NiftyNoon: Trump Tariffs Cause Crypto Price Dump 🇺🇸📉

Donald Trump announced 25% tariffs on Mexico and Canada in a move that sent the price of US equities and crypto lower with some memecoins falling to new all time lows (February 3, 2025)

Highlighted News:

• @realDonaldTrump announced 25% tariffs on Mexico and Canada:

  

  https://x.com/realdonaldtrump/status/1885821495080825305?s=61

• The Crypto AI sector is down another $1B from yesterday; with Leaders down another 10%-25%:

  

  https://x.com/tyler_did_it/status/1886067642714210590?s=46

• $2B liquidated in 24 hours. That’s a record. More than the Covid dump. More than the FTX collapse:

  

  https://x.com/scottmelker/status/1886240863145087116?s=46

• $135,000,000 liquidated from the cryptocurrency market in the past 60 minutes:

  

  https://x.com/WatcherGuru/status/1886103975893594170

Project and Community News:

• Trump's World Liberty Finance ting issa down on every investment so far wif a total of -$25m PNL currently: https://x.com/0xstrobe/status/1886155094829207714?s=46

• India is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries: https://x.com/DeItaone/status/1886049869300891770

• The Indian government will implement new tax laws in 2025 that will impose a tax penalty of up to 70% on undeclared cryptocurrency gains: https://x.com/WuBlockchain/status/1886050989108842765

• Vitalik Buterin (@VitalikButerin) revealed his crypto holdings: BTC accounts for less than 10%, and other non-ETH assets make up less than 10% as well: https://x.com/pumatheuma/status/1880286928219853293?s=46

• Ethereum's next major upgrade, Pectra, is tentatively scheduled to go live in mid-March: https://x.com/sassal0x/status/1882774548409659850?s=46

• Introducing ETH Strategy - the permissionless onchain protocol reimagining Michael Saylor’s MSTR strategy within a DeFi-native framework for ETH: https://x.com/eth_strategy/status/1883092589622223023

• Kraken’s Ethereum layer 2 announces they are a stage 1 rollup: https://x.com/ak47ink/status/1882228296626458970?s=46

• @UBS, Switzerland’s largest bank, is modernizing digital gold investments on

  @ZKsync: https://x.com/zksync/status/1885329177446133998

• SOL stablecoin TVL nearing SOL memecoin market cap: https://x.com/rektmando/status/1885739960675774859

• Airdrop claim for $TNSR Season 4 is live: https://x.com/TensorFdn/status/1885357812605448336

• Pudgy Penguins partner with Line Friends’ Minini, one of the largest IPs in South Korea & Asia: https://x.com/pudgypenguins/status/188568998351360gCz7lJx77zENdbYcKQ

• Memeland is dropping a $PAIN token together with "Hide the Pain Harold": https://x.com/waleswoosh/status/1885984250056396881?s=46

• @AskVenice team has sold over $10.2M in $VVV tokens: https://x.com/amirormu/status/1885819487850577976

• At the time of this communication, 31 nodes have requested to leave the

  @THORChain network: https://x.com/ninerealms_cap/status/1885743387862556981

• Feb 4th-6th, you can claim your free Mask of Luci & choose what to do with your Guest Spot: https://x.com/samspratt/status/1886125888296636539?s=46

• @TrustlessState shares his letter to the broader Ethereum community: https://x.com/trustlessstate/status/1885769155955007784?s=61

• @ethos_network launch second product built on the Ethos protocol - http://ethos.markets: https://x.com/ethos_network/status/1884672549352608244?s=46

• Dips like while major alts / L1s across the board have just barely started to test their previous cycle’s ATH are part of the warm up: https://x.com/CryptoKaleo/status/1886136766358511742

Quick Stats:

• 👾 Blur ETH Daily Volume: 2,511 ETH (▲ 39.69%)

• 🌊 OpenSea ETH Daily Volume: 1,429 ETH (▲ 24.12%)

• 🟠 BTC : $95,354.46 (▼ 3.31%)

• 🔷 ETH: $2,618.32 (▼ 14.44%)

• 🟣 Solana: $197.76 (▼ 5.78%)

• 🟪 Polygon: $0.31 (▼ 14.39%)

Top NFT Sales:

• CryptoPunks #2810: 44.83 ETH

• CryptoPunks #9026: 40.00 ETH

• CryptoPunks #3533: 39.00 ETH

NFT Daily Winners:

• 🐵 NodeMonkes: 0.06 BTC (▲ 14.37%)

• 💼 Ordinal Maxi Biz: 0.12 BTC (▲ 4.48%)

• 🦧 Bored Ape Yacht Club: 12.38 ETH (▲ 3.60%)

NFT Daily Losers:

• 🐧 Pudgy Penguins: 10.00 ETH (▼ 1.96%)

• 🚬 CryptoPunks: 38.99 ETH (▼ 2.04%)

• 🧦 Bitcoin Puppets: 0.06 BTC (▼ 5.25%)

• ⛩ Azuki: 2.91 ETH (▼ 5.59%)

• 👩🏻 Milady Maker: 4.50 ETH (▼ 6.05%)

• 😡 Mad Lads: 46.20 SOL (▼ 6.85%)

• 🏳‍🌈 Chromie Squiggles: 4.25 ETH (▼ 7.31%)

• 🍭 Mocaverse: 2.30 ETH (▼ 8.04%)

• 👾 Tensorians: 4.58 SOL (▼ 11.28%)

• 🏴‍☠ Captainz: 1.39 ETH (▼ 14.55%)

• 🐱 Quantum Cats: 0.20 BTC (▼ 19.97%)

Notes:

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• Managed by @AxuETH, @Miinted, @drethernik, @SpeedyGonzale87 and @SSPxLEO