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Share link:In this post: After Trump’s failed Alaska summit with Putin, Zelensky heads to Washington. Markets await July minutes and Powell’s Jackson Hole speech, with pressure mounting for rate cuts. Flash PMI figures from the US and globally will reveal how Trump’s new tariffs are rippling.
Share link:In this post: Japan will approve yen-backed stablecoins this fall, starting with fintech firm JPYC. JPYC tokens will be backed by bank deposits and Japanese government bonds. Profits from the bonds stay with the issuer; users won’t earn interest.
Share link:In this post: Trump canceled U.S.-India trade talks scheduled for August 25–29 after meeting with Putin. New tariffs of up to 50% on Indian goods will begin on August 27 due to India’s Russian oil imports. Modi responded with nationalist economic reforms, promising tax changes and domestic chip production.
Japan's Financial Services Agency will approve JPYC as the nation's first yen-denominated stablecoin. Circle invested in the Tokyo fintech firm, which plans to launch its regulated digital token later this year.
Ethereum dropped 6% to $4,260 as major whales rushed to cash out, sparking volatility across the crypto and NFT markets.
Speculation over a second mainnet migration in 2025 has stirred excitement in the Pi Network community while PI dropped 5% in the past 24 hours.
Solana validators are voting on the Alpenglow proposal, a potential upgrade that could drastically boost speed and cut validator costs.
Quick Take The Treasury Department filed a request for comment on Monday on “innovative methods to detect illicit activity involving digital assets.” “Stablecoins will expand dollar access for billions across the globe and lead to a surge in demand for U.S. Treasuries, which back stablecoins,” said Secretary Scott Bessent on Monday.