Trump to announce new BLS director
US President Donald Trump has announced that he will name a new director of the Bureau of Labor Statistics (BLS) within the next three to four days. Trump had removed current head Erika McEntarfer from her position, accusing her of making “the biggest calculation error in the last 50 years.” The July employment report showed only 73,000 new jobs were added, while previous months’ employment figures were revised downward by a total of 258,000.
The search for a new Fed chair continues
White House National Economic Council Director Kevin Hassett announced that Trump and Treasury Secretary Benson are working together to find a new Fed chair. Hassett stated that he does not wish to be considered for the BLS chair position.
The US will impose new tariffs on many countries
U.S. Trade Representative Greer said that new tariffs to be imposed on many countries, including Canada (35%), Brazil (50%), India (25%), and Switzerland (39%), have been “basically determined” and that no changes will be made in the negotiations.
Metaplanet purchased an additional 463 BTC for $53.7 million
Metaplanet increased its Bitcoin reserves by purchasing 463 BTC at an average price of $115,895. The company’s total Bitcoin holdings now stand at 17,595 BTC, with a market value of approximately $2.02 billion.
Capital B is seeking €11.5 million in funding for its Bitcoin reserve strategy
Europe-based Capital B (formerly The Blockchain Group) will issue shares and convertible bonds worth 11.5 million € to advance its Bitcoin reserve strategy.
The Smarter Web Company raised 8.1 million £
The London-based technology firm raised a total of 8.1 million £ through a share sale to institutional and high-net-worth investors. The company continues to pursue its Bitcoin reserve strategy.
H100 Group to purchase Bitcoin with new $2.2 million funding
Swedish publicly traded company H100 Group plans to issue new shares worth approximately $2.2 million to increase its Bitcoin reserves.
Michael Saylor: Bitcoin is a long-term treasure
Michael Saylor, Chairman of the Board of Strategy (formerly MicroStrategy), emphasized that Bitcoin is a short-term trading asset and a long-term treasure. He described Bitcoin as “a swarm of cyber bees serving the goddess of wisdom.”
Ripple: Banks have invested $100 billion in blockchain since 2020
According to a report by CoinDesk, Ripple, CB Insights, and UK-based CBT, traditional banks have invested over $100 billion in blockchain infrastructure. Payment systems, custody, tokenization, and on-chain FX emerged as key areas.
Final stages of the SEC v. Ripple case
According to Bitcoin.com, the SEC’s appeal process in the Ripple case is ongoing. The SEC is expected to submit its report to the appeals court by August 15, 2025. In 2023, it was ruled that the programmatic sales of XRP on exchanges were not securities.
Linea-based Etherex exchange to launch REX token on August 6
Etherex, created in collaboration with Consensys, Nile, and Linea, will launch a new native token called REX. All transaction fees will go to xREX voters; 100% of REX tokens will be distributed to liquidity providers.
Major token unlocks on the way
According to Token Unlocks data, many tokens, including ENA, IMX, MOVE, MAVIA, and IOTA, will undergo major unlocks during the week of August 5-10. ENA’s 172 million token unlock will be worth approximately $95.8 million.
Cardano community approves $71 million “IOE Roadmap” proposal
The Cardano community has approved a roadmap allocating 96 million ADA (approximately $71 million) to fund technical upgrades focused on scalability, developer experience, and interoperability, with 74.01% of votes in favor.
Curve proposed to suspend Layer 2 projects
The Curve community has proposed to halt all Layer 2 development projects. It was stated that current functions will continue to operate, but no new developments will be made.
SharpLink increased its Ethereum holdings to 480,031 $ETH
SharpLink Gaming purchased an additional 15,822 $ETH for 53.9 million $, bringing its total ETH reserves to 480,031 $ETH. The company continues to pursue an aggressive Ethereum treasury strategy.
