Laleska

It may recover its value

Changing them to USDC has better performance

"Trump's Tariff Shock: Cryptocurrencies in Freefall"

The cryptocurrency market suffered a severe blow following US President Donald Trump's declaration of a national emergency and the imposition of across-the-board tariffs on all countries, marking a new chapter in the ongoing trade war.

The Trump administration announced a 10% tariff applicable to all nations starting April 5. However, some countries face significantly higher rates: China will face a 34% tariff, the European Union a 20% tariff, and Japan a 24%. During an April 2 speech in the White House Rose Garden, Trump justified these measures by stating that the United States is charging countries "about half of what they are charging us and have been charging us."

Initially, the cryptocurrency market reacted optimistically to the news of the across-the-board 10% tariff, but the enthusiasm quickly faded as the full scope of the measures became known. Bitcoin, which had reached a session high of $88,500, fell 2.6% to around $82,876. Ethereum (ETH) suffered an even steeper decline, losing more than 6% and dropping from $1,934 to $1,797. Overall, the total cryptocurrency market capitalization fell 5.3% to $2.7 trillion.

Stock markets were also severely affected. The S&P 500 Index lost more than $2 trillion in market capitalization, equivalent to a staggering $125 billion per minute.

Disclaimer: The information provided herein is for informational purposes only and should not be construed as financial advice or a recommendation to invest. Any investment decision or trading activity involves inherent risks, so it is critical that each individual conduct thorough research and carefully consider their circumstances before making any financial decisions.

#TrumpTariffs #VoteToListOnBinance #article

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TON will present a scalability solution that will be based on the Polygon network

As you know, The Open Network (TON) is a network of cryptocurrencies and tokens dedicated to the execution of smart contracts. Last year, TON obtained high acceptance and recognition. Also, the integration of various TON dApps with the Telegram messaging application provided great usability on the network.

Taking into account that the TON network will continue to rise, and that this could cause unwanted congestion in the future, it was announced that the TON development team will present its own second layer network, which will be based on the network technology from Polygon.

This new network, which will be titled TON Applications Chain (TAC), will be compatible with the Ethereum Virtual Machine (EVM), this means that all applications developed for Ethereum and related networks such as Polygon, BNB Chain, Arbitrum, Optimism, etc., They can be used in this second layer of TON.

It has not yet been made public whether TAC will use the TON cryptocurrency for commission payments or launch its own token.

#ton #ton_blockchain #blockchain

Tron is developing a digital dollar project without transaction fees

Transaction fees may be covered by the stablecoin itself instead of using gas tokens. The announcement was made by the founder of the Tron network and its native cryptocurrency TRX, Justin Sun, and is expected to launch in Q4 2024. According to Sun, the team is working on a new solution instead of paying TRX tokens as gas. , this crypto asset will fully pay fees for peer-to-peer transactions.

However, Justin Sun has not provided a precise explanation of how the mechanism works. He also did not mention whether it will be relevant to stablecoins that already exist (such as USDT, the main stablecoin that exists on Tron) or if new stablecoins are planned to be launched with this feature.

The new technology will be implemented on Tron first. Afterwards, it will support Ethereum and all netw$USDC $orks supported by the Ethereum Virtual Machine (EVM). The founder of Tron has expectations of more advances in the cryptocurrency industry like this, since they are essential for cryptoassets to become more popular and gain greater usability.
Fuente imagen: Vecteezy

#Tron #trx #Ethereum #GAS