Chain News Daily Official TheBitTimes.com

Summary ⚈ Official Trump token surged 27.32% despite a recent 40 million token unlock. ⚈ Top 220 holders invited to a private gala hosted by Trump on May 22. ⚈ Investors expect insider insights and networking to drive further TRUMP token demand Official Trump (TRUMP) surged by 27.32% in the last 24 hours, and was changing hands at $11.93 at press time on April 24. This move to the upside occurred despite a recent 40 million token unlock, which would have normally put downward pressure on prices. TRUMP price 1-day chart. Source: Finbold Sudden, severe price action is nothing new for the President’s meme coin, which saw $38 billion in trading volume within days of its release, only to see a $2 billion decrease in market capitalization within a single week. However, the cause behind this most recent rally could lead to even higher gains. Namely, on Wednesday, April 23, the official Official Trump website revealed that the president will host a private gala dinne...

Evidence suggests the Trump administration plans to cut U.S. duties on China by half through recent reports. The current efforts of President Trump to ease trade tensions with Beijing coincide with his willingness to reduce U.S. tariffs on China during this writing period. JUST IN: US tariffs on China will likely be reduced by 50%, WSJ reports. — Watcher.Guru (@WatcherGuru) April 23, 2025 Also Read: BRICS: India Plays ‘Double Game’ With the US Dollar? What Trump’s Tariff Cuts Mean for Trade, Markets, and Investors Source: The New York Times Trump Signals Major Tariff Cuts The Trump administration currently examines different methods for reducing the American trade barrier on Chinese imports, which he imposed in his second term, through possible reductions of 50% to 65%. Ears of political representatives currently explore a plan that duplicates previous House Committee on China recommendations. President Trump said: “But it won’t be zero.” China’s Response ...

Ripple (XRP) is one of the most noteworthy cryptocurrency tokens to exist in the market today. The token is a part of a rising ETF narrative set to sweep away the cryptocurrency market in recent times. At the same time, XRP’s notable global collaborations with leading financial giants have always been a highlight for investors, compelling them to explore the token with utmost faith and trust. While the token currently sits at the $2 price mark, investors cannot help but wonder whether XRP possesses the might and mettle to climb to higher price marks, eventually entering the double-digit domain. Here’s when XRP may be able to claim $10 and beyond, per analyst Egrag Crypto. Also Read: Cardano (ADA) Forecasted To Hit $1.5, Here’s When Ripple’s Price Trajectory Source: Bitcoinist XRP is currently one of the most important cryptocurrency tokens to explore at the moment. With nearly 18 pending ETF applications, the token is awaiting approvals from the US SEC, eventually paving the...

Ripple Labs donated $4.9 million to Donald Trump’s January inauguration, just three months before the Securities and Exchange Commission (SEC) began pausing lawsuit appeals and reducing fines against the crypto firm. The details of Ripple’s donation — the second largest after the $5 million handed over by poultry producer Pilgrim’s Pride — were made public on Sunday as part of a filing submitted to the Federal Election Commission. According to a list compiled by publisher Fortune, crypto firms and leaders were responsible for $18 million of the inauguration’s $239 million in donations. Crypto exchange Coinbase and investment firm Galaxy Digital donated $1 million each, while more modest gifts came from Yuga Labs and Consensys, which both donated $100,000 . SEC wants to settle with Ripple, drops Helium case Read more: Bank of America lobbies to dethrone Tether and Circle Earlier this month, the SEC and Ripple filed to pause the regulator...

The Bitcoin market recent surge suggests a potential climb towards $95,000, hinting that it may have already found a solid bottom. On 21 April, the US Dollar Index (DXY) dropped below the 98 mark, reaching its lowest point in three years. This sharp decline helped propel gold to a new record high, while Bitcoin also gained momentum, breaking past the $88,000 threshold. Arthur Hayes, co-founder of BitMEX and chief investment officer at Maelstrom, has suggested that this might be the final opportunity to purchase Bitcoin for under $100,000. Hayes anticipates that the Federal Reserve could introduce US Treasury buybacks, which he believes would significantly boost Bitcoin’s upward movement. Daily cryptocurrency market performance. Source:  Coin360 The whales seem ready for the move higher, as they have been accumulating in March and April. According to Glassnode data, the number of wallets holding more than 1,000 Bitcoin increased from 2,037 in late February to...

The Bitcoin price jumped over 2% in the last 24 hours after Metaplanet announced it bought another 330 BTC and as MicroStrategy executive chair Michael Saylor hints at another Bitcoin purchase. Following the recent gain, the crypto market leader rose from a 24-hour low of $83,976.85 to an intraday peak at $87,679.23. BTC has since retraced to trade at $87,520.03 as of 1:09 a.m. EST. Metaplanet Adds To BTC Stockpile Japan-based investment firm Metaplanet announced earlier today that it has purchased an additional 330 BTC, valued at $28.2 million. This marks the firm’s third Bitcoin purchase this month. In an X post today, the company said it made the purchase at an average price of $85,605 per Bitcoin , pushing the company’s total holdings to 4,855 BTC. Metaplanet CEO Simon Gerovich also shared the news of the latest purchase, adding that the firm has achieved a BTC yield of 119.3% year-to-date. Metaplanet has acquired 330 BTC for ~$28.2 million at ~$85,605 per bitco...

A cryptocurrency analyst has identified a zone just below the $2 mark that he believes could serve as a much-needed local bottom for XRP. Specifically, pseudonymous analyst CrediBULL highlighted the $1.60 mark as a potential turning point for the asset following an extended period of consolidation, as shared in an X post on April 19. The Analysis is based on XRP’s price action and Cumulative Volume Delta (CVD) divergence, suggesting a local bottom may have formed around the $1.60 area. XRP price analysis chart. Source: TradingView For the first time in weeks, price and spot CVD have started to diverge. While spot takers continue selling, typically reflected in a falling spot CVD, XRP’s price has begun to climb. This phenomenon, known as spot absorption, suggests that larger players may be stepping in to absorb sell-side pressure at a key support level. Therefore, this marks a clear shift from previous price behavior, where XRP typically moved in sy...

The US dollar is now standing at a major precipice of change. The American currency has lately been attracting many foes, ones that want to dethrone its legacy and establish themselves as the next global finance catalyst. This change has primarily been spurred due to changing financial narratives involving the rise of a multipolar currency order and a crisis of confidence in the US dollar. The USD has been touted as a currency that has been heavily weaponized, leading nations around the world to adopt de-dollarization practices to reduce their dependence on the US dollar. If this process ever accelerates and gains further momentum, here are the three currency alternatives that may end up replacing the US dollar per ChatGPT. Also Read: Two Economic Giants Team Up to Shatter US Dollar Dependence with 6 De-Dollarization Projects Three Currencies That May Dethrone the US Dollar If De-Dollarization Gains Rapid Strength 1. Chinese Yuan (CNY) Beating The US Dollar? Source: thediplomat.com Per...

Iran’s and China’s oil trade is actually shifting quite rapidly right now as new US sanctions and also OPEC production cuts are reshaping global energy markets. At the time of writing, with China oil imports changing dramatically and also fresh US oil sanctions taking effect, multiple factors are sort of converging that might push oil prices in unexpected directions during May 2025. Also Read: Scope Issues Downgrade Alert as U.S. Dollar Sees Worst Drop in 50 Yrs Iran–China Oil Trade, OPEC Cuts, and Sanctions Driving May Prices Source: Watcher Guru New US Sanctions Target Chinese Importers The Trump administration has just issued new sanctions targeting Iran’s oil exports, including a China-based “teapot” oil refinery. This move comes as oil prices were already showing some upward momentum in recent weeks. Brent crude futures rose 0.5% to $66.19 per barrel, while US West Texas Intermediate crude increased 0.7% to $62.91. Both benchmarks actually settled 2% h...

The former Chair of the U.S. Securities and Exchange Commission (SEC) Gary Gensler is warning that the future of non-Bitcoin (BTC) crypto assets is looking bleak. In a new interview on CNBC’s Squawk Box, Gensler says that most altcoins lack solid economic fundamentals and are almost entirely propped up by sentiment, putting them at high risk of a sudden collapse. “If you were interested in [crypto], think about [how] every financial asset sort of trades on a bit of fundamentals and sentiment, but this field is almost 99% – or maybe one might say 100% – sentiment and very little on fundamentals. And while something like Bitcoin may persist for a long time, because there’s 7 billion people around the globe, a real keen interest in it, there’s 10,000 or 15,000 others of these tokens, and to think through your own risk, your own personal risk, about where are the fundamentals, and if this is just about sentiment, then generally those don’t...

Bitcoin tumbled 2% as market sentiment plunged following a sharp drop in Nvidia’s stock price during pre-market trading, fueling uncertainty ahead of a closely watched speech by U.S. Federal Reserve Chair Jerome Powell later today. The tech giant had plunged almost 7% as of 4:23 a.m. EST after disclosing that the Trump administration’s decision to ban H20 chip sales to China would cost it $5.5 billion. The crypto market followed Bitcoin’s lead, sliding 3.2% in the past 24 hours to a market capitalization of $2.62 trillion, according to CoinMarketCap. Ethereum and XRP plunged 4% and Solana slid more than 5% as markets turned negative again. Nvidia Anticipates Huge Hit From H20 Chip Ban Nvidia said in an April 15 regulatory filing that it anticipates the massive charge due to significant export restrictions imposed by the US government, which are negatively impacting the company’s business with China. This is unusual: At 2:20 PM, there was an $8 million s...

Despite entering the market as a joke, the prominent meme coin Shiba Inu (SHIB) managed to catch the attention of the entire market. While the asset’s recent price rut has been a major setback for its investors, the SHIB team has been working on boosting its utility. Several cryptocurrencies fail to make it big due to lack of utility. But the Shiba Inu network has been continuously developing the ecosystem. Through this, the community is confident about the asset’s uptick in the future. Also Read: MicroStrategy Buys 3,459 More Bitcoin Worth $285.8M – Saylor Now Holds 531,644 BTC How High Is Shiba Inu Currently Trading? Source: Watcher Guru Volatility isn’t new for the Shiba Inu market. The same volatile nature of the industry pushed the meme coin towards its all-time high of $0.00008845 just one year after its launch. SHIB investors have immensely benefitted from this factor. But now, the asset was seen moving in the opposite direction. Despite its notable upticks betw...

World Liberty Financial (WLFI), a decentralized finance platform reportedly backed by Donald Trump, has ramped up its crypto holdings with a new addition of Sei (SEI).  WLFI purchased 4.89 million SEI tokens on April 12, valued at approximately $775,000 according to data retrieved by Finbold blockchain data from Arkham Intel .  The trade was executed through a USDC-funded wallet that WLFI had previously used for other altcoin purchases. WLFI SEI purchases. Source: Arkham Intel . SEI has seen a sharp rally of over 30% in the past week, with nearly one-fifth of those gains occurring after April 12, pushing the token’s price above $0.17. Despite the recent upswing, SEI remains down roughly 11% over the past month, amid ongoing volatility across the market.  SEI one-month price chart. Source: Finbold WLFI’s broader portfolio remains underwater despite Q1 rebound Notably, WLFI recorded a strong 13.41% increase in Q1 2025, with Finbold’s Q1 2025 ...

It has certainly been a tough few weeks for the US stock market. With geopolitical tensions exacerbated by increasingly aggressive economic policy, recession and trade war concerns have dominated investor sentiment. That is among the reasons why Nvidia (NVDA) has seen Citi Bank cut its price target to $150. The stock had increased more than 174% last year, setting the stage for high expectations in 2025. However, three months into the year, the stock has failed to live up to this lofty projection and has succumbed to macroeconomic challenges. The question is, does it have any hope of outperforming its current outlook? Source: Stocktwits Also Read: Nvidia (NVDA): Can Tariff Pause Push Stock to $200 Citi Cuts Nvidia Price Target: What’s Next For The Stock? Volatility and uncertainty have been the name of the game for Wall Street’s state in 2025. Indeed, that affected the market leader last year, Nvidia (NVDA). The AI chipmaker has failed to find its footing. Although it jumped...