Coinbase to List DRAM and SOXL Perpetual Contracts

The U.S. Trade Representative (USTR) said local time on the 15th that, pursuant to instructions from U.S. President Donald Trump, U.S. Trade Representative Greer is taking final action under Section 301 of the Trade Act of 1974 to impose a 25% tariff on certain Brazilian goods. The decision stems from a year-long USTR investigation, which found that certain measures taken by Brazil in areas including digital trade and electronic payment services, unfair preferential tariffs, interference in anti-corruption law enforcement, intellectual property protection, ethanol market access, and illegal deforestation constitute "unreasonable practices" that have imposed burdens or restrictions on the business activities of U.S. farmers, workers, innovative enterprises, and exporters. Greer stated: "Despite extensive negotiations between the U.S. and Brazil over the past year, these issues have not been resolved. The U.S. remains willing to continue negotiations with Brazil to address the long-standing problems identified in this investigation." The U.S. will exempt Brazilian beef and coffee from the new 25% tariffs imposed on certain Brazilian goods. (Jinshi)

According to Lookonchain’s monitoring, crypto whales continue to accumulate ETH. Approximately 9 hours ago, three newly created wallets withdrew 30,000 ETH from Coinbase Prime, totaling around $57.66 million.

The U.S. International Trade Commission (ITC) has voted to launch a Section 337 investigation targeting certain dynamic random-access memory (DRAM) devices, their downstream products, and components (II) (Investigation No. 337-TA-1511). The ITC will set the investigation’s termination date within 45 days of case filing. Unless vetoed by the U.S. Trade Representative (USTR) on policy grounds, the relief orders issued by the ITC in Section 337 cases take effect on the date of issuance and become final 60 days thereafter.

Tanzania’s central bank Governor Emmanuel Tutuba announced that the bank is accelerating the development of a digital asset regulatory framework, with relevant laws and regulations now in the final drafting stage. The framework will cover supervision of virtual assets including cryptocurrencies and stablecoins. Tutuba noted the initiative aims to strengthen investor protection—especially for young investors participating in the crypto market—while mitigating risks from money laundering, terrorist financing and other illegal activities, and enhancing the central bank’s regulatory oversight over the digital asset market.

According to Lookonchain monitoring, a crypto whale dormant for 8 years has transferred 5,908 BTC (valued at approximately $383 million) to a new wallet. The address purchased this batch of BTC at an average price of around $16,900 eight years ago and has held onto it ever since. Currently, the asset is worth roughly $383 million, with cumulative unrealized profit of about $283 million and a return rate of approximately 284%.

SK Hynix ADRs and its South Korea-listed common shares are set to open for two-way conversion by the end of this month, though the arbitrage trades individual investors had hoped for are unlikely to materialize. While the two instruments are interchangeable in principle, investors may not be able to convert them as freely as trading regular stocks. The Korea Securities Depository (KSD) said on the 16th that mutual conversion between SK Hynix ADRs and its South Korean common shares will be possible after the 29th, the scheduled listing date of the newly issued South Korean common shares. However, the actual conversion process is subject to multiple conditions. Conversion of South Korean common shares to ADRs can only be done within the ADR issuance limit set by the issuer. For instance, if the ADR issuance limit corresponds to 1 million common shares, and 900,000 shares have already been issued, only 100,000 shares are available for additional conversion. In contrast, converting ADRs back to South Korean common shares is not subject to a separate issuance limit. Industry insiders note that individual investors will struggle to use this as a practical investment strategy. Converting common shares to ADRs requires a separate application through a securities firm, and involves procedures such as foreign exchange conversion. Each securities firm handles the process differently, so conversion cannot be completed instantly via mobile or online trading systems like regular stocks. (Jinshi)