China's new tax policy significantly impacts the cryptocurrency market. Bitcoin and major altcoins experienced substantial losses following the announcement. Continue Reading: China’s Tax Decision Hits Crypto Markets Hard The post China’s Tax Decision Hits Crypto Markets Hard appeared first on COINTURK NEWS .
Solana’s (SOL) impending massive token unlock raises pressing concerns about a potential steep price decline in the coming days. The market is reacting to bearish sentiment, further emphasized by SOL’s
The new trade tariffs announced by US President Donald Trump may place added pressure on the Bitcoin mining ecosystem both domestically and globally, according to one industry executive. While the US is home to Bitcoin ( BTC ) mining manufacturing firms such as Auradine , it’s still “not possible to make the whole supply chain, including materials, US-based,” Kristian Csepcsar, chief marketing officer at BTC mining tech provider Braiins, told Cointelegraph. On April 2, Trump announced sweeping tariffs , imposing a 10% tariff on all countries that export to the US and introducing “reciprocal” levies targeting America’s key trading partners. Community members have debated the potential effects of the tariffs on Bitcoin, with some saying their impact has been overstated, while others see them as a significant threat. Tariffs compound existing mining challenges Csepcsar said the mining industry is already experiencing tough times, pointing to key indicators like the BTC hashprice . Hashprice — a measure of a miner’s daily revenue per unit of hash power spent to mine BTC blocks — has been on the decline since 2022 and dropped to all-time lows of $50 for the first time in 2024. According to data from Bitbo, the BTC hashprice was still hovering around all-time low levels of $53 on March 30. Bitcoin hashprice since late 2013. Source: Bitbo “Hashprice is the key metric miners follow to understand their bottom line. It is how many dollars one terahash makes a day. A key profitability metric, and it is at all-time lows, ever,” Csepcsar said. He added that mining equipment tariffs were already increasing under the Biden administration in 2024, and cited comments from Summer Meng, general manager at Chinese crypto mining supplier Bitmars. Source: Summer Meng “But they keep getting stricter under Trump,” Csepcsar added, referring to companies such as the China-based Bitmain — the world’s largest ASIC manufacturer — which is subject to the new tariffs. Trump’s latest measures include a 34% additional tariff on top of an existing 20% levy for Chinese mining imports. In response, China reportedly imposed its own retaliatory tariffs on April 4. BTC mining firms to “lose in the short term” Csepcsar also noted that cutting-edge chips for crypto mining are currently massively produced in countries like Taiwan and South Korea, which were hit by new 32% and 25% tariffs, respectively. “It will take a decade for the US to catch up with cutting-edge chip manufacturing. So again, companies, including American ones, lose in the short term,” he said. Source: jmhorp Csepcsar also observed that some countries in the Commonwealth of Independent States region, including Russia and Kazakhstan, have been beefing up mining efforts and could potentially overtake the US in hashrate dominance. Related: Bitcoin mining using coal energy down 43% since 2011 — Report “If we continue to see trade war, these regions with low tariffs and more favorable mining conditions can see a major boom,” Csepcsar warned. As the newly announced tariffs potentially hurt Bitcoin mining both globally and in the US, it may become more difficult for Trump to keep his promise of making the US the global mining leader . Trump’s stance on crypto has shifted multiple times over the years . As his administration embraces a more pro-crypto agenda, it remains to be seen how the latest economic policies will impact his long-term strategy for digital assets. Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29
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By Omkar Godbole (All times ET unless indicated otherwise) Major coins reversed early gains after Beijing stepped up trade tensions by announcing retaliatory tariffs following President Donald Trump's Wednesday decision to impose additional levies on China and other nations. Bitcoin dropped to $83,000 from $84,600, though the downside appeared limited, probably because the market's worst fears have finally come true. Markets dislike uncertainty, and the anticipation of a looming threat often creates more anxiety and fear than the actual realization of that threat. Since Trump took office on Jan. 20, markets have been wrestling with the threat of tariffs and a global trade war. That damped investor risk appetite, causing the BTC price to tumble from a record high over $109,000 to below $80,000 last month. This week, Trump announced sweeping tariffs on 180 nations, with higher levies on China, the European Union and Southeast Asia. The effective U.S. tariff rate is now above the level of around 20% set by the 1930's Smoot-Hawley Tariff Act. This so-called tariffagedon moment marks the end of lingering uncertainty and could be liberating for markets, mainly because bond yields have dropped across the advanced world in the aftermath, pricing in disinflation. That's contrary to the popular narrative that tariffs would lead to stagflation — high inflation plus low growth — forcing the Fed to keep interest rates elevated. The yield on the benchmark U.S. 10-year bond yield has dropped below 4% for the first time since October and yields have fallen sharply in the U.K., Germany and Japan. Plus, oil has declined sharply this week on prospects of higher supply from OPEC countries. All this bodes well for Fed rate cut bets and risk assets, including cryptocurrencies. The same can be said for Friday's March jobs report, which, if it beats estimates, will likely be seen as backward-looking, failing to account for this week's Trump tariffs, while a weak print will only add to Fed rate cuts. With the major macro uncertainty behind us, the crypto market could return to focusing on positive developments, such as USDC issuer Circle's IPO filing and technological advancements. On Thursday, Coinbase Derivatives submitted documentation to the CFTC to self-certify futures for XRP. In addition, Ethereum developers chose May 7 as the date for the Pectra upgrade to go live on the mainnet. Elsewhere, the SEC acknowledged Fidelity's filing for a spot exchange-traded fund tied to SOL, which takes it closer to approval. A lot is happening within the industry, so stay alert! What to Watch Crypto: April 5: The purported birthday of Satoshi Nakamoto. April 7, 7:30 p.m.: Syscoin (SYS) activates the Nexus upgrade on its mainnet at block 2,010,345. April 9, 10:00 a.m.: U.S. House Financial Services Committee hearing about how U.S. securities laws could be updated to take into account digital assets. Livestream link . April 17: EigenLayer (EIGEN) activates slashing on Ethereum mainnet, enforcing penalties for operator misconduct. April 21: Coinbase Derivatives will list XRP futures pending approval by the U.S. Commodity Futures Trading Commission (CFTC). Macro April 4, 8:30 a.m.: The U.S. Bureau of Labor Statistics releases March employment data. Nonfarm Payrolls Est. 135K vs. Prev. 151K Unemployment Rate Est. 4.1% vs. Prev. 4.1% April 4, 8:30 a.m.: Statistics Canada releases March employment data. Unemployment Rate Est. 6.7% vs. Prev. 6.6% April 4, 11:25 a.m.: Fed Chair Jerome H. Powell will give a speech titled “Economic Outlook.” Livestream link. April 5, 12:01 a.m.: The Trump administration’s 10% baseline tariff on imports from all countries takes effect. April 9, 12:01 a.m.: The Trump administration’s higher individualized tariffs on imports from top U.S. trade-deficit countries take effect. April 14: Salvadoran President Nayib Bukele will join President Donald Trump at the White House for an official working visit . Earnings (Estimates based on FactSet data) No earnings scheduled. Token Events Governance votes & calls Sky DAO is voting on an executive proposal that includes initializing ALLOCATOR-BLOOM-A, updating the Smart Burn Engine's hop parameter, approving the Spark Tokenization Grand Prix DAO resolution and executing a Spark Proxy Spell to expand SparkLend's liquidity operations. Voting ends May 3. AaveDAO is discussing an upgrade to GHO Savings to introduce a technical design change to sGHO, a yield-bearing version of GHO designed for multichain integration. It also introduces the Aave Savings Rate (ASR) that will determine sGHO’s yield. April 4, 9 a.m.: Core DAO to host an Ask Me Anything (AMA) session . April 4, 2 p.m.: Sei’s research initiative to hold a l ivestream on real-world asset tokenization . April 7, 9 a.m.: OriginTrail to host a “ Shaping AI for Good ” Zoom talk. April 7, 4 p.m.: Livepeer to host a monthly community call f ocused on governance, funding, and the strategic direction of its on-chain treasury. Unlocks April 5: Ethena (ENA) to unlock 3.25% of its circulating supply worth $54.22 million. April 7: Kaspa (KAS) to unlock 0.59% of its circulating supply worth $10.17 million. April 9: Movement (MOVE) to unlock 2.04% of its circulating supply worth $19.17 million. April 12: Aptos (APT) to unlock 1.87% of its circulating supply worth $57 million. April 12: Axie Infinity (AXS) to unlock 5.68% of its circulating supply worth $24.91 million. Token Listings April 4: Pintu (PTU), Spartan Protocol (SPARTA), Derby Stars (DSRUN), Veloce (VEXT), BOB and KryptoniteSEILOR) to be deslisted from Bybit. April 9: IOST airdrop claims portal for a roughly 1.7 billion IOST token airdrop to open. April 22: Hyperlane to airdrop its HYPER tokens. Conferences CoinDesk's Consensus is taking place in Toronto on May 14-16 . Use code DAYBOOK and save 15% on passes. Day 3 of 4: ETH Bucharest Conference & Hackathon (Romania) Day 2 of 4: BitBlockBoom (Dallas) April 6-9: Hong Kong Web3 Festival April 8-10: Paris Blockchain Week April 10: Bitcoin Educators Unconference (Nashville) April 15-16: BUIDL Asia 2025 (Seoul) April 22-24: Money20/20 Asia (Bangkok) April 23: Crypto Horizons 2025 (Dubai) April 23-24: Blockchain Forum 2025 (Moscow) April 24: Bitwise's Investor Day for Bitcoin Standard Corporations (New York) Token Talk By Shaurya Malwa Infected, a crypto game, moves to Solana from Base network after saying the latter couldn't handle its launch. Infected claimed it faced technical issues during the start-up and Base was unable to handle high transaction volumes, leading to gas price spikes and a poor user experience. It reported that a gas spike caused transaction failures during the critical first 30 minutes of the game’s debut, disrupting momentum. Although front-end issues were suspected initially, the team concluded that Base’s scalability limitations were the root cause, a problem they say persists across Ethereum-based chains. Jesse Pollak, the creator of Base, rejected the claims, asserting that Base operated smoothly and did not crash. He emphasized that Base, with a $3.05 billion total value locked and 1.2 million active addresses, had offered support to resolve front-end issues, suggesting the problem was not inherent to the chain. Base developer 'Saedeh' called out Infected’s inexperience, pointing to its introduction of multiple tokens and exaggerated market cap claims as missteps. Derivatives Positioning BTC, ETH puts are trading at a premium relative to calls out to June expiry, representing near-term downside concerns. The positive dealer gamma at the $83K and $84K strikes means these market participants could trade against the market to hedge their books, potentially arresting price volatility. Perpetual funding rates for most major tokens, excluding XRP and AVAX, remain marginally positive, implying cautiously bullish sentiment. Market Movements BTC is up 1.25% from 4 p.m. ET Thursday at $83,032.61 (24hrs: -0.28%) ETH is up 0.61% at $1,795.41 (24hrs: +0.15%) CoinDesk 20 is up 1.54% at 2,479.75 (24hrs: +0.62%) Ether CESR Composite Staking Rate is up 6 bps at 3.08% BTC funding rate is at 0.0023% (2.4988% annualized) on Binance DXY is up 0.47% at 102.56 Gold is up 0.48% at $3,111.90/oz Silver is down 1.38% at $31.40/oz Nikkei 225 closed -2.75% at 33,780.58 Hang Seng closed -1.52% at 22,849.81 FTSE is down 3.4% at 8,186.43 Euro Stoxx 50 is down 4.26% at 4,895.26 DJIA closed on Thursday -3.98% at 40,545.93 S&P 500 closed -4.84% at 5,396.52 Nasdaq closed -5.97% at 16,550.61 S&P/TSX Composite Index closed -3.84% at 24,335.8 S&P 40 Latin America closed +0.21% at 2,453.38 U.S. 10-year Treasury rate is down 13 bps at 3.9% E-mini S&P 500 futures are down 2.17% at 5,315.00 E-mini Nasdaq-100 futures are down 2.34%% at 18,238.75 E-mini Dow Jones Industrial Average Index futures are down 2.26% at 39,854 Bitcoin Stats: BTC Dominance: 63 (0.31%) Ethereum to bitcoin ratio: 0.02162 (-1.05%) Hashrate (seven-day moving average): 839 EH/s Hashprice (spot): $46.31 Total Fees: 5.78 BTC / $478,070 CME Futures Open Interest: 135,025 BTC BTC priced in gold: 27.1 oz BTC vs gold market cap: 7.69% Technical Analysis The ratio between the dollar prices of bitcoin and gold is looking to trend lower. Gold, however, may see a "sell the fact" pullback in the wake of Wednesday's Trump tariffs, potentially leading to a breakout in the BTC-gold ratio. Such a move could be taken a sign of a renewed bull run in BTC, as the cryptocurrency tends to rally after gold. Crypto Equities Strategy (MSTR): closed on Thursday at $282.28 (-9.68%), down 1.11% at $279.14 in pre-market Coinbase Global (COIN): closed at $170.76 (-6.66%), down 3.29% at $165.14 Galaxy Digital Holdings (GLXY): closed at C$15.08 (-11.81%) MARA Holdings (MARA): closed at $11.23 (-9.58%), down 3.29% at $10.86 Riot Platforms (RIOT): closed at $7.30 (-8.98%), down 3.15% at $7.07 Core Scientific (CORZ): closed at $7.15 (-15.08%), down 1.96% at $7.01 CleanSpark (CLSK): closed at $7.41 (-7.61%), down 3.51% at $7.15 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $12.75 (-10.46%), down 0.16% at $12.73 Semler Scientific (SMLR): closed at $34.06 (-8.02%), down 6.05% at $32 Exodus Movement (EXOD): closed at $42.63 (-9.93%), down 0.09% at $42.59 ETF Flows Spot BTC ETFs: Daily net flow: -$99.8 million Cumulative net flows: $36.23 billion Total BTC holdings ~ 1.11 million. Spot ETH ETFs Daily net flow: -$3.6 million Cumulative net flows: $2.37 billion Total ETH holdings ~ 3.39 million. Source: Farside Investors Overnight Flows Chart of the Day The global search interest for the term "tariffs" reached a peak value of 100 on Thursday, indicating heightened curiosity and concern about trade taxes among the general public over the past 90 days. Peak interest among the general populace usually marks the end of a trend, meaning markets could soon be looking past tariffs. While You Were Sleeping Bitcoin Falls Back to $83K as China Announces 34% Tariffs on All U.S. Goods (CoinDesk): China announced retaliatory tariffs on all goods from the U.S. March Jobs Report a 'Heads I Win, Tails You Lose' Moment for Bitcoin Bulls (CoinDesk): Bitcoin's price stability above March lows suggests seller fatigue, with implied volatility indicating a potential 3.4% price swing in the next 24 hours. South Korea’s President Yoon Ousted as Court Upholds Impeachment (Reuters): The Constitutional Court said Yoon overstepped his powers by declaring martial law. An election must be held within 60 days, with Prime Minister Han Duck-soo serving as interim president. Inflation Fears Add to Pressure on Federal Reserve (Financial Times): Markets now see short-term U.S. inflation rising at its fastest pace since 2022. Solana's SOL Could See Nearly 6% Price Swing as Whales Dump Coins Before U.S. Jobs Data (CoinDesk): Volmex's one-day implied volatility index indicates SOL may see a 6% price swing as large investors offload holdings ahead of the U.S. non-farm payroll report. China’s Response to New U.S. Tariffs Will Likely Focus More on Stimulus, Building Trade Ties (CNBC): China is likely to respond by boosting stimulus, deepening Asian and African trade ties, and keeping the yuan strong to shift inflationary pressure onto the U.S., analysts said. In the Ether
Jack Dorsey, CEO of Block and former CEO of Twitter (Now X), has cautioned that Bitcoin may risk losing relevance if it remains solely a store of value. Speaking during an interview at Presidio Bitcoin, Dorsey emphasized the necessity for Bitcoin to evolve beyond mere “hodling” to ensure its long-term viability, highlighting the importance of enhancing Bitcoin’s utility. “I think it fails through irrelevance,” Dorsey stated. “If it just ends up being store of value and nothing more, I don’t think it gains relevance at all. I think it has to be payments for it to be relevant on the everyday.” Dorsey emphasized that for Bitcoin to succeed long-term, it needs to transition into a practical payment system used in daily transactions. Without this evolution, he believes Bitcoin could become something people “kind of buy and forget and only use in emergency situations.” The tech entrepreneur further pointed to emerging circular economies in regions outside the Western financial bubble as evidence of Bitcoin’s potential. “ You get down to Central America, South America, Africa… people are using Bitcoin to buy coffee, to buy dinner, to pay vendors. There’s tiny little circular economies happening, and they’re not talking about price,” he explained. His comments come as Bitcoin maximalists continue to be criticized for their rigid stance against innovation beyond the original Bitcoin protocol and their reluctance to embrace layer-two solutions that could enhance Bitcoin’s utility. Dorsey challenged maximalist thinking by expressing that the community “can do better than Lightning,” referring to the Lightning Network, a popular second-layer solution designed to enable faster Bitcoin transactions. “ I don’t think we just want to settle with having one layer two. I think we need to experiment a whole lot more and have different alternatives,” he said. Notably, several projects are already working toward making Bitcoin more open and accessible, including efforts to improve scalability, privacy, and payment functionality. Cardano , for example, has been developing interoperability solutions that could potentially enhance Bitcoin’s utility while maintaining its fundamental value proposition. Under Dorsey’s leadership, Block is also actively contributing to this vision through projects like an open-source mining rig, self-custodial wallet development, and their Cash App’s Bitcoin exchange. These initiatives aim to further decentralize Bitcoin’s infrastructure and make the cryptocurrency more accessible for everyday use. That said, as BTC approaches its 17 th year, Dorsey believes it stands at a crossroads. “ We have not lived up to that potential…we’re still pretty far away from it actually,” he noted, referring to Bitcoin’s original vision of “a peer-to-peer electronic cash system.” For Bitcoin to fulfill its promise as a true alternative to government-controlled currencies, he suggested the community must continue building “simple, accessible experiences that solve the payment use case” while making the network faster and more private, giving “real competition” to traditional payment networks like Visa and Mastercard.
The post XRP vs. Bitcoin: Retail Investors Drive XRP’s Growth While BTC Stalls appeared first on Coinpedia Fintech News A new report from Glassnode reveals an interesting shift in crypto investment trends. While Bitcoin struggles to maintain bullish momentum , XRP has become a hotspot for retail investors. Since 2022, active XRP wallets have surged by 490% compared to Bitcoin’s modest 10% rise. This suggests that everyday investors, rather than big institutions, are fueling XRP’s growth. However, the report also warns that this surge could be driven more by short-term speculation than long-term confidence, raising questions about whether XRP’s momentum will last or fade over time. $XRP has emerged as a new retail favorite this cycle, diverging from #Bitcoin ’s more institutional-driven rally. Since the 2022 cycle low, $XRP active addresses are up +490%, while $BTC has only seen a +10% increase – a sharp signal of speculative retail demand. pic.twitter.com/mGRuktUVXK — glassnode (@glassnode) April 3, 2025 BTC at Bear Trap? Looking at the current scenario, Bitcoin has been stuck between $76,000 and $87,000, not making any big moves up or down. Moreover, according to Glassnode, many sellers are running out of Bitcoin to sell, which usually hints at a possible price rebound. With no sign of rally indicator like “ Death Cross ” signals ongoing weakness. Plus, 4.7 million BTC remain at a loss, showing investor struggles. Retail vs. Institutional: A Tale of Two Cryptos Both Bitcoin and XRP have grown in value since their 2022 lows but for different reasons. Bitcoin’s rise has been steady, mainly influenced by major events like ETF approvals and political changes. On the other hand, XRP’s recent surge seems to have been fueled by excitement among small investors, who jumped in after December 2024. Glassnode’s data shows that XRP’s market value nearly doubled in a short time, from $30.1 billion to $64.2 billion. However, most of this growth comes from new investors. Almost half of the money flowing into XRP in recent months has come from people who entered the market in the last six months. In response to Glassnode data, Crypto analyst Raul O. Gonzalez Castilla highlights how Bitcoin is often seen as expensive while XRP appears to be a more attractive speculative opportunity for retail investors. Esto es parte de lo comentaba, #bitcoin puede percibirse caro, pero Cryptos como $XRP pueden percibirse como oportunidad para especular por parte de inversores de retail. La gráfica muestra la actividad de direcciones de BTC vs. XRP. Vía @glassnode pic.twitter.com/bfV12XI9mG — Raul O. Gonzalez Castilla (@RaulGlzC) April 2, 2025 What’s Driving XRP’s Popularity? Glassnode also found that most of XRP’s retail interest comes from the U.S. and Europe. In contrast, places like Asia and Africa show much less excitement for the coin. This could be because of clearer regulations in Western countries or because of strong community support for XRP in these regions. However, relying too much on new investors can be risky. When a cryptocurrency’s price is mainly pushed up by hype, it can also drop just as fast when that excitement fades. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Ripple Lawsuit Ends: Pro-XRP Lawyer John Deaton Revisits XRP Delisting Amid Coinbase Futures Filing , Is XRP Losing Momentum? Signs suggest that XRP’s rally may be slowing down . Since late February 2025, the amount of new money flowing into XRP has decreased. At the same time, the number of people making profits has dropped, meaning more traders are now selling at a loss. While XRP’s recent surge has been impressive, its long-term success is uncertain. If fewer new investors buy in, the price could drop. 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} } else if (subscribeStatus.notification_type === 1) { parent.document.getElementById('dailySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('daily_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('daily_' + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = 'none'; elementTounsubscribe.style.display = 'block'; } else { elementTosubscribe.style.display = 'block'; elementTounsubscribe.style.display = 'none'; } } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); unsubscribemodal.innerHTML=''; subscribedmodal.innerHTML=''; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll('#subscription-options-' + categoryid + ' input[type="checkbox"]'); var errorMessage = document.getElementById('error-message-select'); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute('data-id')); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(', '); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { 'subscribed_categories': concatinateSubscribeId }; var requestSubscriberData = { action: 'handle_dynamic_api_request_with_headers', security: '306e119b27', endpoint: '/app/email_newsletter/update_categories', token: '', data: categoryData }; jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader('X-Requested-With', 'XMLHttpRequest'); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We're sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; unsubscribemodal.style.display = 'block'; unsubscribemodal.classList.remove('hide'); unsubscribemodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'block'; document.getElementById('unsubscribe_' + categoryid).style.display = 'none'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'none'; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs Is Bitcoin in a bear trap? Bitcoin’s price is stuck between $76K and $87K, with selling pressure weakening, suggesting a potential rebound. What factors could cause XRP’s price to drop? A decline in new investor activity, reduced hype, and profit-taking by early buyers could lead to a price correction.
Democrats question the SEC's independence concerning the WLFI cryptocurrency project. Concerns arise over potential financial conflicts involving the Trump family. Continue Reading: Democrats Demand Transparency on Trump’s Linked Crypto Project The post Democrats Demand Transparency on Trump’s Linked Crypto Project appeared first on COINTURK NEWS .
President Donald Trump’s new tariffs have caused a stir in the financial market amid current sideways trading. Barely hours after the announcement, Bitcoin (BTC) and other assets recorded setbacks, lowering trader confidence. Most digital asset experts say the move could tighten inflows and restrict chances of a broader recovery. The total crypto market cap has slipped 3.8% since the move. Bear Market Fear Looms Bitcoin and altcoins have faced headwinds this year due to the United States trade wars. The new sweeping tariffs are expected to usher in a new phase of uncertainty among traders. Charles Edwards, the founder of Capriole Investment, explained that this scenario involves tariffs coming in higher than expected. The Philly Fed Business Outlook survey is compatible with 2002, 2008, and 2022. Notably, Bitcoin saw an extreme correction in 2022 after macro and industry factors plummeted the top crypto. In another of his reports, Edwards wrote that President Trump and the Fed’s decisions could decide the ultimate technical trendline. On one hand, bulls set sights for a $91k recovery, which looks unlikely due to recent tariffs. A dip to $71k “ would likely see a sizable bounce” as sentiments point to another red wave. “It remains to be seen how long the tariff uncertainty will remain. It could be days; it could be months. But we can certainly expect quite a bit of action on Wednesday as “Liberation Day” plays out. A 25% tariff on automobiles resulted in a ~6% drop in Bitcoin last week. As has been the case in the last weeks, should Wednesday’s new tariffs be substantial in magnitude, we can probably expect similar sized (or larger) moves over the coming week.” Bitcoin’s price slipped 8% after the tariff announcement. Altcoins like Ethereum and XRP dropped over 5%, mounting sell pressure . As uncertainty grew, this spiraled into a series of whale offloads. Trump Tariffs Impact On Crypto Stocks President Trump signed a 10% reciprocal tariff across the board. This raised the figures imposed on China to 34%, Vietnam to 32%, and the European Union to 20%. This impact extended to crypto stocks, which often correlate with the price of Bitcoin and altcoins. Coinbase stock plummeted 7.29% in the last 24 hours, while MSTR fell 6.4% to $291.79. Bitcoin mining stocks were also affected by the move. MARA tanked 8.6% while HUT and CLSK dropped 9% and 6%, respectively.
As Bitcoin is breaking out, Mow believes it is time it started decoupling, but here’s pivot