US Secretary of Commerce: New Tariffs to Take Effect on August 1
US President Trump announced that he had reached an agreement with some trading partners and would send letters to other countries informing them of tariff increases. Secretary of Commerce Lighthizer said the tariffs would take effect on August 1, but that Trump was still working on the rates and agreements. This could mean an additional three weeks for the tariffs.
Trump: 10% Additional Tax on BRICS-Opposing Countries
Trump announced on his Truth platform that an additional 10% customs duty will be imposed on any country that follows the “anti-US policies” of the BRICS countries. However, he did not provide any details about these policies.
Musk: American Party Will Adopt Bitcoin
While Elon Musk’s efforts to form a political party continue, Trump’s harsh responses have drawn attention. When asked, “Will the American party adopt Bitcoin?” Musk replied, “Fiat currencies are in a desperate state, so yes.” This statement signaled that his new political party will adopt a crypto-friendly approach.
US House of Representatives to Discuss Crypto Tax Policies on Wednesday
The House Ways and Means Committee’s subcommittee will discuss the digital asset taxation framework on Wednesday in a session titled “Making America the Global Home for Crypto Capital.”
This session could be decisive in shaping the US’s 21st century crypto policies.
Hong Kong Government Plans to Grant Stablecoin Licenses This Year
Hong Kong Financial Secretary Xu Zhengyu said stablecoin regulations will take effect in August and licensing guidelines will be announced this month. It was reported that the number of licenses will be in the single digits and applications will be accepted throughout the year.
MicroStrategy founder Michael Saylor posted on X a message hinting at the company’s Bitcoin investment strategy: “Sometimes you just have to HODL.” According to the company’s previous transparency policies, new purchases may be announced the following day.
Smarter Web Company Increases Bitcoin Reserve to 1,000 BTC
UK-based public digital services company Smarter Web Company purchased an additional 226.42 BTC, bringing its total reserve to 1,000 BTC. The company’s long-term Bitcoin strategy is growing.
Russia Targets Miners Engaged in Energy Theft
Russia’s Deputy Energy Minister announced that a new registration system for mining companies is being developed to reduce illegal energy use and bring the sector into compliance with the law.
Turkey Blocked Access to 46 Crypto Platforms in July
The Capital Markets Board of Turkey (SPK) blocked access to a total of 46 unlicensed crypto platforms, including PancakeSwap. This step indicates increased regulatory pressure on decentralized finance platforms in Turkey.
The Blockchain Group Purchased 116 More BTC
European-based public company The Blockchain Group increased its reserves to 1,904 BTC by purchasing 116 more BTC. The purchase cost was announced as approximately 10.7 million euros.
Metaplanet Increases Reserves to 15,555 BTC
Japan-based Metaplanet purchased an additional 2,205 BTC, bringing its total reserves to 15,555 BTC. With this latest purchase, the 2025 return reached 416.6%. The average purchase price was recorded at 99,307 dollars.
Bitcoin Spot ETFs See $770 Million in Net Inflows
Bitcoin spot ETFs saw a total of $770 million in net inflows last week. The largest inflow was $337 million into BlackRock’s IBIT ETF. Fidelity’s FBTC received $248 million in inflows.
Ethereum Spot ETFs See $219 Million in Net Inflows
Ethereum spot ETFs have continued to see net inflows for eight consecutive weeks. Last week’s total net inflow amounted to $219 million. BlackRock’s ETHA ETF attracted $99.4 million in net inflows, while Fidelity’s FETH ETF drew $92.03 million in net inflows.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research
