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Asia's weekly TOP10 crypto news (Jan 27 to Feb 2)

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1. Trump Signed an Executive Order to Impose Tariffs on Goods from Canada, Mexico and China link The Wall Street Journal reporter Nick Timiraos wrote that Trump issued an executive order to impose a 25% tariff on Canadian goods, except for energy products, which will be subject to a 10% tariff, authorized by the International Economic Emergency Powers Act (IEEPA), and the tariffs will take effect on Tuesday. Meanwhile, on the 1st, US President Trump also signed an executive order to impose additional tariffs of 25% and 10% on goods imported from Mexico and China respectively. Affected by this, the risk market declined and Bitcoin dropped to a minimum of $100,279. Macro analyst Jiang Jinze pointed out that the biggest macro risk this year, Trump’s large — scale tariff increase, came to fruition this Saturday. It now appears that Trump is very determined about significantly and generally raising tariffs, and this is just the first step, with more tariffs expected to follow soon. Trump do...

Currency: New Country Ditches The US Dollar

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The world is now inching towards a new currency narrative. With the multipolar world taking over, the US dollar currently stands at a lethal threshold. In this wake, a new country has joined the growing list of nations ditching the US dollar, adapting the local currency concept with considerable ease. Also Read: Currency: Iran Calls For Unified Currency System To End US Dollar Ditching The US Dollar: A New Trend? Image Source: Pexels The US dollar has enjoyed decades of global prestige and supremacy. USD enjoys being crowned as the world’s reserve currency, ruling over the global economies. With the multipolar currency world taking over, calls are intensifying to prioritize local currencies, smashing away USD’s global repute. New nations are now coming forward to declare their intentions to move away from the dollar, adding more pressure on the USD. Afghanistan, a leading nation has now joined hands to ditch the US dollar, by conducting bilateral trade with Iran in local currency. Bo...