8 Aug 2025, 15:35

A World First! El Salvador Breaks Ground Again with Bitcoin (BTC)! Here's What You Need to Know…

El Salvador, which broke new ground by accepting Bitcoin as legal currency, has achieved another world first. At this point, El Salvador has officially announced its plan to establish the world's first Bitcoin bank. As El Salvador prepares to launch the world's first 'Bitcoin bank,' the BTC bank project has faced obstacles such as unclear rules, IMF resistance, and volatility. Although details have not yet been disclosed, it is stated that this Bitcoin bank may operate with services entirely denominated in BTC. While the El Salvador establishment date has not yet been finalized, this is the first time a dedicated Bitcoin financial institution has been officially announced. El Salvador government agency 'Bitcoin Office' made a statement on its official X account, saying, “A Bitcoin bank will soon emerge in the country of Bitcoin.” “In El Salvador, Bitcoin is operating as an unstoppable directional flow. Stores of value worth $400 trillion globally are slowly being incorporated into Bitcoin, and the current central banking system will become ineffective,” said Max Keiser, Chief Bitcoin Advisor to the President of El Salvador. *This is not investment advice. Continue Reading: A World First! El Salvador Breaks Ground Again with Bitcoin (BTC)! Here's What You Need to Know…

8 Aug 2025, 15:25

CleanSpark’s Alarming $185M Tariff Threat on Bitcoin Mining Rigs

BitcoinWorld CleanSpark’s Alarming $185M Tariff Threat on Bitcoin Mining Rigs The cryptocurrency world is buzzing with significant news concerning CleanSpark Inc. (NASDAQ: CLSK), a prominent Bitcoin mining company. The firm recently disclosed a serious potential financial blow: it may face up to $185 million in punitive CleanSpark tariffs . This alarming development stems from a decision by U.S. Customs and Border Protection (CBP) regarding some of its imported Bitcoin mining rigs . What Triggered These Massive CleanSpark Tariffs? According to a report by Wu Blockchain on X, the core of the issue lies in the classification of certain Bitcoin mining rigs . These machines, imported by CleanSpark between April and June 2024, have been deemed by U.S. Customs and Border Protection as originating from China. This classification is critical because goods identified as Chinese-origin are subject to specific tariffs, often punitive in nature, designed to address trade imbalances. The Core Problem: U.S. Customs classified CleanSpark’s imported mining rigs as originating from China. The Financial Impact: This classification could expose CleanSpark to a staggering $185 million in tariffs. The Timeframe: The affected imports occurred between April and June 2024. This situation highlights the complex and often unpredictable nature of international trade regulations, especially when dealing with rapidly evolving industries like cryptocurrency mining. Companies must navigate intricate supply chains and customs rules to avoid unexpected financial liabilities. How Do Crypto Tariffs Impact the Mining Industry? The potential imposition of such substantial crypto tariffs on CleanSpark sends a clear signal across the entire digital asset mining sector. It underscores the growing scrutiny on the origins of hardware essential for operations. This isn’t just about CleanSpark; it’s about the broader implications for any company involved in the CleanSpark import of mining equipment. When tariffs are levied, they directly increase the cost of doing business. For a Bitcoin mining operation, higher equipment costs can: Reduce profit margins significantly. Slow down expansion plans due to increased capital expenditure. Force companies to seek alternative, potentially more expensive, supply chains outside of China. This scenario could reshape how mining companies procure their hardware, potentially leading to a diversification of manufacturing bases or increased prices for consumers of mined Bitcoin. Understanding US Customs Bitcoin Rig Classifications The decision by US Customs Bitcoin rig classification is a key element here. U.S. Customs and Border Protection is responsible for enforcing trade laws and regulations. Their classification of goods determines the duties and taxes that apply. For mining rigs, the “origin” of the product is crucial. Even if a company assembles rigs elsewhere, if significant components are sourced from a country subject to tariffs, the entire product might be classified as originating from that country. CleanSpark will likely need to present detailed documentation to challenge this classification, proving the true origin of the components or the final assembly location. This process can be lengthy and resource-intensive, diverting attention and capital from core mining operations. It emphasizes the need for robust compliance strategies for companies engaged in the global trade of specialized hardware. What’s Next for CleanSpark’s Import Challenges? CleanSpark now faces a critical challenge in addressing these potential CleanSpark tariffs . The company will undoubtedly engage in discussions and potentially legal processes with U.S. Customs to contest the classification. The outcome will have a direct impact on its financial health and future operational strategies. This situation serves as a powerful reminder for all players in the cryptocurrency space about the importance of supply chain transparency and regulatory compliance. As the industry matures, so too does the level of scrutiny from government bodies worldwide. Companies must be proactive in understanding and adhering to international trade laws to avoid similar pitfalls. Key takeaways for the industry: Due Diligence: Thoroughly vet supply chains and component origins. Compliance: Stay updated on international trade laws and tariff policies. Contingency Planning: Develop strategies for potential supply chain disruptions or unexpected costs. Conclusion: Navigating the Tariff Storm The potential $185 million in CleanSpark tariffs represents a significant hurdle for the company and a cautionary tale for the broader Bitcoin mining industry. While CleanSpark navigates this complex regulatory landscape, the incident underscores the growing intersection of global trade policies and the burgeoning digital asset economy. As the crypto space continues to expand, so too will the need for meticulous planning and adherence to international customs and trade regulations. This challenge could ultimately influence how companies source their essential Bitcoin mining rigs , potentially leading to more diversified global manufacturing and supply strategies. Frequently Asked Questions (FAQs) Q1: What is the primary reason CleanSpark faces these tariffs? A1: U.S. Customs and Border Protection classified some of CleanSpark’s imported Bitcoin mining rigs as originating from China, triggering punitive tariffs. Q2: How much could CleanSpark potentially owe in tariffs? A2: CleanSpark could face up to $185 million in punitive tariffs, according to disclosures. Q3: What does “originating in China” mean for these Bitcoin mining rigs? A3: It means U.S. Customs determined that the products, or significant components, were manufactured or sourced from China, making them subject to specific import duties. Q4: How might these tariffs impact the wider Bitcoin mining industry? A4: Such tariffs could increase equipment costs, reduce profit margins, and force mining companies to diversify their supply chains away from China, impacting global hardware procurement strategies. Q5: What steps can companies take to avoid similar tariff issues? A5: Companies should conduct thorough due diligence on supply chain origins, stay updated on international trade laws, and develop contingency plans for potential tariff disputes or disruptions. Stay informed on critical developments impacting the crypto mining industry! If you found this article insightful, please share it with your network on social media to help spread awareness about the challenges facing companies like CleanSpark. To learn more about the latest Bitcoin mining trends, explore our article on key developments shaping cryptocurrency regulations and their impact on industry growth . This post CleanSpark’s Alarming $185M Tariff Threat on Bitcoin Mining Rigs first appeared on BitcoinWorld and is written by Editorial Team

8 Aug 2025, 15:21

SoftBank plans to build AI servers in the Ohio plant as part of the Stargate plan

SoftBank Group has reportedly purchased Foxconn Technology Group’s Ohio plant to advance the Stargate AI data center project in collaboration with OpenAI and Oracle. The purchase was made at $375 million following the recent struggle experienced by SoftBank to raise funds for the support of the $500 billion Stargate plan. The nature of the sale has been private between the two companies, with sources declining to be identified. The acquisition aims to bring Foxconn into SoftBank’s plan to build AI data centers across the United States. The Stargate plan is expected to deliver more than 100,000 jobs across the U.S. The Stargate plan had been stalled for six months since its announcement in January by U.S President Trump. SoftBank plans to build AI servers in the Ohio plant as part of the Stargate plan The Stargate initiative was announced in January by U.S President Donald Trump as a private-sector investment. The plan could cost approximately $500 billion to build AI data centers across the U.S. in partnership with Oracle, SoftBank, and OpenAI. Softbank is reportedly the buyer of Foxconn EV plant in Ohio, potentially to be used as part of Stargate Project. SoftBank is scouting a number of potential sites to serve as a flagship for Stargate, weighing their access to water, power and telecom networks. But it’s… pic.twitter.com/eD0Jpj3pl3 — Ray Wang (@rwang07) August 8, 2025 Foxconn will operate the Ohio facility for its own AI server manufacturing. The Hon Hai Precision Industry Co. was the first investor in SoftBank’s plan and a notable supplier to Apple Inc. Bloomberg reported that the Ohio site may also be used to build AI data centers and manufacture AI servers. Hon Hai declined to give details of the transaction with SoftBank, citing the private nature of the acquisition. Reuters also revealed that it could not verify the Bloomberg report on the deal. The announcement came amid SoftBank and Foxconn’s separate deals on a $1.47 billion joint venture to establish a data center and manufacturing plant in the U.S. The two companies have contributed $735 million towards the deal so far. It’s, however, unclear if the $375 million Ohio plant acquisition forms part of the joint venture deal. Ohio plant acquisition may reignite Trump-backed AI data centers initiative Masayoshi Son leads SoftBank’s ambition to be a leader in AI-chip manufacturing. Since January, the company has faced drawbacks in raising funds for the Stargate deal. It also faced challenges evaluating potential sites for the flagship project, weighing in factors such as access to water, electricity, and networks. According to Yoshimitsu Goto, CFO at SoftBank, a lack of consensus between the partners is what has stalled the rollout of the project. China’s DeepSeek offered cheaper alternatives for AI models, which put the Stargate project at risk, among other factors such as U.S. tariffs. SoftBank found it harder to create a favourable pricing model for its products that could help secure finance for the $500 billion project. OpenAI and Oracle have already moved forward with the ChatGPT developer launching Stargate-branded data centers independently in Albene, Texas. The Albene site was launched before Trump’s January announcement. OpenAI is also a notable customer of the Stargate facility in Norway, and it plans to build a 5-Gigawatt Stargate data center in Abu Dhabi in collaboration with the MGX investment fund. According to Cramer , host of Mad Money on CNBC, the purchase of the Ohio EV plant signals a potential plan to reignite the stalled Stargate plan, which has suffered financial hurdles. It is still unclear whether the acquisition will accelerate the progress towards the $500 billion plan, depending on how quickly SoftBank can finalize its site selection and secure more partnerships. The Ohio plant will reportedly host manufacturing for AI servers and become the center of Stargate’s U.S rollouts. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

8 Aug 2025, 15:16

Trump Appoints Pro-Crypto Stephen Miran to Federal Reserve Board

Stephen Miran appointed to Fed Board; supports easing regulations. Miran calls for stronger presidential control and Fed accountability. Bitcoin briefly rises as markets anticipate potential rate cut in Sept. US President Donald Trump has appointed Stephen Miran to the Federal Reserve Board of Governors following Adriana Kugler’s resignation. Known as a pro-cryptocurrency advocate, Miran supports easing regulatory policies and a dovish stance on interest rates. “It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026,” Trump announced on his Truth Social page. Miran’s term will last until January 31, 2026, while the administration continues searching for a permanent Board member and a candidate to succeed Jerome Powell as Fed Chair; Powell’s term expires in May 2026. Reports indicate Christopher Waller is the leading candidate from the Trump administration for the chairmanship. Trump has frequently criticized Powell and the Fed’s existing leadership for slow policy responses and has advocated lowering interest rates to boost economic growth. The Federal Reserve recently kept rates unchanged for the fifth consecutive time. In an academic paper, Miran advocated for more direct control of the Fed by the presidential administration to address ”ills” like excessive oversight, lack of accountability, and a diminished focus on fighting inflation. Although Miran has yet to be confirmed by the Senate and faces a Banking Committee hearing, his appointment has already affected market sentiment. Senator Elizabeth Warren has voiced opposition and plans to question Miran’s loyalty during the confirmation process. Market players reacted positively to the news, with Bitcoin briefly climbing above $117,600 before retreating. Greg Magadini, director of derivatives at Amberdata, told Decrypt that Miran is “expected to be dovish, which is what Trump wants,” reflecting market optimism for easing monetary policy. The Federal Reserve’s next interest rate meeting is scheduled for September 16–17, 2025. According to CME data, there is nearly a 90% probability of a rate cut.

8 Aug 2025, 15:00

Ethereum Whales Add 1.80 Million ETH In 30 Days – Massive Accumulation Trend

Ethereum is trading above the $3,850 mark after staging a swift rebound from its recent correction, signaling renewed bullish momentum. The recovery has been fueled by strong buying interest, with market sentiment improving as price action tilts in favor of the bulls. Many analysts are now calling for a breakout above the $4,000 level in the coming sessions, a move that could set the stage for multi-month highs. Institutional adoption continues to strengthen Ethereum’s position, as more companies and funds integrate ETH into their portfolios. Meanwhile, network activity remains robust, with growing engagement in decentralized finance (DeFi), NFTs, and tokenized assets reinforcing the asset’s fundamental value. Adding to the bullish narrative, on-chain analytics platform Santiment reports that whales have accumulated massive amounts of Ethereum in the past 30 days. This sustained accumulation trend suggests that big players are positioning for a potential long-term rally, viewing the current levels as an attractive entry point. Whales Signal Confidence as Ethereum Eyes $4K Breakout According to analyst Ali Martinez, on-chain data shows that whales have purchased more than 1.80 million Ethereum in the past month. This large-scale accumulation supports the view that big players are positioning for long-term gains, despite ongoing market volatility. Such buying activity often precedes major moves, reinforcing bullish sentiment across the market. Analysts are increasingly calling for Ethereum to break above the $4,000 mark in the near term, with some projecting a test of all-time highs in the coming weeks. A sustained breakout could trigger strong momentum, but the path higher may not be without turbulence. Many expect a volatile consolidation phase below ATH levels before any decisive move toward uncharted territory. Adding to Ethereum’s bullish outlook is the rising trend of corporate ETH treasury strategies. Public companies such as Sharplink Gaming and Fundamental Global have recently integrated Ethereum into their balance sheets, marking a shift in institutional approaches to digital asset exposure. These moves highlight growing confidence in Ethereum’s long-term role as a settlement layer for decentralized finance, stablecoins, and tokenized assets. With both whales and institutions showing commitment, market watchers believe the coming months could mark the beginning of the long-awaited altseason. Ethereum Price Analysis: Bulls Target $4,000 Breakout Ethereum (ETH) is trading around $3,898 after an impressive recovery from its recent correction. The chart shows strong bullish momentum, with ETH breaking above the key resistance level at $3,860, now acting as short-term support. This breakout suggests increased buyer confidence, as bulls push for a move toward the psychological $4,000 mark. The 50-day simple moving average (SMA) is sloping upward and sits well above the 100-day and 200-day SMAs, reinforcing the bullish structure. Price action remains comfortably above all three major SMAs, a sign that the trend is still intact. Volume spikes on recent green candles also indicate growing market participation on the buy side. If ETH manages to close and hold above $3,900 in the coming sessions, momentum could drive it to test the $4,000–$4,050 zone, a key resistance that may trigger profit-taking before any further rally. On the downside, $3,860 is now the first line of defense for bulls, followed by the $3,700 area aligned with the 100-day SMA. Featured image from Dall-E, chart from TradingView

8 Aug 2025, 14:58

Ethereum Corporate Treasuries Grow to $11.9B as Buterin Cautions on Market Risks

A line of text in a paragraph.Buterin supports companies holding ETH to widen investor access. Public firms manage 3M ETH valued at $11.9B, led by BitMine Immersion. Buterin warns overleveraging ETH reserves risks cascading liquidations. Corporate treasuries on Ethereum are valuable because they expand the pool of investors and create alternative investment options. However, excessive leverage by companies could turn this into a “dangerous game,” Ethereum co-founder Vitalik Buterin said on the Bankless podcast. Buterin endorses the growing trend of public companies holding ether reserves, noting that this practice gives access to cryptocurrency for a wider range of investors, including those who cannot or prefer not to hold digital assets directly. However, he expressed concern over aggressive lending against Ethereum holdings, warning that such behavior could precipitate a market crash. “If you woke me up 3 years from now and told me that treasuries led to the downfall of ETH… my guess would be that they turned into an overleveraged game,” Buterin explained. Despite this, he is confident that Ethereum investors are disciplined enough to avoid such a scenario. “These are not Do Kwon’s followers,” Buterin remarked, referencing the 2022 collapse of the Terra blockchain. Ethereum Treasury Landscape As of August 8, public companies collectively manage around 3 million ETH worth approximately $11.9 billion. BitMine Immersion Technologies leads with 833,100 ETH valued at $3.2 billion. Close followers include SharpLink Gaming with 521,000 ETH ($2.04 billion) and The Ether Machine holding 345,000 ETH ($1.35 billion). On August 7, Nasdaq-listed Fundamental Global filed to sell $5 billion in shares to buy ether. The company had announced a $200 million private placement in late July, earmarked for Ethereum purchases and staking activities.