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Bitcoin (BTC) dropped by about 4.5% on the 9th following Trump's statement that he would impose a total of 104% tariff in response to China's retaliatory tariffs. Last night, Trump's comments about having a tariff negotiation dialogue with South Korea and waiting for a dialogue with China led to a rise in the US stock market and Bitcoin. However, a few hours later, his comment about imposing a 104% tariff on China led to a crash in the cryptocurrency market, including Bitcoin.
2. Ripple CTO: Custodian Acquisition is a Critical Moment for Ripple Ledger
David Schwartz, Ripple's CTO, mentioned on the 9th through his X account that Ripple's acquisition of the cryptocurrency custodian Hidden Road would be a critical moment for XRP and Ripple Ledger (XRPL). He noted that Hidden Road would dramatically increase payment processing through Ripple Ledger. Hidden Road has over 300 institutional clients and handles more than $10 billion in daily transactions.
3. Trump's 'World Liberty Financial' Proposes USD1 Stablecoin Airdrop to WLFI Holders
The World Liberty Financial Foundation, a DeFi project led by Trump's family, proposed an airdrop of a US dollar-pegged stablecoin USD1 to World Liberty Financial token (WLFI) users through an official statement on the 8th. The foundation stated that the USD1 airdrop is proposed as a concept of verifying the platform's airdrop infrastructure and rewarding early token holders.
4. Arthur Hayes: "Bitcoin Will Rise with Yuan's Decline"
Arthur Hayes, BitMEX CEO, predicted on the 8th through his X account that Bitcoin would rise significantly due to the decline of China's yuan. He explained that the trade war between the US and China would cause the yuan to plummet, leading to a surge in demand for Bitcoin.
5. Trump Administration Announces Dissolution of Crypto Regulation Team at US Department of Justice
The Trump administration plans to dismantle the National Cryptocurrency Enforcement Team (NCET) within the US Department of Justice (DOJ). Fortune reported on the 8th, citing testimony from the DOJ Deputy Attorney General, that the presidential administration has ordered the dissolution of NCET.
6. BlackRock Collaborates with Company Holding Preliminary Bank Charter Approval
The world's largest asset management firm, BlackRock, entered into an expanded partnership with cryptocurrency company Anchorage Digital on the 8th, moving to expand its cryptocurrency-related business. BlackRock explained that the partnership with Anchorage Digital aims to expand its cryptocurrency custody business. Anchorage Digital has previously obtained a preliminary 'Bank Charter' approval from the Office of the Comptroller of the Currency (OCC).
Reporter Kwon Seung-won ksw@blockstreet.co.kr
