22:55 2025-07-02
Trump has found a new route to pressure Powell to resignPulte, the head of the Federal Housing Finance Agency, has called on Congress to investigate Federal Reserve Chairperson Jerome Powell, calling his recent Senate testimony on the Fed's plans to renovate its headquarters "deceptive". Pulte said: "I ask Congress to investigate Powell, his political bias and his deceptive Senate testimony - sufficient to constitute'just cause 'to remove him from office." Pulte's report on the matter was retweeted by Trump, adding that Powell...
21:54 2025-07-02
A federal judge has blocked Trump's immigration asylum ban, ruling it exceeds presidential authorityA federal judge on Wednesday blocked Trump's executive order seeking to prevent migrants crossing the border from seeking asylum in the United States or applying for a stay of deportation, ruling that the order exceeded the president's executive authority. U.S. District Judge Randolph Daniel Moss, appointed by former President Barack Obama, said Wednesday that the order exceeded the president's authority to suspend legal protections for immigrants, stressing that neither the Immigration and Nati...
21:45 2025-07-02
OpenAI does not approve of Robinhood's tokenization of its private sharesOpenAI harshly criticised Robinhood for offering a tokenised version of its private company stock, saying on X that "we are not working with Robinhood, are not involved in it, and do not endorse it".
On Monday, Robinhood's chief executive said the company would offer European Union users "stock tokens," or tokenized shares of private equity, from more than 200 companies, including OpenAI and SpaceX.
21:36 2025-07-02
The Trump administration has suspended some arms supplies to Ukraine, raising questions from Congress and alliesUS lawmakers and experts have questioned the Trump administration's decision to suspend some anti-aircraft weapons to Ukraine, arguing that the move could delay the end of the Russian-Ukrainian conflict. They have refuted the White House's claim that "the US stockpile of weapons is in short supply". Several people said that the weapons that Ukraine currently needs are not urgently needed elsewhere, so there is no need to immediately stop the delivery of these weapons. Democratic senator from Con...
21:18 2025-07-02
Analysis: The dollar is expected to take a break after tariffs push up inflationChris Turner, strategist at ING Bank, said the dollar is set for a few months of gains after tariffs pushed up inflation and forced the Federal Reserve to delay rate cuts. Turner said the dollar is expected to receive a period of support after its downward spiral this year, as trade tariffs will stimulate consumer price increases to accelerate from August and restrain the Federal Reserve from cutting interest rates. In the meantime, he expects the euro to briefly fall back to the 1.13-1 range ag...
21:06 2025-07-02
BounceBit plans to offer tokenized stock trading to users in Q4BounceBit said in a post on social media that the platform plans to offer tokenized stock trading to users in the fourth quarter of the next few years. Officials said that from the first day of its listing, BounceBit tokenized shares will be connected to DeFi, supporting spot trading, DEX liquidity, collateral in lending agreements, structured income strategies, and re-pledging.
20:29 2025-07-02
The three major U.S. stock indexes closed mixedThe three major U.S. stock indexes closed mixed, with the Nasdaq up 0.94%, the Dow down 0.02%, and the S & P 500 up 0.47%. Technology stocks rallied collectively, with Tesla up more than 4%, Oracle up more than 5%, and NVIDIA and Apple up more than 2%.
20:17 2025-07-02
The SEC has suspended the grey release of digital funds into ETFs and will further reviewThe Securities Exchange Commission (SEC) has suspended plans to convert Grayscale's Digital Large Cap Fund into an exchange-traded fund (ETF) and placed it under further review.
The fund was originally planned to be listed on the NYSE Arca platform as a multi-asset spot ETF, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA).