US President Donald Trump has announced that he may impose 100% tariffs on Chinese products on or before November 1 as part of the rare earths dispute with China. US Trade Representative Jamieson Greer provided information on the matter to CNBC. “A lot of that depends on what China does. They’ve been the ones who
Citigroup (C) CEO Jane Fraser offered a clear stance on the future of digital finance, telling investors that tokenized deposits — not stablecoins — will be the primary engine behind next-generation payments and financial market infrastructure. Speaking on an investor call following the bank’s third-quarter earnings release on Tuesday, Fraser explained that institutional clients are
The Dow Jones Industrial Average fell nearly 500 points as stocks opened lower on Tuesday, with the market reacting further to mounting trade tensions between the United States and China. Summary Dow Jones slipped 500 points as stocks extended losses on Tuesday. Investor sentiment flipped negative as China responded to U.S. trade war moves. Bitcoin
A prominent Bitcoin (BTC) advocate, Max Keiser, has defended the asset’s superiority over traditional metals like gold and silver as a store of value. Keiser highlighted Bitcoin’s market performance and contrasted it against traditional “hard money.” Bitcoin’s scarcity makes it the ultimate store of value Keiser noted that Bitcoin’s rise from $1 to $100,000 has
The bitcoin price has experienced a dramatic plunge, delivering one of the most severe sell-offs in crypto history over the past week. Over $19 billion in positions were liquidated in a matter of hours, with more than 1.6 million traders forced out of the market, the largest liquidation event ever recorded. Many altcoins plunged over
TL;DR BTC is down 3% in the last 24 hours and trading around $111,200 per coin. The negative performance comes amid the ongoing U.S.-China tariff war and Powell’s speech later today. BTC dips to $111k Bitcoin, the leading cryptocurrency by market cap, is down 3% in the last 24 hours and is now trading around
Nvidia shares drop nearly 4% amid rising AI chip competition. AMD partners with Oracle on new AI “supercluster” powered by MI450 chips. Broader US markets fall as China imposes sanctions on US subsidiaries. Nvidia stock fell sharply on Tuesday as investors weighed fresh competitive threats in the artificial intelligence chip market and broader weakness across
Cake Wallet, a mobile cryptocurrency app with a strong privacy focus, has recently announced the integration of xStocks to its supported tokens, to be released on the next update. The xStocks technology allows users throughout the world to get exposure to world-class equities like Google, Amazon, and Nvidia, in a familiar crypto format, minimizing the
The race to bring Web3 to your pocket is heating up. Following the launch of Solana’s Seeker phone, Freedom Factory has officially begun shipping dGEN1, the world’s first Ethereum-native smartphone, built for a fully onchain lifestyle. — The $549 device runs on ethOS v4, a custom operating system purpose-built for Ethereum. Unlike traditional smartphones, the
Daily active addresses on BNB Chain hit an all-time high on Monday, as the blockchain’s native token reached a new price record. Analytics platform Nansen revealed that sender-only active addresses on BNB Chain — addresses that sent a transaction, excluding internal address transfers — reached a new all-time high of 3.46 million on Monday, passing