On April 6th, COINOTAG reported that according to data from EmberCN, a prominent whale address executed a significant transfer of 778.5 BTC, valued at approximately $64.33 million, to Binance just
With new price targets circulating, the 2025 crypto market is heating up. Some are predicting Bitcoin (BTC) could stretch to $250K, while others are looking at XRP crossing $7. But among all the projections, a rising name is gaining traction—MAGACOINFINANCE, a project that now has eyes on a potential $1 target as its launch window nears. While this speculation builds, established projects like TON, ADA, and SUI are holding strong, continuing to expand their ecosystems and remain key components of the evolving crypto narrative. CLICK HERE TO JOIN THE BILLION DOLLAR PROJECT MAGACOINFINANCE – Community-First Project With Strong Market Energy MAGACOINFINANCE has now raised over $5.3 million, placing it among the most talked-about new offerings this year. Built on principles of fairness and transparency, the project has no private allocations, no early-access groups, and a hard-capped 100 billion token supply. What’s driving interest isn’t just the low price—it’s the structure. This isn’t a launch that favors insiders. Instead, it’s open to everyone, allowing investors to participate equally and early. With growing momentum in trading communities and forums, traders are lining up before listings hit. The interest in MAGACOINFINANCE isn’t just about speculative targets. It”s about backing a project that aligns with community-first values and a clean distribution model. It’s a setup designed to reward those who spot value before the crowd arrives. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH CO-DE MAGA50X 50% BONUS STILL ACTIVE – USE CO-DE MAGA50X The bonus offer is still live: use the MAGA50X to secure 50% more tokens on every purchase. With allocations nearing completion, this opportunity is vanishing fast—especially as demand continues to spike heading into the listing window. TON, ADA, and SUI – Expanding Their Reach in 2025 TON is growing its mobile-first blockchain ecosystem, integrating with real-world applications. Cardano (ADA) continues to roll out technical upgrades through its research-based development model. SUI stands out as a high-speed, developer-friendly network gaining early traction. JOIN A BILLION DOLLAR PROJECT — THIS IS YOUR EARLY ENTRY BEFORE EXCHANGE LAUNCH Conclusion With bold forecasts surrounding Bitcoin, XRP, and MAGACOINFINANCE, investors are watching closely to see which projects could deliver in 2025. The clean rollout and active community support behind MAGACOINFINANCE give it a strong foundation, while TON, ADA, and SUI continue to build steadily across their own use cases. For those looking to position early, this window may not stay open much longer. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: $10K Dream Portfolio? XRP, Bitcoin (BTC), and Ethereum in the Spotlight
Hayes stated that countries would shift from U.S. treasuries and stocks toward gold and bitcoin as “neutral” hedges as part of an adaptation process to pre-1971 trade relationships. Arthur Hayes States Gold and Bitcoin Will Be the Best Hedges in Tariff Led New Trade Order More and more analysts are predicting a shift in the
Solana has continued to attract deposits and hold its #2 position as far as TVL (Total Value Locked) is concerned. Despite $SOL’s falling price, its TVL numbers in April were the highest they have been since June 2022, showing investors’ belief in the Solana ecosystem. Keep reading to find out the real significance behind Solana’s rising TVL, why it’s a good time to be bullish on it, and how you can maximize your earnings by investing in the best meme coins . Understanding Solana’s Falling Price Solana has fallen by more than 60% since mid-January, after making a high of $290. It’s now trading at around $120 and has tested its support of $113 twice. The last 7 days have also seen a sharp 15% decline, which can be attributed to Solana’s unlocking event on April 4th. Around 1.79M staked tokens, which were staked at $23, became available for trading on 4th April. This led to significant selling pressure, which pushed Solana down to its resistance levels. After a 60% decline in the first quarter, investors were keen to book some returns on the staked tokens. Solana Steady in Choppy Waters At a time when cryptocurrencies, especially meme coins, have taken a hit, Solana has been doing pretty well. Although the price is down, deposits on the network are on the rise. Solana dApps deposits reached 53.8M SOL – a 14% month-on-month increase. In terms of DEX volumes, too, Solana has been quite strong against the likes of Tron, BNB Chain, Arbitrum, and Base. It now holds a market share of 24%, thanks to its integrated Web3 user experience and emphasis on base layer scalability. $SOL is, in fact, only marginally behind Ethereum, which has a market share of 26%. The recent crypto dip has been a great opportunity for investors to jump in at some really low prices, and Solana has been no exception. More funds flowing into Solana is a reconfirmation of investors’ trust in the network – and potentially even the future of meme coins and altcoins. With the fundamentals growing strong, it’s only a matter of time before we see the prices pushing up as well. If you’re looking to join the crypto bandwagon, this could be a perfect time. Here are three top cryptos that are in a pole position to benefit from Solana’s upcoming rise. 1. Solaxy ($SOLX) – Best Meme Coin Right Now Thanks to First-Ever L2 for Solana If you wish to ride Solana’s growth, there’s hardly a crypto project better than Solaxy ($SOLX) . That’s because it won’t just feed on Solana’s meme coin-friendly infrastructure, but it plans on making the blockchain network better than ever. Solana currently struggles with several issues that have hindered its growth and stopped it from reaching its true potential. The insane popularity of $TRUMP, $MELANIA, and meme coin launchpad Pump.fun overloaded Solana. As a result, the network became congested, and transactions started failing. Solaxy is building the first-ever Layer 2 scaling protocol on Solana. It will combine Ethereum’s liquidity and Solana’s speed to create a hyper-efficient meme coin infrastructure on Solana. According to Solaxy’s whitepaper , this multi-chain token will process a bunch of Solana’s transactions on a sidechain, thereby reducing weight on the network’s mainnet. What’s more, early buyers of $SOLX can also stake their tokens and earn 139% in staking rewards. Solaxy is currently in presale, where it has amassed a mind-boggling $29.2M so far. You can join one of the best crypto presales this year for just $0.001686 per token. Here’s a detailed guide on how to buy $SOLX . 2. BTC Bull Token ($BTCBULL) – Best Crypto to Buy for Bitcoin Maximalists While Solaxy could single-handedly be the reason we see a huge spike in meme coin activity, the fact remains that Bitcoin plays a massive role in deciding the larger crypto market’s direction. And with $BTC projected to cough up new highs sooner rather than later, the time is ripe to invest in a Bitcoin-themed meme coin like BTC Bull Token ($BTCBULL) . $BTCBULL’s specialty is that it’s the ONLY crypto offering free (and real) $BTC to its token holders as rewards. It’s worth noting that other meme coins typically offer a handful of ecosystem benefits or more of their own tokens as loyalty rewards. However, BTC Bull Token has raised the bar by pledging to give away Bitcoins to $BTCBULL holders who store their tokens in Best Wallet . These giveaways will take place every time Bitcoin surges past a new landmark number, such as $150K, $200K, and $250K, for the very first time. We also like that the developers have reserved 40% of the total token supply for marketing purposes. Combined with regular token burn events, there seems to be a strong plan in place to ensure $BTCBULL is always among the top trending cryptos . Currently in the early stages of its presale, BTC Bull Token has raised over $4.4M. You can join the tribe by paying just $0.00245 per $BTCBULL. Here’s how to buy it . 3. Fartcoin ($FARTCOIN) – Community-Backed Meme Coin Posting Massive Returns Like Dogecoin, Fartcoin, too, owes its existence and popularity to the tech billionaire Elon Musk. That’s because it was created upon a suggestion by Truth Terminal, an AI chatbot. The bot explained that having a meme coin based upon Musk’s amusement with fart jokes could be a good idea. And indeed it was! $FARTCOIN is, in fact, one of the most profitable meme coins of this year, having gained over 66% in the last month – and an otherworldly 919,000% since its launch in October last year. The project rewards users with free $FARTCOIN tokens for submitting hilarious fart jokes. What’s more, every time you make a transaction, you’ll be greeted with an amusing fart sound. $FARTCOIN is currently trading at $0.4599 – up 9.5% in the last seven days. More importantly, the token looks like it’s now moving away from the lows it made in its February crash, when it dumped around 90%. It’s, therefore, one of the best cheap cryptos to buy right now . Bottom Line To conclude, Solana is looking like a million dollars thanks in part to Solaxy ‘s revolutionary roadmap for the network. However, the fact remains that despite any degree of bullishness, the market, including the best altcoins , guarantees nothing. Therefore, we recommend only investing a small amount. Also, kindly do your own research and due diligence before becoming a crypto investor. Our articles aren’t financial advice.
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A recent study by Atmos positioned the United States as a worldwide frontrunner among nations for digital asset support and integration. The nation’s commitment to blockchain technology sets a precedent for tokenization/digital payment integration of the global financial sector with a progressive regulatory approach, according to a study by BoxBet. You might also like: US leadership in crypto: The focus is on stablecoins | Opinion Indeed, many large US banks such as J.P. Morgan, Citibank and other large banks such as UBS, Société Générale, the Swiss Banking Association, Banque de France, UK Regulated Liability Network, HSBC, Standard Chartered, Barclays, Lloyds, DZ Bank, Deutsche Bank, Commerzbank, Unicredit, SBI Holdings, Hitachi, SHIZUOKA BANK, TIS, NSD, Fujitsu, KDDI, MUFG Bank, Higo Bank, Kagoshima Bank, GMO Financial Holdings have launched digital asset services departments fueling the tokenization trend of the financial sector. Adopting new digital technologies enables financial institutions to considerably reduce operating costs, enhance transparency, and offer innovative services. Vivek Raman, CEO of Etherealize, states: “ Tokenized deposits will be the largest unlock for liquidity movement within banks. While stablecoins were the first instance of mass product-market fit for the blockchain ecosystem, stablecoins are not capital efficient. Tokenizing deposits (which could be IOUs or earn interest) allows for more capital-efficient movement. We are already seeing that with SAB 121 being repealed, the desire for banks to hold tokenized assets is increasing. We think the default choice—the safest, most secure blockchain ecosystem to hold tokenized assets—is within the Ethereum economy .” You might also like: The US focus is on tokenization friendly accounting rules | Opinion What are tokenized deposits? Tokenized deposits are a token representation of the traditional commercial deposits that have been converted into digital tokens on a blockchain network, where each token is backed by a retail or institutional deposit. It involves the conversion of traditional financial assets such as a certificate of deposit, or a savings account into a digital token that offers investors potential benefits like faster 24/7 round the clock transactions with smart contracts used to automate interest rates, increased liquidity, fractional ownership, transparency—eliminating any possibility of fraud or manipulation. Instead of holding physical cash or keeping money in a bank account, investors can hold digital tokens representing their certificate of deposit or savings account amount on a secure and decentralized ledger by empowering them to participate in the digital asset ecosystem, ultimately leading to cost savings. For example, a tokenized certificate of deposit is a digital representation of a traditional CD, which is a fixed-term cash investment with a guaranteed interest rate of return, adapted into a token that the investor can freely trade on various digital asset exchanges or platforms similar to other digital assets that are regulated under the same framework as traditional bank deposits, focusing on ensuring the underlying bank’s stability and compliance with existing regulations. This gives investors more flexibility and liquidity than a certificate of deposit, which often has an early redemption penalty. Universal Digital Payments Network’s tokenized deposit platform Last year, after running over a dozen proofs of concept, or PoC, with multiple global banks, technology companies, and intergovernmental organizations, UDPN launched two digital asset management systems for commercial use, designed to reshape the landscape of digital payments and assets in the financial sector: Tokenized deposit/stablecoin management system : Designed for both commercial banks and regulated stablecoin issuers, it streamlines the entire lifecycle of tokenized deposits and stablecoin services—from issuance to operation, including advanced interoperability features. Digital asset tokenization system : Provides a robust platform for financial institutions, such as banks and investment firms, to tokenize real-world assets and manage them within a regulated environment. Operating a digital asset system involves complex lifecycle management. These new digital asset systems—tokenized deposit/stablecoin management system and digital asset tokenization system—easily integrate into core banking systems and can be installed in a bank or a stablecoin operator’s on-premises or cloud environment to ensure compliance and security in a regulated environment. UDPN’s solutions efficiently link to legacy systems via APIs, ensuring seamless interoperability with traditional banking infrastructures and other digital asset systems within regulated frameworks, granting institutions full data sovereignty and the flexibility to choose their underlying infrastructure and deploy digital assets and tokens on any public or private blockchain. Both solutions allow the optional ability to interoperate with other regulated digital currency systems through UDPN’s infrastructure. This feature promotes seamless collaboration and integration within the digital asset ecosystem. As regulatory scrutiny intensifies around stablecoins and digital assets globally, UDPN’s platforms offer a robust and compliant framework tailored for operation within regulated financial environments. Source: UDPN Tim Bailey, VP of Global Business and Operations, Red Date Technology, explained: “ Financial institutions and banks are embracing innovation to stay ahead by utilizing UDPN’s cutting-edge tokenized deposit/stablecoin management system and digital asset tokenization system to forge the future of tokenized banking. This chart [above] is a general comparison between different types of digital currencies, such as tokenized deposits vs. stablecoins vs. retail and wholesale CDCs, not necessarily the capabilities of UDNP’s tokenized deposit/stablecoin management system .” Read more: The focus is on strengthening US leadership in crypto tech | Opinion
Cardano price has crashed by over 51% from its highest level in November last year, and technicals point to a further downside. Cardano ( ADA ) was trading at $0.646 on Sunday, bringing its market cap to over $22.7 billion. The recent decline is mostly in line with the performance of other cryptocurrencies. Its top comparable tokens, like Solana ( SOL ), Binance Coin ( BNB ), and Avalanche ( AVAX ), have all moved into a bear market. You might also like: ‘Shock’ Fed warning risks crashing Bitcoin, altcoin prices Cardano navigates death cross There is a risk that the ADA price will continue downward in the next few weeks as a death cross pattern nears. A death cross forms when the 200-day and 50-day Exponential Moving Averages cross each other while pointing downwards. In Cardano’s case, the spread between the two moving averages has narrowed in the past few months. The 200-day MA stands at $0.729, while the 50-day one is at $0.736. The spread stood at over 20% a few weeks ago. A death cross often leads to a substantial decline over time. For example, the last time that Cardano price formed this pattern was in May last year, and the coin dropped by over 40%. The opposite of a death cross is known as the golden cross. Cardano formed this cross in November last year, leading to a nearly 200% price surge. Worse, Cardano has also formed a descending channel comprising a series of higher lows and lower highs. It also formed a head-and-shoulders pattern, a popular bearish continuation sign. Therefore, if the death cross pattern forms fully, the coin will likely continue falling in the next few days. If this happens, the next potential target will be $0.515, its lowest level in February this year. Cardano price chart | Source: crypto.news ADA faces major fundamental challenges Cardano price faces some major fundamental challenges too. The most visible one is that its ecosystem dwarfs that of other blockchains. The total value locked in the network has dropped to $314 million. In contrast, other recently launched chains with much smaller market caps, like Berachain, Sonic, Sui, and Sei have much higher assets in their DeFi networks. Berachain has over $2.97 billion in assets, while Sui has $1.2 billion. The same is true with Cardano’s stablecoin assets, a notable figure since all transactions in the blockchain industry are conducted in these tokens. Cardano has just $30 million in stablecoins compared to Berachain’s $1.3 billion and Sonic’s $576 million. Further, some of the most anticipated Cardano catalysts have not happened. For example, its integration with BitcoinOS , which was announced in October last year, has not been launched. Also, it is unclear whether the much-anticipated meeting between Cardano founder Charles Hoskinson and a VIP happened and its outcomes. While a potential ADA ETF is a positive catalyst, the ongoing ETH ETF outflows indicate that investors are largely interested in spot Bitcoin funds alone. Read more: Pi Network price goes parabolic as wedge pattern activates
Thousands May Miss Out on Billions in Repayments Nearly 392,000 FTX users may forfeit a combined $2.5 billion in crypto repayments after failing to initiate Know Your Customer (KYC) verification, according to an April 2 filing in the U.S. Bankruptcy Court for the District of Delaware. Initially due by March 3, the deadline for starting the KYC process has now been extended to June 1, 2025. However, users who don’t meet the new deadline risk having their claims disallowed and permanently expunged. Claims Breakdown and What’s at Stake Court documents reveal that claims under $50,000 account for approximately $655 million, while claims exceeding $50,000 could total $1.9 billion — bringing the total at-risk funds to over $2.5 billion. FTX is preparing its next repayment round on May 30, targeting over $11 billion in repayments. Under the recovery plan, 98% of creditors are expected to receive at least 118% of their original claim in cash. How to Complete the KYC Process FTX users encountering issues with the verification process are advised to email FTX support at support@ftx.com to receive a ticket number. They must then: Log in to the FTX support portal Create an account Re-upload required KYC documents An April 5 post from Sunil, an FTX creditor and Customer Ad-Hoc Committee member, confirmed that affected users can resubmit their applications to restart the process. Industry Impact and Recovery FTX’s collapse marked a low point for crypto markets, triggering widespread bankruptcies and prolonged market downturns. Despite the turmoil, over $1.2 billion was already repaid in February by FTX Digital Markets, the Bahamian subsidiary. Though not market-moving in itself, the start of repayments signals a recovery phase for the crypto industry, with many expecting a significant reinvestment into digital assets as confidence rebounds.
Dubai, UAE, April 4th, 2025, Chainwire BNB Chain , the community-driven blockchain ecosystem, has announced the 16 early-stage projects selected for season 9 of the Most Valuable Builder (MVB) Accelerator Program . The 4-week accelerator program is jointly run by BNB Chain , YZi Labs , and CMC Labs . MVB continues with its goal of providing early-stage Web3 builders with the resources and support needed to thrive within the BNB Chain ecosystem to align with BNB Chain’s mission of onboarding the next billion Web3 users. Season 9 will officially kick off on the 5th of April with a 2-day offline event in Hong Kong to coincide with the Hong Kong Web3 Festival and BNB Super Meetup , offering participants the chance to connect with peers, mentors, and guest speakers. Throughout the program, founders and core team members from each project will have access to a curriculum covering key topics to address early-stage Web3 project needs, such as tokenomics design, fundraising strategies, building teams, and talent. The season will conclude with a YZi Labs investment based on Demo Day pitches and project performance throughout MVB. On April 24 , participants can tune in from anywhere in the world to watch the Demo Day from promising companies in the Web3 space as they showcase their innovative projects. 48 projects were incubated in last year’s MVB program (season 7 & 8). MVB continues to be a highly competitive program, with Season 9 receiving over 500 applicants. A selective process admitted 16 MVB Season 9 Accelerator teams, listed alphabetically by sector: AI BitGPT is a decentralized network for AI Agents. Datai Network is the data layer powering on-chain AI, by transforming raw blockchain data into structured, AI-ready intelligence. Echopy is the leading AI Portfolio Optimizer on BNB Chain, analyzing market trends and data. Eurexa AI is the first on-chain tokenization platform for robotics. Everlyn is building one of the fastest video generators for Web3. JoJoWorld is a decentralized AI Spatial 3D data platform. Super Protocol is a collaborative, confidential AI marketplace. TermiX is an AI-driven Web3 OS, providing seamless integration of AI Agents as well as a zero-code Agent creation. DeFi BitFi is the CeDeFi destination to maximize the value of your BTC holdings via a native real-yield bearing BTC solution. LIKWID is the first fully permissionless, oracle-less, margin trading protocol. DePin XPIN is an AI-powered consumer DePIN platform, blending decentralized wireless technology with user-centric innovation. DeSci Citadel Labs is a launchpad to fund multiple deep technology projects. Stadium Science is a prediction market platform designed to accelerate scientific research. Gaming and Entertainment Oneverse is a premier Web2 games marketplace in Southeast Asia, bridging traditional gamers to Web3. TCOM Global is a global decentralized IP governance protocol, revolutionizing content creation through the fusion of AI & Web3. Infra: Pieverse is a decentralized Time Economy Layer redefining human attention and engagement aggregation. Sarah S, Head of Business Development at BNB Chain, said, “BNB Chain is pleased to continue our collaboration with YZi Labs and CMC Labs for another season of MVB, supporting a new cohort of talented Web3 builders. MVB offers a unique opportunity for projects to connect with industry leaders and access the mentorship and resources they need to grow and take their next step for success. ” “YZi Labs remains committed to supporting visionary founders who are building the future at the intersection of technology and impact. MVB Season 9 brings together some of the most promising early-stage projects in Web3, equipping them with the mentorship and resources needed to refine their strategies and scale effectively. We look forward to identifying and backing standout teams that demonstrate strong fundamentals and long-term potential,” said Alex Odagiu, Investment Director, YZi Labs. “CMC Labs is excited to continue our partnership with BNB Chain and YZi Labs for Season 9 of the MVB Accelerator Program. MVB 9 offers an unparalleled opportunity for innovative Web3 builders to access top-tier expertise, resources, and investment from industry leaders. We are eager to support the selected projects and witness their growth and success.” - Rush, CEO of CoinMarketCap. At the end of the 4-week accelerator, the 16 project teams will showcase and pitch their projects to investors at Demo Day. YZi Labs will make an investment decision on selected top-performing project teams. Users can follow YZi Labs , BNB Chain , and CoinMarketCap on X for the latest news on MVB 9. *Admission into the MVB Accelerator Program does not equate to any investment in the projects. YZi Labs will make a final investment decision at the end of the MVB program. About BNB Chain BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of: BNB Smart Chain (BSC) : A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain. opBNB : A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds. BNB Greenfield : Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces. Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program . For more, users can follow BNB Chain on X or start exploring via their Dapp library . About YZi Labs YZi Labs manages over $10 billion in assets globally. Their investment philosophy emphasizes impact first— they believe that meaningful returns will naturally follow. They invest in ventures at every stage, prioritizing those with solid fundamentals in Web3, AI, and biotech. YZi Labs’ portfolio covers over 250 projects from over 25 countries across six continents. More than 65 of YZi Labs’ portfolio companies have gone through their incubation programs. For more information, users can follow YZi Labs on X . About CMC Labs CMC Labs is CoinMarketCap’s selective accelerator program for startups, supporting Web3 entrepreneurs with a range of expert services, including awareness raising, social amplification, bespoke content, and networking opportunities with top-tier ecosystems, VCs, market makers and mentors. To learn more, users can visit CMC Labs. Contact PR BNB Chain pr@bnbchain.org
XRP price hits very important zone, one where you worry about possible scenarios
Elon Musk is behind the numbers. Behind the plan. Behind the policy. He didn’t say it directly, but it’s clear now: the new wave of tariffs hitting every corner of the planet didn’t come from Trump alone. Elon helped design them. From the math behind the percentages to the backdoor strategy shaping the administration’s trade war, Elon is no bystander. And while he’s avoided saying it out loud, the fingerprints are his. As we all know, Elon is now Donald Trump’s closest friend in the White House, temporarily running the department Trump made up and called the “Department of Government Efficiency” or D.O.G.E. He’s been working inside the administration since January after he funded Trump’s campaign with hundreds of millions of dollars. Musk clashes with Navarro as Europe prepares counterattack on Trump Elon’s voice hasn’t been loud, but it’s been constant. Over the weekend, he appeared by video link at a gathering of Italy’s right-wing League party. In that appearance, Elon said he wanted the U.S. and Europe to build a “zero-tariff” free-trade zone, adding, “Both Europe and the United States should move, ideally, in my view, to a zero-tariff situation, effectively creating a free-trade zone between Europe and North America.” Elon directed the comment to Italian Deputy Prime Minister Matteo Salvini. He also called for more worker mobility between the U.S. and Europe, though he didn’t say whether that advice was related to tariffs or immigration. That’s not the only advice he’s been giving. Elon has been in and out of the Oval frequently, giving Trump economic input, despite not being directly involved in official trade policy. Trump even said this week that Elon may leave the White House “in a few months,” but until then, he’s in the loop. While Elon has backed the broader direction of Trump’s trade policies, he’s also taken swipes at others shaping the approach. On Saturday, he took a shot at Peter Navarro, a former White House economic adviser from Trump’s first term. Elon wrote on X that Navarro’s Harvard degree was “a bad thing” and criticized him for “never building anything.” Navarro has long supported extreme tariffs and helped write past trade actions. Elon clearly wants everyone to know this round wasn’t Navarro’s work. Mark Cuban called Elon out directly. “Hey Elon, you may be the greatest manufacturing builder of all time. Did you need protective tariffs in order to manufacture in the USA?” he wrote. He pointed instead to private capital, Elon’s own investment, and government incentives as the real fuel behind his manufacturing success. Mark added, “By the way, what I respect most about you is that you go all in with your own money for your startups. Most people don’t have the balls to do it.” After someone asked him about the strategy behind the tariffs, Mark answered, “If the hierarchy of goals by Elon is to reduce the deficit first, and everything else is tied for last, the path of least resistance is for DOGE to make dramatic cuts and to implement tariffs like this.” Mark said the idea is to tank the economy enough to force the Federal Reserve to lower interest rates. But that plan is risky. “The problem with the strategy is that tariffs at this level are incredibly inflationary. So the Fed can’t just cut rates, it would make inflation worse. And slow the economy down even further.” President Donald Trump with Elon Musk in the Oval Office. (Official White House Photo by Daniel Torok) Mark also raised another problem. “Let’s say China and the rest of the world comes back and says we will do zero tariffs on American goods, with no other manipulation, if the USA does the exact same thing. So no tariffs or shenanigans either way. I’ll ask you. Should he say yes?” While Mark doubts it’ll work, Elon is still pitching that zero-tariff dream. But that dream is in total conflict with the reality he’s helped create: a trade war with almost every major economy. And Tesla, his own company, isn’t immune. Tesla builds cars in California and Texas, so it’s less exposed than others to the new auto tariffs. Still, Elon said the company’s operations in China could take a hit. Elon is still publicly acting like he’s not leading trade policy. But the evidence says otherwise. Trump’s tariff percentages were literally calculated using the trade deficit numbers. That kind of math isn’t Peter Navarro’s style. Wonder who would incite and enable this ludicrousness. Elon is expected to step away from his White House advisory role once his 130-day stint ends—but the damage is done. His ideas are already locked into Trump’s policy.