Crypto News
Tariffs, Trade Tensions May Be Positive for Bitcoin Adoption in Medium Term: Grayscale
Tariffs and trade tensions could ultimately be positive for bitcoin (BTC) adoption in the medium term, asset manager Grayscale said in a research report Wednesday.Higher tariffs result in stagflation— stagnant economic growth coupled with inflation — which is negative for traditional assets, but positive for scarce commodities such as gold, the report said. Bitcoin is considered hard money, akin to digital gold, and is viewed as a modern store of value, the report noted.Cryptocurrencies surged on Wednesday following President Donald Trump's announcement of a 90-day pause on tariffs for countries that haven't retaliated against the U.S."Trade tensions may put pressure on reserve demand for the U.S. Dollar, opening space for competing assets, including other fiat currencies, gold, and bitcoin," Grayscale...
Binance Develops LDUSDT: An Asset That Lets Users Earn Rewards While Trading Futures
Binance has announced the upcoming launch of LDUSDT, a new reward-bearing margin asset designed for users of its Simple Earn USDT Flexible Products. This asset allows users to convert their subscribed USDT Flexible assets into margin assets for futures trading while simultaneously earning annual percentage rate (APR) rewards at the same prevailing rate. LDUSDT isSource link
Thailand Targets Foreign P2P Crypto Platforms in New Legal Overhaul
The SEC’s new rules block unregulated foreign P2P crypto platforms, with violators facing up to 3 years in jail and a 300,000 baht fine.Source link
Crypto Daybook Americas: Memecoins, AI, DeFi Lead the Rebound as Tariff Concerns Ease
By Omkar Godbole (All times ET unless indicated otherwise)The crypto market consolidated on Wednesday's tariff pause-spurred price bounce with memecoins, AI and DeFi tokens standing out as the best-performing crypto sub-sectors. Coins including HYPE, HBAR and SHIB led the recovery.Bullish technical patterns and a sharp overnight pullback in Treasury market volatility, as represented by the MOVE index, suggested further gains are in the offing. The China-sensitive Australian dollar extended Wednesday's gain, offering positive cues to risk assets. U.S. equity futures, however, did not reflect that optimism, trading more than 1% lower.Another note of caution showed in derivatives data. LTC, TON, BCH, BNB and PEPE were the only coins with 24-hour growth in open interest, validating price recovery. Open interest in...
Sweden Discusses Possibility of Including Bitcoin in Foreign Reserves
In a written inquiry to Minister of Finance Elisabeth Svantesson, MP Rickard Nordin asked about the possibility of including bitcoin as part of Sweden’s foreign reserves. Nordin also proposed funding it with bitcoin seized by police and customs authorities. Sweden Discusses Including Bitcoin as Part of Its Foreign Reserves Sweden is the latest country toSource link