CNBC: Crypto Market Volatility Increases After Trump Signs Strategic Bitcoin Reserve Executive Order

The Cardano Foundation released a report revealing that as the price of cryptocurrencies has risen, the value of its cryptoassets has increased from $478.24 million to $659.10 million. Bitcoin currently accounts for about 15% of its cryptoassets holdings, and ADA's share of its holdings has dropped from 83% to 77%. The Cardano Foundation said that the main source of income at present is the pledge reward. In 2024, the foundation holds 599.20 million ADA, and the total ADA obtained through the pl...

According to GlobeNewswire, K Wave Media (NASDAQ: KWM) today announced a $500 million convertible note agreement with Anson Funds, along with a previous $500 million standby equity purchase agreement with Bitcoin Strategic Reserve, bringing its total capital capacity to $1 billion. The company has completed its first 88 bitcoin purchase and plans to use at least 80% of the net proceeds from the financing for bitcoin acquisitions, with the goal of expanding to 10,000 bitcoins as soon as possible.

Nasdaq-listed GameSquare announced that it has spent $5 million to buy 1,818.84 ETH to support its Ethereum treasury, which it previously announced will be built in phases totaling up to $100 million. As an initial funding arrangement, the company will issue 8,421,054 shares of common stock or its equivalent securities at $0.95 per share, with proceeds raised before fees expected to be approximately $8 million.

According to Lookonchain, the wallet address linked to Cumberland has just withdrawn another 25,000 ETH (~ $69.56 million) from Binance.

Mr. Trump said the latest tariff rates were based on a combination of common sense, trade deficits and how the US has been treated over the years. But the letter to Brazil suggests Mr. Trump also sees tariffs as a tool to influence foreign policies he disagrees with. One optimistic interpretation is that Brazil's tariffs mean little to other countries' tariff-setting. Irving Tedford, a senior analyst at Beacon Policy Advisors, said the August 1 deadline gave Brazil a negotiating mandate.

Michael Mo, CEO of KULR Technology, announced in a post on the X platform that the company has spent $10 million to increase its holdings of 90 BTC, with an average purchase price of $108,884, and the year-to-date bitcoin yield has reached 291%. As of now, KULR Technology's total bitcoin holdings have reached 1,021.

The number of people applying for unemployment benefits in the week of July 5 227,000, and it is expected to 235,000. (Jin Ten)

Brazil is considering filing a complaint with the World Trade Organization against Trump's trade measures.

According to Whale Alert monitoring, Tether Treasury issued 1 billion USDT in the Tron chain.

Stablecoin startup Agora announced the completion of a $50 million Series A funding round led by Paradigm. After the company completed a $12 million seed round last year, Agora hopes to create its own stablecoin AUSD, a cryptocurrency pegged to underlying assets such as the U.S. dollar.

According to official news, YZi Labs announced a strategic investment in blockchain infrastructure platform Aspecta to provide price discovery and lifecycle liquidity for illiquid assets such as pre-issued shares, lock-in tokens, private equity, risk-weighted assets, and more.

After Trump announced the tariff measures, the Brazilian interest rate futures market opened sharply higher, and Brazilian stock index futures fell 1.3%.