It appears Trump has not yet mastered the concept of āpick your battles,ā as he threatens to slap a hefty 50% tariff on China unless they roll back their countermovesābecause obviously, a tariff showdown in 2025 is just what we all needed, right? š¤
Wall Street, never one for subtlety, has taken quite a hit. Imagine a roller coaster that loses its brakes and then decides to plummet; top economists are warning of an economic tailspin that might even bring on a recession. The market seems to be enjoying this tariff tango a bit too much, and we’re all along for the wild ride. š¬
According to the ever-watchful seers at Lookonchain, our aquatic friend has just deposited over 3 million DAI into the decentralized finance (DeFi) platform Maker (MKR). Why, you ask? To stave off the dreaded liquidation monster, of course! Because nothing says āIām in controlā quite like frantically throwing money at a problem.
Bitcoin Apocalypse?! šš± $49K Crash Coming?!
But wait! Just when you thought it was all doom and gloom, enter stage left: 76 new entities with over 1,000 BTC have joined the party in the last two months, according to our pals at Glassnode. Thatās a 4.6% bump in large holders, also known as āwhales,ā who are basically swimming around in their fancy underwater mansions. History suggests that these massive fish tend to accumulate during downturns, kind of like how I accumulate snacks during a binge-watch session of my favorite TV show.
Well, well, well! The U.S. Securities and Exchange Commission (SEC)āthose charming guardians of financial sanityādecided to grace us with their latest muse, the āStatement on Stablecoins.ā Turns out, if you have one of those reserved-backed ālow-riskā digital assets that plays nice and pretends to stay at the same level as the mighty U.S. dollar (USD), youāve hit the jackpot! The Commission proclaims these ācovered stablecoinsā are not in the securities club. š
In the midst of the crypto apocalypse, where coins tumble like clumsy acrobats, OM, MANTRA’s trusty native token, has shown remarkable tenacity. Picture this: of the top 30 altcoins, OM stands tall as the one shining beacon of positivity, posting gains while others drown in despair. š„³
In an act as dazzlingly unexpected as a fireworks display at a somnolent carnival, Hong Kongās illustrious financial arbiter, the Securities and Futures Commission (SFC), has decreed a series of mystifying new rules for the enigmatic art of cryptocurrency staking. One might almost imagine the SFC, wreathed in an air of playful gravitas, tinkering with the strings of Web3 destiny while gallantly shielding investors from the capricious winds of fate. š
With the flair of bureaucratic pageantry, Pakistanās finance ministry confirmed this stunt on a brisk April 7, as Bloomberg, that ever-watchful chronicler, murmured details of this audacious appointment.
While Ethereumās price has been dragged through the mud, thereās a glimmer of hopeāor perhaps just a mirageāon the horizon. Darkfost, a name that sounds more like a villain from a dystopian novel than a crypto analyst, has reported a curious phenomenon on Binance. It seems the bears, those relentless sellers, are finally losing their grip. The sell-side pressure is waning, and the taker buy-sell ratio is flirting with positivity. Could this be the calm after the storm? Or just the eye of the hurricane? šŖļø