Crypto News
Trump Proposes Tariff-Free Trade for Canada in Exchange for Statehood, BTC Slides Below $80K
President Donald Trump announced a 50% tariff on Canadian steel and aluminum imports, combining a 25% duty on metals with a 25% general tariff on all Canadian goods, effective March 12, 2025. The move escalates a trade dispute centered on Canada’s “anti-American farmer tariffs” of up to 390% on U.S. dairy products, which Trump calledSource link
Taproot Wizards Looks to Raise Over $34M in Long-Awaited Sale of Signature NFTs
A Bitcoin ordinals project said it aims to raise over $34 million from an art collection of Microsoft Paint-style cartoon wizards following a similar sale last year that raised $13 million.Taproot Wizards plans to auction 2,121 non-fungible tokens (NFTs) of its signature "magic internet JPEGs," which harken back to a 2013 bitcoin meme: "magic internet money," later this month, according to an emailed statement. The Wizards were inscribed on the Bitcoin blockchain two years ago and are now being made available for sale. The project last year sold a collection of 3,000 "Quantum Cats" to raise support for the Bitcoin improvement proposal (BIP) OP_CAT. Despite being marred by technical issues, the collection quickly sold out, raising 300 BTC in...
Bitwise Launches ETF of Firms Holding Over 1K Bitcoin, Strategy Takes a 20% Weighting
Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund designed to track publicly traded companies that hold at least 1,000 bitcoin (BTC).The index follows specific rules: companies must hold a minimum of 1,000 BTC, with holdings weighted based on the amount of bitcoin owned. The largest holding is capped at 20%, while companies with less than 33% of their assets in bitcoin are weighted at 1.5%. The index rebalances every quarter. According to Bitwise, publicly traded companies collectively held 591,817 BTC as of the end of 2024. The ETF, which will trade on NYSE Arca, has an expense ratio of 0.85%. Bitwise has identified 70 public companies that currently hold bitcoin on their balance sheets....
Ethereum Testnet Holesky Achieves Finality After Delays in Pectra Upgrade
Pectra had originally been scheduled to launch sometime in March 2025, bringing numerous anticipated upgrades—but it's been pushed back.Source link
Bitcoin Mining Costs Expose Deep Divides as Price Trades Below $82K
As bitcoin trades at $81,626—just shy of the $82,000 mark—disparities in mining costs among leading public firms expose striking operational differences, with some companies extracting bitcoin at a fraction of the network’s estimated average. Mining Bitcoin for Profit? It Depends on Who’s Paying the Power Bill On March 11, 2025, bitcoin’s spot price settled atSource link