Trump Imposes 100% Tariff on Semiconductors and Apple Promises $100 Billion Investment
The Trump administration announced that it will impose a 100% tariff on semiconductors that are not manufactured in the US. In a joint statement with Apple CEO Tim Cook, it was announced that Apple will invest an additional $100 billion in US manufacturing. This move will bring Apple’s total investment in the US to $600 billion.
Trump: Reciprocal Tariffs Take Effect Tonight
In a statement on social media, Trump said that billions of dollars would be returned from countries that have benefited from the US for many years and that reciprocal tariffs would take effect tonight. He described left-leaning courts as the biggest obstacle facing the country.
Japanese ANAP Holdings Continues Bitcoin Purchases
ANAP Lightning Capital, a subsidiary of Japan-based publicly traded company ANAP Holdings, purchased an additional 82.33 BTC, bringing its total BTC holdings to 913.45. The value of the investment was disclosed as approximately $9.5 million.
Fed Signals Increasing Likelihood of Interest Rate Cut
Minneapolis Fed President Kashkari stated that the economic slowdown is paving the way for an interest rate cut, but that tariff-driven inflation risks could complicate the process. San Francisco Fed President Daly said that weakness in the labor market could necessitate an interest rate cut and that this decision could be made “in the coming months.” Fed Chair Cook emphasized that sharp revisions to July employment data are a sign of economic fragility.
Demand for US 10-year Treasury auction remains low
The US Treasury’s $42 billion 10-year Treasury auction yielded a high yield of 4.25%. The bid-to-cover ratio fell to 2.35, the lowest level since August 2024. US investors accounted for 19.6% of direct bids, while foreign investors accounted for 64.2%.
Trump: Meeting with Putin and Zelensky Planned, Additional Tariffs on India and China on the Way
Trump announced that he plans to meet with both Putin and Zelensky next week, stating that the US ambassador had made “significant progress” with Putin. He also announced that an additional 25% tariff would be imposed on top of the existing 25% tariff on India. Trump also signaled that similar tariffs could be imposed on China if it continues to purchase Russian oil. Indian media reported that Modi plans to visit China on August 31.
Cosmos Health’s $300 Million Ethereum Strategy
Nasdaq-listed Cosmos Health has signed a $300 million securities purchase agreement for its new Ethereum treasury strategy. The fund was provided by an anonymous US institutional investor and includes convertible notes.
Metaplanet CEO Simon Gerovich announced that the company’s Bitcoin amount per share increased by 3700% compared to last year. The company stated that it will continue this strategy in a “transparent, responsible, and sustainable” manner.
Net Fund Inflows Continue in Bitcoin and Ethereum Spot ETFs
According to SoSoValue data, there was a total net inflow of $91.55 million into Bitcoin spot ETFs yesterday. BlackRock’s IBIT ETF alone saw inflows of 41.92 million dollars. On the Ethereum side, total net inflows amounted to 35.12 million dollars. BlackRock’s ETHA ETF stood out with the highest daily inflow of 33.38 million dollars. Only the Grayscale Ethereum Mini Trust ETF experienced net outflows in ETH terms.
