According to Bloomberg, U.S. President Donald Trump stated he is reconsidering the plan to raise tariffs on Canadian steel and aluminum to 50%, following Ontario’s announcement to suspend a 25% surcharge on electricity exports to the U.S. Trump mentioned he might consider this change but has not made a final decision. — link : Wu Blockchain News
Bloomberg.com
Trump Walks Back Latest Tariff Threat, Plays Down Recession Talk
President Donald Trump dialed back his latest trade-war threat against Canada hours after making it, while downplaying the risk of a tariff-led recession that’s sent US markets into a nosedive.
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JUST IN: 🇺🇸 Elon Musk says Tesla $TSLA will double its vehicle production in the United States. : Watcher Guru
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The U.S. SEC has delayed the approval of several cryptocurrency spot ETFs. The SEC has postponed the approval process for VanEck Spot Solana ETF, Canary Spot Litecoin ETF, Canary Spot Solana ETF, Canary Spot XRP ETF, Grayscale Spot XRP ETF, and Grayscale Spot Dogecoin ETF. — link : Wu Blockchain News
NO 50% STEEL, ALUMINUM TARIFFS ON CANADA; NO EXEMPTIONS ON 25% STEEL, ALUMINUM TARIFFS, TARIFFS BEGINS AT MIDNIGHT : infinityhedge
🚨 🚨 🚨 🚨 🚨 🚨 1,800 #BTC (148,993,026 USD) transferred from #Coinbase to unknown wallet
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🚨 🚨 🚨 🚨 🚨 🚨 1,799 #BTC (149,168,702 USD) transferred from unknown wallet to unknown wallet
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The U.S. House passed a 292-132 resolution overturning the IRS broker rule requiring DeFi platforms to collect user tax and transaction data. Due to budget rules, the Senate must vote again. If approved and signed by President Donald Trump, the rule will be permanently barred. — link : Wu Blockchain News
Coindesk
U.S. House Votes to Overturn IRS DeFi Broker Rule
The IRS broker rule would have been impossible to comply with for DeFi entities, one of the resolution's proponents said.
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JUST IN: 🇺🇸 Senator Lummis says the "Bitcoin Act is the solution to our national debt, and the future of American prosperity." : Watcher Guru
According to Reuters, BlackRock CEO Larry Fink stated at the CERAWeek conference that U.S. nationalist policies, such as deporting workers, will drive up inflation. He believes that the market is underestimating inflation, and costs will rise further over the next 6 to 9 months. — link : Wu Blockchain News
Reuters
CERAWEEK BlackRock CEO Fink says nationalistic US policies to stoke inflation
BlackRock CEO Larry Fink said on Monday that inflation in the United States will be elevated by nationalistic policies, including the deportation of workers.
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🚨 🚨 🚨 🚨 969 #BTC (80,353,508 USD) transferred from #Binance to Coinbase Institutional
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Bitcoin Magazine CEO David Bailey stated that the implementation of the U.S. Strategic Bitcoin Reserve Executive Order will be “far more compressed than the market expects,” with a timeline measured in “days and weeks, rather than months or years.”Bailey emphasized that the U.S. government is keeping pace with technological advancements and taking “urgent action.” —link : Wu Blockchain News
X (formerly Twitter)
David Bailey🇵🇷 $2.0mm/btc is the floor (@DavidFBailey) on X
Implementation of the Strategic Bitcoin Reserve EO is far tighter than the market anticipates—timeline measured in days and weeks, not months or years.
The admin is ‘moving at the speed of tech’ and ‘acting with urgency.’
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The admin is ‘moving at the speed of tech’ and ‘acting with urgency.’
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Nate Geraci, president of The ETF Store, disclosed that Franklin Templeton, which has an asset management scale of more than 1.5 trillion US dollars, has officially submitted an application for an XRP ETF, and Coinbase Custody Trust Company will serve as the custodian of the fund's XRP assets. — link : Wu Blockchain News
X (formerly Twitter)
Nate Geraci (@NateGeraci) on X
Big name enters XRP ETF race…
$1.5+ trillion asset manager Franklin Templeton.
$1.5+ trillion asset manager Franklin Templeton.
🚨 🚨 🚨 🚨 🚨 🚨 130,000,000 #USDT (130,140,139 USD) transferred from Tether Treasury to #Bitfinex
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