News

Crypto Markets Suffer $1T Hit as US Tariff War Escalates

Coins Legend April 7, 2025 0

Crypto markets are reeling as aggressive U.S. tariffs ignite global economic turmoil, triggering a $1 trillion wipeout and fueling extreme volatility, Binance Research finds. Binance Warns of Prolonged Crypto Volatility Amid US Tariff Shock Crypto exchange Binance published research on April 7

News

SEC Moves to Reshape Crypto Trading With April Roundtable

Coins Legend April 7, 2025 0

Crypto regulation is getting a reality check as the SEC sets the stage for a groundbreaking roundtable to shape the future of digital trading oversight. SEC Gears up to Hammer out Crypto Trading Rules in Upcoming Roundtable Event The U.S. Securities and Exchange Commission (SEC) announced on April 7 that its Crypto Task Force will […]

News

Jamie Dimon Warns of Inflation Shock and Recession Risk as Market Teeters on Collapse

Coins Legend April 7, 2025 0

As Wall Street is flashing red, JPMorgan CEO Jamie Dimon warns soaring inflation, spiraling tariffs, and shaken confidence signal a recession that could upend global markets. JPMorgan’s CEO Flags Recession Threat With Inflation Roaring and a Market Meltdown Near Jamie Dimon, the top executive at JPMorgan Chase, raised alarm Monday in his annual letter to […]

News

XRP Price Update: V-Shaped Recovery Sparks Market Buzz

Coins Legend April 7, 2025 0

XRP is trading at $1.90 with a market capitalization of $110 billion and a robust global trading volume of $13.96 billion over the past 24 hours. Its intraday price has ranged from $1.65 to $2.05, showcasing significant volatility and liquidity in today’s session. XRP On the 1-hour chart, XRP has shown signs of breaking from […]

News

Bitcoin Plummets Then Surges in Rollercoaster Trading Session

Coins Legend April 7, 2025 0

The dominant cryptocurrency tumbled all the way to $74K before reclaiming $78K around midday Monday. BTC Price Seesaws as Macro Uncertainty Intensifies President Donald Trump’s aggressive tariff policies continued to wreak havoc on markets, sending bitcoin to its lowest levels since early November 2024, although altcoins tumbled lower, giving BTC an edge in market

News

Strategy Reports $5.91B Unrealized Bitcoin Loss in Q1 2025

Coins Legend April 7, 2025 0

Strategy, the enterprise software firm formerly known as Microstrategy, disclosed $5.91 billion in unrealized losses on its bitcoin holdings for Q1 2025 under a new accounting rule requiring crypto assets to be marked to market. Strategy Posts Q1 Loss Strategy, rebranded from Microstrategy Incorporated, reported a $5.91 billion non-cash loss tied to its bitcoin ( […]

News

SEC Issues Clarified Stance on Stablecoin Regulation

Coins Legend April 7, 2025 0

The official “Statement on Stablecoins” was issued by the SEC’s Division of Corporation Finance on Friday as “part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets.” Regulatory Clarity: SEC Publishes Updated Stablecoin Standards The U.S. Securities and Exchange Commission (SEC) issued on Friday a landmark […]

News

Schiff Urges China to Crash Dollar, Buy Gold Amid Trade War

Coins Legend April 7, 2025 0

Peter Schiff has suggested that China resolve its trade deficit with the U.S. by dumping its U.S. Treasuries and dollars, then using the proceeds to buy gold to back a revalued yuan. Schiff: Dumping U.S. Debt Would Benefit Chinese Consumers Economist Peter Schiff has urged China to resolve its trade deficit with the United States […]

News

Bitcoin Headed Back to $10K? Bloomberg’s Mike McGlone Thinks So

Coins Legend April 7, 2025 0

Bloomberg Intelligence’s senior commodity strategist Mike McGlone casts a skeptical gaze on bitcoin and its digital counterparts, positing a potential retreat to $10,000 for the flagship cryptocurrency. Bloomberg Strategist Sees Crypto Wipeout Ahead In recent analyses shared via Bloomberg and the platform X, Mike McGlone has dissected crypto’s vulnerabilities amid

News

US Federal Reserve Announces Closed Board Meeting

Coins Legend April 7, 2025 0

The central bank indicated that the meeting will be held to discuss “discount rates to be charged by the Federal Reserve Banks.” Fed to Hold Private Meeting as Market Speculation Heats up The U.S. Federal Reserve quietly published a notification on its website showing it will hold a closed board meeting on Monday, April 7, […]