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Asked by reporters whether the US is preparing for a trade war with China, US President Donald Trump responded: “Well, we’re in one now.” US President Donald Trump has confirmed the US is in an active trade war with China after threatening a 100% tariff on all Chinese imports last week. “Well, we’re in one…
Friday’s flash crash reduced short-term risk appetite but did not affect Bitcoin’s long-term potential, possibly delaying a new all-time high by weeks or even months. Key takeaways: Bitcoin’s resilience after Friday’s $19 billion flash crash shows long-term demand remains strong despite short-term risk aversion. Derivatives traders remain cautious, with arbitrage opportunities and negative funding rates…
Ether, BNB and Solana led as the crypto market powered back up after Friday’s flash crash, with crypto treasury firm BitMine capitalizing on the dip. Total crypto market capitalization soared back over $4 trillion on Sunday, with Ether, BNB and Dogecoin posting double-digit gains after Friday’s market crash that wiped out nearly $500 billion in…
Tensions between the two countries appear to have cooled off on Sunday, as representatives from both sides signal a willingness to negotiate. Trade tensions between the US and China appear to be softening, as representatives from both governments issued statements on Sunday that signaled a willingness to resume trade negotiations, giving analysts hope of a…
President Donald Trump declared Friday that he will impose a 100% tariff on all imports from China, while also imposing export controls on “any and all critical software” from the United States. This is the latest move in what looks like an escalating trade conflict between the United States and China. In a Truth Social…
Moody’s warns “cryptoization” is undermining monetary policy and bank deposits in emerging markets amid uneven regulatory oversight. As stablecoin and cryptocurrency adoption accelerate worldwide, emerging markets face mounting risks to monetary sovereignty and financial stability, according to a new report from Moody’s Ratings. The credit rating service warned that widespread use of stablecoins — tokens…
President Trump on Friday announced that the TikTok deal, which would potentially see the video platform controlled by a consortium of U.S. investors, had been approved by President Xi of China. TikTok owner ByteDance also issued a public statement saying the company would work to ensure that TikTok “remains available to American users through TikTok…
Tech giant Huawei unveiled new AI infrastructure meant to help boost compute power and allow the company to better compete with rival chipmaker Nvidia. At a keynote at its Huawei Connect conference on Thursday, Shenzhen, China-based Huawei announced new SuperPoD Interconnect technology that can link together up to 15,000 graphics cards, including Huawei’s Ascend AI chips, to increase compute power. This tech seems to be a competitor for Nvidia’s NVLink infrastructure, which facilitates high-speed communication between AI chips. Technology like this is critical for…
Apple is set to release its upcoming iPhone 17 series on September 19 in most countries across the world. However, the eSIM-only iPhone Air’s release is being delayed in China, likely due to regulatory issues around the approval of the embedded SIM. Apple’s website notes that all three Chinese state-owned network providers, China Mobile, China…
Chinese regulators are reportedly preparing to restrict mainland state-owned enterprises and banks from pursuing stablecoin and crypto initiatives in Hong Kong. Chinese internet giants, state-owned enterprises and financial institutions operating in Hong Kong may face restrictions on stablecoin and crypto activities. According to a Thursday report by local news outlet Caixin, mainland Chinese firms operating…