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The cryptocurrency market has seen a decline in the creation of new digital currencies since the start of Donald Trump’s second term. As of August 7, 2025, the number of newly created cryptocurrencies stood at 47,397, a 34.5% drop from the 72,454 recorded on January 20, 2025, the day Trump was sworn in, according to data retrieved by Finbold from CoinMarketCap on August 9. Notably, the platform currently tracks 19.19 million cryptocurrencies, with a yearly high of 184,087 recorded in April and a low of 4,438 since September 2024. CoinMarketCap’s market overview also shows a total market capitalization of $3.97 trillion.  The number of cryptocurrencies tracked. Source: CoinMarketCap Why newly created cryptocurrencies are declining  The recent slowdown in new token creation contrasts with the post-election crypto euphoria, when Bitcoin (BTC) soared past $123,000 on hopes of a pro-crypto Trump administration. But that initial optimism now seems to be f...

Trump and Starmer signed a UK tariff cut agreement on Monday at the G7 summit, creating a breakthrough in US-UK trade relations, and it’s also quite significant for both countries right now. This Starmer Trump agreement reduces British car tariffs from 25% down to 10% for the first 100,000 vehicles annually, and it also eliminates aerospace tariffs entirely. The G7 deal provides reduced import costs for key UK industries, though negotiators left steel discussions unresolved at the time of writing. Also Read: Trump’s UK Trade Deal Unlocks $5B in US Exports, Slams China How Trump’s UK Tariff Cuts Impact Trade, Brexit, and Crypto Markets Source: Les Blogs Major Automotive Relief Through Trump UK Tariff Cut Trump’s UK tariff cut specifically targets Britain’s struggling automotive sector, and it comes at a crucial time when manufacturers were facing potential 50% tariffs by July 9th. The Starmer-Trump agreement provides immediate relief for companies like Jaguar Land...

There has been no shortage of volatility for the US stock market throughout the first five months of 2025. Amid the run, Apple (AAPL) stock has been increasingly affected. This led Jim Cramer to say that, when it comes to Apple, short sellers are running US President Donald Trump’s stock market this year. The iPhone developer has struggled to find any kind of momentum throughout the year, aligning with much of its Magnificent 7 peers. In his breakdown of the current situation, Cramer discusses how short sellers have been in the driver’s seat with increased uncertainty as the name of the game. Source – CNBC Also Read: Jim Cramer: Apple Stock May Suffer From US-China Trade War Jim Cramer Talks Apple Stock & Thriving Short Sellers in Trump Stock Market The US stock market was more of the same in a convoluted Wednesday trading session. Stocks rose on the whole, but weak jobs data had capped those gains. Altogether, it provided a microcosmic window into how Wall Street has ...

In response to US President Donald Trump’s pause of his Liberation Day tariff plan, the European Union (EU) has agreed to pause its retaliatory tariff on US goods for 90 days. Indeed, European Commission President Ursula von der Leyen confirmed its alignment with a halt as it looks to negotiate a new trade deal with the United States. Trump announced sweeping global tariffs last week, issuing a baseline 10% import tax on all trade partners. Indeed, the plan was crafted to seek balanced trade but wreaked havoc on the US stock market. In response to the plan, the EU agreed to issue its own 25% tariff on the US. However, following Trump’s freeze, the collective has responded in kind. JUST IN: European Union pauses tariffs on US goods for 90 days, agrees to negotiate new trade deal. pic.twitter.com/uL5eZm2ipR — Watcher.Guru (@WatcherGuru) April 10, 2025 Also Read: JPMorgan CEO: Recession is ‘Likely Outcome’ of Trump Tariffs EU Pauses Retaliatory Tariffs, Looks to Negotiate Trad...

A resolution to dismantle a controversial Biden-era DeFi broker rule is heading to President Donald Trump’s desk for the axe following Senate approval. The vote, which passed with a 70-28 majority, marks a significant step toward reducing Internal Revenues Service (IRS) oversight on decentralized platforms. The DeFi broker rule required decentralized finance platforms to report crypto sales and disclose transaction details, including user information. Proponents argued it would enhance transparency, but critics warned it could stifle innovation and impose burdensome compliance costs on Web3 platforms. Senate Approval To Kill DeFi Broker Rule Was Expected The DeFi broker rule required decentralized platforms to file their gross proceeds from crypto sales as well as include information of the users involved in each of the transactions. Critics of the DeFi broker rule claimed that it would hit decentralized platforms with too onerous rules and reporting requirements, and sub...

President Donald Trump’s re-election and the news that the now-former Securities and Exchange Commission (SEC) Chair Gary Gensler would resign helped XRP soar from about $0.51 to January highs near $3.31 for a 549% rally. Events in the subsequent months provided substantially fewer tailwinds, with even the SEC’s watershed decision to abandon its lawsuit against Ripple Labs triggering only a short-lived rally. In fact, though the immediate reaction to the news was positive and led to a 14.35% rally from March 18 lows near $2.23 to March 19 highs near $2.55, sending the token’s market capitalization to $149.18 billion, subsequent trading proved something of a bloodbath. Picks for you Trump’s White House return wipes out nearly 20% of Bitcoin millionaires 2 hours ago ...

Ripple and its co-founders spent tens of millions of dollars on political donations with dreams of the US government acquiring XRP for a sovereign crypto reserve. Instead, at 7:11pm yesterday, they endured a catastrophic conclusion to their lobbying efforts.  When so-called “Crypto Czar” David Sacks tweeted the text of a signed executive order, Ripple and its XRP Army learned that Donald Trump would not — despite his explicit promise — direct the US government to buy XRP.  Although Trump claimed on March 2 that he would create a Crypto Strategic Reserve that includes XRP, he did not. Instead, he actually signed an order relegating XRP to a separate, sell-only stockpile. Rather than entering the ranks of any US Strategic Crypto Reserve, XRP is, disappointingly, a Stockpile Asset. The US government may not buy XRP and may only hold onto or sell it. Indeed, according to the document Trump signed, “ the United States Government shall not acquire addi...

China gave a curiously generous amount of support to US President Donald Trump’s largest crypto project, TRUMP. In the critical hours of its weekend debut, Chinese traders and Chinese-founded exchanges led trading activity in the memecoin. Around 9pm New York time on Saturday, January 18, Trump launched TRUMP on Solana’s blockchain via Moonshot, a fiat onramp and wallet provider. His website accepted both crypto and fiat denominations, including credit and debit cards. Debuting on non-custodial exchanges like Jupiter and Raydium, the token rallied from below $1 to over $75 overnight — imputing a $75 billion fully diluted valuation on its maximum supply of 1 billion tokens. Due to the prominence of what had quickly become the world’s second-largest memecoin — ranking by Sunday morning beneath only Dogecoin (DOGE) itself — centralized exchanges scrambled to list it. China led the charge. Chinese crypto exchanges lead TRUMP listings Although TRUM...

The team behind President Donald Trump’s crypto operations reportedly sent nearly a hundred million dollars worth of the TRUMP meme token to digital asset exchanges. According to blockchain analytics firm Arkham, Trump’s team has so far sent $92 million worth of TRUMP to crypto exchanges Arkham notes that the Trump team locked up 80% of the supply, with 10% reserved to provide liquidity and another 10% planned for public distribution. “100 million TRUMP was sent to the TRUMP Liquidity Provider, which added liquidity on Meteora. 8tKLhRyFC3RsQ41APTqKdzr9DdeGqV2RtRgSjVgsY4xb another 10% was split between three wallets: Initial TRUMP Deployer (kept 14 million TRUMP) 5e2qRc1DNEXmyxP8qwPwJhRWjef7usLyi7v5xjqLr5G7 TRUMP Team Wallet 1 (received 56 million TRUMP) 2Fe47zbh8svDNGNehFy1NY8bsjQNtomvKFuq1jNgWSkv TRUMP Team Wallet 2 (received 30 million TRUMP) 7qtDv72fGzuuGmyg1FkTxBybYH2sXkUd6u8WXwnkRnpE” Source: Arkham/X Arkham says that just ho...

Incoming US President Donald Trump is facing a backlash over allegations of greed following the consecutive launches of the $TRUMP and $MELANIA meme coins over the weekend. “Launching a second meme coin so quickly after $TRUMP’s success reeks of greed,” said Jim Bianco, president of Bianco Research, in a post on X. “It’s clear the goal was to maximise profit rather than create value.” Both meme coins skyrocketed thousands of percent on launch and added billions to the wealth of the soon-to-be first family. Both tokens now rank among the top 10 meme coins, with TRUMP placed 3rd with a market capitalization of $10.68 billion and $MELANIA 7th with a market cap of $1.74 billion, according to CoinGecko. The hasty development of $MELANIA, with its launch coming a little more than a day after $TRUMP, prompted criticism over the lack of planning and foresight from the team. Trump backer and former Messari CEO Ryan Selkis said that the president-elect sh...

In one of the most surprising announcements of this month, the incoming presidential administration has discussed the creation of a new crypto reserve focused on US-based assets. Indeed, it is a key part of the emerging shift to embrace the asset class. With Ripple (XRP) surging, the question needs to be asked: can a Donald Trump-led crypto reserve of that kind push the asset to $4.50? The last week has seen the token surge alongside a broader market rally. Moreover, with the US President-elect Trump set to be inaugurated next week, that ongoing surge doesn’t appear to be slowing any time soon. Although there are lofty ideas on the horizon, there could be massive implications if the incoming administration is able to make good on its reserve hopes. Source: CoinPedia Also Read: XRP Surpasses $3, Predicted to Hit $4 Soon? Ripple Targets $4 as Trump Discusses XRP & Solana (SOL) Reserve Although the early weeks of 2025 proved to be limiting for cryptocurrencies, things turned around t...

In what is certainly an interesting dilemma for the BRICS bloc and the asset class, Bitcoin has clearly evolved to become a key US dollar hedge amid the embrace of President-elect Donald Trump. Indeed, his alignment with cryptocurrencies has created a new kind of problem as he seeks to ensure the strength of the greenback on a global scale. Earlier this year, Trump issued a stark warning to the BRICS bloc specifically. The returning president threatened to issue 100% tariffs on imports for nations seeking to ditch the US dollar. However, he has also sought to embrace the country’s Bitcoin exposure while wanting to create a strategic BTC reserve. In the end, the asset could be key in lessening the international strength of US currency. Source: Watcher Guru Also Read: BRICS & US May Be Set to Race for Bitcoin Supremacy in 2025 Trump Creating New Problem as Bitcoin Seeks to Dethrone US Dollar Over the last year, the BRICS economic alliance has embraced de-dollarization in a massive w...

Bitcoin hit $106,400 in the early hours of December 16 Crypto trader believes the next three to four weeks are going to be significant for Bitcoin if history repeats Investors believe Bitcoin reaching $120,000 by the end of 2024 is achievable Bitcoin set a new all-time high above $106,000 following news that President-elect Donald Trump is considering plans to create a US Bitcoin strategic reserve. In the early hours of December 16, Bitcoin topped more than $106,400, according to data from CoinMarketCap. Bitcoin reaches over $106,000, setting a new all-time high. Source: CoinMarketCap At the time of publishing, Bitcoin has retraced slightly to $104,700. Over the past year, the world’s largest crypto asset has risen nearly 148% in value. Bitcoin’s previous high was set on December 5, hitting close to $104,000. News of Bitcoin’s rally comes as Trump announced he’s considering creating a US Bitcoin strategic reserve similar to its oil ...

A recent story indicates that XRP’s price could be on the brink of a breakout and reach $10 during the time Trump takes office on January 20, 2025. The crypto-friendly appointees handpicked by Trump for top US financial cabinet positions possess intensive knowledge of the digital assets sector. The development directly benefits Ripple as it’s the preferred choice for fintech payments for digital transactions globally. Also Read: Cardano: AI Predicts When ADA Will Breach Its All-Time High of $3.09 Leading banks have collaborated with Ripple to engage in smooth, secure, and seamless transactions. The development puts XRP directly in line for a price jump as it benefits from the global fintech shift. A handful of banks, including institutional funds, and hedge funds are incorporating fintech into their systems and processes. The Ripple Foundation is at the forefront of this change as it’s equipped with all the required technology. Also Read: Dogecoin Turns an Investment o...

One of the top-performing cryptocurrencies on the market right now is Dogecoin (DOGE). The memecoin has increased by 235.6% over the past month, 26.2% on the daily charts, 128.3% on the weekly charts, and 122.9% on the 14-day charts. Since November 2023, DOGE’s price has likewise gone up by 376.6%. The project is now the sixth-largest cryptocurrency project with a market capitalization of nearly $61 billion. Also Read: Trump To Appoint Pro-Crypto Candidates for Key Federal Agencies Source: CoinGecko Why Is Dogecoin Rallying? DOGE’s rally is likely due to a few developments that have taken place over the last few days. Firstly, Donald Trump won the U.S. Presidential election, triggering a market-wide rally. Bitcoin (BTC) hit a new all-time high earlier today and is inching closer to the $90,000 mark. Also Read: Microsoft: MSFT $13B Investment Called ‘Best Money Ever Spent’ Source – Bitcoin.com Secondly, Elon Musk, one of Trump’s most significant endorsers, wants t...