Day: April 9, 2025

Yuan drops to 2007 lows after tariffs, could Bitcoin be the new safe haven?

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U.S. tariffs on China may backfire as the country reduces dollar purchases, while currency instability on both fronts fuels interest in Bitcoin. China is scrambling to defend its currency amid the impact of historic U.S. tariffs, fueling renewed demand for Bitcoin (B). On Wednesday, April 9, the People’s Bank of China instructed major Chinese banks to reduce their U.S. dollar purchases to support the weakening yuan. The Chinese domestic market is still reeling from the effects of the 104% U.S. tariffs on all Chinese goods, which went into effect at…

Dogecoin Under Strong Accumulation: Will DOGE Price Bounce Back Quickly?

Key Notes Crypto analyst Ali Martinez highlights a critical support level for DOGE at $0.13, where a rising trendline since October 2023. This level is pivotal amidst ongoing whale sell-offs, with 1.32 billion DOGE offloaded in the last 48 hours. The broader crypto market, including Dogecoin, is under severe selling pressure due to escalating Trump trade war and growing recession fears. Amid the broader crypto market crash led by the escalating Trump trade war, Dogecoin (DOGE) has come under severe selling pressure over the past week, tanking 15%, and dropping…

Bitcoin’s safe-haven appeal grows during trade war uncertainty

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The global trade war may be a silver lining for Bitcoin’s growing recognition as a safe-haven asset next to gold, thanks to its liquidity and accessibility advantages compared to precious metals. Financial markets have been rattled since US President Donald Trump’s April 2 reciprocal import tariffs announcement, leading to record-breaking sell-offs for traditional stock markets and a Bitcoin (BTC) correction below $75,000. While gold remains the dominant refuge for investors during geopolitical stress, analysts say Bitcoin’s digital nature and 24/7 liquidity are helping it attract renewed interest. “You want to…

New York bill proposes blockchain study for election record security

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Blockchain may soon earn itself a role in New York State’s voting processes and procedures. New York Assemblymember Clyde Vanel introduced Bill A07716 on April 8, directing the state Board of Elections to evaluate how blockchain could help protect voter records and election results. The legislation is currently under consideration by the Assembly Election Law Committee. According to the bill’s summary, the goal is to “study and evaluate the use of blockchain technology to protect voter records and election results.“ The bill mandates that the Board of Elections produce a…

Real estate not the best asset for RWA tokenization — Michael Sonnenshein

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As more institutions explore blockchain-based finance, some industry leaders say tokenized real-world assets (RWAs) may surpass $30 trillion by the 2030s. Others are casting doubt on that projection. In June 2024, Standard Chartered Bank and Synpulse predicted that RWAs may reach over $30 trillion by 2034. The narrative remained strong in the latter part of 2024, with some analysts expressing similar sentiments. At Paris Blockchain Week 2025, a panel moderated by Cointelegraph’s managing editor, Gareth Jenkinson, brought together executives from across the tokenization ecosystem to discuss the future of RWAs.…

XRP To Flip Ethereum By End Of 2028: Standard Chartered

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. Standard Chartered Research has unveiled a bold forecast that places XRP above Ethereum in market cap within the next five years, underscoring what it describes as a multi-year price rally for the…

Bitcoin ETFs Hit Hard With $326 Million Outflow, Marking Fourth Straight Day of Redemptions

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Bitcoin ETFs suffered a steep $326 million outflow on Tuesday, April 8, led by a massive withdrawal from Blackrock’s IBIT. Ether ETFs didn’t fare much better, posting a $3.29 million exit from Fidelity’s FETH. Blackrock’s IBIT Leads $326 Million Bitcoin ETF Exit, Ether ETFs Also Slip Bitcoin exchange-traded funds (ETFs) are deep in outflow territory, […] Original

Uncertainty Rocks Market As ETH/BTC Drops To 6-Year Low, Where Is Bitcoin Headed Next?

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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. The Bitcoin price continues to lead the market and with each crash, it has taken down the altcoin market with it. Amid this, Ethereum has performed especially poorly, returning…

US gov’t actions give clue about upcoming crypto regulation

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The early days of the Trump administration saw a flurry of activity that could give the crypto industry an idea of forthcoming crypto regulations, namely that they may not be regulated as securities.  Practitioners have decried a lack of concrete change in the form of new rules and guidance. The skeptics have their reasons. The formation of the crypto task force, Trump’s crypto executive order, crypto czar David Sacks’ lone press conference, and the digital asset reserve has been criticized as mere theater. The real work of regulating comes not…

Shiba Inu Burn Rate Skyrockets 690%: Is SHIB Eyeing a Recovery?

Key Notes Shiba Inu’s burn rate jumped 690% in 24 hours, yet the price dropped 3.3% in the same duration. Whales are accumulating SHIB aggressively, with a 784% spike in large holder net flows. Analysts predict a 550% rally for SHIB, fueled by bullish technical indicators and upcoming upgrades. Over the past 24 hours, the Shiba Inu (SHIB) burn rate increased by 690%, with more than 32.3 million tokens removed from circulation. Yet, the token’s price slipped by 3.3%, reflecting the broader market’s ongoing consolidation. In total, over 410 trillion…