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These three altcoins saw significant declines today. Can they reclaim key support levels, or are deeper losses ahead?
Senator Cynthia Lummis sees Bitcoin as a solution to the US debt crisis, proposing a national reserve to leverage its long-term appreciation. Her BITCOIN Act is gaining traction, with 15 states backing similar initiatives.
The crypto market has dipped in response to President Trump’s plan to enact steep tariffs on imported goods from Canada, Mexico, and China beginning on Tuesday.Canada and Mexico have ordered retaliatory tariffs in response, while China promised “corresponding countermeasures” and said it would file a lawsuit with the WTO.Memecoins were particularly hard-hit by the downturn, with many top coins seeing double-digit percentage drops. Trump’s memecoin has fallen nearly 30% over the past week.
Quick Take THORChain’s governance approved a proposal to address a nearly $200 million debt crisis. The approved plan involves converting defaulted debt into equity by issuing creditors a new token called TCY. TCY token holders are entitled to 10% of THORChain’s revenue in perpetuity.
Quick Take Story is a specialized Layer-1 blockchain transforming intellectual property (IP) into a programmable asset class critical for artificial intelligence (AI). IP has emerged as the largest intangible asset class in the world, ranging from code and data to scientific research, and AI models depend on it for both training and inference. By bringing IP on-chain, Story streamlines licensing, automates royalties, and ensures verifiable ownership at scale. This research is commissioned by Story Foundati
- 18:01Trump: talks with Putin on ending Russia-Ukraine conflict and bilateral issues going wellUS President Donald Trump said via social media that serious discussions are underway with Russian President Vladimir Putin on ending the Russia-Ukraine conflict as well as major economic development deals to be made between the United States and Russia, and that negotiations are going well. He also said he addressed the G7 summit that day along with French President Emmanuel Macron. He said that all sides expressed the goal of wanting the conflict to end. He emphasised the importance of the Key Minerals and Rare Earths Agreement between the United States and Ukraine and expressed the hope that it would be signed as soon as possible.
- 17:19The US Dollar Index DXY briefly dipped 10 pips and is now at 106.56The US Dollar Index DXY briefly dipped 10 points and is now at 106.56.
- 17:09OPINION: Bitcoin's retail demand picks up, may signal price riseBitcoin retail investor demand is rebounding, with the 30-day rate of change in demand having risen to neutral levels from -21%, a level last seen in 2021, according to Cointelegraph. Historical data shows that such rallies usually precede price increases.