Chinese State Media Warns: USD Stablecoins Could Strengthen Dollar Hegemony
Media aligned with the Communist Party of China has expressed concern that U.S. dollar-backed stablecoins could further cement the global dominance of the U.S. dollar, especially as they become more integrated into virtual economies. The commentary argues that stablecoins link U.S. credit with digital innovation, potentially reinforcing dollar hegemony. In response, it calls on China to accelerate its stablecoin development and actively work to boost the global status of the Chinese yuan (CNY) in digital finance.
March 21, 2025 05:58:05 UTC
Binance Delisting 5 Tokens by March 28
Binance has announced it will delist and cease trading for the following tokens on March 28, 2025, at 03:00 UTC: Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA). The decision follows Binance’s routine asset review, which evaluates project activity, team commitment, liquidity, security, transparency, and regulatory compliance. Binance also revealed a new “Vote to Delist” feature coming soon, empowering users to weigh in—though it won’t apply to already-announced delistings.
March 21, 2025 05:44:12 UTC
Bitcoin, Ethereum and XRP Price Today
Bitcoin (BTC) hovers around $84,500 after a nearly 3% recovery this week, briefly peaking at $85,900 ahead of President Trump’s crypto speech. Though BTC dipped 4% post-speech, derivatives data suggests limited downside. Meanwhile, Ethereum and Ripple (XRP) show signs of support, hinting at a broader market rebound. XRP trades near $2.43 after rejection at $2.60, backed by 400% growth in network activity and rising investor confidence following the SEC dropping its appeal against Ripple.
The AI altcoins sector is expanding as artificial intelligence reshapes industries. With China’s ‘Manus’ AI making waves, blockchain projects integrating AI coins could see 30X growth. These tokens enhance automation, security, and smart contracts. As AI technology advances, AI altcoins are positioned for broader adoption, making them a crucial part of the growing cryptocurrency market.
AI Altcoins: Bittensor (TAO)
Bittensor (TAO) price has dropped 10% in the past week, reflecting a broader market decline. Currently trading at $266, the cryptocurrency is under watch for a potential recovery.
Bittensor integrates blockchain with artificial intelligence, aiming to revolutionize machine learning by fostering decentralization and accessibility. Its innovative approach positions it among AI altcoins with high growth potential.
As China’s ‘Manus’ AI makes waves globally, market analysts speculate on TAO’s future, anticipating significant shifts in AI-driven cryptocurrencies.
Fetch.ai (FET)
Fetch.ai (FET) is reshaping blockchain with its advanced machine-learning technology. The project expands artificial intelligence access, making it more usable across industries. At present, FET trades at $0.5857 after a 3% drop.
Over the past week, FET value fell by more than 7%. Despite this decline, FET recorded substantial growth over the past year. Meanwhile, interest in AI altcoins is rising. This AI tokens is gaining attention amid China’s Manus AI developments, which could push their value up significantly, making it the best altcoin to buy.
Kaito (KAITO)
Kaito AI token supports its ecosystem, which uses artificial intelligence to streamline crypto information. Introduced on February 20, 2025, the token is now available on major exchanges, including MEXC, enhancing accessibility for market participants.
Kaito price remains stable near the $1.73 mark, showing resilience after a period of volatility. The four-hour chart highlights key resistance levels at $2.50 and $3.00, with buyers maintaining pressure above the $1.70 support.
Momentum indicators suggest a potential shift in trend. The MACD line has crossed above the signal line, indicating early signs of bullish momentum. The RSI has recovered from oversold conditions, standing at 51, signaling a neutral stance.
A break above $1.75 could push the price toward the next resistance at $2.50. However, if the price fails to hold current levels, a drop toward $1.50 remains possible.
With the rapid evolution of AI, AI altcoins are becoming integral to blockchain ecosystems. As China’s ‘Manus’ AI gains traction, AI-powered cryptocurrencies could see a surge in demand despite the crypto market decrease. The intersection of AI and blockchain presents opportunities for technological expansion, making AI-driven digital assets a key area of focus in the cryptocurrency market.
Nasdaq-listed Bit Digital is the latest company to adopt the Ethereum standard, offloading all its Bitcoin holdings for the largest altcoin. The move has sent Bit Digital’s stock rallying by nearly 20% in a day as the company eyes becoming the largest Ethereum Treasury player Bit Digital Abandons Bitcoin For Ethereum Treasury According to a
On April 6, 2025, veteran US President Donald Trump fueled the economic competition between the globe’s two greatest economies by imposing a blanket 50% tariff on all imports from China.
Dubbed as “Liberation Day,“ the action was designed to bring new life to American manufacturing, but instead set off a financial chain reaction that spilled well outside of conventional markets right into the center of crypto.
Global Market reaction on Tariffs
The initial response was pandemonium in all financial markets worldwide. The MSCI Asia-Pacific Index dropped more than 3%, and the Shanghai Composite plummeted by 4.7% an indication of serious investor nervousness in China. European markets were not immune either: Germany’s DAX and the UK’s FTSE 100 fell under the weight of dented export expectations.
On the other side of the Atlantic, American indices plummeted. The Dow Jones Industrial Average fell 600 points, while the NASDAQ dipped close to 2.5%. The hardest hit were semiconductor and electronics firms depending heavily on Chinese production. Fear drove investors into havens, driving gold to a 12-month high and sending U.S. Treasury yields down.
Crypto Market Reacted
The crypto space, which many at one time praised as a hedge against macro dislocation, wasn’t immune. Bitcoin (BTC) dropped close to 9% in the first 48 hours after the news. Ethereum (ETH) followed suit, dropping more than 8%. Risk sentiment had well and truly turned, and the digital asset market, inextricably linked to global investor sentiment, was subjected to sharp liquidation.
Asia-specific tokens such as NEO (baptismally referred to as the “Chinese Ethereum”) and VeChain (VET), which is associated with larger Chinese logistics and supply chain companies, experienced gruesome declines falling 12% and 15% respectively. Even US-preferred instruments were not exempt: Solana (SOL) fell by 10%, most of its drop coming courtesy of its extreme vulnerability to DeFi and institutionality trading.
While it was Layer-1 blockchains that bore the bulk of the blow, stablecoins were not spared either. Tether (USDT) redemption volumes spiked, particularly on Asian exchanges such as Binance and OKX, indicative of a flight to cash. Decentralized exchanges (DEXs) such as Uniswap and PancakeSwap, on the other hand, experienced major volume declines, indicating that retail investors were taking liquidity out of the market instead of trading the dip.
So why did stocks and crypto sell off in sync?
For one, crypto remains a speculative asset class. During periods of uncertainty, speculative assets are the first to be dumped. Second, big institutionals now control a significant proportion of crypto volume. These institutions play macro strategies—when fear increases, their capital reverses and moves to safer bets such as cash, gold, or short-term government bonds.
Worsening the situation further were early rumors of capital controls in Hong Kong and Singapore two key crypto hubs. Speculation that regulators might restrict crypto transactions to control capital flight led to further panic, especially among investors based in Asia.
As Bitcoin struggled, gold shone again. The Gold Shares (GLD) ETF recorded its largest one-day inflow in half a year. U.S. manufacturing ETFs experienced fleeting optimism, but most high-growth technology stocks particularly chipmakers such as Nvidia and TSMC got hammered.
In the cryptocurrency universe, those with lesser geographic and trade exposure performed better. Chainlink (LINK), which is decentralized in its oracle infrastructure, lost less than most, and some investors predicted that utility-based tokens would provide more stability in macro-driven routs.
Tariffs drama continuous
The tariff drama is more than politics it’s a stress test of the old and new economy. It demonstrated to us that crypto isn’t this digital island nation that is in some way proof against real world events. Whenever systemic risk beckons, any asset be it fiat, gold, or crypto adapts.
It also reshaped the narrative around Bitcoin’s “digital gold” thesis. While it has outperformed in some local crises (like inflation in Argentina or sanctions on Russia), in a globally synchronized panic, Bitcoin failed to serve as a safe haven. That doesn’t diminish its long-term value proposition, but it’s a reminder: we’re not there yet.
While the world grapples with this latest kick in the teeth of the U.S.–China dynamic, investors and crypto fans will have to reset expectations. Volatility is the new normal, yet in that chop is opportunity.
Builders will redouble efforts on decentralization. Regulators will catch up on how essential good crypto standards are. And investors if smart will learn to hedge risk, control emotions, and diversify better.
After all, Bitcoin was the product of a crisis. Perhaps this one will be the crucible out of which fresh innovation emerges once more.
The post Tariff Turmoil: How Trade Wars Are Shaking Global and Crypto Markets appeared first on Coinpedia Fintech News
On April 6, 2025, veteran US President Donald Trump fueled the economic competition between the globe’s two greatest economies by imposing a blanket 50% tariff on all imports from China. Dubbed as “Liberation Day,“ the action was designed to bring new life to American manufacturing, but instead set off a financial chain reaction that spilled …