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Bitcoin, Ethereum Dive Alongside Stocks as Trump Threatens 'Massive' China Tariffs

President Donald Trump announced on Friday a possible increase in tariffs on China, causing Bitcoin and other cryptocurrencies to drop alongside U.S. stock indices. Bitcoin fell below $119,000 for the first time since early October, trading around $119,028, a decrease of 1.7%. Other cryptocurrencies, including Ethereum and Solana, experienced steeper declines of nearly 5%. The crypto market faced liquidations totaling $459 million in just one hour, with almost $773 million liquidated over the past 24 hours. The Nasdaq and S&P 500 also reported losses of 1.77% and 1.25%, respectively. Trump emphasized that while these measures may be painful, they could eventually benefit the U.S. economy by countering reliance on Chinese goods.

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SEC’s ‘future-proofing’ push to shape crypto regulations after Trump

Paul Atkins, the new chair of the US Securities and Exchange Commission (SEC), is rapidly moving to establish policies that will define the future of the crypto market under the Trump administration. At a recent conference, Atkins emphasized the importance of quickly adopting rules to 'future-proof' his agenda,

Aster Airdrop Delayed Due to 'Data Inconsistencies' With Token Allocations

Aster, a decentralized perps exchange, has postponed its airdrop from October 14 to October 20 due to potential data inconsistencies that have led to miscalculated token allocations. This decision came shortly after the launch of the airdrop checker, which triggered numerous complaints from users about their allocations. Aster assured that

Crypto Biz: Bitcoin’s corporate moment, ICE’s bold bet, Tether’s expanding footprint

Big Tech companies are currently viewing Bitcoin as a significant balance sheet asset, reflecting the digital asset's new all-time high of over $126,000. This surge has prompted corporate treasury strategies akin to that of institutional investor Michael Saylor's Strategy, now reportedly holding Bitcoin reserves nearing

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