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$2 Billion in Liquidations Due to Trump’s Tariffs

The introduction of new tariffs by former President Trump has led to significant financial repercussions, with $2 billion in liquidations reported. In the cryptocurrency sector, the SEC’s swift approval of Bitwise’s new combined Bitcoin and Ethereum ETF has attracted $655 million in inflows. Meanwhile, Hong Kong’s regulatory body has excluded XRP from its approved list of cryptocurrencies. In the realm of decentralized finance (DeFi), the year 2025 is anticipated to bring advancements like smart accounts and AI-driven trading. Additionally, there are reports that the parents of Sam Bankman-Fried, the jailed former CEO of FTX, are considering seeking a pardon from Trump for their son.

Source: cryptoslate.com

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