China News Daily Official TheBitTimes.com

BRICS members China and Brazil officially announced to settle payments in local currencies to reduce dependency on the US dollar. This comes after China imposed an additional 34% tariffs on all US goods entering the country in a countermeasure to Trump. Several countries are expressing their displeasure against the US tariffs and finding alternatives to the dollar to safeguard their economies. Also Read: BRICS: New Country Rejects National Currency for Oil, Demands US Dollar In addition, China also announced the restriction of local companies from investing in the US. The move stops the inflow of funds to the US making the markets slow down. The US could lose billions worth of institutional investment from China as a countermeasure to Trump’s tariffs. Read here to know how many sectors in the US will be impacted if BRICS uses local currencies for trade. Also Read: BRICS Considers New Financial Options For Trade Settlements JUST IN: China to impose additional 34% tariff on US g...

BitMEX co-founder Arthur Hayes says that Donald Trump’s tariffs are good for Bitcoin (BTC) because the government will offset the economic pain they cause by printing money. “Some of y’all are running scurred, but I LOVE TARIFFS,” he said i n an April 3 thread on X. ” Global imbalances will be corrected, and the pain papered over with printed money, which is good for $BTC .” Arthur Hayes Tells Traders And Investors To Be Patient Investors just need to be patient, said Hayes, as governments across the globe start to print more money, subsequently introducing more liquidity that could flow into the crypto market. The BitMEX co-founder noted that the US dollar is weakening while offshore investors sell US tech stocks. He believes that this could benefit BTC and gold over the medium term. The $ is weakening alongside foreigners selling US tech stocks and bringing money home. This is good for $BTC and gold over medium term. pic.twitter.com/XzRcxOaJ...

XRP holders and bulls have managed to prevent the token’s price from dropping below $2, even as President Trump’s ‘Liberation Day’ tariffs wiped $140 billion from the cryptocurrency market within a matter of hours.  A Securities and Exchange Commission (SEC) meeting scheduled to take place roughly 7 hours from the time of publication could hold a clue as to why. At press time, XRP was changing hands at a price of $2.04, having marked a 3.77% decline in the last 24 hours. At present, year-to-date (YTD) losses stand at 1.73%. Picks for you Robert Kiyosaki shocks investors with his top asset—not Gold or Bitcoin 45 mins ago Bybit and Zodia Custody join forces to work on institutional crypto security 1 hour ago ...

Over 94% of Binance token listings from 2024 and 2025 are in the red by between 17% and 97%, according to crypto analysts. This is in stark contrast to Binance’s token listing heyday.  Research by crypto analyst Dethective found that the 27 tokens listed by Binance so far this year had an average loss of 44%. Only three tokens resulted in a positive return, while 13 suffered losses of over 50%. Dethective described the tokens as “pure exit liquidity” and claimed, “If the largest, most retail-friendly exchange is pushing only garbage, newcomers will assume crypto is nothing but a scam.” I crunched the numbers for all 2025 Binance listings, and it's a bloodbath. • Only 3/27 tokens had a positive return: $FORM, $RED, and $LAYER • If you put $100 on each of the 27 tokens, you'd now have ~$1,500 • The average loss is -44% Basically if you bought a token on… pic.twitter.com/dHM5rc9th2 — dethective (@dethective) April 1, 2025 Read more: $38 trillion in US broke...