Tariffs-led risk-off has payments-focused cryptocurrency XRP trading close to the support zone near $2, a crucial level for confirming a significant topping pattern and renewed downtrend. We are referring to the head-and-shoulders pattern, comprising three peaks, with the middle being the highest. A horizontal line drawn from the base of the three peaks, the neckline, … Read more
Higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $450 million in liquidations in the past 24 hours as U.S. tariffs went into play. President Donald Trump officially levied a 25% tariff on auto imports and a minimum 10% tariff on all exporters to the U.S. Additional duties were imposed on … Read more
Over $100 million in Ripple USD (RLUSD) has been issued since April 1, among the highest levels in recent months, as demand for the relatively new stablecoin heats up. A $50 million tranche of RLUSD was issued earlier this week on Tuesday, with another $50 million late Wednesday. That came as Ripple added the stablecoin … Read more
It’s a risk-off day in Asia as traders look to Beijing’s response to U.S. President Donald Trump’s sweeping reciprocal tariffs on China and other Asian nations. On Wednesday, Trump announced reciprocal tariffs on imports from 180 nations, including higher taxes on trading partners identified as worst offenders, such as China and the European Union. Trump … Read more
U.S. stablecoin legislation took another major step on Wednesday as a House of Representatives committee joined Senate counterparts in advancing a bill to be considered by the overall House, bringing stablecoin regulations closer to reality. Eventual approvals in both the overall House and Senate would let lawmakers start melding the two versions into a unified … Read more
Crypto exchange Kraken has registered as a restricted dealer in Canada, allowing the exchange to continue offering crypto trading services to Canadian users under the country’s evolving regulatory framework. The registration, announced on Tuesday, comes after a multi-year process that required exchanges to meet higher standards for investor protection and governance. Kraken said it worked … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller. In this issue: Vana launches token standard Hashgraph to debut private blockchain ASICs will look more like servers An interview with Gensyn’s Ben Fielding This article is featured in the latest issue of The Protocol, our … Read more
In a Rose Garden ceremony on Wednesday, U.S. President Donald Trump said he intends to immediately sign an order for “reciprocal tariffs” to be levied against U.S. trading partners. “Our country and its taxpayers have been ripped off for more than 50 years but it’s not going to happen anymore,” said Trump, adding that the … Read more
The HBAR Foundation has teamed up with the founder of internet subscription site OnlyFans, Tim Stokely, in a bid to acquire Chinese social media app TikTok, according to a new Reuters report. Stokely and the HBAR Foundation submitted a bid last week to the White House through the former’s new family-friendly crowdfunding company, Zoop, Reuters … Read more
The Depository Trust and Clearing Corporation (DTCC), the world’s largest securities settlement system, is pushing deeper into crypto with introducing a blockchain-based platform for tokenized collateral management. Collateral is a fundamental part of risk management in financial markets, ensuring stability amid market fluctuations. However, traditional systems often suffer from inefficiencies due to fragmented infrastructure and … Read more
