Asian stock markets look poised for a guarded open Tuesday as traders weigh mounting signs of an economic slowdown amid elevated inflation, tightening monetary settings and China’s Covid lockdowns.

A selloff in cryptocurrencies resumed Monday, with Bitcoin dropping back below $30,000 with global equity markets remaining under pressure.

Battery maker Dragonfly Energy Corp. has agreed to go public in a transaction with a blank-check company valuing it at $500 million, including debt.

Stocks fell back toward session lows in the last hour of trading Monday as investors assessed the latest signs of economic malaise in the US and China.

Hacks, scams, ponzis, rug pulls and crashes are common in crypto; they happen almost every day. The recent collapse of the Terra ecosystem and its UST stablecoin is different.

Deus Finance’s DEI token has lost its 1-to-1 peg to the dollar, becoming the latest failure of an algorithmic stablecoin during a period of crypto market stress.

Donald Trump’s social media company, Trump Media & Technology Group Corp., which runs the “Truth Social” app, plans to go public by merging with a special purpose acquisition company called Digital World Acquisition Corp., raising something like $1.3 billion. Today TMTG and DWAG filed the registration statement for their merger, a key step in actually making it happen.