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 called […] Source
Bitcoin (BTC) cooled a 7% rebound after the March 11 Wall Street open as familiar headwinds sparked market jitters. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin, stocks deflate on fresh tariffs letdown Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it touched local highs of $82,154 on Bitstamp before consolidating. US JOLTS job openings data delivered a slight overshoot versus expectations, but it was confirmation of further trade tariffs on Canada by US President Donald Trump that spoiled risk-asset relief. The S&P 500 thus traded down 0.5% on the…
Bitwise has rolled out a new Bitcoin Standard Corporations ETF that gives investors a way to bet on companies stacking at least 1,000 BTC. Bitwise, the world’s largest crypto index fund manager with $12 billion in client assets, is launching a new exchange-traded fund on the New York Stock Exchange that includes public companies holding at least 1,000 Bitcoin (BTC) in their corporate treasuries. In a March 11 press release, Bitwise said that the so-called Bitwise Bitcoin Standard Corporations ETF will include 10 holdings at launch, featuring major companies such…
The Sandbox co-founder Sebastien Borget gets stopped for photos occasionally at crypto conferences and even has his own memecoin, but he’s not too keen on being labeled an influencer. “I don’t consider myself a crypto influencer, and I try to keep a very humble and low profile at the end of the day,” Borget tells Hall of Flame. That said, if you take a selfie with him and post it on X — or if you’re a landowner or have an avatar in The Sandbox — he’s happy to manually…
Senator Cynthia Lummis announced the reintroduction of the Bitcoin Act at a Bitcoin-focused conference hosted by the Bitcoin Policy Institute. The bill, co-sponsored by West Virginia Republican Senator Jim Justice, proposes that the U.S. government acquire 1 million Bitcoin (BTC) as part of its national reserve. Lummis previously introduced the legislation in July 2024, but it failed to advance due to limited bipartisan support. With the new congressional session underway, she seeks to revive the effort. Lummis had previously teased this announcement. She revealed that she would be a co-host…
Cantor Fitzgerald, a leading financial services firm based in the United States, has picked Anchorage Digital and Copper.co as launch partners for its soon-to-launch Bitcoin financing business. Cantor, whose product and service suite includes investment banking, asset management, capital markets, and digital assets, announced its collaboration with Anchorage Digital and Copper via a press release on Mar. 11. The move comes a few months after the company’s former chief executive office and chairman Howard Lutnick revealed plans for a Bitcoin (BTC) financing business. Notably, Lutnick disclosed plans for the BTC…
XRP has fallen below the $2 mark for the first time since early February, following the broader market breakdown that has pushed most cryptocurrencies lower. Despite the intense selling pressure, XRP has held up stronger than many other altcoins, avoiding the steep declines seen across the market. However, uncertainty remains high, with analysts divided on XRP’s next move. Related Reading Some experts believe that if XRP can reclaim key resistance levels, it could trigger a recovery rally, bringing back bullish momentum. On the other hand, bearish analysts warn of further…
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…
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 at […] Original
Yuga Labs’ vice president of blockchain has warned that Ether could drop as low as $200 in a prolonged bear market, a 90% decline from its current price. In a March 11 post on X, the executive, known as “Quit,” pushed back against analysts who suggest $1,500 as a possible bottom for Ether (ETH). Instead, Quit argued that a true bear market could see ETH fall significantly lower, similar to previous market cycles. “A true bear market target, if we’re just getting started, would be ~$200-$400. That’s an 80% drawdown…