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Get ready for a significant shift in the Japanese cryptocurrency landscape! SBI VC Trade , the crypto exchange arm of financial giant SBI Group, is making waves. They’ve just announced a groundbreaking development: the exchange has secured Japan’s first license for a stablecoin-related trading business and will be supporting USDC stablecoin starting March 12th. This is not just another listing; it’s a potential game-changer for digital currency adoption in Japan and beyond. Let’s dive into what this exciting news means for you and the crypto world. What Makes USDC Stablecoin a Key Player? Before we delve deeper into SBI VC Trade’s move, let’s understand why USDC stablecoin is garnering so much attention. In the volatile world of cryptocurrencies, stablecoins offer a beacon of stability. Here’s a breakdown of why USDC is considered a crucial digital asset: Pegged to the US Dollar: USDC is designed to maintain a 1:1 peg with the US dollar. This means for every USDC in circulation, there is a corresponding dollar held in reserve. This peg provides price stability, unlike the fluctuating nature of other cryptocurrencies like Bitcoin or Ethereum. Transparency and Trust: USDC is issued by Centre, a consortium founded by Circle and Coinbase. They are committed to transparency, regularly publishing attestations of their reserves by reputable accounting firms. This builds trust and confidence in the stablecoin’s peg. Growing Adoption: USDC is one of the most widely adopted stablecoins globally. It’s used across various decentralized finance (DeFi) platforms, centralized exchanges, and for international remittances. Its utility is continuously expanding. Regulatory Compliance: Circle actively engages with regulators and strives for compliance. This proactive approach makes USDC a preferred choice for institutions and users concerned about regulatory clarity. In essence, USDC acts as a bridge between the traditional financial system and the crypto world, offering the benefits of digital currencies without the extreme price swings. This stability is vital for wider digital currency adoption , particularly in markets like Japan where regulatory compliance and stability are highly valued. SBI VC Trade Secures Landmark Stablecoin Regulation License The real newsmaker here is SBI VC Trade securing Japan’s first “stablecoin-related trading business” license. This isn’t just a procedural step; it’s a landmark achievement under Japan’s evolving stablecoin regulation . Here’s why this license is so significant: First of its Kind: This license is specifically tailored for businesses handling stablecoins and related electronic payment services. SBI VC Trade is the pioneer in obtaining this specific regulatory approval in Japan. Regulatory Green Light: Japan has been proactive in establishing a regulatory framework for cryptocurrencies. This license demonstrates that SBI VC Trade has met stringent requirements and is operating within the legal boundaries set by Japanese authorities. Boosts Credibility: Being licensed by Japanese regulators enhances SBI VC Trade’s credibility and trustworthiness, both domestically and internationally. It signals a commitment to operating legally and responsibly within the crypto space. Opens Doors for Innovation: This license paves the way for SBI VC Trade to offer a broader range of stablecoin-related services, potentially including payments, remittances, and DeFi integrations, further driving digital currency adoption . This regulatory victory for SBI VC Trade is a strong indicator of Japan’s progressive approach to digital assets. It suggests a willingness to foster innovation while ensuring consumer protection and market integrity. This could set a precedent for other countries looking to establish clear stablecoin regulation frameworks. How Will This Impact the Japan Crypto Exchange Market? SBI VC Trade’s support for USDC is poised to have a ripple effect across the Japan crypto exchange market. Let’s examine the potential impacts: Impact Area Potential Effect Increased Trading Volume USDC is a popular trading pair. Its addition could attract more traders to SBI VC Trade, boosting overall trading volume on the exchange. Enhanced Liquidity Stablecoins like USDC enhance market liquidity by providing readily available trading pairs and facilitating faster transactions between different cryptocurrencies and fiat currencies. Attracting Institutional Investors Institutional investors often prefer regulated and compliant platforms. SBI VC Trade’s license and USDC support could make it more appealing to institutions looking to enter the Japanese crypto market. Competitive Pressure Other Japan crypto exchange platforms may feel pressure to also seek stablecoin licenses and list USDC or other stablecoins to remain competitive. This could lead to a broader adoption of stablecoins across the Japanese market. Broader Market Growth Increased accessibility to stablecoins like USDC can contribute to the overall growth of the Japanese cryptocurrency market by providing a stable and reliable on-ramp and off-ramp for digital assets. Essentially, SBI VC Trade’s move could be a catalyst for a more mature and robust Japan crypto exchange ecosystem, attracting both retail and institutional participants. Benefits of USDC Support on SBI VC Trade: What’s in it for You? For users and traders, the introduction of USDC on SBI VC Trade brings several tangible benefits: Stable Trading Pair: USDC provides a stable and reliable trading pair against other cryptocurrencies. This reduces the risk of volatility when moving funds in and out of crypto positions. Fiat-like On-ramp/Off-ramp: USDC can function as a near-fiat on-ramp and off-ramp. Users can easily convert Japanese Yen to USDC and vice versa (through SBI VC Trade’s services), making it easier to enter and exit the crypto market. Reduced Transaction Costs: Using USDC for transactions can sometimes be more cost-effective than using traditional banking channels, especially for international transfers. DeFi Opportunities: While specifics are yet to be announced, SBI VC Trade’s license could potentially open doors for users to access DeFi opportunities involving USDC in the future, expanding their access to decentralized financial services. Increased Confidence: Trading on a licensed platform that supports a regulated stablecoin like USDC can enhance user confidence and security in their crypto activities. In short, USDC support on SBI VC Trade offers a more stable, efficient, and potentially more versatile experience for cryptocurrency users in Japan. Navigating the Future of Stablecoins and SBI VC Trade While this news is overwhelmingly positive, it’s important to consider the broader context and potential challenges: Evolving Regulatory Landscape: Stablecoin regulation is still evolving globally. While Japan is taking a proactive approach, the regulatory landscape could change, potentially impacting how stablecoins are used and regulated in the future. Competition in the Stablecoin Market: USDC is not the only stablecoin. Tether (USDT) is another dominant player, and other stablecoins are emerging. Competition and market dynamics could influence the long-term success and adoption of USDC in Japan. User Education: Wider adoption of stablecoins requires user education. SBI VC Trade and other industry players will need to educate users about the benefits and risks associated with stablecoins to ensure responsible usage. Despite these considerations, SBI VC Trade’s move to support USDC is a significant step forward for the Japanese cryptocurrency market. It underscores the growing legitimacy and integration of digital assets within the traditional financial system. As digital currency adoption continues to accelerate, expect to see more innovative developments in the stablecoin space and further regulatory clarity around the globe. Conclusion: A Breakthrough for Japan’s Crypto Future SBI VC Trade’s acquisition of Japan’s first stablecoin license and its decision to support USDC is more than just a news headline; it’s a breakthrough moment for the Japanese cryptocurrency industry. It signifies regulatory progress, increased market maturity, and greater accessibility to stable and reliable digital assets for users. This move not only benefits SBI VC Trade and its users but also contributes to the broader growth and acceptance of cryptocurrencies in Japan and potentially sets a positive example for other nations. Keep an eye on March 12th – it marks the beginning of a new chapter for USDC and SBI VC Trade in the dynamic world of digital finance. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Uphold, the US-based cryptocurrency exchange, has made two significant announcements in the evolving crypto landscape of United States. On Monday, it relaunched its staking services for 19 digital assets in the US as the new crypto task force of SEC is marking a new dawn of pro-crypto regulatory environment in the United States. Further, as the US President announced his decision to create a US “Crypto Strategic Reserve”, Uphold introduced a new investment basket for its users, namely the US Crypto Reserve Basket. The new Uphold basket will allow users to invest in the cryptocurrencies designated as part of a US strategic reserve. The heated deliberations on which cryptos to include in the strategic reserve and which not, are still ongoing but the specified Uphold basket will make it easy for investors to trade and identify the digital assets associated with the US Crypto Reserve. US Residents to get enhanced returns by Staking Uphold relaunching its staking services will allow residents of US residents to earn upto 14.4% return by staking. By pledging their assets, users lock crypto into a Blockchain, allowing them to earn rewards in their preferred crypto and secure Blockchain networks. Since rewards are set by crypto networks with specific APY rates, users do not have to continuously monitor crypto markets to earn. Unlike conventional interest-bearing financial instruments, staking rewards are distributed in the same cryptocurrency that was staked, providing users with an incentive to actively participate in blockchain governance and validation. Rewards will be distributed weekly, ensuring a steady stream of passive income for those engaging with the service. Now, with the Uphold’s staking services back in the US, users can stake in 19 different cryptocurrencies, including Ethereum (ETH), Solana (SOL), Cardano (ADA), Palkadot (DOT), and Hedera (HBAR). The move by Uphold comes amid the more crypto-friendly regulatory framework. In the last week, SEC has dismissed several high-profile cases, including those against exchanges such as Coinbase and Kraken. You've been patient. Now is the time to be rewarded. Staking is back on Uphold for U.S. residents. 19 assets are available to stake immediately, including favorites like $HBAR , $ADA , $SOL , $ETH , and $DOT . Learn more: https://t.co/H0YpOfkPsW Get started. — Uphold (@UpholdInc) March 3, 2025 Uphold CEO Simon McLoughlin while emphasising on the improved regulatory environment under the new administration, said on the relaunch of staking services in US, “Staked crypto holdings, integral to Proof-of-Stake blockchain protocols, play a vital role in the healthy functioning of the on-chain finance ecosystem. Blockchain platforms use staking to validate transactions, bolster security, and maintain the network while promoting inclusivity for wallet owners worldwide. Users should absolutely be able to support this activity and earn from that support.” 19 Assets available for Staking alongwith their rewards rate. Souce: https://uphold.com/staking Uphold’s New Investment Option of U.S. Crypto Reserve Basket As mentioned, alongside the staking service relaunch, Uphold has introduced a new investment product called the U.S. Crypto Reserve basket. This feature will allow users to invest in a diversified selection of digital assets designated as part of a U.S. strategic reserve. The basket includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), reflecting a curated selection of high-liquidity cryptocurrencies. Uphold Baskets are meticulously curated collections of cryptocurrencies, designed to simplify the process of diversifying your portfolio. By grouping together assets based on various market sectors, Uphold Baskets can spread users’ investment across multiple cryptocurrencies. All eyes hooked on the upcoming developments Thus, the Uphold’s relaunch of staking services represents a pivotal moment for crypto users in the U.S., highlighting a shift in how regulators perceive staking and blockchain governance. Further, the new basket introduction marks a significant step in the evolving saga on the US Crypto Reserve . As the industry moves forward, all eyes will be on whether this marks the beginning of a new era of crypto adoption and financial integration. The post Uphold Relaunches Staking Services in the US and Unveils new Basket for U.S. Crypto Reserve appeared first on CoinGape .
Bitcoin’s current market dynamics suggest it is navigating through a crucial corrective phase, potentially setting the stage for future price surges. This period of consolidation may lead to a decisive
The post Binance Lists GoPlus Security (GPS) Token, Adds to HODLer Airdrop Program appeared first on Coinpedia Fintech News Binance, the largest crypto exchange by trading volume, has announced plans to integrate GPS tokens from GoPlus Security, a company offering decentralized, user-driven security services for Web3. GoPlus Security’s token, GPS, will be available for trading on Binance starting Tuesday, March 4, at 13:00 UTC, with select token pairs as per a recent announcement from Binance. “Binance will then list GPS at 2025-03-04 13:00 (UTC) and open trading against USDT, USDC, BNB, FDUSD, and TRY pairs,” the exchange stated. Binance Includes GPS in HODLer Airdrops Besides, the exchange will also include GPS in HODLer airdrops, rewarding BNB holders with tokens based on their past BNB balances. Unlike other earning methods that require continuous actions, HODLer Airdrops reward users retroactively, allowing them to earn tokens easily. By subscribing BNB to Simple Earn products or On-Chain Yields, users automatically qualify for rewards. “Binance is excited to announce the 11th project on the HODLer Airdrops page – GoPlus Security (GPS). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from 2025-02-19 00:00 (UTC) to 2025-02-24 23:59 (UTC) will get the airdrop distribution,” the exchange added. GPS HODLer Airdrop Details The GoPlus Security (GPS) token has a total supply of 10 billion GPS tokens, with a maximum supply capped at the same amount. For HODLer airdrops, 300 million GPS tokens (3% of the total supply) are allocated as rewards. Additionally, 400 million GPS tokens will be set aside for future marketing campaigns starting six months after the spot listing, with further details to be shared later. Upon listing on Binance, the circulating supply will be 1.81 billion GPS tokens, which is 18.1% of the total supply. GPS Surges By 16% Users can begin depositing GPS tokens at 10:20 UTC ahead of trading. As a precaution to distinguish GPS with other tokens, Binance will assign a unique seed phrase to GPS. Additionally, Binance will list GPS with zero trading fees, allowing users to trade without incurring any charges. Following the Binance listing announcement, GPS surged by 16%. Binance’s involvement with GoPlus Security dates back to December 2022, when Binance Labs led a private funding round to boost the company’s tech and Web3 security. However, Binance did not participate in GoPlus’s earlier funding round in April 2022.
Futures open interest in key cryptocurrencies has fallen sharply, indicating traders are reducing positions amid macroeconomic uncertainty. Crypto traders are scaling back long positions as uncertainty builds, with futures open interest dropping sharply amid trade war worries and the Fed’s tough stance. In a March 4 post on X, Singapore-based blockchain firm Matrixport revealed that Bitcoin ( BTC ), Ethereum ( ETH ), and Solana ( SOL ) futures have seen a huge drop in open interest. 📊Today’s #Matrixport Daily Chart – March 4th 2025🔽 Crypto Market in Risk-Off Mode: Futures Unwinding Amid Macro Uncertainty #Crypto #BTC #BTCETF #CryptoMarket pic.twitter.com/WUE0vsSvoG — Matrixport Official (@Matrixport_EN) March 4, 2025 “Notably, Ethereum’s open interest has dropped back to levels last seen in the summer of 2024. Despite Trump’s recent tweet about a potential Strategic Bitcoin Reserve and the upcoming White House Crypto Summit on March 7, the market remains in risk-off mode, with participants cutting exposure.” Markus Thielen, independent analyst The blockchain firm notes that many traders seem to be waiting for clearer signals before re-entering the market, with the Fed’s policies remain a key concern. You might also like: Bitcoin ETF selling cools off, but not thanks to Trump’s strategic crypto reserve, analysts say The warning comes as U.S. President Donald Trump said 25% tariffs on goods from Mexico and Canada will take effect from March 4, ramping up trade tensions and rattling financial markets. In late February, Matrixport’s analysts warned that Bitcoin’s price could stay under pressure until April due to a stronger U.S. dollar and shifting market dynamics. With Bitcoin becoming more tied to traditional finance, the analysts now expect the price downturn to last until April. After the correction, Bitcoin could try to bounce back to previous highs, they add. Matrixport also noted the growing role of Wall Street investors. While wealth and asset managers see Bitcoin as a long-term investment, hedge funds are using arbitrage strategies to profit from Bitcoin’s volatility. Per Matrixport, these hedge funds “collectively hold $10 billion in Bitcoin ETFs, and with total inflows reaching $39 billion, this suggests that at least 25% of Bitcoin ETF capital is tied to arbitrage trades.” Read more: Crypto ETFs can become third-largest asset class in US by end-2025, State Street forecasts
The crypto market is back on the decline only a day after it received a much-needed boost from Trump’s crypto reserve announcement. Here’s why crypto is down today. According to data from crypto.news, the top six largest tokens by market cap have gone down in value in the past 24 hours, ranging from 7% to a 20% decline. The overall crypto market cap has plummeted by 10.4% to $2.8 billion. Just a day before, the crypto market cap surged to as high as $3.2 billion after President Donald Trump reaffirmed his commitment to establishing a national crypto reserve with major tokens in the lineup. This has left many traders wondering why crypto is down today despite the boost it received yesterday. On March 3, Bitcoin ( BTC ) was able to climb out of its earlier slump and reach beyond $93,000. However, at press time the largest cryptocurrency by market cap has fallen back by nearly 10%. It is currently trading hands $83,180, losing nearly $10,000 from yesterday’s peak value. Cardano ( ADA ) suffered the worst loss, tumbling down more than 20% to only $0.81. When just a day prior, ADA’s mention in Trump’s crypto reserve lineup was enough to elevate the token into a rally as Cardano went over 75% to a high of $1.13. The top tokens by market cap have plummeted in the past 24 hours, March 4, 2025 | Source: crypto.news You might also like: CryptoQuant CEO says Trump turned crypto into ‘a weapon of the United States’ Next is Solana ( SOL ), which declined more than 16% in the past 24 hours. It is currently trading at $135.97. Yesterday the token was up by 20% thanks to its mention in Trump’s Truth Social post . Ethereum ( ETH) and XRP ( XRP ) suffered similar losses, with both tokens falling by around 13% in the past day of trading. Yesterday, ETH soared by 11%, while XRP skyrocketed 28%. XRP even managed to surpass USDT ( USDT ) and rose to the top three cryptocurrencies by market cap. Even Binance Coin ( BNB ), which stayed relatively in the safe zone during the last crypto market crash, decreased by 7.06% in the past 24 hours. BNB is currently trading hands at $564.30. Not only that, according to data from the Kobeissi Letter, the crypto market is now worth $100 billion less compared to before Trump’s U.S. crypto reserve announcement. Why crypto is down today after the U.S. crypto reserve announcement Although Donald Trump’s announcement regarding his plans to establish a crypto reserve provided a major boost for the crypto market, it was a short-lived rally as it was later eclipsed by events like concerns over Trump’s tariffs, technical selling the broader risk-off sentiment has reversed that momentum. President Trump’s declaration about imposing new tariffs on Canada, Mexico, and China has heightened global trade tensions. Instead of pushing investors to flock towards “safe-haven” assets like crypto to protect their funds, this macroeconomic uncertainty has prompted the opposite effect. Investors are now wary of investing in risky assets like crypto which they may consider even more volatile in nature, as the recent Feb. 24 crash is still fresh in the public’s mind. Not only that, analysts have pointed out key technical levels, such as a significant CME futures gap, which are currently triggering automated sell orders. These technical pressures have accelerated the downturn for the crypto market. Moreover, corporate investors are in the process of rebalancing their portfolios amid broader market volatility. This shift toward a risk-off stance has further pushed prices down. You might also like: Crypto market cap falls over 8% to $2.7t after recent crypto crash
According to recent reports from TheBlock, French crypto market maker Flowdesk successfully finalized a notable financing round valued at $102 million. This funding was predominantly sourced from equity financing, constituting
Hold onto your hats, folks! Just when you thought the economic landscape couldn’t get any more unpredictable, former President Donald Trump has dropped a bombshell. Get ready for a seismic shift in agricultural trade as the U.S. is poised to slap tariffs on agricultural imports starting April 2nd. This sudden move has sent ripples of concern across global markets, and everyone is scrambling to understand the potential fallout. Let’s dive deep into what this means for you, the farmers, and the global economy at large. What Exactly Are These Trump Tariffs and Why Now? In a move reminiscent of his previous trade policies, Donald Trump has announced the imposition of tariffs on agricultural imports . The official word, according to Jinshi Data, is still trickling in, leaving many details shrouded in mystery. We’re still in the dark about which specific products will be affected and whether any exceptions will be carved out. However, the overarching message is clear: Trump is urging US farmers to ramp up their production. But why this sudden push? Is it a strategic maneuver to bolster domestic agriculture, a negotiating tactic, or something else entirely? The lack of clarity is causing significant unease, and here’s what we know so far: Effective Date: Tariffs are slated to kick in on April 2nd. Product Details: Specific agricultural products targeted remain undisclosed. Exceptions: It’s unclear if any countries or products will be exempt. Motivation: Trump administration states the goal is to encourage increased production by US farmers . Unpacking the Potential Benefits for US Farmers On the surface, these Trump Tariffs might appear to be a boon for American farmers. The idea is straightforward: by making imported agricultural products more expensive, domestic products become more competitive. This could potentially lead to: Increased Demand for Local Produce: With imported goods pricier, consumers might shift towards buying American-grown agricultural products. Higher Prices for Farm Goods: Reduced competition from imports could allow US farmers to command better prices for their harvests. Boost to Domestic Agricultural Sector: The tariffs are intended to stimulate growth and investment in American agriculture. Imagine a scenario where local farmers see a surge in demand for their corn, soybeans, or wheat. This could translate to healthier bottom lines and a more robust agricultural sector. However, the reality is often far more nuanced and complex. The Looming Challenges and Ripple Effects of a Trade War While the prospect of boosting domestic agriculture sounds appealing, economists and trade experts are raising red flags about the potential downsides and the risk of escalating into a full-blown trade war . Here’s a look at the challenges: Retaliatory Tariffs: Other countries may retaliate by imposing tariffs on U.S. agricultural exports. This tit-for-tat scenario could severely harm American farmers who rely on international markets. Think about key export markets like China, Canada, and Mexico potentially slapping tariffs on U.S. goods in response. Increased Costs for Consumers: Tariffs are essentially taxes on imports, and these costs are often passed down to consumers. Expect to see potential price hikes on groceries if tariffs are broadly applied. Disruption to Supply Chains: Global agricultural supply chains are intricately linked. Tariffs can disrupt these chains, leading to shortages, inefficiencies, and increased costs for businesses and consumers alike. Economic Uncertainty: Trade wars breed uncertainty, which can dampen investment, slow economic growth, and create volatility in financial markets. The global economy is already facing numerous headwinds, and this move adds another layer of complexity. Consider the impact on specific sectors. For example, the U.S. imports a significant amount of fruits, vegetables, and specialty crops. Tariffs on these items could lead to higher prices and reduced availability for American consumers. Examples of Past Trade Disputes and Lessons Learned History offers valuable lessons. Previous trade disputes, particularly those involving agricultural products, have often resulted in pain for all parties involved. The U.S.-China trade war under the Trump administration provides a stark example. While it aimed to reduce the trade deficit and protect American industries, it also led to: Impact Description Reduced U.S. Agricultural Exports to China China retaliated with tariffs on U.S. soybeans, pork, and other agricultural products, significantly impacting American farmers. Higher Consumer Prices Tariffs on imported goods contributed to increased prices for consumers in both the U.S. and China. Economic Slowdown The trade war contributed to economic uncertainty and slowed down growth in both countries and globally. These past experiences underscore the interconnectedness of the global economy and the potential for unintended consequences when trade barriers are erected. The current tariff announcement raises concerns that we might be heading down a similar path. Actionable Insights: What Should Farmers and Consumers Do? In this climate of uncertainty, what steps can farmers and consumers take? For Farmers: Stay Informed: Closely monitor news and updates regarding the specific products affected by tariffs and potential retaliatory measures. Diversify Markets: Explore opportunities to diversify export markets to reduce reliance on countries that might impose retaliatory tariffs. Risk Management: Review risk management strategies, including crop insurance and hedging, to mitigate potential price volatility. Engage with Policymakers: Make your voice heard by contacting your representatives and expressing your concerns and perspectives on trade policy. For Consumers: Budget for Potential Price Increases: Be prepared for potential price increases on certain food items, especially imported agricultural products. Support Local Farmers: Consider buying locally sourced agricultural products to support domestic farmers and potentially mitigate the impact of tariffs. Stay Informed: Understand how trade policies can affect your wallet and the broader economy. Navigating the Treacherous Waters of Global Trade Trump’s move to impose tariffs on agricultural imports has thrown a wrench into the gears of global trade. While the stated intention might be to bolster US farmers , the potential for unintended consequences, including retaliatory measures and disruptions to the global economy , is significant. As we await further details and the actual implementation of these tariffs on April 2nd, one thing is clear: volatility and uncertainty are likely to be the watchwords in the agricultural sector and beyond. It’s a urgent situation demanding careful monitoring and strategic responses from all stakeholders. To learn more about the latest global economy trends, explore our article on key developments shaping global economy financial outlook.
The post Crypto Markets Crash as U.S.-China Trade War Escalates: $500B Wiped Out appeared first on Coinpedia Fintech News The ongoing trade war between the U.S. and China is once again shaking global markets, and cryptocurrencies are feeling the heat. With both nations imposing fresh tariffs, investors are pulling back from riskier assets, leading to a sharp decline in major cryptocurrencies like Bitcoin, Ethereum, Cardano, and Solana. As a result, over the last 24 hours, crypto has wiped a $500 billion market cap . https://twitter.com/WuBlockchain/status/1896815231734866411 China Hits Back With Tariffs On Tuesday, China responded to U.S. President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President latest tariff hike by announcing a 15% duty on wheat, corn, cotton, and chicken imports from the U.S.. Additionally, a 10% tax was placed on key agricultural products like soybeans, pork, seafood, and vegetables, set to take effect on March 10. Billionaire investor Warren Buffett criticized Trump’s new tariffs, calling them an “act of war.” According to him, Trump started a war that will eventually burden investors who will find it more difficult to stay in the market for the long term. This move came just a day after Trump doubled tariffs on Chinese imports to 20%. He also confirmed that tariffs on Mexican and Canadian goods would rise to 25%, adding more pressure to global trade and risk assets like stocks and cryptocurrencies. Crypto Market in Freefall The crypto market reacted negatively to the trade tensions , with major tokens erasing recent gains. Bitcoin (BTC) dropped 2%, trading around $84,200, while Ethereum (ETH) fell 12%, hovering just above $2,000, its lowest level since 2023. Cardano (ADA), Solana (SOL), and XRP also saw sharp losses, each tumbling over 20%. This comes after these cryptocurrencies initially rallied following Trump’s announcement of a U.S. crypto strategic reserve. The surge, which saw some tokens climb nearly 60%, was short-lived as profit-taking and broader economic fears took over. .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 : Are These Altcoins Next in Trump’s Crypto Reserves? , What’s Next? With uncertainty looming, all eyes are now on Friday’s White House Crypto Summit , where investors hope for clearer regulations or supportive measures. Depending on the outcome, the market could either stabilize or face further turbulence. For now, the trade war is adding more fuel to the fire, leaving crypto investors on edge as they navigate growing economic tensions. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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} if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) { idstosubscribed.push(listofcategory.news_cp_category_row_id); } } }); idstosubscribed.forEach(id => { var subscribeButton = document.getElementById('subscribe_' + id); var unsubscribeButton = document.getElementById('unsubscribe_' + id); if (subscribeButton && unsubscribeButton) { subscribeButton.style.display = 'none'; unsubscribeButton.style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } }); } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function subscribe_unsubscribe_status(getcategoryId) { var elementTounsubscribe = parent.document.getElementById('unsubscribe_' + getcategoryId); var elementTosubscribe = parent.document.getElementById('subscribe_' + getcategoryId); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list?category_row_id=' + getcategoryId, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { parent.jQuery('.skeliton-loader-block').hide(); var hasSubscribeStatusOne = false; result.message.forEach(subscribeStatus => { if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) { hasSubscribeStatusOne = true; } if (subscribeStatus.notification_type === 3) { parent.document.getElementById('monthlySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('monthly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('monthly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 2) { parent.document.getElementById('weeklySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('weekly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('weekly_' + getcategoryId).checked = true; } } 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: '11012fb6f9', 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 Why is the crypto market down today? The crypto market is down due to U.S.-China trade war fears, investor sell-offs, and macroeconomic uncertainty impacting Bitcoin and altcoins. How is the U.S.-China trade war affecting cryptocurrency markets? Rising tariffs are spooking investors, leading to a $500B crypto market cap drop as Bitcoin, Ethereum, and altcoins plunge amid risk-off sentiment.