In a significant development in the cryptocurrency investment landscape, Bitwise has unveiled the introduction of three Exchange-Traded Funds (ETFs) aimed at capturing the revenue generated from options of key publicly
The past few months proved to be extremely volatile for bitcoin prices on a global scale. The patterns regarding Bitcoin prices, as the market fluctuates, are the main focus of discussion amongst traders as well as the Analysts. In the latest Bitcoin price report, it is forecasted that BTC will increase to a value of $116,112 by April 28, 2025. Bitcoin appears to be on a Fear & Greed Index of 26 which indicates fear. Some experts, however, expect a positive reversal with Bitcoin reaching a price ceiling of $180,940. This significant growth will provide new opportunities for miners as well as investors. We will analyze the Bitcoin price predictions for 2025 through this article, the underlying market values affecting the estimated values of BTC, and the ways leading cloud mining companies such as PaladinMining are changing the lives of investors by offering attractive investment options during this dynamic cryptocurrency market. Bitcoin Price Forecast for 2025 April 2025 projection: The analyst expects BTC to rise drastically by 38.22% to $116,112 in late April. The Mid-Year year of Bitcoin is magnificent, predicting a growth of over 200% by the end of May 2025. It will generate phenomenal ROI. By the end of this year, the results seem optimistic, predicting a 46% gain from previous estimates, fluctuating between $122,894 and $123,339. Current Market Report With an overall 2.97% price change in the last month, the latest stats indicate 50% green days (15/30). Invest $1,000 today, and get a yield of 114.97% by August 2025, which will be around $1,149. The stats suggest that the time is not suitable for short-term investors. They should avoid entering into the market. Buy Bitcoins for Your Future No doubt, the numbers clearly show fluctuation for a short term during 2025. But the overall report regarding the current year makes Bitcoin appealing for: Long-term Investors to gain healthy returns from the anticipated price surges. Cloud Miners looking to build a consistent reserve of BTC. Based on the stats, Bitcoin investors would receive a104.97% return on investment by August 2025. Gain Huge Profit with Cloud Mining Traditional Bitcoin mining is costly, such as buying expensive equipment, paying for electricity, and requiring at least some technical knowledge, which deters many investors from actually mining Bitcoin. Despite the expectation of a spike in profitability once the value of the cryptocurrency increases, people remain in doubt. To overcome such fears, the traders shouldn’t delay contacting reputable cloud mining service provider companies like PaladinMining for more reliable and profitable solutions. About PaladinMining PaladinMining is a leading mining service provider in the UK. It has been offering a fully registered cloud mining service company in Europe since 2016. With over 1.68 million users worldwide, reliable solutions, and open bitcoin mining services, they are the leaders in cloud mining, facilitating and enhancing its profitability for cryptocurrency investors worldwide. Work with PaladinMining for Bitcoin Cloud Mining Services Over the years, PaladinMining has gained a reputable status as one of the most efficient companies in the cloud mining business because of its useful features aimed at providing security and sustainable functionality. Why do most customers prefer PaladinMining? Let’s find out Instant Sign-Up Bonus: New clients get $15 instantly after signing up for an account. No Need For Costly Mining Equipment: Mining is easier and ideal for everyone with cloud mining. Unreasonable prices are omitted. Support Various Cryptocurrencies: The platform is open for supporting BTC, ETH, DOGE, XRP, LTC, USDT and Sort. User-friendly Dashboard: It can be used effortlessly by beginners as well as experienced miners. Rewarding Loyalty Program: Users get paid for referrals up to 3%+2% bonus plus $100,000 in total bonuses. Protection and Vital Information: Funds are held in leading banks that secure users’ information with SSL encryption and insurance from AIG Insurance Company. Blockchain Technology and Green Crypto Mining PaladinMining supports sustainable crypto mining . By using eco-friendly renewable energy sources for all mining processes, their carbon footprint is low. This strategy guarantees alignment with international initiatives to increase the sustainability of Bitcoin. Although prices are still around $30k, the latest forecast indicates that they will rise to $116K by April 2025 and then grow to $180K in December at the start of winter. Strategic placement with BTC cloud mining seems like an amazing payoff considering the stability Bitcoin offers despite market fluctuations. Investors who want to increase their income by taking advantage of the growing Bitcoin prices but lack the required mining equipment can use PaladinMining to obtain a highly profitable and efficient solution. Join the Bitcoin Cloud Mining Revolution Today! For more inquiries, please visit the official website: www.paladinmining.com Or contact via their official email address : Disclaimer: This is a sponsored article 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.
Próspera ZEDE, Honduras, April 3rd, 2025, Chainwire Public sale of governance token commences April 16, with a listing to follow in May; near-term upgrades include Base chain integration, wallet expansion, and DeFi aggregator support. Stabull Labs LLC , operator of the stablecoin and real-world asset (RWA) decentralised exchange (DEX), Stabull.Finance , has announced the upcoming public sale of its governance token, $STABUL, launching on ProBit Global Exchange on Wednesday, 16th April at 03:00 UTC. Stabull is a DEX optimised for stablecoins and RWA’s, utilising off-chain price oracles to ensure accurate pricing of tokens within its pools. The platform currently supports a growing list of audited stablecoins and tokenised commodities—such as EURS, GYEN, NZDS, TRYB, and USDC on Ethereum, with broader support on Polygon, including BRZ, COPM, DAI, PAXG, PHPC, USDT, XSGD, and more. The Initial Exchange Offering (IEO) will be conducted in three phases, starting with a 72-hour offering on ProBit’s Launchpad at a fixed price of $3 USD per token. The $STABUL token has a maximum supply of 10 million, with 20% locked in unsellable protocol-owned liquidity and 30% allocated to a 10-year Liquidity Mining Program— a structure designed to promote long-term sustainability. This public sale follows six months of intensive airdrop campaigns that stress-tested the protocol. During this period, Stabull processed tens of thousands of transactions, facilitating over $3.7 million in stablecoin and RWA swaps across the 12 currently supported assets. With the campaigns concluded, the platform has now implemented its standard fee structure: 0.15% per swap (per pool utilised) 70% of fees distributed to Liquidity Providers Remaining fees reinvested into protocol operations Following the IEO, the $STABUL token will officially list on ProBit in mid-May—enabling the team to accelerate protocol and dApp upgrades, expand the number of available pools, and continue building out the premier DeFi platform for discovering, swapping, and earning yield on audited stable assets. Expanding the Stabull Ecosystem As part of its 2025 roadmap, Stabull Labs has outlined several key upgrades to be completed by the end of Q3: Chain Expansion : Integration with Base as the third supported network—alongside Ethereum and Polygon—to support growing stablecoin and RWA adoption across chains. DeFi Aggregator Integrations : Opening Stabull’s pools to broader swap routes and liquidity sources, increasing platform utility and LP revenue opportunities. Wallet Connectivity : A revamped, industry-standard wallet connection system that will support desktop, browser extension, hardware, and mobile wallets. “We’re excited to partner with ProBit Global’s Launchpad for the public sale of the $STABUL token,” said Fran Strajnar, Core Contributor at Stabull Labs. “This launch represents over two years of focused work to deliver a DEX purpose-built for stablecoins and real-world assets.” For more information on the $STABUL IEO, users can visit the ProBit launchpad . More information about the platform is available at https://stabull.finance , users can explore the DEX at https://app.stabull.finance or read through the documentation and whitepaper for the platform at https://docs.stabull.finance . Users can also follow Stabull on X and Telegram or talk with the team on Stabull’s Discord Server . About Stabull Finance Stabull Finance offers a proactive Automated Market Maker (AMM) on the Ethereum and Polygon blockchains, supporting a growing portfolio of real-world assets (RWAs) and fiat-backed stablecoins. It aims to provide essential infrastructure for the FX and Web3 ecosystem, facilitating the trading of non-USD stablecoins and other RWAs with low execution costs, instant settlement, and capital-efficient liquidity provision. Media Information Users can contact the team by email via outreach@stabull.finance and a media kit is available to download here. Contact Core Contributor Fran Strajnar Stabull Labs LLC team@stabull.finance
In a stunning turn of events that has sent ripples across the cryptocurrency sphere, Tron founder Justin Sun has publicly announced reporting a staggering $500 million embezzlement case involving First Digital USD (FDUSD) issuer, First Digital Trust (FDT). This revelation, made via a post on X, directly implicates FDT and has prompted immediate action from Hong Kong authorities. But what exactly happened, and what does this mean for the future of stablecoins and crypto regulation ? Let’s dive into the details of this developing story. Why is the Alleged FDUSD Embezzlement a Big Deal? The sheer scale of the alleged FDUSD embezzlement – nearly half a billion dollars – is enough to raise eyebrows. But beyond the massive financial figure, this incident strikes at the heart of trust in the cryptocurrency ecosystem, particularly within the stablecoin sector. Stablecoins like FDUSD are designed to be pegged to fiat currencies, providing stability in the volatile crypto market. Embezzlement of this magnitude can severely undermine investor confidence and trigger wider market instability. Here’s why this news is particularly concerning: Trust Erosion: Stablecoins rely heavily on user trust that they are fully backed by reserves. Allegations of embezzlement shatter this trust and can lead to panic selling and loss of faith in other stablecoins as well. Regulatory Scrutiny: Incidents like these intensify regulatory pressure on the crypto industry. Authorities worldwide are already grappling with how to regulate digital assets, and a major embezzlement case involving a stablecoin issuer will undoubtedly accelerate and potentially toughen crypto regulation efforts. Market Volatility: While FDUSD itself might experience immediate price fluctuations, the broader market could also react negatively, especially if investors fear contagion to other stablecoins or crypto platforms. Legal Repercussions: The legal and regulatory fallout from this case could be significant. First Digital Trust and individuals involved may face severe penalties, setting a precedent for future cases of financial misconduct in the crypto space. Justin Sun’s Bold Move: Reporting to Hong Kong Authorities Justin Sun , a prominent figure in the crypto world and the founder of Tron, has taken a proactive stance by reporting the alleged embezzlement directly to Hong Kong authorities . He stated that he personally met with Hong Kong lawmaker Johnny Wu to present evidence of the alleged misconduct by First Digital Trust. This move highlights the increasing importance of established legal frameworks in the crypto industry, and the willingness of key players like Justin Sun to engage with regulatory bodies to address illicit activities. According to Sun’s statement, substantial evidence has been handed over to both regulatory and legal authorities in Hong Kong. He expressed strong optimism that the allegedly misappropriated funds will be recovered and that those responsible will be held accountable under the law. This assertive approach by Justin Sun could be seen as a positive step towards self-regulation within the crypto industry, demonstrating a commitment to transparency and accountability. What is First Digital Trust (FDT) and FDUSD? First Digital Trust (FDT) is the issuer of First Digital USD (FDUSD), a relatively newer stablecoin in the market. While not as dominant as USDT or USDC, FDUSD has been gaining traction. Understanding FDT and FDUSD is crucial to grasp the potential impact of this embezzlement allegation: Feature First Digital Trust (FDT) First Digital USD (FDUSD) Type Financial Institution Stablecoin Role Issuer of FDUSD Digital currency pegged to USD Allegation Accused of $500M embezzlement of client reserves Stablecoin potentially affected by reserve mismanagement Significance Central entity under investigation, reputation at stake Value stability and user trust potentially compromised The allegation against FDT raises serious questions about the security and management of reserves backing FDUSD. For users holding FDUSD, this news may cause concern about the actual backing of their stablecoin holdings. The outcome of the investigation by Hong Kong authorities will be critical in determining the future of FDUSD and FDT’s standing in the crypto market. Hong Kong’s Role in Crypto Regulation: A Growing Hub? Hong Kong has been positioning itself as a more crypto-friendly jurisdiction in recent times, aiming to become a hub for digital asset innovation. This high-profile case of alleged FDUSD embezzlement will test Hong Kong’s regulatory framework and its ability to effectively oversee the burgeoning crypto industry. How Hong Kong authorities handle this situation will send a strong signal to the global crypto community about the jurisdiction’s commitment to investor protection and market integrity. Key aspects of Hong Kong’s approach to crypto regulation that will be under scrutiny include: Investigation Efficiency: How quickly and thoroughly will Hong Kong authorities investigate these serious allegations? Enforcement Power: Will Hong Kong be able to effectively recover the misappropriated funds and bring those responsible to justice? Regulatory Clarity: Will this case lead to clearer and potentially stricter regulations for stablecoin issuers and other crypto entities operating in Hong Kong ? International Cooperation: Will Hong Kong collaborate with other international regulatory bodies if the investigation expands beyond its borders? What’s Next? Actionable Insights for Crypto Users and Investors In the wake of this concerning news, what should crypto users and investors do? Here are some actionable insights: Stay Informed: Keep a close watch on developments related to the FDUSD embezzlement case. Follow reputable crypto news sources and official announcements from Justin Sun and Hong Kong authorities . Assess Risk: Evaluate your exposure to FDUSD and other stablecoins. Consider the potential risks associated with stablecoins, including regulatory risks and counterparty risks. Diversify Holdings: Diversification is always a prudent strategy in crypto. Avoid concentrating your holdings in a single stablecoin, especially during periods of uncertainty. Security Awareness: This incident underscores the importance of security and due diligence in the crypto space. Be cautious about where you store your crypto assets and who you entrust them to. Demand Transparency: Support crypto platforms and projects that prioritize transparency and accountability. Demand clear information about reserve management and regulatory compliance. A Shocking Revelation with Far-Reaching Implications Justin Sun’s revelation of the alleged $500 million FDUSD embezzlement is more than just a news headline; it’s a shocking event that could have significant ramifications for the entire cryptocurrency industry. The actions taken by Hong Kong authorities , the response from First Digital Trust, and the broader market reaction will all be crucial in shaping the narrative in the coming weeks and months. This incident serves as a stark reminder of the inherent risks in the crypto space and the ongoing need for robust crypto regulation and investor protection. As the investigation unfolds, the crypto community watches with bated breath, hoping for swift justice and a stronger, more secure future for digital assets. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Panic selling has caused a 5.63% decrease in XRP price over the past twenty-four hours. On April 2, President Trump’s latest tariff package sent the entire cryptocurrency market into panic mode. This resulted in over $140 billion in losses for the wider market. At press time, the token was changing hands at a price of $2. This figure equates to a 3.69% loss on a year-to-date (YTD) basis. XRP price 1-day and year-to-date (YTD) charts. Source: Finbold It appears that a drop below $2 due to the tariffs is imminent. While bullish traders managed to keep the drop in XRP price from breaching the psychologically important level of support on April 1, at present, there simply is no bullish catalyst strong enough to stop the sell-off. Key level to watch as XRP price continues to slide XRP is currently trading well below its 50-day and 100-day moving averages (MAs). With the level of support at $2 about to be breached, the next price point where the asset could stabilize is around $1.80, at its 200-day moving average. Conversely, a close above $2, however unlikely, would go a long way in blunting the currently bearish sentiment at play. One positive development could be in the cards — the Securities and Exchange Commission (SEC) is holding a closed meeting today. Quite a few market commentators speculate that the meeting will be the final conclusion of the regulator’s case against Ripple. Even so, the news will likely have little impact on the prevailing XRP price at the time, as it will almost certainly be drowned out by market-wide volatility. Featured image via Shutterstock The post XRP price analysis as Trump tariffs trigger panic selling appeared first on Finbold .
April 3rd, 2025 – Próspera ZEDE, Honduras Public sale of governance token commences April 16, with a listing to follow in May; near-term upgrades include Base chain integration, wallet expansion, and DeFi aggregator support. Stabull Labs LLC , operator of the stablecoin and real-world asset (RWA) decentralised exchange (DEX), Stabull.Finance , has announced the upcoming public sale of its governance token, STABUL, launching on ProBit Global Exchange on Wednesday, 16th April at 03:00 UTC. Stabull is a DEX optimised for stablecoins and RWA’s, utilising off-chain price oracles to ensure accurate pricing of tokens within its pools. The platform currently supports a growing list of audited stablecoins and tokenised commodities—such as EURS, GYEN, NZDS, TRYB, and USDC on Ethereum, with broader support on Polygon, including BRZ, COPM, DAI, PAXG, PHPC, USDT, XSGD, and more. The Initial Exchange Offering (IEO) will be conducted in three phases, starting with a 72-hour offering on ProBit’s Launchpad at a fixed price of $3 USD per token. The STABUL token has a maximum supply of 10 million, with 20% locked in unsellable protocol-owned liquidity and 30% allocated to a 10-year Liquidity Mining Program— a structure designed to promote long-term sustainability. This public sale follows six months of intensive airdrop campaigns that stress-tested the protocol. During this period, Stabull processed tens of thousands of transactions, facilitating over $3.7 million in stablecoin and RWA swaps across the 12 currently supported assets. With the campaigns concluded, the platform has now implemented its standard fee structure: 0.15% per swap (per pool utilised) 70% of fees distributed to Liquidity Providers Remaining fees reinvested into protocol operations Following the IEO, the STABUL token will officially list on ProBit in mid-May—enabling the team to accelerate protocol and dApp upgrades, expand the number of available pools, and continue building out the premier DeFi platform for discovering, swapping, and earning yield on audited stable assets. Expanding the Stabull Ecosystem As part of its 2025 roadmap, Stabull Labs has outlined several key upgrades to be completed by the end of Q3: Chain Expansion : Integration with Base as the third supported network—alongside Ethereum and Polygon—to support growing stablecoin and RWA adoption across chains. DeFi Aggregator Integrations : Opening Stabull’s pools to broader swap routes and liquidity sources, increasing platform utility and LP revenue opportunities. Wallet Connectivity : A revamped, industry-standard wallet connection system that will support desktop, browser extension, hardware, and mobile wallets. “We’re excited to partner with ProBit Global’s Launchpad for the public sale of the STABUL token,” said Fran Strajnar, Core Contributor at Stabull Labs. “This launch represents over two years of focused work to deliver a DEX purpose-built for stablecoins and real-world assets.” For more information on the STABUL IEO, users can visit the ProBit launchpad . More information about the platform is available at https://stabull.finance , users can explore the DEX at https://app.stabull.finance or read through the documentation and whitepaper for the platform at https://docs.stabull.finance . Users can also follow Stabull on X and Telegram or talk with the team on Stabull’s Discord Server . About Stabull Finance Stabull Finance offers a proactive Automated Market Maker (AMM) on the Ethereum and Polygon blockchains, supporting a growing portfolio of real-world assets (RWAs) and fiat-backed stablecoins. It aims to provide essential infrastructure for the FX and Web3 ecosystem, facilitating the trading of non-USD stablecoins and other RWAs with low execution costs, instant settlement, and capital-efficient liquidity provision. Media Information Users can contact the team by email via outreach@stabull.finance and a media kit is available to download here. Contact Core Contributor Fran Strajnar Stabull Labs LLC team@stabull.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 Stabull Labs Announces Public Sale of STABUL Token on ProBit Global Exchange appeared first on The Daily Hodl .
Próspera ZEDE, Honduras, April 3rd, 2025, Chainwire Public sale of governance token commences April 16, with a listing to follow in May; near-term upgrades include Base chain integration, wallet expansion, and DeFi aggregator support. Stabull Labs LLC , operator of the stablecoin and real-world asset (RWA) decentralised exchange (DEX), Stabull.Finance , has announced the upcoming public sale of its governance token, $STABUL, launching on ProBit Global Exchange on Wednesday, 16th April at 03:00 UTC. Stabull is a DEX optimised for stablecoins and RWA’s, utilising off-chain price oracles to ensure accurate pricing of tokens within its pools. The platform currently supports a growing list of audited stablecoins and tokenised commodities—such as EURS, GYEN, NZDS, TRYB, and USDC on Ethereum, with broader support on Polygon, including BRZ, COPM, DAI, PAXG, PHPC, USDT, XSGD, and more. The Initial Exchange Offering (IEO) will be conducted in three phases, starting with a 72-hour offering on ProBit’s Launchpad at a fixed price of $3 USD per token. The $STABUL token has a maximum supply of 10 million, with 20% locked in unsellable protocol-owned liquidity and 30% allocated to a 10-year Liquidity Mining Program— a structure designed to promote long-term sustainability. This public sale follows six months of intensive airdrop campaigns that stress-tested the protocol. During this period, Stabull processed tens of thousands of transactions, facilitating over $3.7 million in stablecoin and RWA swaps across the 12 currently supported assets. With the campaigns concluded, the platform has now implemented its standard fee structure: 0.15% per swap (per pool utilised) 70% of fees distributed to Liquidity Providers Remaining fees reinvested into protocol operations Following the IEO, the $STABUL token will officially list on ProBit in mid-May—enabling the team to accelerate protocol and dApp upgrades, expand the number of available pools, and continue building out the premier DeFi platform for discovering, swapping, and earning yield on audited stable assets. Expanding the Stabull Ecosystem As part of its 2025 roadmap, Stabull Labs has outlined several key upgrades to be completed by the end of Q3: Chain Expansion: Integration with Base as the third supported network—alongside Ethereum and Polygon—to support growing stablecoin and RWA adoption across chains. DeFi Aggregator Integrations: Opening Stabull’s pools to broader swap routes and liquidity sources, increasing platform utility and LP revenue opportunities. Wallet Connectivity: A revamped, industry-standard wallet connection system that will support desktop, browser extension, hardware, and mobile wallets. “We’re excited to partner with ProBit Global’s Launchpad for the public sale of the $STABUL token,” said Fran Strajnar, Core Contributor at Stabull Labs. “This launch represents over two years of focused work to deliver a DEX purpose-built for stablecoins and real-world assets.” For more information on the $STABUL IEO, users can visit the ProBit launchpad . More information about the platform is available at https://stabull.finance , users can explore the DEX at https://app.stabull.finance or read through the documentation and whitepaper for the platform at https://docs.stabull.finance . Users can also follow Stabull on X and Telegram or talk with the team on Stabull’s Discord Server . About Stabull Finance Stabull Finance offers a proactive Automated Market Maker (AMM) on the Ethereum and Polygon blockchains, supporting a growing portfolio of real-world assets (RWAs) and fiat-backed stablecoins. It aims to provide essential infrastructure for the FX and Web3 ecosystem, facilitating the trading of non-USD stablecoins and other RWAs with low execution costs, instant settlement, and capital-efficient liquidity provision. Media Information Users can contact the team by email via outreach@stabull.finance and a media kit is available to download here. ContactCore ContributorFran StrajnarStabull Labs LLCteam@stabull.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.
The Official Trump meme coin has sunk to lows only seen within hours of its launch, following the President’s latest tariff announcements.
Michael Saylor has again reiterated the decentralized and advantageous nature of Bitcoin in response to Donald Trump’s tariff slap. Market participants have been fidgeting over Donald Trump’s Liberation Day impact on the crypto market. However, the much-discussed April 2 reciprocal tariff update has quickly flown by with minimal impact on Bitcoin and altcoins compared to some observers’ anticipations.As nations react to Trump’s tariff hike, Strategy’s executive chairman, Michael Saylor, took to X (formerly Twitter) to emphasize Bitcoin’s uniqueness amongst other commodities. “There are no tariffs on Bitcoin,” Saylor stated .No Tariff on BitcoinWhile tariffs negatively threaten a nation’s broader economy, tangible commodities suffer the most impact. Trump’s tariffs are on all physically imported goods, which he justified were reciprocal to charges from other countries.Meanwhile, compared to other commodities, Bitcoin's digital properties have exempted it from the tariff parade. Saylor highlighted the pioneering cryptocurrency’s unique advantage in a tweet today, bluntly reminding his over 4.2 million followers of its enviable properties.Nonetheless, the development has adversely impacted Bitcoin’s price since its inception, creating a divide among prominent market participants over the premier asset’s position as a store of value. Moreover, market participants argue that higher tariffs would impact the income of retailers and businesses, reducing appetite to invest in Bitcoin and other financial vehicles.Trump Sets Tariff Baseline at 10%The pro-Bitcoin president released details of his reciprocal tariff on Wednesday, noting that they would take effect on April 5. He highlighted those of a few countries in a dashboard he carried along while announcing the new importation levy.Asian countries like China, Japan, Taiwan, and Vietnam, among others, received reciprocal taxes of 34%, 24%, 32%, and 46%, respectively. America did not spare its allies either, brandishing a 10%, 17%, 20%, and 26% tariff on the UK, Israel, the European Union, and India. Trump's Dashboard Showing Tariff Meanwhile, some nations have responded, with China threatening a counter-tariff hike if Trump does not retract his latest importation tax increase. With new developments unfolding, Bitcoin has continued to hold above $80,000.At the time of writing, the asset trades at $82,089, down barely 1% in the past 24 hours.
The U.S. Senate Banking Committee has voted to advance the confirmations of President Donald Trump's picks to run the Securities and Exchange Commission and the Office of the Comptroller of the Currency — both key positions for the future U.S. regulation of the crypto sector. The nominations of Paul Atkins to permanently take over the SEC from former Chair Gary Gensler and of Jonathan Gould to lead the banking regulator OCC now move to consideration by the overall Senate. Approvals there will allow Atkins and Gould to start work at the regulatory agencies. Atkins and Gould both advanced under party-line votes in the committee on Thursday — each going 13-11. Committee Chairman Tim Scott, a South Carolina Republican, praised the nominees before the vote. "Paul Atkins, the former SEC commissioner, will promote capital formation and provide much-needed clarity for digital assets," Scott said. And of Gould, he said the nominee, once chief counsel at the OCC, will "put an end to the politically-motivated debanking" — a major point of complaint for the crypto industry. Senator Elizabeth Warren, the committee's ranking Democrat, issued some last-minute criticisms of the nominees before rejecting all of them. "Mr. Atkins was dead wrong in the leadup to the worst financial crisis in a generation," she said of Atkins' previous tenure at the SEC in the period before the 2008 global financial crisis, and she added of Gould's previous time at the OCC that he "weakened the rules and helped undermine" the banking system's safety and soundness. The recent confirmation hearing for the nominees didn't address crypto issues in significant depth, though both would be heavily involved in future regulation of the industry. Read More: Trump's Pick to Run SEC Paul Atkins Promises New Crypto Stance, Gets Few Questions