Highlights of Today's Key Updates
On February 21, several major developments emerged in both the crypto industry and global economy. Here are the details:
- Tether Halts CNH₮ Support: Tether announced the discontinuation of CNH₮, a stablecoin pegged to the offshore Chinese yuan, potentially impacting cross-border transactions and market stability.
- Trump Signs Global Tariff Order: Former U.S. President Donald Trump signed a directive imposing a 10% tariff on all imported goods, aiming to protect domestic industries.
- Vitalik’s Ethereum 5-Year Upgrade Roadmap: Ethereum co-founder Vitalik Buterin outlined a five-year plan involving four major upgrades to enhance scalability, security, and performance of the network.
- Nasdaq Hires Crypto Product Lead: Nasdaq is recruiting a crypto product manager to lead its tokenization strategy, signaling deeper integration of blockchain into traditional finance.
- SEC Commissioner Backs Stablecoin Regulation: A U.S. SEC commissioner supports applying a 2% capital reduction for payment stablecoins and is pushing for regulatory changes.
- New U.S. Tariffs Effective Soon: The White House confirmed new tariffs will take effect on February 24, with exemptions for certain critical minerals and passenger vehicles.
- Persona Suffers Security Breach: Persona, a verification service used by Discord, was hacked, putting user data at risk and raising concerns about digital identity security.
These updates are set to influence crypto markets and global economic trends, warranting close attention.