HTX has announced the rollout of USDT deposits for its USDD Flexible Earn program, offering a stable annual percentage yield (APY) of 12%. This move comes in the wake of significant market volatility caused by corrections in major cryptocurrencies like Bitcoin and Ethereum, leading to increased investor anxiety.

Adding to market dynamics, former U.S. President Donald Trump expressed pro-crypto sentiments on social media platform X, formerly known as Twitter. This endorsement has further fueled speculation within the cryptocurrency market, resulting in increased price fluctuations and short-term trading activities.