26 May 2025, 00:16

US and Japanese stocks surge as gold and dollar plunge after Trump agrees to postpone Europe tariffs

Stocks in both the United States and Japan climbed hard on Monday after President Donald Trump said he would delay the 50% tariffs he previously threatened on goods from the European Union. He made the announcement late Sunday, pushing the original June 1 deadline to July 9. Data from Bloomberg shows that this delay instantly lifted US equity-index futures, reversing some of the damage done Friday when Trump had first dropped the threat. S&P 500 futures jumped 0.9% and Nasdaq 100 futures went up about 1% after the announcement. That bounce followed a rough close to last week when those same contracts dropped sharply in response to Trump’s tariff warning. Before the extension, futures for Japan, Australia, and Hong Kong had already been trading lower in early Asia sessions, echoing the Friday mood on Wall Street. Trump threats drag gold down, lift the dollar Trump’s Friday move wasn’t just about the EU. He also said he’d slap a 25% tariff on smartphones if companies like Apple Inc. and Samsung Electronics Co. didn’t start producing inside the US. That aggressive talk didn’t go unnoticed. The dollar, which had just sunk to its lowest point since December 2023, climbed early Monday. At the same time, the yen and Swiss franc, which had surged on Friday’s uncertainty, both retreated. Gold didn’t hold up either. The metal had gained 1.9% on Friday from traders looking for safety, touching $3,357 per ounce, but by Monday, spot gold was down 0.3% at $3,346.89/oz. Analysts said that even though the delay lowered short-term panic, concerns are still high over the US fiscal position. Those fears got worse after Moody’s Ratings took away the US’s top-tier credit grade this month, citing Trump’s latest tax bill that passed the House of Representatives last week and is now with the Senate. Meanwhile, the Treasury market showed little movement Friday. Yields had shot up earlier in the week as traders tried to figure out how much damage Trump’s new tax breaks might do to the national debt. Treasuries were closed Monday for a US holiday, giving investors a brief pause ahead of more data. The next big report comes Friday when the Federal Reserve releases its preferred inflation metric, the Personal Consumption Expenditures Price Index (excluding food and energy). Economists are looking for a 0.1% rise for April. US Steel deal, Japan negotiations, and shipping worries Friday also brought a curveball: Trump announced a deal between United States Steel Corp. and Japan’s Nippon Steel Corp.. The move stunned traders. Trump said the agreement would help keep US Steel in America, but gave no further details. Still, it was enough to send US Steel shares up 21.2%. Meanwhile, Nippon Steel’s ADRs rose 1.7%. Japanese stocks may stay volatile. After Trump’s comments, the yen weakened, which tends to support local exporters. But anxiety over Europe and Apple’s exposure remains. Shoji Hirakawa, chief global strategist at Tokai Tokyo Intelligence Lab, said Monday, “Japanese stocks are likely to start lower today due to concerns over tariffs on Europe and Apple, but the decline is expected to gradually narrow.” The Nikkei 225 futures touched 37,210 on the Chicago Mercantile Exchange, slightly higher than the last close of 37,160.47. Behind the scenes, Japan’s top trade officials are trying to close out negotiations before Trump sits down with Prime Minister Shigeru Ishiba in June. Hirakawa also said, “Given that tariffs negotiations between Japan and the US are ongoing, it’s clear that compared to two months ago, the situation is moving toward a resolution. Stocks could turn positive.” Capital Economics thinks Trump might be bluffing. “At this stage, we are not inclined to change our working assumption that tariffs on the EU will ultimately settle around 10%, but this underlines that there are risks and that the road to an agreement could be rocky.” Back in Europe, there are signs that the ongoing trade drama is already starting to jam up major shipping ports. Some northern European hubs are facing rising congestion, which could push global shipping costs higher if the tariff threats continue into the summer. On the data front, Asia is set to release several numbers this week: Singapore’s industrial production, Hong Kong’s trade figures, and South Korea’s retail sales—all expected between now and Saturday. Traders are watching those closely as they gauge how the region is holding up under the weight of ongoing US policy moves. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

25 May 2025, 23:41

Ripple (XRP) Live On FOX News

Ripple, a San Francisco-based cross-border payment firm, and XRP, the digital asset it majorly distributes, are gaining much-needed attention, causing buzz within the XRP community. In a recent tweet by Emelie, a popular XRP proponent, the blockchain behemoth Ripple was live on FOX News on screen. The influencer shared a screenshot of the firm’s logo covering the screen with a title, “Dems Trying to Derail Groundbreaking Crypto Bill.” BREAKING NEWS: #XRP LIVE ON FOX NEWS! pic.twitter.com/dOXDJUffGp — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) May 25, 2025 As expected, the post quickly gained thousands of impressions from the XRP Army. Many community members were pleased to see Ripple at this notable level. A supposed community member termed this a buy signal, while another said XRP will be promoted globally. Latest On the Groundbreaking Crypto Bill The Senate has advanced legislation aimed at regulating the stablecoin market despite concerns that the bill could help President Donald Trump and his family become richer from their crypto ventures. A few days ago, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act passed the procedural vote by 66 to 32, with two senators abstaining. Recall that White House officials have discredited conflict of interest fears in the president’s burgeoning cryptocurrency activities during his second term. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Regulating stablecoins, digital assets whose value is tied to another asset, most especially the U.S. dollar, has been touted by supporters of the bill as a crucial step towards wider oversight of the crypto market, and one that will strengthen U.S. innovation in the industry. However, concerns over gaps in the bill’s safeguards brought about fierce objections from Democrats. Some, especially Massachusetts Senator Elizabeth Warren, argued it would boost Trump’s chances of corruption by “supercharging the size of the stablecoin market.” What’s Next for the GENIUS Act? The bill still has a long way to go before final passage. That vote may likely come after the Memorial Day recess. And serious political risks remain. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple (XRP) Live On FOX News appeared first on Times Tabloid .

25 May 2025, 23:35

Bitcoin Surges Amid Trade Negotiation Tensions as Trump Imposes EU Tariffs

In a significant announcement, President Trump revealed that the European Union has requested an extension for ongoing trade negotiations, pushing the deadline to July 9th. Trump previously declared a looming

25 May 2025, 23:30

South Korea’s Biggest Party Urges ‘Expedited KRW Stablecoin Rollout’

Lawmakers close to Lee Jae-myung, the frontrunner in the South Korean presidential elections, have called for Seoul to steal a march on Washington by fast-tracking the rollout of a KRW stablecoin . The South Korean media outlet Edaily quoted Min Byoung-dug, a lawmaker for the Democratic Party and the chairman of the party’s Digital Asset Committee, as stating that stablecoins could soon become an industry on an equal footing with AI or semiconductors. Min said: “South Korean is an internet powerhouse. We need to take the lead in institutionalizing stablecoins before US dollar-based stablecoins become firmly established. That is the only way we can secure a sure position in the global battle for stablecoin hegemony.” The Democratic Party lawmaker Min Byoung-dug. (Source: EDaily Issue Maker/YouTube/Screenshot) KRW Stablecoin Rollout: The Time Is Now Min added that he thought the potential for stablecoin adoption in the payments space was “limitless.” He explained: “We should not just sit back and watch it grow into a powerful new future industry on the scale of AI or semiconductors.” Min is a close Lee ally and an open advocate of crypto regulation reform. He has also previously called for tax parity between South Korean stock traders and crypto investors . Lee has repeatedly promised to launch a state-backed KRW stablecoin in response to the rapid rise of USD-pegged coins like USDT and USD Coin (USDC) . The frontrunner, who leads his closest rival Kim Moon-soo (People Power Party) in the polls by almost 10%, has called for Seoul to “enter the stablecoin market quickly.” 이재명 46.6% 김문수 37.6% 이준석 10.4%…엇갈린 서울·PK 민심 https://t.co/ULLVbHi5CQ — JTBC 뉴스 (@JTBC_news) May 24, 2025 Latest poll has Lee on 46.6%, Kim on 37.6%, and Reform Party leader Lee Jun-seok on 10.4%. Lee has warned that delaying the launch of such a coin could lead to further capital flight from the country . Min echoed Lee’s calls, telling EDaily that Seoul “must expedite the institutionalization of stablecoins.” He explained that South Korea “should not fall behind as the use of stablecoins rapidly increases, particularly in the United States.” USDT, USDC Dominance Min noted the fact that USDT and USDC “account for 90% of the stablecoin market in the United States.” He also claimed that USD-pegged coins “are already being used in some parts of Korea, such as Dongdaemun Market, where many foreign payments are made.” Source: Dune Min’s comments about Dongdaegmun Market, Seoul’s biggest clothing and textiles market, may be seen as contentious. Posters on popular South Korean crypto forums last year claimed that “mass USDT adoption” was underway at Dongdaemun, with Chinese buyers particularly keen on the coin. However, Dongaemun traders have told both Cryptonews.com and South Korean media outlets that cash, not crypto, is still king at the market . Regardless, Min said that rapid adoption at home and overseas means Seoul risks being left out in the cold. He said that if USDT and USDC continue to gain popularity worldwide, the space a won-based stablecoin could fill “will inevitably diminish.” DPK's Lee Jae-myung urges 'judgment of insurrection forces,' pledges policies to boost stock market https://t.co/NdPe030YSR — The Korea Times (@koreatimescokr) May 25, 2025 Could Lawmakers Act Before June 3 Elections? Min claimed that a won-based stablecoin could gain global attention and drive up global demand for won-related assets, such as the government bonds underpinning a KRW stablecoin. The lawmaker said that fans of South Korean webtoons (web-based comics) could be among the first overseas users. Readers may use a won-based stablecoin to buy webtoons, Min said. Min added that he is already pushing for the National Assembly to approve stablecoin legislation. The DP has a large majority in the house going into the elections. And with the nation essentially rudderless following the impeachment earlier this year of former President Yoon Suk-yeol, the party may yet decide to push ahead with such a bill before the June 3 elections. Min has already unveiled a private member’s bill named the Basic Act on Digital Assets, prepared with the aid of industry experts. The lawmaker said of the draft law: “I plan to submit the bill to the National Assembly after another review.” The post South Korea’s Biggest Party Urges ‘Expedited KRW Stablecoin Rollout’ appeared first on Cryptonews .

25 May 2025, 23:16

Forecasting Next Week’s Altcoin Movers – Here’s Why VeChain and SEI Could Be on the Verge of Major Moves

VeChain and SEI might be set for significant moves next week. Market analysts are buzzing with speculation about these altcoins. Several factors could be at play, driving potential growth. Delving deeper into these dynamics might reveal why these cryptocurrencies are capturing attention. Find out which coins are poised for a surge and what could be fueling their rise. VeChain Market Snapshot and Key Levels Last month recorded a gain of 3.02% paired with a modest week increase of 0.77%, while the six-month performance shows a drop of 31.35%. VET ’s recent movement reveals short-term resilience contrasted by longer-term pressure. Price action during this period stayed within a confined range, hinting at cautious optimism amid overall downward momentum. VeChain trades between $0.0189 and $0.0303 with immediate resistance at $0.0352 and support near $0.0123. Indicators show a mixed outlook with a neutral RSI at 50.21 and minimal momentum. The market lacks a clear trend, suggesting traders might consider buying around support while monitoring resistance as prices test these levels. Upward Movement in Sei Amid Long-Term Decline Sei recorded a 9.02% increase over the past month, marking a recovery from a significant 66.31% drop in the last six months. Price action has been volatile, showcasing a rebound that slightly closed the gap from previous lows. Despite these short-term gains, the long-term bearish trend continues to affect overall sentiment. Indicators have demonstrated a tough road for the coin, where upward movements have not fully compensated for the steep decline experienced over the longer period. Currently, price sits between $0.15 and $0.24, with resistance levels at $0.28 and $0.37. Support hovers around $0.10. Bears are currently in control, as moving averages suggest potential further declines despite neutral oscillators. Traders might find opportunities to buy near support while monitoring for a breakout above resistance before making larger commitments. Conclusion VET and SEI could experience significant movement next week. Observing recent patterns and market sentiment around these coins reveals an upward potential. Strong fundamentals and positive announcements might drive interest and investment. It's essential to keep an eye on their performance, as both are showing signs of readiness for major shifts. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

25 May 2025, 22:48

Musk’s DOGE role was “one of the greatest brand destructions”

US marketing professor Scott Galloway warned that Elon Musk’s role in driving spending cuts in the federal government for the Trump administration has been “one of the greatest brand destructions,” pointing towards Tesla. Speaking on Friday’s episode of the Pivot podcast , which he co-hosts, Galloway said Musk had alienated Tesla’s customers, one of his most important assets, by backing a president whose supporters show little interest in electric cars and the broader shift to clean transport. He then pointed to polls that showed Tesla was the 8th most reputable brand in 2021, but it has now fallen to 95th. “He’s alienated the wrong people,” Galloway said. “Three-quarters of Republicans would never consider buying an EV. So he’s cozied up to the people who aren’t interested in EVs.” Galloway went on to list sharp drops in Tesla’s sales across Europe last year, down 59% in France, 81% in Sweden, 74% in the Netherlands, 66% in Denmark, 50% in Switzerland and 33% in Portugal. Musk’s political interference drove away key European EV buyers In recent months, Musk has tried to influence several European political debates, particularly via posts on X. The Guardian reports his interference turned off many European customers, which is a key market for electric vehicles. Moreover, in April, China’s BYD outsold Tesla in Europe for the first time, according to Jato Dynamics, an automotive market intelligence firm. “This has arguably been one of the greatest brand destructions,” Galloway told co-host Kara Swisher. He added, “Tesla was a great brand. He’s alienated his core demographic.” The federal job and spending cuts trace back to Musk’s leadership of the so-called Department of Government Efficiency, or DOGE, under Trump’s second term, which began in January. Musk secured that position after his super PAC donated $200 million to Trump’s successful November campaign to return to the White House following his 2020 defeat. Since then, opinion polls have shown widespread disapproval of Musk’s work for Trump. Some studies indicate that a majority of voters dislike how he and DOGE treated federal employees as the department worked through large job reductions. By late April, Tesla reported a 71% drop in profits. On an earnings call with investors, Musk said he would start stepping back from DOGE in May. He told shareholders that the job of getting the government’s “financial house in order is mostly done” and that his “time allocation to DOGE will drop significantly.” Although DOGE claimed it would cut about $160 billion in spending, CBS News reported that Partnership for Public Service estimated in late April that actually carrying out those cuts would itself cost around $135 billion, Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot