Binance, the world's largest cryptocurrency exchange by trading volume, announced that it has added new trading pairs to its spot platform and expanded its automated trading services in an effort to improve user experience and trading flexibility. Binance Adds New VET/USDC and ZEN/USDC Trading Pairs, Expands Trading Bot Services Binance has officially launched trading of VeChain (VET) and Horizen (ZEN) paired with USD Coin (USDC) on Binance Spot starting at 11:00 AM today. This move comes as part of Binance’s efforts to expand trading offerings and strengthen USDC liquidity on its platform. Trading bots are now available for VET, ZEN, TON, and TRX. In addition to the new spot trading pairs, Binance has enabled its popular Trading Bots service for several trading pairs: Spot Algo Orders are now available for VET/USDC and ZEN/USDC. Spot Grid Trading and Dollar Cost Averaging (DCA) Bots are now available for Toncoin (TON/USDC) and TRON (TRX/USDC). Trading Bots allow users to automate trading strategies based on predefined parameters, offering greater efficiency and reducing manual trading efforts. As part of the rollout, Binance is offering discounted taker fees on all existing and newly listed USDC spot and margin trading pairs. The promotion will remain in effect until further notice and will encourage traders to use USDC pairs for further cost savings. *This is not investment advice. Continue Reading: Bitcoin Exchange Binance Announces Addition of Two New Altcoin Trading Pairs to Spot Trading Platform! Here Are the Details
In a shocking statement that has sent ripples across financial markets, billionaire hedge fund manager Bill Ackman has likened the ongoing U.S. tariff disputes to an ‘economic nuclear war.’ His alarming comments, posted on X, paint a grim picture of the American economy and its standing in global trade. For cryptocurrency investors closely watching macroeconomic trends, Ackman’s perspective offers a critical lens through which to view potential market volatility and economic shifts. Are Tariffs Really an ‘Economic Nuclear War’? Ackman’s dramatic comparison of tariffs to an ‘economic nuclear war’ might seem extreme, but it underscores the severity of his concerns. He argues that while President Trump’s tariff policies may enjoy domestic support, their long-term consequences are devastating. Think of it like this: a nuclear war destroys infrastructure, disrupts supply chains, and leaves long-lasting damage. Ackman believes that tariffs are doing the same to the global economic landscape. Here’s a breakdown of Ackman’s key arguments: Erosion of Trust: Tariffs undermine the U.S.’s credibility as a reliable trading partner. Businesses become hesitant to invest in a nation engaged in what Ackman calls an ‘economic nuclear war’ because the future becomes unpredictable and risky. Investment Freeze: When markets become unstable and the threat of an ‘economic nuclear war’ looms large, new investments grind to a halt. Companies become risk-averse, delaying or cancelling expansion plans. Consumer Spending Decline: Market crashes, often triggered by economic instability like escalating tariffs , lead to a decrease in consumer confidence. People tighten their belts, postponing major purchases and reducing overall spending. Business Contraction and Job Losses: Reduced investment and decreased consumer spending force businesses to cut costs. This often translates to curtailing investments, freezing hiring, and, in the worst cases, firing workers. Small and medium-sized enterprises (SMEs), the backbone of many economies, are particularly vulnerable in such scenarios. Ackman emphasizes that these are not abstract economic theories but real-world consequences that voters will ultimately feel. He urges President Trump to urgently reconsider his tariff policy, warning that failure to do so could plunge the U.S. into a ‘self-induced, economic nuclear winter.’ The Looming Threat of a Trade War The term ‘ trade war ‘ has become increasingly common in recent years, and Ackman’s comments directly relate to this escalating global concern. A trade war essentially involves countries imposing tariffs and other trade barriers on each other’s goods, leading to a cycle of retaliation and escalating tensions. Here’s how a trade war unfolds and why it’s so damaging: Stage Description Impact Initial Tariffs Country A imposes tariffs on goods from Country B. Goods from Country B become more expensive in Country A. Retaliation Country B retaliates by imposing tariffs on goods from Country A. Goods from Country A become more expensive in Country B. Escalation Both countries increase tariffs or impose new trade barriers. International trade between the countries decreases significantly. Businesses face higher costs and uncertainty. Economic Damage Reduced trade, higher prices for consumers, decreased business investment, and potential job losses. Overall US economy and global economy suffer. Ackman’s ‘economic nuclear war’ analogy vividly captures the destructive potential of a full-blown trade war . It’s not just about numbers on a spreadsheet; it’s about real-world consequences for businesses, workers, and consumers. Impact on the US Economy The health of the US economy is a central concern in Ackman’s warning. He argues that tariffs , and the resulting trade tensions, are directly undermining the economic stability of the United States. Consider these potential impacts on the US economy : Increased Costs for Businesses: Tariffs raise the cost of imported goods used by American businesses. This can lead to higher production costs, reduced profit margins, and ultimately, increased prices for consumers. Reduced Competitiveness: American companies that rely on imported components or materials become less competitive in the global market when tariffs increase their input costs. Job Losses in Export-Oriented Industries: When other countries retaliate with their own tariffs , American export-oriented industries suffer. Reduced demand for U.S. goods abroad can lead to production cuts and job losses in sectors like agriculture, manufacturing, and technology. Slower Economic Growth: Overall, trade wars and escalating tariffs act as a drag on economic growth. Uncertainty and reduced trade dampen business investment and consumer spending, leading to a slowdown in economic activity. Ackman’s warning is a stark reminder that protectionist trade policies, while sometimes politically popular, can have significant negative repercussions for the US economy . Potential for a Market Crash One of the most alarming aspects of Ackman’s statement is his prediction of a potential market crash . He explicitly states, ‘When markets crash, new investment stops…’ This highlights the interconnectedness of trade policy, economic stability, and financial markets. Here’s how tariffs and trade wars can contribute to a market crash : Increased Uncertainty: Trade wars create a climate of economic uncertainty. Investors dislike uncertainty, and when it rises, they tend to become more risk-averse, pulling money out of stocks and other risky assets. Reduced Corporate Earnings: Tariffs can negatively impact corporate earnings, especially for multinational companies. Lower earnings expectations can lead to a decline in stock prices, contributing to a market crash . Supply Chain Disruptions: Trade wars disrupt global supply chains, making it harder and more expensive for companies to produce and deliver goods. This can further erode investor confidence and trigger a market crash . Economic Slowdown Fears: As trade wars escalate and economic indicators weaken, fears of a broader economic slowdown or recession increase. This fear can become a self-fulfilling prophecy, leading to a market crash as investors rush to sell assets. While predicting a market crash with certainty is impossible, Ackman’s warning underscores the real risks that escalating trade tensions and tariffs pose to financial market stability. Cryptocurrency markets, often sensitive to macroeconomic shifts, could also experience significant volatility in such a scenario. Navigating the Economic Fallout: Actionable Insights So, what can individuals and businesses do to navigate this potential ‘economic nuclear winter’ scenario? Stay Informed: Keep a close watch on developments in trade policy and global economic indicators. News sources specializing in finance and economics are crucial. Diversify Investments: In times of economic uncertainty, diversification is key. Don’t put all your eggs in one basket. Consider diversifying across different asset classes, including cryptocurrencies, but always with careful research and risk management. Risk Management: For businesses, review supply chains and identify potential vulnerabilities to tariff -related disruptions. Explore diversifying suppliers and markets. Advocate for Free Trade: Engage with policymakers and advocate for trade policies that promote free and fair trade, rather than protectionism and tariffs . Conclusion: A Stark Warning for the Future Bill Ackman’s ‘economic nuclear war’ analogy is undoubtedly provocative, but it serves as a powerful wake-up call. His concerns about tariffs , trade wars , the US economy , and the potential for a market crash are deeply rooted in economic realities. Whether his dire predictions come to pass remains to be seen, but his warning is a crucial reminder of the interconnectedness of global trade and the potential consequences of protectionist policies. For those in the cryptocurrency space and beyond, understanding these macroeconomic risks is essential for informed decision-making and navigating the uncertain economic landscape ahead. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
On April 7th, COINOTAG reported a significant event in the cryptocurrency lending sector. According to monitoring by PeckShield, a particular crypto address that previously used a collateral of 30 BTC
BitMEX co-founder Arthur Hayes has recently stirred up the crypto market with his bold predictions about an interest rate cut by the U.S. Fed ahead. In an X post on April 7, Hayes spotlighted vital dynamics that the market needs to witness for a dovish stance by the central banking authority. “If ur trying to predict when the Fed caves and goes Brrr, watch the bond vol MOVE Index,” the co-founder stated. Arthur Hayes Correlates Fed Rate Cuts With MOVE Index, What’s Happening? The BitMEX co-founder nabbed substantial market attention with his finance lingo, signaling that a Fed rate cut looms as markets take heat in the wake of Donald Trump’s reciprocal tariffs commencement. Notably, Arthur Hayes draws attention to the MOVE Index, a tool that tracks volatility in U.S. Treasury markets. “As it goes higher anyone doing financed treasury or corp bond trades will be forced to sell by higher margin reqs,” he added while pointing towards the index. For context, high spikes in this index signal more stress and uncertainty in bond trading. Therefore, as volatility rises, traders and institutions may have to force sell, bringing further downside risk to prices. “These are the two markets the Fed will defend to death,” Hayes added, pointing towards the Treasury and corporate bond markets. If either of the two takes a severe blow, rate cuts are possible as the Federal Reserve will pivot. Further, the rising odds of a U.S. recession amid Trump’s tariffs saga also add to speculations of a rate cut shortly ahead. Here’s The MOVE Index Level To Watch Primarily, a MOVE Index above 140 is a breaking point where the central banking authority will step in to relieve stress in markets. The MOVE index is currently at 125.71. In short, Arthur Hayes believes that a spike above 140 could spark force mass selling in Treasuries & corporate bonds. This massive selling and downside pressure could prompt a Fed rate cut soon. Arthur Hayes On Trump’s Tariff Impact Simultaneously, the co-founder also spotlighted recent political and market dynamics that came into play post-reciprocal tariffs kick-off. Replying to Pershing Square CEO Bill Ackman, Hayes called on Trump’s supporters and how much skin they had in the financial landscape. “A large % of Trump’s base don’t own lots of financial assets,” the co-founder stated. “I think schadenfreude amongst those who don’t own stonks vs. those who do, is quite strong and hence Trump can go to the mat with these tariffs.” With this comment, the BitMEX lead conveyed that Trump’s core voter base does not have much stakes in stocks, bonds, or other major investments. In turn, there’s a sense of satisfaction among non-investors (who often feel left out or hurt by the financial system) when the market takes a hit and others are impacted. Hence, the Republican can easily push through with these tariffs and trade wars as his base doesn’t care much about Wall Street expectations and the S&P 500, Arthur Hayes added. On the other hand, traders and investors have witnessed a black Monday as this week kicked off. Global markets took a hit with the commencement of Trump’s tariffs. Japan’s Nikkei was down nearly 7%, whereas the S&P 500 also tanked 6%. CoinGape reported that even Bitcoin and major alts crashed 6-12%. The post Arthur Hayes Expects Fed Rate Cuts Soon If This Happens appeared first on CoinGape .
Bitcoin has faced a significant downturn, with its price dropping below $80,000, leading to a $25 billion loss in market value in just 24 hours. Economic factors, including trade tensions
Vaulta, formerly EOS Network, is joining forces with VirgoCX to launch a new stablecoin-powered cross-border payments network as the first major deployment of its Web3 Banking OS. Vaulta, the blockchain ecosystem that recently rebranded from EOS Network , has entered a strategic partnership with Canadian crypto exchange VirgoCX to launch a new stablecoin-powered remittance network called VirgoPay. According to a press release shared with crypto.news, the jointly created new venture will use Vaulta’s blockchain as its default transaction and settlement layer. The service is expected to go live in May and aims to reduce the cost and time of international payments by using stablecoins instead of traditional banking rails. “In addition to being very costly and slow, cross-border payments have always relied on access to traditional banks or financial institutions, which often isn’t an option in areas that lack that necessary and widely available infrastructure.” Yves La Rose, founder and CEO of Vaulta You might also like: EOS price soars 25% on Vaulta rebranding news Per the press release, users could send funds via VirgoPay using local payment methods or directly from crypto wallets, with the ability to choose between multiple fiat currencies. Recipients would reportedly receive payments in their preferred currency once the transfer is complete. At start, the service will be available across select countries, including the U.S., Canada, Hong Kong, Brazil, and Australia, with more to follow later. Adam Cai, the co-founder and CEO of Virgo Group, noted that Vaulta’s vision about web3 Banking is “aligned very well with Virgo’s vision ‘make crypto great for all’,” adding that leveraging stablecoins for payments “is going to be the first killer application for DLT.” Read more: EOS crypto rebrands as Vaulta: chart points to quadruple bottom
On April 7th, COINOTAG reported significant activity involving a prominent crypto investor, identified as a whale, who faced imminent liquidation of their 57,000 ETH holdings. In a last-minute maneuver, the
Solana memecoin platform Pump.fun has revived its live streaming feature, five months after pulling the plug over disturbing misuse. According to the platform’s co-founder Alon Cohen , the feature has returned with stronger moderation tools and “transparent guidelines” in place. For now, it’s only available to 5% of users as part of a limited rollout to test the revamped system. In its new moderation policy , Pump.fun said it’s aiming to strike a balance between creativity and safety with the goal of cultivating a social environment on the platform that “preserves creativity and freedom of expression and encourages meaningful engagement amongst users, free of illegal, harmful, and negative interactions.” The guidelines encourage open expression but crack down on illegal, harmful, or otherwise inappropriate content. That includes bans on violence, animal abuse, pornography, and anything endangering minors. Repeat or severe violations could result in account termination. The platform also reserves the right to make judgment calls on content when necessary, noting that some NSFW material might still appear but will be reviewed on a case-by-case basis using both automated and human moderation tools. You might also like: Raydium’s share of memecoin volume surges in Q1 but Pump.fun’s DEX poses risk The livestream feature was originally pulled in November 2024 after a string of disturbing incidents shook the community . Users had begun using livestreams to make shocking threats, including one case where a user allegedly shared a video appearing to take their own life after their token failed to hit a market cap target. The fallout was immediate. Crypto users, influencers, and safety advocates slammed the platform for not doing enough to prevent harm after Beau, a safety product manager at Pudgy Penguins, brought attention to the aforementioned incident and criticized the platform on X. Hey @pumpdotfun there is currently someone using your livestreams to threaten to hang themselves if the coin does not reach a set marketcap. Absolutely heinous and It needs to come down + see if you can get them help. Shut down the livestream feature. This is out of control. — Beau (@beausecurity) November 25, 2024 In response, Pump.fun issued a community message acknowledging the damage, expressing regret, and outlining new steps to address moderation gaps. They doubled the number of human moderators, introduced smarter automated filters, and added support resources for viewers impacted by the livestreams. Now, with a cautious relaunch and new safeguards in place, Pump.fun says it’s committed to rebuilding trust while giving creators a safe space to connect with their audience. Many in the community praised Pump.fun’s revised approach and expressed optimism about its future role in memecoin activity. See below. happy to see this back and strong rollout based on learnings. looking forward to see round 2! — jacob (@js_horne) April 4, 2025 The latest rollout comes as Pump.fun struggles to regain momentum following a sharp drop in revenue and user engagement . As previously reported by crypto.news, the platform’s daily fees recently hit a four-month low, with data showing a 94% drop since January. Much of the slowdown has been linked to a fading memecoin frenzy that has cooled significantly since January. Read more: Pump.fun launches native DEX dubbed PumpSwap
In a stark illustration of the cryptocurrency market’s volatility, an Ethereum whale has reportedly suffered a staggering $106 million loss in Maker (MKR) tokens during a recent market downturn. The substantial loss highlights the risks associated with large-scale cryptocurrency holdings, particularly during periods of market instability. Details of the Significant Loss The affected whale, holding … Continue reading "Ethereum Whale Loses $106M Maker in Crypto Bloodbath" The post Ethereum Whale Loses $106M Maker in Crypto Bloodbath appeared first on Cryptoknowmics-Crypto News and Media Platform .
The cryptocurrency market is known for its thrilling highs and nerve-wracking lows. Just when you think you’ve seen it all, another wave of Bitcoin volatility hits, sending prices on a rollercoaster ride. It’s in these moments of market turbulence that the true mettle of investors is tested. Simon Gerovich, the CEO of Metaplanet, a Japan-based firm deeply invested in Bitcoin, recently shared his perspective on this very phenomenon, offering a powerful reminder to the crypto community. His message? Price drops are not just dips; they are a test of conviction . Why Bitcoin Volatility is a Feature, Not a Bug Gerovich took to X (formerly Twitter) to share his insights, emphasizing that focusing solely on price drops misses the bigger picture. He argues that Bitcoin volatility is inherent to its very nature – an asset that is scarce, decentralized, and built for the long haul. But what does this really mean for you, the investor? Scarcity Breeds Volatility: Bitcoin’s limited supply of 21 million coins makes it inherently scarce. This scarcity, a core tenet of its value proposition, also contributes to price swings. Think of it like rare collectibles – limited availability can lead to dramatic price fluctuations based on demand. Decentralization and Price Discovery: Unlike traditional assets influenced by central banks or government policies, Bitcoin’s price discovery happens in a decentralized, 24/7 global market. This lack of centralized control can amplify volatility as market sentiment and global events rapidly impact prices. Long-Term Vision in a Volatile World: Gerovich highlights that Bitcoin is built for long-term value . This perspective is crucial. Short-term price fluctuations are noise in the grand scheme of Bitcoin’s potential as a store of value and a transformative technology. The Metaplanet CEO’s Perspective: Staying Grounded Amidst the Storm Metaplanet CEO , Simon Gerovich, isn’t just talking the talk; his company, Metaplanet, is actively walking the walk. Based in Japan, Metaplanet has made headlines for its significant Bitcoin investment strategy, adopting Bitcoin as a core treasury asset. This move signals a strong belief in Bitcoin’s long-term potential, even amidst market fluctuations. Gerovich’s public statements reinforce this conviction, urging investors to adopt a similar mindset. His key advice can be summarized into actionable steps: Stay Informed, Not Panicked: Knowledge is your best weapon against fear. Understand the factors driving market movements, but don’t get swept away by emotional reactions to short-term price swings. Understand the Mechanisms: Delve deeper into how Bitcoin works – the blockchain, mining, consensus mechanisms, and its economic model. A solid understanding builds confidence. Continuous Learning is Key: The crypto space is constantly evolving. Commit to continuous learning to stay ahead of the curve and make informed decisions. Is Crypto Conviction Enough? Balancing Belief with Strategy While crypto conviction is essential, it’s crucial to balance unwavering belief with sound investment strategies. Blind faith without understanding and risk management can be detrimental. So, how do you cultivate informed conviction? Aspect Description Actionable Insight Due Diligence Thoroughly research projects, understand the technology, and assess the team behind them. Don’t invest based on hype alone. Dig into the fundamentals. Risk Management Diversify your portfolio, allocate appropriately, and never invest more than you can afford to lose. Volatility works both ways. Protect yourself from significant downturns. Long-Term Perspective Focus on the long-term potential of the technology and its adoption, rather than short-term price charts. Zoom out and see the bigger picture. Bitcoin’s journey is a marathon, not a sprint. Community Engagement Engage with the crypto community, learn from experienced investors, and stay updated on market trends. Knowledge sharing and community support can be invaluable. Examples of Crypto Conviction Paying Off History is replete with examples where holding onto crypto conviction through periods of intense volatility has yielded significant rewards. Consider these instances: The 2013 and 2017 Bitcoin Bubbles: Both periods saw massive price surges followed by dramatic corrections. Investors who sold during the dips missed out on subsequent rallies to new all-time highs. The 2020-2021 Bull Run: Following the March 2020 market crash, Bitcoin embarked on a historic bull run. Those who maintained their conviction and accumulated during the downturn reaped substantial gains. Institutional Adoption: Companies like Metaplanet, MicroStrategy, and Tesla have demonstrated strong crypto conviction by allocating portions of their treasury to Bitcoin, signaling a long-term belief in its value proposition. Actionable Insights: Building Your Own Crypto Conviction Ready to strengthen your own crypto conviction ? Here are some actionable steps inspired by Metaplanet CEO’s message: Educate Yourself Deeply: Go beyond surface-level news. Read whitepapers, explore blockchain technology, and understand the economic principles behind cryptocurrencies. Develop a Long-Term Investment Thesis: Define your reasons for investing in crypto. Is it for diversification, inflation hedging, technological disruption, or something else? A clear thesis provides a compass during volatile times. Practice Dollar-Cost Averaging (DCA): Instead of trying to time the market, invest a fixed amount regularly. DCA helps smooth out volatility and reduces the emotional impact of price swings. Join Reputable Crypto Communities: Surround yourself with like-minded individuals, learn from experienced investors, and participate in constructive discussions. Review and Reassess Regularly: The crypto landscape evolves rapidly. Periodically review your investment thesis and adapt your strategy as needed, but avoid knee-jerk reactions to short-term market noise. Conclusion: The Enduring Power of Crypto Conviction In the volatile world of cryptocurrencies, crypto conviction is not just a buzzword; it’s the bedrock of long-term success. As Metaplanet CEO Simon Gerovich aptly points out, price drops are inevitable, but they are also opportunities to test and strengthen your resolve. By staying informed, understanding the underlying principles, and maintaining a long-term perspective, you can navigate the waves of Bitcoin volatility and position yourself to benefit from the transformative potential of this groundbreaking asset class. Remember, true conviction is forged in the fires of volatility, and it’s this unwavering belief that can ultimately lead to lasting rewards in the crypto space. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.