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Trump Signs New 10% Global Tariff Despite Supreme Court Defeat: Will BTC Crash Again?

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Trump Signs New 10% Global Tariff Despite Supreme Court Defeat: Will BTC Crash Again?


So far, bitcoin has remained relatively stable after the new tariffs were announced, but history shows pain might be on its way.

On Friday, the US Supreme Court ruled against President Trump’s tariffs, indicating that he could not use a 1977 law – the International Emergency Economic Powers Act (IEEPA) – to levy taxes on imports from almost all countries.

Trump’s reaction was immediate, calling the ruling a disgrace and threatening to take even more actions. He did so hours later, announcing a new 10% temporary tariff on goods from all countries under a law that was never used before, known as Section 122.

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It allows him to impose tariffs of up to 15% for 150 days before Congress steps in. However, experts have warned that Trump could once again work around the law, as Section 122 does not expressly prohibit him from allowing the tariffs to lapse after 150 days and then declaring a new emergency to bring them back.

It’s worth noting that the Friday court ruling applies only to tariffs that Trump had enacted under the IEEPA. This allows the President to regulate trade in response to an emergency. Additionally, tariffs imposed under Section 232 of the Trade Expansion Act of 1962 will remain, including those on steel, aluminium, lumber, and automotives.

In its 6-3 ruling on Friday, the Supreme Court failed to address or provide guidance on returning the money to the affected parties that paid the taxes, worth around $130 billion. Treasury Secretary Bessent said after the decision was announced that the refund issue could drag on for years.

For now, perhaps the most important question for crypto investors is whether these latest developments will lead to another crash in the market.

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Recall that BTC and the alts plunged in February and April last year when Trump hit essentially every country with tariffs. More corrections took place a few months ago when he only threatened the EU with additional taxation during the Greenland saga.

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So far, bitcoin has remained relatively stable, trading around $68,000. However, it appeared stable after the threats against the EU but plummeted once all financial markets opened on that Monday morning.

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Crypto World

Dutch Regulator Orders Polymarket to Halt Unlicensed Betting Operations

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The Netherlands Gambling Authority has moved against prediction markets platform Polymarket, ordering its Dutch affiliate, Adventure One, to stop offering wagering services to residents without a permit.

Key Takeaways:

  • Dutch regulators ordered Polymarket’s affiliate to halt operations for offering unlicensed betting to residents.
  • Authorities said prediction market wagers are illegal in the Netherlands, even for licensed gambling operators.
  • The case reflects wider global regulatory pressure on event-based contracts and prediction platforms.

In a notice released Tuesday, the regulator said the company must “cease its activities immediately” or risk penalties of up to $990,000.

Officials said the platform allowed users in the Netherlands to place bets prohibited under national law, including contracts tied to local elections, and had failed to respond to earlier requests from authorities to address the issue.

Prediction Markets Not Permitted Under Dutch National Gambling Rules

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“Prediction markets are on the rise, including in the Netherlands,” said Ella Seijsener, the authority’s director of licensing and supervision.

She added that such operators provide wagers that are not allowed in the Dutch market under any circumstances, even for licensed gambling companies.

Earlier this year, the company’s chief legal officer Neal Kumar said the firm was open to discussions with regulators while US federal courts consider questions over oversight of prediction markets.

The dispute mirrors broader regulatory tension around event-based contracts. In the United States, platforms offering similar products have drawn scrutiny from state authorities, many of which argue the services resemble sports betting.

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At the same time, leadership at the Commodity Futures Trading Commission has pushed back against state intervention, asserting federal jurisdiction over prediction market activity.

The enforcement action also comes as Dutch lawmakers debate tighter rules affecting digital assets.

The country’s House of Representatives recently advanced a proposal introducing a 36% capital gains tax on certain investments, a measure expected to cover cryptocurrencies if enacted.

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Should the Senate approve the plan, the tax could take effect as early as 2028.

For now, the regulator’s order places Polymarket’s operations in the Netherlands on hold, highlighting how rapidly growing prediction markets are colliding with national gambling frameworks across multiple jurisdictions.

Dutch Indirect Crypto Investments Hit €1.2B

As reported, Dutch exposure to cryptocurrency through financial securities has grown rapidly over the past five years, reaching about €1.2 billion by October 2025, according to De Nederlandsche Bank (DNB).

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The increase largely reflects rising prices of major digital assets rather than a surge of new investor money.

Holdings stood at roughly €81 million at the end of 2020, showing how valuation gains have expanded crypto-linked investments across households, institutions and companies.

Despite the jump, direct ownership of cryptocurrencies remains relatively limited for many investors.

Even with the growth, crypto securities represent only about 0.03% of the Netherlands’ overall investment market, indicating traditional assets still dominate portfolios.

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Last year, Dutch crypto firm Amdax raised €30 million ($35 million) to launch Amsterdam Bitcoin Treasury Strategy (AMBTS), a dedicated Bitcoin treasury company that plans to accumulate up to 1% of the total BTC supply, or roughly 210,000 Bitcoin.

The post Dutch Regulator Orders Polymarket to Halt Unlicensed Betting Operations appeared first on Cryptonews.

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Spot Bitcoin ETFs Post Five Consecutive Weeks of Outflows Reaching $3.8B

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Spot Bitcoin ETFs Post Five Consecutive Weeks of Outflows Reaching $3.8B

US spot Bitcoin exchange-traded funds (ETFs) have posted five consecutive weeks of net outflows, with investors pulling roughly $3.8 billion from the products over the period.

During last week, the funds recorded about $315.9 million in net outflows, according to data from SoSoValue. The biggest weekly withdrawal during this 5-week streak occurred in the week ending Jan. 30, when spot Bitcoin (BTC) ETFs recorded about $1.49 billion in net outflows.

The net weekly outflows come as some sessions posted inflows. On Friday, Bitcoin ETFs saw about $88 million in inflows, but they were outweighed by larger redemption days earlier in the week. Notable withdrawals included more than $410 million on Feb. 12, along with additional negative sessions from Feb. 17 through Feb. 19, leaving the weekly total firmly negative.

Spot Bitcoin ETFs see outflows for five consecutive weeks. Source: SoSoValue

As of Friday, spot Bitcoin ETFs have accumulated roughly $54.01 billion in net inflows since launch. Total net assets stood near $85.31 billion, representing approximately 6.3% of Bitcoin’s overall market capitalization.

Related: Bitcoin ETFs shed $166M as BTC heads for worst start in years

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Institutional de-risking drives Bitcoin ETF outflows

Recent withdrawals from spot Bitcoin ETFs appear tied to institutional positioning rather than a loss of long-term interest in the asset, according to Vincent Liu, chief investment officer at Kronos Research. He said the outflows reflect portfolio de-risking as geopolitical tensions and broader macro uncertainty rise.

Liu added that flows may remain unstable in the near term. Escalating trade disputes and tariff developments have reinforced a risk-off environment across markets, leaving digital assets sensitive to macro headlines.

“Market inflows will be dependent on macro events like incoming Thursday’s initial jobless claims, as weaker data could revive expectations for future rate cuts and help support sentiment currently at 14 extreme fear on the crypto fear and greed index,” he told Cointelegraph.

Related: Bitcoin ETFs still sit on $53B in net inflows despite recent outflows: Bloomberg

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Spot Ether ETFs see outflows

Spot Ether (ETH) ETFs have also faced sustained selling pressure, with flows turning negative across the past five weeks as investors trimmed exposure to the second-largest cryptocurrency.

Ether ETFs also see weekly outflows. Source: SoSoValue

During last week, the funds recorded about $123.4 million in net outflows, according to SoSoValue data. The weekly losses came despite occasional positive sessions. Ether ETFs posted inflows on several days, including about $48.6 million on Feb. 17 and $10.3 million on Feb. 13, but they were outweighed by heavier selling earlier in the week.

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