Crypto News

Elsewhere, crypto majors are soaring on reports that Trump will sign an Executive Order today allowing crypto in 401(k)s.Source link

The Trump Administration issued an executive order raising tariffs to 50% on India as a retaliatory move against the nation’s continued purchases of Russian oil. Brazil’s President Luiz Inácio Lula da Silva, who also faces similar tariffs, vowed to coordinate a joint response from the BRICS bloc. Trump Issues 50% Tariff Retaliation Against India, LulaSource link

The lower chamber of the Brazilian Congress will discuss an initiative proposing to invest 5% of all foreign reserves in bitcoin, creating a national Strategic Bitcoin Reserve to diversify exposure to international fiat currencies. The central bank would provide custody for these assets. Brazilian Lawmakers Ready to Discuss Strategic Bitcoin Reserve Regulation Brazil could becomeSource link

By Francisco Rodrigues (All times ET unless indicated otherwise)Bitcoin (BTC) rose to the highest this month, touching $116,430 and establishing itself more firmly above the $115,000 level on renewed demand for risk assets as the implications from Friday's weaker-than-expected jobs market data sink in. The Federal Reserve is now widely expected to cut rates by 25 basis points in September, with the CME’s FedWatch tool weighing a 93.4% chance of that happening. On Polymarket, traders are slightly less convinced, seeing a 79% chance of a cut. Traders are positioning for reductions at the following two meetings as well.Add in strong earnings from major companies and a weakening U.S. dollar, and the outlook is looking a little stronger for equities and...

With new duties hitting dozens of countries, analysts warn of ripple effects on investor sentiment and crypto mining operations.Source link