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The Czech government lowered its forecast for economic growth because it anticipated that companies would reduce investment due to the risks associated with U.S. tariffs. The Finance Ministry now projects a 2% GDP increase in 2025, down from the earlier 2.3% estimate. Officials noted that weak exports are slowing overall growth, while household spending remains the main driver of expansion. The updated forecast accounts for the impact of previous U.S. tariffs on EU automobile, steel, and aluminum exports but does not factor in President Donald Trump’s more recently announced and subsequently suspended tariffs. A chief economist of the Finance Ministry, David Prusvic, predicted that the uncertain status of international trade will negatively impact corporate spending plans in one of Europe’s most export-dependent economies. Furthermore, in line with reports from sources, Prusvic clarified that their companies’ investment strategies were based on domestic and international economic trends, especially those in the euro area. Meanwhile, the Czech Republic’s primary industries are auto parts and automobile manufacturing, with exports to the EU accounting for around 80% of the nation’s GDP. However, investors are worried about the fate of Trump’s recent tariffs. The Finance Ministry’s recent findings make the situation even worse. According to the ministry, Czech economic growth could drop further to around 1.6% this year if those tariffs are implemented. While the full impact remains uncertain, the ministry suggested that Germany’s proposed fiscal stimulus—given its role as the Czech Republic’s largest export destination—could offer some relief. As Central Europe started calculating the probable costs of a trade war, leaders in the Czech Republic and Poland indicated that they were prepared to retaliate against new U.S. tariffs on April 3, while Hungary, a country in Europe, accused Brussels, the capital city of Belgium, of causing tensions with Washington. Furthermore, Ursula von der Leyen, president of the European Commission, called the U.S. President Donald Trump’s universal tariffs a serious setback to the global economy and stated that the 27-member bloc was ready to retaliate with countermeasures if negotiations with Washington broke down. This came after Trump’s remarks caused Central Europe’s stock markets and currencies to drop sharply. The Czech crown was hardest hit as it dropped past the crucial 25 per euro mark in early trading before reducing its losses gradually by making adjustments to minimize the negative impact of the situation. In response, on the social media X platform, Czech Prime Minister Petr Fiala posted that having no tariffs was the best option. However, the two parties needed to be willing to agree. He highlighted that Europe was ready to engage in dialogue with the United States, but at the same time, it was prepared to respond clearly. Even though Poland was less vulnerable to risk because of its sizable domestic market and decreased reliance on auto exports, Donald Tusk, the prime minister of Poland, declared that the U.S. decision would slow economic growth and that appropriate decisions on reciprocal tariffs were required. Tusk elaborated on his X account that a preliminary assessment estimated that new U.S. tariffs might decrease Polish GDP by 0.4%. Even under conservative projections, losses are expected to surpass 10 billion zlotys (approximately $2.63 billion). Around 20% to 30% of Central Europe’s exports—largely automobiles—go to Germany, highlighting the region’s deep ties to car manufacturing. According to S&P Global, the new U.S. trade measures threaten to further dampen growth prospects across Central Europe. Last month, the Czech Automotive Industry Association said that its export-oriented auto industry might still suffer despite the Czech Republic having relatively little direct exposure to United States sales. The Czech Automotive Industry said in a statement that the tariff increase announced would “massively” affect many Czech parts and services suppliers, especially those that supply customers in Germany. This would result in a major loss of orders and fewer export opportunities. Erste Group economists warned that Slovakia could experience an even sharper impact, with the cumulative effect of the tariffs potentially shaving 1.5 percentage points off its GDP over the next three years. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

OpenAI has filed a lawsuit against Elon Musk, accusing the billionaire tech figure of attempting to sabotage the AI company through a pattern of disruption through what it calls a pattern of disruption – including an allegedly fraudulent acquisition proposal reportedly worth $97.375 billion. The suit, filed in a California district court, seeks financial damages and orders (injunctive relief) intended to stop Musk’s alleged interference, claiming Musk’s actions aimed to harm OpenAI while benefiting his rival firm, xAI. The legal filing claims Musk first tried to gain control of OpenAI after unsuccessfully pushing for it to shift from its original nonprofit structure to a for-profit model with himself installed as CEO and majority shareholder. OpenAI alleges that internal emails, presented as evidence , show Musk proposing to take complete ownership in return for funding – an offer OpenAI declined. The lawsuit goes on to assert that Musk later used public platforms and legal pressure to interfere with the company’s operations and partnerships. “Musk has tried every tool available to harm OpenAI,” the complaint states, citing press statements, legal claims, and social media posts shared on X . OpenAI claims his actions disrupted OpenAI’s relationships with current and potential investors, increasing operational burdens and raising employee concerns about possible instability. Related: OpenAI Now Worth $300 Billion After Massive $40B Funding Round OpenAI’s legal team argues that Musk’s $97.375 billion offer to buy the company was never genuine. According to the complaint, Musk provided no clear funding source behind the proposal, and the massive figure appeared disconnected from any standard business rationale. The company even suggests, without naming it, that the number referenced Musk’s preferred science fiction series. Related: Sam Altman’s $9.74B Twitter Offer To Elon Musk’s $97.4B OpenAI Bid The complaint further claims that Musk’s actions were “intentionally designed” to interfere with OpenAI’s business and limit its ability to compete in the AI sector. The filing suggests that Musk sought to secure an advantage for his company, xAI, by undermining OpenAI’s credibility and stability. This legal action by OpenAI comes after Musk sued the organization himself back in March. Musk’s suit alleged OpenAI violated what he claimed was a “Founding Agreement” by abandoning its non-profit mission and failing to make its technologies open source. OpenAI countered then that no such binding founding agreement existed in the way Musk described, and produced emails allegedly showing Musk was aware of and even supportive of the planned shift towards a for-profit structure. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Popular asset manager 21Shares has made history by launching Europe’s first Dogecoin (DOGE) Exchange-Traded Product (ETP). 21Shares collaborated with the House of Doge to create the only DOGE ETP endorsed by the Dogecoin Foundation. According to the announcement , the 21Shares Dogecoin ETP with the DOGE ticker is scheduled to go live on Europe’s SIX Swiss exchange. The product is backed physically 100%, providing investors with a sure way to gain exposure to Dogecoin through traditional financial channels. Additionally, 21Shares will charge investors a 2.5% management fee. The new DOGE ETP will empower new types of investors to participate in the Dogecoin ecosystem. Therefore, the product will help to reinforce Dogecoin’s role as a leader in the future of digital assets. Advisory Board Member at House of Doge Jens Wiechers said institutional support and corporate partnerships are essential for Dogecoin to reach its full potential as a global currency. He added that 21Shares DOGE ETP provides a regulated path for institutions to participate in the ‘Dogecoin is Money’ vision. “Global adoption is critical, and we’re excited to take this next step – ensuring Dogecoin stays fun, but gains the credibility and backing needed to thrive at scale,” he concluded. Dogecoin launched in 2013 as a light-hearted alternative to Bitcoin. However, it has become one of the most widely recognized and accessible cryptocurrencies. The memecoin is known for its low fees, fast transaction speeds, and increasing merchant adoption. Leading brands like Microsoft and AMC Theatres already accept Dogecoin as a payment method. In a recent study, we reported , Cardano Founder Charles Hoskinson proposed that Elon Musk integrate Dogecoin on social media X, formerly Twitter. Hoskinson mentioned that an old Bitcoin 2 roadmap he had written years ago could form the base for DOGE’s inclusion on X. Besides its technical advantages, Dogecoin has built a highly engaged and socially impactful community. Supporters of the memecoin have also helped to drive initiatives ranging from charitable fundraising to financial accessibility efforts. Meanwhile, talks about a potential Dogecoin Exchange-Traded Fund (ETF) approval are growing in the crypto market. As previously mentioned in our report, this follows filings from asset managers like Bitwise, Rex Shares, and Osprey Funds. Bloomberg Senior ETF Analysts Eric Balchunas and James Seyffart have predicted that the SEC will likely recognize these filings. With a pro-crypto administration under Donald Trump, market participants are optimistic about a possible DOGE ETF launch this year. Furthermore, the launch of the first XRP ETF in the US has sparked expectations for a DOGE ETF soon. However, the price of DOGE has yet to reflect the excitement about the ETP launch. DOGE’s price is currently trading at $0.145, down 3.35% from the previous day.

The crypto community in Germany is worried after recent political developments suggest the end of one of the most favorable tax advantages for Bitcoin holders. According to reports from Berlin, the SPD (Social Democratic Party) is expected to head the finance ministry in the upcoming government—bringing with it significant changes to how crypto is taxed. Germany currently offers one of the most attractive crypto tax setups in the world. If you hold Bitcoin or any cryptocurrency for more than one year, any profits made from selling are completely tax-free. But that might be about to change. Sources say the SPD is planning to eliminate the one-year tax-free rule. Under the new plan, crypto gains could become permanently taxable—regardless of how long you hold your coins. The proposal suggests a flat 25% tax rate, aligning crypto profits with Germany’s existing capital gains tax known as “Abgeltungssteuer.” The move has sparked intense backlash from both retail investors and tax consultants, with many saying it will stifle innovation and make Germany less attractive for crypto users and builders. Some fear this could drive investors to other European countries with more favorable tax laws, like Portugal or Switzerland. Others, however, say the change brings crypto into the same legal framework as traditional finance—something that might be necessary for mainstream adoption. If this tax reform goes through, HODLing Bitcoin in Germany will no longer be a safe tax-free strategy. This could lead to short-term volatility in the market, as investors adjust their strategies. On the flip side, it may push more users to embrace regulated, tax-efficient crypto products or even explore offshore solutions. The crypto community in Germany is worried after recent political developments suggest the end of one of the most favorable tax advantages for Bitcoin holders. According to reports from Berlin, the SPD (Social Democratic Party) is expected to head the finance ministry in the upcoming government—bringing with it significant changes to how crypto is taxed. Germany currently offers one of the most attractive crypto tax setups in the world. If you hold Bitcoin or any cryptocurrency for more than one year, any profits made from selling are completely tax-free. But that might be about to change. Sources say the SPD is planning to eliminate the one-year tax-free rule. Under the new plan, crypto gains could become permanently taxable—regardless of how long you hold your coins. The proposal suggests a flat 25% tax rate, aligning crypto profits with Germany’s existing capital gains tax known as “Abgeltungssteuer.” The move has sparked intense backlash from both retail investors and tax consultants, with many saying it will stifle innovation and make Germany less attractive for crypto users and builders. Some fear this could drive investors to other European countries with more favorable tax laws, like Portugal or Switzerland. Others, however, say the change brings crypto into the same legal framework as traditional finance—something that might be necessary for mainstream adoption. If this tax reform goes through, HODLing Bitcoin in Germany will no longer be a safe tax-free strategy. This could lead to short-term volatility in the market, as investors adjust their strategies. On the flip side, it may push more users to embrace regulated, tax-efficient crypto products or even explore offshore solutions.

Goldman Sachs has reversed its recession forecast after President Donald Trump announced a 90-day pause on most of the administration’s new tariffs, calming markets rattled by trade war fears. Earlier Wednesday, Goldman analysts shifted to a recession baseline following the rollout of new country-specific tariffs. But after Trump’s announcement, the firm updated its outlook to a “non-recession baseline,” projecting modest GDP growth of 0.5% by Q4 2025 and three expected Fed rate cuts starting in June, according to CNBC reporting . Markets responded quickly. Bitcoin surged past $82,000, and the Nasdaq approached a 10% gain, recovering from its worst multi-day performance since the 2008 financial crisis. The 10-year Treasury yield eased from 4.5% to 4.4%. Goldman Sachs’ research department publishing these two headlines 73 minutes apart lmao pic.twitter.com/45TJplzU9I Trump, posting on Truth Social, said multiple countries had initiated talks over trade and currency, prompting the tariff pause and a temporary reduction of the reciprocal tariff rate to 10%. However, tariffs on Chinese imports were raised to 125%, effective immediately. Goldman now estimates a 45% chance of recession and expects core inflation to peak at 3.5%, according to its latest client note. The surprise move came after f our days of intense market volatility and mounting fears of a global recession. Treasury Secretary Scott Bessent will now lead upcoming trade negotiations, a shift Wall Street views positively due to his moderate stance.