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Trump’s call for Powell to resign after Fed Governor Kugler’s exit is fueling political pressure, but markets expect Powell to stay. Trump Pressures Powell to Resign as Fed Vacancy Opens Early Fed Governor Adriana Kugler has resigned, giving Donald Trump a chance to reshape the Federal Reserve’s policy direction. Her resignation takes effect on August
The post Is Powell Next As Fed Governor Adriana Kugler Resigns? appeared first on CoinGape.
With the renewed interest in XRP as its market activity increases in 2025, many holders are looking for alternative strategies to make use of their assets. While XRP itself is a pre-mined coin and cannot be mined directly, there are platforms offering a workaround through cloud mining models that accept XRP as a means of payment.
Using XRP for Cloud Mining: A Practical Overview
As market activity increases in 2025, interest in XRP has rekindled, and many holders are looking for other strategies to leverage their assets. Although XRP itself is a pre-mined coin and cannot be mined directly, the Ripplecoin Mining platform provides a new solution:
You can use XRP to pay for cloud computing power, and the platform will invest this computing power in mineable currencies (such as BTC, DOGE, LTC), and the generated income will be automatically distributed to you daily. Then you can choose to exchange these coins back to XRP, thus forming an efficient cycle of “XRP launch → multi-coin output → then back to XRP”.
Highlights of the platform’s core functions
Available Mining Contracts
| Contract Size | Duration | Daily Return | Total Return |
| $100 | 2 Days | $5 | $110 |
| $500 | 5 Days | $6 | $530 |
| $3,000 | 12 Days | $43 | $3,518 |
| $8,100 | 21 Days | $126 | $10,737 |
| $50,000 | 30 Days | $860 | $75,800 |
| $105,000 | 42 Days | $2,100 | $193,200 |
Note: These figures are based on the platform’s published data. Users should independently verify terms and conditions.
Getting Started: Step-by-Step
No longer just holding coins and waiting, use XRP to increase the value of crypto assets
While most XRP holders are still waiting for the next price breakthrough, truly smart investors have begun to use XRP to create daily income sources and accumulate firepower for the next market outbreak.
In the crypto world, the real value is not “buy and wait”, but to continue to create income and options during the waiting process.
Ripplecoin Mining provides such an opportunity for XRP holders
For more details, please visit the official website or (click to download the mobile APP)
The post How XRP Holders Can Earn Daily Income Using RIPPLECOIN Mining Cloud Mining Service appeared first on BeInCrypto.
The International Monetary Fund (IMF) had previously confirmed that El Salvador is upholding its commitment to halt Bitcoin accumulation within its public sector.
Yet, on-chain data reveals a different reality that the Central American nation is continuing to grow its Bitcoin reserves quietly.
In an April 26 press briefing, Rodrigo Valdes, Director of the IMF’s Western Hemisphere Department, stated that El Salvador is complying with the agreed non-BTC accumulation policy.
“In terms of El Salvador, let me say that I can confirm that they continue to comply with their commitment of non-accumulation of bitcoin by the overall fiscal sector, which is the performance criteria that we have,” Valdes stated.
Valdes also highlighted El Salvador’s ongoing governance and transparency reform efforts, describing them as strong and encouraging steps forward.
“The program of El Salvador is not about bitcoin. It’s much more, much deeper in structural reforms, in terms of governance, in terms of transparency. There is a lot of progress there. And also, on fiscal. And authorities have been making a lot of progress implementing the reform,” he continued.
Beyond BTC, Valdes stressed that fiscal reforms are another priority for El Salvador. These measures could unlock access to as much as $3.5 billion in financial assistance, potentially boosting private sector investments and supporting sustainable economic growth.
El Salvador’s efforts are tied to its December 2024 agreement with the IMF for a $1.4 billion loan. As part of the deal, the financial regulator required the government to revise its Bitcoin policies.
These changes included removing mandatory BTC acceptance for merchants, ending Bitcoin-based tax payments, and scaling back the Chivo wallet project.
However, despite the IMF claims, blockchain data shows El Salvador has not paused its Bitcoin activities.
On April 26, the country’s National Bitcoin Office reported that El Salvador has purchased 8 BTC during the past week and 31 BTC over the past month.
These acquisitions have pushed El Salvador’s total BTC holdings to 6,159 BTC, valued at over $580 million at the time of writing.
This represents a staggering 99.93% profit on the approximately $155 million acquisition cost of the country, according to NayibTracker data.
Stacy Herbert, Director of the National Bitcoin Office, emphasized that El Salvador will continue to expand its strategic Bitcoin reserve.
She explained that this move helps the country maintain its first-mover advantage in the crypto space.
“El Salvador continues front-running the rest of the world by adding to its Strategic Bitcoin Reserve. First mover advantage intensifies,” Herbert said.
Meanwhile, the country’s embrace of emerging technologies continues to attract international attention. Stablecoin issuer Tether recently relocated its headquarters to El Salvador, praising the nation’s favorable regulatory environment.
In addition, El Salvador recently signed a letter of intent with AI leader NVIDIA to develop sovereign artificial intelligence infrastructure. This move will strengthen its position as a rising innovation hub in Latin America.
The post El Salvador Increases Bitcoin Holdings Despite IMF Focus on Fiscal Reforms appeared first on BeInCrypto.
India decided to introduce retaliatory measures against Trump tariffs after the US President decided to raise duties on steel and aluminum imports. The announcement comes just as US-China trade deal sees positive development, raising doubts over America’s China plus one policy.
US President Donald Trump has dialed back significantly on the U.S.-China trade war after raising 145% in April. On the other hand, the progress on US-India trade talks seems to hit a barrier as India plans to put tariffs on several products as a retaliatory response to Trump tariffs on US steel and aluminum imports.
In March, the United States introduced a 25% tariff on steel and aluminum imports. As the world’s second-largest crude steel producer, India informed the WTO that these tariffs would impact $7.6 billion worth of Indian exports to the US.
The US-India trade war tensions escalated at a time when the two countries were discussing a Bilateral Trade Agreement (BTA), which is likely to conclude on July 8. This will be just before the 25% Trump tariffs kick in on Indian imports into the US, considering the 90-day grace period.
With President Trump announcing agreements with the UK and China over the past week, India, a key economic partner, waits on the sidelines. On Monday, Trump declared a “total reset” in the US-China Trade deal following the public release of the trade deal details between the two nations.
This could potentially impact India’s competitive edge in attracting global firms willing to relocate from China. This dialing back of Trump tariffs on China undermines the “China Plus One” strategy.
Amid these broader macro developments, crypto market continues its upside, with Bitcoin price bouncing back 2% to $103,500, after dropping back on Tuesday. Altcoins are staging even greater strength with Ethereum (ETH) leading the pack with 9% gains. Other top altcoins like XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) have gained 4-10% today.
The post Trump Tariffs: India Slaps Back Amid US-China Trade Deal appeared first on CoinGape.