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What Will Happen If Tether (USDT) Is Delisted in the US? CEO Announces Emergency Plan
Tether, the world's largest stablecoin issuer, may launch a new US-compliant stablecoin if impending American regulations push USDT out of the market, according to CEO Paolo Ardoino. In an interview, Ardoino downplayed the impact of U.S. regulatory developments on the companyās global operations. Despite speculation that Tether may be forced to exit the U.S. market, Ardoino said the company is currently exploring contingency plans, including the creation of a new stablecoin specifically designed
Crypto-friendly billionaire investor Bill Ackman is considering the possibility that US President Donald Trump may pause or push back the implementation of his controversial proposed tariffs on April 7.
"One would have to imagine that President Donald Trump's phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect," Ackman, founder of Pershing Square Capital Management,Ā saidĀ in an April 5 X post.
Trump may postpone tariffs to make more deals, says Ackman
"I would, therefore, not be surprised to wake up Monday with an announcement from the President that he was postponing the implementation of the tariffs to give him time to make deals," Ackman added.
On April 2, Trump signedĀ an executive order establishingĀ reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries, which took effect on April 5. Harsher tariffs targeting countries with which the US has the largest trade deficits are scheduled to kick in on April 9.
Ackman ā who famously said "crypto is here to stay" after theĀ FTX collapse in November 2022Ā ā said Trump captured the attention of the world and US trading partners, backing the tariffs as necessary after what he called an "unfair tariff regime" that hurt US workers and economy "over many decades."Ā
Following Trumpās announcement on April 2, theĀ US stock market shed more valueĀ during the April 4 trading session than the entire crypto market is currently worth. The fact that crypto held up better than the US stock market caught the attention of both crypto industry supporters and skeptics.
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Cryptocurrency Prices on April 6: Bitcoin 0.29%ā, Ethereum 0.12%ā
Cryptocurrency Prices on April 6, 2025 The cryptocurrency market continued to display volatility on April 6. According to Binance, as of 2:00 PM KST, Bitcoin (BTC) fell by 0.29% to $83,449.38, while Ethereum (ETH) edged down by 0.12% to $1,807.96. XRP (XRP) recorded a slight gain of 0.34%, trading at $2.13. Dogecoin (DOGE) dropped by 1.04% to $0.1674, and Solana (SOL) declined by 0.61% to $119.80. Avalanche (AVAX) saw a larger drop of 3.91%, falling to $17.36, and Shiba Inu (SHIB) decreased by 0
As Sunday rolls around, the cryptocurrency landscape anticipates notable shifts that could affect market activities. Recent tariff declarations and various economic dynamics are poised to trigger significant fluctuations in the coming days. What are the essential events that could lead to volatility for crypto enthusiasts? Key Developments Impacting Crypto On Friday, Federal Reserve Chair Jerome Powell offered little clarity on potential interest rate reductions. Speculation persists that econom
Bitcoin Price Faces Uncertainty as Market Dynamics Shift
The Bitcoin (BTC) price remains at around $83,300 as the first week of the second quarter concludes, having dipped to $82,379 in the last 24 hours. Despite concerns, U.S. stock markets, shaken by tariffs, did not plunge as feared, but the long-standing negativity has yet to be compensated for. Bitcoinās Market Position In recent weeks, Trump had asserted that tariffs would not be a bargaining chip and that there would be no changes in rates. However, recent statements indicate that discussions w
Tether (USDT) bets its $20 billion haul that the greenback will weather the tariff storm
Tether, a stablecoin issuer, made headlines with its impressive $13 billion profit last year. This figure surpasses many well-known financial firms, including Goldman Sachs. Despite having no official approval from U.S. regulators and a small workforce of fewer than 200 employees, Tether is making a bold bet on the U.S. dollar. As tariffs imposed by Donald Trump disrupt the global economy, Tether aims to strengthen the dollar's presence worldwide. CEO Paolo Ardoino stated that they are building
AI Prophecy price crashes 70% in 3 days after Binance leverage shake-up
The AI Prophecy memecoin has crashed over 70% in 3 days after Binanceās adjustment of the leverage and margin tiers for ACT/USDT pair had triggered liquidations and forced sell-offs. The AI Prophecy (ACT) continues to bleed, currently trading at $0.05, down by 24% in the past 24 hours. The crash began on April 1, as part of a broader market downturn that saw several altcoins on Binance drop between 20 ā 50% in a single day.Ā ACT saw the largest drop, crashing almost 60% from $0.19 to $0.08 in les
Ethereum Rollback Riddle: Reversing a $1B Heist or Upholding Immutability?
Ethereum is in the spotlight again, but not for good reasons. Hackers broke into Bybitās secure storage, known as a cold wallet, and stole over $1 billion worth of Ethereum tokens. More than 401,000 ETH, including staked tokens, were taken. Following the news, Ethereum dropped over 5% to $2,700 in the last 24 hours. In response to the controversy, Crypto analyst, Justin Bechler argues that Ethereum is facing an impossible dilemma due to the involvement of North Korean hackers in illicit transact