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Share link:In this post: Bailey publicly backed Powell, calling him a friend and criticizing Trump’s ongoing attacks. The Bank of England cut rates by 25bps after a split vote, pushing the pound up and the FTSE 100 down. Trump is actively looking to replace Powell, with Waller, Hassett, and Warsh in consideration.
Share link:In this post: • Germany’s industrial output falls to pandemic lows. • Berlin’s foreign trade surplus drops below €15 billion in June. • German exports rise largely due to shipments to other EU nations.
Share link:In this post: Sony has raised its annual profit forecast by 4% to ¥1.33T ($9B) due to less than anticipated impact from U.S. tariffs. Q1 operating profit rose 36.5% year-on-year to ¥340B ($2.3B), beating analyst estimates. Sony is preparing a partial spin-off of its financial business, reducing its stake to below 20% with a Tokyo listing planned for September 29 of this year.
Share link:In this post: Chainlink has launched a LINK reserve funded by real on-chain and off-chain revenue. The reserve uses Payment Abstraction to convert various fees into LINK tokens. LINK’s price jumped 6.8% after the announcement, signaling market confidence.
Share link:In this post: GM will import Chinese EV batteries from CATL for its new Chevrolet Bolt, despite 80% tariffs. The decision comes after the elimination of the $7,500 EV tax credit, which would have disqualified the Bolt due to its Chinese components. LFP batteries are about 35% cheaper than other alternatives.
With nearly $5 billion in Bitcoin and Ethereum options expiring, traders are watching BTC’s EMA 100 and 112K strike for potential volatility.
Ethena price is rising fast as whale accumulation, bullish crossovers, and OBV divergence support the case for a major breakout ahead.
Big names are projecting the S&P 500 will post a double-digit decline
