US President Donald Trump announced plans to impose a 50% tariff on all goods imported from the European Union, effective from June 1. The announcement has caused some nervousness in the crypto market, as earlier bullish momentum has corrected.
The proposed tariffs come in response to what Trump described as persistent trade imbalances and regulatory barriers. He accused the EU of maintaining unfair trade practices that have harmed US businesses.
Long-Short Ratio Shows Market Confusion
Bitcoin dropped to $108,000 following the announcement, down from a session high of $111,000. It has since recovered to around $109,000 but remains under pressure. The overall crypto market is down 4% over the past 24 hours.
Data from Coinglass shows $64.13 million in crypto liquidations over the last four hours. Long positions accounted for $34.05 million, while short positions made up $30.09 million.
Bitcoin alone saw $24.4 million in liquidations, with Ethereum at $15.16 million.
Meanwhile, Bitcoin’s long-short ratio remains almost equal, which shows a short-term uncertainty in the market’s direction. Yesterday, Bitcoin long positions dominated the charts at 54%.
Bitcoin Long-Short Ratio Over the Past Month. Source: Coinglass
Solana, XRP, and several altcoins also experienced sharp volatility, reflecting heightened volatility across the board.
Analysts warn that the tariff announcement could be the start of broader economic disruption. European stock indices fell sharply, and US tech shares also faced selling pressure.
The trade war is back:
After a brief pause, Trump just threatened 50% tariffs on the EU beginning June 1st and 25% tariffs on Apple.
In 5 days, the S&P 500 has erased -$1.5 trillion of market cap.
What’s next? Here’s why you NEED to watch the bond market.
— The Kobeissi Letter (@KobeissiLetter) May 23, 2025
In crypto, the liquidation heatmap reflects a market caught between downward fear and upward retracement attempts.
The situation is fluid. If the tariff threat escalates into a full trade dispute, risk assets, including cryptocurrencies, may face additional headwinds. Traders are watching closely for any EU response or signs of negotiation.
In the past 24 hours, 162,419 traders were liquidated, totaling $567.65 million. While crypto has often acted as a hedge during traditional market stress, today’s moves show it is not immune to global policy shocks.
Volatility may persist as geopolitical uncertainty mounts.
GRVT co-founder Hong Yea left behind a rising executive career at Goldman Sachs to launch a hybrid crypto exchange as the market collapsed.
Four months after the mainnet, it has processed over $5 billion in volume. Yea tells BeInCrypto how his Wall Street roots helped engineer a decentralized trading powerhouse.
A Leap of Conviction in a Market on Fire
When Hong Yea left a decade-long career at Goldman Sachs, where he had risen to executive director, crypto markets were in freefall. It was late 2022, and FTX had just collapsed.
Confidence in centralized platforms had evaporated. But for Yea, the implosion was not a deterrent—it was validation.
“FTX crystallized our thesis. Centralized counterparties are single points of systemic failure. We saw that coming—and built GRVT to be the opposite,” Yea told BeInCrypto in an interview.
That conviction would be tested. While former colleagues moved toward managing director promotions and fatter bonuses, Yea built a next-gen exchange from scratch. One that would fuse institutional-grade speed and compliance with the decentralization ethos of Web3.
Today, just four months after its public mainnet launch, GRVT has processed over $5 billion in trading volume.
It is the first licensed decentralized exchange (DEX) under Bermuda’s Class M framework and one of the few platforms bridging Wall Street’s rigor with blockchain’s permissionless infrastructure.
Why a Goldman Exec Bet on Blockchain
For Yea, the pivot was not sudden. A trader by training, he spent years inside Goldman watching promising financial products die behind walled gardens.
“I saw brilliant tools and strategies that never reached beyond institutional silos. At the same time, DeFi lacked the risk controls, performance, and compliance needed to scale. I realized: if we could combine both worlds, we could unlock finance for everyone,” he explains.
The spark came at a 2022 crypto conference in Barcelona. Yea saw clearly that blockchain was not just speculative—it was a superior substrate for finance.
“It’s like a smarter internet. Not just for data, but for logic. Immutable, programmable, global. That’s what finance needs,” he articulates.
The Hybrid Advantage: CEX Speed Meets DEX Trustlessness
In the interview, Hong Yea presented GRVT as a purpose-built hybrid, not a traditional DEX or a centralized exchange with a Web3 gloss.
The platform, he said, separates matching and risk logic off-chain from settlement and custody on-chain. With this, users get the speed of centralized venues without ceding control of their assets.
“Every trade is executed with sub-millisecond latency, but settled on-chain via smart contracts that never touch user funds. It’s trustless execution at institutional speeds,” Hong Yea remarked.
Users sign trades cryptographically using SecureKey technology, which combines multi-party computation (MPC) with biometrics for maximum safety. At the same time, onboarding feels like Web2—email, password, 2FA.
Behind the scenes, GRVT’s zero-knowledge chain ensures privacy while keeping settlements transparent. Crucially, the platform allows users to instantly rehypothecate margin across markets—an edge even legacy prime brokerages rarely offer.
GRVT’s “CeDeFi” architecture combines off-chain order matching and risk management with on-chain self-custodial settlement using a private zk-powered Validium chain. It eliminates intermediaries, avoids on-chain custody fees, and enables users to maintain sole control of their assets.
“Trades execute in sub-millisecond latency but clear trustlessly in users’ own wallets,” Yea said.
This design directly targets the weaknesses of both CEXs and DEXs:
CEXs offer convenience and speed but force users to relinquish custody, introducing counterparty risk.
DEXs provide transparency and control but suffer from latency and fragmented liquidity.
GRVT bridges that divide. Users sign trades with biometrics via a SecureKey while all assets remain in their wallets.
“We blend Web2 login flows with cryptographic controls and one-click trade signing,” Yea explained. “It’s the speed of Binance with the self-custody of Uniswap—minus the trade-offs.”
$5 Billion in 120 Days With Regulation As The Blueprint
According to Hong Yea, GRVT’s explosive growth was engineered through raw performance, ecosystem incentives, and early partnerships. Its matching engine operates with latency under 10 milliseconds, outpacing Ethereum-based DEXs, Solana (SOL), and even newer Layer 2 solutions.
However, it is not just about speed. GRVT rewards market makers, community contributors, and liquidity providers, and creates a balanced, multi-stakeholder system.
Reportedly, more than 40 institutions, including CoinRoutes and top prime brokers, now trade on GRVT, injecting deep liquidity from day one.
Moreover, in a post-FTX playing field, the timing is opportune. Retail users demand transparency; institutions demand compliance. GRVT meets both demands without compromise.
“We’re not a niche. We’re a bridge. Retail wants safety, institutions want access. We offer a platform where both can trade on equal footing,” Yea added.
While most DEXs attempt to dodge regulation, GRVT leaned in. It became the world’s first licensed DEX under Bermuda’s Digital Asset framework.
“We treat compliance as code. Our chain enforces KYC and trade surveillance at the protocol level. That’s not just policy—it’s unbreakable,” Yea emphasized.
Reportedly, GRVT is now in active discussions with regulators across Asia, Europe, and North America, working toward multi-jurisdictional licensing for a globally compliant rollout. Yea believes this regulatory adoption is not a constraint but a critical enabler.
“Rules aren’t the enemy—they’re the gateway to institutional trust,” he stated.
Meanwhile, GRVT’s vision does not end with crypto trading. Yea sees a future where tokenized real-world assets (RWAs), including equities, funds, and institutional strategies, trade peer-to-peer (P2P) on a decentralized, composable platform.
“Wall Street is warming up. However, this time, they will come not to dominate, but to integrate,” Yea concluded.
Building long-term trust on a blockchain may seem like a leap for a trader who once priced risk in microseconds. However, for Hong Yea, it was a calculated trade—and so far, it is paying off.
Shiba Inu trades price near $0.00001500, up about 8% this week and more than 30% this month, still below January’s $0.000024 peak.
Price keeps nudging higher, but one band keeps sending it back. To judge if this move can stretch, it helps to know if holders are really cashing out and whether momentum is actually building.
SOPR Is Flat Because Weak Holders Are Exiting at Break-Even Or Lower
Profit taking is what usually stalls a rally, so the Spent Output Profit Ratio (SOPR) matters here. SOPR shows if coins sold on-chain are in profit (>1) or loss (<1).
It is around 1.0 currently after weeks below that line. Back on April 30, SOPR dropped to roughly 0.72 when price was near $0.00001327. Price then climbed about 28% to around $0.00001700 while SOPR drifted back toward 1.0.
On June 16, SOPR sank even lower to about 0.69 with price near $0.00001188. Price later rose roughly 30% to about $0.00001546 and SOPR again moved toward 1.0. SHIB’s SOPR dipped again to 0.83 two days earlier. The corresponding price upside is still pending.
The data shows coins being spent are near break-even or at a loss, not big profit. Despite the price rise, it implies weaker hands are leaving quietly, thinning supply above.
Historically, real pullbacks started when SOPR pushed clearly above 1.0 while price stalled. That has not happened yet.
RSI Shows Buyers Gaining Strength Under the Surface
A move needs momentum to carry through, so the Relative Strength Index (RSI) is checked next.
RSI measures the strength of recent price moves on a 0–100 scale. Since mid-June, the daily RSI has made a small higher high, while the price has made a lower high. That bullish divergence says momentum is improving faster than price.
Even though the RSI divergence is barely there, it hints at growing momentum, positive for the Shiba Inu price action.
This means buyers are getting stronger even though the price has not broken out. If RSI keeps rising and price follows, the breakout chance increases. If RSI turns down while price stalls, the move can pause.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Shiba Inu Price Levels Decide If the 45% Target Opens
Levels are needed to confirm what the indicators suggest. The main ceiling is $0.00001587, a level that has been rejecting the Shiba Inu (SHIB) price for a while now.
A daily close above $0.00001587 could push SHIB price to $0.00001746 (roughly 16% higher) and then $0.000022 (roughly 45% higher). However, SHIB price would still need to first cross above the psychological resistance of $0.000020 before heading higher, a 33% from the current level.
Note: Not many technical resistance levels exist once the Shiba Inu price manages to cross $0.00001746
On the downside, $0.00001463 is the first level to hold, followed by $0.00001375, the 0.5 Fibonacci level. The bullish view weakens fast if the price falls under these levels while SOPR jumps above 1.0. That would show profit sellers finally stepping in.
Fibonacci extension levels are used because they mark common pullback and target zones that traders act on.
Coinstore, a leading global cryptocurrency exchange, has announced its participation in TOKEN2049 Dubai, one of the world’s premier crypto and Web3 industry gatherings taking place from April 30 to May 1, 2025. Beyond the booth, Coinstore will host an exclusive Brand Conference and Afterparty, bringing together partners, community leaders, influencers, and media representatives from across the global Crypto ecosystem.
On April 29, 2025, from 10:00 AM to 6:00 PM, Coinstore will host its “CONNECT & INNOVATE” conference at the DUKES THE PALM HOTEL in Dubai. The event will bring together global Web3 industry leaders, top investment institutions, innovative project teams, and technical developers to explore the future potential and collaborative opportunities in the crypto industry.
The conference will feature 10 keynote speeches from renowned Web3 thought leaders covering industry trends, technological evolution, and ecosystem development, alongside 5 panel discussions focusing on hot topics like AI+Crypto, RWA, DeFi, and infrastructure development.
With over 200 industry participants from exchanges, investment institutions, developers, and project teams expected to attend, the event will be simultaneously livestreamed on YouTube to maximize global reach and supported by more than 50 mainstream media outlets for multichannel, multilingual distribution.
As an integral part of its Dubai tour, Coinstore will establish a distinctive booth at the TOKEN2049 main venue (P39, Madinat Jumeirah) from April 29 to May 1. The booth design incorporates creative bar and mixology elements, cleverly conveying the platform’s openness, liquidity, and user-friendly attributes while providing visitors with an immersive crypto experience.
Gilded Mirage Afterparty
As the grand finale of our Dubai expedition, Coinstore is hosting the Gilded Mirage afterparty on May 1, 2025, from 5:00 PM to 8:00 PM at the Twenty Three Rooftop Bar.
This meticulously planned event offers attendees a networking platform that transcends conventional conference formats. Against the backdrop of the city’s night skyline, participants can engage in natural conversations with Coinstore’s leadership team, global investment firm representatives, and key industry figures in a relaxed and pleasant atmosphere. The setting encourages the exchange of ideas and exploration of collaborative opportunities.
This rare occasion allows you to expand your professional network and deepen industry partnerships while unwinding in an elegant setting.
“Dubai has established itself as a crypto-friendly hub with forward-thinking regulations,” added Johnson, CEO at Coinstore. “TOKEN2049 provides the perfect backdrop for us to showcase our platform innovations and strengthen relationships with partners who share our vision of a more open and accessible financial future.”
The event’s co-organizers include KIOS, SCROLL, and Genezys. with DUX as the Diamond Sponsor.Gold Sponsors include BID, USA, Global Dollar, Opt Blockchain, OZK, IRON, ZELF, DEBC, MIST, TQF, TELcoin, Intelace, and ETHI.
With special thanks to Yido Labs, RWA, NOW, and IVT.
Media coverage for the event is supported by partners including MetaEra, PA News, Techflow, Droom Droonmom, The News Crypto, Coinedition, Coin Gabbar, Lacademy, Geekmetaverse, All Confs, Voice Of Crypto, 36Crypto, and others.
About Coinstore
Accessibility. Security. Equity.
As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 10 million users worldwide, more than 1,100 listed tokens including 100+ premium digital assets. Coinstore is dedicated to providing secure, professional, and accessible digital asset trading service.
As a pioneer in Launchpad, Coinstore’s Launchpad have shown remarkable performance, with an average ROI of prime exceeding 1,200%. Coinstore, the first choice for the initial launch.
