White House Imposes New Tariffs on Switzerland and Canada
Effective August 1, 2025, new tariffs will be imposed on Swiss products at a rate of 39%, Canada at 35% (previously 25%), Pakistan, Malaysia, Vietnam, and Bangladesh at 19-20%, and Israel at 15%.
US SEC Chair: A Fast and Transparent Regulatory Framework for Crypto Asset Offerings is a Priority
SEC Chair Paul Atkins announced that establishing a clear and modern regulatory framework for crypto asset offerings in the US is a top priority, in line with the White House Crypto Report. He emphasized that the SEC’s past “enforce first, explain later” approach is now over. The newly created “Project Crypto” will clarify the definition of securities, tokenized securities transactions, and innovative exemptions.
American Bitcoin, a company co-founded by Trump’s second son Eric Trump, is merging with Gryphon Digital Mining. Following the share swap, the value of the shares it holds could reach $367 million. The company will be renamed “American Bitcoin” after the merger.
Tether’s Treasury Holdings Exceed $127 Billion, Q2 Profit Reaches $4.9 Billion
Tether issued 13.4 billion USDT in the second quarter of 2025, bringing the total supply to over 157 billion USDT. Its U.S. Treasury bond portfolio reached a massive 127 billion USD. Net quarterly profit was 4.9 billion USD. Total profit for the first half of the year was 5.7 billion USD.
Michael Saylor: The U.S. Government Should Recognize Cryptocurrency
Michael Saylor, President of Strategy, argued that the distinction between digital securities and commodities must be clarified and that tokenization permits should be legally defined.
Riot Platforms Reports $220 Million Net Profit in Q2, Costs Hit Record High
Nasdaq-listed Riot Platforms reported 1,426 BTC mined and a net profit of $220 million in the second quarter. The mining cost per BTC rose by 93% to a record high. The company is focusing on investments in AI and HPC.
U.S. Appeals Court Overturns Fraud Charges Against Former OpenSea Executive
Former OpenSea product manager Nathaniel Chastain’s insider trading charges were overturned due to errors in jury instructions. The court stated that the decision should be reconsidered because it was unclear whether digital asset information constitutes “property.”
Bernstein: Crypto Bull Cycle Still in Early Stages
Bernstein noted that the rise is still in its early stages, citing increased trading volumes and new products from platforms like Robinhood and Coinbase. Robinhood’s momentum in ETH, SOL, and DeFi tokens is notable, while Coinbase’s partnership with JPMorgan is accelerating its institutional expansion.
Strategy announced the launch of a $4.2 billion at-the-market sale program for its STRC preferred shares. The proceeds will be used for Bitcoin purchases and dividend payments.
Strategy Reports $14 Billion in Revenue, $10 Billion in Net Profit for Q2
The company reported $14 billion in revenue, $10 billion in net profit, and $32.60 per share in profit for the second quarter. The 2025 target is $34 billion in revenue and $24 billion in net profit. The expected USD return from Bitcoin has been revised to $20 billion.
Pump.fun Signals New Fee Panel with Domain Name Registration
The registration of the domain name fee.pump.fun by Pump.fun is seen as a sign that a transaction fee panel or incentive program may be launched soon.
Apple’s Q3 Revenue Exceeds $94 Billion, Focuses on Artificial Intelligence
Apple CEO Tim Cook announced that the company generated $94.04 billion in revenue in Q3 2025. Apple acquired seven companies during the year and began integrating AI investments into all its products. iPhone revenue was $44.58 billion, and China revenue was $15.37 billion.
Democrats Question Bank Regulator on Trump’s Stablecoin Impact
Senators asked OCC Chairman Jonathan Gould to explain how he plans to limit the potential impact of Trump’s stablecoin regulations.
Vaultz Capital Raises £4.3 Million, Expands BTC Strategy
UK-based Vaultz Capital raised £4.3 million through a private placement. Erik Benz was appointed CEO, and a new Bitcoin advisory board was formed.
XRP Generated More Retail Revenue Than ETH on Coinbase
According to Coinbase’s Q2 report, XRP led with 13%, ahead of ETH at 12%. This difference is attributed to regulatory clarity and price increases.
Coinbase Launches Tokenized Stocks and Prediction Markets
Coinbase announced that it will offer tokenized stocks, prediction markets, derivatives, and early-stage token sales in the US. These products will be expanded globally subject to regulatory approvals.
USDC Treasury Burns 52 Million USDC
According to Whale Alert, 52 million USDC was burned on the Ethereum chain. This is seen as an important step in supply management.
Puffer Finance Updates Puffer UniFi AVS with Millisecond Transactions
Puffer has upgraded its Puffer UniFi AVS, built on EigenCloud. The new system offers millisecond transaction times for Rollups, pre-approval on Layer 2 networks, and economic consistency. The amount of re-staked ETH has exceeded $13 billion.
