4 hours ago
As the Trump pump turns into a slump, Ripple’s XRP is the holdout, keeping the majority of its post-election gains as the other top five cryptocurrencies have lost most of theirs. On Nov. 4, one day before the Presidential election, XRP sat at $0.50. Today it sits at $2.46, up 392%. That’s down substantially from its $3.31 high on Jan. 17, according to CoinGecko, but it’s still a huge gain from its pre-election price. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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Polymarket Traders Bet on Canadian Tariff Cuts After Lutnick Hints at Negotiations
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There`s a 70% chance that the trade war between Canada and the U.S. will be over by May, according to odds on a Polymarket contract on the topic , as Commerce Secretary Howard Lutnick told Fox Business that U.S. President Donald Trump was open to negotiation. On Tuesday morning, Canada and Mexico faced the implementation of 25% tariffs on all products entering the U.S., with President Trump citing their failure to curb fentanyl trafficking and illegal immigration as a national security threat. But later in the day, Lutnick appeared to offer a potential avenue for negotiation, with odds rising 20% in a few hours on Polymarket. I think [Trump is] going to work something out with them," Lutnick said. "It’s not going to be a pause, none of that pause stuff, but I think he’s going to figure out: you do more, and I’ll meet you in the middle someway and we’re going to probably announce that tomorrow." Lutnick`s comments also appeared to calm crypto markets on `Turnaround Tuesday` with bitcoin (BTC) up 1.5% and trading comfortably above $87,000, according to CoinDesk Indices data . The CoinDesk 20 (CD20) , a measure of the performance of the world`s largest digital assets, is up 2% on the news. The Defiant
Trump’s Crypto Summit: What Is It, Who’s Going, and Why the `Crypto Council` Fell Apart
Everything you need to know about the White House crypto summit on Friday and how we got here. The Defiant
