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Why has utility become such a losing bet?
President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.The implementation of the tariffs was delayed to Tuesday at 12:01 am.Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.
Stablecoin liquidity has increased, surpassing $200B in total market cap. USDT and USDC lead the expansion, signaling potential market shifts. Analysts say this trend could impact Bitcoin and crypto prices.
MicroStrategy expanded its preferred stock offering from $250M to $584M to support corporate initiatives and enhance its Bitcoin portfolio ahead of final sale conditions.
- 20:17XRP's total market capitalization rises to $167 billion, becoming the third largest cryptocurrencyAccording to Jinse Finance, XRP has surged to $2.84, marking a 27.9% increase this week. Its market capitalization has risen to $167 billion, surpassing Tether to become the third-largest cryptocurrency. In the past 24 hours, XRP's trading volume reached $14.24 billion, with intraday prices ranging between $2.61 and $2.91.
- 19:04$2.7 Billion Added to the Stablecoin Market in the Past WeekStablecoins increased by $2.7 billion within a week, driving the market size to $257.7 billion. USDT remains the dominant leader, but USDC saw the largest growth. • USDC supply increased by $1.31 billion. • USDT reached $160.15 billion. • Tron’s USDD rose by 19.28%.
- 19:02Analyst: The EU Will Have to Accept a 10% TariffBlockBeats News, July 13 — BCA RESEARCH’s Chief European Strategist Mathieu Savary stated that Trump’s strategy is to make outrageous demands, then let those demands fall through, and subsequently make a renewed effort to secure some last-minute concessions before reaching a trade agreement. “We recall a framework from Trump’s first presidential term, and that’s exactly what is happening now. What is being said at this moment doesn’t matter; what matters is where we ultimately land. It is expected that the EU will eventually ‘have to accept a 10% tariff, but that is something the EU can actually handle.’” Previously, U.S. President Trump announced a 30% tariff on EU goods starting August 1. Three EU officials have stated that Trump’s threat to impose a 30% tariff on EU goods from August 1 is a negotiation tactic.