Story Highlights Fear of US China trade war escalation after the threat of 100% tariffs resulted in sharp crypto market plunge. It caused $380 billion drop in market capitalization before recovery. The crash was driven by a misinterpretation made by Trump about China’s rare earth export rules On October 10, crypto markets plunged as President
Robert Kiyosaki, the renowned author known for his book “Rich Dad Poor Dad” on financial freedom, announced that he supports US President Donald Trump’s policy of opening 401k retirement plans to alternative assets. Kiyosaki described Trump’s policy, which now allows 401k funds to be used in “alternative investments,” including real estate debt, physical gold and
The cryptocurrency world was rocked by a massive market crash on Friday night following Donald Trump’s announcement of 100% tariffs on China in retaliation. Although there has been a partial recovery in Bitcoin and altcoins today, the effects of the decline still continue. However, next week is expected to be active due to developments regarding
The Pentagon isn’t usually in the business of commodity speculation, but when national security is at stake, expect the old rules to bend. The Financial Times reports that the U.S. Defense Department has kicked off a $1 billion spree to stockpile critical minerals like rare earths. This includes everything from rare earths to strategic metals
US President Donald Trump shared a new message on his Truth Social account today, after threatening to raise tariffs on China to 100% on Friday. Trump tweeted, “Don’t worry about China, everything will be fine! The respected President Xi just had a bad moment. He doesn’t want his country to fall into a recession, and
A modest reversal from Friday evening’s carnage in crypto markets is underway after some calming trade war-related remarks from both Beijing and Washington. The walk-backs began late Saturday when China’s Ministry of Commerce said its rate-earth export controls are not blanket bans, and that eligible applications will continue to receive licenses. The agency further said
US Vice President JD Vance offered messages aimed at easing tensions that rose on Friday following President Donald Trump’s announcement to raise tariffs against China to 100%. Vance made the following statement in his press release: “We appreciate the friendship between President Trump and President Xi.” “President Trump hopes the US will not have to
The cryptocurrency market experienced one of the biggest single-day losses in recent years with a sharp decline on Friday night. The loss in value reached billions of dollars. Experts say that following this collapse, signs of a gradual stabilization are emerging in the markets. The decline came shortly after the US government announced new tariffs
The introduction of USA₮ and appointment of Bo Hines marks Tether’s next chapter in strengthening U.S. dollar dominance through transparency and innovation 12 September 2025 – Tether, the largest company in the digital asset ecosystem, today unveiled USA₮, its planned U.S.-regulated, dollar-backed stablecoin, along with the announcement and appointment of Bo Hines as Tether USA₮’s
The global stablecoin market has added $2.035 billion in just seven days, pushing its total capitalization to $304.57 billion, according to data from Defillama. That’s a 0.67% increase in a week — but the furious growth behind the numbers stretches much further. The Quiet Rise of Stablecoins: A $304 Billion Digital Backbone Once a niche