🚨 Behind the Chains: What’s Actually Happening in Crypto!

News

📢 Elon Musk’s DOGE Has New Plans To Avoid US Recession

Amid escalating Trump tariff tensions and rising U.S. Treasury yields, the American economy faces mounting pressure. Elon Musk’s Department of Government Efficiency (DOGE) has unveiled a strategy aimed at steering the nation away from recession. The tech billionaire, closely aligned with President Trump, emphasized that accelerating GDP growth is critical to addressing the U.S. debt crisis. This signals a clear shift in policy from reducing federal spending to increasing it.

🚀 XRPL Announces New Batch Upgrade to Take On Rivals Ethereum and Solana

The XRP Ledger (XRPL) is gearing up for a significant upgrade with the impending release of version 2.5.0 in June. Amidst increasing anticipations, the blockchain is integrating major features, including the Batch (XLS-56), ahead of the upgrade. As highlighted by Senior Software Engineer Mayukha Vadari, the team is introducing these groundbreaking features to enhance XRPL’s functionality.

Markets

⚠️ BTC Price Crashes 4% on Trump 50% Tariff News – Key Levels to Watch

Bitcoin (BTC) price sufferred a 4.5% crash in the past 24 hours, as US President Donald Trump announced a 50% tariff on the European Union, starting on June 1. The sell-off began before Friday’s market open and accelerated during the late New York session, pushing BTC price down to $106k.

📊 What Happens to Cardano Price if ADA Flips USDC’s $61B Market Cap?

The Cardano price rally required for ADA to flip USDC hinges on a potential breakout past the psychological level of $1, assuming its circulating supply of 35.32 billion tokens remains unchanged. Based on this supply, ADA would need to reach a price of $1.755, representing approximately a 132% gain in market cap from the current levels.