#TrumpVsMusk Why Is the Crypto Market Crashing Today? 🟥 It’ | Chandra-prakash97 on Binance Square

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#TrumpVsMusk Why Is the Crypto Market Crashing Today? 🟥It’s June 6, 2025 — and the charts are turning red fast. But what’s really going on?

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#CardanoDebate Cardano founder Charles Hoskinson has proposed using 140M ADA (~$100M) from the treasury to boost DeFi growth by purchasing BTC and Cardano-native stablecoins (USDM, USDA, IUSD). ADA dropped 6% following the announcement, as the community remains divided. Some see it as a bold step toward ecosystem maturity, while others argue it’s risky given market conditions and governance concerns.

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#TrumpTariffs According to Jinshi Data, President Trump announced plans to impose additional tariffs on countries that tax U.S. exports. He also stated that Congress is close to passing the largest tax cut bill in U.S. history, calling it a “rocket” for the U.S. economy. The combination of tax cuts and new trade measures could lead to stronger domestic growth and investor confidence—but may also introduce global trade uncertainty and inflationary risks.

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#CryptoRoundTableRemarks At the latest SEC crypto roundtable, major voices weighed in on DeFi, code, and regulation: • SEC Chair Atkins: “Engineers shouldn’t be held liable for how others use their code.” • Hester Peirce: “Code is protected speech under the First Amendment.” • Erik Voorhees: “Smart contracts are a step function improvement over human regulators.” • Others argued that decentralization isn't lawless — it's transparent, predictable, and user-driven.

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#NasdaqETFUpdate Invesco QQQ, the flagship Nasdaq‑100 ETF, is currently trading around $530.70, up slightly on the day. Over $338 billion in AUM, QQQ continues to deliver solid long‑term performance—+379% since inception and a 10‑year annualized return near 17% . Despite a modest outflow in the leveraged ProShares TQQQ version, core QQQ remains resilient .

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#MarketRebound BTC has surged past $109K, ETH is trading above $2.7K, and BNB is up more than 4% from this week's low — signaling a strong rebound across major tokens. 💬 How are you positioning in this market? Do you see this as the start of a sustained move, or just a temporary spike?

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