In a dramatic turn of events that has sent ripples through global markets, China has announced a significant escalation in its trade dispute with the United States. For cryptocurrency enthusiasts and investors keenly observing global economic shifts, this development carries substantial implications for market volatility and the broader financial landscape. Let’s delve into the details of this developing situation and understand what it means for you. Decoding China Tariffs: What’s Happening? On March 4th, Beijing declared its response to recently imposed U.S. tariffs by implementing its own levies ranging from 10 to 15 percent on a range of American agricultural and food products. This move isn’t just about tariffs; China has also placed export and investment restrictions on 25 U.S. companies, signaling a multifaceted approach to counter what it perceives as protectionist measures from Washington. This reciprocal action immediately raises concerns about a deepening trade war impact and its cascading effects on the global economy. Why are China Tariffs Increasing? The increase in China tariffs is a direct reaction to new tariffs imposed by the United States. This tit-for-tat escalation is characteristic of a trade war, where each nation responds to the other’s trade barriers with countermeasures. The core reasons behind this escalating trade tension can be summarized as: Reciprocal Retaliation: China frames these tariffs as a necessary response to protect its own economic interests in the face of U.S. trade policies. Economic Leverage: Tariffs are used as a tool to exert economic pressure and negotiate trade agreements more favorably. Protecting Domestic Industries: Both nations aim to protect their domestic industries from foreign competition through these measures, although the long-term effects can be complex and often detrimental to consumers and businesses. Impact on the Global Economy The imposition of China tariffs and subsequent restrictions on U.S. firms has far-reaching implications for the global economy. Here’s a breakdown of the potential impacts: Area of Impact Potential Consequence Agricultural and Food Sectors U.S. farmers and food producers face reduced access to the Chinese market, potentially leading to surpluses, decreased prices domestically, and financial strain. Chinese consumers may face higher prices or reduced availability of certain U.S. products. U.S. Companies The 25 U.S. firms facing export and investment restrictions could experience significant business disruptions, revenue losses, and challenges in maintaining their global operations. Supply Chains Global supply chains, already strained by various factors, could face further disruptions as businesses scramble to adjust to the new trade barriers. This can lead to increased costs and delays in production and delivery of goods. Market Volatility Financial markets are likely to react to these developments with increased volatility. Uncertainty surrounding trade policies often leads to investor anxiety, impacting stock markets, currency values, and potentially the cryptocurrency market as well. Geopolitical Relations Escalating trade disputes can strain broader geopolitical relations between the U.S. and China, impacting international cooperation on various fronts. Trade War Impact: A Deeper Dive The term “trade war” is often used to describe a situation of escalating trade tensions between countries. This scenario typically involves: Increased Tariffs: Countries impose tariffs on each other’s goods, making imports more expensive. Retaliatory Measures: Affected countries respond with their own tariffs and trade restrictions, leading to a cycle of escalation. Economic Uncertainty: Trade wars create uncertainty for businesses, investors, and consumers, impacting economic growth and stability. Disrupted Trade Flows: The flow of goods and services between countries is disrupted, altering established trade patterns. The current situation with China tariffs and U.S. responses certainly fits the description of an escalating trade dispute, with potential to morph into a full-blown trade war if not managed carefully. Market Volatility and Cryptocurrencies For those in the cryptocurrency space, understanding market volatility is paramount. Traditional financial markets often react strongly to geopolitical and economic uncertainties, and these reactions can spill over into the crypto market. Here’s how: Risk-Off Sentiment: Increased trade tensions can trigger a “risk-off” sentiment in global markets. Investors may move away from perceived riskier assets like stocks and cryptocurrencies towards safer havens like government bonds or gold. Currency Fluctuations: Trade disputes can lead to fluctuations in currency exchange rates. Changes in the value of the U.S. dollar or the Chinese Yuan can impact the cryptocurrency market, which is often priced in USD. Economic Slowdown Concerns: A trade war impact can lead to concerns about a global economic slowdown. In such scenarios, investors might become more cautious across all asset classes, including cryptocurrencies. Safe Haven Narrative: Conversely, some argue that in times of economic uncertainty, cryptocurrencies like Bitcoin could be seen as a safe haven asset, uncorrelated to traditional markets. However, empirical evidence for this is still developing, and market reactions can be unpredictable. Navigating the Uncertainties: Actionable Insights Given the evolving situation with China tariffs and the potential for increased market volatility, what steps can you take? Stay Informed: Keep abreast of the latest developments in the trade dispute and their potential economic consequences. Reliable news sources and financial analysis are crucial. Diversify Your Portfolio: Diversification is key in volatile times. Avoid putting all your eggs in one basket, whether it’s in crypto or traditional assets. Manage Risk: Understand your risk tolerance and adjust your investment strategies accordingly. Consider using risk management tools like stop-loss orders if you are actively trading. Long-Term Perspective: Remember that market volatility is often a short-term phenomenon. Maintain a long-term perspective on your investments and avoid making impulsive decisions based on short-term market swings. Due Diligence: Always conduct thorough research before making any investment decisions, especially in uncertain market conditions. Conclusion: Urgent Need for Global Trade Resolution The escalating trade tensions marked by increased China tariffs and restrictions on U.S. companies represent a significant challenge to the global economy. The potential for prolonged trade disputes and a full-blown trade war is a serious concern, with implications ranging from disrupted supply chains to increased market volatility. For cryptocurrency investors, understanding these macroeconomic factors is essential for navigating market uncertainties and making informed decisions. The situation underscores the interconnectedness of the global economy and the urgent need for diplomatic solutions to trade disputes to ensure stability and growth. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Tom Lee, CIO of Fundstrat, recently spoke with CNBC , suggesting that the broader market may be nearing a bottom, potentially as soon as this week. Lee's outlook comes amid economic uncertainty as President Trump navigates his first 100 days in office. Several factors are contributing to market volatility, including the Department of Government Expenditure (DOGE) program, which imposes austerity measures that reduce public spending, and the tariff policies creating further uncertainty for businesses and investors. Bitcoin (BTC) has experienced yet another reversal in price, filling in Friday's CME gap and currently sitting at $83,000 —down over 10% this year. Meanwhile, the Nasdaq 100 has also dropped nearly 10%, with another similar decline would trigger a bear market. Lee points to Friday’s upcoming job data as a key event that could dictate short-term market direction. If the data is worse than expected, he anticipates an initial wave of panic, but Lee believes it could also prompt the Federal Reserve to accelerate interest rate cuts. Currently, the futures market is pricing in 75 basis points of cuts for this year, which would bring the benchmark federal funds rate to a range of 3.50%-3.75% by year-end. So far, the Fed has already implemented 100 basis points worth of cuts in this cycle. Lee also addressed bitcoin’s struggles, noting that its recent downturn is not driven by negative news but rather by cyclical market forces. He sees a potential short-term price target of $62,000 but still see's bitcoin finishing over $150,000 by end of the year. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk’s full AI Policy .
In a surprising move that has the crypto world buzzing, Australia has firmly stated it will not be creating a strategic crypto reserve. While some nations are eagerly stockpiling digital assets, the land Down Under is taking a different, perhaps more pragmatic path. Let’s dive into why Australia is prioritizing regulation over reserves and what this means for the future of crypto in the region. Are they missing out on a golden opportunity, or are they playing the long game for sustainable crypto growth? Australia Crypto Regulation: Prioritizing Stability Over Speculation Forget the image of Australia hoarding Bitcoin in a digital vault! The Australian government, under Prime Minister Albanese, is laser-focused on establishing a robust framework for Australia crypto regulation . A spokesperson for Assistant Treasurer and Financial Services Minister Stephen Jones clarified that, unlike some U.S. states exploring crypto reserves, Australia’s current strategy centers on carefully regulating digital asset platforms. This isn’t a rejection of crypto; it’s a strategic decision to build a secure and reliable environment for digital assets to thrive. Why this focus on regulation? Here are a few key reasons: Protecting Consumers: Regulation is paramount to safeguarding Australians from the inherent risks associated with the volatile crypto market. Clear rules and oversight can minimize fraud, scams, and market manipulation. Financial Stability: Unregulated crypto markets can pose risks to the broader financial system. Prudent digital asset regulation ensures crypto operates within established financial boundaries, preventing systemic risks. Fostering Innovation Responsibly: Australia aims to be a hub for blockchain and digital asset innovation, but not at the expense of financial stability. Regulation provides a clear pathway for innovation to flourish within a safe and compliant environment. Think of it like building a house. Some might rush to fill their house with valuable furniture (crypto reserves) before the foundation is even properly laid (regulation). Australia, on the other hand, is meticulously building a strong regulatory foundation first to ensure everything built upon it, including crypto innovation, is secure and sustainable. The Allure of Crypto Reserves: Why Some Nations Are Stockpiling The idea of a crypto reserve , particularly a Bitcoin reserve, has gained traction in certain circles. Nations and even some corporations are exploring this concept. Why? Let’s look at the potential benefits: Diversification: Crypto, especially Bitcoin, is seen by some as a hedge against inflation and a diversifier away from traditional assets like fiat currencies and bonds. Holding a crypto reserve could diversify a nation’s balance sheet. Future-Proofing: Believers in the long-term potential of cryptocurrencies see reserves as a way to future-proof their nation’s finances, positioning them to benefit from the anticipated growth of the digital asset space. Technological Leadership: Nations holding crypto reserves might be perceived as being at the forefront of technological adoption, attracting crypto businesses and talent. However, the path to crypto reserves is not without its challenges. Volatility, security concerns, regulatory uncertainty in many jurisdictions, and the environmental impact of some cryptocurrencies are significant hurdles. Blockchain Australia: Recognizing Potential, Navigating Risks Despite opting out of a strategic reserve, the Australian government isn’t dismissing the transformative potential of blockchain and digital assets. They explicitly acknowledge the capacity of these technologies to: Drive Economic Growth: Blockchain can streamline processes, reduce costs, and create new business models across various sectors. Enhance the Financial Sector: Digital assets and blockchain can modernize payment systems, improve efficiency, and foster financial inclusion. Foster Innovation: Embracing blockchain and digital assets positions Australia as a forward-thinking nation, attracting investment and talent in cutting-edge technologies. The key is to unlock these benefits responsibly through well-crafted digital asset regulation . This approach aims to nurture innovation while mitigating the inherent risks associated with this nascent technology. Crypto Adoption: A Measured Approach in Australia So, what does Australia’s regulatory focus mean for crypto adoption in the country? It suggests a measured and sustainable approach rather than a rapid, speculative surge. Here’s what we can expect: Gradual Integration: As regulations become clearer and more comprehensive, we’ll likely see a gradual integration of crypto into the mainstream financial system and various industries in Australia. Focus on Utility: Regulation can steer crypto adoption towards practical use cases – supply chain management, secure data storage, efficient payments – rather than purely speculative investments. Increased Trust: Robust regulation can build trust and confidence in the crypto space, attracting both institutional and retail investors who prioritize security and compliance. Instead of aiming for a quick win with a volatile crypto reserve, Australia is investing in long-term, sustainable growth of the digital asset ecosystem through thoughtful regulation. This strategy may not grab immediate headlines, but it could prove to be the more prudent and ultimately more rewarding path. What’s Next for Australia’s Crypto Journey? Australia’s decision to prioritize regulation over a strategic crypto reserve signals a mature and considered approach to digital assets. It’s a recognition that the long-term success of crypto hinges not on speculative hoarding, but on building a stable, secure, and innovative ecosystem. While the allure of quick gains from crypto reserves might be tempting, Australia is betting on the power of smart regulation to unlock the true potential of blockchain and digital assets for its economy and its citizens. This bold stance could position Australia as a leader in responsible crypto innovation in the years to come. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
The post Veteran Crypto Analyst Revealed Top Altcoin To Buy Before Crypto Summit appeared first on Coinpedia Fintech News With Bitcoin experienced a 9% drop following Donald Trump’s recent push for a national crypto reserve, which initially focused on XRP, Solana (SOL), and Cardano (ADA) has sparked debates about the future of crypto assets in the U.S. However, with the White House Crypto Summit set for March 7th, veteran crypto analysts Capo Of Crypto have seen a potential opportunity for specific altcoins. 0% Capital Gains Tax on U.S.-Issued Crypto The summit, hosted by Donald Trump and tech entrepreneur David Sacks, will bring together crypto CEOs, key founders, and regulators to discuss the next steps for the U.S. in digital assets. One of the most talked-about possibilities is the 0% capital gains tax on U.S.-issued cryptocurrencies. Back in January, Eric Trump reportedly confirmed that U.S.-based cryptocurrencies like XRP would be exempt from capital gains tax, while foreign crypto projects could face a 30% tax. If such a policy is implemented, it could boost the prices of key U.S.-linked cryptos like Ripple (XRP), Cardano (ADA), and Solana (SOL). Top Altcoin To Buy Before Crypto Summit Additionally, Capo Of Crypto has recently added some altcoins to his portfolio in preparation for a potential market shift, believing they could benefit from the summit’s outcomes. NEAR Protocol (NEAR): A scalable blockchain with strong U.S. ties and a promising technical setup. However, currently seeing a drop of 14% from yesterday’s high. Render (RENDER): A project focusing on AI and 3D rendering with a strong U.S. presence. With a market cap of $1.82 billion, the Render token has seen a drop of 15% making it an attractive token to buy at discounted prices. Constellation (DAG): A low-cap token with government connections that could see increased demand. After seeing continued downward pressure DAG is forming a solid bullish pattern, looking to break the $0.050 resistance. ENA (Ethena): A rising altcoin that has caught attention due to its potential growth in the market. Right now, ENA is trading at $0.35 , down 16%, with a market cap of $1.12 billion. Solana (SOL): Since Trump’s Crypto Reserve includes Solana, its price reaction will be interesting to watch. SOL is currently trading at $137. With the March 7th summit coming up, these altcoins could see big price moves, especially if new crypto-friendly rules are announced
NEW YORK , March 4, 2025 /PRNewswire/ — The U.S. digital asset market reached a pivotal milestone with President Trump’s announcement of a proposed U.S. Crypto Strategic Reserve, which includes the same assets tracked by the CoinDesk Large Cap Select Index (“CoinDesk 5”). The President’s support reinforces growing U.S. institutional adoption of digital assets, providing a clear signal to markets that regulatory standards and investment infrastructure are maturing. “The assets proposed for the President’s Crypto Reserve mirror the constituents of the CoinDesk 5, highlighting CoinDesk Indices’ position as the industry standard for digital asset benchmarks, ” said Alan Campbell , President of CoinDesk Indices. “This development strengthens confidence in diversified digital asset investment products and aligns with the broader trend of accelerating market adoption we’re seeing.” With approximately $750 million in assets linked to the CoinDesk 5, the index has established itself as a trusted benchmark for investment products tracking the largest digital assets by market capitalization and liquidity. Financial institutions leveraging the index include Grayscale Investments , whose large cap fund was launched in February 2018 . Other linked-products include Luno Large Cap Bundle , Lyons CoinDesk Large Cap Select Index SMA and BitGo Platform for Wealth Management . Grayscale operates a publicly-traded investment vehicle in the US that holds the identical assets included in the recently announced U.S. Crypto Strategic Reserve. “Grayscale’s Digital Large Cap Fund is an index fund that has been operating for over 7 years with the support of the CoinDesk Index team, currently trades under ticker GDLC, and was most recently priced at a discount of over 10% compared to the fair value of its holdings, Bitcoin, Ethereum, XRP, Solana and Cardano,” said Peter Mintzberg , CEO, Grayscale. Beyond the CoinDesk 5, investors seeking broader market exposure are increasingly turning to the CoinDesk 20 Index , the most traded diversified digital asset benchmark globally, with nearly $14 billion in accumulated futures and options volume. CoinDesk 20 serves as a high-liquidity reference point for institutional investors managing digital asset portfolios and is available through over a dozen investment vehicles globally. “As digital assets integrate further into the global financial system, we anticipate increased demand for risk management and hedging tools,” added Campbell. “The U.S. administration’s embrace of crypto signals the normalization of digital assets within mainstream financial markets, bringing them closer to traditional asset classes.” For more information on the index visit our website . About CoinDesk Indices Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish Group, our indices form the foundation of the world’s largest digital asset products. CoinDesk Indices is regulated in the UK by the Financial Conduct Authority and offers products across multi-asset indices, reference rates, and strategies. Flagships such as the CoinDesk Bitcoin Price Index and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner. Disclaimer CoinDesk is a portfolio company of the Bullish Group. CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, “CoinDesk Indices”), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CoinDesk Indices is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CoinDesk Indices index. CoinDesk Indices does not act as a fiduciary. A decision to invest in any asset linked to a CoinDesk Indices index should not be made in reliance on any of the statements set forth in this document or elsewhere by CoinDesk Indices. All content displayed here or otherwise used in connection with any CoinDesk Indices index (the “Content”) is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CoinDesk Indices. CoinDesk Indices does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CoinDesk Indices is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CoinDesk Indices does not assume any obligation to update the Content following publication in any form or format. © 2025 CoinDesk Indices, Inc. All rights reserved.
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Get ready for a significant shift in the Japanese cryptocurrency landscape! SBI VC Trade , the crypto exchange arm of financial giant SBI Group, is making waves. They’ve just announced a groundbreaking development: the exchange has secured Japan’s first license for a stablecoin-related trading business and will be supporting USDC stablecoin starting March 12th. This is not just another listing; it’s a potential game-changer for digital currency adoption in Japan and beyond. Let’s dive into what this exciting news means for you and the crypto world. What Makes USDC Stablecoin a Key Player? Before we delve deeper into SBI VC Trade’s move, let’s understand why USDC stablecoin is garnering so much attention. In the volatile world of cryptocurrencies, stablecoins offer a beacon of stability. Here’s a breakdown of why USDC is considered a crucial digital asset: Pegged to the US Dollar: USDC is designed to maintain a 1:1 peg with the US dollar. This means for every USDC in circulation, there is a corresponding dollar held in reserve. This peg provides price stability, unlike the fluctuating nature of other cryptocurrencies like Bitcoin or Ethereum. Transparency and Trust: USDC is issued by Centre, a consortium founded by Circle and Coinbase. They are committed to transparency, regularly publishing attestations of their reserves by reputable accounting firms. This builds trust and confidence in the stablecoin’s peg. Growing Adoption: USDC is one of the most widely adopted stablecoins globally. It’s used across various decentralized finance (DeFi) platforms, centralized exchanges, and for international remittances. Its utility is continuously expanding. Regulatory Compliance: Circle actively engages with regulators and strives for compliance. This proactive approach makes USDC a preferred choice for institutions and users concerned about regulatory clarity. In essence, USDC acts as a bridge between the traditional financial system and the crypto world, offering the benefits of digital currencies without the extreme price swings. This stability is vital for wider digital currency adoption , particularly in markets like Japan where regulatory compliance and stability are highly valued. SBI VC Trade Secures Landmark Stablecoin Regulation License The real newsmaker here is SBI VC Trade securing Japan’s first “stablecoin-related trading business” license. This isn’t just a procedural step; it’s a landmark achievement under Japan’s evolving stablecoin regulation . Here’s why this license is so significant: First of its Kind: This license is specifically tailored for businesses handling stablecoins and related electronic payment services. SBI VC Trade is the pioneer in obtaining this specific regulatory approval in Japan. Regulatory Green Light: Japan has been proactive in establishing a regulatory framework for cryptocurrencies. This license demonstrates that SBI VC Trade has met stringent requirements and is operating within the legal boundaries set by Japanese authorities. Boosts Credibility: Being licensed by Japanese regulators enhances SBI VC Trade’s credibility and trustworthiness, both domestically and internationally. It signals a commitment to operating legally and responsibly within the crypto space. Opens Doors for Innovation: This license paves the way for SBI VC Trade to offer a broader range of stablecoin-related services, potentially including payments, remittances, and DeFi integrations, further driving digital currency adoption . This regulatory victory for SBI VC Trade is a strong indicator of Japan’s progressive approach to digital assets. It suggests a willingness to foster innovation while ensuring consumer protection and market integrity. This could set a precedent for other countries looking to establish clear stablecoin regulation frameworks. How Will This Impact the Japan Crypto Exchange Market? SBI VC Trade’s support for USDC is poised to have a ripple effect across the Japan crypto exchange market. Let’s examine the potential impacts: Impact Area Potential Effect Increased Trading Volume USDC is a popular trading pair. Its addition could attract more traders to SBI VC Trade, boosting overall trading volume on the exchange. Enhanced Liquidity Stablecoins like USDC enhance market liquidity by providing readily available trading pairs and facilitating faster transactions between different cryptocurrencies and fiat currencies. Attracting Institutional Investors Institutional investors often prefer regulated and compliant platforms. SBI VC Trade’s license and USDC support could make it more appealing to institutions looking to enter the Japanese crypto market. Competitive Pressure Other Japan crypto exchange platforms may feel pressure to also seek stablecoin licenses and list USDC or other stablecoins to remain competitive. This could lead to a broader adoption of stablecoins across the Japanese market. Broader Market Growth Increased accessibility to stablecoins like USDC can contribute to the overall growth of the Japanese cryptocurrency market by providing a stable and reliable on-ramp and off-ramp for digital assets. Essentially, SBI VC Trade’s move could be a catalyst for a more mature and robust Japan crypto exchange ecosystem, attracting both retail and institutional participants. Benefits of USDC Support on SBI VC Trade: What’s in it for You? For users and traders, the introduction of USDC on SBI VC Trade brings several tangible benefits: Stable Trading Pair: USDC provides a stable and reliable trading pair against other cryptocurrencies. This reduces the risk of volatility when moving funds in and out of crypto positions. Fiat-like On-ramp/Off-ramp: USDC can function as a near-fiat on-ramp and off-ramp. Users can easily convert Japanese Yen to USDC and vice versa (through SBI VC Trade’s services), making it easier to enter and exit the crypto market. Reduced Transaction Costs: Using USDC for transactions can sometimes be more cost-effective than using traditional banking channels, especially for international transfers. DeFi Opportunities: While specifics are yet to be announced, SBI VC Trade’s license could potentially open doors for users to access DeFi opportunities involving USDC in the future, expanding their access to decentralized financial services. Increased Confidence: Trading on a licensed platform that supports a regulated stablecoin like USDC can enhance user confidence and security in their crypto activities. In short, USDC support on SBI VC Trade offers a more stable, efficient, and potentially more versatile experience for cryptocurrency users in Japan. Navigating the Future of Stablecoins and SBI VC Trade While this news is overwhelmingly positive, it’s important to consider the broader context and potential challenges: Evolving Regulatory Landscape: Stablecoin regulation is still evolving globally. While Japan is taking a proactive approach, the regulatory landscape could change, potentially impacting how stablecoins are used and regulated in the future. Competition in the Stablecoin Market: USDC is not the only stablecoin. Tether (USDT) is another dominant player, and other stablecoins are emerging. Competition and market dynamics could influence the long-term success and adoption of USDC in Japan. User Education: Wider adoption of stablecoins requires user education. SBI VC Trade and other industry players will need to educate users about the benefits and risks associated with stablecoins to ensure responsible usage. Despite these considerations, SBI VC Trade’s move to support USDC is a significant step forward for the Japanese cryptocurrency market. It underscores the growing legitimacy and integration of digital assets within the traditional financial system. As digital currency adoption continues to accelerate, expect to see more innovative developments in the stablecoin space and further regulatory clarity around the globe. Conclusion: A Breakthrough for Japan’s Crypto Future SBI VC Trade’s acquisition of Japan’s first stablecoin license and its decision to support USDC is more than just a news headline; it’s a breakthrough moment for the Japanese cryptocurrency industry. It signifies regulatory progress, increased market maturity, and greater accessibility to stable and reliable digital assets for users. This move not only benefits SBI VC Trade and its users but also contributes to the broader growth and acceptance of cryptocurrencies in Japan and potentially sets a positive example for other nations. Keep an eye on March 12th – it marks the beginning of a new chapter for USDC and SBI VC Trade in the dynamic world of digital finance. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Uphold, the U.S.-based cryptocurrency exchange, has made two significant announcements in the evolving crypto landscape of the United States. On Monday, it relaunched its staking services for 19 digital assets in the U.S., aligning with the SEC’s new crypto task force, which is fostering a more pro-crypto regulatory environment in the country. Further, following the U.S. President’s announcement of plans to create a ‘U.S. Crypto Strategic Reserve,’ Uphold introduced a new investment product called the ‘U.S. Crypto Reserve Basket.’ This new basket will allow users to invest in cryptocurrencies that may be designated as part of the U.S. strategic reserve. While heated deliberations continue over which cryptocurrencies should be included in the strategic reserve, the specified Uphold basket will provide investors with an easy way to trade and track digital assets associated with this initiative. US Residents to get enhanced returns by Staking Uphold relaunching its staking services will allow residents of US to earn upto 14.4% return by staking. By pledging their assets, users lock crypto onto a Blockchain, allowing them to earn rewards in their preferred crypto while securing Blockchain networks. Since rewards are set by crypto networks with specific APY rates, users do not have to continuously monitor crypto markets to earn. Unlike conventional interest-bearing financial instruments, staking rewards are distributed in the same cryptocurrency that was staked, providing users with an incentive to actively participate in blockchain governance and validation. Rewards are set to be distributed weekly, ensuring a steady stream of passive income for those engaging with the service. Now, with the Uphold’s staking services back in the US, users can stake in 19 different cryptocurrencies, including Ethereum (ETH), Solana (SOL), Cardano (ADA), Palkadot (DOT), and Hedera (HBAR). The move by Uphold comes amid the more crypto-friendly regulatory framework. In the last week, SEC had dismissed several high-profile cases, including those against exchanges such as Coinbase and Kraken. You've been patient. Now is the time to be rewarded. Staking is back on Uphold for U.S. residents. 19 assets are available to stake immediately, including favorites like $HBAR , $ADA , $SOL , $ETH , and $DOT . Learn more: https://t.co/H0YpOfkPsW Get started. — Uphold (@UpholdInc) March 3, 2025 Uphold CEO Simon McLoughlin while emphasising on the improved regulatory environment under the new administration, said on the relaunch of staking services in US, “Staked crypto holdings, integral to Proof-of-Stake blockchain protocols, play a vital role in the healthy functioning of the on-chain finance ecosystem. Blockchain platforms use staking to validate transactions, bolster security, and maintain the network while promoting inclusivity for wallet owners worldwide. Users should absolutely be able to support this activity and earn from that support.” 19 Assets available for Staking along with their rewards rate. Souce: https://uphold.com/staking Uphold’s New Investment Option of U.S. Crypto Reserve Basket As mentioned, alongside the staking service relaunch, Uphold has introduced a new investment product called the U.S. Crypto Reserve basket. This feature will allow users to invest in a diversified selection of digital assets designated as part of a U.S. strategic reserve. The basket includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), reflecting a curated selection of high-liquidity cryptocurrencies. Uphold Baskets are meticulously curated collections of cryptocurrencies, designed to simplify the process of diversifying your portfolio. By grouping together assets based on various market sectors, Uphold Baskets can spread users’ investment across multiple cryptocurrencies. All eyes hooked on the upcoming developments Thus, the Uphold’s relaunch of staking services represents a pivotal moment for crypto users in the U.S., highlighting a shift in how regulators perceive staking and blockchain governance. Further, the new basket introduction marks a significant step in the evolving saga on the US Crypto Reserve . As the industry moves forward, all eyes will be on whether this marks the beginning of a new era of crypto adoption and financial integration. The post Uphold Relaunches Staking Services in the US and Unveils new Basket for U.S. Crypto Reserve appeared first on CoinGape .
Bitcoin’s current market dynamics suggest it is navigating through a crucial corrective phase, potentially setting the stage for future price surges. This period of consolidation may lead to a decisive
The post Binance Lists GoPlus Security (GPS) Token, Adds to HODLer Airdrop Program appeared first on Coinpedia Fintech News Binance, the largest crypto exchange by trading volume, has announced plans to integrate GPS tokens from GoPlus Security, a company offering decentralized, user-driven security services for Web3. GoPlus Security’s token, GPS, will be available for trading on Binance starting Tuesday, March 4, at 13:00 UTC, with select token pairs as per a recent announcement from Binance. “Binance will then list GPS at 2025-03-04 13:00 (UTC) and open trading against USDT, USDC, BNB, FDUSD, and TRY pairs,” the exchange stated. Binance Includes GPS in HODLer Airdrops Besides, the exchange will also include GPS in HODLer airdrops, rewarding BNB holders with tokens based on their past BNB balances. Unlike other earning methods that require continuous actions, HODLer Airdrops reward users retroactively, allowing them to earn tokens easily. By subscribing BNB to Simple Earn products or On-Chain Yields, users automatically qualify for rewards. “Binance is excited to announce the 11th project on the HODLer Airdrops page – GoPlus Security (GPS). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from 2025-02-19 00:00 (UTC) to 2025-02-24 23:59 (UTC) will get the airdrop distribution,” the exchange added. GPS HODLer Airdrop Details The GoPlus Security (GPS) token has a total supply of 10 billion GPS tokens, with a maximum supply capped at the same amount. For HODLer airdrops, 300 million GPS tokens (3% of the total supply) are allocated as rewards. Additionally, 400 million GPS tokens will be set aside for future marketing campaigns starting six months after the spot listing, with further details to be shared later. Upon listing on Binance, the circulating supply will be 1.81 billion GPS tokens, which is 18.1% of the total supply. GPS Surges By 16% Users can begin depositing GPS tokens at 10:20 UTC ahead of trading. As a precaution to distinguish GPS with other tokens, Binance will assign a unique seed phrase to GPS. Additionally, Binance will list GPS with zero trading fees, allowing users to trade without incurring any charges. Following the Binance listing announcement, GPS surged by 16%. Binance’s involvement with GoPlus Security dates back to December 2022, when Binance Labs led a private funding round to boost the company’s tech and Web3 security. However, Binance did not participate in GoPlus’s earlier funding round in April 2022.