CoinTelegraph
Privacy coin Zcash surged 75% in a week as demand for surveillance-resistant assets accelerates, according to Santiment data. Meanwhile, USD1 stablecoin crossed $4.5 billion in circulation — Zach Witkoff called it the fastest-growing stablecoin ever, launched less than a year ago. On the other side of the ledger, Coinbase reported nearly $400 million in losses as Q1 revenue dropped 31% to $1.41 billion amid a prolonged bear market.
On the macro front, a U.S. trade court ruled Trump's 10% global tariffs exceeded authority under the 1974 Trade Act, while Trump separately warned the EU to finalize a trade deal by July 4 or face steeper tariffs. The DOJ and CFTC are probing suspiciously timed oil trades placed ahead of Trump-Iran war announcements — at least four trades reportedly generated $2.6 billion in gains.
Japan is moving government bonds on-chain with stablecoin settlement…
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