China National Petroleum Corporation Explores Stablecoin Based Cross Border Settlement and Payment
China National Petroleum Corporation, one of the world’s largest energy companies, disclosed at its half-year results conference that the company is closely following the latest developments of the Hong Kong Monetary Authority regarding stablecoin issuer licenses, and will initiate a feasibility study on conducting cross-border settlement and payment through stablecoins.
Eric Trump Says Trump Family ‘Loves’ Bitcoin Community, Predicts $1 Million Valuation
Eric Trump says the Trump family “loves” and “believes in” the Bitcoin community, which supported his father Donald Trump before he became the U.S. President for the second time. Trump, speaking at the Bitcoin Asia conference in Hong Kong, said he believed Bitcoin would hit a $1 million valuation.
Luxury Brand Gucci Has Started Accepting Cryptocurrency
Luxury brand Gucci has begun accepting cryptocurrency payments, including Ethereum (ETH) and Dogecoin (DOGE), at select stores in the United States.
Coin Shares posted $32.4M in net income for Q2 2025, up 2% YoY. Assets under management reached $3.46B, a 26% quarterly increase. The firm, listed on Nasdaq Stockholm, is now pursuing a U.S. listing to enhance liquidity and valuation.
US Core PCE Price Index (YoY) (July) released
The U.S. released July’s core PCE price index, with the annual rate rising to 2.9%, up from 2.6%, marking the highest level since December 2024. The core PCE monthly rate was 0.3%, compared to 0.1% previously. The overall PCE annual rate was 2.6%, with a monthly rate of 0.2%.
Argentina’s Opposition Party Votes to Reopen İnvestigation into President Milei over Libra Scandal
Argentina’s opposition parties have revived a stalled investigation into President Javier Milei’s role in the LIBRA scandal seizing on new corruption allegations that have rattled the government just weeks before October’s elections. The commission, first created in April but largely paralyzed by bureaucratic and congressional hurdles, was reactivated on Aug. 28 after leaked recordings implicated Milei and his sister Karina in a separate bribery scheme. The tapes, belonging to former presidential attorney and government official Diego Spagnuolo, contained claims of cash-for-favours dealings. Spagnuolo later admitted the recordings were authentic.
Traders Still Expect Sept FED Rate Cut
Following the PCE data, the probability of a Fed rate cut on September 17 has risen to 87.19%, according to CME FED Watch.
