Crypto News
Bitcoin Nears Death Cross, Yuan Tumbles with Asian Markets After Trump Tariffs Put Focus on China’s...
It's a risk-off day in Asia as traders look to Beijing's response to U.S. President Donald Trump's sweeping reciprocal tariffs on China and other Asian nations.On Wednesday, Trump announced reciprocal tariffs on imports from 180 nations, including higher taxes on trading partners identified as worst offenders, such as China and the European Union.Trump imposed a new 34% tariff on goods from China in addition to the existing 20% tax, bringing the total levy to 54%, the highest for any nation. Meanwhile, the latest action did not affect Canada and Mexico.Observers say the ball is now in China's court, and the nature of its retaliation could determine the market reaction."Everything now depends on China. If China devalues the Yuan in response...
Stablecoin Transparency Bill Passes House Committee With Overwhelming Vote
The STABLE Act has cleared the House Financial Services Committee, even as scrutiny of Trump-linked stablecoin ventures mounts.Source link
Onlyfans Founder’s Startup, Hbar Foundation Bid for Tiktok
The Hbar Foundation has partnered with Zoop, a startup founded by Onlyfans creator Tim Stokely, to bid on Tiktok’s U.S. operations. Zoop, Hbar Foundation Aim for New Creator Paradigm The Hbar Foundation, a cryptocurrency foundation managing the Hedera cryptocurrency network’s treasury, has teamed with Zoop, a startup launched by Onlyfans founder Tim Stokely, to bidSource link
BRICS Expands Currency Independence Plan as Brazil Champions Dollar-Free Deals
Brazil backs BRICS’ push to trade in national currencies, urging reduced U.S. dollar reliance despite business preference for its liquidity and dominance in private transactions. BRICS Accelerates Local Currency Trade as Brazil Declares Full Support for Shift Brazil’s Finance Ministry has reaffirmed its dedication to expanding the use of national currencies in trade between BRICSSource link
U.S. House Committee Advances Stablecoin Bill, While Dems Warn of Trump Conflicts
U.S. stablecoin legislation took another major step on Wednesday as a House of Representatives committee joined Senate counterparts in advancing a bill to be considered by the overall House, bringing stablecoin regulations closer to reality.Eventual approvals in both the overall House and Senate would let lawmakers start melding the two versions into a unified piece of legislation that could get a final nod. Republican lawmakers and President Donald Trump have aimed toward an August goal in getting the effort completed.Though the crypto industry and their most reliable Republican allies in Congress were happy to welcome many Democrats to the yes side on moving the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE Act) out of the House Financial...