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🌙 Crypto Markets Waver as Trump Tariffs Kick In

Cryptocurrency markets were volatile on Wednesday as President Donald Trump’s new tariffs on metals took effect and traders awaited U.S. labor data that could influence the Federal Reserve’s next interest rate decision.

Author

Mike Gavela
June 04, 2025

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Crypto Roundup - June 4

Crypto markets are showing signs of volatility as investors brace for the effects of new U.S. tariffs under former President Trump’s policy and key upcoming labor data. Meanwhile, the Ethereum Foundation has published a detailed breakdown of its treasury strategy, showcasing a conservative approach to crypto holdings. Separately, a major Chinese firm, Webus, has acquired $300 million worth of XRP, igniting speculation about its strategic intent and XRP’s institutional appeal.

Top Stories

  • Crypto markets dip slightly as Trump-era tariffs go live and traders await crucial U.S. jobs data for direction.

  • Ethereum Foundation reveals treasury holdings and risk management approach, emphasizing transparency and diversification.

  • Chinese company Webus invests $300 million in XRP, prompting renewed institutional interest in the token.

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TOP STORIES

Crypto Markets Waver as Trump Tariffs Kick In, Traders Await Jobs Data - "The Defiant"

Bitcoin holds near $105,000, while Ethereum climbs above $2,600.

thedefiant.io/news/markets/crypto-markets-waver-as-trump-tariffs-kick-in-traders-await-jobs-data

Ethereum Foundation Unveils Treasury Policy - "The Defiant"

The new strategy outlines the EF’s long-term vision, ETH sales plan, and a privacy-focused framework.

thedefiant.io/news/blockchains/ethereum-foundation-unveils-treasury-policy

Chinese Company Takes a Shot at the Moon With $300 Million XRP Play - Decrypt

Nasdaq-listed travel booking firm Webus filed a Form 6-K to inform U.S. investors and regulators of its plans for a $300 million XRP treasury.

decrypt.co/323720/chinese-company-webus-300-million-xrp-play

FUNDRAISING

OTHER HEADLINES

ANALYSIS: Does the Circle IPO value Tether at $316B?

Circle’s upcoming IPO will provide a unique opportunity to value the world’s largest stablecoin issuer, Tether.

protos.com/analysis-does-the-circle-ipo-value-tether-at-316b-1

JPMorgan taps into $125 billion Bitcoin ETFs for crypto loans

JPMorgan will let clients use BlackRock's Bitcoin ETF as collateral. Crypto holdings will also be factored into net worth calculations. The move comes amid a regulatory thaw.

www.dlnews.com/articles/markets/jpmorgan-taps-125bn-bitcoin-etf-market-for-crypto-loans

USDC Issuer Circle Debuts on NYSE at $31 Per Share, Valuing Stablecoin Firm at $6.2 Billion

Circle’s IPO exceeds expectations with a surge in demand, pushing shares above the marketed range.

www.coindesk.com/markets/2025/06/04/circle-debuts-on-nyse-at-31-per-share-valuing-stablecoin-issuer-at-62-billion

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