US Treasury Secretary Bessent: Trump Will Not Remove Powell from Office
US Treasury Secretary Bessent stated that they are not rushing to appoint a new Fed chair. Emphasizing the importance of monetary policy independence, Bessent said that Trump has no plans to remove Powell from office. He also added that Powell has not expressed any intention to resign from the board of directors.
Japanese Prime Minister Ishiba Denies Resignation Reports
Japanese Prime Minister Shigeru Ishiba said in a statement to the press on July 23 that reports of his resignation were “completely groundless.” Ishiba emphasized that he had met with leading members of the Liberal Democratic Party and that the issue of his resignation had not been raised. He stated that he would remain in office and continue his leadership.
EU Plans €100 Billion Countermeasure Against Trump’s 30% Tariffs
According to press reports, if US President Trump goes ahead with his plan to impose 30% tariffs on most EU exports after August 1, the EU plans to respond with tariffs of the same rate on approximately €100 billion worth of US products.
A spokesperson for the European Commission stated that these measures will be implemented by combining the already approved 21-billion-euro tariff list with the proposed 72-billion-euro tariff list.
Goldman Sachs and BNY Mellon Launch Tokenized Money Market Fund
According to CNBC, Goldman Sachs is partnering with Bank of New York Mellon (BNY Mellon) to offer institutional investors the opportunity to invest in tokenized money market funds.
Ownership will be recorded with digital tokens, and these funds have attracted major investment companies such as BlackRock, Fidelity, and Federated Hermes. This move is seen as an important step toward the digitization of the $7.1 trillion money market fund industry.
MARA Plans to Issue $850 Million in Convertible Notes to Purchase Bitcoin
According to Globe Newswire, Bitcoin mining company MARA Holdings plans to issue $850 million in zero-coupon convertible bonds through a private placement. The bonds will mature in 2032, with an additional $150 million in over-allotment options. The proceeds will be used for potential Bitcoin purchases and other general corporate purposes.
Planet Ventures Increases Bitcoin Holdings
According to The Newswire, Planet Ventures Inc., listed on the Canadian Exchange, purchased an additional 3.06 Bitcoin for 500,000 Canadian dollars. This brings the company’s total Bitcoin holdings to 28.89.
The company’s Bitcoin holdings per share increased by 750% in one month, from 1.65 Satoshi to 14.01 Satoshi.
Over $50 Million in Tokens Burned in USDC Treasury Wallet
According to Whale Alert data, 50,070,482 USDC were burned on the Ethereum chain in the USDC treasury. The amount burned is equivalent to approximately $50.05 million.
CertiK Stablecoin 2025 Security Report: USDT at the Top
According to CertiK’s 2025 first half stablecoin report, USDT emerged as the most secure stablecoin with a score of 94.72. USDC ranked second with a score of 93.37, while PYUSD came in third with 91.47 points. Sky’s rebranded USDS took fourth place, and Ripple’s RLUSD secured fifth position. The report also noted that stablecoins reached a monthly payment volume of $1.39 trillion in the first half of 2025 and that 344 security incidents in the sector resulted in losses of $2.47 billion.
Sui Announces Fireblocks Integration
The Sui network announced its integration with Fireblocks, an enterprise-grade digital asset infrastructure provider. With this integration, $SUI and ecosystem tokens can be stored in Fireblocks wallets, and WalletConnect and staking services will also be supported in the future. Sui aims to become one of the preferred chains for financial institutions and game studios with this integration.
