Democratic Party Report: Trump administration accused of profiting from crypto
Democrats on the US House Judiciary Committee have released a report alleging that Trump and his family used their influence in the White House to generate significant income through crypto ventures. The report claims that approximately $800 million in profits were generated from token sales and crypto-related activities in the first half of 2025. It also alleges that the family’s total crypto and stock holdings reached billions of dollars and that some of the profits intersected with foreign investors. The White House, however, argues that the report is partisan and denies the allegations.
Goldman Sachs: Cracks are widening in the US job market
Goldman Sachs says fragility is increasing in the US labor market and layoff signals are strengthening. The bank points to a marked rise in WARN notices and a hardening in Challenger data, particularly in the technology and industrial sectors. This picture is fueling comments that growth is slowing and employment is becoming more critical in terms of Fed policy. However, it is emphasized that the weakening is gradual and needs to be confirmed by several data sets.
Volatility risk in US stock markets after CME Group outage
The outage in the futures trading system at CME increases the risk of volatility at the opening, as it temporarily weakens the market’s price discovery mechanism. When trading resumes after the holiday, the simultaneous execution of orders accumulated during the outage could lead to sharp movements. Since index futures were trading slightly higher before the outage, there is high uncertainty about the direction at reopening. Such technical glitches can also reduce liquidity and suppress risk appetite in the short term.
BNB Chain: Zero-fee transfer campaign for USDC and USD1 extended
BNB Chain announced that it has extended its zero-fee transfer campaign for USDC and USD1 stablecoins until December 31, 2025. The removal of gas fees for transfers, withdrawals, and bridging aims to encourage stablecoin payments and DeFi usage. Network management argues that this practice has increased user activity and grown on-chain payment volume. The campaign is expected to continue with the same scope until the end of the year.
Aave founder: UK’s Financial Promotions regime is slowing stablecoin growth
Aave founder Stani Kulechov stated that the UK’s Financial Promotions regulatory framework unnecessarily complicates stablecoin operations. According to him, stablecoins are placed in the same risk category as highly volatile crypto assets, increasing compliance burdens. Processes such as users having to fill out lengthy forms and endure waiting periods discourage stablecoin usage. This could weaken the UK’s competitive edge in stablecoin innovation.
Political turmoil in France weakens hopes for regulatory “pause” in the EU
While simplifying financial regulations within the EU and consolidating power around a single market regulator are being discussed, political uncertainty in France is complicating this vision. It is said that Paris has traditionally been a guiding force in EU financial policy, but the current turmoil could weaken this role. Bankers are concerned that as deregulation accelerates in the US, the possibility of Europe “taking a breather” in regulation to maintain competitiveness is diminishing. Ultimately, France’s domestic politics creates the risk of a slowdown in the European financial architecture.
Tether allegedly halts Bitcoin mining in Uruguay
News reports indicate that Tether has suspended its mining operations in Uruguay due to rising energy costs and has scaled back its local operations. Local sources say this decision is linked to electricity prices and operating costs. Tether, however, implies that its long-term plans in the region continue, but that it is optimizing operations in the short term. This development once again shows that energy costs and country-specific risks in mining directly affect company strategies.
