Day: April 2, 2025

Trump imposes 10% tariff on all countries, reciprocal levies on trading partners

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United States President Donald Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries. The reciprocal levies on will be approximately half of what trading partners charge for US imports, Trump said. For example, China currently has a tariff of 67% on US imports, so US reciprocal tariffs on Chinese goods will be 34%. Trump also announced a standard 25% tariff on all automobile imports. Trump told the media that tariffs would return the country to economic prosperity…

Trump’s Tariffs Target Global ‘Cheating’ as BTC Dips and Stocks Slide After Hours

President Donald Trump announced sweeping reciprocal tariffs on global imports and declared April 2, 2025, “Liberation Day” for American industry, as U.S. stock markets climbed and bitcoin briefly surged during his address. Trump Targets China, EU With New Tariffs President Donald Trump marked April 2, 2025, as “Liberation Day” for American industry, signing an executive […] Source CryptoX Portal

US lawmakers press SEC for info about Trump family-backed crypto firm

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Two Democratic lawmakers in the US Senate and House of Representatives have called on acting Securities and Exchange Commission (SEC) Chair Mark Uyeda to preserve information regarding World Liberty Financial, the crypto firm backed by President Donald Trump’s family. In an April 2 letter, Senator Elizabeth Warren and Representative Maxine Waters — ranking members of the Senate Banking Committee and House Financial Services Committee, respectively — asked Uyeda to provide information to Congress based on Trump’s ties to World Liberty Financial (WLFI). The two lawmakers suggested the SEC may be…

Curve Finance clocks $35B trading volume in Q1 2025

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Curve Finance, a decentralized lending protocol and exchange, notched record-breaking trading volumes of nearly $35 billion in the first quarter of 2025, a spokesperson for the protocol told Cointelegraph.  Trading volumes increased more than 13% from the first quarter of 2024, largely due to a surge in transactions, from around 1.8 million to some 5.5 million in Q1 2025, Curve said.  The strong Q1 volumes come amid overall declines in the cryptocurrency market, with the total market capitalization of cryptocurrencies dropping by more than 20% in the year-to-date as of…

Chainlink Consolidates In Triangle Pattern – Is A 35% Breakout Imminent?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Chainlink is currently trading at a crucial demand zone after enduring heavy selling pressure throughout Q1 of this year. Like many altcoins, LINK has struggled to recover in the…

Ripple’s RLUSD Stablecoin Nears $250M Market Cap Amid Payments Expansion

Ripple has integrated its USD-backed stablecoin, RLUSD, into its Ripple Payments platform to streamline cross-border transactions for enterprise clients, with the asset nearing $250 million in market capitalization since its December 2024 launch. Ripple Adds Enterprise Stablecoin RLUSD to Cross-Border Payment System Ripple Payments, a platform that claims to process billions in transaction volume, now […] Source CryptoX Portal

Grayscale Expands Bitcoin ETF Offerings With Two Covered Call Funds

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Grayscale has introduced two new bitcoin-focused exchange-traded funds (ETFs), the Bitcoin Covered Call ETF (BTCC) and the Bitcoin Premium Income ETF (BPI). These actively managed funds use covered call strategies to generate income while offering exposure to bitcoin’s price movements. New Grayscale ETFs Leverage Bitcoin Volatility for Income Generation Grayscale has launched two new exchange-traded […] Original

Bitcoin rally to $88.5K obliterates bears as spot volumes soar — Will a tariff war stop the party?

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Bitcoin price caught an unexpected bid by rallying to a session high at $88,500, but will the price gains be capped at a multimonth overhead resistance that is aligned with the 50-day moving average?  Key points: Bitcoin extended its April. 1 gains as news that the Trump administration had not finalized its “Liberation Day” tariffs emerged.  Israel, Mexico and India have already rolled back their tariffs on US imports or suggested that they will not do “tit for tat” tariffs in response to the expected April 2 US tariffs.  Bitcoin…

Coinbase Says FDIC Not Cooperating With Exchange’s Freedom of Information Request in New Court Filing

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Coinbase’s legal representatives say the U.S. Federal Deposit Insurance Corporation (FDIC) hasn’t been cooperating with Freedom of Information Act (FOIA) requests. Coinbase has been attempting to leverage FOIA to uncover instances of the FDIC asking banks to freeze crypto services, known as “pause letters,” but the top US crypto exchange says the regulator hasn’t been complying with its information requests. Paul Grewal, Coinbase’s chief legal officer, claims the pause letters were part of “Operation Choke Point 2.0,” an alleged attempt by Biden Administration government regulators to stifle the crypto industry.…

Why A Massive Drop To $1,400 Could Rock The Underperformer

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst Klejdi has indicated that Ethereum’s pain is far from over, with the second-largest crypto by market cap set to suffer a further downtrend. Specifically, he warned that…