Coindesk

European Union (EU) member states have approved the European Commission's proposal to introduce retaliatory tariffs against the U.S.The bloc's executive made the proposal as a countermeasure against the U.S.' imposition of tariffs on imports of steel and aluminium from the EU. Duties will be collected from April 15 once the implementing act is published, the Commission announced on Wednesday."The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy," the Commission said in the announcement.The Commission added that its preference is to avoid imposing tariffs and that they could be suspended at any time should the U.S. "agree to a fair and balanced negotiated outcome."President Donald Trump's unveiling of steep import...

Teucrium Investment Advisors' 2x Long Daily XRP exchange-traded fund (XXRP), the first leveraged XRP product in the U.S., racked up $5 million in trading volume on its Tuesday debut, becoming one of the company's "most successful" introductions and posting a top 5% performance for a new ETF.The ETF is designed to deliver twice the daily returns of XRP through swap agreements. With no suitable US-listed spot XRP ETFs available, the swaps’ reference rates incorporate several European exchange-traded products.The change in U.S. government and its more pro-crypto stance helped bring the ETF to market. The filing for the ETF took place right after the prior Securities and Exchange Commission (SEC) administration exited, and as soon as the standard 75-day review period...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2164.45, down 0.9% (-20.67) since 4 p.m. ET on Tuesday.Six of the 20 assets are trading higher.Leaders: LTC (+1.7%) and LINK (+1.7%).Laggards: SUI (-3.8%) and XLM (-2.7%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

This Bitcoin-focused hedge fund outperformed bitcoin last year.210k Capital, the hedge fund for UTXO Management, was the fifth best performing single major hedge fund in 2024 according to HFR. It returned 164% net of fees in 2024. UTXO Management is the investing arm of BTC Inc., of Bitcoin Magazine and Bitcoin Conference fame.This article first appeared on Blockspace Media, the leading Bitcoin industry publication dedicated to covering Bitcoin tech, markets, mining, and ordinals. Get Blockspace articles directly in your inbox by clicking here.Single manager hedge funds are run by one entity, versus multi-manager or fund-to-fund hedge funds, which have multiple portfolio managers.In HFR’s recap of its 2024 Global Hedge Fund Industry Report Q4 2024, the research firm revealed that cryptocurrency-focused...

As of Wednesday morning, the yield on the UK’s 30-year government bond soared to 5.5%—its highest level since 1998—mirroring a broader climb in U.S. sovereign yields and sparking fresh concerns about financial market stability.Surging global bond yields are exerting significant downward pressure on risk assets. Since the U.S. equity sell-off began last Thursday, the Nasdaq has dropped 10%, while bitcoin (BTC) has fared slightly better, down 8% over the same period. In the same time the U.K. 30-year bond yield is up 8%, while the U.S. 30-year is up 12%. Charlie Morris, founder of ByteTree, believes investors will start to seek diversification into other assets including bitcoin. “It appears that the UK has been living beyond its means for too...