Author: Joseph Mutuma

Trump ended all Canada trade talks after Ontario aired an anti-tariff advertisement featuring Reagan. Canada had offered to remove retaliatory tariffs before Trump’s announcement. A potential U.S.-China deal by November 10 could ease global market tensions. President Donald Trump announced the immediate termination of all trade negotiations with Canada on Thursday evening. The decision followed Ontario’s release of an advertisement featuring former President Ronald Reagan, who criticized tariffs. The move adds uncertainty to North American commerce ahead of the scheduled USMCA review. Advertisement Triggers Presidential Response Trump posted on Truth Social late Thursday, describing Canada’s advertisement as “fraudulent” and “egregious.”…

The XRP Ledger has introduced the Multi-Purpose Token standard to simplify institutional asset tokenization, eliminating the need for custom smart contracts. MPT tokens include built-in compliance features like KYC and AML verification, and issuers can control token transfers and set supply limits. DEX and AMM support for MPTs will be added later, and Ripple plans to introduce privacy features and a native lending protocol in future updates. The XRP Ledger has introduced the Multi-Purpose Token (MPT) standard, marking a significant advancement in blockchain-based asset tokenization. The new protocol integrates directly into XRPL’s core infrastructure, removing the dependency on custom smart…

XRP trades at $2.94 after gaining 2.9% in 24 hours and has formed a triple bottom pattern at a key support level since July. The token faces descending resistance, but analysts predict a potential breakout to $3.66 or higher if buyers push through current levels. Ripple CTO David Schwartz announced his resignation at year-end but will remain involved in XRP projects to ensure a smooth transition. XRP has gained 2.9% in the last 24 hours, trading at $2.94 as buyers defend a key demand zone. The digital asset has tested this support level multiple times since July, creating a triple…

The U.S. government shut down on Wednesday after lawmakers failed to pass a spending bill. Federal workers are furloughed, and government services are suspended during the standoff. Bitcoin jumped to $114,000 as investors sought safety amid the political crisis. The United States government ceased operations at 12:01 a.m. Wednesday, following a failed attempt by lawmakers to agree on essential spending legislation. The breakdown in talks has forced thousands of federal employees out of work and suspended numerous government services nationwide. This shutdown represents the first such crisis since 2019, when a 35-day standoff over border wall funding paralyzed Washington. The…

A French finance insider purchased 17.5 million XRP tokens worth $48 million in what analysts describe as a strategic accumulation move. The SEC will decide on six spot XRP ETF applications in October, and the REX-Osprey XRP ETF already recorded $37.7 million in first-day trading volume. The new liquid staking token, mXRP, attracted over $22 million in deposits within days, and technical indicators suggest potential bullish signals ahead. A prominent French finance insider has acquired 17.5 million XRP tokens worth approximately $48 million. The purchase has drawn attention from market observers who view it as a calculated move rather than…

Pi Network partnered with Sign Protocol, which could lead to a Binance listing since Sign Protocol received $16 million from Binance’s venture arm. The partnership brings blockchain verification tools to Pi’s 60 million users, but experts warn against false claims that individual Pi tokens are worth $314,159. Pi’s price dropped 25% this week despite positive developments, and founder Dr. Chengdiao Fan will speak at the TOKEN2049 conference in October. Pi Network’s recent collaboration with blockchain verification platform Sign Protocol has generated significant attention within the cryptocurrency community. Industry experts believe this partnership could pave the way for a potential Binance…

August PCE inflation hit 2.7% annually and matched expectations, but remains well above the Fed’s 2% target. Bitcoin jumped above $109,000 after the data release but quickly lost some gains amid policy uncertainty. Fed officials are divided on future rate cuts, with some wanting more caution due to sticky inflation pressures. The August Personal Consumption Expenditures (PCE) inflation report met market expectations but revealed persistent price pressures that could complicate Federal Reserve policy decisions. Bitcoin responded positively to the data release, though gains proved short-lived as investors weighed the implications for future monetary policy. The Bureau of Economic Analysis reported…

Vanguard will offer crypto ETFs to brokerage clients after years of avoiding cryptocurrency investments.  The company responds to strong client demand but will use third-party products instead of creating its own crypto funds.  This move validates crypto’s mainstream acceptance and could drive more institutional money into digital assets. Vanguard, the world’s second-largest asset manager with $10 trillion in assets under management, will soon provide crypto ETF access to its brokerage clients. The company has maintained a cautious stance on cryptocurrency investments while competitors embraced digital assets. The asset management giant has begun preliminary discussions and groundwork preparation to enter the…

The Cardano Foundation will commit tens of millions of ADA to support stablecoin projects and boost DeFi adoption. The Foundation is expanding its Venture Hub program and will provide 2 million ADA in loans and support to businesses by 2026. Governance changes include delegating 220 million additional ADA tokens to community representatives instead of keeping self-delegation. The Cardano Foundation has announced a substantial eight-figure ADA commitment to support stablecoin initiatives across its blockchain network. The strategic move aims to strengthen Cardano’s position in the competitive decentralized finance sector. The Foundation will provide tens of millions in ADA liquidity to multiple…

XRP Ledger completed its Smart Escrow Devnet update, and the feature is now ready for testing.  BlackRock BUIDL and VanEck VBILL holders can now swap their tokenized shares for RLUSD stablecoin through a new smart contract.  XRP price trades at $2.84 with futures open interest rising 1% to $7.57 billion despite lower trading volume. The XRP Ledger achieved a significant milestone by successfully deploying its Smart Escrow Devnet update on September 24. Plans to introduce advanced programmability via native smart contracts were announced in September 2024, marking a crucial step toward enhanced blockchain functionality. Developers completed the sixth monthly release…