Bitcoin surged unexpectedly close to its all-time high after Federal Reserve notes. Coinbase announced listings of SKY and USDS, boosting market interest. Continue Reading: Bitcoin Surges Close to All-Time High as Coinbase Lists New Altcoins The post Bitcoin Surges Close to All-Time High as Coinbase Lists New Altcoins appeared first on COINTURK NEWS .
The world's largest cryptocurrency, Bitcoin, has renewed its all-time high price record after a long break. The previous all-time high price record for Bitcoin was $111,900, according to the averages of cryptocurrency exchanges. On Binance, Bitcoin broke that record at $111,999. Chart showing BTC price breaking record. The trigger for the record-breaking move is attributed to the fact that US President Donald Trump’s tariff threats are no longer being taken seriously by markets. The tariffs were last postponed to August 1, as they were previously. *This is not investment advice. Continue Reading: BREAKING: Bitcoin Price Breaks All-Time High Price Record – The Great Bull Awakens
The Linqto drama continues this week with a new court filing targeting the former CEO of the company, William Sarris. According to reports, popular Ripple advocate, John E. Deaton has filed a securities fraud class action against Sarris on behalf of thousands of retail investors, even as the company’s shareholders move to fight an effort by its new management to reorganize the troubled company in bankruptcy. Excerpts from Linto’s Chapter 11 bankruptcy filings. Source: @_RKConsultants (X/Twitter) Executive accused the company of internal and systemic compliance failures The suit Deaton filed accuses Sarris of orchestrating a multi-year scheme with undisclosed markups (as high as 60%), misleading exemptions, and unlicensed sales tactics to peddle shares in private companies like Ripple and Kraken via SPVs on Linqto’s platform . The filing alleges Sarris ignored internal legal memos in 2023 and 2024 that warned that the offerings violated multiple SEC and FINRA rules, including acting as an unregistered broker-dealer as well as running unregistered investment companies. According to Deaton, the lawsuit targets Sarris personally and is not subject to bankruptcy protections. The lawyer also vowed that any recovery from liability insurance or settlement will go toward trying to make innocent investors whole. The filing comes several months after another lawsuit by former Chief Revenue Officer Gene Zawrotny in October 2024. Zawrotny alleged internal and systemic compliance failures, and claimed that he was dismissed after raising concerns. Linqto has now filed for Chapter 11 bankruptcy, amid SEC and FINRA investigations, citing “serious defects” in its corporate structure and operations that raised questions about what customers actually own. However, new managers of the company have vowed to resist any claims. Linqto shareholders to fight bankruptcy Managers who took over in recent months have put Linqto under court protection in Houston due to the scandal. Sapien Group, an Australia-based investment firm, has said it has the support of 52% of shareholders for its campaign to challenge current managers in bankruptcy. To that end, Sapien has consulted bankruptcy lawyers it hired for advice on whether to try to dismiss the Chapter 11 petition or take other action. Regardless of what happens, they claim to have an unchanged objective, which is to preserve the value of Linqto and the value of the shareholders’ investments. Meanwhile, the US Securities and Exchange Commission’s (SEC) investigation into Linqto and whether its former managers failed to do due diligence to ascertain if its customers were accredited investors with sufficient financial backing to invest through the company continues. According to company bankruptcy attorney Samuel A. Schwartz, Linqto’s advisers are planning to use the bankruptcy process to raise funds to repay customers and other creditors. However, before it presents a detailed proposal to creditors for a vote, the company will try to negotiate a bankruptcy payout plan with regulators. “We think we have significant resources to make distributions to customers,” Schwartz told US Bankruptcy Judge Alfredo R. Perez. It now has a $60 million loan lined up from Sandton Capital Partners to fund its Chapter 11 bankruptcy, a loan it says it needs because very little cash has been generated by the business since it suspended its operations in March. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
BITCOIN TRADES ABOVE PREVIOUS ALL-TIME-HIGH OF $112,000 FOR THE FIRST TIME SINCE MAY 22ND $BITCOIN #BITCOIN
Ripple has announced it will be working with banking giant BNY Mellon to custody its proprietary stablecoin, RLUSD . In a new press release , BNY Mellon, a bank with approximately $2 trillion in assets under management, says that Ripple has selected the 241-year-old firm to be the primary custodian of RLUSD. According to BNY Mellon, the bank will also provide Ripple with transaction banking services. The bank says the partnership will boost interoperability between dollar-pegged crypto assets and traditional assets. As stated by Jack McDonald, senior vice president of stablecoins at Ripple, “Ripple USD addresses a critical gap in the market as a stablecoin developed for enterprise-grade financial use cases, designed to meet the rigorous standards of leading financial institutions. BNY brings together demonstrable custody expertise and a strong commitment to financial innovation in this rapidly changing landscape, as well as a forward-thinking approach to digital asset infrastructure, making them the ideal partner for Ripple and RLUSD.” In a new interview with CNBC Television, Ripple CEO Brad Garlinghouse says the crypto industry is in for a big boost as institutional adoption and regulatory clarity come into view. “BNY Mellon has, for a very long time, been amongst the most trusted partners out there for as a custody bank. So we’re really pleased. We think it’s indicative of the shift of tide, where we’ve had headwinds for this industry are now becoming tailwinds. And I think we’re going to see a lot of growth.” XRP, the digital asset associated with Ripple, is trading for $2.38 at time of writing, a 3.9% increase on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Ripple Partners With BNY Mellon As CEO Brad Garlinghouse Predicts ‘a Lot of Growth’ for Crypto Industry appeared first on The Daily Hodl .
The world's largest cryptocurrency, Bitcoin, made an overnight attack towards its all-time high price level. BTC, which is up 2.3% during the day, is only 0.76% away from its ATH level. The majority of the price increase occurred in the last hour. The reason for the price increase is stated as Donald Trump postponing his tariff threats again and the fact that there is no longer much reaction from the financial world to the tariff threats. BTC fiyatında yaşanan yükselişi gösteren grafik. With the sudden rise, the amount of liquidation in the cryptocurrency market in the last 24 hours reached $428 million. $380 million of these were in short positions. The amount of liquidation in the last hour was recorded as $235 million, of which $233 million were in short positions. Graph showing the amount of liquidation in the cryptocurrency market in the last hour. *This is not investment advice. Continue Reading: EXTREMELY HOT MOMENTS: Bitcoin is about to Break the All-Time Price High Record – Here’s What We Know and the Latest Situation
Bitcoin shorts are getting absolutely annihilated as the leading cryptocurrency surges to a new record peak
Tron founder Justin Sun has announced a significant $100 million investment in the Official Trump (TRUMP) memecoin, signaling a bold move in the evolving crypto landscape. Despite TRUMP token trading
In the dynamic world of finance, where digital assets like Bitcoin often grab headlines for their volatility, traditional currency markets continue to demonstrate their profound impact on global economies. The recent significant Canadian Dollar Decline , plummeting to its lowest level since June 25, serves as a stark reminder of how geopolitical tensions can send ripples through even the most stable national currencies. For those accustomed to the rapid swings of crypto, understanding the forces behind such a fall in a major fiat currency like the CAD offers valuable insights into broader economic vulnerabilities and interconnectedness. Understanding the Canadian Dollar Decline: A Deep Dive What exactly triggered this notable Canadian Dollar Decline ? The immediate catalyst was the re-emergence of tariff threats from the former U.S. administration. On the specific date of June 25, the Canadian dollar, often referred to as the loonie, hit a critical low point, reflecting heightened investor anxiety. This decline was not an isolated event but rather a symptom of deeper trade friction between two of the world’s largest trading partners. The CAD’s value is highly sensitive to global trade flows and commodity prices, particularly oil, given Canada’s significant energy exports. When trade uncertainties loom, the loonie typically feels the pressure, as global investors re-evaluate their positions in currencies tied to trade-dependent economies. The Canadian dollar’s relationship with the U.S. economy is exceptionally close. Approximately 75% of Canada’s exports head south of the border, making it highly susceptible to shifts in U.S. trade policy. This interconnectedness means that any perceived threat to this vital trade relationship can quickly manifest as currency weakness. The news of potential tariffs created an immediate ripple effect, causing market participants to sell off CAD in anticipation of reduced trade volumes and economic activity. This swift reaction highlights the forward-looking nature of currency markets, where expectations of future events often dictate current valuations. The initial shock absorbed by the market was a clear indicator of how seriously investors took the threat of protectionist measures. Historically, the Canadian dollar has shown resilience, often benefiting from its status as a major commodity exporter. However, in an environment dominated by trade disputes, even these traditional strengths can become vulnerabilities. The prospect of tariffs on key Canadian exports like steel, aluminum, and potentially even automobiles, casts a long shadow over the nation’s economic outlook. This uncertainty not only impacts direct trade but also dampens overall business confidence, leading to reduced investment and hiring within Canada. The fall to its lowest level since June 25 was not just a statistical anomaly; it was a clear signal from the market about the perceived economic risks ahead. The Immediate Impact of Trump Tariffs: Unpacking the Threat How did the announcement of Trump Tariffs Impact the Canadian economy and its currency so swiftly? The threat of renewed tariffs, specifically on Canadian goods, created a climate of uncertainty that directly influenced investor confidence. While the specific details of these proposed tariffs often varied, the mere prospect of their imposition was enough to trigger a sell-off in the Canadian dollar. Tariffs, in essence, act as taxes on imported goods, making them more expensive and potentially reducing demand. For a country like Canada, which relies heavily on trade with the United States, such measures threaten to disrupt established supply chains and reduce export revenues. This direct economic threat translates into currency weakness as investors anticipate reduced economic growth and profitability. The tariffs were typically justified by the U.S. administration on grounds of national security (Section 232 of the Trade Expansion Act of 1962) or to address perceived unfair trade practices. For Canada, a close ally and trading partner, the application of such tariffs felt particularly punitive. For example, the initial tariffs on steel and aluminum in 2018, and the subsequent threat of auto tariffs, created significant anxiety within Canadian industries. The auto sector, in particular, is deeply integrated across the North American continent, with parts and finished vehicles crossing the border multiple times during the production process. Tariffs on this sector would have devastating effects on both sides of the border, raising costs for consumers and potentially leading to job losses. The immediate impact was felt across several sectors: Manufacturing: Industries reliant on cross-border supply chains faced higher input costs and uncertainty about future market access. Agriculture: While not always directly targeted by these specific tariffs, the broader trade war climate created instability for agricultural exports, which are a significant part of Canada’s economy. Energy: Although less directly impacted by these specific tariffs, the overall slowdown in global trade and economic activity resulting from trade wars can depress demand for oil, affecting Canada’s energy sector. The anticipation of these economic disruptions led to a rapid adjustment in the currency market, with the Canadian dollar bearing the brunt of the negative sentiment. This highlights how market psychology, driven by political rhetoric and policy threats, can quickly override underlying economic fundamentals in the short term. Navigating CAD Weakness in Volatile Times: Challenges and Opportunities When faced with CAD Weakness , what are the primary concerns for businesses and individuals, and are there any unexpected opportunities? A depreciating Canadian dollar means that imports become more expensive for Canadian consumers and businesses, potentially leading to inflation. Conversely, Canadian exports become cheaper for foreign buyers, which could theoretically boost export volumes, but only if the tariffs do not negate this advantage. For businesses, planning becomes challenging as input costs fluctuate and export competitiveness becomes uncertain. For consumers, the purchasing power abroad diminishes, and the cost of imported goods, from electronics to fresh produce, can rise. The immediate effect of this weakness is often seen in higher prices at the pump and in stores, directly impacting household budgets. Challenges for Canada: Inflationary Pressures: Higher import costs can push up the Consumer Price Index (CPI), reducing the purchasing power of Canadian households. Reduced Investment: Economic uncertainty and the threat of tariffs can deter both domestic and foreign direct investment into Canada, slowing down long-term economic growth. Supply Chain Disruptions: Businesses may struggle to source components or raw materials efficiently and affordably, leading to production delays or increased costs. Debt Servicing: For Canadian entities with significant U.S. dollar-denominated debt, a weaker CAD makes debt servicing more expensive. Potential Opportunities (for savvy players): Export Competitiveness: For Canadian exporters not directly impacted by tariffs, a weaker CAD makes their goods and services more attractive to international buyers, potentially boosting sales. Tourism Boost: A cheaper Canadian dollar can make Canada a more affordable and appealing destination for foreign tourists, stimulating the tourism sector. Foreign Investment in Canada: For foreign investors holding stronger currencies, Canadian assets (real estate, stocks) become relatively cheaper, potentially attracting capital inflows. Diversification for Investors: For Canadian investors, holding foreign assets can provide a hedge against CAD weakness, although this comes with its own set of risks. Navigating this volatility requires careful strategic planning. Businesses might look to diversify their supply chains, explore new export markets, or implement currency hedging strategies to mitigate risks. For individuals, understanding the impact on personal finances, from travel costs to investment portfolios, becomes crucial. The Bank of Canada also faces a delicate balancing act, as a weaker currency could theoretically stimulate exports but also risks exacerbating inflation, potentially leading to difficult monetary policy decisions. Broader Implications of Global Trade Wars: A Ripple Effect Beyond the immediate Canadian context, what are the wider ramifications of Global Trade Wars ? The scenario between Canada and the U.S. is but one example of a broader trend of protectionist policies that have characterized recent years. When major economies engage in tit-for-tat tariff exchanges, it disrupts global supply chains, reduces overall trade volumes, and can lead to a slowdown in global economic growth. Businesses face increased costs, uncertainty, and the need to re-evaluate their international strategies. Investors become risk-averse, often pulling capital from emerging markets or economies perceived as vulnerable to trade disputes. This creates a domino effect, where a dispute between two nations can ripple through interconnected global markets, affecting commodity prices, manufacturing output, and consumer spending worldwide. The concept of global trade wars extends beyond direct tariffs to include non-tariff barriers, intellectual property disputes, and even currency manipulation accusations. The cumulative effect of these actions is a fracturing of the global economic order that has largely supported free trade since World War II. This fragmentation leads to: Reduced Global GDP Growth: International Monetary Fund (IMF) and World Bank reports have consistently warned that escalating trade tensions could significantly shave off percentage points from global GDP growth. Increased Volatility in Financial Markets: Equity markets, bond markets, and currency markets all react to the uncertainty, leading to increased price swings and making long-term planning difficult for investors. Supply Chain Re-shoring/Diversification: Companies may be forced to move production facilities closer to home or diversify their supplier base away from countries embroiled in trade disputes, leading to higher costs and inefficiencies in the short term. Consumer Price Hikes: Tariffs are ultimately paid by consumers in the form of higher prices for imported goods. Political Instability: Economic grievances fueled by trade wars can sometimes spill over into broader geopolitical tensions, affecting international relations beyond just trade. The Canadian dollar’s fall is a microcosm of this larger phenomenon. It underscores how even economically robust nations are not immune to the pressures exerted by protectionist policies adopted by their largest trading partners. The interconnectedness of the modern global economy means that a trade dispute in one corner of the world can quickly send tremors across continents, affecting everything from manufacturing jobs to the price of everyday goods. Expert Forex Market Analysis and Future Outlook: What Lies Ahead? How do currency analysts interpret this situation, and what does it mean for the Forex Market Analysis ? Experts often view currency depreciation linked to trade tensions as a direct reflection of diminished economic prospects. In the case of the Canadian dollar, its close correlation with oil prices and its strong ties to the U.S. economy mean that any significant shift in U.S. trade policy or global energy demand directly impacts its value. Analysts will closely monitor future trade negotiations, economic data releases from both Canada and the U.S., and global commodity price movements. For traders, this volatility presents both risks and opportunities. Those who can accurately predict policy shifts or economic reactions may find avenues for profit, while others face significant downside risks. Forex market analysis involves looking at a multitude of factors, often categorized into fundamental and technical analysis. In this scenario, fundamental factors – specifically geopolitical events and trade policy – were the dominant drivers. Analysts would consider: Trade Policy Developments: Any official statements, negotiations, or actual implementation/removal of tariffs will be paramount. The resolution of disputes or the signing of new trade agreements (like the USMCA, the successor to NAFTA) could provide significant relief and boost the CAD. Economic Data: Key indicators such as GDP growth, inflation rates, employment figures, and trade balances from both Canada and the U.S. will be scrutinized for signs of economic resilience or weakness. Stronger data from Canada could help offset some of the tariff-related pressures. Commodity Prices: As a major oil exporter, the CAD is sensitive to crude oil prices. A rebound in oil prices could provide some support to the currency, even amidst trade tensions. Interest Rate Expectations: The Bank of Canada’s monetary policy stance is critical. If the economy weakens significantly due to trade wars, the central bank might be compelled to lower interest rates, which would typically put further downward pressure on the CAD. Conversely, a hawkish stance could provide support. The future outlook for the Canadian dollar remains intricately linked to the global trade landscape. A de-escalation of trade tensions, particularly with the U.S., would likely see the CAD recover some of its lost ground. However, persistent protectionist rhetoric or the actual imposition of widespread tariffs could keep the currency under pressure. Investors and businesses must remain agile, adapting their strategies to an evolving economic and political environment. The ability to forecast and react to these complex interdependencies will be key to navigating the currency market effectively in the coming months. Actionable Insights for Investors and Businesses In a landscape marked by currency volatility and trade uncertainty, what concrete steps can investors and businesses take to protect their interests and potentially capitalize on the situation? For Businesses: Diversify Supply Chains: Reduce reliance on a single country or region for critical inputs. Explore alternative suppliers in less politically sensitive areas to mitigate tariff risks. Hedge Currency Exposure: For businesses engaged in international trade, consider using financial instruments like forward contracts or options to lock in exchange rates for future transactions, thereby protecting against adverse currency movements. Re-evaluate Market Access: Explore new export markets beyond traditional partners. A weaker CAD might make Canadian goods more competitive in non-U.S. markets. Optimize Production: Look for efficiencies in domestic production to offset potential increases in import costs or to reduce reliance on imported components. Stay Informed: Continuously monitor trade policy developments, political rhetoric, and economic indicators. Engage with industry associations to lobby for favorable trade conditions. For Investors: Portfolio Diversification: Don’t put all your eggs in one basket. Diversify investments across different asset classes, geographies, and currencies to reduce exposure to specific risks. Consider Safe-Haven Assets: During times of heightened uncertainty, traditional safe-haven assets like gold or certain major currencies (e.g., USD, JPY, CHF, though USD might be impacted by its own policies) can provide a hedge. Monitor Commodity Prices: Given Canada’s commodity-driven economy, keeping an eye on global oil and other commodity prices can offer insights into potential CAD movements. Long-Term Perspective: While short-term volatility can be unnerving, maintaining a long-term investment horizon can help weather temporary market downturns. Avoid panic selling based on daily headlines. Consult Financial Advisors: For complex financial decisions, especially concerning currency exposure and international investments, seeking advice from qualified financial professionals is advisable. The key takeaway is preparedness. Understanding the mechanisms of currency depreciation and the drivers of trade wars allows for more informed decision-making, transforming potential threats into manageable risks or even opportunities for those who are well-positioned and adaptable. Conclusion: Navigating the New Normal of Global Trade The significant Canadian Dollar Decline , triggered by the looming threat of Trump tariffs, served as a potent reminder of the interconnectedness of global finance and the profound impact of political decisions on economic realities. This episode, rooted in the broader context of Global Trade Wars , highlighted the vulnerabilities of even stable economies like Canada to protectionist policies. We’ve seen how quickly such threats can lead to CAD Weakness , affecting everything from import costs for consumers to export competitiveness for businesses. Through a detailed Forex Market Analysis , it becomes clear that these currency movements are not random but are direct responses to shifts in trade policy and investor sentiment. While challenges are evident, understanding these dynamics also uncovers avenues for strategic adaptation and potential opportunities for resilient businesses and informed investors. The era of predictable trade relations may be giving way to a new normal of heightened uncertainty, demanding greater vigilance and adaptability from all market participants. To learn more about the latest Forex market trends, explore our article on key developments shaping global currency liquidity and institutional adoption.
The SEC vs. Ripple case has taken numerous twists and turns this year, and observers are even more uncertain about when it may be fully resolved. Bill Morgan, an attorney known for clarifying legal issues for market players on the case while also expressing his pro-Ripple sentiments, took to X to share a timeline breakdown