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(Bloomberg) -- Italian inflation accelerated more than anticipated to exceed the European Central Bank’s 2% target for the first time in 18 months.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordConsumer prices rose 2.1% from a year

Goldman Sachs sounds the alarm bell on the economy ahead of President Trump's "Liberation Day."

As World Liberty Financial raised more than half a billion dollars, President Donald Trump’s family took control of the crypto venture and grabbed the lion’s share of those funds, aided by governance terms that industry experts say favor insiders. Launched last fall, World Liberty’s goal is to allow people to access financial services using cryptocurrencies and without intermediaries like banks in what is called decentralized finance, or DeFi. Even so, World Liberty said in mid-March it had raised $550 million selling so-called governance tokens.

Ether has underperformed bitcoin since last year's reward halving. The first time that's happened.

The official site even sported a dogecoin logo for a few hours on the day after Trump’s inauguration, giving more credence to rumors of inclusion.

Cryptocurrencies are currently categorized as a "means of settlement" under the Payment Services Act, a designation that has governed their use primarily as a payment tool rather than as investment vehicles.

BOGOTA (Reuters) -Colombia's central bank held the benchmark interest rate at 9.5% on Monday, surprising the market, which expected policymakers to resume cuts to borrowing costs despite inflation pressures and a difficult fiscal situation. Three board members voted for a 50-basis-point cut. "The risks of inflation pressures persist, associated with fiscal challenges and external uncertainty," the board said.

SINGAPORE/BEIJING (Reuters) -U.S. President Donald Trump's threat to hit buyers of Russian oil with tariffs had a limited impact on oil markets on Monday, as traders tried to determine how far the White House could go after Chinese and Indian oil importers. Trump's proposal to hit buyers with a 25% to 50% tariff would be significant for oil markets if it turned into an order, but analysts and traders questioned whether the threat was just Trump showing one of many cards in his talks with Russia.

Stock markets opened lower for the fourth consecutive day due to global anticipation of President Donald Trump's upcoming announcement of new tariffs, set to be revealed on April 2.

The traditional four-year crypto market cycle, once closely tied to Bitcoin halving events, is no longer as predictable as it once was.