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$BOB entered the short position at a market price of 0.0174 last night, currently with around half a position in profit. Manage your take profit in batches or take all profits based on your own position!
🚨 #TRUMP signals possible new tariffs on Indian rice amid farm pressure 🇮🇳🇺🇸
US President Donald Trump has hinted at new tariffs on Indian rice, warning of “dumping” that he says is hurting American farmers. Speaking at a White House event, Trump promised stronger action to support the agricultural sector ahead of the midterm elections.
🚜 Farmers Under Pressure Producers across the US claim cheaper imports from India, Vietnam, and Thailand are pushing down local prices. Trump said he would “take care of it,” signalling firmer trade measures.
💥 More Tariffs Incoming? Trump also suggested he may impose severe tariffs on Canadian fertilizer, a sector crucial to US crop production. Such a move could raise farming costs further, despite Canada being America’s largest potash supplier.
🌎 Global Trade Tensions Rise India is already facing a 50% US tariff from earlier this year over trade barriers and Russian oil purchases. A US delegation will visit New Delhi soon, but expectations for tariff relief remain low.
Canada, too, has previously faced threats of tariff hikes—some potentially reaching 45%.
🌐 What It Means As the US prepares for elections, the administration appears set on protecting politically vital farm regions, even if it strains relations with key partners like India and Canada.
The dust has finally settled on Ethereum’s "Fusaka" upgrade, which went live last Wednesday. If the network were a city, this upgrade didn’t just pave the roads—it completely redesigned the traffic system. As we start the new week, the market is quietly acknowledging this shift, with the price holding steady around $3,150.
To understand why this matters, you have to look at how Ethereum used to handle data. Before last week, every node (computer) on the network had to download and verify every single piece of data—like a librarian forced to read every book cover-to-cover just to put it on the shelf. It was secure, but incredibly slow and heavy.
Fusaka changed this with a technology called PeerDAS. Now, nodes only need to sample small, random fragments of data to guarantee the whole set is correct. It is the mathematical equivalent of tasting a spoonful of soup to know if the whole pot is seasoned correctly, rather than eating the entire thing. This single change has cut the workload for validators by nearly 85%, allowing the network to process vastly more information without clogging up.
The financial world is taking notice. With the network running more efficiently than ever, big investors have continued to accumulate Ethereum, leaving very little supply sitting on exchanges. This "supply shock" acts like a coiled spring—if demand stays high, the price has nowhere to go but up.
All eyes now turn to Wednesday, December 10. The Federal Reserve is set to announce its latest decision on interest rates. In this quiet period before the announcement, Ethereum sits in a powerful position: technically upgraded, scarce in supply, and waiting for the macroeconomic signal to move. $ETH {spot}(ETHUSDT)
Disclaimer: Just a chart read, not financial advice. Research well, invest wisely, and only risk what’s safe.