What happened in Crypto in the last 12h:
- Trump's Tariff Increases Triggers Market Shock
- Trump to Talk Tariff with Canada, Mexico Monday
- $BTC Touches $92K
- $BTC Dominance Surpasses 60%
- Revealing Corruption within Binance Labs
- $RUNE Plans Debt Resolution
👇
• The crypto market started to decline after Trump's announcement of higher tariffs on Canada, Mexico and China . Trump has also signaled tariffs on EU. $BTC dropped over 8%, crashing through 93K, and Nasdaq futures dropped over 2%.
• Canada and Mexico have imposed retaliatory tariffs on U.S. goods in response to Trump's sweeping tariffs, and Trump has said he will speak with Canadian and Mexican counterparts on Monday.
• $BTC - Bitcoin's massive drop has seen it touch 92K again after about a month.
• $BTC - Bitcoin dominance broke through its previous high of 61.5% as crypto markets fell.
• An anonymous Web3 founder exposed unfair practices, internal corruption and misconduct at Binance Labs. He also revealed that Binance Labs is making investment decisions with insiders and backroom deals, and that Dovey, Chris, and others are part of this process. Yi HE wrote a counter statement to this.
• $RUNE - Thorchain's proposal to replace the protocol's defaulted debt with a new token called $TCY, giving debtors a stake, the protocol is debt-free, and $TCY holders receive a permanent share of the protocol's fees (10%).