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In the trade standoff between the United States and the European Union, a new episode has reignited tensions. Indeed, Donald Trump, true to his protectionist approach, is once again wielding the threat of massive tariffs, this time on European wines and champagnes. The announcement of a 200 % tax on these products follows Brussels’s decision to raise tariffs on American whisky to 50 %. The American president threatened, on Thursday, March 13, to impose a 200 % tariff on European wines, champagnes, and spirits. This announcement follows the European Union’s decision to increase taxes on American whisky by 50 %. “If these tariffs are not removed immediately, the United States will quickly impose tariffs of 200 % on all wines, champagnes, and alcoholic products coming from France and other EU countries,” declared Donald Trump on Truth Social. He accuses the EU of being “one of the most abusive and hostile authorities in the world regarding taxes and tariffs.” This new episode fits into a cycle of trade tensions initiated during his first term, marked by an aggressive taxation policy. The EU had already retaliated against American tariffs on steel and aluminum (25 %) with sanctions on several American products, including bourbon and motorcycles. Thus, the White House intends to retaliate with the same punitive logic. The impact of this decision would be devastating for the European wine industry. Furthermore, the United States represents the largest export market for French wines and spirits, with a turnover of 3.8 billion euros in 2024, according to the Federation of Wine and Spirit Exporters of France (FEVS). A 200 % tax could lead to a collapse in sales and a major loss of competitiveness against local producers and South American wines. Professionals in the sector denounce an instrumentalization of trade. “We are tired of being systematically sacrificed for issues unrelated to ours,” laments Nicolas Ozanam, General Director of FEVS. The European lobby Spirits Europe also calls for “stop using” the sector “as a bargaining chip in conflicts that have nothing to do with it.” While the President of the European Commission, Ursula von der Leyen, states that the EU is “open to negotiation,” the political response is being organized. François Bayrou, the French Prime Minister, immediately reacted: “We cannot let ourselves be overwhelmed by threats of this kind.” His Minister for Foreign Trade, Laurent Saint-Martin, insists: “We will not yield to threats and will always protect our sectors.” His electoral base, particularly in whisky-producing states like Kentucky, applauds these protectionist measures. The European taxation on bourbon has been perceived as an attack on an emblematic industry of the United States. Trump aims to demonstrate his firmness against the EU while reinforcing his image as a defender of the American economy. Previous customs conflicts have shown that these measures can quickly extend to other sectors. In 2018, the Trump administration had already imposed tariffs on French wine in the context of the Airbus-Boeing conflict. Today, the fear of a domino effect is being felt. A commercial escalation could impact other luxury industries, agricultural exports, or even the technology sector. The outcome of this standoff remains uncertain. A diplomatic compromise is still possible, particularly through a renegotiation of tariffs. However, the electoral dynamics in the United States could prompt Trump to maintain a hardline stance against Brussels. If no agreement is reached, the specter of a prolonged trade war could weigh on the global economy, financial markets, and even investors’ confidence in international trade. One thing is for sure: the wine battle is just beginning.

Charles Hoskinson, an active crypto leader who is passionate about the blockchain industry, has recently been spotted as ignored from the March 7 summit. The event held at the White House has only invited a few of the Crypto Personalities while leaving out the co-founder of Cardano. The report from Unchained says that not only the confounder Hoskinson but also the whole Cardano team remains uninvited from the guest list of the crypto summit. This decision provoked many questions and uncertainty, picking around the crypto industry. Why Was Hoskinson And Cardona’s Team Left Out of the Crypto Summit? According to information from the White House, the reason for not inviting Charles Hoskinson, the co-founder of Cardano, and the entire Cardano team was that their views were not considered important enough to influence government policies related to cryptocurrency. Hence, from the list of 25 participants, the name of the co-founder seemed to be ignored. This situation made the enthusiast notice the kind of the White House’s attitude toward the crypto industry. Trump’s Past Remarks vs. The Summit Snub: A Contradiction Trump’s past comment about Cardano’s native token, ADA, has made the situation more complicated as he stated that ADA is an important part of the future crypto reserve. This public statement indicates that Cardano might hold some importance in the crypto policy conversation. Although this may directly contradict Hoskinson’s exclusion from the White House Crypto Summit. Some view this event as a minor oversight, while others argue that it can indicate major political divides or changes in priorities within the U.S. government in accordance with Cryptocurrency. The White House Crypto Summit: What’s at Stake for Cardano and Crypto Policy The white House Crypto Summit is initiated to play an important role in shaping the future of crypto policy in the U.S. This summit will aim to bring leaders, policymakers, and experts together to address important issues like consumer protection, financial stability, and innovation in the Cryptocurrency However the exclusion of Hoskinson may give rise to concern whether the summit will have a wide range of perspectives and voices which are required for making effective decisions and policies. Hoskinson understands Blockchain technology and decentralized systems deeply, and his advice and views could have provided valuable insights for policymakers. His absence narrows the policy framework. What Does This Exclusion Mean for Cardano’s Future? Cardano will remain a powerful player in the crypto space regardless of Hoskinson’s exclusion from the White House Crypto Summit. This project stresses peer-reviewed research, security, and scalability, which continues to attract developers and users alike. The project will continue successfully as Cardano’s strong community, growing ecosystem, and decentralized application, regardless of the political dynamics. Although political engagement can certainly make an impact on the regulatory environment, the fundamental strength of Cardano, like its strong technology and decentralization, remains unaffected by the exclusion of Hoskinson from the summit. Cardano will remain the top Blockchain leader because of its community’s hard work and innovative spirit. Final Words What’s Next for Cardano and Crypto Regulation? Charles Hoskinson, Cardano’s co-founder, was not invited to the White House Crypto summit, which was surprising, as Cardano’s importance in the crypto world remains unconsidered. Cardano is yet expected to remain powerful. As we all are waiting for the White House Crypto summit outcome, the exclusion of Hoskinson will state the complex relationship between political and evolving crypto space. Want to know more about happenings in the crypto space, then do reach out to The BitJournal FAQs When is the White House Crypto Summit 2025? The White House Crypto Summit is estimated to be held on March 7 2025 2. Why is the White House Crypto Summit being held? The White House Crypto Summit is being held to discuss issues on cryptocurrency like consumer security, financial stability, and the future of cryptocurrency regulation. 3. Why wasn’t Hoskinson ignored at the summit? Hoskinson’s views were not seen as important to frame and impact future crypto policies. 4. How does Hoskinson’s Current Status affect Cardano? This status adds restrictions to Cardano’s participation in cryptocurrency policies. 5. What did Trump say about Cardano? Trump said that Cardano’s token, ADA, could be part of the future crypto reserve. Glossary Crypto Summit- A meeting about cryptocurrency and blockchain technology. Charles Hoskinson- The co-founder of Cardano. Cardano- A blockchain platform cofounded by Charles Hoskinson. ADA- The digital coin of the Cardano network. White House – The government of the US, which regulates crypto policies Sources- Coinmarketcap Unchained

The International Monetary Fund (IMF) has finally greenlighted a deal that was informally approved last year, granting the Salvadorean government a $1.4 billion credit facility. The arrangement seeks to improve Salvadoran finances in exchange for implementing a program that limits Bukele’s administration’s bitcoin moves. The fund’s Executive Board passed the $1.4 billion loan and executed an immediate disbursement of $113 million. This is only the first tranche of the agreement, with the remaining funds being distributed in the next 40 months. Furthermore, the fund expects this commitment to entice other organizations to offer their support to the Salvadoran administration, estimating that the total support would reach over $3.5 billion. In a press release, the fund finally offered more insight into the inner workings of the arrangement. Nigel Clarke, IMF’s deputy managing director and acting chair, stated that it recognized the advancements of El Salvador in the tourism and personal security areas. Nonetheless, Clarke acknowledged the country is marred by high debt and weak financials, which are being addressed with these measures. Bitcoin is also a key part of the deal, with Clarke stating that risks derived from the cryptocurrency’s adoption are being addressed. He declared: Going forward, program commitments will confine government engagement in Bitcoin-related economic activities, as well as government transactions in and purchases of Bitcoin. While the wording is confusing, this would imply that El Salvador would have to limit its bitcoin purchases to an agreed number or stop them entirely. In line with the spirit of the deal, Bukele already spearheaded a reform that changed bitcoin’s tender status in the country, making its acceptance voluntary and withdrawing the possibility of paying taxes with it. Read more: El Salvador Complies With IMF Requirements: Bitcoin Legal Tender Status Withdrawn Nonetheless, El Salvador has continued to purchase bitcoin. On social media, President Bukele posted the country’s latest 7 BTC purchase after a seven-day hiatus. Read more: Faith Rekindled: El Salvador Buys Bitcoin Again After One-Week Hiatus 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

The meme coin sector is growing rapidly, with thousands of tokens released daily. While many market experts have bashed the industry and its inherent lack of utility, some others believe the sector is not completely useless. One of them is Ki Young Ju, founder and CEO of the market analytics platform CryptoQuant. Ju says meme coins are “archetypes of the collective unconscious.” Archetypes of the Collective Unconscious According to the Swiss psychiatrist Carl Jung, who developed the collective unconscious theory, universal, primordial images and patterns of thoughts exist within the shared unconscious mind of all humanity. These thoughts and images are considered archetypes and manifest in myths, dreams, and cultural symbols. They represent the fundamental aspects of the human experience and influence their behavior and perception of the world. In other words, archetypes are patterns of thought that strive for realization within a human environment. Hence, the process of actualizing these thoughts influences the development of an individual’s unique identity and guides their journey of self-discovery and transformation. Jung’s theory classifies archetypes of the collective unconscious into four main groups: self, persona, shadow, and anima/animus. Going by the classification, Ju believes animal meme coins reflect shamanism, a spiritual practice involving interacting with spirits through altered states of consciousness. Shamans revere animals and venerate them as spirit messengers and guides. Celebrity meme coins, on the other hand, reflect higher religions that revere humans. Meme Coins vs. Art Markets There are a lot of animal-themed meme coins, and they include the dog-themed projects Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), Floki (FLOKI), and dogwifhat (WIF). Likewise, the market has seen a surge in the launch of celebrity meme coins like Official Trump (TRUMP), Mother Iggy (MOTHER), Official Melania Meme (MELANIA), Jason Derulo (JASON), Timeless Davido (DAVIDO), and Caitlyn Jenner (JENNER). Ju pointed out that human evolution has been driven by shared beliefs that encompass worshiping, forming groups, and collaborating and that meme coins are an outcome of such developments. Therefore, people who thrive as entrepreneurs in the crypto industry are those who can create something people believe in. Meanwhile, the CryptoQuant founder has also likened meme coins to art markets, insisting that the value of both sectors is assessed through narrative. The post Why Meme Coins Represent Archetypes of the Collective Unconscious: CryptoQuant CEO appeared first on CryptoPotato.

Digital asset whales have picked up huge Dogecoin (DOGE) holdings amid the ongoing price correction. Meme coins like DOGE, Shiba Inu (SHIB), and Dogwifhat (WIF) recorded outflows in the last seven days, but mid-week numbers show signs of a reversal. The wider crypto market traded sideways after sentiments plunged in reaction to U.S. macro tensions. Whales Take Huge DOGE Positions This week, crypto whales have capitalized on the crypto downturn to accumulate meme coins. On-chain data shows traders acquired 750 million DOGE tokens, which shows strong signs of a possible reversal. This has been re-echoed by market analysts pointing to on-chain and price charts backing an uptick. The leading meme coin stands at the fore due to the Elon Musk effect, amongst others. Crypto repositioning is normal during dips as retail clients exit the market for larger holders. DOGE whales dominate the market, shaping the wider direction of these assets. Recently, DOGE whales have intensified buying pressure in a bid to recover losses ahead of the coming altcoin season. In the same period, traders moved assets off exchanges to other custodians. Despite recording double-digit price falls, meme coins are known to outpace the wider sentiments due to high volatility. This week, Canadian blockchain company Neptune Digital Assets purchased 1 million DOGE worth approximately $270,000 as part of its pro-crypto efforts. This comes after Spirit Blockchain brought DOGE to its holdings, marking a rise in institutional investment in the meme coin. Neptune Digital Assets increased its Bitcoin portfolio by $2 million currently holding 376 BTC worth approximately $37 million in the asset. Growing institutional interests in Bitcoin have a ripple effect on meme coins. DOGE To Ignite Altcoins At the time of writing, DOGE trades at $0.2491, down 5% today along the lines of other meme coins. The asset’s weekly losses are over 20%, flagged as a good entry point for most traders ahead of anticipated gains. Dogecoin’s projected gains can fuel inflows to other coins as part of a wider cycle high. For more traders, momentum lies in the approval of a spot Dogecoin ETF expanding its reach to more investors. Like Bitcoin products, these funds are expected to lead a new horizon as bulls set sights on $1. Furthermore, traction from positive US legislation and Elon Musk’s lead Department of Government Efficiency (DOGE) are expected to build positive sentiments for several market participants.