Author: John Smith
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…
Ethereum co-founder Vitalik Buterin reminds users to rely on contracts that have been reviewed by trusted wallet teams amidst security concerns about the latest upgrade. In a recent post shared on the decentralized social media platform Warpcast, Buterin responded to the Ethereum (ETH) community’s concerns regarding the protocol’s latest upgrade, EIP-7702. One user shared a statement from X user @nftchance, who pointed out the “non-viability” of EIP-7702. The user pointed out that the wallet blocks websites that are not suspicious. However, it still allows delegations for potentially fraudulent contracts to pass through, which could leave users vulnerable to potential security…
Ripple Labs and the U.S. Securities and Exchange Commission have jointly asked the Second Circuit Court of Appeals to pause their ongoing legal dispute, suggesting a full settlement may soon be reached. The request, filed on Apr. 10 and publicly shared by attorney James Filan on X, shows that both sides have reached an “agreement-in-principle” to resolve the case. This includes the SEC’s original appeal and Ripple’s (XRP) cross-appeal, filed last October. The motion is still subject to approval by the SEC’s commissioners. Within 60 days of approval, the SEC will update the court on the status of the case. …
Democratic lawmakers have slammed the Department of Justice’s move to dismantle the National Cryptocurrency Enforcement Team, calling the decision “nonsensical” and a gift to bad actors. United States Senator Elizabeth Warren, along with six other Senate Democrats, sent a strongly worded letter to Deputy Attorney General Todd Blanche on April 10, urging the DOJ to reverse what they described as a dangerous and misguided shift in enforcement policy. The backlash follows Blanche’s April 7 memo, which formally disbanded the DOJ’s National Cryptocurrency Enforcement Team. In the memo, Blanche defended the move by claiming the DOJ is “not a digital assets…
Bitcoin could keep sliding as cooler-than-expected U.S. inflation data has sparked fears that President Trump might go harder on tariffs, a move that could actually bring inflation back up in the long run. On Friday, Bitcoin (BTC) dropped below $80,000 and was still down about 1.6% over the last 24 hours at press time. This came even as the U.S. Consumer Price Index (CPI) for March showed inflation falling to 2.4%, down from 2.8% in February and slightly better than the 2.5% forecasted by analysts. The CPI, released monthly by the U.S. Bureau of Labor Statistics, is a key inflation…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As XRP targets long-term growth with a bold $45 vision, short-term traders are shifting focus to faster-moving tokens like Lightchain AI, which is gaining momentum at just $0.007. Ripple (XRP) has long been a cornerstone of the crypto space, and renewed price targets around $45 are sparking excitement among long-term investors. However, while XRP’s roadmap could take years to unfold, short-term traders are increasingly looking elsewhere for faster gains. One token catching serious attention is Lightchain AI, a newcomer…
The Federal Reserve Chair Jerome Powell has been named one of the unluckiest Fed chairs as he has to deal with a terrible mess created by Donald Trump’s tariffs policy. Since Powell ignored Trump’s urges to cut interest rates, Trump decided to fire him via the Supreme Court. Let’s dive deeper into the nature of this conflict and figure out if Powell’s resignation would be good for crypto. What led to the conflict? First off, the Powell-Trump conflict is not new. The consistent leaning of Powell’s Fed towards keeping interest rates high to keep inflation in check has always been…
Vitalik Buterin has shared a new proposal aimed at improving user privacy on Ethereum without making big changes to the network itself. In an Apr.11 post on the Ethereum Magicians forum, the Ethereum (ETH) co-founder explained how wallets and developers could take small but meaningful steps to protect users without waiting for long-term upgrades to the core protocol. Buterin’s post stresses the need to integrate privacy tools, like Railgun and privacy pools, directly into existing wallets. Instead of building separate apps, the goal is to make privacy a natural part of how users send and receive funds. Wallets could include…
Japan’s FSA has released a discussion paper on crypto regulations that seeks to categorize digital assets into two distinct categories. According to a recent report by Coinpost, the country’s Financial Services Agency has asked for public feedback regarding a discussion paper titled “Verification of the state of the system related to crypto assets.” The financial watchdog will be collecting opinions on the new cryptocurrency framework introduced through the discussion paper until May 10, 2025. The paper presents a dual-approach to regulating crypto, by dividing crypto assets into two different categories based on how funds are distributed. The first category is…