Bitcoin

The review of Shein's acquisition of Everlane is part of a larger pattern of US authorities scrutinizing Chinese-owned or Chinese-linked companies over data and security concerns. While crypto is not directly implicated, any escalation of geopolitical tensions can drive safe-haven flows into Bitcoin as a hedge against fiat and traditional market uncertainty.

US authorities are conducting a national security review of Shein's acquisition of Everlane after Shein sought approval.