The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Liberation Day! Could lower-than-expected tariff announcements from President Trump later on Wednesday give markets a much-needed boost, or are crypto holders about to be liberated from their money once again?
In today's newsletter, traders brace for Liberation Day's impact, FDUSD depegs after Justin Sun raises solvency concerns, Elon Musk's X urges the U.S. Supreme Court to block IRS access to Coinbase's user data and more.
Meanwhile, Circle's IPO filing shows it paid $210 million to acquire Coinbase's stake in its USDC venture. Plus, CoinList returns to the U.S. — and is hosting a token sale for DoubleZero.
Let's get started.
"Liberation Day" is now upon us, with President Trump expected to announce large-scale tariffs — including reciprocal tariffs — later on Wednesday.
Tron founder Justin Sun has warned users to withdraw funds from stablecoin issuer First Digital Trust, claiming the firm is insolvent and unable to fulfill redemptions.
Elon Musk's X has urged the U.S. Supreme Court to block the Internal Revenue Service from accessing Coinbase user data without a warrant.
Ripple's RLUSD stablecoin has launched on crypto exchange Kraken, expanding its availability with a market cap nearing $250 million since debuting in December.
Decentralized stablecoin protocol Usual has teamed up with blockchain security company Sherlock to offer a $16 million bug bounty program.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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