US Extends Tariff Exemption on Chinese Goods Until August 31
With US President Donald Trump’s trade policies remaining high on the agenda, the US government has extended the tariff exemption on certain goods imported from China until August 31. Trump stated that these tariffs should not be extended further and requested a clear response from other countries by Wednesday. However, flexibility was shown in the stance toward China, and a quick response was not demanded.
OECD: Trump’s Tariffs Are Harming the US Economy
The Organization for Economic Cooperation and Development (OECD) warned that US President Trump’s policy of increasing import tariffs could negatively affect the country’s economic growth. According to the OECD, these policies create risks in trade relations and may increase consumer prices by raising import costs. Despite this, the Trump administration appears determined to maintain its current stance on tariffs.
Marathon Digital and Core Scientific Sued for Patent Infringement
Bitcoin mining companies Marathon Digital and Core Scientific have been sued for patent infringement by Malikie Innovations. The company claims that some of the 32,000 “non-core” patents it acquired from BlackBerry in 2023 were used to infringe on its elliptic curve cryptography (ECC) technology without permission. The lawsuit states that Malikie’s patented technologies were used in mining operations.
Tether Transfers Over 37,000 BTC to Twenty-One Capital
According to on-chain data reported by Bitcoin Magazine, Tether recently transferred approximately 37,229 BTC (worth approximately $4 billion) to Twenty One Capital, a company founded by Jack Mallers, in five separate transactions. This move indicates that Tether’s Bitcoin strategy is scaling up.
Ripple’s RLUSD Stablecoin Receives Regulatory Approval in Dubai
Ripple’s US dollar-pegged stablecoin, RLUSD, has been approved by the Dubai Financial Services Authority (DFSA) for use in the Dubai International Financial Centre (DIFC). Ripple stated that this approval will accelerate the integration of RLUSD into payment platforms and facilitate its adoption by other DFSA-licensed institutions.
UK FCA-Registered BCP Launches Sterling-Backed Stablecoin
BCP Technologies has launched tGBP, a stablecoin backed by the British pound. According to the CEO, this token could serve as a “live proof of concept” for future stablecoin regulations to be implemented by the UK Financial Conduct Authority (FCA).
21Shares Hedera ETP Listed on Euronext
According to an official statement from the Hedera Foundation, the Hedera ETP issued by 21Shares is now trading on the Euronext Amsterdam and Euronext Paris exchanges. The product is denominated in US dollars and is now accessible to European investors.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
