Bitcoin Magazine The U.S. Tariff War With China Is Good For Bitcoin Mining Today, China announced that it will increase tariffs on the goods it ships to the United States from 34% to 84% in response to President Trump stating that he will raise tariffs on the goods the U.S. ships to China to 104% . The increased Chinese tariffs on the U.S. will make it more costly for U.S.-based public Bitcoin mining companies to purchase ASICs (the premier machines used to mine bitcoin), the majority of which are produced in China. And this will be largely beneficial for the health of the Bitcoin mining ecosystem. As Troy Cross eloquently explained in “The Future OF Bitcoin Mining Is Distributed” , if one country controls too much of the Bitcoin hashrate, Bitcoin’s censorship resistance — one of its core value propositions — is put at risk. In the article, Cross highlighted that if the majority of the Bitcoin network’s hashrate is not only produced in the U.S. but produced by American public mining companies, the U.S. government has more leverage to mandate that these companies only mine OFAC-compliant blocks. For those who believe that these companies would push back or simply not follow such orders, please note that Marathon Digital Holdings, the largest publicly-traded Bitcoin mining company in the U.S., has already proven that it’s willing to comply with OFAC regulations . The Bitcoin network has a higher likelihood of maintaining its censorship resistance when the hashrate is distributed globally. As Cross mentioned in a recent interview (below), Bitcoin differs from other emerging technologies in that it does not benefit from one country controlling most of the industry around it. He acknowledges that this isn’t necessarily intuitive, and that the notion may be confusing to the likes of those who are behind President Trump when he declares that he wants “all bitcoin made in the U.S.A.” With the Bitcoin network, it’s best for countries to control a sizable portion of the network but not more than 50% of it. And as Cross mentioned in the interview above, he believes that the U.S. may already control more than 50% of the hashrate. However, this trend may now begin to reverse in the wake of China’s tariff increase on the U.S., because it will now be cheaper for the competitors of public U.S.-based Bitcoin miners to obtain ASICs than it will be for these companies. So, while the escalating tariff war may be incredibly anxiety-inducing on a number of levels, consider taking some solace in the fact that it may be good for Bitcoin. This post The U.S. Tariff War With China Is Good For Bitcoin Mining first appeared on Bitcoin Magazine and is written by Frank Corva .
World Liberty Financial (WLFI) – the DeFi venture tied to US President Donald Trump – appears to be offloading Ethereum amid increasing losses. According to on-chain data tracker Lookonchain, a wallet linked to WLFI sold 5,471 ETH for approximately $8 million on April 9 at a price of $1,465. This sale marks a major loss for the firm, which had previously spent around $210 million to acquire 67,498 ETH at an average price of $3,259 per coin. At the current price of Ethereum, WLFI is facing an unrealized loss of roughly $125 million. The sale could be a response to ETH’s recent price drop, which has seen it plunge below the $1,500 mark. Falling ETH Price CryptoPotato had previously reported that WLFI’s portfolio is heavily weighted in Ethereum, which makes up 65% of its holdings. Hence, the altcoin’s depreciation significantly impacted the project’s overall losses. As such, the decision to offload part of its holdings could signal a shift in strategy as it seeks to mitigate further damage from the falling ETH prices. Over the past 24 hours, Ethereum has lost more than 8%, briefly dropping to a low of $1,386 amidst a broader market downturn. The price has recovered modestly as the crypto was trading near $1,447 at the time of writing. Last month, WLFI revealed its plans to launch USD1, a stablecoin designed to be redeemable 1:1 for the US dollar. It will be entirely backed by short-term US government treasuries, US dollar deposits, and other cash equivalents. Initially, the USD1 tokens will be minted on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains, with future plans to expand to other networks. Each token will maintain a value of $1. Meanwhile, its backing will be supported by a reserve portfolio audited regularly by an independent third-party firm. World Liberty Financial WLFI was introduced by Trump in September 2024. The main objective was to streamline access to financial services by cutting out intermediaries. Later, Justin Sun, the founder of Tron, came on board as an advisor to the platform. The Trump family reportedly seized majority control of WLFI. The family’s company, DT Marks DeFi LLC, acquired a 60% stake in the platform in January 2025 through a new holding company, WLF Holdco LLC. As a result, two of WLFI’s co-founders, Zak Folkman and Chase Herro, were replaced by individuals associated with the Trump family. Under the new ownership structure, the Trump family is set to control 60% of the venture’s operating profits and 75% of the revenue from token sales. The post WLFI-Linked Wallet Offloads Ethereum as Losses Mount Amid Falling ETH Price appeared first on CryptoPotato .
Despite the ongoing volatility in global stock markets, Bitcoin demonstrates resilience, maintaining its position above critical support levels. The current climate, marked by US-China trade tensions, signals increased caution among
Imagine a world where your cryptocurrency isn’t just sitting in a digital wallet, but is readily available for your everyday spending – from your morning coffee to your grocery shopping. That future is rapidly becoming a reality as major players in the crypto and financial industries join forces. Get ready for a groundbreaking development that’s set to redefine how you spend crypto in the UK and Europe! Unveiling the Revolutionary Crypto Debit Card: Kraken Mastercard Leading cryptocurrency exchange Kraken has announced a strategic partnership with global payments giant Mastercard to introduce a crypto debit card across the United Kingdom and Europe. This exciting collaboration, initially reported by CoinDesk, is poised to bridge the gap between the burgeoning world of digital assets and traditional finance. The new card, powered by Mastercard’s extensive payment network, will be integrated into Kraken Pay, Kraken’s existing suite of payment solutions. This means users will soon be able to seamlessly utilize their cryptocurrency holdings to make purchases at over 150 million merchant locations worldwide that accept Mastercard. This initiative marks a significant step forward in mainstream crypto adoption, offering users in the UK and Europe unprecedented access to the utility of their digital assets. The card will support a range of cryptocurrencies and stablecoins, providing flexibility and choice for users looking to spend crypto in their daily lives. With availability slated for the coming weeks, anticipation is building for what this launch means for the future of crypto payments. Why a Kraken Mastercard Crypto Debit Card is a Game Changer? The introduction of a Kraken Mastercard crypto debit card brings a multitude of benefits to both crypto enthusiasts and newcomers alike. Let’s delve into some key advantages: Seamless Spending: Forget the cumbersome process of converting crypto to fiat currency before making a purchase. This card allows for direct spending of your crypto holdings wherever Mastercard is accepted. Global Acceptance: With Mastercard’s vast network spanning over 150 million merchants globally, the card ensures you can spend crypto virtually anywhere, anytime. Whether you’re shopping online or at a brick-and-mortar store, your crypto is now as spendable as traditional currency. Enhanced Crypto Utility: This card significantly increases the real-world utility of cryptocurrencies. It moves crypto beyond being just an investment asset and firmly into the realm of everyday transactions. Convenience and Accessibility: The familiarity of a debit card makes using crypto for payments incredibly convenient. It removes technical barriers and makes crypto spending accessible to a wider audience, not just seasoned crypto users. Kraken Pay Integration: Being part of Kraken Pay, users can expect a streamlined and user-friendly experience, backed by Kraken’s reputable platform and security measures. Understanding Crypto Payments with the Kraken Mastercard How exactly will crypto payments work with this new card? Here’s a breakdown of the expected process: Fund your Kraken Account: Users will need to have cryptocurrency or stablecoins in their Kraken account to utilize the debit card. Kraken Pay Integration: The card is linked to Kraken Pay, which acts as the payment gateway. When you make a purchase, the transaction is routed through Kraken Pay. Real-time Conversion: At the point of sale, your cryptocurrency will be converted to fiat currency in real-time. This conversion happens seamlessly in the background, ensuring a smooth transaction for the user and the merchant. Supported Cryptocurrencies and Stablecoins: While the specific list is yet to be fully detailed, the card is expected to support major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and potentially popular stablecoins like USDT and USDC. This variety allows users to choose which digital assets they prefer to spend crypto with. Mastercard Network: The fiat currency equivalent is then processed through the Mastercard network, just like any traditional debit card transaction, ensuring wide acceptance and reliability. This process simplifies crypto payments significantly, removing the complexities often associated with using digital assets for everyday purchases. It’s designed to be as straightforward as using a regular debit card, making it user-friendly for everyone. Crypto Debit Cards in UK & Europe: A Transformative Leap? The launch of the crypto debit card by Kraken and Mastercard in the UK & Europe is more than just a product launch; it’s a potential catalyst for wider cryptocurrency adoption in the region. Consider these points: Aspect Impact on UK & Europe Increased Accessibility Makes crypto spending accessible to millions of users across the UK and Europe, fostering greater familiarity and usage. Mainstream Adoption Partnership with Mastercard lends credibility and trust, potentially encouraging more mainstream users to explore and adopt cryptocurrencies. Regulatory Acceptance Signals a growing acceptance of cryptocurrencies by established financial institutions and regulatory bodies in the UK and Europe. Competitive Landscape May spur other crypto exchanges and financial institutions to develop similar products, driving innovation and competition in the crypto payment space. Economic Impact Could potentially boost the digital economy in the UK and Europe, fostering innovation in fintech and payment solutions. However, it’s important to acknowledge that the path to widespread crypto debit card adoption isn’t without its potential hurdles. Navigating the Challenges of Crypto Debit Card Adoption While the prospects are exciting, there are potential challenges to consider as crypto debit cards become more prevalent: Transaction Fees: Users need to be aware of any potential transaction fees associated with using the card, including conversion fees and network fees. Transparency in fee structures will be crucial for user adoption. Cryptocurrency Volatility: The inherent volatility of cryptocurrencies could be a concern. The value of the crypto used for a purchase could fluctuate between the time of transaction and settlement. However, the inclusion of stablecoins as a supported option can mitigate this risk. Regulatory Scrutiny: As crypto adoption grows, regulatory scrutiny is likely to increase. Crypto debit card providers will need to navigate evolving regulatory landscapes in different European countries and the UK to ensure compliance. User Education: Effective user education will be essential to ensure people understand how the card works, the associated fees, and the potential risks and benefits of using crypto payments . Merchant Adoption (Indirect): While Mastercard acceptance is vast, educating merchants about the underlying crypto payment ecosystem and its benefits could further enhance adoption over time, even though merchants receive fiat in this model. Conclusion: A Bold Step Towards Crypto Mainstream The launch of the Kraken Mastercard crypto debit card in the UK and Europe is undoubtedly a monumental leap towards mainstream cryptocurrency adoption. By partnering with a global payments leader like Mastercard, Kraken is making it easier and more practical than ever before for users to spend crypto in their everyday lives. This initiative has the potential to revolutionize how we think about and use digital assets, blurring the lines between the crypto and traditional financial worlds. As the card becomes available in the coming weeks, it will be fascinating to witness its impact on the crypto landscape and its role in shaping the future of finance. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Since the beginning of the year, decentralized finance (DeFi) activity has diminished significantly across multiple indicators. Although the outlook appeared encouraging early on, shifting macroeconomic pressures and market retracements have been central to the downturn. DeFi Protocols Stumble in 2025 Recent weeks have been particularly turbulent for crypto markets, following President Donald Trump’s imposition of
Risky assets remain volatile as trade war tension between the United States and China keeps investors on the edge. A minor positive is that Bitcoin ( BTC ) has avoided a sharp fall and is trading well above the crucial near-term support at $73,777. BitMEX co-founder Arthur Hayes said in a post on X that the PBOC (People’s Bank of China) could give the catalyst needed for the next leg of the crypto bull run by weakening the yuan. Such a move led to Chinese capital flight into Bitcoin in 2013 and 2015, and it could work again in 2025. Crypto market data daily view. Source: Coin360 The situation remains fluid and difficult to predict. Therefore, investors seem to be curtailing risk, as seen from the $595.9 million in outflows from the US-listed spot Bitcoin exchange-traded funds in the past four trading days, per Farside Investors data. Could Bitcoin hold above the $73,777 support, or will the bears pull the price below it? How are the altcoins positioned? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price analysis Bitcoin tried to start a recovery on April 8 but met with strong selling near the 20-day exponential moving average ($82,218). That suggests the sentiment remains negative, and traders are selling on rallies. BTC/USDT daily chart. Source: Cointelegraph/TradingView The downsloping moving averages indicate an advantage to bears, but the positive divergence on the relative strength index (RSI) suggests the bearish momentum could be slowing down. However, if the $73,777 level cracks, the BTC/USDT pair could swiftly nosedive to the next support at $67,000. Solid buying is likely to emerge in the $67,000 to $65,000 support zone. The 50-day simple moving average ($85,703) remains the key overhead resistance to watch out for. Buyers will have to drive the price above the 50-day SMA to suggest that the corrective phase may have ended. Until then, rallies are likely to be sold into. Ether price analysis Ether ( ETH ) has been in a strong downtrend, but the price has reached the $1,368 support, which could start a relief rally. ETH/USDT daily chart. Source: Cointelegraph/TradingView The ETH/USDT pair could rise to the 20-day EMA ($1,786), which is likely to act as a stiff hurdle. If the price turns down from the 20-day EMA, the bears will try to sink the pair below $1,368. If they can pull it off, the pair may collapse to $1,150. Instead, if the price turns down from the 20-day EMA but rebounds off $1,368, it will signal a range formation in the near term. A break and close above the 20-day EMA suggests the bears are losing their grip. The pair may then ascend to the breakdown level of $2,111. XRP price analysis XRP ( XRP ) tried to rise above the breakdown level of $2 on April 8, but the bears held their ground. That suggests the bears are trying to flip the level into resistance. XRP/USDT daily chart. Source: Cointelegraph/TradingView If the price turns down and breaks below $1.61, the XRP/USDT pair could resume the downtrend. The next support on the downside is at $1.27. Conversely, if buyers drive the price above the 20-day EMA ($2.10), it suggests solid demand at lower levels. There is a minor hurdle at the 50-day SMA, but it is likely to be crossed. If that happens, the pair could rally to the resistance line, where the bears are expected to sell aggressively. BNB price analysis BNB ( BNB ) is trying to form a higher low at $520, indicating solid buying by the bulls at lower levels. BNB/USDT daily chart. Source: Cointelegraph/TradingView The bulls will try to push the price toward the downtrend line, which is expected to act as a solid barrier. If the price returns from the downtrend line, it will indicate that the bears are active at higher levels. The BNB/USDT pair may oscillate inside the triangle for a while. The support line is the crucial level to watch out for on the downside. A break and close below the support line could open the doors for a fall to $460. Buyers are expected to defend the $460 level with all their might because a break below it may sink the pair to $400. Solana price analysis Solana ( SOL ) has been trading below the $110 support, but the bears have failed to start a downward move. That suggests a lack of aggressive selling at lower levels. SOL/USDT daily chart. Source: Cointelegraph/TradingView Buyers are expected to face stiff resistance in the $110 to $120 zone. If the price turns down from the overhead zone, it will signal that the bears remain sellers on rallies. That heightens the risk of a break below $95. The SOL/USDT pair may then tumble to $80. Alternatively, a break and close above $120 suggests that the markets have rejected the breakdown below $110. The 50-day SMA ($135) may act as a resistance, but it is likely to be crossed. The pair could rise to $147 and, after that, to $180. Dogecoin price analysis Dogecoin ( DOGE ) is witnessing a tough battle between the bulls and the bears near the $0.14 support. DOGE/USDT daily chart. Source: Cointelegraph/TradingView The downsloping moving averages indicate advantage to bears, but the positive divergence on the RSI suggests the selling pressure is reducing. However, if the price dips and maintains below $0.14, the selling could pick up again. The next stop on the downside is at $0.10. Contrarily, a break and close above the $0.20 resistance signals the formation of a double bottom pattern. The DOGE/USDT pair could rally to $0.24 and later to the pattern target of $0.26. Cardano price analysis Buyers are trying to keep Cardano ( ADA ) above the $0.50 support but are expected to face selling on every minor rally. ADA/USDT daily chart. Source: Cointelegraph/TradingView If the price turns down from the 20-day EMA ($0.65), it increases the risk of a break below $0.50. The ADA/USDT pair could then drop to $0.45 and subsequently to $0.40. Buyers are expected to fiercely defend the $0.30 to $0.40 support zone. The first sign of strength will be a break and close above the 20-day EMA. If that happens, the pair may climb to the 50-day SMA ($0.72). This is an important level for the bears to defend because a break above it signals a short-term trend change. Related: Bitcoin price at risk of new 5-month low near $71K if tariff war and stock market tumult continues UNUS SED LEO price analysis UNUS SED LEO ( LEO ) has started a recovery, which is expected to face selling at the 20-day EMA ($9.36). LEO/USD daily chart. Source: Cointelegraph/TradingView If the price turns down from the 20-day EMA, it will signal that the sentiment has turned negative and traders are selling on rallies. That increases the risk of a break below the $8.80 support. If that happens, the LEO/USD pair could drop to $8.30. Contrary to this assumption, if the price rises and maintains above the 20-day EMA, it indicates solid buying at lower levels. The bulls will then attempt to push the price to the overhead resistance at $9.90. Chainlink price analysis Chainlink ( LINK ) has dropped to the support line of the descending channel pattern, where buyers are expected to step in. LINK/USDT daily chart. Source: Cointelegraph/TradingView The rebound off the support line is expected to face strong selling at the moving averages. If the price turns down sharply from the moving averages, the LINK/USDT pair could break below the support line. The next support on the downside is at $8. Buyers have an uphill task ahead of them. They will have to push and maintain the price above the 50-day SMA ($14.50) to suggest that the bearish momentum has weakened. The pair may then rise to the resistance line. Toncoin price analysis Toncoin ( TON ) is finding support at $2.84, but the failure to start a strong rebound suggests a lack of demand from the bulls. TON/USDT daily chart. Source: Cointelegraph/TradingView The 20-day EMA ($3.41) is sloping down, and the RSI is in negative territory, indicating that bears have the edge. If the price dips below $2.84, the TON/USDT pair could plunge to $2.35. If buyers want to prevent the downside, they will have to drive and maintain the price above the moving averages. That could open the doors for a rally to $4.14, where the bears are expected to mount a strong defense. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The post Top Coins for Crypto Portfolios in Q2 – Kaanch Network Makes the Cut appeared first on Coinpedia Fintech News As Q2 2025 unfolds, it’s the perfect time to rebalance your portfolio and make strategic additions. The market is entering a renewed bullish phase, and the smartest investors are looking beyond legacy coins and into fresh, high-utility altcoins. If you’re building a basket of top cryptos to buy this quarter, Kaanch Network deserves a spot. Why Portfolio Diversification Matters in Q2 Diversification is not just about owning different coins — it’s about owning the right mix of growth, stability, and early-stage opportunities. In Q2 2025, three major trends are defining investor strategy: Rotation from mega-cap to micro-cap altcoins Surge in institutional demand for privacy protocols Early access through presale allocations All three trends point to projects like Kaanch , a new Layer-1 blockchain offering high upside with real utility — making it a best crypto to buy for 100x potential. Kaanch Network: The Standout Asset This Quarter Kaanch Network is built for speed, privacy, and real-world use cases. Its architecture supports tokenized real-world assets, identity frameworks, and enterprise DeFi — while maintaining scalability and decentralization. Why Kaanch Belongs in Your Q2 Portfolio: zk-Proof Technology : Privacy without sacrificing transparency Low-Cost, High-Speed Transactions Deflationary Tokenomics : Built-in burn and staking DAO Governance and community-led growth Presale Entry : Still available before mainstream exposure This rare combination makes Kaanch a strong cheap crypto to buy for a 100x return in the upcoming cycle. Other Top Coins to Watch in Q2 Here are three more coins that may complement Kaanch in a diversified Q2 portfolio: Chainlink (LINK) – Oracle infrastructure powering smart contract data feeds Celestia (TIA) – Modular blockchain building Web3’s data availability layer Immutable (IMX) – Web3 gaming platform with strong partnerships and adoption Still, Kaanch holds a unique advantage as a presale-stage altcoin — giving early investors the asymmetric upside missing from large caps. Build Early, Reap Big Every cycle, new wealth is built by those who entered early — not just into the market, but into the right tokens . Kaanch is being called one of the top crypto investments this year due to its vision, timing, and access point. BE A PART NOW → https://presale.kaanch.com Official Website: https://kaanch.com Whitepaper: https://docs.kaanch.network Twitter / X: https://x.com/KaanchNetwork Telegram: https://t.me/kaanchnetwork Frequently Asked Questions (FAQs) 1. What are the top coins to include in a Q2 2025 crypto portfolio? Kaanch Network, Chainlink, and Celestia are leading picks for this quarter — with Kaanch standing out as the only one still in presale. 2. Which crypto has the most growth potential in early 2025? Analysts say Kaanch could deliver outsized returns due to its enterprise-grade design, privacy protocol, and timing. 3. How does crypto investing work with presale tokens? Presale investing allows early access to tokens before listings. It’s one of the best ways to build exposure to undervalued coins like Kaanch. 4. What crypto should I buy right now for long-term gains? If you’re building a long-term basket, early-stage picks like Kaanch offer greater growth potential than saturated large caps. 5. Which crypto is worth investing in before the next bull cycle? Kaanch Network is quickly rising as a smart, forward-looking investment with all the fundamentals aligned for a breakout in 2025.
Cryptocurrencies like Dogecoin and Shiba Inu have been making headlines, but stormy times could be ahead. The latest analysis suggests these popular digital coins might be in for a rough ride, with values predicted to plunge significantly. Could these meme-based investments lose more than 60% in the next month? Exploring their future prospects uncovers the potential for growth in other coins. Dogecoin's Recent Performance and Price Dynamics Dogecoin dropped 18% in one week and lost 15% over the past month, though it did show a 34% gain over the last six months. The price fluctuations occurred within a range of $0.13 to $0.23 as momentum and oscillator readings slightly dipped into negative territory. The relative strength index stands at 33.24, indicating an oversold condition alongside longer-term recovery trends, which reflects mixed market sentiment regarding its recent behavior. The current trading range is between $0.13 and $0.23, with immediate resistance at $0.28 and support at $0.08. The absence of a clear trend and weak momentum indicate a cautious stance from bulls. Potential trading opportunities may arise if the price successfully bounces off the support level or tests the resistance area in the near term. Shiba Inu: Recent Downturn and Key Price Levels to Watch Last month SHIB recorded an 8.23% loss, while the coin has seen a 36.16% drop over the past six months. A significant weekly decline of 15.62% underscores the ongoing pressure on price action. The coin's performance has remained limited within a narrow range, characterized by negative momentum and low oscillator readings. Price corrections have intensified, with persistent downtrends signaling a market under stress. Current price fluctuates between $0.00001 and $0.00002, facing strong resistance at $0.00002 and solid support at $0.00001. The bears are mostly in control, as technical indicators reveal an RSI of 31.70 and negative momentum, indicating a lack of a clear bullish trend. Traders may consider short-term opportunities within these levels while keeping an eye on potential breakout signals. Conclusion DOGE and SHIB face potential significant losses in the near future. The market volatility may impact their values severely. Investors should stay informed about market trends and news. Careful consideration is crucial before making any decisions. The potential for a steep decline highlights the importance of staying updated. With a possible downturn looming, it's vital to keep track of these coins closely. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Justin Sun's allegations that Hong Kong-based custodian First Digital Trust is insolvent have landed him in the cross-hairs of a defamation claim initiated by the company. First Digital's FDUSD stablecoin briefly de-pegged on April 3 after Sun claimed the company was "insolvent," though it has since virtually recovered, according to CoinDesk markets data. The writ of summons, the first step in a defamation claim, was filed late last week and requests the Hong Kong High Court to issue an injunction restraining Sun from making further statements on the matter. It also asks for an injunction requiring Sun to publish retractions. It also asks for the Court to issue an award for damages (though it doesn't specify how much) for "unlawful interference with the Plaintiff's contractual and business relationships" and "causing damage to the Plaintiff's business." In the time since Sun made his first claim on X that First Digital was insolvent, the Tron founder has since doubled down on the issue, holding a press conference late last week in Hong Kong alleging fraud and calling on the territory's regulators to reform rules around trusts. For its part, First Digital has posted examples of redemptions going through. A date for an initial court hearing has not been set. Sun has not yet filed a response, but posted on X that he "welcomes any legal process." A spokesperson for Sun had no comment on the matter. The case number is HCA 680 in Hong Kong's High Court.