The Bitcoin mining industry is squarely in US -led trade crosshairs, with miners being publicly exchanged publicly receiving heavy invoices from US Customs and Border Protection (CBP). However, in a twist, a mining adventure supported by US President’s family Donald Trump has gained more than 16,000 rigs from China’s Bitmain without having further duties.
Beyond mining headwinds, the broader blockchain sector intensifies efforts in the Wall Street court as institutional adoption accelerates funds exchanged exchanges, corporate treasures and tokenized real-world assets. Ether (Eth) Treasury companies ramping accumulation, while reports suggest China can prepare the Greenlight Yuan supported by stablecoins.
This week of the Crypto Biz Newsletter explored these developments, featuring the latest Miner mag, the New Capital Markets Division of Polkadot, Sharplink’s primary ETH purchase and Beijing’s Stablecoin Pivot’s potential Stablecoin Pivot.
US Bitcoin miners face $ 100m+ hit on tariff
The US Bitcoin Mining Industry is that President Donald Trump’s trade war, who warns public miners Cleanspark and Iren with potential tariff responsibilities of $ 185 million and $ 100 million, respectively, according to Miner Mag.
Both companies said they received invoices from US Customs and Border Protection, saying that some mining rigs came from the Chinese. Under the revised White House tariff schedule, the equipment derived from China is now subject to an effective duty of 57.6%.
Beyond the tariffs, the Miner Mag noted that mining revenues will “remain under pressure,” with transaction fees that have slipped below 1% of block rewards.
Production data for July showed Iren and Mara’s holdings on each mined over 700 BTC, while Cleanspark and Cango formed more than 600 BTC each.
Polkadot promotes the division of capital markets
Polkadot was launched A new division of capital markets Institutional investors aim to attract its blockchain – a step that emphasizes the growing efforts of the industry in the Wall Street court.
The new creature, Polkadot Capital Group, is based on the Cayman Islands and has been established in response to the increase in institutional demand for digital ownership, the company said. It also taught recently positive regulatory signals in the United States as a catalyst for launch.
The Polkadot Capital Group will focus on displaying cases of blockchain use throughout the decentralized finances, precautions and real-world assets, while helping traditional financial players explore crypto opportunities in areas such as asset and banking.
Polkadot is the -24 largest blockchain by market capitalization with a total value of nearly $ 6 billion.
China reports weighing the stablecoins supported by Yuan
Despite its restrictions on digital possessions, China has been reported to be considered — Allows the development of Yuan-back Stablecoins-a potential policy shift to mark a major reflection for the world’s second largest economy.
Noted the resources familiar with this matter, Reuters said the Beijing authorities are open to approve the stablecoins supported by the yuan as part of a broader approach to expand the role of money in global trade. Such a step represents a sharp removal from the country’s stance nearly four years ago, when it is effective Banned crypto trading and mining.
Reports will come while the adoption of Stablecoin screams elsewhere, especially in the United States, who recently passed the Genius Stablecoin Bill. The total amount of stablecoins in circulation has now exceeded $ 288 billion, with US -back -back -back tokens for excess of the crowd.
Sharpink bags are another $ 667m eth
Sharplink, a sports betting firm who adopted the ether as a Treasury owner, Added 143,595 ETH As the token approaches all the time highs, according to the filing regulations.
The purchase, which costs $ 667.4 million, carries a total of Sharplink holds at 740,760 ETH – costs nearly $ 3 billion in current market prices.
Even with massive haul, Sharpink is not the largest ether to hold Treasury. That title belongs to Bitmine, which Got 373,000 ETH On Monday, its total handling of 1.52 million ETH was lifted, worth nearly $ 6.5 billion.
While ETH has been corrected less this week, the owner remains one of the leading crypto performers, which has gained nearly 200% since it was low in April.
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