The Bitcoin mining industry is downright in the reticle of the trade war led by the United States, with minors listed on the stock market receiving major customs of customs and the protection of American border (CBP). However, in a torsion, a mining company supported by the family of US President Donald Trump obtained more than 16,000 Chinese Bitmain platforms without incurring additional functions.
Beyond the exploitation of the winds, the wider sector of blockchain intensifies efforts to won Wall Street as institutional adoption accelerates through funds negotiated on the stock market, business treasury bills and tokenized active assets. Ether cash societies (ETH) also accumulate accumulation, while reports suggest that China can prepare for the stablescoins supported by the Green Light Yuan.
This week’s Crypto Biz newsletter explores these developments, highlighting the latest discoveries of the Mag miner, the new Polkadot capital market division, the purchase of Sharplink Major ETH and the potential pivot of Stablecoin de Beijin.
American bitcoin minors face $ 100 million prices
The United States mining industry was swept away in President Donald Trump’s trade war, with Cleanspark and Iren public minors warning potential pricing liabilities of $ 185 million and 100 million dollars, respectively, Miner Mag.
The two companies said they had received invoices from American customs and border protection, which allegedly alleged that certain mining platforms were of Chinese origin. As part of the revised White House pricing calendar, the equipment from China is now subject to an effective obligation of 57.6%.
Beyond the prices, the MAG mininer noted that the extraction income “remain under pressure”, the transaction costs sliding below 1% of the block rewards.
Production data for July showed that Iren and Mara Holdings have each extracted more than 700 BTC, while Cleanspark and Cango have generated more than 600 BTC each.
Polkadot establishes the capital market division
Polkadot has launched a new division of capital markets aimed at attracting institutional investors in its blockchain – a decision that highlights the growing industry effort to won Wall Street.
The new entity, Polkadot Capital Group, is based in the Cayman Islands and has been created in response to the institutional demand for the request for digital assets, said the company. He also underlined the recent positive regulatory signals in the United States as a catalyst for the launch.
Polkadot Capital Group will focus on the presentation of blockchain use cases through finances, stimulus and active worlds, while helping actors in traditional finance to explore cryptos opportunities in fields such as asset management and banks.
Polkadot is the 24th larger blockchain by market capitalization with a total value of around $ 6 billion.
China would have weighs the stablescoins supported by the yuan
Despite its radical restrictions on digital assets, China would have planned to allow the development of stablescoins supported by the Yuan – a change in potential policy that would mark a major reversal for the second world economy.
Quoting familiar sources with the issue, Reuters said that the Beijing authorities were open to the approval of the stable -coated Yuan in the context of a broader strategy to extend the role of money in world trade. Such a decision would represent a lively gap in the country’s position almost four years ago, when it has indeed prohibited trade and cryptographic mining.
The reports arise as the adoption of the stable reserve increases elsewhere, in particular in the United States, which recently adopted the draft law on the stable engineer. The total value of stablescoins in circulation has now exceeded $ 288 billion, tokens supported in US dollars representing the overwhelming majority.
Sharplink bags 667 million dollars
Sharplink, a sports betting company that adopted ether as an asset of the treasure, added 143,595 ETH while the token approached the heights of all time, according to regulatory documents.
The purchase, estimated at $ 667.4 million, brings Sharplink’s total assets to 740,760 ETH – worth around $ 3 billion at current market prices.
Even with massive transport, Sharplink is not the largest Treasury Treasury holder. This title belongs to Bitmin, which acquired 373,000 ETH on Monday, bringing its total assets to 1.52 million ETH, valued at around $ 6.5 billion.
While ETH has corrected below this week, the asset remains one of the most efficient in crypto, having won almost 200% since its lower April.
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