Trump Criticizes India on Tariffs
US President Trump described India’s offer to lower tariffs as “too little, too late.” He said India has imposed high tariffs on US products for years and has increased its purchases of oil and military equipment from Russia. Trump stated that this unequal relationship has persisted for decades and that the US will protect its interests.
Bessent Comments on the Fed and the Economy
US Treasury Secretary Bessent said the Fed must remain independent but has made many mistakes. He stated that Trump’s advisor Stephen Miran wants to be quickly appointed to the Fed Board of Governors. He also emphasized that a national housing emergency could be declared to combat rising housing costs and that building permits would be facilitated.
Modi-Putin Meeting: Russia-India Alliance
Indian Prime Minister Modi and Russian President Putin discussed bilateral relations in a meeting lasting about an hour. Modi emphasized that India and Russia stood side by side in difficult times. Putin stated that NATO expansion and the Ukraine crisis must be resolved through a peace process, following his meetings with Xi Jinping.
ECB Member Schnabel: Interest Rates Should Remain Unchanged
ECB Executive Board Member Isabel Schnabel said interest rates should remain at the current level of 2.00%. She stated that inflation could be higher than expected and that further cuts were not necessary. Schnabel, one of the ECB’s hawkish members, said current conditions offered a slight stimulus.
Chinese Foreign Minister Wang Yi Announces Results of SCO Tianjin Summit
Chinese Foreign Minister Wang Yi summarized eight key outcomes of the Shanghai Cooperation Organization (SCO) Tianjin Summit. At the summit, a development strategy for the next ten years was adopted, four new security centers were established, and a decision was made to establish the SCO Development Bank. Cooperation plans in the fields of energy, digital economy, artificial intelligence, and technological innovation were also announced.
Trump Family Criticized for Crypto Investments
According to a report by the Financial Times, the Trump family’s investments in World Liberty Financial have been criticized by Democrats. Senator Elizabeth Warren and Representative Maxine Waters stated that this situation creates a serious conflict of interest. It was argued that this investment in crypto could blur the lines between the family and the administration.
SEC Regulations to be Reduced with Artificial Intelligence in the US
According to foreign media sources, the US Government’s “Department of Government Efficiency (DOGE)” aims to reduce SEC rules using artificial intelligence. This initiative aims to ease the regulatory burden on financial markets. However, this step is also being debated due to concerns that it could create a lack of oversight in the markets.
Justin Sun: TRON Network Issues 25 Million USD1
Tron founder Justin Sun announced that 25 million USD1 were issued on the TRON network. This brings the total amount of USD1 on the network to over 50 million. Sun emphasized that this step will strengthen TRON’s role in the DeFi ecosystem.
Eric Trump: WLFI Token Sets New Standard in Financial Freedom
Eric Trump, son of US President Trump, announced the official launch of the WLFI token. He stated that WLFI will establish a new standard of financial freedom based on speed, trust, and American values. This initiative is expected to increase the Trump family’s influence in the cryptocurrency market.
Japan-based Metaplanet shareholders approved an increase in funding of up to $3.8 billion to purchase more Bitcoin. The funds will be used primarily to reach the target of 210,000 Bitcoin. The company also approved an authorized share increase and the issuance of new preferred shares.
India to Implement OECD Crypto Reporting Framework in 2027
India’s Ministry of Finance announced that it will begin implementing the OECD’s Crypto Asset Reporting Framework (CARF) in 2027. This framework will bring Indian citizens’ foreign crypto assets under tax regulations. India will also join global tax information sharing by signing the MCAA agreement next year.
Trump Family’s WLFI Tokens Worth $5 Billion
According to Coin telegraph data, entities affiliated with the Trump family hold approximately $5 billion worth of WLFI tokens. Some of these tokens were locked, but they have now entered circulation with the latest unlocking. Although the WLFI price briefly rose to $0.40, it is currently trading at around $0.23.
XRPL Hackathon Seoul 2025 Begins
The XRPL Hackathon, to be held in Seoul on September 20, will be open to developers and entrepreneurs. The event, themed “Built for Fintech,” will take place with the support of Ripple and numerous venture capital firms. Winning teams will receive a $10,000 prize and the opportunity to connect with global investors.
Aave’s Daily Revenue Exceeds $3 Million
According to DefiLlama data, Aave’s fee revenue over the last 24 hours was approximately $3 million. This figure surpassed the total revenue of other lending protocols. With this performance, Aave has solidified its leadership in the DeFi lending market.
Fund Outflows from US Bitcoin and Ethereum ETFs
According to Lookonchain data, there was a total outflow of 631 BTC from 10 Bitcoin ETFs in the US. VanEck experienced the largest loss with an outflow of 627 BTC. On the Ethereum side, there was a total outflow of 4,319 ETH from 9 ETFs, with the largest outflow of 5,467 ETH occurring at Bitwise.
