Day: February 21, 2026

US President Trump Raises Global Tariff Rate to 15%, Crypto Doesn’t Budge

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US President Donald Trump is now using alternative legal routes to levy tariffs, but critics say his authority to impose them is still limited. United States President Donald Trump announced on Saturday that he is raising the 10% global tariff rate announced on Friday to 15%, which will take effect immediately.  Trump reiterated his criticism of the Supreme Court’s decision to strike down his authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). In a Saturday Truth Social post, he said: “As President of the United States…

Crypto Market Gives Back Nearly All Gains from 2024 and 2025 in Round Trip

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The crypto market has retracted most of the gains made during the 2024-2025 pump that kicked off after the 2024 elections in the United States, and has lost about 40% of its value from the peak recorded in October 2025. The Total3 Market Cap, a metric tracking the market capitalization of the entire crypto market, excluding Ether (ETH) and Bitcoin (BTC), surged by over 91% immediately following the outcome of the US Presidential election on November 5, reaching a high of $1.16 trillion by December 2024. For context, the Total3…

Jordi Visser: AI and crypto will disrupt existing market structures, stablecoins are processing more volume than Mastercard, and Bitcoin’s performance is closely tied to software ETFs

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AI’s rise could reshape money markets, leaving traditional players behind as crypto gains traction. Key Takeaways AI and crypto are poised to disrupt existing market structures significantly. The next decade may see a reshaping of money markets with different beneficiaries than in the past. Stablecoins are processing more transaction volume than major credit card companies like Mastercard. Profit margins are increasing even as job creation remains stagnant, presenting a unique economic situation. Investor fear is growing over AI’s potential to disrupt software companies. Bitcoin’s performance is closely aligned with software…

Trump’s Tariff Announcement Met With a Torrent of Criticism

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The tariffs imposed by US President Donald Trump and the 10% global tariff announced by Trump on Friday have drawn critical reactions from US lawmakers, Washington, DC-based think tanks and attorneys.  US Senator Rand Paul said that the Trump tariffs are a tax increase on “working families and small businesses,” characterizing them as a net negative on the economy. “Those tariffs weren’t about security — they were a tax on families and small businesses to bankroll a reckless trade war,” US Congressperson Ro Khanna said.  Source: Rep. Ro Khanna On…

Trump declares global tariff hike to 15% following court setback

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President Donald Trump announced Saturday an immediate increase in the global tariff from 10% to 15% in a move widely seen as a response to a court decision on Friday that struck down certain duties he imposed under the International Emergency Economic Powers Act (IEEPA). Trump unveiled the new rate in a post on Truth Social, stating that the move is within his lawful authority. The US’ chief executive also noted that the administration will soon establish additional tariff measures to advance his trade agenda. That came shortly after Trump…

Luca Netz: Trove’s $11.5 million token sale highlights flaws in ICO structure, liquidity issues threaten NFT market, and the rise of echo groups over traditional VC

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Trove’s token sale raised $11.5 million, focusing on real-world assets like collectible cards. The ICO process for Trove was oversubscribed, leading to incomplete refunds for investors. The token sale process lacks the structure needed for success, highlighting a gap in support for token founders. Key Takeaways Trove’s token sale raised $11.5 million, focusing on real-world assets like collectible cards. The ICO process for Trove was oversubscribed, leading to incomplete refunds for investors. The token sale process lacks the structure needed for success, highlighting a gap in support for token founders.…

IoTeX Investigates Token Safe Incident as Analysts Estimate $4.3M Loss

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Decentralized identity protocol IoTeX has confirmed that it is investigating unusual activity tied to one of its token safes after onchain analysts flagged a possible security incident. In a Saturday post on X, the project said its team was “fully engaged, working around the clock to assess and contain the situation.” IoTeX added that early estimates indicate the potential loss is lower than circulating rumors and that it has coordinated with major exchanges and security partners to trace and freeze funds linked to the attacker. “The situation is under control.…

What’s Next for Crypto in EU After Lagarde Leaves?

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European Central Bank (ECB) president Christine Lagarde is stepping down sometime before the French presidential election next year. Under her leadership, the ECB has consulted on the Markets in Crypto Assets (MiCA) legislation that defined the crypto landscape in the European Union. The preeminent European bank also began work on the digital euro — the next iteration of the Eurozone’s currency. But there is still work to be done on crypto policy in Europe. MiCA does not, in its current form, regulate decentralized finance (DeFi), and policymakers at the ECB…

IoTeX confirms token safe incident, says situation ‘under control’

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IoTeX’s IOTX coin dropped almost 10% after suspicious activity was detected in one of its token safes, CoinGecko data shows. The team behind the blockchain platform built for Internet of Things (IoT) applications stated that the incident is under investigation and reassured users that the impact is far less severe than rumors have suggested. We are aware of recent reports regarding suspicious activity involving an IoTeX token safe. Our team is fully engaged, working around the clock to assess and contain the situation. Initial estimates indicate the potential loss is…

Spot Bitcoin ETFs Post Five Consecutive Weeks of Outflows Reaching $3.8B

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US spot Bitcoin exchange-traded funds (ETFs) have posted five consecutive weeks of net outflows, with investors pulling roughly $3.8 billion from the products over the period. During last week, the funds recorded about $315.9 million in net outflows, according to data from SoSoValue. The biggest weekly withdrawal during this 5-week streak occurred in the week ending Jan. 30, when spot Bitcoin (BTC) ETFs recorded about $1.49 billion in net outflows. The net weekly outflows come as some sessions posted inflows. On Friday, Bitcoin ETFs saw about $88 million in inflows,…