Crypto News
Elon Musk Advocates for Free Trade Zone Between EU and US
Elon Musk expressed his vision for a future of unrestricted trade between the United States and Europe during a video-link address at a congress in Florence, Italy. His comments came after U.S. President Donald Trump announced a 20% tariff on Italy and other EU countries. Musk, who serves as an adviser to Trump, advocated forSource link
Bitcoin’s Price Stability at Risk From Potential ‘Basis Trade Blowup’ That Catalyzed the COVID Crash
Bitcoin's (BTC) recent stability amid Nasdaq turmoil driven by tariffs has generated excitement among market participants regarding the cryptocurrency's potential as a haven asset. Still, the bulls might want to keep an eye on the bond market where dynamics that characterized the COVID crash of March 2020 may be emerging.Nasdaq, Wall Street's tech-heavy index known to be positively correlated to bitcoin, has dropped 11% since President Donald Trump on Wednesday announced reciprocal tariffs on 180 nations, escalating trade tensions and drawing retaliatory levies from China. Other U.S. indices and global markets have also taken a beating alongside sharp losses in the risk currencies like the Australian dollar and a pullback in gold.BTC has largely remained stable, continuing to trade above...
Paypal and Venmo Expand Cryptocurrency Offerings With Chainlink and Solana
Paypal has announced the expansion of its cryptocurrency offerings with the addition of chainlink (LINK) and solana ( SOL) for users of both Paypal and Venmo. Starting in the coming weeks, users will be able to buy, hold, sell, and transfer these new tokens directly within their accounts. May Zabaneh, Vice President of Product forSource link
ECB’s Lagarde Advocates for EU’s Own Digital Payment Platform to Ensure Financial Sovereignty
European Central Bank (ECB) President Christine Lagarde has urged the European Union to develop its own digital payment platform, moving away from reliance on foreign giants like Visa, Mastercard, Paypal, and Alipay. Speaking on The Pat Kenny Show, Lagarde emphasized the need for a “European offer” to secure financial sovereignty, highlighting the risks of dependenceSource link
Bitcoin ETFs Log $65 Million Outflow With Zero Inflows, Ether ETFs Break Losing Streak
Bitcoin ETFs recorded a $65 million outflow on Friday with no offsetting inflows, led by exits from GBTC, ARKB, and BITB. Ether ETFs, on the other hand, saw a small inflow of $2 million, breaking their multi-day outflow trend. Bitcoin ETFs Bleed for Second Day While Ether ETFs Show Signs of Life Investors slammed theSource link