In the Central African Republic, a trader turned $5,000 into $12 million in less than three hours with a new memecoin, achieving a staggering 2,450x return. Meanwhile, Bitcoin remains stable despite looming U.S. tariffs. President Trump is set to impose 25% tariffs on steel and aluminum imports, yet the market shows resilience, possibly due to expectations of strategic trade negotiations. Litecoin surged 9% in the last 24 hours, making it the top-performing cryptocurrency. The U.S. consumer inflation expectations are rising, potentially affecting Federal Reserve rate decisions. The U.S. Consumer Price Index (CPI) release is anticipated on Wednesday. In other news, there’s a notable increase in short positions in CME-listed ether futures, likely part of carry trades. Transparency in the crypto space was highlighted when Base member Kabir.Base.eth clarified that Coinbase was not selling ETH earned as fees.
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