📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Analyst has a shocking plan for India to crush 50% tariffs
Analyst has a shocking plan for India to crush 50% tariffs originally appeared on TheStreet.
On Aug. 6, President Donald Trump took the global tariff war to another height as he hiked tariffs on India to 50% for buying oil from Russia despite the war in Ukraine.
While the decision left the global crypto community fuming due to concerns over the market, the reaction from the Indian crypto community was even more severe.
Kashif Raza, a prominent crypto voice in India, suggested the country take a crypto-centric approach to solve the tariff conundrum.
Ethereum is the right way for India to answer Donald Trump, Raza argued.
According to Raza, India's renowned IT companies will be worst hit by these tariffs. In fact, two of the leading IT firms of the country generated $26 billion in annual revenue from the U.S., he claimed.
In response, India can contain the loss by betting on Ethereum. One of the ways could be staking ETH, he said.
Staking refers to the process of locking up your crypto assets like ETH to help secure a proof-of-stake (PoS) blockchain network and earn yields in exchange.
Join the discussion with CryptoWendyO on Roundtable here.
Since ETH staking offers 4%-4.5% yields, India can stake $577 billion worth of ETH to earn $26 billion in yields, he added.
But how will the country accumulate such a large amount of Ethereum for staking purposes?
Raza points toward the country's massive gold reserve worth $84.5 billion, which he asks to be converted into ETH for staking. At the current ETH price of around $3,650, India can exchange its gold reserve for more than 23 million ETH tokens.
When Aditya Singh, another popular community voice, said only Bitcoin is the way, Raza highlighted a recent directive in the U.S. that encourages liquid staking. If U.S. corporations can earn billions by ETH staking, India shouldn't be left behind, he added.
Analyst has a shocking plan for India to crush 50% tariffs first appeared on TheStreet on Aug 6, 2025
This story was originally reported by TheStreet on Aug 6, 2025, where it first appeared.
View Comments