Today’s U.S. data outlines that the Federal Reserve is in a tight spot, causing a decline in BTC prices. The persistent focus on inflation risks, alongside ongoing recession signals, may push the cryptocurrency market into a significant downturn, impacted by delayed relaxation of fiscal measures and recession fears. Meanwhile, important announcements from Trump and Coinbase’s latest altcoin updates have surfaced. Here are the details.
Altcoin Listing Update
Coinbase, the largest U.S. cryptocurrency exchange in terms of volume, has announced the listing of Mantle (MANTLE). This listing is scheduled for tomorrow. The contract address for the Ethereum $1,797 token is released as 0x3c3a81e81dc49a522a592e7622a7e711c06bf354, and investors are advised to be cautious of counterfeit tokens.
Another significant announcement concerns the WLD Coin. It has been added to the popular altcoin listing roadmap. Despite initial hesitations due to legal issues, the resolution of some problems and WLD Coin’s strong volume have anticipated its listing on Coinbase. An official listing announcement is expected soon as the coin saw a 6% increase following the roadmap inclusion.
Trump’s Statements
The situation regarding tariffs continues unpredictably, with attempts by Trump to ease tensions seeming compromised by mutual accusations in U.S.-China talks. This has negatively affected expectations for reaching an agreement. As of this writing, significant highlights from the U.S. President’s statements include the following;
“I think we are doing great with trade agreements. ATC contracts will involve a major contractor like Raytheon or IBM. I want China to do well; I want every country to do well.
As long as they’re not fair, I don’t want China’s products. At some point, I hope to make a deal with China. I’m talking to them. China’s idea of justice includes intellectual property rights.
I know China is in a very bad situation right now. I’m saddened to hear China has taken a hit.
Building local facilities takes some time. Today’s figures reflect Biden, not me. I was completely opposed to everything Biden did regarding the economy.”
