Crypto Daybook Americas: The Sea of Red May Not Ebb as Fast as Expected

Quick Summary:

USDe Stable Despite Trade War Volatility (CoinDesk): Ethena’s synthetic stablecoin USDe maintained its $1 peg amid volatile crypto markets, likely aided by its yield-generating mechanism.

Geo Chen, a macro trader and author of the popular Substack-based newsletter, Fidenza Macro, shared his perspective in an email to subscribers: "My view is that they will remain in place for several months with the risk of increasing, as Canada has pledged to retaliate and China has initiated a lawsuit against the U.S.in the World Trade Organization.

Firstly, Trump has shattered the crypto market's belief that he is looking to pump markets and would use small tariffs merely as a negotiating tactic.

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Article Details

Author / Journalist: Omkar Godbole, Shaurya Malwa

Category: Crypto

Markets: United StatesCanadaChinaCubaMexico

Topics: Crypto Daybook Americas

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 12:00:00 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1565 words

Reading Time: 9 minutes read

Sentences: 39 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25791186

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 13 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #8

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