368 million bitcoin stash in the crosshairs
The video game retailer’s proposed acquisition plan revives question on whether its $368 million bitcoin stash could be sold to fund the expansion.
Circle, Coinbase lead crypto stocks rally amid Clarity Act progress, bitcoin hitting $80,000
The market is starting to price in potential winners as stablecoin yield compromise opens path for passing key U.S. digital asset regulation, one analyst said.
Wall Street giant DTCC plans tokenized securities platform with July pilot, October launch
Clearing giant's move toward live tokenization market adds weight to Wall Street's blockchain push.
Veteran trader Peter Brandt sees bitcoin hitting $250,000, but only after a bottom later this year
Veteran trader Peter Brandt sees bitcoin rallying to $250,000 in 2029, but only after the market finishes a long drawn-out bottoming process that could last into September 2026.
XRP zooms above $1.40 on rising volume, putting focus on further breakout
Sharp volume surge drives move through $1.40, meaning traders may now watch whether the level holds as support.
Bitcoin reclaims $80,000 as flows build, but traders hedge and doubt a breakout
Strong ETF inflows and rising leverage are lifting prices, yet CryptoQuant data shows weak spot demand and Polymarket odds put just a 23% chance on $90,000 this month.
Stablecoin firms have a $112B opportunity in LATAM remittance outside of US-Mexico: Bybit
The US-to-Mexico remittance corridor, while still the largest, shrank 4.5% in 2025 as other Latin American corridors grew.
Seoul, Taipei hit records as Asian stocks track Wall St tech rally
Tech firms led a rally across most Asian markets Monday following another healthy day on Wall Street fuelled by more strong earnings, while investors were also cheered by news that Iran had submitted fresh proposals to end its war with the United States.Iran's foreign ministry said Tehran had submitted a 14-point plan
Morgan Stanley's Oldenburg: Bitcoin on U.S. bank balance sheets is coming, just not yet
Morgan Stanley launched the first bank-issued Bitcoin ETP, but Amy Oldenburg said advisors, regulators and balance sheets still have a long way to go.
Trump says U.S. will 'free' ships trapped in Persian Gulf by Strait of Hormuz closure
Vessels have been largely unable to pass through the Strait of Hormuz for months, disrupting key supply chains.
Greg Abel earns solid scorecard from Berkshire shareholders after first annual meeting
The reviews from longtime shareholders and professional investors were broadly positive, even as many acknowledged the notable absence of Warren Buffett.
AI Is Driving the Market: J.P. Morgan Picks 2 Stocks With Direct Exposure
Amid ongoing macro uncertainty, Joyce Chang, Chair of Global Research at JPMorgan, says a more persistent force is shaping the market – AI. Rising investment and spending are driving earnings growth and supporting the broader market, particularly through continued buildout in data centers, cloud infrastructure, and rel
Should You Dump Bitcoin for Stocks After the S&P 500 Hit a New Record on Apple’s $100 Billion Buyback?
When it comes to where you put your money, the choice between crypto and stocks has always been one of the hardest to make in investing. One side gives you steady compounding backed by company earnings, while the other gives you a fixed-supply asset that comes up as high risk/high reward. Most people usually hold... S
Americans still prefer banks over crypto for financial access, CoinDesk's survey shows
New polling of voters suggests they aren't yet warming much to crypto, tending to see it as a negative force in the economy, and they have similar distrust of AI.
Used EV sales are surging — how their ownership costs compare to gas-powered cars
With more affordable electric vehicles hitting used-car lots, buyers should be aware of some ownership costs that may differ from those that come with gas cars.
Americans distrust crypto, AI as industry super PACs flood midterms, poll finds
A new Politico poll finds most Americans distrust crypto and AI, raising questions about whether candidates backed by industry super PACs could face voter backlash.
Mike Cagney’s second act: Turning blockchain into Wall Street’s new plumbing
Figure’s $1 billion month capped a years-long push to strip out middlemen from credit markets, bringing real-world assets, lending and even equities onchain.
Buying record highs looks riskier in the Nasdaq and Russell 2000 than in the broader market: Chart of the Day
Stock market all-time highs are not always dangerous. But they are not all created equal.
US CISA adds ‘insane’ Linux Copy Fail flaw to watch list
Malicious actors with code execution capability may gain root access on Linux systems using as few as 10 lines of Python, according to a researcher.