The Solana-based ETF by REX-Osprey began trading on July 2. The ETF surpasses $222 million in trading volume by July 16. Continue Reading: Investors Flock to Innovative Solana-Based ETF for Unprecedented Returns The post Investors Flock to Innovative Solana-Based ETF for Unprecedented Returns appeared first on COINTURK NEWS .
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Canada’s Minister for International Trade revealed that both Ottawa and South America’s Mercosur grouping are eager to deepen negotiations toward a free‑trade accord, as the government looks to expand its exports outside the United States. On Thursday, Sidhu told Reuters that after talking with Brazil’s foreign minister, he felt there was real interest in Mercosur talks. At the same time, Prime Minister Mark Carney’s team is working with President Trump to try to finish a deal by August 1 that would cut tariffs on Canadian goods. Even as these talks advance, Ottawa is working to lessen its deep dependence on its bilateral commerce with the United States, which topped C$1 trillion (US$727.33 billion) in trade last year. It intends to pursue additional trade pacts in various regions to diversify its export destinations. Mercosur talks ongoing but no deal yet Earlier in April, Brazil’s President Luiz Inacio Lula da Silva expressed interest in pushing forward negotiations between Canada and the four‑nation Mercosur alliance. The southern cone trading group, made up of Brazil, Argentina, Paraguay and Uruguay, has previously engaged in multiple negotiation sessions with Canada, but a formal agreement has yet to be concluded. Sidhu emphasized continued engagement with China , commenting, “With China, there are opportunities, there are challenges.” He noted that officials are having open talks regarding duties applied to products such as canola, beef, pet food and additional items. He also described the recent warming of relations with India as beneficial for commercial relations. At present, Canada maintains 15 trade agreements spanning 51 markets, opening opportunities for its companies to roughly 1.5 billion consumers around the globe. Sidhu mentioned that the government plans to negotiate further pacts in the coming months, without naming how many additional accords he anticipates finalizing. Within his initial two months in office, Sidhu concluded a trade agreement with Ecuador as well as an investment promotion arrangement with the United Arab Emirates. He added that talks have been launched with ASEAN member states and several Indo‑Pacific nations, such as Indonesia and the Philippines. Sidhu warned about Canadian firms’ over reliance on U.S. Market Sidhu cautioned that too many Canadian firms still lean heavily on the U.S. marketplace and have seen their competitive edge eroded by increased American duties. He said, “My job is to be out there opening doors,” and noted his intention to expand both commercial partnerships and defense sourcing beyond American vendors. Prime Minister Carney has earmarked another C$9 billion for defense this year to meet NATO’s 2% of GDP benchmark. Sidhu added, “We are working with the European Union and other partners around the world to help unlock some of those procurement opportunities in defense for our Canadian companies.” Statistics indicate that in May, exports destined for the United States dropped to 68% of Canada’s overall shipments, compared with a 75% monthly average the previous year, the smallest U.S. portion ever recorded, as exporters pursued alternative markets. Sidhu declined to outline specifics of a prospective Canada U.S. arrangement but emphasized that Ottawa will “work towards a deal that’s best for Canadian businesses and Canadian workers.” Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
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Amid rising concerns that foreign powers could exploit untraceable cryptocurrency to sway British politics, UK Cabinet Office Minister Pat McFadden has called for election officials to consider banning political donations made in digital currencies. Key Takeaways: UK minister Pat McFadden has asked for a review of crypto political donations. Campaigners warn that unregulated crypto donations could enable covert foreign influence. Lawmakers call for stronger enforcement and transparency. Speaking to MPs, McFadden said tracing crypto donations is challenging, urging the Electoral Commission to review whether current rules are fit for purpose in the evolving digital age. McFadden’s remarks follow Nigel Farage’s announcement that his Reform UK party would become the first British political group to accept Bitcoin donations , echoing moves by Donald Trump’s 2024 campaign. Crypto Donations Could Enable Covert Foreign Interference in Politics Campaigners like Spotlight on Corruption warn that such practices could open doors for covert foreign interference, undermining democratic processes. During a joint Commons and Lords committee session on national security, Labour MP Liam Byrne pressed McFadden on the issue, prompting the minister to stress the importance of transparency and legislative updates to protect the integrity of political funding. Further concerns were raised about donations from “unlimited companies,” whose financial records are difficult to scrutinize. Both McFadden and Byrne agreed that strengthening resources for the Electoral Commission and the National Crime Agency is essential to better police political finances. Byrne described current party finance rules as a “Kremlin’s charter” favoring opacity, calling for bans on crypto donations and foreign money, alongside enhanced enforcement. NIGEL FARAGE'S REFORM UK BECOMES THE 1ST PARTY IN BRITAIN TO ACCEPT #BITCOIN DONATIONS pic.twitter.com/9ZQXtvNPIL — The Bitcoin Conference (@TheBitcoinConf) May 29, 2025 While McFadden’s comments signal openness to tighter crypto donation controls, government sources indicate upcoming election reform proposals may stop short of an outright ban. Instead, the forthcoming strategy paper is expected to tighten general foreign interference rules, extend them to digital currencies, and promote voter registration reforms, such as lowering the voting age to 16 and protecting candidates from abuse. Transparency campaigners remain wary that the government may avoid capping donations or restoring the Electoral Commission’s criminal investigation powers. As calls grow for stronger donation checks, including peer Margaret Hodge and democracy advocate Tom Brake, the debate continues over how to safeguard UK democracy against evolving threats in the digital era. UK to Enforce Mandatory Crypto Trade Reporting The UK will require crypto firms to collect and report detailed customer information on every trade and transfer starting January 1, 2026, as part of a sweeping effort to strengthen tax compliance and oversight in the digital asset sector. According to a recent statement from HM Revenue and Customs (HMRC), the new rules will mandate that platforms record full names, home addresses, and tax identification numbers for all users. Each transaction must also be logged with specifics such as the cryptocurrency used and the amount transferred. The reporting obligation extends beyond individual users to include companies, trusts, and charities engaged in crypto activity. Firms that fail to comply or submit inaccurate data may face penalties of up to £300 ($398) per user. The post UK Minister Urges Ban on Crypto Political Donations Over Foreign Influence Fears appeared first on Cryptonews .
Neiro community lead S called memecoins “the most attractive segment" in crypto, while Xion CEO Anthony Anzalone claimed they destroy crypto’s reputation.
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More on crypto, etc. Bitcoin Has Entered Its Subprime Asset Bubble Phase The Real Narrative Behind Bitcoin That You Need To Know Bitcoin Boom And Bust: Getting Ready For The Market Top Asia markets see modest gains on Wall Street's lead, yen weakens before crucial Japan election; U.S. futures inch higher House passes crypto market structure bill, buoying bitcoin, crypto stocks
The US House of Representatives has approved three cryptocurrency-related bills , which move them forward before the August break.
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