PRESIDENT TRUMP SAYS, 'WE ARE COLLECTING $2 BILLION A DAY FROM TARIFFS.
Yeah, Trump has often highlighted tariffs as a big win during his speeches. Saying "we are collecting $2 billion a day from tariffs" sounds like he's emphasizing how tariffs are bringing in revenue to the U.S. government.
But a couple of things to keep in mind:
Tariffs are taxes on imports, meaning U.S. importers (often American companies) are the ones paying them — not directly foreign governments or companies.
That cost often gets passed down to U.S. consumers through higher prices.
$2 billion a day would translate to around $730 billion a year, which seems extremely high compared to historical tariff revenue numbers — even at the peak of the U.S.-China trade war, annual tariff revenue was more like $70-$80 billion.
So it’s likely that number is either an exaggeration, a temporary spike, or mixing different figures together (like including retaliatory tariffs or anticipated future gains).
Binance has announced that it will discontinue its Peer-to-Peer (P2P) Cash Zone service on March 31, 2025. This feature allowed users to buy and sell cryptocurrencies for cash through registered merchants.
Key Dates to Remember:
March 25, 2025, 23:59 UTC: Deadline to place new orders in the P2P Cash Zone.
March 31, 2025, 23:59 UTC: Complete shutdown of the P2P Cash Zone; no further transactions will be supported.
Impact on Users:
The closure of the P2P Cash Zone will affect users who prefer cash transactions, especially in regions where digital payment methods are limited or unavailable. This change may reduce trading flexibility and could lead to higher transaction costs due to reliance on alternative payment methods.
Alternative Options:
Binance encourages users to explore other payment methods available on its P2P platform, such as bank transfers and e-wallet services, to continue trading without disruption. These alternatives may require additional steps for users accustomed to cash transactions.
Community Reactions:
The announcement has elicited mixed reactions. Some users express concern over reduced flexibility and potential increased costs, while others are skeptical due to a lack of direct communication from Binance.
Next Steps for Users:
Explore Alternative Payment Methods: Familiarize yourself with other options like bank transfers and e-wallets available on Binance's P2P platform.
Stay Informed: Monitor Binance's official channels for updates and detailed instructions regarding the transition.
Plan Ahead: If you rely heavily on cash transactions, consider how this change will affect your trading strategy and make necessary adjustments before the March 31 deadline.
By proactively adapting to these changes, users can continue to trade effectively on Binance's P2P platform despite the discontinuation of the Cash Zone service.
JUST IN: 🇨🇳🇺🇸 Chinese company Temu known for its cheap prices adds import charges of up to 150% to counter US tariffs.
It seems that Temu, a Chinese e-commerce platform, is adjusting its pricing strategy in response to U.S. tariffs by adding import charges. This could impact consumer prices in the U.S., as the additional charges might be passed on to customers. This development highlights the ongoing trade tensions between the U.S. and China, where tariffs have been used as a tool to regulate trade balance and protect domestic industries. If you're considering purchasing from Temu or similar platforms, it might be beneficial to take these added costs into account.
SIGN has surged dramatically, doubling its value in just one day. Such rapid growth often indicates increased market interest or developments that have drawn attention from investors.
With a notable uptick, VIRTUAL is enjoying increased visibility, likely due to positive sentiments in the crypto community and potential use cases involving the metaverse.
SHELL has maintained strong performance, possibly due to partnerships or developments that reassure investors of its long-term viability.
The dynamic nature of the cryptocurrency market leads to significant changes within short periods. Investors should keep an eye on these top gainers, as they may represent opportunities in an otherwise unpredictable landscape. As always, thorough research and consideration are critical before diving into crypto investments.
🚀 The BAR token is showing strong bullish momentum with a recent price increase of 14.83%, currently trading at $2.269.
📈 Key highlights: - Resistance Break: It has successfully broken past the $2.24 resistance level, suggesting upward momentum. - Volume Spike: Significant trading volume indicates strong interest from investors. - Indicator Strength: The MA indicators point towards continued bullishness.
With the current market conditions, keep an eye on BAR for a potential breakout above $2.30. Are you ready to ride the wave? 🌊
🚀 The BAR token is showing strong bullish momentum with a recent price increase of 14.83%, currently trading at $2.269.
📈 Key highlights: - Resistance Break: It has successfully broken past the $2.24 resistance level, suggesting upward momentum. - Volume Spike: Significant trading volume indicates strong interest from investors. - Indicator Strength: The MA indicators point towards continued bullishness.
With the current market conditions, keep an eye on BAR for a potential breakout above $2.30. Are you ready to ride the wave? 🌊
The Chicago Mercantile Exchange (CME) is set to launch XRP futures on May 19, signaling growing institutional interest. Historically, futures have paved the way for ETFs, as seen with Bitcoin and Ethereum. With Ripple gaining legal clarity, XRP's price has surged to nearly $2.50, and whales have accumulated $1.66 billion recently. XRP's current $146.5 billion market cap could rise significantly if ETF capital flows in. South Korean traders are already heavily investing, showing strong momentum, but caution is advised regarding futures contracts.
#TrumpTaxCuts 🚀 Trump’s Capital Gains Cuts: Gamechanger for Crypto? Trump’s plan to slash capital gains taxes could have major ripple effects:
HODL Incentive: Reduced tax burden may encourage longer holding periods.
Altcoin Surge: Higher risk tolerance could drive altseason mania.
Tighter Regulations: Expect stricter IRS enforcement to balance tax cuts. Flashback: Post-2017 tax cuts saw BTC soar from $1k to $20k. Would you go heavier on alts or double down on BTC under a tax-friendly
SIGN has been making waves, currently priced at $0.08308—a whopping 176.93% increase! 📈 The recent price action shows a consolidation phase after a strong surge. Keep an eye on the chart: we could be setting up for a breakout.
🔍 Key Highlights: - 24H High: $0.0888 - 24H Low: $0.0300 - Strong Volume: 333.29M SIGN traded in the last 24 hours.
With a balanced order book (48.70% bids vs. 51.30% asks), it’s a critical moment to watch!
HYPER is showing strong momentum on the 5-min chart, bouncing from $0.1930 to $0.2000 with bullish volume building up. MA(7) has crossed above MA(25), signaling short-term strength. If HYPER can flip $0.20 into support, a new breakout could be on the way. Watching for a clean move above $0.2004 for confirmation. Stay sharp!
INIT recorded the steepest fall among the listed coins, dropping almost 19% in the past day. This sharp decline could be driven by low liquidity, profit-taking, or broader market conditions impacting smaller cap assets.
2. DEGO (DEGO)
Last Price: $1.951
24h Change: -18.20%
DEGO, a project known for its DeFi and NFT infrastructure, also experienced a heavy dip of 18.2%. Market sentiment towards DeFi tokens has been mixed lately, which might explain part of the downward pressure.
3. HYPER (HYPER)
Last Price: $0.1986
24h Change: -14.73%
HYPER saw its price shrink by nearly 15%. It’s common for mid-cap tokens like HYPER to exhibit higher volatility, especially if there’s news or speculation affecting their ecosystems.
4. FLM (Flamingo Finance)
Last Price: $0.0354
24h Change: -13.87%
FLM, a DeFi token built on the Neo blockchain, fell by close to 14%. Despite efforts to revamp its ecosystem, FLM continues to struggle amid fluctuating DeFi sector sentiment.
5. JST (JUST)
Last Price: $0.03715
24h Change: -11.72%
JST, the governance token of the JUST DeFi platform on the TRON network, lost about 11.7%. While TRON has had some positive news recently, individual projects like JUST can still be heavily influenced by broader market dynamics.
6. ALPACA (Alpaca Finance)
Last Price: $0.2084
24h Change: -11.66%
Alpaca Finance, a lending protocol known for its leveraged yield farming, also faced a double-digit loss. The decline in yield farming returns across DeFi could be one factor contributing to ALPACA’s negative performance.
Traders and investors should always stay cautious, using proper risk management strategies when navigating these volatile waters. BUY AND TRADE HERE ON $INIT
ZEC, a privacy-focused cryptocurrency, gained 17.13%. Being a major coin with a strong foundation in privacy technology, Zcash’s rise could reflect broader interest in privacy coins, especially in uncertain macroeconomic or regulatory climates.
PENGU leads the chart with an impressive 38.65% increase in the last 24 hours. This significant upward movement may indicate growing market interest or news-driven momentum. Traders will be watching closely to see if PENGU can sustain this breakout.
Top Crypto Gainers in the Last 24 Hours on Binance 1. PENGU (PENGU)
Last Price: $0.013401
24h Change: +38.65%
PENGU leads the chart with an impressive 38.65% increase in the last 24 hours. This significant upward movement may indicate growing market interest or news-driven momentum. Traders will be watching closely to see if PENGU can sustain this breakout.
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2. Stafi (FIS)
Last Price: $0.2791
24h Change: +37.83%
FIS follows closely behind, climbing by 37.83%. Stafi is known for its liquid staking solutions, and such a sharp rise could suggest new project developments, integrations, or increased staking rewards attracting investors.
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3. BM Token (BMT)
Last Price: $0.1221
24h Change: +29.34%
BMT has shown a strong performance, gaining 29.34% within the day. While details about BMT's rally are yet to unfold, rapid growth often hints at market speculation or important announcements within the project ecosystem.
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4. BROCCOLI714 (BROCCOLI714)
Last Price: $0.04152
24h Change: +25.55%
BROCCOLI714 is up by 25.55%, indicating a solid bullish move. Although lesser-known, assets like this can sometimes benefit from sudden community-driven pumps or new project milestones.
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5. Zcash (ZEC)
Last Price: $38.49
24h Change: +17.13%
ZEC, a privacy-focused cryptocurrency, gained 17.13%. Being a major coin with a strong foundation in privacy technology, Zcash’s rise could reflect broader interest in privacy coins, especially in uncertain macroeconomic or regulatory climates.
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6. SHELL (SHELL)
Last Price: $0.1945
24h Change: +16.12%
SHELL rounds out the list with a 16.12% gain. Like some others on the list, it may be benefitting from renewed trader enthusiasm or potential project news.
XRP/USDT just touched $2.2948, showing strong momentum with a 4.27% daily gain. Price is riding above key moving averages (MA7, MA25, MA99), indicating growing bullish strength. With 63% buy pressure and strong 7-day and 180-day performances (+9.74% and +340.96%), XRP looks poised for a potential breakout. Watching for a confirmed close above $2.30 to ignite the next move!
#XRPETF The U.S. SEC has approved ProShares Trust’s XRP Futures ETFs, set to launch on April 30, 2025, marking a major milestone for XRP as one of the first altcoins beyond Bitcoin and Ethereum to get ETF approval. ProShares will offer three ETFs — UltraShort XRP, Ultra XRP, and Short XRP — providing leveraged and inverse exposure without holding XRP directly. Following the news, XRP’s price surged above $2.20. Although this approval is for futures ETFs, a spot XRP ETF could emerge depending on Ripple’s ongoing legal case with the SEC, signaling increased regulatory acceptance and potential growth in XRP adoption and liquidity.