Author: Tristan Lodenberg

The Supreme Court of the United States has struck down most of former President Donald Trump’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA), ruling that the executive branch lacks authority to levy broad tariffs during peacetime under the statute. In a 6–3 decision, the court said IEEPA does not authorize the president to impose tariffs and noted that no previous administration had used the law in this manner in its five-decade history. SCOTUS Rules IEEPA Does Not Authorize Tariffs The majority opinion emphasized the absence of historical precedent and rejected arguments that trade imbalances and drug trafficking…

BGD Labs, a key technical contributor to the decentralized finance protocol Aave DAO, has announced it will conclude its involvement with the project on April 1, marking the end of a four-year collaboration. The decision signals a significant shift within the governance and development structure of the Aave ecosystem. Aave DAO Governance Tensions and Strategic Differences In a forum statement, BGD Labs cited what it described as an “asymmetric organizational scenario” and raised concerns about how recent changes within the DAO were executed. The team argued that development around Aave’s third version (v3) had encountered implicit and explicit constraints, particularly…

US President Donald Trump announced a new 10% global tariff hours after the Supreme Court of the United States ruled that he cannot use emergency powers to impose tariffs during peacetime. The decision curtails the administration’s reliance on the International Emergency Economic Powers Act (IEEPA) as a legal basis for sweeping trade measures. 10% Global Tariff Under Trade Act Authorities Speaking at a press conference, Trump criticized the court’s ruling and said the administration would shift to alternative statutory tools. He confirmed that tariffs imposed under Section 232 of the Trade Expansion Act of 1962 and Section 301 of the…

Bitcoin traded near $67,000 following a U.S. Supreme Court decision that ruled certain trade tariffs imposed under the International Emergency Economic Powers Act were unlawful. While the ruling sparked modest gains in U.S. equities, the response in crypto markets remained subdued. Market participants quickly speculated about potential tariff refunds that could total as much as $150 billion. However, the broader risk-asset reaction was limited, as parts of the tariff framework remain intact under the court’s interpretation. US Inflation and Rate Cut Expectations Weigh on Sentiment The macro backdrop added further pressure. The Personal Consumption Expenditures index rose to 3%, its…

Glassnode reports that Bitcoin has entered a corrective phase after falling below its “true market mean” near $79,000 in late January a key onchain valuation level tied to the active supply cost basis. Since then, Bitcoin has traded within a dense demand zone between $60,000 and $69,000, an area heavily accumulated throughout 2024. Many coins purchased in that range have now aged beyond one year, placing a significant cohort of holders near breakeven. This concentration of supply appears to be acting as support, limiting deeper selloffs in the short term. However, historical cycle data suggests that deeper bear phases often…

XRP is trading near $1.43 as market volatility sinks to levels last seen in mid 2024, a period that preceded a significant rally. The token has declined roughly 61% from its all time high, but recent price action shows signs of stabilization rather than continued aggressive selling. Historical volatility has dropped to 96, matching readings from June 2024 when XRP formed a base before trending higher later in the year. Analysts say the current environment reflects compression, with declining volume suggesting consolidation rather than renewed distribution. Key Support and Resistance Levels to Watch Technical traders identify $1.39 as critical support…

Bitcoin continues to trade below a critical onchain valuation threshold, reinforcing concerns that the market remains in a broader consolidation phase. According to recent analysis from Glassnode the asset has broken beneath its “True Market Mean,” currently near $79,000 a level that reflects the aggregate cost basis of active supply and historically separates expansionary trends from compression regimes. With that breakdown confirmed, analysts now frame a structural range between $79,000 and the Realized Price near $54,900, which represents the average acquisition cost of all circulating coins. At roughly $67,700, Bitcoin remains lodged within this corridor, lacking the momentum required for…

The circulating supply of Tether (USDT) is on track for its steepest monthly contraction since late 2022, as blockchain data shows intensified redemptions from large holders. USDT supply has fallen by roughly $1.5 billion in February, following a $1.2 billion decline in January. If the trend continues, it would mark the largest monthly drop since December 2022, when supply shrank by $2 billion in the aftermath of the FTX collapse. With a market capitalization near $183 billion, USDT accounts for approximately 71% of the global stablecoin market. Because it serves as a primary liquidity bridge between fiat and crypto markets,…

Democrats on the House Financial Services Committee are seeking answers from Treasury Secretary Scott Bessent regarding regulators’ review of World Liberty Financial’s application for a national trust bank charter. In a letter led by Representative Gregory Meeks, 41 House Democrats cited concerns about systemic risk, foreign ownership and potential political influence over the chartering process. The company is reportedly pursuing approval from the Office of the Comptroller of the Currency to operate as a national trust bank and issue a dollar-backed digital token. Lawmakers pointed to reports that a senior royal from the United Arab Emirates acquired nearly half of…

The White House has reportedly narrowed discussions between crypto firms and banking lobby groups around how stablecoin rewards should function under pending U.S. market structure legislation. The latest meeting, held this week, marks the third round of talks in just over two weeks as lawmakers push to advance a comprehensive crypto framework. White House crypto adviser Patrick Witt steered negotiations toward a compromise that would allow third parties, including exchanges, to offer stablecoin rewards tied strictly to transaction activity rather than interest on idle balances. Executives from Coinbase and Ripple described the discussions as constructive, though no final agreement was…