Vice President of the EU Commission: Constructive Talks with the US on Tariffs Underway
European Commission Vice President Maroš Šefčović stated that his meeting with US Trade Representative Greer was positive. He said that the process regarding President Trump’s tariffs is moving “steadily and in the right direction”. This statement gave hope that trade tensions between the two sides could ease.
US Treasury Department Launches $100 Billion Bond Buyback
The US Treasury Department launched a $100 billion Treasury bond buyback program to support financial stability. This move is seen as a mild version of “qualified quantitative easing” and aims to reduce long-term interest rate pressures. The operation is remarkable in terms of market intervention in an environment where the Fed maintains its tight monetary policy stance.
Nobel Prize Winning Economists Criticize Trump’s Tax Reform
Six Nobel Prize-winning economists published an open letter against the tax and spending bill supported by Trump. The economists stated that hundreds of billions of dollars in cuts to social benefits such as Medicaid and SNAP would have a serious negative impact on American families. The letter called on the Senate to reject the bill and reconsider the budget.
Bank of Japan May Slow Balance Sheet Reduction
According to Bank of Japan sources, the bank is considering slowing the pace of balance sheet reduction in 2025. This decision will be taken in connection with the fragility of the economic recovery and inflation dynamics.
Moscow Stock Exchange Launches Bitcoin Futures
The Moscow Exchange, Russia’s largest stock exchange, has officially launched Bitcoin futures trading for qualified investors through Sberbank. The product is offered through the SberInvestments platform and is officially traded on the Moscow Stock Exchange.
Bitcoin Search Trends Plummet
According to a CoinDesk report, Bitcoin has suffered a significant drop in interest, falling below 25 points in Google search trends. This indicates that retail investors’ excitement for the market has significantly waned.
SEC Chairman: Crypto Policies Will Be Determined Through a “Notice and Comment” Process
SEC Chairman Paul Atkins announced at the Senate budget committee hearing that the agency will no longer create crypto regulations through enforcement, but through a “notice and comment” process. Atkins emphasized the importance of clear and specific rules for investor protection.
Ripple: 2024 Donations Surpass $21 Million
Ripple published its 2024 impact report and announced that new donations made this year reached $21 million. The total amount of donations exceeded 200 million dollars. These donations increase Ripple’s impact in the field of social responsibility.
Musk: US Becoming a “Debt Slave” Due to Overspending
Elon Musk said on the X platform that the US’s huge budget deficits will turn the country into a “debt slave”. Musk noted that the US adds $1 trillion in debt every 180 days.
WLFI: USD1 Airdrop Raised Over $4 Million
WLFI, the crypto startup owned by the Trump family, announced an airdrop of more than $4 million in $USD1 tokens. Each eligible WLFI holder received $47USD1, excluding New York and some jurisdictions. No application or link was required during the airdrop process.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
