|
Trump's Tariffs Trigger $400 Billion Crypto Market Collapse and ...
2025-10-18 22:55:10
Blockchain
Business

Trump's Tariffs Trigger $400 Billion Crypto Market Collapse and Relief Efforts

The cryptocurrency market recently experienced unprecedented volatility, resulting in a staggering $400 billion wipeout. This turmoil was triggered by President Donald Trump's announcement of 100% tariffs on China, which led to a massive liquidation event and significant losses for traders.

In response, Binance pledged a $400 million relief program, including a $300 million allocation in token vouchers to assist users affected by the crash. Technical issues further complicated the situation, preventing some traders from closing their positions, prompting Binance's co-founder to issue an apology.

Meanwhile, JPMorgan is moving towards offering cryptocurrency trading services, indicating a growing acceptance of digital assets in mainstream finance. Notably, the number of companies holding Bitcoin has risen, highlighting a broader institutional interest in cryptocurrencies.

As the market seeks recovery, these developments underscore the need for improved regulatory scrutiny and robust practices within cryptocurrency exchanges.

Related news on that topic:

How Trump's Meeting with Xi Influences Cryptocurrency Markets

The recent confirmation of a meeting between US President Donald Trump and Chinese President Xi Jinping at the APEC summit has positively influenced cryptocurrency markets. This significant diplomatic engagement has provided a sense of stability, prompting a rise in Bitcoin and other cryptocurrencies. However, the market remains volatile, with previous announcements from Trump regarding tariffs causing declines. Despite these fluctuations, analysts maintain a long-term optimistic outlook, suggesting that the overall bullish trend is still intact. In addition, Japan's Financial Services Agency is considering regulatory changes that could enable banks to invest in cryptocurrencies. As global economic conditions evolve, upcoming events, including inflation reports and trade discussions, will further shape market dynamics. Meanwhile, caution is advised among developers in light of potential legal repercussions tied to open-source protocols. Amid these developments, the cryptocurrency landscape continues to reflect a blend of uncertainty and opportunity.

The press radar on this topic:

The Street
23. Oktober 2025 um 14:40

Binance to compensate users after technical snag during $19B market crash

Binance has pledged to compensate users affected by technical issues during a $19 billion market crash on Oct. 10. The crash was triggered by Donald Trump's announcement of 100% tariffs on China, causing a mass exodus from risk assets and one of the largest crypto wipeouts in history. Binance co-founder Yi He apologized for disruptions and invited affected users to register their losses with customer service. Over $19.3 billion in leveraged positions were liquidated within 24 hours, marking one..
The Street
21. Oktober 2025 um 12:57

Crypto’s wildest week ever: $400B wiped out after a post that broke the market

A $400 billion wipeout occurred in the crypto market after a post by U.S. President Donald Trump announced a 100% tariff on China, leading to massive liquidations and technical issues on major platforms. Binance co-founder Yi He apologized for the exchange's role in the chaos and offered compensation to affected users. The incident has sparked calls from regulators and analysts to examine exchanges' practices and internal controls, with some questioning the official tally of liquidated funds.
The Street
24. Oktober 2025 um 20:55

Binance launches $400M recovery fund to aid users hit by market crash

Binance pledges $300 million in token vouchers to support users who suffered liquidation losses during last week’s downturn. The move follows what the exchange described as one of the toughest weeks in recent memory for the broader market, as asset prices fell sharply amid a prolonged macroeconomic downturn that dented user confidence across the sector. “Users are always our first priority. That is what makes us who we are,” Binance said in its announcement. “Without our users’ support, there..
Cointelegraph.com News
18. Oktober 2025 um 14:40

Crypto Biz: 'Sound money' meets a sound beating as Binance pledges bailout

The article discusses a volatile period in cryptocurrency markets. Binance pledged a $400 million relief program to support traders affected by the market crash. The exchange also announced a $100 million low-interest loan fund for ecosystem participants. Meanwhile, JPMorgan is preparing to offer clients cryptocurrency trading services, marking its shift toward digital assets. Additionally, Bitwise reported that 172 companies now hold Bitcoin on their balance sheets, with 48 emerging in Q3.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact