Peter Schiff: Ether is back near the high end of its trading range. If you are holding, this is a great time to sell. As much as I hate to admit it, selling Ether and using that money to buy Bitcoin is a better trade than continuing to hold Ether.
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Interestingly, Peter is not calling for Ether to be converted to gold this time...
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Interestingly, Peter is not calling for Ether to be converted to gold this time...
🇪🇺🇺🇸 BLOOMBERG: EU PREPARES 30% TARIFF IF NO DEAL WITH US
🔹 The European Union (EU) is ready to impose 30% tariffs on about 100 billion euros ($117 billion) of goods from the US if no deal is reached and President Trump carries out his plan to impose tariffs after August 1.
🔹 Targeted US goods include industrial goods such as Boeing aircraft, US-made cars and bourbon.
🔹 These products will be subject to a 30% tariff, corresponding to the rate that President Trump threatened to apply.
🔹 The European Union (EU) is ready to impose 30% tariffs on about 100 billion euros ($117 billion) of goods from the US if no deal is reached and President Trump carries out his plan to impose tariffs after August 1.
🔹 Targeted US goods include industrial goods such as Boeing aircraft, US-made cars and bourbon.
🔹 These products will be subject to a 30% tariff, corresponding to the rate that President Trump threatened to apply.
In addition to being included in Bitwise’s recent hybrid ETF, SUI has been filed by Canary Funds for a spot ETF with the SEC, which is currently in the process of being approved.
The two pending spot ETF applications for SUI are from Canary Funds and 21Share
The two pending spot ETF applications for SUI are from Canary Funds and 21Share
Accelerate is looking to raise $1.5 billion to acquire SOL through a public offering via a SPAC with Gores X Holding.
The company will raise capital from a variety of sources. Specifically, it plans to raise $800 million through a private placement (PIPE), $358.8 million from a SPAC, $250 million from convertible notes, and $103.2 million from SPAC stock options. If successful, Accelerate will become the largest publicly traded company holding SOL on the market.
One of the risks is that the stock price could fall sharply when the shares sold to PIPE investors are allowed to trade when the company goes public. This has happened to other companies such as Upexi (a company that is also acquiring SOL).
The company will raise capital from a variety of sources. Specifically, it plans to raise $800 million through a private placement (PIPE), $358.8 million from a SPAC, $250 million from convertible notes, and $103.2 million from SPAC stock options. If successful, Accelerate will become the largest publicly traded company holding SOL on the market.
One of the risks is that the stock price could fall sharply when the shares sold to PIPE investors are allowed to trade when the company goes public. This has happened to other companies such as Upexi (a company that is also acquiring SOL).