ReportWire

Tag: rare earth minerals

  • U.S. could soon turn to South Korea for a vital mineral

    Nestled deep in the mountains of South Korea, in a remote part of the country’s east, is one of the world’s largest deposits of tungsten, a critical mineral the U.S. desperately needs for its defense. As Anna Coren shows, a newly reopened mine in South Korea could soon fill that need.

    Source link

  • From TikTok to soybeans: Breaking down agenda for Trump-Xi meeting

    President Trump is expected to sit down with China’s Xi Jinping in South Korea for trade talks shortly as he wraps up his trip to Asia. Micah McCartney, a Taipei-based journalist with Newsweek, joins CBS News to preview the meeting.

    Source link

  • Over $19 billion liquidated in worst crypto crash since COVID

    President Donald Trump’s latest tariff on Chinese goods has triggered the worst sell-off in crypto history. The White House announced a sweeping 100% tariff on all Chinese goods, in retaliation for Beijing’s new export controls on rare earth minerals.
    The tariffs are set to take effect on Nov. 1 or sooner.

    The announcement sent crypto markets into a massive freefall. At one point, Coinglass data showed that more than $19.2 billion in leveraged positions were liquidated, marking the largest single-day wipeout ever for crypto.

    As per Kraken, Bitcoin (BTC) plunged more than 10%, briefly dipping below $110,000 before clawing back to $112,000.

    Major altcoins were hit even harder — Ethereum (ETH) fell nearly 15%, XRP lost close to 14%, and Solana (SOL) dropped over 16%.

    At the time of reporting, the total crypto market capitalization stood at roughly $3.85 trillion, down more than 9% in just hours.

    Related: Trump and Melania Memecoins Spark a Crypto Gold Rush and Security Fears

    The intense sell-off also overwhelmed major trading platforms as traders rushed to exit positions. Binance, the world’s largest exchange, confirmed system strain and temporary outages as the sell-off accelerated.

    Later in the evening, Binance reported that all services had been restored and are “progressively returning to normal.”

    Meanwhile, Coinbase, the largest U.S.-based exchange, also reported “latency and degraded performance.” Its support team posted that a fix was implemented, assuring users that funds remain safe.

    This story was originally reported by TheStreet on Oct 11, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

    Source link