Coindesk

Tether, issuer of the world's largest stablecoin USDT, may offer a new token specifically for the U.S., according to a Financial Times report on Monday.Paolo Ardoino said the company had been involved in discussions about the U.S. rules on stablecoins and that it may create a token just for the U.S, depending on how these discussions unfold, the FT reported, citing an interview with the Tether CEO. Ardoino said that if new rules are brought in"make stablecoins competitive, there could be an interest from Tether to create a domestic stablecoin," which would be "basically a settlement currency."He added that the Trump administration views stableoins as "an important instrument in the United States."Stablecoins are digital tokens pegged to the value...

Financial markets are in a meltdown and every leg lower is strengthening expectations in the credit market that the Fed will soon offer support. Bitcoin (BTC), the leading cryptocurrency by market value, traded 8% lower at $75,800 and the U.S. stocks were on track for their worst three-day performance, with S&P 500 futures down roughly 5% on Monday alone and losses approaching 15% overall. The Fed has a history of intervening during financial meltdowns with rate cuts and other stimulus measures. So, traders, having become accustomed to liquidity support, are betting that the Fed will act similarly this time.According to the CME FedWatch Tool, the federal funds futures market is now pricing in as many as five rate cuts in...

Disclosure: The author of this story owns shares in Strategy (MSTR).As the crypto market's correction kicks off, days after traditional financial markets started reacting to President Donald Trump's tariffs, bitcoin (BTC) slumped to its lowest level in five months, dropping to as low as $74,500 and marking a full one-third drop from the record high it hit Jan. 20.This slide has left Strategy (MSTR) marginally in the green on its bitcoin acquisition strategy. At a total cost of $35.6 billion, the company currently holds an unrealized profit of about 10%, or roughly $3.9 billion on its BTC investment. Strategy owns 528,185 BTC, now valued at $39.5 billion, giving it an average cost basis of $67,458 per bitcoin. The company’s mNAV...

A crypto market sell-off went from bad to brutal in European morning hours Monday as bitcoin pierced the $75,000 level — extending losses on major tokens to nearly 20%.Tokens XRP, solana (SOL), and dogecoin (DOGE) plunged over 5% in the hours ahead of the European open, erasing tens of billions in market capitalization, driven by a cascade of macroeconomic uncertainty and aggressive liquidations that neared $1 billion.The broad-based CoinDesk 20 (CD20) index, which tracks the largest tokens, slumped 12%, signaling a widespread risk-off sentiment gripping the sector.XRP and SOL led the decline, each nosediving more than 20% in the past 24 hours and breaking under critical support levels. XRP, trading at $1.70, has slipped below its critical 200-day moving average...

Crypto majors are reeling from a wave of volatility, with XRP, Cardano (ADA), and Dogecoin (DOGE) plunging below key technical support levels early on Monday.Macroeconomic uncertainty stemming from a global tariff war — dubbed an “economic nuclear war" by hedge fund manager Bill Ackman — is reeling markets from crypto to global equities, with bitcoin under $79,000 and major tokens down 14%.XRP Price AnalysisXRP, which powers the XRP Ledger, slipped to $1.90 with a 14%. On the daily chart, XRP has breached its critical support at $2.00 — a level that previously held firm as psychological and technical bedrock. This breakdown completes a bearish head-and-shoulders pattern, a signal of potential further downside.Technical indicators reinforce the bearish outlook. The 21-day exponential...