US House of Representatives Prepares to Vote on Cryptocurrency Market Structure and Stablecoin Legislation
According to CoinDesk, this week will be “Crypto Week” in the US House of Representatives.
Voting on the Clarity Act is expected on Wednesday, and on the GENIUS Act on Thursday. If the GENIUS Act is passed, it will be the first major crypto law to be enacted in the US.
Trump’s Message on Interest Rates and $70 Billion Investment in Artificial Intelligence
US President Trump stated that interest rates should be lowered below 1%. On Tuesday, at an event near Pittsburgh, he is expected to announce a new $70 billion investment plan in artificial intelligence and energy. Blackstone’s $25 billion investment in data centers and energy infrastructure will also be announced at this event.
EU Prepares 72 Billion Euro Retaliatory Tariffs Against the US
According to Jinshi, European Commission Trade Commissioner Šefčović said that if trade talks with the US fail, additional tariffs of 72 billion euros could be imposed on US products. This development comes after Trump announced that he would impose a 30% tariff on EU imports as of August 1.
Kazakhstan Central Bank Plans to Invest in Crypto Assets
According to Kursiv, Kazakhstan Central Bank Governor Timur Suleimenov said that the country’s foreign exchange reserves and state funds could be invested in crypto assets. This strategy involves a more aggressive portfolio approach for higher returns, with some assets planned to be sourced from mining or confiscated digital assets.
The Blockchain Group Raises 6 Million Euros for Bitcoin Reserve Strategy
The Blockchain Group has completed a capital increase of approximately 6 million euros. 1.1 million euros were raised through a share sale to TOBAM, while 5 million euros were invested by Blockstream CEO Adam Back. These funds will be used to increase the company’s Bitcoin holdings per share and strengthen its Bitcoin reserve strategy.
Bank of America Launches Weekly Digital Asset Publication “On Chain”
Matthew Sigel, head of digital asset research at VanEck, announced that Bank of America has launched a new weekly publication titled “On Chain” focusing on the digital asset ecosystem.
JPMorgan CEO Jamie Dimon’s Crypto U-Turn
According to Watcher.Guru, JPMorgan CEO Jamie Dimon, who last year called cryptocurrencies “fraud,” may have now shifted to a fully pro-crypto stance, according to Jim Cramer.
Bitcoin and Ethereum Spot ETFs
Bitcoin spot ETFs recorded a net inflow of $297 million yesterday, marking their eighth consecutive day of net inflows. Ethereum spot ETFs, meanwhile, saw a net inflow of $259 million, marking their seventh consecutive day of net inflows.
by Darkex Research – 1 min read
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