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Bitcoin price slips after Trump hikes worldwide tariff to 15% from 10% despite Supreme Court decision

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Bitcoin price over past 24 hours (CoinDesk)

The price of bitcoin fell slightly on Saturday after U.S. President Donald Trump announced an additional increase to global tariffs, despite a U.S. Supreme Court decision that invalidated earlier trade actions under the International Emergency Economic Powers Act (IEEPA).

In a post on Truth Social, Trump called the court’s decision “anti-American” and declared that, effective immediately, he was raising the previously announced worldwide tariff to 15%.

“During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs,” the president added.

The price of bitcoin reacted quickly to the post, seeing an initial uptick of around 0.5% before losing nearly 1% of its value, reacting to the development. BTC is now trading at $68,000. Ether is down 0.45% since the announcement to $1,980.

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Bitcoin price over past 24 hours (CoinDesk)

(CoinDesk)

The tariff hike comes just after the U.S. Supreme Court decided that Trump didn’t have the power to impose tariffs as he did earlier in the year. Reacting to that decision, Trump announced he was ordering a neew 10% global tariff, which is now being hiked to 15%.

Read more: U.S. Supreme Court’s decision on Trump’s tariffs may not rock crypto — yet

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Crypto World

Algorand Warns Developers Against “Vibe Coding” Smart Contracts to MainNet

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR:

  • Algorand warns that smart contract vulnerabilities cause immediate, irreversible fund loss with no legal recovery path available. 
  • AI tools may store user data in LocalState, a flawed pattern where ClearState drains critical accounting data permanently. 
  • Algorand recommends using Plan Mode and agent skills to design secure contract architecture before writing a single line of code. 
  • Private keys must stay out of AI reach entirely, with OS-level keyrings handling all transaction signing away from the agent.

Algorand is urging blockchain developers to adopt disciplined, AI-assisted practices before deploying smart contracts to MainNet.

The blockchain platform has drawn a clear line between reckless AI-generated code and responsible agentic engineering.

With AI agents now capable of building and deploying contracts in a single conversation, the stakes have never been higher. Deploying vulnerable smart contracts means immediate, irreversible loss of funds with no path to recovery.

The Risk of Unreviewed AI-Generated Code

Algorand developers have identified a growing problem in the broader web3 space. AI coding tools allow developers to ship products faster, but unchecked code carries serious risk.

Unlike web2 breaches, smart contract vulnerabilities cannot be patched after the fact. Funds drained from a poorly written contract are gone permanently, with no legal recourse available.

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The Algorand team shared a concrete example of how AI can mislead developers. An AI might store user balances in LocalState, which appears to be the correct pattern.

However, users can clear local state at any time, and ClearState succeeds even when a program rejects it. This means critical accounting data can disappear without warning. Developers who do not understand the code they ship are exposed to exactly this kind of subtle failure.

Algorand’s developers formalized this concern through a public post from the @algodevs account. The post draws from Addy Osmani’s distinction between “vibe coding” and “agentic engineering.”

Vibe coding means accepting all AI output without review. Agentic engineering means the developer remains the architect and final decision-maker throughout the process.

The platform advises developers to use BoxMap instead of LocalState for data that cannot be lost. This kind of nuance is what separates a working contract from a broken one.

AI tools trained on outdated patterns will not flag these issues automatically. Developers must bring their own understanding to every deployment.

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How Algorand Recommends Building Safely With AI

Algorand outlines several practices to keep AI-assisted development secure and maintainable. Developers should use Plan Mode before writing any code, allowing the agent to design architecture first.

This produces a spec covering state schema, method signatures, and access control. Reviewing this plan catches design flaws before any implementation begins.

Agent skills play a major role in guiding AI toward correct Algorand patterns. These are curated instructions that encode current best practices directly into the development workflow.

Without them, AI is likely to use deprecated APIs or outdated patterns. Structured prompts reduce hallucinations and produce more reliable contract code.

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Private keys must remain completely out of reach of AI agents at all times. Tools like VibeKit use OS-level keyrings so that AI requests transactions without ever accessing signing credentials.

Additionally, developers should use algokit task analyze and simulate calls to catch edge cases. Testing should mirror how an attacker would approach the contract, not just how a user would.

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US President Trump Raises Global Tariff Rate to 15%, Crypto Doesn’t Budge

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US Government, United States, Donald Trump

US President Donald Trump is now using alternative legal routes to levy tariffs, but critics say his authority to impose them is still limited.

United States President Donald Trump announced on Saturday that he is raising the 10% global tariff rate announced on Friday to 15%, which will take effect immediately. 

Trump reiterated his criticism of the Supreme Court’s decision to strike down his authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). In a Saturday Truth Social post, he said:

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“As President of the United States of America, I will be, effective immediately, raising the 10% worldwide tariff on countries, many of which have been ‘ripping’ the US off for decades, without retribution, until I came along, to the fully allowed, and legally tested, 15% level.”

On Friday, Trump announced a 10% global tariff rate to be added on top of already existing tariffs that remained valid after the court ruling, under alternative legal statutes outlined in the Trade Expansion Act of 1962 and the Trade Act of 1974. 

US Government, United States, Donald Trump
Source: Donald Trump

However, pro-crypto attorney Adam Cochran said the scope of these laws also limits Trump’s authority to levy broad tariffs indefinitely.

“The law he is using only allows this to be on countries we have a deficit with, for a set period of 150 days, and at a capped percentage,” he said

Each new tariff announcement from Trump caused turmoil in the crypto and stock markets, with severe downturns that negatively impacted asset prices and fueled macroeconomic uncertainty among investors.  

Related: US lawmakers critical of Trump tariffs, say it will derail the economy

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Crypto markets held firm in the wake of the latest tariff announcements

The crypto market, which usually experiences heavy sell-offs in response to tariff announcements, held firm in the wake of the latest tariff headlines.

US Government, United States, Donald Trump
Bitcoin’s price barely reacted to the Trump tariff announcements on Friday and Saturday. Source: TradingView

The price of Bitcoin (BTC) held steady at the $68,000 level, and Ether (ETH) also remained firm, showing little to no change since Friday when the new tariffs were announced.

The Total3 indicator, which tracks the entire market capitalization of the crypto sector, excluding BTC and ETH, fell by less than 1% on Saturday and remains at about $713 billion at the time of this writing.

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