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The cryptocurrency market is showing signs of fragility after $1 billion in liquidations were triggered by an unexpected rise in the Producer Price Index (PPI). Bitcoin briefly dipped below $112,000 as traders adjusted positions, while Ethereum ETFs saw strong inflows of $729 million despite the market turbulence. The market's sensitivity to macroeconomic indicators highlights the growing correlation between crypto and traditional markets.  💬 Do you think investors should change how they manage risks because crypto is acting more like traditional markets or do you see this more as a chance to make profits from new market opportunities? 👉 Complete daily tasks on Task Center to earn Binance Points:   •  Create a post using ##MarketTurbulence ,   •  Share your Trader’s Profile,   •  Or share a trade using the widget to earn 5 points! (Tap the “+” on the Binance App homepage and select Task Center) Activity Period: 2025-08-15 06:00 (UTC) to 2025-08-16 06:00 (UTC)
The cryptocurrency market is showing signs of fragility after $1 billion in liquidations were triggered by an unexpected rise in the Producer Price Index (PPI). Bitcoin briefly dipped below $112,000 as traders adjusted positions, while Ethereum ETFs saw strong inflows of $729 million despite the market turbulence. The market's sensitivity to macroeconomic indicators highlights the growing correlation between crypto and traditional markets. 

💬 Do you think investors should change how they manage risks because crypto is acting more like traditional markets or do you see this more as a chance to make profits from new market opportunities?

👉 Complete daily tasks on Task Center to earn Binance Points:
  •  Create a post using ##MarketTurbulence ,
  •  Share your Trader’s Profile,
  •  Or share a trade using the widget to earn 5 points!
(Tap the “+” on the Binance App homepage and select Task Center)

Activity Period: 2025-08-15 06:00 (UTC) to 2025-08-16 06:00 (UTC)
52 Billion Euro Budget Hole: Germany Blames Trump for Tax Revenue CrashGermany has revised its tax revenue forecast sharply downwards: by 2030, the federal budget will miss out on 52.3 billion euros compared to the estimate published in October, writes Bloomberg. The German Finance Ministry has placed the primary blame for the worsening situation on the war in Iran.

52 Billion Euro Budget Hole: Germany Blames Trump for Tax Revenue Crash

Germany has revised its tax revenue forecast sharply downwards: by 2030, the federal budget will miss out on 52.3 billion euros compared to the estimate published in October, writes Bloomberg. The German Finance Ministry has placed the primary blame for the worsening situation on the war in Iran.
Trump Delays Tariff Increase on EU Cars until July 4U.S. President Donald Trump has postponed the hike in tariffs on cars from the European Union (EU) until July 4. Trump announced this on Thursday, May 7, following what he described as a "wonderful phone call" with European Commission President Ursula von der Leyen. "I've been patiently waiting for the EU to fulfill its part of the historic trade deal made in Turnberry, Scotland, the biggest trade agreement ever! There was a promise that the EU would hold up its end and, as agreed, drop its tariffs to zero! I agreed to give them time until our country's 250th anniversary; otherwise, unfortunately, their tariffs will immediately spike to much higher levels," Trump wrote on his Truth Social page.

Trump Delays Tariff Increase on EU Cars until July 4

U.S. President Donald Trump has postponed the hike in tariffs on cars from the European Union (EU) until July 4. Trump announced this on Thursday, May 7, following what he described as a "wonderful phone call" with European Commission President Ursula von der Leyen.
"I've been patiently waiting for the EU to fulfill its part of the historic trade deal made in Turnberry, Scotland, the biggest trade agreement ever! There was a promise that the EU would hold up its end and, as agreed, drop its tariffs to zero! I agreed to give them time until our country's 250th anniversary; otherwise, unfortunately, their tariffs will immediately spike to much higher levels," Trump wrote on his Truth Social page.
Auto sales in Brazil dropped by 7.8% in AprilBrazil's automotive sector reported a decline in both sales and production in April, according to data released on Friday by the country's automakers association Anfavea. Sales dipped by 7.8% to 248,300 units in April compared to the previous month. Production fell by 9.5% to 238,500 units during the same period.

Auto sales in Brazil dropped by 7.8% in April

Brazil's automotive sector reported a decline in both sales and production in April, according to data released on Friday by the country's automakers association Anfavea.
Sales dipped by 7.8% to 248,300 units in April compared to the previous month. Production fell by 9.5% to 238,500 units during the same period.
US hotel revenue per room increased 3.2% in early MayRevPAR for American hotels surged 3.2% YoY for the week ending 02.05, according to STR data released by Goldman Sachs on Wednesday. The increase was driven by a 1.2% rise in occupancy and a 2.0% boost in ADR. The luxury segment led the charge with a 1.7% YoY gain in occupancy, followed by Upper Midscale at 1.5%. In terms of pricing, luxury properties topped the chart: the ADR jumped 2.7% YoY, while Upper Midscale and Midscale segments saw increases of 1.8%.

US hotel revenue per room increased 3.2% in early May

RevPAR for American hotels surged 3.2% YoY for the week ending 02.05, according to STR data released by Goldman Sachs on Wednesday.
The increase was driven by a 1.2% rise in occupancy and a 2.0% boost in ADR. The luxury segment led the charge with a 1.7% YoY gain in occupancy, followed by Upper Midscale at 1.5%. In terms of pricing, luxury properties topped the chart: the ADR jumped 2.7% YoY, while Upper Midscale and Midscale segments saw increases of 1.8%.
Telecom Italia: Q1 revenue slightly below forecast Telecom Italia reported Q1 revenue of €3.3 billion, which is a 1.4% increase year-over-year, but slightly missed the analyst consensus forecast of €3.34 billion. The temporary dip in earnings from virtual mobile operators (MVNOs) put pressure on internal metrics.

Telecom Italia: Q1 revenue slightly below forecast

Telecom Italia reported Q1 revenue of €3.3 billion, which is a 1.4% increase year-over-year, but slightly missed the analyst consensus forecast of €3.34 billion. The temporary dip in earnings from virtual mobile operators (MVNOs) put pressure on internal metrics.
Lufthansa expects profit growth despite cutting 20,000 flights. How will they achieve this?Despite the impact of the war in the Middle East, the German airline Lufthansa reported in its Q1 earnings that it anticipates a "significant increase" in profits by the end of 2026 compared to last year's figures. The airline expects to achieve these results through price hikes on tickets, optimizing its route network, and cutting costs, including retiring less efficient aircraft.

Lufthansa expects profit growth despite cutting 20,000 flights. How will they achieve this?

Despite the impact of the war in the Middle East, the German airline Lufthansa reported in its Q1 earnings that it anticipates a "significant increase" in profits by the end of 2026 compared to last year's figures. The airline expects to achieve these results through price hikes on tickets, optimizing its route network, and cutting costs, including retiring less efficient aircraft.
Heidelberg Materials' profits dip due to weatherGerman company Heidelberg Materials AG (ETR:HEIG) reported weak Q1 results on Wednesday: adverse weather conditions in key markets have reduced production volumes, however, the company reaffirmed its full-year outlook. The group's revenue took a hit, dropping 4% year-on-year to €4.54 billion for the first three months of 2026, while operating EBIT (RCO) plummeted 30% to €163 million.

Heidelberg Materials' profits dip due to weather

German company Heidelberg Materials AG (ETR:HEIG) reported weak Q1 results on Wednesday: adverse weather conditions in key markets have reduced production volumes, however, the company reaffirmed its full-year outlook.
The group's revenue took a hit, dropping 4% year-on-year to €4.54 billion for the first three months of 2026, while operating EBIT (RCO) plummeted 30% to €163 million.
Daimler Truck's profit plummets 71% due to US tariffsDaimler Truck Holding AG (ETR:DTGGe) reported a 71% drop in operating profit for Q1 on Wednesday: market uncertainty driven by US tariffs has sharply curtailed truck sales in North America, although the group's overall revenue beat analysts' expectations. The German truck manufacturer reported an EBIT (earnings before interest and taxes) of €292 million for the three months ending March 31, 2025, compared to €1 billion the previous year.

Daimler Truck's profit plummets 71% due to US tariffs

Daimler Truck Holding AG (ETR:DTGGe) reported a 71% drop in operating profit for Q1 on Wednesday: market uncertainty driven by US tariffs has sharply curtailed truck sales in North America, although the group's overall revenue beat analysts' expectations.
The German truck manufacturer reported an EBIT (earnings before interest and taxes) of €292 million for the three months ending March 31, 2025, compared to €1 billion the previous year.
Singapore's Private Sector Accelerated in AprilThe private sector economy of Singapore ramped up in April, fueled by a record influx of new orders, according to the S&P Global Singapore PMI business activity index published on Wednesday. The main PMI indicator climbed to 57.9 in April from 56.7 in March, marking the second strongest improvement in the private sector since 07/29/2022. This growth was primarily driven by new orders, which surged at the fastest pace since data collection began in 2012.

Singapore's Private Sector Accelerated in April

The private sector economy of Singapore ramped up in April, fueled by a record influx of new orders, according to the S&P Global Singapore PMI business activity index published on Wednesday.
The main PMI indicator climbed to 57.9 in April from 56.7 in March, marking the second strongest improvement in the private sector since 07/29/2022. This growth was primarily driven by new orders, which surged at the fastest pace since data collection began in 2012.
Rivian is developing new options for the affordable electric vehicle R2Rivian is working on undisclosed variants of its R2 electric vehicle, the company's CEO told Reuters — just days after starting the mass production of these compact and more affordable SUVs. Rivian, known for its premium R1 series SUVs and pickups, is gearing up to kick off deliveries of the R2 SUVs around June, according to Reuters.

Rivian is developing new options for the affordable electric vehicle R2

Rivian is working on undisclosed variants of its R2 electric vehicle, the company's CEO told Reuters — just days after starting the mass production of these compact and more affordable SUVs.
Rivian, known for its premium R1 series SUVs and pickups, is gearing up to kick off deliveries of the R2 SUVs around June, according to Reuters.
BMW's profits in Q1 fell by 25% due to tariffs and FCA feesOn Wednesday, BMW (ETR:BMWG) reported a 24.6% drop in pre-tax profits for Q1 to €2.35 billion, as U.S. tariffs, a slowdown in China, and new levies related to the UK's car loan compensation scheme pressured their profits, although the core automotive segment of the German carmaker outperformed analyst expectations.

BMW's profits in Q1 fell by 25% due to tariffs and FCA fees

On Wednesday, BMW (ETR:BMWG) reported a 24.6% drop in pre-tax profits for Q1 to €2.35 billion, as U.S. tariffs, a slowdown in China, and new levies related to the UK's car loan compensation scheme pressured their profits, although the core automotive segment of the German carmaker outperformed analyst expectations.
Honda Freezes Plans for EV Factory in CanadaHonda Motor Co (TYO:7267) is planning to freeze its plans for building a large electric vehicle factory in Canada: weak demand in the US market is forcing the company to pivot towards hybrid vehicles, reports Nikkei on Tuesday. The automaker intends to indefinitely halt the rollout of its project for building electric vehicle and battery factories in Ontario. Originally announced in 2024 with a planned investment of around C$15 billion ($11 billion), the project, which was set to produce up to 240,000 vehicles per year, has already been delayed for two years pending the final decision, the report states.

Honda Freezes Plans for EV Factory in Canada

Honda Motor Co (TYO:7267) is planning to freeze its plans for building a large electric vehicle factory in Canada: weak demand in the US market is forcing the company to pivot towards hybrid vehicles, reports Nikkei on Tuesday.
The automaker intends to indefinitely halt the rollout of its project for building electric vehicle and battery factories in Ontario. Originally announced in 2024 with a planned investment of around C$15 billion ($11 billion), the project, which was set to produce up to 240,000 vehicles per year, has already been delayed for two years pending the final decision, the report states.
Ferrari's Supply Drop Frustrates Investors Despite Profit Growth. Is the War to Blame?The Italian luxury car maker Ferrari has reported a drop in deliveries for Q1. While the company claims it was planned, it proved to be more significant for investors than the profit growth: Ferrari shares in the US dipped by 3%. The war in the Middle East has disrupted the company's operations, according to Bloomberg, although Ferrari insists that the conflict has not affected supply. FT previously reported that the company transports supercars to the region by air.

Ferrari's Supply Drop Frustrates Investors Despite Profit Growth. Is the War to Blame?

The Italian luxury car maker Ferrari has reported a drop in deliveries for Q1. While the company claims it was planned, it proved to be more significant for investors than the profit growth: Ferrari shares in the US dipped by 3%. The war in the Middle East has disrupted the company's operations, according to Bloomberg, although Ferrari insists that the conflict has not affected supply. FT previously reported that the company transports supercars to the region by air.
David Schwartz: Cryptocurrency — a Unique Earning OpportunityFormer Ripple CTO David Schwartz believes that cryptocurrencies could be a unique opportunity to get rich in just one generation. However, he has pulled most of his wealth out of digital assets to "sleep peacefully." Former Ripple exec, known on social media X as JoelKatz, shared why he once sold Ethereum for just $1.05 — long before the price skyrocketed to over $2,360.

David Schwartz: Cryptocurrency — a Unique Earning Opportunity

Former Ripple CTO David Schwartz believes that cryptocurrencies could be a unique opportunity to get rich in just one generation. However, he has pulled most of his wealth out of digital assets to "sleep peacefully."
Former Ripple exec, known on social media X as JoelKatz, shared why he once sold Ethereum for just $1.05 — long before the price skyrocketed to over $2,360.
AirAsia plans to order 150 Airbus A220sAirbus is set to announce on Wednesday an order for around 150 A220s from AirAsia, Reuters reported on Tuesday. This deal will support the manufacturer's smallest jetliner, which has recently been losing orders to Brazilian company Embraer. Quebec holds a minority stake in the A220 program. The aircraft is produced at the facility in Mirabel, north of Montreal, as well as on a separate assembly line in Mobile, Alabama. A220s for customers outside the US are made in Mirabel.

AirAsia plans to order 150 Airbus A220s

Airbus is set to announce on Wednesday an order for around 150 A220s from AirAsia, Reuters reported on Tuesday.
This deal will support the manufacturer's smallest jetliner, which has recently been losing orders to Brazilian company Embraer.
Quebec holds a minority stake in the A220 program. The aircraft is produced at the facility in Mirabel, north of Montreal, as well as on a separate assembly line in Mobile, Alabama. A220s for customers outside the US are made in Mirabel.
Ripple Makes Life Harder for Hackers: Crypto Firms Battle North Korean HackersRipple has started providing exclusive intel on threats from North Korean cybercriminals to the Crypto ISAC organization—a non-profit platform that unites the crypto industry for sharing security insights and collaboratively countering cyber attacks on digital assets.

Ripple Makes Life Harder for Hackers: Crypto Firms Battle North Korean Hackers

Ripple has started providing exclusive intel on threats from North Korean cybercriminals to the Crypto ISAC organization—a non-profit platform that unites the crypto industry for sharing security insights and collaboratively countering cyber attacks on digital assets.
DHL Group without Deutsche Post. What's next for the German postal service?Shareholders have given the green light to drop the name Deutsche Post DHL Group down to just DHL Group. This isn’t just a name change; the whole structure is getting a makeover. The German postal service is taking a backseat. DHL is pivoting to focus on international biz. The name Deutsche Post is being phased out from the group that includes Germany's national postal operator and the international logistics giant DHL. On May 5 in Bonn, the group’s shareholders approved the cut from Deutsche Post DHL Group to the snappier DHL Group. Additionally, the postal segment will be spun off into a separate company. Changes are set to kick in on September 1.

DHL Group without Deutsche Post. What's next for the German postal service?

Shareholders have given the green light to drop the name Deutsche Post DHL Group down to just DHL Group. This isn’t just a name change; the whole structure is getting a makeover. The German postal service is taking a backseat. DHL is pivoting to focus on international biz.

The name Deutsche Post is being phased out from the group that includes Germany's national postal operator and the international logistics giant DHL. On May 5 in Bonn, the group’s shareholders approved the cut from Deutsche Post DHL Group to the snappier DHL Group. Additionally, the postal segment will be spun off into a separate company. Changes are set to kick in on September 1.
Prototype of 'The Big Short' character Michael Burry sold all his GameStop sharesInvestor Michael Burry, the prototype for one of the main characters in the movie 'The Big Short', sold all his GameStop (GME) shares after the company made an offer to acquire eBay. This was reported by Bloomberg. Michael Burry has been betting on the rise of GameStop's stock since around 2019. However, on Monday, May 4th, the investor informed his Substack newsletter subscribers that he had sold all his shares, citing concerns about the debt that might arise for GameStop following the eBay marketplace acquisition. "I sold all my GME shares," Burry reported. He also stated that the thesis suggesting GameStop would quickly become like Warren Buffett's Berkshire Hathaway, which has been scooping up companies across various sectors, never seemed viable to him.

Prototype of 'The Big Short' character Michael Burry sold all his GameStop shares

Investor Michael Burry, the prototype for one of the main characters in the movie 'The Big Short', sold all his GameStop (GME) shares after the company made an offer to acquire eBay. This was reported by Bloomberg.

Michael Burry has been betting on the rise of GameStop's stock since around 2019. However, on Monday, May 4th, the investor informed his Substack newsletter subscribers that he had sold all his shares, citing concerns about the debt that might arise for GameStop following the eBay marketplace acquisition. "I sold all my GME shares," Burry reported. He also stated that the thesis suggesting GameStop would quickly become like Warren Buffett's Berkshire Hathaway, which has been scooping up companies across various sectors, never seemed viable to him.
The decline in Russian industry continues for the 11th month in a rowAccording to financial firm S&P Global, the decline in Russian industry continued for the eleventh month in April. The Purchasing Managers' Index (PMI) for the manufacturing sector in Russia dropped to 48.1 last month, the company reported on Monday, May 4, citing the results of a conducted survey.

The decline in Russian industry continues for the 11th month in a row

According to financial firm S&P Global, the decline in Russian industry continued for the eleventh month in April. The Purchasing Managers' Index (PMI) for the manufacturing sector in Russia dropped to 48.1 last month, the company reported on Monday, May 4, citing the results of a conducted survey.
$BTC {future}(BTCUSDT) Bitcoin briefly dipped below $112,000 as traders adjusted positions, while Ethereum ETFs saw strong inflows of $729 million despite the market turbulence. The market's sensitivity to macroeconomic indicators highlights the growing correlation between crypto and traditional markets. 💬 Do you think investors should change how they manage risks because crypto is acting more like traditional markets or do you see this more as a chance to make profits from new market opportunities? 👉 Complete daily tasks on Task Center to earn Binance Points: •  Create a post using #MarketTurbulence $BNB {future}(BNBUSDT) $USDC {future}(USDCUSDT)
$BTC
Bitcoin briefly dipped below $112,000 as traders adjusted positions, while Ethereum ETFs saw strong inflows of $729 million despite the market turbulence. The market's sensitivity to macroeconomic indicators highlights the growing correlation between crypto and traditional markets.
💬 Do you think investors should change how they manage risks because crypto is acting more like traditional markets or do you see this more as a chance to make profits from new market opportunities?
👉 Complete daily tasks on Task Center to earn Binance Points:
•  Create a post using #MarketTurbulence
$BNB
$USDC
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