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$BTC Xapo Bank sees Bitcoin trading surge as wealthy investors bought the dip First-quarter growth in Bitcoin trading volume reflects members’ long-term confidence in BTC despite its underperformance, said Xapo Bank.
Xapo Bank sees Bitcoin trading surge as wealthy investors bought the dip
Gibraltar-based Xapo Bank, a private bank and Bitcoin custodian, reported a surge in Bitcoin trading volumes in the first quarter as its high-net-worth members scooped up Bitcoin amid market turbulence.
Xapo Bank said that Q1 trading volume grew 14.2% compared to the Q4 2024, as the Bitcoin BTC $85,636 price drop helped drive trading volume growth on its platform. It said that during the decline, its high net-worth members “actively bought the dip,” reflecting these members’ “commitment to the long-term potential of Bitcoin.”
In the first quarter of 2025, Bitcoin had its worst start to a year since 2018, closing the quarter down 13%.
The crypto-friendly bank became the first licensed bank to launch interest-bearing Bitcoin and fiat banking accounts in the UK in 2025 and launched Bitcoin-backed USD loans of up to $1 million in March 2025.
Confusion over chip, smartphone tariffs unfolds in US as Trump foreshadows more changes
#USElectronicsTariffs President Donald Trump's tariff policy has undergone several developments since 'Liberation Day'. The most recent of the changes saw confusion reign about how the US would treat imports of consumer electronics like smartphones. It came after Mr Trump announced a 90-day pause on so-called "reciprocal tariffs", reducing the higher-rate tariffs to 10 per cent for every trading partner but China.
Here's how the US's tariff policy evolved over the last four days.
Some consumer electronics exempted On Friday, the Trump administration walked back the tariffs that would have otherwise been imposed on electronics imported into the US, signalling some relief from trade wars that have particularly escalated with China. A notice issued by the US Customs and Border Protection office listed more than 20 consumer electronic product categories that would be exempted from tariffs. Some of those included: Computers Laptops Disc drives Smartphones Memory cards Semiconductors (chips) Modems Routers This meant they would not be subject to the tariff on Chinese imports of 145 per cent.
The action also exempted the specified electronics from Mr Trump's 10 per cent "baseline" tariffs on goods from most countries other than China, easing import costs for semiconductors from Taiwan and Apple iPhones produced in India. The exemptions were backdated to April 5, when the "Liberation Day" tariffs had taken effect.
The White House suggested the exemptions had been granted ensure companies had more time to move production to the US — however Mr Trump's own statements would soon raise questions about how long they would be in place. "President Trump has made it clear America cannot rely on China to manufacture critical technologies such as semiconductors, chips, smartphones, and laptops," White House press secretary Karoline Leavitt said at the time. Exemptions appear to be short-lived
Days after exempting the consumer electronics categories from tariffs, the Trump administration changed tune, announcing this would not be the case.
When are the chip tariffs set to start? We don't know the exact timing yet. Aboard Air Force One, Mr Trump said the "tariffs will be in place in the not too distant future". Asked what the rate for semiconductors would be, he said: "I'm going to be announcing it over the next week", adding that there would be flexibility for some companies.
Will smartphones cost more because of the tariffs? Economists have warned that tariffs impacting consumer technology could mean higher prices for smartphones, computers and other gadgets. Analysts at investment bank UBS warned that the price of a China-made iPhone 16 Pro Max (256Gb storage) could rise by 79 per cent from $1,199 to about $2,150. This figure is based on a total tariff of 145 per cent like the one imposed on Chinese imports that have not been exempted.
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Ethereum (ETH) traded near $1,570 after a 4% rebound, recovering from a 24-hour low of $1,437.84. The drop followed broader market reactions to new U.S. trade policies, though analysts remain divided on ETH’s next move.
Ethereum (ETH) is currently trading at $1,474.05 USD, marking a notable 6.04% decline in the last 24 hours, and an even sharper 22.96% decrease over the past week. $ETH
Despite this recent bearish move, Ethereum retains its strong position as the second-largest cryptocurrency with a market capitalization of approximately $177.8 billion and a daily trading volume of over $21.6 billion, indicating continued high liquidity and trader activity.
If buyers fail to hold this zone, we could see further downside toward the $1,350–$1,400 region. However, strong fundamentals like Ethereum’s dominance in smart contracts, DeFi, and NFT infrastructure support a potential rebound once market sentiment stabilizes.
Taking current volume trends, volatility metrics, and market positioning into account, I predict Ethereum may climb back to $1,650 USD within the next 7–10 days, assuming it maintains support above $1,450 and bullish momentum builds across major exchanges. However, continued macroeconomic pressure or negative crypto news could delay this recovery.
Investcorp to Al Arabiya: Our divestment from US real estate has nothing to do with the tariff cris
#TrumpTariffs Yousef Al Yousef, Head of Investcorp's Global Placement Group and a member of the board of directors of ICAP, said that the company's real estate portfolio in the United States is large and comprehensive, amounting to approximately $11 billion, distributed among industrial properties, warehouses, family housing complexes, and student housing. He emphasized that the company's recent divestment of some US properties is not related to the tariff crisis. In an interview with Al Arabiya Business, Al Yousef added that the aforementioned exit aims to generate significant returns for the investor and capitalize on the sector's positive dynamics. He added that there is strong demand for rentals in the US, with a vacancy rate of no more than 5%. This is a key factor driving real estate investment in the US. He continued: "Investcorp's investment strategy is based on a meticulous asset selection process, where we study approximately 1,000 investment opportunities annually, from which we select approximately 5%. This is in addition to active real estate management, which reduces expenses, increases rental value, and creates additional value for properties, which positively impacts the investor through returns." He emphasized that the company's strategy targets returns of between 10% and 12% annually, noting that the company has accumulated extensive experience in this field spanning over 30 years, and that the company's value-creation model has proven its worth over various economic cycles. Al-Yousef noted that the tariff decisions taken by US President Donald Trump could increase the attractiveness of industrial real estate, as they aim to increase local manufacturing volume. They will also increase construction costs and potentially lead to higher interest rates, all of which are attractive factors for the real estate sector. Investcorp Capital previously announced the sale of its first domestic portfolio in the United States for $360 million. The company added that the portfolio is distributed across six investments in six states, and the sale achieved a return of approximately 40% over the initial purchase price of approximately $262 million less than four years ago. The company explained that the portfolio was sold to benefit from industrial capital markets and the strong operational fundamentals of the real estate sector during its holding period.
Trump's tariffs significantly increase the competitiveness of Egyptian clothing in the US
#TrumpTariffs Clothing exports are expected to reach $1.5 billion this year.
Fadel Marzouk, head of the Egyptian Ready-Made Garments Export Council and member of the Cabinet's Export Development Committee, said that his country aims to increase its ready-made garment exports to the US market to $1.5 billion by the end of this year, compared to $1.19 billion in 2024, a growth of 26%.
Marzouk told Al Arabiya Business that Egypt aims to increase its ready-made garment export revenues to $3.5 billion by the end of this year, compared to $2.8 billion in 2024, a 25% increase. The US market is the primary destination for Egyptian ready-made garments, accounting for approximately 42% of the sector's total annual exports, while Europe controls 25%. Economic storiesglobal economyForeign Policy: Trump is ushering in a new era for the global economy. Ready-made garments are Egypt's most important export to the large US market, accounting for 53% of the country's total exports to Washington last year, which amounted to $2.24 billion, according to data from Egypt's Central Agency for Public Mobilization and Statistics. Positive impact of Trump's tariffs A member of the Egyptian Cabinet's Export Development Committee ruled out any impact on Egyptian ready-made garment exports from the countervailing tariffs imposed by US President Donald Trump a few days ago on more than 180 countries, ranging from a minimum of 10% to a maximum of 50%. "The 10% tariff imposed on Egypt is a protective duty and will not affect Egyptian ready-made garment exports. On the contrary, it will give Egypt a competitive advantage and push exports to record levels over the next three years," Marzouk said. He added, "The tariffs imposed on Egypt are negligible compared to those imposed on Egypt's main competitors in the US market. 46% were imposed on Vietnam, 36% on China, and 37% on Bangladesh. This places Egypt within a safe zone and gives it a significant competitive advantage." Ambiguous position of QIZ exports Marzouk said that Egypt has not yet been informed by the American Chambers of Commerce regarding the status of ready-made garment exports under the Qualified Industrial Zones (QIZ) agreement regarding the announced duties. The QIZ agreement, signed in 2004, allows Egyptian products to enter the US market duty-free, provided that the Israeli component in these products contributes to a percentage currently reaching 10.5%. "We still can't confirm whether the 10% rate on ready-made garment exports under the QIZ agreement, which allows Egyptian products to transit duty-free, will be applied. We don't know whether it will be raised to 10% or remain as it is. The matter is uncertain and unclear, but overall, Egypt is in a very good position compared to its competitors and will not be affected," according to Marzouk...
$BTC Global financial markets experienced severe turmoil this week as trade tensions between the United States and China escalated, triggering panic selling in stocks and cryptocurrencies, according to an analysis released on April 7 by QCP Capital.
Volatility on the rise, tariffs on the rise: QCP says the world is approaching the point of economic collapse. On Monday, the firm reported that Bitcoin initially resisted last week's stock market decline but collapsed during early trading hours in Asia, falling 7% to $74,500. More than $800 million in derivatives positions in Bitcoin and Ethereum were liquidated in the space of 24 hours as volatility spiked. QCP Capital noted that Bitcoin's implied volatility jumped to more than 85% on Friday, while Ethereum's jumped to 130%, reflecting frenzied hedging activity. $BTC
The CBOE Options Volatility Index, a key fear gauge, crossed the 60 level, indicating heightened investor anxiety. China's stock market suffered its worst single-day collapse since 2008, a delayed response to Beijing's retaliatory tariffs of 34% on all US goods announced on Friday. With the higher tariffs set to take effect on April 9, QCP warned that the global economy was approaching an "all-out economic war."
President Trump acknowledged the market pain but defended his strategy, saying, "Sometimes you have to take medicine," according to a QCP summary. More than 50 countries have reportedly requested emergency trade negotiations with the United States to mitigate supply chain disruptions. Meanwhile, the $800 million cryptocurrency selloff marked one of the largest single-day selloffs this year, according to QCP data.
While traditional safe havens like gold and bonds have surged, QCP highlighted Bitcoin's unusual balance with stocks during the crisis. The firm emphasized that market confidence and the reliability of the US economy are now at stake, with little time left to avoid further instability before the tariff deadline on Wednesday. Analysts warned that without tangible progress in the negotiations, global markets could experience intense volatility in the coming days
Bitcoin's price drop indicates market tension, not weakness
#BTCBelow80K After the stock market crash, why are cryptocurrency prices also falling? Mark Connors: Bitcoin's price drop indicates market tension, not weakness Bitcoin, the largest cryptocurrency by market capitalization, fell 5% to trade at around $79,000.
Ethereum, the second-largest cryptocurrency, recorded a sharp decline of 12.3%, reaching its lowest level since October 2023, indicating the depth of the pressures affecting the digital asset market. Warning for Traditional Markets Mark Connors, chief investment strategist at Risk Dimensions, sees no reason to panic. Rather, he views the decline as a warning to traditional markets, not a threat to cryptocurrencies themselves.
Connors told Asharq Al-Awsat that "Bitcoin's outperformance since the beginning of the month is historic," highlighting its 2.2% gain in April, even as US stocks fell 9.6% and global stocks slumped 8.2%.
He justified this decline as an "early indication" that stock markets in Tokyo—and perhaps Europe and the United States—will continue the sell-off seen last week. He considered the tariffs announced by Trump not just market noise, but a "macroeconomic signal."
Japanese stock markets aren't the only ones that could face pressure. Chinese investors are bracing for a gloomy Monday as the country's markets return to trading after a long weekend, amid China's retaliation against US tariffs.
China's US-listed stock index fell 8.9% on Friday, the largest drop since October 2022, amid turmoil sweeping global markets after Beijing announced a 34% tariff on all US imports. This occurred during a holiday for financial markets in China and Hong Kong, which will resume trading on Monday.
Decentralized Asset Favor
With gold recording its best quarterly performance since 1986 and Bitcoin outperforming over one-, three-, and five-year periods, Connors believes we are witnessing a deeper structural shift in market psychology, favoring decentralized, inflation-resistant assets over traditional stocks.
"Bitcoin and gold have already been chosen as safe havens. This will accelerate in Q2, though not consistently," Connors asserted.
According to his analysis, Bitcoin, along with gold, is outperforming all major asset classes "not in a bull market, but in the midst of a global slowdown." He points to structural shifts caused by geopolitical shocks, particularly across-the-board tariffs, as the real catalyst behind these movements.
Connors wrote in a note that the inflationary shock from Trump's tariffs will force central banks—including the Federal Reserve—to return to quantitative easing, a move that will further support alternative assets.
Bitcoin dropped below the closely watched $80,000 level on Sunday evening
$BTC Bitcoin dropped below the closely watched $80,000 level on Sunday evening, tracking U.S. stock index futures sharply lower amid intensifying worries about the impact of tariffs.
The 50-day MA has crossed below the 200-day MA to form an ominous death cross, a chart pattern that warns of further selling.
Investors should watch key support levels near $74,000, $65,000, and $57,000, while also monitoring a major overhead area near $87,000. $BTC
Bitcoin (BTCUSD) dropped below the closely watched $80,000 level on Sunday evening, tracking U.S. stock index futures sharply lower amid intensifying worries about the impact of tariffs.
The pioneer cryptocurrency plunged 5% to around $79,000 as market participants braced for further market volatility after China on Friday responded to the Trump administration’s recently announced sweeping tariffs with retaliatory duties, heightening concerns of a drawn-out trade war that could trigger a worldwide recession.
Bitcoin also continues to face selling pressure from liquidations, an event where falling prices force traders to sell their bullish bets on the cryptocurrency at a loss. According to crypto analytics site CoinGlass, bitcoin has suffered $250 million in long liquidations over the past 24 hours, the highest amount since March 7. Bitcoin has tumbled 15% year to date after more than doubling last year on expectations of regulatory tailwinds.
Below, we take a closer look at bitcoin’s chart and apply technical analysis to identify key price levels worth watching out for amid a tariff-driven global market selling rout.
Death Cross in Focus After falling below the 200-day moving average (MA) last month, bitcoin’s price consolidated within a rising wedge before breaking down below the bearish pattern in late March, signaling a continuation move lower.
Indeed, the cryptocurrency’s price has continued its downtrend, with declines accelerating on Sunday evening after a brief period of sideways drift. It’s also worth pointing out that the 50-day MA has crossed below the 200-day MA to form an ominous death cross, a chart pattern that warns of further selling.
Bitcoin fell below the $78,000 level as investors braced for more financial market volatility
#BTCvsMarkets Bitcoin fell below the $78,000 level as investors braced for more financial market volatility after U.S. equites suffered their worst decline since 2020 on the rollout of President Donald Trump’s restrictive global tariffs. The price of bitcoin was last lower by 6% at $77,730.03, according to Coin Metrics, after trading above the $80,000 for most of this year — barring a couple brief blips below it amid recent volatility. It’s off its January all-time high by 28%. The flagship cryptocurrency usually trades like a big tech stock and is often viewed by traders as a leading indicator of market sentiment, but last week it bucked the broader market meltdown – holding between $82,000 and $83,000 and rising to end the week as stocks tumbled and even gold fell. Other cryptocurrencies suffered bigger losses overnight. Ether and the token tied to Solana tumbled about 12% each. Bitcoin’s down move triggered a wave of long liquidations, as traders betting on an increase in its price were forced to sell their assets to cover their losses. In the past 24 hours, bitcoin has seen more than $247 million in long liquidations, according to CoinGlass. Ether saw $217 million in long liquidations in the same period. Bitcoin has traded mostly above $80,000 in 2025 Rattled investors dumped their holdings of cryptocurrencies, which trade 24 hours, over the weekend as they anticipated further carnage, after Trump’s retaliatory tariffs raised global recession fears and caused investors to sell all risk. The duties on all imports, in addition to custom tariffs for major trading partners, have sparked worries of a global trade war that could lead the U.S. into a recession. Growing concerns about the far-reaching impact of the tariffs sent markets reeling worldwide. In the two sessions following the tariff announcement, global stocks wiped out $7.46 trillion in market value based on the market cap of the S&P Global Broad Market Index, according to S&P Dow Jones Indices. That figure includes $5.87 trillion lost in the U.S. stock market over those two sessions and another $1.59 trillion loss in market value in other major global markets. Bitcoin is down 15% in 2025 and, absent a crypto-specific catalyst, is expected to continue moving in tandem with equities as global recession fears overshadow any regulatory tailwinds crypto was expected to benefit from this year.
The price of BNB has increased by 0.24% in the last hour and decreased by 0.67% in the past 24 hours. BNB’s price has also fallen by 3.13% in the past week.
$BNB
The current price is €540.27 per BNB with a 24-hour trading volume of €915.948M. Currently, BNB is valued at 25.36% below its all time high of €723.82. This all-time high was the highest price paid for BNB since its launch. The current circulating supply of BNB is 142,471,246.17 BNB which means that BNB has as total market cap of €76,974,270,828.82.
The dollar suffers its worst decline since 2022. Will it recover?
#PowellRemarks The dollar's decline confuses markets despite expectations of a rebound. The US dollar recorded its worst losses against major currencies in nearly three years, suffering its worst daily loss since 2022 during Friday's trading. Investors are wondering whether it will recover quickly or whether this setback could last a long time.
According to an article written by economist Robert Armstrong and published in the British newspaper, the US dollar has performed poorly in the wake of Trump's tariff decisions. However, what is striking is that this poor performance contradicts all expectations, as "people agree that US tariffs should push the dollar higher because they reduce demand for imports, which reduces demand for the euro, the yen, and others, and increases the relative value of the dollar."
Armstrong says, "Strange things can happen on days like these, when markets have to quickly reposition themselves after a major shock."
Calvin Tse, head of US strategy and economics at BNP Paribas, says, "Our framework for foreign exchange markets today was that for new tariffs to have an impact, both magnitude and duration must be considered. Specifically, for the US dollar to appreciate significantly, the tariffs would have to be much larger than expected and remain in place for a long time. Only the first condition has been met."
But Armstrong says there is a possibility that the dollar's decline is due to lower yields on US Treasury bonds compared to other sovereign bonds.
Economic analyst James Athey says, "Another possibility is that global investors, who had been overweight riskier US assets, have decided to reduce their investments." The dollar sale required for this could outpace foreign inflows into Treasury bonds.
The Financial Times article argues that Trump's tariffs will hurt the US economy and will almost certainly hurt other economies even more. It notes that "during periods of global turmoil, investors tend to flock to the dollar and its assets as a safe haven, which hasn't happened this time, and the dollar has fallen."
Some analysts say a shift away from the US dollar has already begun, but Michael Howell, an analyst at Crossborder Capital, says, "There is no evidence that money is leaving the US in large numbers." He adds, "Capital flow data doesn't support these conclusions. At the end of February, there was no evidence of a shift away from the dollar. Recent movements in the dollar index are not sufficient to indicate a long-term shift away from the US."
$BTC According to BlockBeats, Arthur Hayes recently expressed on social media that Bitcoin holders should embrace tariff policies, suggesting that Bitcoin might finally break free from its correlation with the Nasdaq. Hayes believes Bitcoin could become the ultimate indicator of fiat liquidity.
$BTC
The comments come after a significant downturn in the U.S. stock market. The Dow Jones Industrial Average closed down by 2231 points, the S&P 500 fell by 5.97%, and the Nasdaq dropped by 5.82%. The Dow has retreated more than 10% from its record closing high, entering a correction phase, while the Nasdaq has fallen over 20%, marking a bear market. In contrast, Bitcoin experienced a relatively stable day, with a fluctuation range of only 3%, ultimately closing with gains on the daily chart.
#CryptoTariffDrop Bitcoin’s price saw sharp movements following President Donald Trump’s announcement of sweeping tariffs on April 2, with analysts suggesting the market drop could present a buying opportunity. S&P 500 futures fell over 2%, erasing more than $2 trillion in market value, while Bitcoin initially surged to $88,000 amid rumors of a delay in tariffs before falling to $82,000. As of April 3, Bitcoin was trading at around $83,000, with the overall digital asset market down more than 4% in 24 hours. Major altcoins, including Ethereum and Solana, also saw declines of over 6% and remained at multi-month lows.
Despite this volatility, some analysts see the tariff announcement as removing uncertainty from the market. Valentin Fournier, Lead Analyst at BRN, stated that with speculation now reduced, institutional investors could return, increasing buying pressure. David Hernandez, a Crypto Investment Specialist at 21Shares, noted that while the tariff rates were slightly higher than expected, the announcement provided much-needed clarity, which could encourage institutional investment. Both analysts pointed to Bitcoin’s potential to regain momentum and possibly approach $90,000.
$BTC A 34-year-old British teacher, Ellie Hart, threw a storage device containing the digital key to a Bitcoin wallet worth millions of dollars into the trash, unaware of the consequences.
Ellie said the incident happened while she was tidying up her home. She was cleaning out a drawer full of junk, such as dead batteries and old receipts. She mistook the storage device for a worthless piece of electronics, only to discover too late that it contained a huge digital fortune, according to the Daily Star.
Ellie recounted the incident, saying: "When my partner, Tom, a 36-year-old web developer, asked me about the small black USB stick he uses to store his digital money, I froze and said, 'I think I've thrown it away.'"
She added: "It was a terrible feeling, a mixture of panic, despair, and regret, but I knew it was too late. That moment marked the end of our dreams of a new home and traveling around the world."
Despite the huge loss, Tom didn't blame her. Instead, he remained silent, expressing his grief and remorse after losing his digital wealth.
In a warning message to digital asset investors, Ellie advised everyone to clearly mark their storage units and store them in safe places, adding, "Don't make the same mistake I did. Digital assets can be lost in a moment of carelessness."
A spokesperson for Play Casino, a cryptocurrency website, commented, "This incident is a stark reminder that digital assets can be lost in a moment of carelessness. Storage units must be properly marked and stored away from any risk." $BTC
Experts pointed out the importance of using "cold storage," an offline wallet, to ensure the security of digital assets and protect them from human error and cyberattacks.
It's worth noting that Tom began investing in Bitcoin in 2013, when its value was low. Over time, his wealth grew to millions of dollars, but the loss of his storage unit left his funds trapped in the digital world, with no possibility of recovery.
An economist explains that the greatest impact of the tariff war announced by US President Donald Trump for Egypt will be on the Suez Canal.
Economist Hani Tawfik wrote in a Facebook post: "Trump's tariffs imposed on the entire world yesterday will bring down many companies and stock exchanges, first and foremost the US Stock Exchange itself."
The economist added: "For those wondering about Egypt, the greatest negative impact will be on the Suez Canal, due to the definite slowdown in supply chains and global trade resulting from the tariff hike."
Over the past two years, Suez Canal revenues have fallen to their lowest levels due to attacks launched by the Yemeni Houthi group on cargo ships and goods in the Red Sea.
Revenues from the Suez Canal, one of the country's most important official dollar sources, declined by about 60 percent over the past year.
Hani Tawfik continued: "In the dilemma of the US economy, Trump's tariff increases mean inflation due to the rising prices of imported goods, and unemployment and recession due to the decline in both imports and exports due to the countervailing tariffs."
He explained: "This means stagflation, the worst kind of inflation, which cannot be addressed solely through monetary policy, but rather through parallel long-term fiscal and trade policies."
Yesterday, the US President announced the imposition of broad tariffs on more than 180 countries, ranging from a minimum of 10 percent to nearly 50 percent, under the banner of "Liberation Day," with the aim of closing the trade deficit and reviving America's golden age.
The tariffs included 34 percent on China, 32 percent on Taiwan, 20 percent on the European Union, 10 percent on the UK, 25 percent on Canada and Mexico, and 46 percent on Vietnam.
He also imposed 10 percent tariffs on Egypt and 10 percent on other Arab countries, including Saudi Arabia, the UAE, and Kuwait.