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Live: Albanese returns to Melbourne as Labor tries to sandbag votes
by Stephanie Dalzell, Elissa Steedman, Courtney Gould, and Jake Evans on April 6, 2025 at 8:55 pm
Prime Minister Anthony Albanese's campaign has returned to Melbourne, as Opposition Leader Peter Dutton ticks Adelaide off his list. Follow live.
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Israeli strikes kill 32 as US citizen shot dead in the West Bank, officials say
on April 6, 2025 at 8:53 pm
Strikes kill more than a dozen women and children in Khan Younis and Jabaliya, medics say, as Benjamin Netanyahu flies to Washington to meet with Donald Trump.
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For people with migraine, exercise is a 'double-edged sword'
by Anthea Beveridge on April 6, 2025 at 8:42 pm
For many people who live with migraine, exercise has been reported as a trigger for attacks. But studies also show that exercise can be prescribed as a non-medical treatment that could decrease their frequency, intensity and attack duration.
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Is SA’s health system a hot mess? That depends on who you ask
by Thomas Kelsall on April 6, 2025 at 8:42 pm
A document lodged with SA’s workplace safety regulator gives a glimpse into life on the frontline of an Adelaide emergency department. It isn’t pretty.
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Doctors say 'we don't have a choice' as they prepare for three-day strike
by Brianna Parkins on April 6, 2025 at 8:37 pm
The doctors' union is going ahead with its planned action despite warnings from the Industrial Relations Commission and NSW Health.
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Farmer calls for hunting buffer zones after bullet smashes windscreen
by Isla Evans and Joshua Becker on April 6, 2025 at 8:30 pm
A NSW cattle farmer is calling for buffer zones to prevent licensed hunting on the border of private properties amid a police investigation into a bullet hitting his parked truck.
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Weeks of wet weather clears for Queensland school holidays
by Josh Dye on April 6, 2025 at 8:25 pm
Tourists can look forward to fine weather as the school holidays begin, with the weather bureau predicting warm and sunny conditions across Queensland.
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Why the form of a key Waratahs recruit should be concerning for Wallabies
by Luke Pentony on April 6, 2025 at 8:22 pm
Taniela Tupou was a star signing for the Waratahs, but his performances in Super Rugby Pacific will need to improve if he's to feature in the Wallabies' squad to face the British and Irish Lions.
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The strange story of how a Russian treasure got to regional Australia
by Mary McGillivray on April 6, 2025 at 8:20 pm
A regional Australian gallery isn't the first place you'd expect to find a neo-baroque masterpiece that belonged to a Russian tsar. Yet, with some mystery surrounding it, that's just what's happened.
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Separated by years of war, Ukrainian families balance safety, duty and love
by Audrey Courty on April 6, 2025 at 8:18 pm
Ukrainian children and wives have been apart from their fathers and husbands for more than three years. But families like Kira's continue to balance safety, duty and love.
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Smart meters are breeding confusion and broken trust, a watchdog says
by Daniel Mercer on April 6, 2025 at 8:16 pm
They were billed as the intelligent key to some sort of energy utopia, but smart meters are breeding confusion and broken trust, a watchdog finds.
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Should you brush your teeth before or after breakfast? It depends
by Kellie Scott on April 6, 2025 at 8:00 pm
It's possible you've received conflicting advice from dentists over the years about whether to brush your teeth before or after your morning meal. We explain why.
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Trump officials say some tariffs could last 'days or weeks'
on April 6, 2025 at 7:58 pm
Officials also outline why the US president decided to place tariffs on uninhabited islands, as investors wait for major Asian stock markets to open.
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Jundah residents start clean-up after western Queensland flood disaster
by Grace Nakamura on April 6, 2025 at 7:56 pm
Residents in the outback town reflect on the shock and fear they felt as their once-dry town found itself inundated by floodwaters.
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Queensland solar program aims to reduce power bills for renters
by Rachel Stewart on April 6, 2025 at 7:50 pm
A solar panel rebate program for Queensland rental properties announced by the LNP more than a year ago will roll out by the end of the year, aiming to save renters up to $700 a year off power bills.
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Tszyu's dream homecoming a welcome tonic to American nightmare
by Simon Smale on April 6, 2025 at 7:39 pm
Tim Tszyu conquers the demons summoned by his blood-soaked defeats in the USA. But now he has the bit back between his teeth, it might be best to stay home in future, and make people come to him.
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Bitcoin falls below $80K — Will PI, OKB, GT and ATOM outperform BTC and altcoins?
by Cointelegraph by Rakesh Upadhyay on April 6, 2025 at 7:35 pm
Last week, Bitcoin (BTC) began showing early signs of decoupling from the US stock markets. Bitcoin was relatively flat over the week, while the S&P 500 plunged by 9%. The sell-off was triggered following US President Donald Trump’s April 2 global tariff announcement, which escalated further on April 4 as China retaliated with new tariffs on US goods. Even gold was not spared and was down 1.9% for the week.Alpine Fox founder Mike Alfred highlighted in a post on X that a gold bull market is bullish for Bitcoin. During previous cycles, gold led Bitcoin for a short while, but eventually, Bitcoin caught up and grew 10 times or more than gold. He added that it would not be any different this time.Crypto market data daily view. Source: Coin360Although the short-term outperformance of Bitcoin is an encouraging sign, traders should remain cautious until further clarity emerges on the macroeconomic front. If the US stock markets witness another round of selling, the cryptocurrency markets may also come under pressure.A handful of altcoins are showing strength on the charts, but waiting for the overall sentiment to turn bullish before jumping could be a better strategy. If Bitcoin breaks above its immediate resistance, what are the top cryptocurrencies that may follow it higher?Bitcoin price analysisBitcoin bulls have failed to push the price above the resistance line, but they have not ceded much ground to the bears. This suggests that the bulls have kept up the pressure.BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day exponential moving average ($84,241) is flattening out, and the relative strength index (RSI) is just below the midpoint, signaling a balance between supply and demand.This advantage will tilt in favor of the bulls on a break and close above the resistance line. There is resistance at $89,000, but if the level gets taken out, the BTC/USDT pair could ascend toward $100,000.The $80,000 is the vital support to watch out for on the downside. If this level cracks, the pair could plummet to $76,606 and then to $73,777.BTC/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe pair has been consolidating between $81,000 and $88,500. The moving averages on the 4-hour chart are sloping down marginally, and the RSI is just below the midpoint, signaling the continuation of the range-bound action in the near term. If buyers push the price above $85,000, the pair could rally to $88,500. This level could attract sellers, but the pair may jump to $95,000 if the bulls prevail. The bears will be back in the driver’s seat if the price breaks below the $81,000 to $80,000 support zone. The pair may then dump to $76,606.Pi Network price analysisPi Network (PI) has been in a strong downtrend since topping out at $3 on Feb. 26. The relief rally on April 5 shows the first signs of buying at lower levels.PI/USDT daily chart. Source: Cointelegraph/TradingViewAny recovery is expected to face selling at the 20-day EMA (0.85), which remains the key short-term level to watch out for. If the PI/USDT pair does not give up much ground from the 20-day EMA, it indicates that the bulls are holding on to their positions. That opens the doors for a rally above the 20-day EMA. The pair could then jump to the 50% Fibonacci retracement level of $1.10 and next to the 61.8% retracement level of $1.26.The $0.40 level is the critical support on the downside. A break and close below $0.40 could sink the pair to $0.10.PI/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe 4-hour chart shows that the bears are defending the 50-simple moving average, but a minor positive is that the bulls are trying to keep the pair above the 20-EMA. If the price rebounds off the 20-EMA, the bulls will attempt to kick the pair above $0.80. If they do that, the pair could travel to $1.20.On the contrary, a break and close below the 20-EMA suggests that the bears have kept up the pressure. The negative momentum could pick up on a break below $0.54. The pair may then retest the vital support at $0.40.OKB price analysisOKB (OKB) turned up sharply on April 4 and closed above the moving averages, indicating that the bulls are attempting a comeback.OKB/USDT daily chart. Source: Cointelegraph/TradingViewThe up move continued, and the bulls pushed the price above the short-term resistance at $54 on April 6. The OKB/USDT pair could reach the resistance line of the descending channel, which is likely to attract sellers. If the price turns down sharply and breaks below $54, the pair may oscillate inside the channel for a few more days.On the other hand, if buyers do not give up much ground from the resistance line, it increases the likelihood of a break above the channel. The pair could climb to $64 and then to $68.OKB/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe pair will complete an inverted head-and-shoulders pattern on a break and close above the neckline. The up move may face selling at the resistance line, but on the way down, if buyers flip the neckline into support, it increases the possibility of a break above the resistance line. If that happens, the pair could start its march toward the pattern target of $70.Sellers will have to fiercely defend the neckline and quickly pull the price below the 20-EMA to prevent the rally. The pair may drop to the 50-SMA and thereafter to $45.Related: Solana TVL hits new high in SOL terms, DEX volumes show strength — Will SOL price react?GateToken price analysisGateToken (GT) has been finding support at the 50-day SMA ($22.05) for a few days, which is an important level to watch out for.GT/USDT daily chart. Source: Cointelegraph/TradingViewThe flattish moving averages and the RSI just below the midpoint do not give a clear advantage either to the bulls or the bears. A break and close above $23.18 could push the price to $24. This remains the key overhead resistance for the bears to defend because a break above it could catapult the GT/USDT pair to $26.This positive view will be invalidated in the short term if the price breaks and maintains below the 50-day SMA. The pair may sink to $21.28 and then to $20.79.GT/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe pair turned down from the resistance line of the descending channel pattern, indicating selling on rallies. The break below the moving averages suggests the pair may remain inside the channel for some more time.Buyers will gain the upper hand on a break and close above the resistance line. Such a move suggests that the corrective phase may be over. The pair could rally to $23.18 and then to $24.Cosmos price analysisCosmos (ATOM) is trying to form a bottom but is facing selling at $5.15. A minor positive in favor of the bulls is that they have not allowed the price to break below the moving averages.ATOM/USDT daily chart. Source: Cointelegraph/TradingViewIf the price rebounds off the moving averages with force, it signals buying on dips. That improves the prospects of a break above the $5.15 resistance. If that happens, the ATOM/USDT pair could surge toward $6.50 and then to $7.17.Contrarily, a break and close below the moving averages suggests a possible range formation in the near term. The pair could swing between $5.15 and $4.15 for a while. Sellers will be back in command on a slide below $4.15.ATOM/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe bulls and the bears are witnessing a tough battle at the 20-EMA on the 4-hour chart. If the price remains below the 20-EMA, the pair could tumble to the 50-day SMA and later to $4.15. Buyers are expected to fiercely defend the $4.15 level.Instead, if the price stays above the 20-day EMA, it signals solid demand at lower levels. The bulls will then try to push the pair to $5.15. A break and close above this resistance could start a new up move.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Pacific nations should be 'more aggressive' on China, says Littleproud
by Stephen Dziedzic and Lucy Cooper on April 6, 2025 at 7:26 pm
The Nationals leader says the Coalition would work with Pacific countries to "understand their power" with regard to China.
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If you haven't enrolled to vote, you only have a few hours left
on April 6, 2025 at 7:24 pm
The AEC is urging Australians to enrol to vote in the federal election to have their say in Australia's democracy.
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Parties urged not to repeat solar 'mistakes' with batteries
by Daniel Mercer on April 6, 2025 at 7:21 pm
A top energy expert says governments must ensure households that can't access subsidies for batteries still get a benefit, and must not be penalised.
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MP criticised for drop in participation since becoming independent
by Natasha Schapova and Harrison Tippet on April 6, 2025 at 7:09 pm
Victorian MP Darren Cheeseman was forced to resign from the Labor Party in April last year, but since becoming an independent his participation in parliament has dropped.
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Stablecoins are the best way to ensure US dollar dominance — Web3 CEO
by Cointelegraph by Vince Quill on April 6, 2025 at 7:05 pm
Stablecoins are the single best tool for the United States government to maintain the US dollar's hegemony in global financial markets, according to LayerZero Labs CEO and founder Bryan Pellegrino.In an interview with Cointelegraph, the CEO of LayerZero Labs, which created the LayerZero interoperability protocol recently chosen by Wyoming to be the distribution partner for the Wyoming stablecoin, said that the cross-border accessibility of dollar-pegged tokens makes them an obvious choice to drive US dollar demand. Pellegrino added:"Stablecoins for the US dollar are the single best tool — the last Trojan Horse or vampire attack on every single other currency in the world — whether it is Argentina, whether it is Venezuela, whether it is all of the countries that have massive inflation."The CEO said he expects support for stablecoins on both the federal and state levels to grow because of the obvious boost stablecoins give to the US dollar in foreign exchange markets and the financial moat stablecoin-driven demand will create around the US dollar's global reserve currency status.Stablecoin market overview. Source: RWA.XYZRelated: Certain stablecoins aren't securities, SEC says in new guidanceUS government looks to stablecoins to protect US dollarPellegrino cited Tether's emerging role as one of the largest buyers of US Treasury bills in the world as evidence of the demand for US debt instruments from stablecoin issuers.Tether recently became the seventh-largest holder of US Treasuries, beating out Canada, Germany, Norway, Hong Kong, and Saudi Arabia.Speaking at the White House Crypto Summit on March 7, US Treasury Secretary Scott Bessent said the Trump administration would leverage stablecoins to extend US dollar hegemony and indicated this would be a top priority for officials in 2025.According to a 2023 report from Chainalysis, over 50% of all the digital asset value transferred to countries in the Latin American region, including Argentina, Brazil, Columbia, Mexico, and Venezuela was denominated in stablecoins.The low transaction fees, relative stability, and near-instant settlement times for dollar-pegged stablecoins make these real-world tokenized assets ideal for remittances and stores of value for residents in developing countries suffering from high inflation and capital controls.Magazine: Bitcoin payments are being undermined by centralized stablecoins
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As America has a break with reality, the world will move on to a new order
by Alan Kohler on April 6, 2025 at 7:00 pm
The Australian government after May 3 will no doubt want to try to negotiate with the Trump administration about our 10 per cent tariff, but they might be better off to just work around it and move on.
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Australia is the anti-America when it comes to polarisation
by Patricia Karvelas on April 6, 2025 at 7:00 pm
If you feel this is the most 'meh' election you've witnessed, you are not alone. New research shows Australian voters are not deeply polarised or highly enthusiastic; instead, they are both uncertain and ambivalent.
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The major parties are helping create a generation of swing voters
by Casey Briggs on April 6, 2025 at 7:00 pm
This election campaign could matter more than any in recent history for one important reason – according to polls more Australians than ever before are unsure of who to vote for.
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Ukrainian troops' ceasefire warning: 'It won't work with the Russians'
by Mazoe Ford on April 6, 2025 at 6:48 pm
Ukrainian soldiers and medics who have been on the front line during Russia's full-scale invasion over the past three years have come to the United Kingdom for six weeks to boost their battlefield medicine skills, and they have a message about ceasefire negotiations underway.
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Childcare giants exposed in disturbing document dump
by Adele Ferguson and Chris Gillett on April 6, 2025 at 6:46 pm
Some of the country's largest childcare operators are named in a damning cache of regulatory documents the NSW government and regulator tried to keep hidden from the public.
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Bitcoin price drops below $80K as stocks face 1987 Black Monday rerun
by Cointelegraph by William Suberg on April 6, 2025 at 6:22 pm
Bitcoin (BTC) turned up volatility into the April 6 weekly close as fears of a stock market crash contrasted with bullish BTC price targets.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewCNBC’s Cramer: 1987 crash not “off the table yet”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping below $80,000 on the day, down 3% since the start of the week.The days in between had seen several bouts of flash volatility as US trade tariffs and recession concerns stoked major losses across risk assets.US stocks in particular recorded significant losses, with both the S&P 500 and Nasdaq Composite Index finishing the April 4 trading session down nearly 6%.“Trump's tariff announcement this week has wiped out $8.2 TRILLION in stock market value — more than was lost during the worst week of the 2008 financial crisis,” author and financial commentator Holger Zchaepitz summarized in a response on X.Bloomberg World Exchange Market Capitalization chart. Source: Holger Zschaepitz/XThe poor close caused some to wonder how the coming week would open, with comparisons to the “Black Monday” 1987 crash surfacing across social media.“It's tough to build a new, weaker, world order on the fly,” Jim Cramer, host of CNBC’s “Mad Money” segment, argued on X over the weekend.“Frantically trying to do it but don't see anything yet that takes the October 87 scenario off the table yet. Those who bottom-fished are sleeping with the fishes ...so far.”S&P 500 1-day chart. Source: Cointelegraph/TradingViewCramer had previously warned over a 1987 scenario playing out live on air, but subsequently reasoned that control mechanisms in the form of market circuit breakers “could slow things down.”Bitcoin circles also saw some daring predictions of how markets would behave in the short term. Max Keiser, the popular yet controversial Bitcoin supporter, even called for BTC/USD hitting a giant $220,000 before the end of the month.“A 1987 style mega crash will push Bitcoin to $220,000 this month as trillions in wealth seek the ultimate safe haven: Bitcoin,” he wrote in part of an X response to Cramer. Bitcoin resists copycat BTC price diveAmong traders, the diverging sentiment over Bitcoin and stocks was increasingly apparent.Related: Bitcoin crash risk to $70K in 10 days increasing — Analyst says it’s BTC’s ‘practical bottom’After withstanding the worst of the tariff shock last week, many argued that the coming days could even result in pronounced BTC price upside.$BTC - #Bitcoin: Ofcourse we can go lower first. However I think we will see the last push of this cycle soon. pic.twitter.com/dp6otpgE16— Crypto Caesar (@CryptoCaesarTA) April 5, 2025Bitcoin is gearing up for a breakout next week — the $150K run might just be starting!$BTC #Bitcoin pic.twitter.com/jNWNoiHnwo— @CryptoELlTES (@CryptooELITES) April 5, 2025“$BTC Volatility going lower and lower while the $VIX (Volatility Index) on Stocks has closed at the highest level since the Covid Crash in 2020,” popular trader Daan Crypto Trades acknowledged in his latest analysis.“This is pretty unheard off and due to this compression I'm pretty confident a large move for crypto is going to occur next week as well. Whether it's up or down comes down to whether stocks can find a bottom early in the week or not I'm assuming.”BTC/USD vs. VIX volatility index chart. Source: Daan Crypto Trades/XFellow trader Cas Abbe suggested that recent $76,000 lows on BTC/USD may end up as a classic fake breakdown.“This looks no different than the post-ETF dump and August 2024 crash,” he told X followers. “I'm waiting for a weekly reclaim of $92,000 to confirm the uptrend.”BTC/USDT 1-week chart. Source: Cas Abbe/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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NEC Director Kevin Hassett, “more than 50 countries have reached out to the president to begin a...
by Sundance on April 6, 2025 at 5:19 pm
Appearing on This Week with George Stephanopoulos, regime commander for the hard left, White House Director of the National Economic Council, Kevin Hasset, shared that, “more than 50 countries have reached out to the president to begin a negotiation.” Despite all the media pontification to the contrary, this notation should not come as a surprise, The post NEC Director Kevin Hassett, “more than 50 countries have reached out to the president to begin a negotiation” appeared first on The Last Refuge.
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CFPB likely to step back from crypto regulation — Attorney
by Cointelegraph by Vince Quill on April 6, 2025 at 5:12 pm
The Consumer Financial Protection Bureau (CFPB) will likely see a reduced role in crypto regulations as other federal agencies like the Securities and Exchange Commission (SEC) and state-level regulators assume a bigger role in crypto policy, according to Ethan Ostroff, partner at the Troutman Pepper Locke law firm."I think with the current administration, my sense is, we are highly likely to see a significant pullback by the CFPB in the context of the activity by other regulators," Ostroff told Cointelegraph in an interview.State regulators also have the authority under the Consumer Financial Protection Act (CFPA) to assume some of the regulatory roles of the CFPB, the attorney said but also added that some regulatory functions will continue to fall within the purview of the CFPB as a matter of established law.Ostroff cited the New York Department of Financial Services (NYDFS) and the California Department of Financial Protection and Innovation (DFPI) as regulators to keep an eye on as potential leaders of crypto regulations at the state level.However, the attorney clarified that while the CFPB may see a diminished role during the Trump administration, the agency would not be outright dismantled during the current regime due to "statutorily mandated obligations and requirements" that require acts of Congress to change.Related: Elon Musk’s ‘government efficiency’ team turns its sights to SEC — ReportTrump administration targets CFPB in efficiency pushThe Trump administration targeted the CFPB as part of a broader push by the Department of Government Efficiency (DOGE) to slash government spending and reduce the federal debt.Russell Vought, the recently appointed head of the CFPB, announced major funding cuts to the agency and scaled back operations within days of assuming the helm at the CFPB in February 2025.Source: Russell VoughtMassachusetts Senator Elizabeth Warren criticized Elon Musk for dismantling the CFPB, which the US senator co-founded back in 2007.Warren characterized Musk as a "bank robber" and claimed that the Trump administration dismantled the CFPB to undo consumer protection rules and have greater control over the financial system.In a February 12 interview with Mother Jones, the senator stressed that the Executive Branch of government does not have the statutory authority to fully dismantle the CFPB, which can only be done through Congressional approval.Magazine: SEC’s U-turn on crypto leaves key questions unanswered
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As gaming giants crumble, onchain gaming promises remain unfulfilled
by Cointelegraph by Daryl Xu on April 6, 2025 at 3:00 pm
Opinion by: Daryl Xu, co-founder and CEO, NPC LabsWhile gaming has been on a steady decline since the end of COVID-19 lockdowns, 2024 hit the industry especially hard, with layoffs and studio closures hitting even the most prominent studios. While unsustainable development costs and an innovation crisis seem to be the main culprits behind the collapse, Web3 gaming emerged as a potential solution promising to return power to developers — and it raised billions of dollars in investment to do so. Yet, despite a continued rise in crypto adoption, Web3 gaming has failed to capture mainstream players’ attention or solve any of gaming’s fundamental problems. Why? Early blockchains were designed for financial applications. Game developers were forced to either build on blockchains that weren’t designed for their use or create their own chains that isolated themselves from the blockchain ecosystem. Either choice led to poor player experience and an overemphasis on tokenomics. Many developers choose the latter, picking control over connectivity. Inadvertently, this resulted in walled gardens that were not dissimilar to the ones that contributed to traditional gaming’s collapse.A solution that created more problemsA recent article in The New York Times revealed that over the last 30 or 40 years, video game industry executives have bet on better graphics to bring in players and profits rather than leaning on creativity. Traditional gaming development is costly, regularly exceeding $100 million per title. Indie developers often struggle to compete against large publishers who ultimately control funding and distribution.Blockchain seemed to be a promising solution for indie studios, providing them with new avenues to raise funds and giving them control over distribution. Early Web3 gaming platforms, however, ended up recreating the same enclosed systems that blockchain was trying to fix. With high player acquisition costs and limited Web3 gamers, Web3 gaming platforms deepened their moats to prevent users from moving away. As it continued developing, Web3 gaming introduced its own problems. An impossible choice for game developersThe technological infrastructures of layer-1 blockchains like Ethereum and Solana were created for finance and not aligned with gaming’s requirements. Beyond transaction speed, layer-2 solutions were not designed to handle gaming’s unique needs either.Game developers — attracted to Web3’s funding model, promises of ownership and user engagement, are forced to either build on existing blockchains and compromise gameplay or launch their own chain — which diverts attention and resources away from what they want to do: make better games. Recent: Web3 gaming investors no longer throwing money at ‘Axie killers’While crypto native players may feel this is a worthwhile tradeoff, mainstream gamers want engaging experiences. A January DappRadar report showed that Web3 gaming had reached 7.3 million unique active wallets, but in speaking with the community anecdotally, approximately 10,000 of those represent the actual gaming cohort who aren’t in games just to farm rewards. This number may be higher but is not more than 50,000 to 100,000 at the most.A misalignment with gaming cultureThe thing that converts mainstream users onchain isn’t non-fungible tokens (NFTs) or decentralized finance, its meaningful ownership of in-asset games. Mainstream gamers have spent decades on arcade games, Nintendo or mobile games. If combined with true ownership of in-game assets, that familiarity is powerful enough to create a compelling experience for developers and gamers.While Web3 games claim to be revolutionizing gaming, most projects aren’t listening to actual gamers. In actuality, they end up competing for the same crypto-native users. Rather than focusing on fun and engaging gameplay, most Web3 games are led by crypto technology and tokenomics. Within this bubble, success in Web3 gaming meant taking crypto users from each other rather than bringing new players onchain. With rare exceptions, the industry lost sight of what’s important: making fun games that people want to play.This misalignment also extends to game developers who want to enter Web3 to create better player experiences and sustainable revenue models. Game studios understand the potentials of Web3 but are hesitant to navigate crypto’s complex systems, which require technical skills to build protocols with sufficient liquidity and user bases while delivering seamless gameplay simultaneously.Make games fun againAs major studios continue to struggle, Web3 has a second chance to deliver on its promise. But this time, we must rethink how games interact. We must focus on creating access for creators and players instead of building new walled gardens. This requires Web3 gaming-specific infrastructure that provides both developer control and cross-ecosystem collaboration. The path forward is clear. We need to restore economic freedom to creators and put control back in players’ hands. That means revenue models that reward collaboration instead of isolation. Most importantly, it means returning to gaming’s roots — making games fun again. The future of gaming isn’t about better graphics or token incentives. It’s about creating an industry where creativity and collaboration can thrive. When developers can focus on making engaging experiences instead of building moats, everyone wins.Opinion by: Daryl Xu, co-founder and CEO, NPC Labs.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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Trump’s Liberation Day: ‘Climax of uncertainty’ before crypto market recovery
by Cointelegraph by Zoltan Vardai on April 6, 2025 at 2:17 pm
Cryptocurrency markets could be on track for recovery as investor sentiment begins to stabilize following US President Donald Trump’s sweeping tariff announcement — what some analysts are calling the peak of recent market uncertainty.Trump announced his reciprocal import tariffs on April 2, which sent tremors across global markets. The S&P 500 lost more than $5 trillion, its largest drop on record, surpassing the pandemic-induced crash in March 2020, according to Reuters.Still, some analysts see a silver lining to the tariff announcement.“In my opinion, the tariffs are the representation of the uncertainty in the markets,” Michaël van de Poppe, founder of MN Consultancy, told Cointelegraph. “Liberation Day is basically the peak of that period, the climax of uncertainty. Now it’s out in the open. Everybody knows the new playing field.”Van de Poppe added that he believes Trump is using tariffs as a strategic move to stimulate domestic growth and reduce yields. “Tariffs are literally the only way to do that,” he said. “I wouldn’t be surprised if they’re reversed within the next six to 12 months.”Average tariff rate on US goods and imports. Source: JPMorgan, Ayesha TariqPresident Trump’s plan imposes a 10% baseline tariff on all US imports from April 5 and a higher “reciprocal tariff” of up to 54% on select countries with larger trade deficits from April 9.Related: Michael Saylor’s Strategy buys Bitcoin dip with $1.9B purchaseImport tariffs could trigger Fed easingStill, the end of the uncertainty could bring renewed investment into crypto markets, leading to a recovery, Van de Poppe said:“We’ll start to see the rotation toward the crypto markets in the coming period where there’s more calm and peace in the markets where investors start to buy the dip and understand that some things have been undervalued.”He noted that the economic impact of the tariffs may ultimately lead the US Federal Reserve to lower interest rates and begin a new round of quantitative easing (QE), a monetary policy that involves the Fed buying bonds to inject liquidity into the economy.Arthur Hayes, co-founder of BitMEX and chief investment officer at Maelstrom, has predicted Bitcoin could climb to $250,000 if the Fed formally enters a QE cycle.Related: Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve assetTrump tariff uncertainty still weighing on sentimentOn the downside, the tariff-related uncertainty may continue pressuring risk asset appetite for weeks, according to Noelle Acheson, author of the Crypto is Macro Now newsletter.“We can count on President Trump changing his mind a few times within the first couple of weeks,” Acheson told Cointelegraph. She added:“With heightened uncertainty a given in these markets, we can expect more risk-off behavior, even though some short-term bounces may bring some relief.”“For crypto, BTC continues to act like a risk asset short-term while its analog counterpart gold breaks through one all-time high after another,” a development that may impact crypto investor sentiment in the short term, Acheson said.Meanwhile, crypto intelligence firm Nansen estimated a 70% probability that the market could bottom by June, depending on how the tariff negotiations evolve.Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29
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Here’s what happened in crypto today
by Cointelegraph by Cointelegraph on April 6, 2025 at 1:52 pm
Today in crypto, a recent court filing shows nearly 400,000 FTX users risk losing $2.5 billion in crypto repayments unless they complete Know Your Customer (KYC) verification before the extended June 1 deadline, Bill Ackman speculated that US President Donald Trump could delay his proposed tariffs on April 7, and UFC fighter Conor McGregor launched a memecoin.Nearly 400,000 FTX users risk losing $2.5 billion in repaymentsNearly 400,000 creditors of the bankrupt cryptocurrency exchange FTX risk missing out on $2.5 billion in repayments after failing to begin the mandatory Know Your Customer (KYC) verification process.Roughly 392,000 FTX creditors have failed to complete or at least take the first steps of the mandatory Know Your Customer verification, according to an April 2 court filing in the US Bankruptcy Court for the District of Delaware.FTX users originally had until March 3 to begin the verification process to collect their claims.“If a holder of a claim listed on Schedule 1 attached thereto did not commence the KYC submission process with respect to such claim on or prior to March 3, 2025, at 4:00 pm (ET) (the “KYC Commencing Deadline”), 2 such claim shall be disallowed and expunged in its entirety,” the filing states.FTX court filing. Source: Bloomberglaw.comThe KYC deadline has been extended to June 1, 2025, giving users another chance to verify their identity and claim eligibility. Those who fail to meet the new deadline may have their claims permanently disqualified.Billionaire investor would “not be surprised” if Trump postpones tariffsCrypto-friendly billionaire investor Bill Ackman is considering the possibility that US President Donald Trump may pause the implementation of his controversial proposed tariffs on April 7."One would have to imagine that President Donald Trump's phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect," Ackman, founder of Pershing Square Capital Management, said in an April 5 X post."I would, therefore, not be surprised to wake up Monday with an announcement from the President that he was postponing the implementation of the tariffs to give him time to make deals," Ackman added.On April 2, Trump signed an executive order establishing a 10% baseline tariff on all imports from all countries, which took effect on April 5. Harsher reciprocal tariffs on trading partners with which the US has the largest trade deficits are scheduled to kick in on April 9.UFC champion and political candidate Conor McGregor launches tokenUFC champion fighter and Irish political candidate Conor McGregor launched a memecoin called "REAL" on April 5 in collaboration with the Real World Gaming decentralized autonomous organization (DAO).Spokespeople for the project characterized the release of the token, which was launched through a sealed-bid auction, as fairer for retail buyers and a bulwark against bots and snipers hijacking the token price.Source: Conor McGregorIn a statement to Cointelegraph, McGregor said, "This is about transparency — we are showing the world how it is done with integrity.”At the time of this writing, the token has only managed to attract approximately $144,530 of the $3,600,000 auction target.
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French Business Leaders Reject President Macron’s Demand to Divest from USA
by Sundance on April 6, 2025 at 1:45 pm
According to French media, quoting multiple corporate leaders and company directors throughout France [LINK], the leadership of France’s biggest companies told Macron to ‘get stuffed’ following the French president’s demand to divest their interests from America. President Macron ordered 50 of the largest companies with positions in the USA to attend an emergency economic meeting The post French Business Leaders Reject President Macron’s Demand to Divest from USA appeared first on The Last Refuge.
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Decentralized exchanges gain ground despite $6M Hyperliquid exploit
by Cointelegraph by Zoltan Vardai on April 6, 2025 at 12:37 pm
Decentralized cryptocurrency exchanges (DEXs) continue to challenge the dominance of centralized platforms, even as a recent $6.2 million exploit on Hyperliquid highlights risks in DEX infrastructure.A cryptocurrency whale made at least $6.26 million profit on the Jelly my Jelly (JELLY) memecoin by exploiting the liquidation parameters on Hyperliquid, Cointelegraph reported on March 27. The exploit was the second major incident on the platform in March, noted CoinGecko co-founder Bobby Ong.“$JELLYJELLY was the more notable attack where we saw Binance and OKX listing perps, drawing accusations of coordinating an attack against Hyperliquid,” Ong said in an April 3 X post, adding:“It’s clear that CEXes are feeling threatened by DEXes, and are not going to see their market share erode without putting on a fight.”DEX growth reshapes derivatives marketHyperliquid is the eighth-largest perpetual futures exchange by volume across both centralized and decentralized exchanges. This puts it “ahead of some notable OGs such as HTX, Kraken and BitMEX,” Ong noted, citing an April 4 research report.Related: Bitcoin to $110K next, Hyperliquid whale bags $6.2M ‘short’ exploit: Finance RedefinedHyperliquid’s growing trading volume is starting to cut into the market share of other centralized exchanges.Top derivative exchanges by open interest. Source: CoinGecko Hyperliquid is the 12th-largest derivatives exchange, with an over $3 billion 24-hour open interest — though it still trails Binance’s $19.5 billion by a wide margin, CoinGecko data shows.According to Bitget Research analyst Ryan Lee, the incident may harm user confidence in emerging decentralized platforms, especially if actions taken post-exploit appear overly centralized.“Hyperliquid’s intervention — criticized as centralized despite its decentralized ethos — may make investors wary of similar platforms,” Lee said.Whale exploits Hyperliquid’s trading logicThe unknown Hyperliquid whale managed to exploit Hyperliquid’s liquidation parameters by deploying millions of dollars worth of trading positions.The whale opened two long positions of $2.15 million and $1.9 million and a $4.1 million short position that effectively offset the longs, according to a postmortem by blockchain analytics firm Arkham.Hyperliquid exploiter, transactions. Source: ArkhamWhen the price of JELLY rose by 400%, the $4 million short position wasn’t immediately liquidated due to its size. Instead, it was absorbed into the Hyperliquidity Provider Vault (HLP), which is designed to liquidate large positions.Related: Polymarket faces scrutiny over $7M Ukraine mineral deal betAs of March 27, the unknown whale still held 10% of the memecoin’s total supply, worth nearly $2 million, despite Hyperliquid freezing and delisting the memecoin, citing “evidence of suspicious market activity” involving trading instruments.The Hyperliquid exploit occurred two weeks after a Wolf of Wall Street-inspired memecoin — launched by the Official Melania Meme (MELANIA) and Libra (LIBRA) token co-creator Hayden Davis — crashed over 99% after launching with an 80% insider supply.Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge
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Tried automating crypto trades with Grok 3? Here’s what happens
by Cointelegraph by Callum Reid on April 6, 2025 at 10:39 am
Key takeawaysGrok 3 adjusts its predictions based on evolving market trends by analyzing real-time data patterns.Combining technical analysis with sentiment data improves accuracy; Grok 3 effectively identifies potential trade opportunities.Backtesting strategies before live trading is crucial; testing Grok 3’s prompts using historical data helps refine conditions and improve performance.While Grok 3 can automate trades, human oversight remains critical in adapting to unexpected market conditions.Crypto trading is complex. Prices can swing wildly, and even experienced traders struggle to keep up. That’s why automation tools are gaining attention, with many now exploring Grok 3, an advanced artificial intelligence (AI) model from xAI (founded by Elon Musk).Grok 3 wasn’t built specifically for trading, but its ability to analyze data, spot patterns and interpret trends has encouraged traders to test it for automated strategies. The idea is simple: Let Grok 3 make data-driven decisions, removing the emotional guesswork that often leads to poor trades.But does it actually work? Some traders report impressive results, while others find it unpredictable, especially in volatile markets.This article digs into what happens when you automate crypto trades with Grok 3. From successful strategies to unexpected risks, you’ll get a clear picture of what to expect, plus actionable tips to improve your results.What is Grok 3 and how does it relate to crypto trading?Grok 3 is an AI model designed by xAI, an artificial intelligence company founded by Elon Musk. While its primary focus is natural language processing, some traders are now testing Grok 3 as a potential tool for improving crypto trading strategies. Unlike traditional trading bots operating on rigid rules, Grok 3’s flexible design allows it to analyze diverse data sources and uncover patterns that might be overlooked.Why some traders are turning to Grok 3Grok 3’s appeal lies in its ability to handle complex data, a crucial advantage in crypto markets, where price moves are often triggered by unexpected events or sentiment shifts.Here’s where traders say Grok 3 has potential:Identifying market sentiment trends: Crypto markets are heavily influenced by emotions like FOMO (fear of missing out) and FUD (fear, uncertainty, doubt). Grok 3 can analyze social media, news headlines and community discussions to assess changing sentiment, a key factor in crypto volatility.Recognizing hidden patterns: Grok 3’s machine learning capabilities allow it to detect subtle correlations between indicators that traditional bots may overlook. For instance, Grok 3 may link an increase in social sentiment with rising whale activity to predict bullish momentum.Flexible analysis based on prompts: Rather than following static rules like “Buy when RSI falls below 30,” Grok 3 enables traders to design more complex strategies using natural language instructions.What happens when Grok 3 is used to automate crypto trades?Grok 3 isn’t your typical crypto trading bot. It doesn’t place trades directly or integrate with exchanges on its own. But it can help traders build smarter, faster and more flexible automation systems. From writing trade logic to analyzing market sentiment, Grok 3 is already being used in the real world to streamline how crypto strategies are created and tested.Instead of manually scripting every piece of logic, traders are now using Grok 3 to generate working code for bots. For example, a user asked Grok 3 to write token buy/sell logic with parameters like slippage, take-profit and gas priority fees. It generated a script that can be plugged into DeFi tools or expanded with 0x and Uniswap APIs.Some traders use Grok 3 to build end-to-end bots tailored to niche tokens or specific strategies. In another example, Grok 3 was used to create an automated system that scans price action and triggers trades under strict conditions. It doesn’t just stop at buy/sell logic. Grok also writes portfolio rebalancing scripts and can simulate how positions would perform under different volatility conditions.Here is an example of a prompt fed into Grok 3, along with the output received.Grok 3’s response: High-frequency trading bot framework for Solana (SOL)Below is a structured outline for a high-frequency trading bot framework designed for Solana (SOL), focusing on one-minute price fluctuations, risk management and trade execution. This outline provides a modular structure with placeholders for key components, avoiding specific implementation details as requested.1. Core configurationPurpose: Define global settings and constants for the bot.Components:Solana network endpoint (e.g., mainnet RPC URL)Wallet configuration (private key or keypair for trading)Trading pair (e.g., SOL/USDC)Timeframe (one-minute candlestick data)Trade size ($100 per position)Max trades (10 concurrent or sequential positions)Profit target ($50 total)Max loss per trade ($20)2. Data acquisition modulePurpose: Fetch and process real-time SOL price data.Components:WebSocket connection to Solana blockchain or exchange API (e.g., Serum, Raydium, or centralized exchange like Binance)1-minute OHLCV (Open, High, Low, Close, Volume) data streamData buffer for storing recent price historyError handling for connection drops or latency3. Volatility analysis modulePurpose: Assess SOL’s price volatility to inform trade decisions.Components:Placeholder: Calculate short-term volatility (e.g., standard deviation or ATR over one-minute candles)Placeholder: Define volatility thresholds (e.g., high/low volatility states)Output: Volatility score or signal to adjust trade frequency/size4. Trade signal generatorPurpose: Generate buy/sell signals based on price fluctuations.Components:Placeholder: Simple momentum strategy (e.g., price crossing a short-term moving average)Placeholder: Filter signals using volatility analysisSignal validation (e.g., avoid over-trading within one-minute window)Output: Buy/sell signal with timestamp5. Risk management modulePurpose: Enforce risk controls and position limits.Components:Position size calculator (fixed at $100 per trade)Max loss check ($20 per trade stop-loss)Total profit/loss tracker (halt at $50 profit or after 10 trades)Concurrent trade limiter (cap at 10 active positions)Emergency stop (pause bot on extreme volatility or connectivity loss)6. Trade execution modulePurpose: Execute trades on the Solana blockchain or exchange.Components:Placeholder: Build Solana transaction (e.g., swap SOL for USDC via a DEX like Raydium)Order type (market order for speed in one-minute timeframe)Slippage tolerance (e.g., 0.5% max slippage)Transaction signing and submissionConfirmation listener (await transaction finality)Error handling (e.g., retry on failed execution)7. Performance monitoring modulePurpose: Track and log bot performance in real time.Components:Trade log (entry price, exit price, profit/loss, timestamp)Running total profit/loss calculatorPerformance metrics (e.g., win rate, average trade duration)Alert system (notify on profit target, max loss, or errors)8. Main control loopPurpose: Orchestrate bot operations in a continuous cycle.Components:Initialize bot (load config, connect to data feed)Loop:Fetch one-minute price dataAnalyze volatilityGenerate trade signalApply risk management checksExecute trade if conditions metUpdate performance metricsExit conditions (profit target hit, max trades reached, or manual stop)9. Shutdown and cleanupPurpose: Safely terminate the bot and finalize operations.Components:Close open WebSocket connectionsFinalize pending transactionsSave trade log and performance summaryRelease resources (e.g., memory, wallet connections)NotesThis framework assumes integration with Solana’s ecosystem (e.g., using a DEX or liquidity pool). Adjust the execution module if targeting a centralized exchange.Volatility analysis and signal generation are left as placeholders for customization (e.g., technical indicators or machine learning models).Risk management is strict to align with the $50 profit goal and $20 max loss per trade, ensuring the bot operates within defined boundaries.Caution! The above is a tailored outline shaped by the user’s prompt, targeting one-minute price fluctuations, risk management and trade execution. Its output varies with prompt detail, as specificity sharpens results. Moreover, placeholders like volatility analysis await user customization, reflecting Grok 3’s adaptive learning. It’s a conceptual guide, not code, and success hinges on implementation and market conditions. For deeper refinement, such as Solana-specific tweaks, users can provide more context. Grok 3 adjusts using their input and its latest insights.Let’s learn the general steps required to set up Grok 3 for automated crypto trading.How to set up Grok 3 for automated crypto tradingSetting up Grok 3 for AI-powered crypto trading automation isn’t as straightforward as installing a typical trading bot. Since Grok 3 wasn’t built for direct trading, it requires thoughtful setup, integration and customization. Below is a practical guide to setting up Grok 3 effectively for automated crypto trading with AI (artificial intelligence).Step 1: Choosing a compatible trading platformSince Grok 3 doesn’t connect directly to crypto exchanges, it requires integration with third-party platforms that support API automation. Platforms like:3Commas: Ideal for executing trades via automated strategies.TradingView: Used for generating trade signals using Pine Script.CryptoHopper: Offers custom strategy-building tools with API integration.Ensure that the chosen platform offers robust API support for managing trade execution, setting risk controls and tracking performance.Step 2: Integrating Grok 3 with the trading platformGrok 3 doesn’t connect directly to crypto exchanges; integration requires creative workarounds:API integration via automation tools: Platforms like Zapier or Make.com can connect Grok 3’s analysis to trading platforms.Custom Python scripts: For tech-savvy traders, Grok 3's insights can be processed through Python scripts that execute trades based on Grok 3’s recommendations.No-code automation tools: Services like IFTTT can trigger basic trading actions based on Grok 3’s sentiment analysis.Step 3: Defining trading strategies with Grok 3Grok 3’s success hinges on well-defined strategies. Unlike traditional bots that rely solely on technical signals, Grok 3 crypto trading bot can combine multiple factors, including:Technical indicators: RSI, MACD, Bollinger Bands, etc.Sentiment analysis: Social media trends, influencer opinions and news headlinesOnchain data: Whale activity, exchange inflows/outflows and large wallet movement.Step 4: Backtesting strategies before live tradingBefore deploying Grok 3’s strategy in live markets, backtesting is essential to evaluate its performance. Backtesting can reveal:Accuracy of trade signals: Identify how often Grok 3’s suggested trades align with profitable outcomes.False signal detection: Ensure Grok 3 isn’t generating excessive buy/sell recommendations in volatile or stagnant marketsRefinement opportunities: Fine-tune conditions such as RSI thresholds, sentiment scores or trade exit conditionsExamples of tools for backtesting include TradingView and CryptoQuant.Step 5: Implementing risk management controlsEven with solid insights, crypto markets are unpredictable. Adding risk controls minimizes potential losses:Stop-loss orders: Automatically exits trades if prices move beyond a set threshold.Position limits: Restricts trade size to reduce exposure in uncertain markets.Trailing stops: Locks in profits during upward trends while minimizing downside risk.Example of risk control prompt: “Write a code to handle buying and selling a token with the given parameters, including priority fees, slippage, and a take-profit mechanism.”Please note that the output shown above is not complete and is provided for illustration purposes only.Step 6: Ongoing monitoring and strategy refinementGrok 3’s strength lies in its adaptability, but it requires ongoing monitoring to ensure optimal results. Regularly review:Performance data: Assess win rates, profit margins and signal accuracy.Market conditions: Adjust strategy if major shifts (e.g., regulatory changes or macroeconomic factors) impact sentiment or momentum.Pro tip: Revisiting Grok 3’s prompts regularly can refine strategy outcomes and improve long-term performance.Limitations of Grok 3Despite its strengths, Grok 3 has limitations that traders must consider. Data loss: Crypto trading thrives on accurate and real-time data. However, crypto trading automation with Grok 3 has been reported to lose chunks of data, miscount words and provide incorrect time references, which can be detrimental in a fast-moving market and result in inaccurate signal detection, delayed responses to market events and flawed strategy execution.No direct exchange integration: Unlike purpose-built trading bots, Grok 3 doesn’t connect directly to crypto exchanges. Traders must rely on third-party platforms to execute trades.Forgetfulness: One of the biggest frustrations highlighted by some users is Grok 3’s “retrograde amnesia,” when it forgets everything from previous sessions. For crypto traders, this is a nightmare. Imagine building a trading strategy and needing Grok 3 to remember past trends and conversations, only for it to start fresh each session.Bias: Grok 3 may deliver biased responses, potentially relying on incomplete or skewed sources. For traders who depend on unbiased sentiment analysis to gauge market mood, this shift could lead to misleading insights and poor decision-making.Slower execution speed: Since Grok 3 processes information based on detailed prompts, its trade signals may lag behind fast-moving price changes.Prompt dependence: Grok 3’s accuracy depends heavily on well-structured prompts. Vague or incomplete instructions often produce unreliable results.While Grok-3 and other AI systems offer powerful tools for automating crypto trades, caution is essential. Their performance depends heavily on the quality of data and the strategies they’re programmed with, meaning unexpected market shifts or flawed inputs can lead to significant losses. Remember, AI lacks human intuition and may struggle with unprecedented events, so relying solely on it without oversight is risky. Always test strategies with small amounts first and get help from experts before making large investments.
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Nearly 400,000 FTX users risk losing $2.5 billion in repayments
by Cointelegraph by Zoltan Vardai on April 6, 2025 at 10:31 am
Nearly 400,000 creditors of the bankrupt cryptocurrency exchange FTX risk missing out on $2.5 billion in repayments after failing to begin the mandatory Know Your Customer (KYC) verification process.Roughly 392,000 FTX creditors have failed to complete or at least take the first steps of the mandatory Know Your Customer verification, according to an April 2 court filing in the US Bankruptcy Court for the District of Delaware.FTX users originally had until March 3 to begin the verification process to collect their claims.“If a holder of a claim listed on Schedule 1 attached thereto did not commence the KYC submission process with respect to such claim on or prior to March 3, 2025, at 4:00 pm (ET) (the “KYC Commencing Deadline”), 2 such claim shall be disallowed and expunged in its entirety,” the filing states.FTX court filing. Source: Bloomberglaw.comThe KYC deadline has been extended to June 1, 2025, giving users another chance to verify their identity and claim eligibility. Those who fail to meet the new deadline may have their claims permanently disqualified.According to the court documents, claims under $50,000 could account for roughly $655 million in disallowed repayments, while claims over $50,000 could amount to $1.9 billion — bringing the total at-risk funds to more than $2.5 billion.FTX court filing, estimated claims. Source: SunilThe next round of FTX creditor repayments is set for May 30, 2025, with over $11 billion expected to be repaid to creditors with claims of over $50,000.Under FTX’s recovery plan, 98% of creditors are expected to receive at least 118% of their original claim value in cash.Related: FTX liquidated $1.5B in 3AC assets 2 weeks before hedge fund’s collapseHow FTX users can complete KYCMany FTX users have reported problems with the KYC process.However, users who were unable to submit their KYC documentation can resubmit their application and restart the verification process, according to an April 5 X post from Sunil, FTX creditor and Customer Ad-Hoc Committee member.FTX KYC portal. Source: SunilImpacted users should email FTX support (support@ftx.com) to receive a ticket number, then log in to the support portal, create an account, and re-upload the necessary KYC documents.Related: Crypto trader turns $2K PEPE into $43M, sells for $10M profitFTX’s Bahamian subsidiary, FTX Digital Markets, processed the first round of repayments in February, distributing $1.2 billion to creditors.The crypto industry is still recovering from the collapse of FTX and more than 130 subsidiaries launched a series of insolvencies that led to the industry’s longest-ever crypto winter, which saw Bitcoin’s (BTC) price bottom out at around $16,000.While not a “market-moving catalyst” in itself, the beginning of the FTX repayments is a positive sign for the maturation of the crypto industry, which may see a “significant portion” reinvested into cryptocurrencies, Alvin Kan, chief operating officer at Bitget Wallet, told Cointelegraph.Magazine: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set
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Fifth Sunday of Lent
by Menagerie on April 6, 2025 at 8:00 am
John 8:1-11 Jesus went to the Mount of Olives. But early in the morning he arrived again in the temple area, and all the people started coming to him, and he sat down and taught them. Then the scribes and the Pharisees brought a woman who had been caught in adultery and made her stand The post Fifth Sunday of Lent appeared first on The Last Refuge.
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Billionaire investor would ‘not be surprised’ if Trump postpones tariffs
by Cointelegraph by Ciaran Lyons on April 6, 2025 at 5:44 am
Crypto-friendly billionaire investor Bill Ackman is considering the possibility that US President Donald Trump may pause the implementation of his controversial proposed tariffs on April 7.“One would have to imagine that President Donald Trump's phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect,” Ackman, founder of Pershing Square Capital Management, said in an April 5 X post.Trump may postpone tariffs to make more deals, says Ackman“I would, therefore, not be surprised to wake up Monday with an announcement from the President that he was postponing the implementation of the tariffs to give him time to make deals,” Ackman added.On April 2, Trump signed an executive order establishing a 10% baseline tariff on all imports from all countries, which took effect on April 5. Harsher reciprocal tariffs on trading partners with which the US has the largest trade deficits are scheduled to kick in on April 9.Ackman — who famously said “crypto is here to stay” after the FTX collapse in November 2022 — said Trump captured the attention of the world and US trading partners, backing the tariffs as necessary after what he called an “unfair tariff regime” that hurt US workers and economy “over many decades.” Following Trump’s announcement on April 2, the US stock market shed more value during the April 4 trading session than the entire crypto market is currently worth. The fact that crypto held up better than the US stock market caught the attention of both crypto industry supporters and skeptics.Source: Cameron WinklevossProminent crypto voices such as BitMEX co-founder Arthur Hayes and Gemini co-founder Cameron Winklevoss also recently showed their support for Trump's tariffs.Related: Trump tariffs squeeze already struggling Bitcoin miners — Braiins execAckman said a pause would be a logical move by Trump — not just to allow time for closing potential deals but also to give companies of all sizes "time to prepare for changes." He added:"The risk of not doing so is that the massive increase in uncertainty drives the economy into a recession, potentially a severe one."Ackman said April 7 will be “one of the more interesting days” in US economic history.Magazine: New 'MemeStrategy' Bitcoin firm by 9GAG, jailed CEO's $3.5M bonus: Asia Express
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April 6th – 2025 Presidential Politics – Trump Administration Day 77
by Sundance on April 6, 2025 at 4:20 am
In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency. This thread will refresh daily and appear above the Open Discussion Thread. Posted in The post April 6th – 2025 Presidential Politics – Trump Administration Day 77 appeared first on The Last Refuge.
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Sunday April 6th – Open Thread
by Sundance on April 6, 2025 at 4:15 am
Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL. The post Sunday April 6th – Open Thread appeared first on The Last Refuge.
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Meta's Llama 4 puts US back in lead to ‘win the AI race’ — David Sacks
by Cointelegraph by Ciaran Lyons on April 6, 2025 at 3:20 am
The White House AI and crypto czar David Sacks says Meta’s release of its latest AI model, Llama 4, has pushed the United States into the lead in the global artificial intelligence race.“For the US to win the AI race, we have to win in open source too, and Llama 4 puts us back in the lead,” Sacks said in an April 5 X post, as speculation continues to mount over the US and China competing for the top spot in the global AI race. Sacks has been vocal about the AI race since taking on his role following US President Donald Trump’s inauguration on Jan. 20. Just over a week into the job, Sacks said he is “confident in the US, but we can’t be complacent.”Llama 4 “best in their class for multimodality,” says MetaSack’s latest comment came after Meta’s AI division said in an X post on the same day that it is introducing the fourth generation of its Llama models, Llama 4 Scout and Llama 4 Maverick.Source: David Sacks“Our most advanced models yet and the best in their class for multimodality,” Meta said.Meta said its Llama 4 Scout model has 17 billion active parameters and uses 16 experts. The company claims it outperforms rival large language models — Gemma 3, Gemini 2.0 Flash-lite, and Mistral 3.1 — “across a broad range of widely accepted benchmarks.” Meanwhile, Llama 4 Maverick also has 17 billion active parameters but is configured with 128 experts. Meta claimed the Maverick model can outperform GPT-4o and Gemini 2.0 Flash “across a broad range of widely accepted benchmarks.” Llama 4 Maverick instruction-tuned benchmarks. Source: MetaIt also said Maverick can perform similarly to DeepSeek v3 on “reasoning and coding tasks” despite using only half the active parameters.Related: NFT marketplace X2Y2 shuts down after 3 years, pivots to AILess than a year ago, in July 2024, Meta CEO Mark Zuckerberg said that in 2025, he expects Llama models to become “the most advanced in the industry.” It has been just over two years since Meta first released the limited version of Llama 1 in February 2023. At the time, Meta said it was “blown away” by the demand, receiving over 100,000 requests for access. Magazine: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set
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Rick Santelli Blasts CNBC Panel for Gaslighting Audience About Trump Tariffs
by Sundance on April 5, 2025 at 10:00 pm
Rick Santelli has been known to call the baby ugly when needed. During an epic panel discussion around the motives and intentions of President Trump’s trade reset, Santelli gets passionate when describing the valid reasons for Trump’s tariffs. The CNBC panel, mainly Steve Liesman, tries to downplay decades of the working-class being diminished by economic The post Rick Santelli Blasts CNBC Panel for Gaslighting Audience About Trump Tariffs appeared first on The Last Refuge.
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Kalshi traders place the odds of US recession in 2025 at over 61%
by Cointelegraph by Vince Quill on April 5, 2025 at 9:45 pm
Traders on the Kalshi prediction market place the odds of a US recession in 2025 at 61%, following the sweeping tariff order signed by President Donald Trump on April 2.Kalshi uses the standard criteria of a recession, two business quarters of negative gross domestic product (GDP) growth, as reported by the United States Department of Commerce.Odds of a US recession on the prediction platform have nearly doubled since March 20 and mirror the current 2025 US recession odds on Polymarket, which traders on the platform currently place at 60%.The macroeconomic outlook for 2025 deteriorated rapidly following US President Donald Trump's sweeping tariff order and the ensuing sell-off in capital markets, sparking fears of a prolonged bear market.Odds of US recession in 2025 top 60% on the Kalshi prediction market. Source: KalshiRelated: Bitcoin bulls defend $80K support as ‘World War 3 of trade wars’ crushes US stocksTrump’s executive order throws markets in disarrayThe US President's executive order established a 10% baseline tariff rate for all countries and different "reciprocal" tariff rates on trading partners with existing tariffs on US import goods.Trump's announcement triggered an immediate stock market sell-off, wiping away over $5 trillion in shareholder value in a matter of days.Fears of a recession continue to grow as market analysts warn of a potentially protracted trade war that negatively impacts global markets and suppresses risk asset prices, including cryptocurrencies.Meanwhile, President Trump has expressed confidence that the tariffs will strengthen the US economy long-term and correct any trade imbalances.“The markets are going to boom,” the President said on April 3, describing the current market sell-off as an expected part of the process.The stock market sell-off continues as stocks shed trillions in shareholder value. Source: TradingViewAsset manager Anthony Pompliano recently speculated that President Trump deliberately crashed markets to bring down interest rates.Pompliano cited the reduction in 10-year US Treasury bonds as evidence that the President's strategy of forcing a recession to impact rates is working.Interest rates on 10-year US Treasury bonds declined from approximately 4.66% in January 2025 to just 4.00% on April 5. President Trump is also pressuring Federal Reserve Chair Jerome Powell to lower short-term interest rates."This would be a perfect time for Fed chairman Jerome Powell to cut interest rates," Trump wrote in an April 4 Truth Social post.Magazine: Financial nihilism in crypto is over — It’s time to dream big again
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Solana TVL hits new high in SOL terms, DEX volumes show strength — Will SOL price react?
by Cointelegraph by Marcel Pechman on April 5, 2025 at 6:05 pm
Solana’s native token SOL (SOL) dropped by 9% between March 28 and April 4, but several key metrics grew during the same period. Despite SOL’s price downturn, the Solana network continues to outpace competitors, maintaining its second-place position in deposits and trading volume. Traders now wonder how long it will take for SOL’s price to reflect this onchain strength.Solana outperforms rivals in TVL deposits and DEX volumesInvestor’s declining interest in SOL could be linked to the April 4 staking unlock of 1.79 million SOL, worth over $200 million. The selling pressure is clear, as these tokens were staked in April 2021, when SOL traded near $23. Another factor is the decline in interest for memecoins, which had been a major driver of new user adoption on Solana. With fewer speculative inflows, growth in activity may not translate to immediate price gains.Several meme-themed cryptocurrencies, including WIF, PENGU, POPCAT, AI16Z, BOME, and ACT, saw declines of 20% or more over the past seven days. Yet, despite worsening market conditions, the Solana network outperformed some competitors. Its total value locked (TVL) rose to the highest level since June 2022, while decentralized exchange (DEX) volumes showed notable resilience.Solana Total Vale Locked (TVL), SOL. Source: DefiLlamaDeposits in Solana network’s DApps rose to 53.8 million SOL on April 2, marking a 14% increase from the previous month. In US dollar terms, the $6.5 billion total stands $780 million ahead of its closest competitor, BNB Chain. Solana’s top DApps by TVL include Jito (liquid staking), Jupiter (leading DEX), and Kamino (lending and liquidity platform).Solana gains support for scalability and Web3 focus despite MEV concernsWhile not yet a direct threat to Ethereum’s $50 billion TVL, Solana’s onchain data shows greater resilience compared to BNB Chain, Tron, and Ethereum layer-2 networks like Base and Arbitrum. In decentralized exchange (DEX) volumes, Solana holds a 24% market share, while BNB Chain accounts for 12% and Base captures 10%, according to data from DefiLlama.DEX volumes monthly market share. Source: DefiLlamaWhile Ethereum has regained the lead in DEX volumes, Solana has shown strong resilience following the memecoin bubble burst. For context, Raydium’s weekly volumes dropped 95% from the $42.9 billion all-time high reached in mid-January. Still, Solana has demonstrated that traders appreciate its focus on base layer scalability and integrated Web3 user experience despite ongoing criticism related to maximum extractable value (MEV).Source: Cbb0feIn short, MEV occurs when validators reorder transactions for profit. This practice is not unique to Solana, but some market participants—such as user Cbb0fe, a self-proclaimed decentralized finance (DeFi) liquidity provider—have raised concerns about insider gatekeeping. While not stated directly, the criticism likely refers to incentives provided by Solana Labs to offset the high investment and maintenance costs required by certain validators.Supporters of changing Solana’s token emissions argue that rewards earned through MEV already provide sufficient incentives for validators to secure the network, eliminating the need for further inflationary pressure on SOL. Meanwhile, Loring Harkness, a core contributor to Shutter Network, advocates for encrypting transactions before they enter the mempool as a way to prevent validators from manipulating their order.Solana’s growth in TVL and resilience in DEX market share may not be enough for SOL to retest the $200 level seen in mid-February. However, it has firmly secured its second-place position behind Ethereum as a leading platform for decentralized applications, supported by consistent activity, infrastructure development, and growing interest from both developers and users.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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Stephen Miller, Rebalancing Global Trade is a “Matter of National Survival”
by Sundance on April 5, 2025 at 5:37 pm
White House deputy chief of staff for policy Stephen Miller appears on Fox News to discuss the importance of the tariff policy and reestablishing American industry via the global trade reset. Miller outlines the U.S market reaction to President Donald Trump’s tariffs and China’s 34% countervailing tariff response on U.S. products. As Miller notes, the The post Stephen Miller, Rebalancing Global Trade is a “Matter of National Survival” appeared first on The Last Refuge.
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XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline
by Cointelegraph by Yashu Gola on April 5, 2025 at 5:04 pm
XRP (XRP) price has plunged more than 35% since reaching a multi-year high of $3.40 in January — and the downtrend may deepen in April as new bearish signals emerge. Let’s examine these catalysts in detail.XRP nears a classic technical breakdown XRP's recent price action is flashing a classic bearish reversal signal dubbed “inverse cup and handle formation.”The inverse cup and handle is a bearish chart pattern that signals fading buyer momentum after an uptrend. It resembles an upside-down teacup, with the “cup” marking a rounded decline and the “handle” forming after a brief consolidation. Inverse cup-and-handle pattern illustrated. Source: 5PaisaA break below the handle’s support typically confirms the pattern, often leading to a drop equal to the cup’s height.In XRP’s case, the rounded “cup” topped around March 19 and completed its curved decline by the end of the month. The ongoing sideways price movement between $2.05 and $2.20 forms the “handle.”XRP/USD four-hour price chart. Source: TradingViewA breakdown below this horizontal consolidation range could validate the bearish structure, opening the door for a potential move toward the $1.58 support area — as suggested by the measured move projection shown on the chart above.In other words, XRP can decline by over 25% in April if the inverse cup and handle setup plays out as intended.Source: Peter BrandtAdding to the sell-off risk is data from the volume profile visible range (VPVR) indicator, which shows the point of control (POC) around $2.10–$2.20 — a key support zone. A breakdown below this high-volume area could trigger a sharper drop, as lower volume levels below have offered little historical support in recent history.XRP/USD four-hour price chart. Source: TradingViewConversely, a strong close above the 50-period 4-hour EMA (red line) near $2.14 could invalidate the inverse cup-and-handle pattern. Such a breakout may shift momentum in favor of the bulls, potentially paving the way for a rally toward the 200-period 4-hour EMA (blue line) around $2.28.Related: Investor demand for XRP falls as the bull market stalls — Will traders defend the $2 support?XRP whale flow point to more sell pressureAs of April 5, CryptoQuant’s 90-day moving average whale flow chart was showing sustained net outflows from XRP’s largest holders since late 2024. XRP whale flow 90-day moving average. Source: CryptoQuantDuring XRP’s sharp price boom in Q4 2024, whale activity flipped deeply negative, indicating large entities were distributing into strength and selling the local tops. The trend has continued into 2025, with the total whale flow remaining firmly below zero. This divergence between rising prices and declining whale support suggests weakening institutional conviction and raises concerns over XRP’s near-term price stability unless accumulation resumes.US President Donald Trump’s global tariffs and the Federal Reserve’s slightly hawkish response to them have furthered dampened risk sentiment, which may weigh XRP and the broader crypto market down in the coming quarters. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Mixed-martial arts champion Conor McGregor launches memecoin
by Cointelegraph by Vince Quill on April 5, 2025 at 4:06 pm
Mixed-martial arts (MMA) champion Conor McGregor launched a memecoin called “REAL” on April 5, which will reportedly feature staking rewards and voting rights for tokenholders.Spokespeople for the project told Cointelegraph that the token was launched through a sealed-bid auction to eliminate snipers and bots hijacking the token launch. The project was developed in collaboration with the Real World Gaming decentralized autonomous organization (DAO).REAL token initial allocation breakdown. Source: Real World Gaming DAOThe auction will take place from April 5-6. In a statement shared with Cointelegraph, McGregor touted the launch as a fair memecoin offering:"This is not some celebrity-endorsed bullshit token, it is a REAL game changer that will change the crypto ecosystem as well as make REAL change in the world. The sealed-bid auction is the new way of launching a token to prevent rug pulls and snipers."This is about transparency — we are showing the world how it is done with integrity,” McGregor continued.Source: Conor McGregorThe memecoin narrative peaked following the launch of the TRUMP memecoin by US President Donald Trump. However, savvy traders continue hunting memecoins, keeping the market alive.Related: Ghibli memecoins surge as internet flooded with Studio Ghibli-style AI imagesMeme “supercycle” dead but savvy traders still in the gameNansen research analyst Nicolai Sondergaard recently told Cointelegraph’s Chainreaction that "smart money" traders are still scouring for memecoin trades but are just as likely to rapidly exit those positions for quick gains.Sondergaard attributed the recent activity in the memecoin market to savvy traders making a "fun play" while waiting for the macroeconomic outlook to settle and for markets to shake out.US President Donald Trump's trade tariffs and the counter-tariff responses from trading partners create a difficult environment for risk-on assets as investors flee riskier asset classes for safe havens.Following the sweeping tariff order, US stocks shed $5 trillion in value. The catastrophic stock market loss within a single day totaled more than the total market capitalization of crypto.The price of Bitcoin remains firm and rangebound compared to the total crypto market cap shown in blue. Source: TradingViewAs fears of a prolonged global trade war spread and market analysts warn of a potential recession, the price of Bitcoin continues to remain anchored above the $80,000 level.Bitcoin's resilience during the current market downturn suggests that more investors are beginning to see the digital asset as a store of value as opposed to a risk-on asset.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Magazine: Memecoins: Betrayal of crypto’s ideals… or its true purpose?
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Utility, volatility and longevity: Looking beyond the hype
by Cointelegraph by James Newman on April 5, 2025 at 3:00 pm
Opinion by: James Newman, chief corporate affairs officer at ChilizThe perception of blockchain, especially for those outside the industry, has often been driven primarily by stories of extreme volatility, bad actors and speculation. In past months, the industry has been dominated by the narratives around the rise and subsequent fall of memecoins like HAWK, Fartcoin and LIBRA. Rewind to 2021, and lacking a genuine use case, the massive hype around non-fungible tokens (NFTs) failed to translate to long-term success, with the average NFT project today having a lifespan 2.5 times shorter than the average crypto project. For many, however, the appeal of these assets lies in their volatility, turning a few dollars into a fortune overnight. While NFTs and memecoins are undeniably part of Web3 culture, what sustains projects, keeps users engaged, and drives the industry forward is not volatility but providing genuine solutions to real-world problems. Ultimately, it’s about utility. Utility drives stability Many blockchain projects fail because they are solutions searching for a problem rather than solving an existing one. Assets that offer no utility at all are unlikely to be more than a flash-in-the-pan moment of volatile speculation. While digital assets continue pushing technological innovation’s boundaries, human needs for utility and tangible value remain constant. Moreover, a digital asset’s utility promotes stability by shifting focus away from short-term speculation to meaningful engagement. When assessing the stability of a digital asset, its longevity is far more telling than short-term price swings. Volatility is inherent in crypto, but the accurate measure of resilience is whether a project can endure across market cycles. Fan tokens have demonstrated this stability, whereas NFTs — despite their initial boom — have struggled mainly to maintain long-term value beyond speculative hype. While memecoins certainly generate hype, their longevity is fleeting. 97% of memecoins launched in 2024 have already failed. There are exceptions, of course, but the overwhelming majority don’t stand the test of time.In contrast, sports clubs have been issuing fan tokens since 2018, weathering both bull and bear markets. Their resilience comes from utility — fan tokens continuously evolve to reimagine fan engagement, bringing fans and clubs closer together. Solve problems, create value, establish longevity The connection between utility and stability is clear. Digital assets that solve real-world problems foster sustainable adoption. Instead of attracting speculators hoping for quick profits, utility-driven assets bring in users with a genuine need for or interest in the project.The rise of stablecoins underscores the importance of utility. Recent: Fan tokens offer stability — NFTs have notOver the past six months, stablecoin market capitalization has grown from $160 billion to $230 billion. According to DeSpread Research, in 2021, there were 27 stablecoins. By July 2024, there were 182, representing a 574% growth rate over three years. The reason? Stablecoins provide users real utility, whether you’re a small business owner looking to transact across borders or a developer looking for liquidity for your decentralized finance (DeFi) protocol.Another indicator of an asset’s utility is institutional adoption. To put it bluntly, BlackRock invests in Bitcoin (BTC). It offers BTC exchange-traded funds (ETFs) — not Fartcoin — because institutions prioritize assets with a proven track record of creating tangible value for their customers over short-lived, hype-filled speculation.For sports fans, emotional connections to their teams run deep — even if they’ve never set foot in their team’s stadium. Fan tokens fill this gap and tap into this emotional connection by offering more ways for fans to engage with their teams through direct participation and rewards — no matter where they are in the world. Whether voting on team decisions, accessing exclusive deals, staking fan tokens for additional perks or simply owning a piece of their team’s digital identity, fan tokens provide utility through their lifecycle. The future of digital assetsTo bring it full circle, Satoshi Nakamoto’s original vision for Bitcoin was to solve a problem: an unfair financial system. 16 years later, despite the many applications of blockchain technology, this remains the reality of the asset.The future of digital assets will be defined by their ability to solve real-world problems, which is recognized by the clubs themselves. This is why they don’t just issue fan tokens — they actively grant their IP rights to strengthen trust and credibility in the asset. When some of the world’s most iconic sports brands embrace blockchain technology this way, it’s a clear signal that the next era of fan engagement isn’t on the horizon — it’s already here. And we’re only just getting started.Beyond fan tokens, blockchain is transforming the sports industry across multiple dimensions, with each use case becoming increasingly interconnected. Take Tether’s recent investment in Juventus. The surge in the price of Juventus’ fan token underscores how deeply blockchain and crypto intersect across investment, sponsorship and fan engagement. With crypto sponsorships in sports surging in 2024, this convergence will only accelerate as clubs, leagues and brands explore new ways to harness Web3 technology — creating richer, more interactive fan experiences while unlocking new revenue streams.Opinion by: James Newman, chief corporate affairs officer at Chiliz.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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No country wins a global trade war, BTC to surge as a result: Analyst
by Cointelegraph by Vince Quill on April 5, 2025 at 2:58 pm
US President Donald Trump's trade policies will create worldwide macroeconomic turmoil and short-term financial crises that will ultimately lead to greater adoption of Bitcoin (BTC) as a store of value asset, according to Bitwise analyst Jeff Park.Economic instability from the trade war will cause governments to adopt inflationary fiscal and monetary policies, which will further debase currencies and lead to a worldwide flight to safety in alternative stores of value, like Bitcoin, Park argued. This increased demand for BTC will drive prices much higher in the long term, the analyst concluded. In an X post on Feb. 2, Park predicted the immediate impact of a trade war:"The tariff costs, most likely through higher inflation, will be shared by both the US and trading partners, but the relative impact will be much heavier on foreigners. These countries will then have to find a way to fend off their weak growth issues."Despite the Increased demand for Bitcoin as a store of value against rapidly depreciating fiat currencies driving BTC prices higher in the long term, global financial markets would feel the short-term pain and wealth destruction of the trade war, according to Park.Bitcoin hit with short-term price shock due to COVID-19 in March 2020 before rallying to all-time highs during the 2020-2021 bull market. Source: TradingViewRelated: Trump 'Liberation Day' tariffs create chaos in markets, recession concernsGlobal markets feeling the short-term shockTariffs are "stagflationary for the world as a whole," economist and hedge fund manager Ray Dalio wrote in an April 2 X post. Tariffs tend to be more deflationary for the levied goods producers and more inflationary for the importing country, Dalio added.He concluded that the level of debt and trade imbalances will ultimately lead to a global financial shift that changes the established monetary order.The US stock market experienced a dramatic sell-off in the wake of sweeping trade tariffs from the Trump admin. Source: TradingView"If these trade tariffs do lead to a massive trade war, it is going to be very ugly for the whole world," Coin Bureau founder and market analyst Nic Puckrin told Cointelegraph in an interview.The analyst said the US economy has a 40% chance of a recession in 2025 amid fears of a lengthy trade war and the macroeconomic uncertainty brought on by protectionist trade policies.No pain, no gain: Short-term shock to drive asset prices higher long-term?Asset manager Anthony Pompliano recently speculated that the US president is deliberately crashing capital markets to force interest rate cuts and lower the costs of servicing the US national debt.Interest rate on the 10-year US Treasury Bond has come down since the start of Trump’s second term. Source: TradingViewThe interest rate on 10-year US Treasury bonds declined from approximately 4.66% in January to the current rate of 4.00%.Pompliano also concluded that while the current US administration's policies will create short-term pain, the effect of lower interest rates will encourage borrowing and drive risk-on asset prices higher in the long term.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Magazine: Bitcoin dominance will fall in 2025: Benjamin Cowen, X Hall of Flame
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This Week in the New Normal #99
by Kit Knightly on April 6, 2025 at 2:30 pm
Our successor to This Week in the Guardian, This Week in the New Normal is our weekly chart of the progress of autocracy, authoritarianism and economic restructuring around the world. 1. WEF’s Klaus Raus Klaus Schwab, founder and leader of the World Economic Forum, is “beginning the process” of stepping down from his duties as …
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Lethal Injection, Electric Chair, or Firing Squad? An Inhumane Decision for Death Row Prisoners
by Jessica Washington on April 6, 2025 at 10:00 am
South Carolina resumed executions with the firing squad killing of Brad Sigmon last month. Mikal Madhi’s execution date is days away. The post Lethal Injection, Electric Chair, or Firing Squad? An Inhumane Decision for Death Row Prisoners appeared first on The Intercept.
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ChatGPT Saves the World
by Editor on April 5, 2025 at 2:00 pm
Oh my, what, me worry? What do any of us have to worry about? The world is on the brink of destruction, we may be entering WW 3 at any moment, the economy is collapsing with Evil Orange Man tariffs, the Evil KGB Man in Russia (aka Soviet Union) is about to invade Europe because …
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Small-Dollar Donors Are Asking John Fetterman for Their Money Back
by Akela Lacy on April 5, 2025 at 9:00 am
Amid a wellspring of discontent over the Pennsylvania senator’s coziness with Israel and Republicans, people are demanding campaign donation refunds. The post Small-Dollar Donors Are Asking John Fetterman for Their Money Back appeared first on The Intercept.
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…and here comes the Online Safety Act
by Kit Knightly on April 4, 2025 at 3:00 pm
The UK’s Online Safety Act officially came into force two weeks ago, and they have wasted no time using it. Alternative social media network Gab has already been threatened with a massive fine for its supposed failures to “police speech” on its platform. Anecdotes are piling up, small forums and communities blocking access from the …
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Trump’s Border Czar Faces Backlash in His Hometown for Locking Up a Local Family
by Noah Hurowitz on April 4, 2025 at 12:38 pm
Tom Homan is taking heat in Sackets Harbor, New York, after ICE agents detained a mom and her three children in a raid. The post Trump’s Border Czar Faces Backlash in His Hometown for Locking Up a Local Family appeared first on The Intercept.
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Unplugged: The Backlash Against Trump–Musk
by The Intercept Briefing on April 4, 2025 at 10:00 am
Grassroots revolt is taking shape across the country via elections, town halls, and Tesla protests. The post Unplugged: The Backlash Against Trump–Musk appeared first on The Intercept.
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Trying to Block Arms to Israel, Bernie Sanders Denounces AIPAC’s Massive Election Spending
by Matt Sledge on April 3, 2025 at 9:21 pm
Republicans need to worry about getting bullied by Elon Musk, and Democrats need to worry about AIPAC, Sanders said. The post Trying to Block Arms to Israel, Bernie Sanders Denounces AIPAC’s Massive Election Spending appeared first on The Intercept.
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Eight International Students at ASU Have Had Their Visas Revoked
by John Washington on April 3, 2025 at 9:06 pm
Amid a nationwide deportation crackdown, eight Arizona State University students may be forced to leave the U.S. The post Eight International Students at ASU Have Had Their Visas Revoked appeared first on The Intercept.
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This College Staffer Lost Her Job After Showing a Film Critical of Israel. Now She’s Suing Over...
by Natasha Lennard on April 3, 2025 at 8:34 pm
She lost her job at Emerson College after screening a film critical of Israel. Her lawsuit seeks to leverage an unusual Massachusetts free speech law. The post This College Staffer Lost Her Job After Showing a Film Critical of Israel. Now She’s Suing Over Free Speech. appeared first on The Intercept.
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WATCH: The Externalization of the Money Masters with Jacob Nordangård
by Editor on April 3, 2025 at 5:30 pm
Author and researcher Jacob Nordangård joins James to discuss his new article, “Externalization of the Money Masters,” which provides a very different take on the rise to power of Mark Carney. From Madame Blavatsky and theosophy to Alice Bailey and The Externalisation of the Hierarchy to Nordangård and Temple of Solomon, you won’t want to miss this fascinating exploration of …
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Police Across the Country Are on High Alert Over Tesla Protests
by Matt Sledge on April 3, 2025 at 4:01 pm
Intelligence reports warn law enforcement about “acts of violence against electric vehicles” and the danger of battery fires. The post Police Across the Country Are on High Alert Over Tesla Protests appeared first on The Intercept.
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DOGE’s Pentagon Budget Cuts Don’t Touch Elon Musk’s SpaceX
by Nick Turse on April 3, 2025 at 12:44 pm
Defense Secretary Pete Hegseth boasts he’s nixing contracts and grants amid DOGE’s cost-cutting campaign. But those trims won’t hit SpaceX. The post DOGE’s Pentagon Budget Cuts Don’t Touch Elon Musk’s SpaceX appeared first on The Intercept.
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Google Is Helping the Trump Administration Deploy AI Along the Mexican Border
by Sam Biddle on April 3, 2025 at 10:00 am
Google is part of a Customs and Border Protection plan to use machine learning for surveillance, documents reviewed by The Intercept reveal. The post Google Is Helping the Trump Administration Deploy AI Along the Mexican Border appeared first on The Intercept.
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Pro-Israel Group That Attacked UPenn Was Funded by Family of UPenn Trustee
by Eli Clifton on April 2, 2025 at 9:23 pm
The University of Pennsylvania has been a target of Canary Mission, a pro-Israel “blacklist” group. Turns out the call was coming from inside the house. The post Pro-Israel Group That Attacked UPenn Was Funded by Family of UPenn Trustee appeared first on The Intercept.
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Trump Just Pardoned ... a Corporation?
by Matt Sledge on April 2, 2025 at 12:21 pm
In what may be an American first, President Donald Trump pardoned a company sentenced to $100 million in fines for breaking money laundering laws. The post Trump Just Pardoned … a Corporation? appeared first on The Intercept.
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This Is Not About Antisemitism, Palestine, or Columbia. It’s Trump Dismantling the American Dream.
by Allie Wong on April 1, 2025 at 9:02 pm
I accompanied one of the students who fled Trump’s crackdown. It gave me clarity on what’s at stake. The post This Is Not About Antisemitism, Palestine, or Columbia. It’s Trump Dismantling the American Dream. appeared first on The Intercept.
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How “Adolescence” offers us a peek inside the machine
by Kit Knightly on April 1, 2025 at 7:00 pm
I wrote about Adolescence – or rather the (manufactured) hype surrounding it – last week. I thought at the time I’d said all that needed to be said. It is just some Netflix show, after all. But then the hype keeps going, and the messaging piles up, and you realize it’s actually a really neat …
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This Week in the New Normal #98
by Kit Knightly on April 1, 2025 at 12:20 am
Our successor to This Week in the Guardian, This Week in the New Normal is our weekly chart of the progress of autocracy, authoritarianism and economic restructuring around the world. 1. Facial Recognition in Supermarkets In the UK recently we’ve been hearing a lot about the plague of shoplifting. In January, the BBC reported that …
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Germany Turns to U.S. Playbook: Deportations Target Gaza War Protesters
by Hanno Hauenstein on March 31, 2025 at 10:55 pm
Objections from a top immigration official that none of the protesters were convicted of crimes were overruled amid political pressure. The post Germany Turns to U.S. Playbook: Deportations Target Gaza War Protesters appeared first on The Intercept.
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Making Our Rights Disappear: The Authoritarian War on Due Process
by Editor on March 31, 2025 at 4:30 pm
“If Trump can disappear them, he can disappear you. The Trump regime is already targeting immigrants who are here legally simply because they expressed opinions that Trump disagreed with. What makes you think he’ll stop there? With no court to verify anything the Trump regime alleges, you could be arrested and sent to a prison …
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The Arson Evidence Doesn’t Hold Up. Florida Is About to Convict Her for Murder Anyway.
by Liliana Segura on March 31, 2025 at 10:00 am
Florida prosecutors say Michelle Taylor used gasoline to set a fire that killed her son. Top forensic chemists say they’re wrong. The post The Arson Evidence Doesn’t Hold Up. Florida Is About to Convict Her for Murder Anyway. appeared first on The Intercept.
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Do You Think You’ll Ever Know, Now That You Have Handed Your Mind to the Machine?
by Editor on March 30, 2025 at 5:30 pm
We live in a 24/7 media society of the spectacle where brainwashing is cunning and relentless, and the consuming public is consumed with thoughts and perceptions filtered through electronic media according to the needs and lies of corporate state power. This propaganda comes in two forms: covert and overt. The latter, and most effective form, …
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GOP Leaders Said Don’t Do Town Halls. This Indiana Republican Did — and Got an Earful.
by Matt Sledge on March 30, 2025 at 3:49 pm
“Do your job!” the crowd chanted, urging Rep. Victoria Spartz, one of the most outspoken DOGE supporters, to rein in Elon Musk. The post GOP Leaders Said Don’t Do Town Halls. This Indiana Republican Did — and Got an Earful. appeared first on The Intercept.
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In Trump’s America, You Can Be Disappeared for Writing an Op-Ed
by Jonah Valdez on March 30, 2025 at 8:00 am
The Trump administration’s detention of Tufts student Rümeysa Öztürk rests on an opinion article she wrote in 2024, her lawyers said in a filing. The post In Trump’s America, You Can Be Disappeared for Writing an Op-Ed appeared first on The Intercept.
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Elbow Markcaroney
by Editor on March 30, 2025 at 7:30 am
What is it with these people charged with creating campaign slogans? They obviously reached the point of drunken desperation late into the wee hours to have come up with this latest one for Canada’s Mark Carney. I cringe to tell you but it is “Elbows up.” They had to have been completely past the point …
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Crossing the U.S. Border? Here’s How to Protect Yourself
by Nikita Mazurov on March 29, 2025 at 3:02 pm
Searches of phones and other electronics are on the rise for those entering the U.S. Take these steps to help secure your devices. The post Crossing the U.S. Border? Here’s How to Protect Yourself appeared first on The Intercept.
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ICE Got Warrants Under “False Pretenses,” Claims Columbia Student Targeted Over Gaza Protests
by Shawn Musgrave on March 28, 2025 at 5:13 pm
The law behind the warrants bars concealment of people in the country illegally, yet the students were legal residents living on campus. The post ICE Got Warrants Under “False Pretenses,” Claims Columbia Student Targeted Over Gaza Protests appeared first on The Intercept.
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Trump’s Pick for Israel Ambassador Leads Tours That Leave Out Palestinians — and Promote End of...
by Saqib Rahim on March 28, 2025 at 2:02 pm
Trump wants Gaza for real estate deals, but Mike Huckabee’s all-inclusive Israel tours erase Palestinians for a higher purpose. The post Trump’s Pick for Israel Ambassador Leads Tours That Leave Out Palestinians — and Promote End of Days Theology appeared first on The Intercept.
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Who Set Up The Hit?
by Michael Shrimpton on July 21, 2024 at 9:03 pm
It is now clear that Thomas Matthew Crooks was not acting alone last Saturday when he shot President Trump at the Butler Farm Show Grounds in Connoquonessing Township, Butler County PA. Since there are almost no lone gunmen that conclusion should not terribly surprising. It’s also clear that in a reprise of the assassination of
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Might The Polls Be Wrong?
by Michael Shrimpton on July 3, 2024 at 7:36 pm
Every poll published so far in the British General Election campaign has shown Labour well in the lead, with margins of between roughly 15 and 25 per cent over the hapless Tories. Some of these have been MRP mega-polls with over 20,000 people contacted. The Tories are in full retreat, restricting campaigning to seats with
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Why Is the African Dish, Shakshuka So Popular In Israel?
by Managing Editor on April 22, 2024 at 4:00 pm
Why Is the African Dish, Shakshuka So Popular In Israel? Shakshuka is an African-inspired dish with a rich history as it spread its influence to another country a long time ago, Israel. The Ottoman Empire and other North African nations enhanced the original influence of the traditional shakshuka recipe. North African Jewish immigrants that came
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Exploring Winning Betting Strategies In Blackjack
by Managing Editor on April 1, 2024 at 3:00 pm
Exploring Winning Betting Strategies In Blackjack In the exciting world of online casinos, few are as alluring and intriguing as blackjack. Known for its blend of skill and chance, this thrilling card game has enthralled players for centuries. While mastering the basic rules and strategies of blackjack is essential, understanding how to manage your bets
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How to Identify GI Bill Fraud
by Managing Editor on March 19, 2024 at 4:33 pm
How to Identify GI Bill Fraud The US government offers incentives and benefits for veterans who have served their country. Many of these benefits, including those under the Post-9/11 GI Bill, are tied to higher education and the costs associated with pursuing a degree. These benefits are designed to help veterans continue to advance
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Rumsfeld Shady Heritage in Pandemic: GILEAD’s Intrigues with WHO & Wuhan Lab. Bio-Weapons’...
by Fabio G. C. Carisio on March 11, 2024 at 8:21 am
«You will only observe with your eyes and see the punishment of the wicked. If you say, “The Lord is my refuge”, and you make the Most High your dwelling, no harm will overtake you, no disaster will come near your tent». (Holy Bible – Psalm 90) by Fabio Giuseppe Carlo Carisio UPDATE ON JULY,
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Age Old Battle Between Khazarian Mafia and True Christianity Crashing Into Finality
by Jonas E. Alexis, Senior Editor on March 10, 2024 at 9:03 am
According to unconfirmed reports, yesterday Israel sent troops into Ukraine to fight the Russians for Zelensky’s army; both soundly defeated in short order. This kind of action seems to be a hopeless endeavor as the Russian Federation’s apparent complete weapons superiority (so far) seems to assure RF victory in the Ukraine.
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Shipping to Poland from the US: Navigating Customs Clearance
by Managing Editor on February 5, 2024 at 5:21 pm
Shipping to Poland from the US: Navigating Customs Clearance A few key steps are crucial When ensuring your international shipment reaches Poland without a hitch. First, pack your items carefully and accurately label them with the recipient’s address. It’s also vital to verify that what you’re sending isn’t on the list of prohibited items. Completing
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Braving the Storm and Tackling Addiction in the Ranks of US Veterans
by Managing Editor on February 4, 2024 at 11:40 pm
The battle doesn’t always end when our soldiers return home. For many US veterans, the transition back to civilian life brings with it a new kind of warfare – one against addiction. This silent struggle often goes unnoticed, yet it is as real and challenging as any faced on the battlefield. In a society
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Navigating the Transition from Battlefield to Civilian Life for Our Homefront Heroes
by Managing Editor on February 4, 2024 at 11:28 pm
The return home for veterans, often portrayed as a hero’s welcome, is a journey of complexities and challenges. As they transition from the structured life of military service to the civilian world, veterans face myriad adjustments that can be both daunting and disorienting. This article delves into the realities of life for veterans returning