Trump: Cryptocurrencies to be included in 401(k) retirement accounts
Trump will sign an executive order on Thursday that will allow alternative assets such as private equity, real estate, and cryptocurrencies to be included in 401(k) retirement accounts. This move could further encourage institutional adoption of cryptocurrencies.
Initial Jobless Claims in the U.S. Surpassed Expectations at 226,000
Initial jobless claims for the week ending August 2 came in at 226,000. This is slightly above the market expectation of 221,000. The previous figure was revised from 218,000 to 219,000.
US Treasury Secretary Bessant: Artificial Intelligence Research to Be Funded by Paras Malik
US Treasury Secretary Bessant announced that all artificial intelligence research will be conducted under the leadership of Paras Malik. He also stated that revenue from customs tariffs could exceed $300 billion by 2026. The secretary added that the trade agreement is largely complete.
Trump: New Census Based on 2024 Election Data to Begin
US President Trump instructed the Department of Commerce to begin a new and highly accurate census based on data from the 2024 presidential election. Trump also emphasized that individuals residing in the US illegally will not be included in this census.
Bank of England Cuts Interest Rates by 25 Basis Points
The Bank of England lowered its policy interest rate from 4.25% to 4.00%. This was the fifth cut in the ongoing cycle of interest rate reductions and was in line with market expectations.
Ripple Acquires Stablecoin Platform Rail for $200 Million
Ripple announced plans to acquire stablecoin platform Rail for $200 million to strengthen its stablecoin infrastructure. With this move, Ripple aims to expand its presence in the stablecoin segment.
SharpLink Completes $200 Million Private Funding Round; Expands ETH Treasury Strategy
SharpLink (SBET) has completed a $200 million private funding round at a price of $19.50 per share. The funds will be used to expand its Ethereum treasury. The company’s strategy is to accumulate ETH, stake it, and increase the amount of ETH per share to make Ethereum a global financial infrastructure.
Tether Invests 30 Million Euros in Spanish Crypto Exchange Bit2Me
Tether Ventures led Bit2Me’s 30-million-euro funding round and acquired a minority stake in the company. Bit2Me became the first Spanish fintech company to obtain a MiCA license from Spain’s CNMV regulator. The company aims to expand in Latin America, particularly in Argentina, with this investment.
Tether Invests 30 Million Euros in Spanish Crypto Exchange Bit2Me
Tether Ventures led Bit2Me’s 30 million euro funding round and acquired a minority stake in the company. Bit2Me became the first Spanish fintech company to obtain a MiCA license from Spain’s CNMV regulator. The company aims to expand in Latin America, particularly in Argentina, with this investment.
