4.8 • 689 Ratings
🗓️ 30 April 2025
⏱️ 3 minutes
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Host Christine Lee breaks down the latest news in the crypto industry as the GDP data shows a slowdown in U.S. economy.
Bitcoin and stocks tumbled after U.S. GDP data showed the economy contracted and imports surged ahead of U.S. President Donald Trump's tariffs. Plus, the SEC delays decisions on ETFs for XRP and DOGE, and the Bank of Italy warns cryptocurrencies could trigger global systemic risk. CoinDesk's Christine Lee reports on "CoinDesk Daily."
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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0:49.7 | Bitcoin and stocks tumble as US GDP growth disappoints and importers front-run tariffs. It's Wednesday, April 30th, 2025. I'm Christine Lee. This is Coiness Daily. |
1:04.9 | Bitcoin reversing gains and stock sliding Wednesday as stagnationary U.S. economic data showed slower than expected GDP growth |
1:12.2 | coupled with persistent inflation. First quarter GDP contracted by three-tenths of a percent |
1:17.6 | against expectations of a two-tenth a percent growth, driven by a surge in imports as companies |
1:23.7 | try to get ahead of U.S. tariffs. The ADP employment report showed only 62,000 |
1:29.1 | private sector jobs added in April, far below the 108,000 forecast and the weakest since July of |
1:35.2 | 2024. Inflation pressures amounted as the core PCE price index rose 3.5% exceeding estimates |
1:42.1 | of 3.1%. Crypto-related stocks, including Coinbase and Microstrategy, |
1:46.7 | also saw significant declines amid broader market unease. |
1:50.4 | The U.S. Securities and Exchange Commission has delayed its decisions on spot exchange traded |
1:54.9 | funds for XRP and Dogecoin, pushing final rulings to at least June. Bloomberg analysts |
2:00.6 | predicted the delays, noting |
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