US Tariffs Hit Bitcoin Miners, China Eyes Yuan Stablecoin

US Tariffs Hit Bitcoin Miners, China Eyes Yuan Stablecoin
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US Bitcoin miners face massive tariff bills as trade tensions escalate, while China signals a potential pivot toward yuan-backed stablecoins. Meanwhile, blockchain firms intensify Wall Street outreach amid growing institutional adoption.

  • Trump-affiliated mining venture imported 16,000 Bitmain rigs without additional tariffs while competitors face massive bills
  • Polkadot is intensifying outreach to Wall Street institutions amid growing ETF and tokenized asset adoption
  • China may be preparing to approve yuan-backed stablecoins, signaling a potential strategic shift in digital currency policy
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