🚨 Inside Web3: What’s Really Going Down in Crypto

News

🇪🇺 Bitcoin Bleeds As Trump Slaps EU with 50% Tariffs Starting June 1

US President Donald Trump has reportedly announced a 50% tariff on the European Union, starting on June 1, 2025. This development follows Trump’s Truth Social post that threatened Apple with a 25% tariff on iPhones not manufactured in the US. With these escalating trade tensions, financial markets are facing a downturn, with top cryptocurrencies like Bitcoin bleeding.

📊 Is A Fed Interest Rate Cut Ahead in 2025? Chicago FED President Shares his Forecast

In a recent interview with CNBC, Chicago Federal Reserve Bank President Austan Goolsbee shared his position on possibility of a FED interest rate cut in 2025. Goolsbee states that the Fed may lower the rates in the next 10-16 months, albeit with a cautious approach due to trade policy unpredictability.

Markets

🔮 XRP Price If Ripple Uses XRP to Handle Hidden Road’s Transaction

Ripple’s acquisition of Hidden Road gives it access to FICC that clears roughly $11 trillion in volume daily. With the SEC’s recent change to how these entities handle clearing and settlement, Ripple’s blockchain, its token and recently introduced RLUSD stablecoin are in the spotlight. If XRP captures a portion of this $11 trillion daily volume, will it impact its price? If so, by how much? Let’s explore.

🚀 Cardano Price Could Hit $13 Due to This Critical Bull Market Fractal

Cardano (ADA) price is primed for a massive run to $13, which is supported by the formation of a critical bull market fractal. This fractal also coincides with a spike in ADA/JPY trading volumes, making the pair the second highest traded after ADA/USDT. This bullish pattern coincides with a 14.1% increase in Cardano’s price and a $4.64 billion uptick in market capitalization over the past seven days.