Risk assets tumble following reports that the EU is preparing retaliatory tariffs and the New York Stock Exchange goes 24-7.

You're watching Coin Desk Daily. I'm your host, Jen Sanasi.

Bitcoin and the broader crypto markets started the week in the red as geopolitical tensions flared between the U.S. and Europe.

Risk assets are tumbling following reports that the EU is preparing $110 billion in retaliatory tariffs over President Trump's push to acquire Greenland.

The uncertainty triggered a massive sell-off, resulting in $815 million in crypto liquidations.

As of this morning, Bitcoin is trading just above $90,000, reversing the earlier gains that push the asset closer

to the $100,000 mark. The New York Stock Exchange is bringing Wall Street on chain. The exchange

announced plans to launch a fully blockchain-based trading venue later this year that operates 24

hours a day,

seven days a week. The platform will support tokenized stocks and ETFs offering instant

settlement and stable coin funding. Parenthood company ICE says the move is part of a broader

strategy to modernize market infrastructure, including work with banks like BNY and city on

tokenized deposits and 24-7 clearing.

The announcement heats up the race with NASDAQ, which recently revealed its own plans for

around the clock trading. And Portugal gave Polly Market just two days to quit the country.

The nation's gambling regulator ordered the prediction market to cease operations within 48 hours after over

103 million euro were wagered in Sunday's presidential election. Under Portuguese law,

betting on political events is strictly illegal. The regulator stated the platform has no

license to operate, adding Portugal to a growing list of over 30 countries, including France

and Belgium, that have restricted or banned the platform.

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