Trump: Tariffs on India will be significantly increased in the next 24 hours
US President Trump said in an interview with CNBC that import tariffs, currently at 25%, will be “significantly increased” in the next 24 hours because India continues to buy Russian oil. Trump, who claims that India is financing a war economy, said, “If they do that, I can’t stay silent.” He also reiterated his dissatisfaction with India’s high tariffs on US products.
Trump: Employment statistics are political; Powell was too late in cutting interest rates
Trump reiterated that the Bureau of Labor Statistics data had been manipulated for political purposes. Arguing that Powell was too late in cutting interest rates, Trump said that names such as Kevin Warsh and Kevin Hassett were on the list for the Fed chairmanship. He also noted that the vacant Fed seats could be used for these appointments.
SharpLink increased its Ethereum reserves to 521,939 ETH, with all ETH staked
SharpLink purchased 83,561 ETH between July 28 and August 3, increasing its total reserves to 521,939 ETH. The total cost of the purchases was $264.5 million, with an average price of $3,634. The “ETH density” metric rose to 3.66, and all of the company’s ETH holdings were staked. A total of 929 ETH was earned from these stakes.
Bhutan government transferred 517 BTC to a new wallet
According to on-chain data, approximately $59.23 million worth of 517 BTC was sent from a wallet belonging to the Bhutanese government to a newly created address. This address is believed to be a Binance deposit address.
Galaxy Digital reported a net profit of $30.7 million in the second quarter
Galaxy Digital reported a net profit of $30.7 million and adjusted EBITDA of $211 million for the second quarter of 2025. The company achieved its best-ever performance in digital asset operations in July since listing on the Nasdaq on May 16. Notable developments included the sale of over 80,000 Bitcoin, the Helios data center reaching 800MW capacity, and the addition of a new 1GW power connection, bringing total capacity to 3.5GW.
The Office of the Vice President of Indonesia is exploring Bitcoin as a national reserve asset
According to Bitcoin Magazine, the Indonesian government invited members of the Bitcoin community on August 5 to discuss the use of Bitcoin as a national reserve asset. This development is seen as another step toward strengthening Bitcoin’s role within sovereign monetary policies on a global scale.
Robin Energy completes $3 million Bitcoin allocation
Robin Energy Ltd. has completed the purchase of $3 million worth of Bitcoin through Anchorage Digital Bank, marking the first step in its Bitcoin strategy approved by the board of directors. Anchorage is the first federally approved digital asset bank in the US and complies with the SEC’s qualified custody rules. The company has announced plans to purchase additional Bitcoin based on market conditions.
