Escalating trade tensions between the United States and China triggered the largest cryptocurrency liquidation event in history last Friday, sending Ethereum’s price plummeting through critical technical support levels and wiping out over $19 billion in leveraged positions. The dramatic sell-off, which affected more than 1.6 million traders, was followed by a swift recovery as institutional buyers stepped in during the downturn, pushing Ethereum’s Coinbase Premium Index to yearly highs and helping the digital asset reclaim key technical levels above $4,100.
about US-China Trade War Triggers Historic Crypto LiquidationJD Vance
0 posts last weekBitcoin Surges Past $114K as US-China Trade Tensions Ease
Cryptocurrency markets staged a dramatic Sunday recovery as Bitcoin surged past $114,000 and Ethereum approached $4,100, reversing a massive $19 billion liquidation event that now appears to have been driven by a major misunderstanding between the United States and China over trade policies. The rally followed clarifying statements from Beijing and conciliatory remarks from US Vice President JD Vance, suggesting Friday’s market crash resulted from misinterpreted signals about China’s rare earth export controls rather than an impending trade war.
about Bitcoin Surges Past $114K as US-China Trade Tensions EaseUS Government Shutdown: Crypto Markets Show Resilience
The United States government has entered a shutdown after Congress failed to pass funding legislation, marking the 21st such closure since 1977. Despite the political turmoil and potential economic disruptions, cryptocurrency markets have demonstrated remarkable stability, with Bitcoin holding near $114,700 and total market capitalization maintaining the $4 trillion level, signaling growing market maturity amid Washington gridlock.
about US Government Shutdown: Crypto Markets Show ResilienceJD Vance Meme Sparks 65% PWEASE Coin Surge
A self-deprecating social media post from U.S. Vice President JD Vance sent the Solana-based meme coin PWEASE on a wild ride, sparking a 65% price surge within just one hour. The token, which plays off Vance’s earlier political comments about Ukraine, saw its value spike and then retreat, demonstrating the potent and unpredictable influence of political figures on cryptocurrency markets. This incident underscores how humor, politics, and digital assets are becoming increasingly intertwined, creating volatile opportunities and risks for investors.
about JD Vance Meme Sparks 65% PWEASE Coin SurgePeter Thiel’s ETHZilla Stake Triples Stock Price
ETHZilla, previously known as 180 Life Sciences, experienced a meteoric rise in its stock price, more than tripling after Peter Thiel acquired a 7.5% stake. The biotech company, which shifted focus from inflammatory disease research to Ethereum accumulation, rebranded as ETHZilla to reflect its new direction. Thiel’s investment follows his recent 9.1% stake in BitMine, another Ethereum-focused firm, highlighting his bullish stance on crypto. Ethereum’s price surge to $4,500 further underscores the growing institutional interest. Thiel’s influence extends beyond finance, with close ties to the Trump administration, which has enacted pro-crypto policies, including allowing 401(k) exposure to digital assets. His long-standing support for Ethereum dates back to a 2014 grant to co-founder Vitalik Buterin.
about Peter Thiel's ETHZilla Stake Triples Stock PriceTrump Signs GENIUS Act, Boosting Crypto Innovation
President Donald Trump signed the GENIUS Act, one of the first major crypto-related bills of his administration, into law after delays in Congress. The legislation focuses on guiding and establishing national innovation for stablecoins, with prominent crypto executives like Kraken’s David Ripley, Gemini’s Winklevoss twins, and Coinbase’s Brian Armstrong present at the signing. The move signals growing governmental recognition of blockchain technology and could pave the way for further regulatory clarity in the crypto space. Meanwhile, Stellar (XLM) shows potential for upward momentum following XRP’s recent price surge.
about Trump Signs GENIUS Act, Boosting Crypto InnovationTrump Signs GENIUS Act, Backed by Crypto Leaders
President Donald Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law, marking one of the first major crypto-related legislative actions of his administration. The signing ceremony was attended by prominent cryptocurrency executives, including Kraken’s David Ripley, Gemini’s Winklevoss twins, Coinbase’s Brian Armstrong, and others, highlighting strong industry support. The GENIUS Act aims to provide regulatory clarity for stablecoins and foster blockchain innovation, following delays due to congressional debates. This move signals a growing recognition of cryptocurrency’s role in the US financial system and could pave the way for further crypto-friendly policies.
about Trump Signs GENIUS Act, Backed by Crypto LeadersUS Cracks Down on $250K Crypto Scam Impersonating Trump
Federal prosecutors have filed a complaint against fraudsters who impersonated the Trump-Vance Inaugural Committee, scamming victims out of $250,000 using fake emails. The US government is moving to forfeit $40,000 in USDT tied to the scheme, with half already seized from a Binance account linked to a Nigerian individual. The Secret Service is expanding its efforts against crypto scams through its Global Investigative Operations Center (GIOC), which has confiscated nearly $400 million in digital assets over the past decade. The agency, a major crypto custodian since the 1990s, is leveraging advanced tools to combat fraudulent schemes like ‘pig butchering.’
about US Cracks Down on $250K Crypto Scam Impersonating TrumpTrump’s Bill Impact on Crypto: Bullish or Bearish?
The crypto market is closely monitoring the implications of Trump’s ‘One Big Beautiful Bill,’ which passed the Senate with a tie-breaking vote from VP JD Vance. While the bill lacks direct crypto provisions, traders anticipate ripple effects from broad tax cuts and consumer spending incentives that could boost Bitcoin and altcoins. Santiment reports increased social volume around terms like ‘big’ and ‘bill,’ signaling market optimism. The bill’s 100% bonus depreciation for mining equipment is seen as bullish for Bitcoin’s hash rate. However, disappointment lingers over the exclusion of Senator Lummis’ crypto-friendly amendment. Elon Musk’s criticism of the bill’s spending cuts added volatility, with Dogecoin briefly entering the narrative. Market sentiment remains cautiously optimistic, aligning with ‘sell the rumor, buy the news’ behavior. Traders will watch fiscal-monetary interactions and political negotiations for further cues.
about Trump's Bill Impact on Crypto: Bullish or Bearish?Trump Threatens Japan with 35% Tariffs, Stirs Market Fears
President Donald Trump has intensified trade tensions by proposing tariffs of up to 35% on Japan, warning of a worsening trade deficit. The move has heightened market anxieties, with fears of retaliatory measures. Simultaneously, Trump’s tax bill is encountering pushback from Republican lawmakers, setting the stage for a contentious House vote. The Senate narrowly passed the bill with Vice President JD Vance’s tie-breaking vote, but House moderates and conservatives remain divided. The developments signal potential economic and political turbulence ahead.
about Trump Threatens Japan with 35% Tariffs, Stirs Market FearsGill’s Late Bitcoin Disclosures Raise Transparency Concerns
Republican Congressman Brandon Gill filed two Bitcoin disclosures weeks after the legal deadline, violating the STOCK Act, which mandates timely reporting of lawmakers’ securities transactions. Gill reported purchases between $100,001 and $250,000 in Bitcoin on January 29 and February 27 but only disclosed them months later. The STOCK Act, designed to prevent insider trading, carries a minimal $200 fine, often waived. Gill, a vocal crypto advocate, made the trades amid Trump-aligned pushes for deregulation. His delayed filings fuel concerns about conflicts of interest, as lawmakers increasingly invest in crypto while supporting industry-friendly policies. Democrats have proposed bills to restrict officials’ crypto holdings, but these lack GOP support.
about Gill's Late Bitcoin Disclosures Raise Transparency ConcernsIMF Demands Clarity on Pakistan’s Bitcoin Mining Power Plan
The International Monetary Fund (IMF) has demanded urgent clarification from Pakistan regarding its decision to allocate 2,000 megawatts of power to Bitcoin mining and AI data centers, as the country faces electricity shortages and fiscal challenges. The IMF, which recently approved a $2.4 billion loan for Pakistan, insists on consultation for policy changes under its Extended Fund Facility. Pakistan’s plans to repurpose coal plants for crypto mining have sparked concerns over electricity tariffs and distribution. Meanwhile, Pakistan is accelerating its crypto adoption, establishing regulatory bodies like the Pakistan Digital Assets Authority (PDAA) and launching a national Bitcoin wallet. The IMF’s scrutiny highlights tensions between Pakistan’s crypto ambitions and its fiscal commitments.
about IMF Demands Clarity on Pakistan's Bitcoin Mining Power Plan