Crypto News
Zettahash on the Horizon: Bitcoin’s Hashrate Nears 1 ZH/s as Miners Face Squeeze
As bitcoin’s valuation languishes near its weakest point since last year—with hashprice, the projected daily earnings for one petahash per second (PH/s) of mining capacity, receding to $40—the network’s computational muscle has paradoxically swelled to a historic peak. Bitcoin Hashrate Hits Historic High Amid Price Plunge This stretch has proven arduous for bitcoin miners, withSource link
European Union Moves Ahead With Retaliatory Tariffs Against U.S.
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...
Investors Pull $326 Million From Bitcoin ETFs Amid Tariff Angst
Tuesday’s drawdown was the most pronounced pullback in nearly a month.Source link
Yield Shock: 30-Year US Treasury Note Sees Largest Weekly Jump Since 1981
On Wednesday, as President Donald Trump’s tariffs officially went into effect, long-term bond yields began charting a steady climb toward historic peaks. Recent figures reveal that the yield on the U.S. 30-year Treasury note experienced its most significant weekly rise since 1981. Basis Trade Dysfunction Sends Shockwaves Through Markets Trump’s trade conflict has unsettled financialSource link
First XRP ETF in U.S. Racks up $5M on Debut in Teucrium’s ‘Most Successful Launch’
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...