The trading volume of Binance LINK/USDT surged tenfold within 10 minutes, with a transaction volume of 358 million US dollars in the past 24 hours, an increase of 6.06%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.
OKX-ETH/USDT is currently trading at $2803.47, with a 24-hour increase of 6.95%. Please be aware of market fluctuations.
By Omkar Godbole (All times ET unless indicated otherwise)If you follow financial markets, you've probably come across the terms "risk-on" and "risk-off." Now we seem to be entering a new era of "tariffs on/tariffs off."See all newslettersIn a risk-on environment, growth-sensitive assets like stocks and cryptocurrencies tend to rise due to expectations of economic expansion or accommodative monetary policy. Conversely, risk-off situations reflects a lack of investor confidence, leading to sell-offs and a preference for safer assets.But this week, President Trump's tariffs announcement have single-handedly guided markets. Early Monday, bitcoin (BTC) plummeted to nearly $91,000 as Canada and Mexico retaliated against Trump's tariffs. That was "tariffs on" trading.Later, it rebounded above $100,000 after Trump paused the Mexico tariffs for the 30 days and announced the creation a sovereign wealth fund, which generated hopes of potential investments in BTC. That was "tariffs off."The bullish momentum ran out of steam early Tuesday as China retaliated against Trump's import tax, reviving "tariffs on" trading. BTC fell over 3% to $98,000, dragging altcoins lower. Nasdaq futures dropped over 0.5% and the dollar drew haven bids.Bitcoin and the broader crypto market will likely rebound should Trump announce an 11th-hour deal with China, just as he did with Mexico and Canada on Monday. Foreign-exchange market activity suggests that's likely. The AUD/CAD is down just 0.3% for the day, a sign traders don't expect a prolonged tariff war between the U.S. and China. (The Australian dollar is widely seen as a proxy for China)."A cross like AUD/CAD should trade sharply lower in this situation given Canada has dodged tariffs and China has not, but it is only 0.5% lower on the day. That signals markets are pricing in a good chance that the US and China will also strike a deal and delay tariffs," ING said in a note to clients.That said, you can never be sure of Trump. So, expect heightened volatility and stay alert!Boba Network’s Holocene hard fork network upgradeShentu Chain network upgradedelistingLivestream linkLivestream linkMSTRCANHIVEEXODHUTIRENRDDTdiscussingvotingvotediscussinghost a network reviewhostGlobal Blockchain CongressOndo Summit 2025Solana APEXNFT ParisConsensus Hong KongSui Connect: Hong KongETHDenver 2025HederaCon 2025By Shaurya MalwaSource: Farside InvestorsEthereum Raises Gas Limits for First Time Since 2021, Boosting ETH AppealLending Protocol Aave Processes $200M in Liquidation Without Adding to Bad-Debt BurdenTRON, Movement Labs Deny ‘Token Swap’ Deal for World Liberty Financial InclusionYuan Extends Loss With China Proxies as US Trade War ReignitesStocks Erase Gains After China Retaliates Against U.SEuro Stays Weaker Amid Tariff Risks
Trivago has integrated with blockchain-based Travala to offer hotel bookings in over 100 cryptocurrencies.It follows integrations with Skyscanner and KAYAK, making Travala discoverable alongside leading travel agencies such as Expedia and Booking.com.
WazirX creditors can start to receive their stolen crypto as early as April, or in 2030, based on the outcome of a voting scheme, scheduled for the coming weeks.Creditors of the hacked Indian crypto exchange will have to vote on whether to approve the restructuring scheme. If the majority, or more than 75% by value of voting creditors, vote yes, the scheme becomes effective in April 2025, as previously approved by a Singapore court, the company said in an X post.See all newslettersIf the scheme is approved, the platform is then scheduled to restart trading operations, with initial payouts promised within 10 business days after the scheme's activation, including distributing net liquid assets.Part of the refund plan is to launch a decentralized exchange (DEX), Issue recovery tokens that can be traded, and perform a periodic buyback of recovery tokens using platform profits and new revenue streams.However, if the scheme is not approved, the restructuring plan fails and the process moves towards liquidation under section 301 of the Singapore Companies Act — potentially leading to a fire sale of assets and creditors receiving less compensation as assets are sold off at possibly lower values.The process might be less favorable for creditors due to delays and reduced asset value, WazirX noted in its post.WazirX, once India’s largest crypto exchange by trading volumes, was hacked by North Korean hacker outfit Lazarus in July 2024 and saw over $230 million of user funds stolen from the platform.The hacker laundered all the stolen funds to various addresses using Tornado Cash to obscure the transactions, as CoinDesk reported in September, further dampening hopes of a full recovery.WazirX, still reeling from the financial and reputational damage, has worked to recover the funds with limited success. It has faced criticism for its handling of the crisis, especially concerning user communication and fund recovery processes.It filed for a moratorium in Singapore courts and received court approval for a restructuring plan in January for creditor recovery, avoiding total liquidation.
Bitcoin (BTC) continues to follow the trajectory of its 2017 cycle. Despite recent market turbulence, driven by escalating tariff tensions between the U.S and its neighbouring countries, as well as China. Bitcoin remains up approximately 525% from its cycle low during the FTX collapse in November 2022. Comparatively, at the same stage in the 2017 cycle, bitcoin had risen 533%.See all newslettersWhile, another method for evaluating bitcoin’s cyclical behavior is by measuring returns from previous all-time highs. The last cycle's market peak occurred in April 2021 at approximately $64,000, although in nominal terms, bitcoin’s all-time high was $69,000 in November 2021. However, many on-chain indicators suggest that April 2021 marked the cycle’s true top. Despite ongoing geopolitical tensions, bitcoin has demonstrated remarkable consistency in tracking previous cycles.In addition, bitcoin (BTC) has remained range-bound within a $90,000 to $109,000 channel for the past 2.5 months, even amid heightened market volatility. Bitcoin continues to test both the upper and lower bounds of its current trading channel. Meanwhile, previous CoinDesk research identified $91,000 as a local bottom for bitcoin.
