The Trump administration’s trade war with the world has been a haphazard, often chaotic affair, but if you had to identify a single, guiding principle for the administration’s actions, it would be balancing America’s trade deficits. President Donald Trump has been talking about the trade deficit for years (even though he sometimes seems to confuse it with the federal budget deficit, which is a very different thing). During his second term, the president’s top trade officials have also stressed the trade deficit as a key metric by which to measure the effectiveness of Trump’s tariffs. For example, when pressed by Rep.…

Keyrock, a digital-asset services firm, acquired the trading and brokerage assets of BlockFills’ institutional digital asset business, bolstering its push into institutional crypto markets, the company said in a press release Thursday.The completed transaction adds BlockFills’ client relationships, trading technology and derivatives expertise to Brussels-based Keyrock’s existing businesses spanning market making, over-the-counter (OTC) trading, options, credit, onchain services and asset management.CoinDesk reported in June that Keyrock was in the process of acquiring Chicago-based crypto trading and lending firm Blockfills. According to a bankruptcy filing, Keyrock agreed to pay $3.25 million for substantially all of BlockFills’ assets, while assuming certain liabilities,…

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