Ethereum Builds Support, Trump Talks Tariffs, CPI at 2.4%

Elon Musk has admitted that some of his social media posts about President Trump last week “went a little too far” and expressed regret. Musk said some of his comments were too harsh. In an interview with the New York Post, Trump said that reconciliation with Musk was possible but not a priority right now. “I’m not offended, but I’m disappointed,” Trump said, adding that he thought Musk regretted his remarks.

Trump: Appeals Court Affirms Our Authority to Impose Tariffs

US President Trump said that the Federal Court of Appeals upheld the right of the US to impose tariffs, calling it a “significant victory” for the country. Trump also stated that the agreement with China is awaiting Xi Jinping’s approval, that China will supply rare earths and that the parties agreed on tariffs of 55% (US) and 10% (China).

Crypto Reserve Bill on Parliament Agenda in Ukraine

The draft law submitted to the Ukrainian parliament authorizes the Central Bank to include crypto assets such as Bitcoin in national reserves. However, the law does not mandate holding these assets as reserves.

Justin Sun First USD1 Minted on TRON Chain

TRON founder Justin Sun announced that the USD1 stablecoin has been officially minted for the first time on the TRON blockchain.

Nvidia to Build More Than 20 Massive AI Factories in Europe

Nvidia CEO Jensen Huang stated that the importance of AI data factories in Europe is now better understood. Nvidia has announced that it has established AI centers in seven different countries and plans to build more than 20 large-scale AI factories in total.

FTX Users Wait for $2.2 Billion in Controversial Claims to Be Filed

FTX creditors are still waiting for $2.2 billion in unresolved claims to be finalized. Some users are reporting problems with the KYC verification process.

Glassnode: ETH Builds Strong Support in the $2,700-2,760 Range

On-chain analytics firm Glassnode predicted that Ethereum has formed a strong support base in the $2,700-2,760 range and could technically reach the $3,420 level. How traders in the $2,800-3,300 range react to the price action will determine ETH’s bullish momentum.

ETH Short-Term Options See a Steep Increase in Volatility

Glassnode data revealed that implied volatility rates on Ethereum’s short-term options have increased sharply in the last 48 hours. This increase indicates that the market expects sharp upward movements in the ETH price in the short term.

Whale Sends 40.42 Million USDC to HyperLiquid; Buys HYPE and FARTCOIN

According to Onchain Lens, a whale placed large buy orders for $HYPE and $FARTCOIN, depositing 40.42 million USDC on HyperLiquid.

Registration Open for Bitcoin Asia Summit 2025

Applications for free tickets to the Bitcoin Asia Summit in Hong Kong on August 28-29, 2025 are now open. The event will be held with a grand ceremony at the Hong Kong Convention and Exhibition Center.