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Share link:In this post: Trump sent tariff letters to 14 countries warning of new U.S. import duties starting August 1. Tariff rates range from 25% to 40%, depending on the country and trade relationship. He warned that retaliation would lead to even higher U.S. tariffs on their goods.
Share link:In this post: Fidelity’s Solana ETF proposal has been delayed again as the SEC calls for public comments and further review. The SEC asked all SOL ETF issuers to revise and refile their applications by the end of July to include new guidance on staking and in-kind processes. Other firms like REX and Osprey are offering indirect Solana exposure through alternative ETFs.
Share link:In this post: Brazil’s President Lula strongly rejected U.S. tariff threats at the BRICS summit. Lula and other BRICS leaders emphasized the need for alternatives to the U.S. dollar in global trade. BRICS nations presented a united front, promoting multilateral cooperation and distancing themselves from U.S.-led economic pressure.
Share link:In this post: Tesla stock dropped 6.9% on Monday, losing over $68 billion in market value. Elon Musk announced plans to form a new political party called the “America Party.” Trump imposed new tariffs on 14 countries, worsening investor anxiety across markets.
- 05:44Fed Chair Powell May Signal a Gradual Rate Cut StrategyAccording to ChainCatcher, citing Jinshi News, PGIM Chief Global Economist Daleep Singh stated in a report that Federal Reserve Chair Jerome Powell may signal a more gradual rate cut strategy at the Jackson Hole meeting. Last week’s US CPI and PPI data showed that inflation in the US remains stubborn, staying above 3%. PGIM expects the Fed to cut rates by a total of 100 basis points by next year, which is about 50 basis points less than current market expectations.
- 05:31Opinion: LP Set by YZY Developers Can Lead to Hidden Trader Fees of 4-5% Due to Excessive Tick SpacingAccording to a report by Jinse Finance, crypto KOL @0xBiZzy stated that the LP set up by YZY developers earned nearly $10 million in fees within just a few hours. More notably, the LP Bin Step (price range) was set excessively high at 100, instead of the usual 50, resulting in an implicit fee rate of 4-5% for traders. This means that the total cost for traders to fully enter and exit amounts to approximately 10%.
- 05:31Institutions: Fed Chair Powell Likely to Remain Neutral at Jackson HoleAccording to Jinse Finance, Blerina Uruci, Chief U.S. Economist at T. Rowe Price, stated that Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole meeting may emphasize maintaining maximum flexibility for the upcoming FOMC meetings, noting that the policy path will depend on inflation and labor market data. She pointed out that before the Federal Reserve meeting on September 17, there will be one more employment report and one more CPI report released. If inflation rises sharply or the labor market shows a strong recovery, it is more likely that rates will remain unchanged at the next meeting; if August employment growth falls below 50,000 per month and the unemployment rate rises, a dovish rate cut of 50 basis points may occur. (Jin10)