Author: John Smith

The US dollar index crashed to its lowest level since April 2022 as the trade war between China and the US escalated and jitters in the bond market continued. The DXY index, which tracks the greenback against a basket of developed-world currencies like the euro, sterling, and Japanese yen, dropped to $99—down 10% from its highest point this year. This crash came after China announced its retaliatory tariffs against the United States. All US goods entering the country will now face a universal 125% tariff. Beijing made this announcement after the US imposed a 145% levy on most Chinese goods.…

As Bitcoin falls and volatility spreads, Schiff sees the end. But with the S&P now mirroring BTC’s behavior, is Bitcoin really failing? Bitcoin “dies” again Peter Schiff has long been one of Bitcoin’s (BTC) most vocal critics. Over the years, he has maintained that the asset lacks intrinsic value, that its price is driven purely by speculation, and that it would collapse in the face of a real economic crisis.  Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.— Peter Schiff (@PeterSchiff) April 10, 2025 On Apr. 11, he reiterated…

Stellar may be gearing up for a breakout, as stablecoins, active addresses, and other metrics are on the rise. Stellar (XLM) is showing signs of strength, both in decentralized finance and in technicals. On Friday, April 11, the stablecoin market cap on the chain broke $300 million, reaching an all-time high of $3.6 million. At the same time, active addresses on the chain rose to 1.5 million according to Nansen, a 6.5-fold increase since April 7. Stellar stablecoin market cap | Source: DefiLlama This is happening as the token’s price nears key technical levels. On April 11, Stellar rose 5.33%…

Chiliz came to popularity as one of the pioneers of sports fan tokens that enabled fans to become a part of their favorite sports teams. The token has seen quite a few bull rallies but at the moment it is in a major downtrend. However, due to the mega utility of this token, investors are still hopeful for a rebound, will it though? Let’s find out in this CHZ price prediction. Currently ranked at the 168th position with a market cap of $375 million, Chiliz (CHZ) has dropped over 95% from the all-time high of $0.8915 reached in March 2021.…

DeFi protocol Morpho Labs has confirmed its frontend is secure after reverting a faulty update that had led to a $2.6 million exploit, which was intercepted by white hat MEV operator c0ffeebabe.eth. The exploit took place after a frontend update on Morpho Labs’ DeFi app Morpho Blue on April 10. The update was designed to improve transaction flow within the app. On April 11, blockchain security firm PeckShield reported that a vulnerability in the update allowed a hacker to exploit an address associated with the protocol, which could have resulted in a loss of $2.6 million. However, the malicious transaction…

Synthetix’s algorithmic stablecoin sUSD is continuing to drift from its $1 peg, currently trading at $0.90. The depeging began in March, with sUSD briefly slipping below $1, but the situation worsened after the implementation of SIP-420—a governance proposal aimed at improving capital efficiency and simplifying the user experience within the Synthetix (SNX) ecosystem. According to Parsec research, the implementation of SIP-420 has inadvertently caused a large increase in the supply of sUSD, which triggered the current depeg. Source: CoinMarketCap Specifically, SIP-420 introduced a protocol-owned staking pool, allowing SNX holders to delegate their staking to a shared pool rather than managing…

North Carolina lawmakers have proposed a bill that would allow citizens to use crypto assets to carry out economic transactions, including tax payments. In a bill filing sponsored by State Representative Neal Jackson, House Bill 920 aims to allow the use of crypto assets for tax payments as well as other economic transactions. If enacted into law, the bill would automatically become the North Carolina Digital Asset Freedom Act. “The General Assembly finds that digital assets, when properly regulated and aligned with principles of decentralization, security, and resilience, can be a valid and stable medium for economic exchange,” the bill…

A bill targeting crypto fraud and deceptive practices has been passed by the Illinois Senate. Dubbed the Digital Assets and Consumer Protection Act, Senate Bill 1797, introduced by Senator Mark Walker, cleared the chamber with a 39-17 vote on April 10. The bill sets out to bring crypto businesses under tighter scrutiny by requiring them to register with the Illinois Department of Financial and Professional Regulation before operating in the state. Some of the key provisions of SB1797 include mandatory registration for any firm offering digital asset services to Illinois residents, even if they’re based out of state. SB1797 mandates…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The Trump administration introduced new tariffs and expanded existing ones, which resulted in increasing trade tensions among major partners like China, the European Union, and Mexico. Global financial markets are significantly impacted by these actions, which causes increased economic uncertainty and volatility. These tariffs are aimed at a range of products, from aluminium and steel to cars and various electronic components. Unsurprisingly, some countries have responded with counter-tariffs on US exports, which could potentially trigger a big…

Wayfinder’s newly launched PROMPT token has dropped 68% from its post-launch high amid a halt to the Kaito airdrop due to a front-run exploit that has stolen 119 ETH during the claim process. Launched on April 9, Wayfinder (PROMPT) debuted on major exchanges, including OKX, KuCoin, Bitget, Gate.io, Coinbase, as well as Binance Alpha. However, the token’s post-launch celebration was marred by a Maximal Extractable Value exploit, where a MEV bot called “Yoink” front-runned the PROMPT airdrop to Kaito (KAITO) users, stealing 119 Ethereum (ETH). The MEV bot targeted the Wayfinder airdrop claim contract, exploiting vulnerabilities to steal funds from…