The Chamber of Deputies of Argentina has passed three bills to create a special commission on the LIBRA meme coin fraud. The case has exerted pressure on President Javier Milei’s administration since February to come clean about the reality. The vote passed with 128 deputies in favor and 93 against it, with seven abstaining. The committee will have the right to convene high-ranking officials and demand paperwork from other public bodies. The commission is expected to hear testimonies from Economy Minister Luis Caputo, Justice Minister Mariano Cúneo Libarona, and Chief of Staff Guillermo Francos. Representative Pablo Juliano emphasized that there must be clarity and added that Congress has to assess the damage that Argentina had or failed to have. Sabrina Selva pointed out that both should be compelled to testify. She cited the possibility of both participating in the contentious events. She further argued that all officials should be made to answer to Congress, and there should be no exemption. “ Karina Milei, Javier Milei, and Manuel Adorni, whom we had also requested from our bloc, were excluded from the interpellation. We will insist that these officials come and explain themselves to the Investigative Committee” ~ Sabrina Selva, Member of the Chamber of Deputies of Argentina. LIBRA token collapse sparks allegations of fraud The allegations arose from a claim that President Milei endorsed the social media trading of the LIBRA token, causing its prices to rise. After Milei’s post on X, the token rose from $0.000001 to $5.20 in just under 40 minutes, touching on $4 billion in market capitalization. Subsequently, the token’s creators, who possessed 70% of the total tokens, dumped them. This saw the coin’s price drop by more than 94% to $0.99. Traders accused Milei of promoting a pump-and-dump scheme, which he vehemently denied after deleting the promotional posts. The legal action was initiated by lawyers Marcos Zelaya and Jonathan Baldiviezo, together with engineer María Eva Koutsovitis and economist Claudio Lozano on February 17. The complaint accuses Milei of deception regarding the cryptocurrency. The investigation deepened when the blockchain analytics firm Nansen investigated aspects of LIBRA’s development, which were rather worrying. Nansen said that 86% of the investors incurred a loss of $251 million, whereas only a small portion made a profit of more than $180 million. The blockchain firm Bubblemaps exposed some of the links between the LIBRA creators and previous pump-and-dump schemes. The report noted the stolen funds were distributed to other wallets associated with the other scandalous coins, including MELANIA. Calls for transparency grow as class action lawsuits loom Although the committee will be questioning several top officials, a line-up of opposition lawmakers vowed to ensure that President Milei and Karina Milei are held accountable. Congresswoman Gabriela Estevez noted that the people of Argentina have the right to know how the fraud was committed and the individuals who took part in it. “It is necessary for all Argentines to know how the fraud was planned and carried out, and the involvement of the President and each official.” ~ Estevez The LIBRA scandal has already caused a considerable shake-up in the cryptocurrency market. As per CoinGecko, LIBRA led to the erasure of $26 billion in the meme coin market, hitting meme platforms like Pump.fun. Some international law firms, including Burwick Law, have started instituting legal proceedings by filing class action suits for the international investors who LIBRA defrauded. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The post Crypto Market Live Today: Bitcoin Recovers Following a Tariff Pause; ETH, XRP, SOL Gain Strength appeared first on Coinpedia Fintech News The US stock market rebounds; the Dow Jones surges 6.7% in a single day as President Trump raises China’s tariffs to 125% and pauses tariffs on other countries for 90 days that have reached out to negotiate. The crypto markets saw a positive impact as the Bitcoin price surged past $83,500, which triggered a colossal recovery within the markets. The markets appear to have revamped a strong ascending trend, while a sustained upswing may pave the way for a strong bull run ahead. Bitcoin & Top 10 Altcoins Soar With a Double-Digit Margin Bitcoin price underwent a massive recovery of over 8% in the past 24 hours, while the other altcoins in the Top 10, like Ethereum, XRP, Solana and Dogecoin, rose by 12%, 11%, 10% and 9%, respectively. Other than Bitcoin & Ethereum, XRP and Solana remained the top traded tokens, excluding the stablecoins like USDT & USDC. Overall market sentiments are turning bullish, which suggests a rise in buying pressure. Top Gainers & Losers Fartcoin (FARTCOIN) leads the top 100 cryptos by gaining over 50% growth since the early trading hours but faced a small pullback. Flare (FLR), Sonic (S), Bittensor (TAO), and Ondo (ONDO) also attract massive gains by surging over 26%, 19%, 18% and 17%, respectively. On the other hand, Helium (HNT) & Berachain (BERA) also surged by more than 10% and appear to be ready to enter the top 100 cryptos, with over $500 million market capitalization. Memecoins Approach Pivotal Resistance The memecoin market cap has plunged below $40 billion, while the latest rise in the markets elevated the levels above $44 billion. With an increase in trading activity and volume, the popular memecoins managed to attract notable gains. Shiba Inu surged by 10% along with Pepe and Bonk, while TRUMP surged by 8% and FLOKI by 9%. dogwifhat (WIF) prices increased by more than 12%, but another celebrity-based memecoin, MELANIA, faces some loss while other memes thrive. Collectively, the crypto markets are gaining some strength as the global markets experience a drop in the upward pressure. While the bearish clouds over the markets continue to haunt as the tariffs are paused but not withdrawn. Until then, the Bitcoin price is expected to maintain a consolidated ascending trend but remain restricted below $85,000 for a while.
San Francisco, United States/California, April 10th, 2025, Chainwire Huma Finance , the first PayFi Network, announced the launch of Huma 2.0, a permissionless, compliant, and composable real-yield platform built on Solana today. This launch opens global access to Huma’s stable real yield from global payment financing related to everyday commerce and trade activities. This development broadens individual access to stable, real-world yield—historically more common in institutional finance—by leveraging payment-financing mechanisms. Simultaneously, the existing permissioned service has been rebranded as Huma Institutional to continue serving institutions and accredited investors. Users can begin depositing on the new Huma 2.0 platform immediately. Huma 2.0 offers users alternative ways to participate as liquidity providers. It introduces two primary modes to cater to different user preferences: Classic Mode, designed for those seeking stable, double-digit USDC yield (updated monthly) combined with rewards called Huma Feathers; and Maxi Mode, tailored for users aiming to maximize their accumulation of Huma Feathers, earning rewards at 5x the base rate, without receiving USDC yield. Users can switch the mode of their existing positions at any time. DeFi composability is also a core feature of Huma 2.0, enabled by the $PST, short for PayFi Strategy Token. This liquid, yield-bearing LP token allows holders to integrate their Huma positions with leading protocols on Solana. At launch, users can swap $PST for USDC via Jupiter, the first of several planned integrations with top Solana DeFi platforms. Support for using $PST as collateral on Kamino and trading future rewards via RateX are expected shortly after launch. While participation does not require capital lock-up, users can opt for 3-month or 6-month terms to significantly boost their Huma Feather rewards via multipliers. Notably, during the initial launch period, these multipliers are significantly elevated as part of a limited-time promotion, offering particularly high boosts in Maxi Mode. These features offer users enhanced flexibility and choice in managing their positions. In just two years, Huma Finance’s PayFi Network has rapidly achieved significant scale, processing over $3.8 billion in transactions and generating $8 million in annualized revenue. Huma supports its partners to generate yield from their PayFi operations. Unlike DeFi yields often reliant on token incentives, market speculation, or typically low rates in traditional finance, PayFi yield originates directly from fees paid by businesses using the network for payment financing and settlement liquidity. Capital is recycled rapidly—often within days—compounding fees generated from tangible economic activity. This mechanism has enabled Huma to consistently deliver stable, double-digit USDC yields, showcasing a sustainable model further validated by backing from leading investors and recognition from industry analysts like Messari regarding PayFi’s potential to address a $30 trillion market. “Huma 2.0 isn’t just another yield product — it’s a structural shift.” Said Erbil Karaman, Co-founder of Huma Finance. “By giving payments institutions a new source of liquidity that operates 24/7 with incredible capital efficiency, we are creating a new type of yield that is composable, transparent, and grounded in real economic activity. It finally gives DeFi access to a source of returns that institutions have kept to themselves for decades — and it does so without compromising on what makes DeFi powerful.” The launch of Huma 2.0 comes during significant shifts in global finance and within the DeFi landscape itself. While legacy payment infrastructures like SWIFT face challenges with speed and transparency and trillions in capital remain inefficiently allocated, the demand for modern, blockchain-based solutions is clear, evidenced by stablecoin transaction volumes recently reaching a reported $35 trillion. Huma 2.0 leverages this shift, providing efficient settlement liquidity and broadening access for individuals worldwide to earn from foundational financial activities – an opportunity previously confined mainly to institutions. Crucially, the yield generated through PayFi is designed to be less dependent on crypto market cycles. Whether markets are booming or in a downturn, economic activities like payments and trade may continue, potentially offering a more stable foundation for Huma’s yield generation. This structure may make double-digit returns more relevant during bear markets, where speculative yields often decline. As DeFi matures, there is a readiness for this type of yield – one grounded in tangible commerce rather than token speculation. PayFi serves as a foundational layer, enabling new DeFi strategies like the recent Solmate product from Splyce, which combines Huma’s $PST yield with SOL liquid staking, bridging decentralized finance with productive economic use. Huma 2.0 marks a key step in building a new financial future, fundamentally expanding participation by inviting everyone into a financial revolution where access is open and fair. Early participants can benefit from various reward multipliers, including boosts for prior Huma depositors and partner communities. As the platform expands with more DeFi integrations and plans to be the first major project on Jupiter’s LFG 2.0 launchpad – Huma continues to build finance that is truly accessible. To learn more about Huma 2.0 or participate, users can visit https://huma.finance or follow @humafinance on X. For media inquiries, users can contact: Ejiro Oviri, ejiro@huma.finance. About Huma Finance Huma is the first PayFi (Payment Finance) network. It features an open-stack liquidity protocol with applications for key areas like cross-border payments, stablecoin-backed cards and trade finance. The network addresses a total market estimated at over $30 trillion. Its mission is to accelerate the movement of money for a world that’s always on. Huma is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Contact Director of Brand Marketing Ejiro Huma Finance ejiro@huma.finance
April 10th, 2025 – San Francisco, United States/California Huma Finance , the first PayFi Network, announced the launch of Huma 2.0, a permissionless, compliant, and composable real-yield platform built on Solana today. This launch opens global access to Huma’s stable real yield from global payment financing related to everyday commerce and trade activities. This development broadens individual access to stable, real-world yield—historically more common in institutional finance—by leveraging payment-financing mechanisms. Simultaneously, the existing permissioned service has been rebranded as Huma Institutional to continue serving institutions and accredited investors. Users can begin depositing on the new Huma 2.0 platform immediately. Huma 2.0 offers users alternative ways to participate as liquidity providers. It introduces two primary modes to cater to different user preferences: Classic Mode, designed for those seeking stable, double-digit USDC yield (updated monthly) combined with rewards called Huma Feathers; and Maxi Mode, tailored for users aiming to maximize their accumulation of Huma Feathers, earning rewards at 5x the base rate, without receiving USDC yield. Users can switch the mode of their existing positions at any time. DeFi composability is also a core feature of Huma 2.0, enabled by the PST, short for PayFi Strategy Token. This liquid, yield-bearing LP token allows holders to integrate their Huma positions with leading protocols on Solana. At launch, users can swap PST for USDC via Jupiter, the first of several planned integrations with top Solana DeFi platforms. Support for using PST as collateral on Kamino and trading future rewards via RateX are expected shortly after launch. While participation does not require capital lock-up, users can opt for 3-month or 6-month terms to significantly boost their Huma Feather rewards via multipliers. Notably, during the initial launch period, these multipliers are significantly elevated as part of a limited-time promotion, offering particularly high boosts in Maxi Mode. These features offer users enhanced flexibility and choice in managing their positions. In just two years, Huma Finance’s PayFi Network has rapidly achieved significant scale, processing over $3.8 billion in transactions and generating $8 million in annualized revenue. Huma supports its partners to generate yield from their PayFi operations. Unlike DeFi yields often reliant on token incentives, market speculation, or typically low rates in traditional finance, PayFi yield originates directly from fees paid by businesses using the network for payment financing and settlement liquidity. Capital is recycled rapidly—often within days—compounding fees generated from tangible economic activity. This mechanism has enabled Huma to consistently deliver stable, double-digit USDC yields, showcasing a sustainable model further validated by backing from leading investors and recognition from industry analysts like Messari regarding PayFi’s potential to address a $30 trillion market. “Huma 2.0 isn’t just another yield product — it’s a structural shift.” Said Erbil Karaman, Co-founder of Huma Finance. “By giving payments institutions a new source of liquidity that operates 24/7 with incredible capital efficiency, we are creating a new type of yield that is composable, transparent, and grounded in real economic activity. It finally gives DeFi access to a source of returns that institutions have kept to themselves for decades — and it does so without compromising on what makes DeFi powerful.” The launch of Huma 2.0 comes during significant shifts in global finance and within the DeFi landscape itself. While legacy payment infrastructures like SWIFT face challenges with speed and transparency and trillions in capital remain inefficiently allocated, the demand for modern, blockchain-based solutions is clear, evidenced by stablecoin transaction volumes recently reaching a reported $35 trillion. Huma 2.0 leverages this shift, providing efficient settlement liquidity and broadening access for individuals worldwide to earn from foundational financial activities – an opportunity previously confined mainly to institutions. Crucially, the yield generated through PayFi is designed to be less dependent on crypto market cycles. Whether markets are booming or in a downturn, economic activities like payments and trade may continue, potentially offering a more stable foundation for Huma’s yield generation. This structure may make double-digit returns more relevant during bear markets, where speculative yields often decline. As DeFi matures, there is a readiness for this type of yield – one grounded in tangible commerce rather than token speculation. PayFi serves as a foundational layer, enabling new DeFi strategies like the recent Solmate product from Splyce, which combines Huma’s PST yield with SOL liquid staking, bridging decentralized finance with productive economic use. Huma 2.0 marks a key step in building a new financial future, fundamentally expanding participation by inviting everyone into a financial revolution where access is open and fair. Early participants can benefit from various reward multipliers, including boosts for prior Huma depositors and partner communities. As the platform expands with more DeFi integrations and plans to be the first major project on Jupiter’s LFG 2.0 launchpad – Huma continues to build finance that is truly accessible. To learn more about Huma 2.0 or participate, users can visit https://huma.finance or follow @humafinance on X. For media inquiries, users can contact: Ejiro Oviri, ejiro@huma.finance. About Huma Finance Huma is the first PayFi (Payment Finance) network. It features an open-stack liquidity protocol with applications for key areas like cross-border payments, stablecoin-backed cards and trade finance. The network addresses a total market estimated at over $30 trillion. Its mission is to accelerate the movement of money for a world that’s always on. Huma is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Contact Director of Brand Marketing Ejiro Huma Finance ejiro@huma.finance This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post Huma Finance 2.0 Launches on Solana, Bringing Composable Real Yield to DeFi Users appeared first on The Daily Hodl .
San Francisco, United States/California, April 10th, 2025, Chainwire Huma Finance , the first PayFi Network, announced the launch of Huma 2.0, a permissionless, compliant, and composable real-yield platform built on Solana today. This launch opens global access to Huma's stable real yield from global payment financing related to everyday commerce and trade activities. This development broadens individual access to stable, real-world yield—historically more common in institutional finance—by leveraging payment-financing mechanisms. Simultaneously, the existing permissioned service has been rebranded as Huma Institutional to continue serving institutions and accredited investors. Users can begin depositing on the new Huma 2.0 platform immediately. Huma 2.0 offers users alternative ways to participate as liquidity providers. It introduces two primary modes to cater to different user preferences: Classic Mode, designed for those seeking stable, double-digit USDC yield (updated monthly) combined with rewards called Huma Feathers; and Maxi Mode, tailored for users aiming to maximize their accumulation of Huma Feathers, earning rewards at 5x the base rate, without receiving USDC yield. Users can switch the mode of their existing positions at any time. DeFi composability is also a core feature of Huma 2.0, enabled by the $PST, short for PayFi Strategy Token. This liquid, yield-bearing LP token allows holders to integrate their Huma positions with leading protocols on Solana. At launch, users can swap $PST for USDC via Jupiter, the first of several planned integrations with top Solana DeFi platforms. Support for using $PST as collateral on Kamino and trading future rewards via RateX are expected shortly after launch. While participation does not require capital lock-up, users can opt for 3-month or 6-month terms to significantly boost their Huma Feather rewards via multipliers. Notably, during the initial launch period, these multipliers are significantly elevated as part of a limited-time promotion, offering particularly high boosts in Maxi Mode. These features offer users enhanced flexibility and choice in managing their positions. In just two years, Huma Finance's PayFi Network has rapidly achieved significant scale, processing over $3.8 billion in transactions and generating $8 million in annualized revenue. Huma supports its partners to generate yield from their PayFi operations. Unlike DeFi yields often reliant on token incentives, market speculation, or typically low rates in traditional finance, PayFi yield originates directly from fees paid by businesses using the network for payment financing and settlement liquidity. Capital is recycled rapidly—often within days—compounding fees generated from tangible economic activity. This mechanism has enabled Huma to consistently deliver stable, double-digit USDC yields, showcasing a sustainable model further validated by backing from leading investors and recognition from industry analysts like Messari regarding PayFi's potential to address a $30 trillion market. “Huma 2.0 isn’t just another yield product — it’s a structural shift.” Said Erbil Karaman, Co-founder of Huma Finance. “By giving payments institutions a new source of liquidity that operates 24/7 with incredible capital efficiency, we are creating a new type of yield that is composable, transparent, and grounded in real economic activity. It finally gives DeFi access to a source of returns that institutions have kept to themselves for decades — and it does so without compromising on what makes DeFi powerful.” The launch of Huma 2.0 comes during significant shifts in global finance and within the DeFi landscape itself. While legacy payment infrastructures like SWIFT face challenges with speed and transparency and trillions in capital remain inefficiently allocated, the demand for modern, blockchain-based solutions is clear, evidenced by stablecoin transaction volumes recently reaching a reported $35 trillion. Huma 2.0 leverages this shift, providing efficient settlement liquidity and broadening access for individuals worldwide to earn from foundational financial activities – an opportunity previously confined mainly to institutions. Crucially, the yield generated through PayFi is designed to be less dependent on crypto market cycles. Whether markets are booming or in a downturn, economic activities like payments and trade may continue, potentially offering a more stable foundation for Huma’s yield generation. This structure may make double-digit returns more relevant during bear markets, where speculative yields often decline. As DeFi matures, there is a readiness for this type of yield – one grounded in tangible commerce rather than token speculation. PayFi serves as a foundational layer, enabling new DeFi strategies like the recent Solmate product from Splyce, which combines Huma's $PST yield with SOL liquid staking, bridging decentralized finance with productive economic use. Huma 2.0 marks a key step in building a new financial future, fundamentally expanding participation by inviting everyone into a financial revolution where access is open and fair. Early participants can benefit from various reward multipliers, including boosts for prior Huma depositors and partner communities. As the platform expands with more DeFi integrations and plans to be the first major project on Jupiter's LFG 2.0 launchpad – Huma continues to build finance that is truly accessible. To learn more about Huma 2.0 or participate, users can visit https://huma.finance or follow @humafinance on X. For media inquiries, users can contact: Ejiro Oviri, ejiro@huma.finance. About Huma Finance Huma is the first PayFi (Payment Finance) network. It features an open-stack liquidity protocol with applications for key areas like cross-border payments, stablecoin-backed cards and trade finance. The network addresses a total market estimated at over $30 trillion. Its mission is to accelerate the movement of money for a world that’s always on. Huma is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. ContactDirector of Brand MarketingEjiroHuma Financeejiro@huma.finance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
TL;DR PI marked a solid daily gain, driven by the broader crypto market recovery following the eased trade tension between the USA and numerous countries. Community members noted the pump, with some envisioning a rally above $2.50 in the near future. The native cryptocurrency of Pi Network witnessed a substantial resurgence several hours ago, with its price soaring to almost $0.65. Later, though, it retraced to the current $0.60, which still represents a 6% daily increase. PI Price, Source: CoinGecko The most likely reason fueling the rally is the cryptocurrency market’s overall revival following the latest update on the global trade war. Recall that US President Donald Trump implemented a 90-day suspension on most new tariffs. The reciprocal rate was reduced to 10% for over 75 countries that have recently tried to negotiate better terms with America. However, tariffs on Chinese imports dramatically increased to 125% due to “the lack of respect” from the Asian nation. In the aftermath, Bitcoin (BTC) surged past $83,000 before settling at around $82,000, while Ethereum (ETH) exceeded $1,600. Strategic deals inked as of late might have also played a positive role for PI’s price performance. Not long ago, Pi Network collaborated with the global payment service provider Banxa. The latter supposedly acquired over 30 million PI tokens, highlighting its potential confidence in the project’s ecosystem. On April 8, Pi News (a media platform associated with the crypto project) claimed that 1.2 million PI were purchased from Banxa in the span of 48 hours. “This signals Community trust in Banxa. More utilities, more demand,” the entity added. PI’s price pump in the past hours sparked enthusiasm across its community, with some members envisioning further upswing in the near future . The X user MOON JEFF (who also touches upon the matter) argued that recovery is possible and envisioned the formation of a V-shaped curve that could result in a rally above $2.50. The post Why is the Pi Network Price Up Today? appeared first on CryptoPotato .
For cryptocurrency enthusiasts and tech-savvy investors, the geopolitical landscape surrounding AI technology is becoming increasingly relevant. The infrastructure that powers the decentralized web and innovative blockchain projects is deeply intertwined with advancements in artificial intelligence and the hardware that drives it. The latest twist in the ongoing US-China tech rivalry involves a surprising decision regarding Nvidia H20 chips and their export to China, a move that could have significant ramifications for the global tech ecosystem and potentially, the future of decentralized technologies. Unexpected Reprieve: Nvidia H20 Chips Escape Immediate AI Export Controls In a surprising turn of events, it appears Nvidia CEO Jensen Huang has navigated a complex geopolitical situation to secure a temporary reprieve for the export of Nvidia H20 chips to China. Initially expected to face stringent export restrictions, similar to other advanced AI chips, the H20 now seems to have been spared, at least for the time being. This development has sent ripples through the semiconductor industry and raised eyebrows among policymakers and industry analysts alike. But what exactly transpired to cause this sudden change of course? The Mar-a-Lago Deal: US Data Centers in Exchange for AI Chip Exports? According to reports from NPR, the apparent shift in policy can be traced back to a dinner meeting between Jensen Huang and former President Trump at Mar-a-Lago. During this meeting, Huang reportedly proposed a deal: in exchange for continued export of Nvidia H20 chips to China, Nvidia would significantly invest in building new AI data centers within the United States. While Nvidia has declined to officially comment on these reports, the alleged proposal highlights the complex interplay between national security concerns, economic interests, and corporate strategy in the age of AI dominance. Here’s a breakdown of the key elements of this reported agreement: The Proposal: Nvidia CEO Jensen Huang reportedly offered to invest heavily in new AI data centers in the U.S. The Venue: The proposal was allegedly made during a dinner at Trump’s Mar-a-Lago resort. The Incentive: In return for this investment, the Trump administration seemingly agreed to hold off on imposing export restrictions on Nvidia’s H20 AI chips. Why the H20 Chip is at the Center of the Storm? The Nvidia H20 is not just any chip; it represents the most advanced AI processing power that Nvidia can currently export to China under existing regulations. Despite being modified to have slightly reduced performance compared to Nvidia’s top-tier chips, the H20 is still a potent piece of hardware, highly sought after for training advanced AI models. Concerns arose when reports surfaced that China-based AI firm DeepSeek utilized H20 chips to train its R1 open AI model, which demonstrated impressive performance, rivaling models from leading US AI labs like OpenAI. This sparked fears that continued access to H20 chips could inadvertently bolster China’s AI capabilities, potentially undermining the US’s strategic advantage. Navigating the AI Export Controls Landscape: A Tightrope Walk The decision to potentially exempt Nvidia H20 chips from stricter AI export controls is particularly perplexing given the broader context of US policy. The Biden administration, before leaving office, implemented a comprehensive set of rules aimed at limiting the export of advanced AI chips to nearly every country outside the US, with especially harsh restrictions targeting China and Russia. These rules were designed to safeguard US technological leadership and national security by preventing adversaries from accessing cutting-edge AI hardware. Nvidia itself has criticized these export guidelines, labeling them “unprecedented and misguided” and warning of their potential to stifle global innovation. The Trump administration’s apparent willingness to consider exceptions, even while maintaining the overall export control framework, suggests a nuanced, albeit potentially contradictory, approach. The Broader Trend: “America-First” AI and Corporate Alignment Nvidia isn’t alone in seemingly aligning with an “America-first” approach to AI to potentially gain favor with the US administration. Several major tech players have made significant commitments to US-based AI infrastructure development. For example: Company Initiative Investment OpenAI Stargate Project (US Data Center) with SoftBank & Oracle $500 Billion Microsoft US AI Data Center Expansion (Fiscal Year 2025) $40 Billion (50% of $80 Billion Global AI Infrastructure Investment) These substantial investments in US AI data centers underscore a broader trend of tech companies strategically positioning themselves within the evolving geopolitical landscape. The promise of domestic investment and job creation can be a powerful bargaining chip when navigating complex regulatory environments and seeking favorable policy decisions. Is this a Strategic Masterstroke or a Risky Gamble? The decision to potentially allow continued Nvidia H20 chip exports to China in exchange for US data center investment is a complex calculation with potential benefits and risks. On one hand, securing significant investment in domestic AI infrastructure strengthens the US’s technological base and creates jobs. On the other hand, allowing China continued access to advanced AI chips, even if slightly less powerful versions, could fuel their AI development and potentially erode the intended impact of export controls. The long-term consequences of this apparent deal remain to be seen, and its effectiveness in achieving US AI dominance will be closely watched by the semiconductor industry , policymakers, and indeed, the global tech community. For those in the cryptocurrency and blockchain space, this situation highlights the interconnectedness of global technology policy and the future of decentralized innovation. The hardware that powers AI also underpins much of the infrastructure for blockchain networks and AI-driven crypto projects. Understanding these geopolitical dynamics is crucial for navigating the evolving landscape of digital assets and decentralized technologies. To learn more about the latest explore our article on key developments shaping AI features, institutional adoption.
Bitcoin's double bottom pattern raises bullish expectations in the market. Other major cryptocurrencies show positive trends following Bitcoin's movements. Continue Reading: Bitcoin’s Double Bottom Pattern Sparks Positive Momentum Across Cryptocurrencies The post Bitcoin’s Double Bottom Pattern Sparks Positive Momentum Across Cryptocurrencies appeared first on COINTURK NEWS .
U.S. Senator Elizabeth Warren has recently sent shockwaves across America by calling for an investigation into Donald Trump’s new tariffs. On Thursday, April 10, the Senator proclaimed that the President’s latest initiative is primarily to manipulate the market to favor his Wall Street donors. Warren said, “I’m calling for an investigation into whether President Trump manipulated the market. Did Trump help insiders cash in on his tariff flip-flopping?” she added in an X post shared recently. Elizabeth Warren Slams Donald Trump’s Tariffs As U.S. Economy Crumbles In her X post , Elizabeth Warren signaled that the Predent’s tariff saga “sure looks like corruption.” She goes on to add that “Donald Trump is trashing the American economy” with his uncertain tariff flip-flopping in recent days. The U.S. Senator for Massachusetts highlights how Trump has constantly been changing tariffs across the board, fueling confusion and chaos across global stocks and markets. Particularly pointing towards the major shift in China’s tariff, such as 105% to 125% in just a day, Warren conveys that market uncertainty is at its peak as “no one knows what the tariffs could be tomorrow, next week, or the coming month.” Besides, after announcing new tariffs, Trump also halted them for a brief period, offering some cool-down period to markets before a final crash. In the interim, Trump sent out a message to his “billionaire buddies, suggesting them this is a great time to buy,” as per Warren. The Senator calls out on all of these chronicles, saying, “Was that market manipulation, corruption? An independent investigation into the matter is much needed.” Meanwhile, the chances of a recession and inflation continue to rise. Whereas, PMI and JOLTS data weakens in sync stocks and markets losing alarming values. This current economic scenario has left traders and investors on their toes. Notably, Trump’s tariff’s ripple effect is the primary factor fueling volatility across global markets. Warren Calls For An End On New Tariffs In another X post, Elizabeth Warren said, “I’m live on the Senate floor calling on Republicans in Congress to help us put an end to Donald Trump’s tariff chaos.” She believes that this initiative is only hurting the U.S. economy and more damage looms given the Republican is not stopped. Trump’s new tariffs on many countries again saw a pause for 90 days, whereas tariffs on China were raised to 125%. Pointing toward this aspect, Warren states, “This chaos will keep hurting the American people. Maybe the President is looking for an exit ramp. Maybe he’s not. Either way, this will only end when Congress reins Trump in.” The post Elizabeth Warren Calls Investigation On Trump’s Tariffs Amid Market Manipulation Allegations appeared first on CoinGape .
Almost $250 billion has reentered spot crypto markets over the past 12 hours or so in reaction to the 90-day pause and lowering of reciprocal tariffs by the US president. Total market capitalization has returned to $2.7 trillion in a 6% daily gain, recovering almost all losses over the past few days of bleeding out. Bitcoin surged more than 8% over the past 24 hours to hit an intraday high of $83,425 during late trading on Wednesday before cooling off a little during Thursday morning’s Asian session. The asset has now returned to its month-long range-bound channel in the mid-$80K price zone. Analysts Weigh In Technical analyst ‘Rekt Capital’ observed that two exponential moving averages are consolidating in what is still a bull market, for Bitcoin at least. They noted that the 21-week EMA represents lower prices as it declines and is currently around $86,500 before adding, “The declining nature of this EMA will make it easier for BTC to break out.” Meanwhile, analyst “Mister Crypto” drew comparisons with price movements in 2020, suggesting that a large breakout is imminent. Stock markets also rallied on the news, with the S&P 500 gaining 9.5% on the day, the Nasdaq up 12%, and the Dow Jones increasing by almost 8%. However, not all were convinced it was a good thing, with permabear Peter Schiff chiming in , “Today’s US stock market rally is a bear market rally, and likely an opportunity to sell. 10% across-the-board tariffs remain in effect, and there will be heightened risk over the next 90 days.” Asymmetric founder Joe McCann opined that markets have already priced in the current situation with tariffs. However, if a deal with China emerges, markets will “explode,” he said. How I’m viewing the market now: – Market was priced for China, EU and everyone else getting tariffed – Market now pricing only China – Market not pricing a China deal If a China deal comes, market explodes. If it doesn’t, it’s already priced. 10Y wax max bid by foreigners -… pic.twitter.com/GFWN6XsisW — ◢ J◎e McCann (@joemccann) April 9, 2025 Elsewhere on Crypto Markets Ethereum, which fell below its 2018 cycle peak on Wednesday, bounced back by 15% in a return to tap $1,680. However, the asset remains weak, with prices at bear market lows. Other altcoins showing solid recovery included XRP , up 13% to reclaim $2, Solana (SOL) gaining 12% to tap $120, and Dogecoin (DOGE) up a similar amount to top $0.16. Other double-digit gainers today included Cardano, Chainlink, Avalanche, Hedera, and Sui. Nevertheless, altseason has yet to materialize for the majority of digital assets, which remain way down from their peak levels in this cycle or the previous. The post Bitcoin Recovers to $83K in Crypto Market Bounce as Trade Tensions Ease appeared first on CryptoPotato .