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Crypto Market Plunges $300 Billion Following Trump’s Tariff Announcements

A day after a surge in cryptocurrency prices driven by optimism surrounding Donald Trump’s proposed US Crypto Strategic Reserves, the market experienced a sharp downturn, erasing $300 billion in value. Bitcoin tumbled nearly 10%, while major altcoins such as Ethereum (ETH), Solana (SOL), and XRP recorded losses exceeding 15%. Crypto Market in Turmoil The steep decline was triggered by Trump’s decision to impose heavy tariffs on China, Mexico, and Canada, unsettling financial markets and prompting a global sell-off. Investor concerns, already heightened by regulatory uncertainty surrounding Trump’s crypto reserve initiative,…

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Thirteen U.S. states are gearing up to file a lawsuit against DOGE, claiming that the cryptocurrency has misused personal data and gained improper access to government payment systems.

In a groundbreaking legal move, thirteen U.S. states are preparing to file a lawsuit against DOGE, a prominent cryptocurrency company, alleging that it unlawfully accessed government payment systems and may have misused personal data without proper consent. The coalition, which includes states like California, New York, Texas, and Florida, asserts that DOGE gained improper access to sensitive government financial services, such as direct payment and benefits systems that citizens rely on for various public services, including Social Security and unemployment benefits. The lawsuit claims that DOGE’s actions could have endangered…

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Trump’s threat of tariffs has led to a decline in the crypto market, affecting even his own meme coin.

The cryptocurrency market took a significant hit after former U.S. President Donald Trump renewed his threats of tariffs, causing even his own meme coin to drop sharply. Trump recently hinted at imposing tough tariffs on foreign goods if he wins the election again, which has sparked economic uncertainty. This announcement sent shockwaves through the financial markets, prompting a quick response from cryptocurrency investors. Bitcoin, Ethereum, and other major digital currencies faced losses, and even Trump’s meme coin, which had gained traction among his supporters, saw a steep decline. Market analysts…

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