Demex Daily #341: Crypto Rebounds as Trump Pauses Canada & Mexico Tariffs

What’s Interesting Today:

Crypto markets rebounded after U.S. President Donald Trump temporarily paused proposed tariffs on Canada and Mexico following agreements to strengthen border security and combat illegal drug flows. Canada committed to a $1.3 billion border plan, while Mexico pledged to reinforce its land border. However, Trump stated tariffs on Mexico could still be implemented. The 10% tariff on China remains in effect, with China reportedly open to negotiations. Crypto prices, which had plunged after the initial tariff announcement, surged, with Bitcoin surpassing $101,000 and Ethereum recovering. Market sentiment improved, shifting into "greed" territory.

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Chainlink has introduced the CDY Index, a real-time DeFi yield index designed to improve transparency and accessibility in decentralized lending, which now holds $47 billion TVL. Leveraging its oracle network and data from Space and Time, the index aggregates lending rates across protocols, positioning Chainlink as a key provider of financial benchmarks in crypto. As demand for DeFi yield grows, Chainlink aims to set a new standard for verifiable on-chain data, potentially influencing future ETF products that integrate staking rewards into traditional finance.

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