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Share link:In this post: China’s exports rose 5.8% in June, beating forecasts and defying U.S. pressure. Exports to the U.S. dropped 16.1%, while shipments to Southeast Asia and the EU surged. Rare earth and steel exports spiked ahead of China’s August 12 trade deal deadline with Washington.
Share link:In this post: Chinese EV brands now hold 10% of Norway’s car market since entering in 2020. Norway refuses to impose tariffs on Chinese EVs, unlike the U.S. and EU. Buyers are choosing Chinese EVs for their price and tech, says NEVA’s Christina Bu.
Share link:In this post: Jensen Huang said China’s military can’t rely on Nvidia chips due to U.S. export limits. He criticized U.S. restrictions, calling them harmful to America’s global tech leadership. Nvidia is developing new chips to comply with current export rules and stay in the China market.
Share link:In this post: Bitcoin hit a new all-time high of $123,400 on Monday after massive ETF inflows. The crypto market has added over $1.2 trillion in value since Trump paused tariffs in April. Bitcoin gained $15,000 after Trump’s “Big Beautiful Bill” passed the House on July 3rd.
Share link:In this post: BOJ has completed offloading bank stocks it purchased from troubled banks during the global financial crisis. The bank is now focused on its stockpile of exchange-traded funds, which stands at 37T yen at the time of publication. The financial institution is also considering tapering its bond purchase from April next year.
Share link:In this post: Scott Bessent skipped the G-20 meeting in South Africa for the second time this year. Trump is targeting BRICS nations with new tariffs, including South Africa and Brazil. South Africa’s development goals are being sidelined as the U.S. pushes its trade agenda.
A growing wave of corporate Bitcoin treasuries is reshaping markets, led by Strategy’s $472.5 million purchase—but mounting risks could test its resilience.
Bitwise CEO says Ethereum’s real battle is with Web2 and legacy finance, not Bitcoin.Leaving the CoinMarketCap Era BehindThe Future Is Use Case-Driven
- 08:37Daily Transaction Fees on the BTC Network Recently Dropped to Around 4.09 BTCAccording to news on August 24, Glassnode data shows that the daily transaction fees on the BTC network have recently dropped to around 4.09 BTC, marking the lowest BTC-denominated level since the end of 2011.
- 08:02GF Macro: Powell’s Jackson Hole “Retreat” May Prove That Trump’s Political Pressure Has Finally Paid OffAccording to a report by Jinse Finance, Guojin Macro Research noted that Powell’s unexpected dovish turn at the Jackson Hole meeting came without warning, and some of his remarks were in stark contrast to his statements at the July FOMC press conference. In his review and outlook on the economy, Powell made a complete 180-degree shift in his view of the labor market, now expressing deep concern over downside risks to employment. This change in reference point is very similar to the decision not to cut rates in July, and is difficult to explain solely by changes in economic data. It may suggest that Trump’s political pressure on the Fed has finally paid off. Although the Fed has consistently maintained its expectation of two rate cuts in 2025, this clear dovish signal not only strengthens the likelihood of a 25bp rate cut in September, but also increases the possibility of consecutive rate cuts within the year. We would like to remind readers that the side effects of a relatively loose monetary policy environment and a dovish policy framework should not be overlooked; after a significant rate cut, the U.S. will face a higher inflation baseline if the economy reaccelerates, making future inflation dynamics harder to control. This year will see more “stagflation,” and next year, more “inflation.”
- 08:02ZashXBT Lists 81 KOL Accounts Worth BlockingAccording to ChainCatcher, on-chain investigator ZashXBT has listed 81 KOL accounts that are worth blocking, stating: "Blocking these accounts can help optimize your information feed. All of these accounts are promoting the MEMENETIC presale event."