Author: cryptonews7
Advertisement     The price of Bitcoin nosedived after President Donald Trump’s administration signed an executive order imposing new steep tariffs on all imported goods from China, Mexico, and Canada. The top coin by market cap is now down 4.4% on the day and roughly 6.8% over the last week at a current price of $97,754. Altcoins fared far worse than Bitcoin as Trump started a trade war with the U.S.’s biggest trading partners. Crypto Bleeds As Trump-Imposed Import Tariffs to Start Tuesday President Donald Trump has set the duties at 25% on all imports from Canada and Mexico…
Advertisement     Grayscale, the world’s leading crypto asset manager, has unveiled an investment product aimed at offering investors exposure to Dogecoin (DOGE) — the world’s oldest and largest meme coin. Grayscale believes the $47.9 billion meme coin is no longer a laughing matter. Shortly after launching the Grayscale Dogecoin Trust, Grayscale then filed a 19b-4 form with the Securities and Exchange Commission (SEC) to convert the trust into a spot DOGE exchange-traded fund (ETF) approval. Grayscale has rolled out a new Trust providing individual and institutional accredited investors exposure to the canine-themed Dogecoin meme coin. Grayscale thinks Dogecoin…
Advertisement     Billionaire Mark Cuban has slammed the newly launched TRUMP coin, labeling it a symbol of “crypto chaos” while offering praise for established meme coins like SHIB and DOGE. Cuban’s remarks, made on Monday, came in response to the growing frenzy surrounding the Trump-themed cryptocurrency, which has seen a meteoric rise since its debut. “Mint it, print it, Sell it, F** it. That is the mantra for the world you are suggesting. This is the biggest bunch of self-serving bullshit I have ever heard.” Cuban wrote. His comments were directed at a tweet by Jeff Dorman, Chief…
Advertisement     Cardano is set to activate the Plomin hard fork later Wednesday, ushering in a new era of decentralization for the blockchain network. This major upgrade, confirmed by the Cardano Foundation, will grant ADA holders direct voting power over key network decisions, including parameter adjustments, treasury withdrawals, and hard fork initiations. Cardano’s Full Decentralized Governance Era The Cardano blockchain will transition to a decentralized governance structure after the Plomin hard fork takes effect. This hard fork introduces multiple critical changes to Cardano’s governance and functionality. It enables all seven governance actions outlined in the Cardano Improvement Proposal…
Advertisement     The Department of Government Efficiency (D.O.G.E), the new cost-slashing initiative led by Elon Musk, the world’s richest man and a key President Trump ally, is reportedly exploring implementing blockchain technology that underpins Bitcoin and other cryptocurrencies to improve transparency and other potential benefits for U.S. government operations and spending. Discussions And Potential Applications Bloomberg reported on Saturday that Musk’s DOGE agency is holding discussions with representatives from several existing public blockchains, per anonymous sources privy to the matter. No specific blockchain networks were mentioned, although Bloomberg claimed that the newly commissioned non-government department is keen on…
Advertisement     Ripple-promoted cryptocurrency XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) nosedived by double-digits on Monday morning, a casualty of a badly bleeding crypto market as Bitcoin, the world’s largest cryptocurrency by market cap, fell under the psychologically important $100,000 level. BTC’s tumultuous start to the new week apparently caught traders unawares, with the crypto’s sudden plunge triggering roughly $864 million worth of liquidations in 24 hours. Crypto Carnage Sees $860 Million Liquidations The new week has started with pain for crypto as traders see no hint of a relief rally coming so far, with all of…
Advertisement     Billionaire and CEO of Morgan Creek Capital Management, Mark Yusko, has expressed optimism on the future of crypto assets like XRP and Cardano (ADA) in U.S. monetary policy. Speaking on the Good Morning Crypto show earlier this week, Yusko, who oversees over $3 billion in digital assets, expressed optimism about these cryptocurrencies being included in the U.S. reserve assets under a Trump administration, in addition to Bitcoin. “There’s some talk that XRP could be utilized and ordered to be used for a central bank digital currency or as the base layer for national banking,” Yusko said.…
Advertisement     Cardano’s ADA traded fairly flatly on Saturday, extending its week-long consolidation phase amid a brief market pause following President Trump’s inauguration. Leading the lull has been Bitcoin, which has been hovering between $105,000 and $106,000 for the past five days, facing multiple rejections below the $107,000 threshold. Notably, amid the market’s pause, some analysts, anticipating a pullback, have been trimming their holdings, with the Cardano community standing out. On Friday, popular crypto analyst Ali Martinez highlighted this development, tweeting, “Whales have sold more than 180 million ADA over the past week.” This wave of selling comes…
CoinShares has officially submitted filings with the U.S. Securities and Exchange Commission (SEC) for spot exchange-traded funds (ETFs) focused on Litecoin (LTC) and XRP. This move marks a significant step as asset managers aim to expand cryptocurrency-based investment offerings in the United States. XRP and Litecoin ETFs Proposed by CoinShares CoinShares has submitted an S-1 registration statement to the SEC to launch a spot XRP ETF as a means of giving investors exposure to the XRP currency. This is the case at a time when the US ETF market is experiencing heightened attention in cryptocurrency investment products with the recent…
A leaked beta page on the Chicago Mercantile Exchange (CME) website for regulated XRP and Solana (SOL) futures turned out to be an error. The broader US regulatory landscape is shifting, with SEC commissioner Hester Peirce’s crypto task force and 33 pending crypto ETFs under review, signaling potential future clarity for crypto markets. A leaked beta page on the Chicago Mercantile Exchange (CME) website suggested regulated XRP and Solana (SOL) futures could begin trading on February 10, pending regulatory approval. However, a CME representative later confirmed that the listing was an error. A screenshot of the beta page was shared…