🚨 Bitcoin Miners Hit With $100M+ Tariffs, Polkadot Courts Wall Street & China Eyes Stablecoins
The crypto world never sleeps! Here are this week’s biggest headlines you need to know:
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⚒️ US Bitcoin Miners Face Massive Tariff Bills
US Customs has slammed major miners with over $285M in tariffs on Chinese rigs.
CleanSpark could owe $185M, while IREN faces $100M in extra duties.
Why? New tariffs make Chinese mining rigs subject to 57.6% duty!
July mining data: IREN & Mara mined 700+ BTC each, CleanSpark & Cango over 600 BTC.
👉 Transaction fees are still under 1% of block rewards — profits under pressure!
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💼 Polkadot Targets Wall Street Money
Polkadot launches Polkadot Capital Group in Cayman Islands.
Goal: Bring institutional investors into DeFi, staking & tokenized real-world assets.
DOT market cap: ~$6B, ranking 24th among blockchains.
👉 Are we about to see Wall Street + Polkadot become the next big partnership?
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🇨🇳 China Considers Yuan-Backed Stablecoins
Major policy shift? Beijing may greenlight yuan stablecoins to boost global trade.
This comes 4 years after China’s crypto ban!
Global stablecoin market now $288B, mostly USD-backed.
👉 Could this start a new East vs West stablecoin race?
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🏦 SharpLink Loads Up on ETH
Sports betting firm SharpLink adds 143,595 ETH worth $667M!
Total holdings: 740,760$ETH (~$3B).
$ETH is still a top performer: +200% since April lows.
👉 Is ETH the ultimate treasury play?
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🔥 Your Thoughts:
Will US tariffs crush Bitcoin miners?
Is Polkadot’s move bullish for altcoins?
Can China’s stablecoin compete with USDC & USDT?
💬 Comment below & let’s discuss!
