Coinbase will launch Bitcoin-specific American Express card
According to CoinDesk, the card stands apart from other crypto-linked items because, instead of providing ordinary benefits, it focuses on the history and symbolism of Bitcoin.
As the debut date in the autumn draws near, further information on the exact reward structures and card perks will be published.
In contrast to other cryptocurrency-linked credit cards, Coinbase's forthcoming American Express offering highlights the cultural importance and guiding principles of Bitcoin rather than its rewards or cashback mechanisms.
According to the plan, the card will include some philosophical or visual aspect that relates to Bitcoin's decentralized spirit and financial philosophy.
Choosing to deal with American Express instead of Visa or Mastercard gives you access to Amex's vast network of premium merchants and their consumer base.
Cryptocurrency incentives on purchases have been given via Coinbase's current card offerings. Nevertheless, it seems that the purpose of this new American Express card that is centered on Bitcoin is to increase involvement within the Bitcoin community.
How US-China tensions affected cryptocurrency: tariffs and a $19 billion loss
President Trump's Truth Social postings are to fault, says Santiment. Trump called Beijing “very hostile” and promised major tariff rises on Chinese products in response to rare earth metal export limits.
For the first time in October, Santiment data indicated a four-hour span when crypto talks included “lower” or “below” more than “higher” or “above”.
Following months of optimistic posture, crypto crashed, reminding investors that it is subject to abrupt declines.
Santiment said Trump-Xi ties would certainly influence trade choices in the near future.
Retail opinion about bitcoin may improve if diplomatic discussions go well.
Santiment cautions that traders who review their risk may anticipate “Bitcoin sub-$100K” if the connection worsens.
To avoid currency depreciation, dealers bought precious metals. Gold rose beyond $4,000 per ounce as Bitcoin behaved like risk assets under international tensions.
Pi Network pricing drops, Whale Guru repeats Bybit CEO claims
Pi Coin hit a record low of $0.1515, surpassing $0.1866. It has dropped 90% from its peak this year, losing roughly $18 billion.
Pi Network's collapse corresponds with the crypto market slump that began after President Donald Trump announced fresh Chinese tariffs.
Whale Guru, an anonymous X account, termed the plunge “the biggest scam in crypto history.” The accompanying graphic shows how the coin dropped from approximately $3 in February to $0.20.
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