"High-speed" decentralized exchange GTE completes $15 million Series A financing

On July 10, Trump announced on Wednesday that he plans to impose 50% tariffs on Brazil, in part because of what happened to Bolsonaro, the former Brazilian president who has been jokingly dubbed the "Trump of Brazil". The so-called reciprocal tariffs that Trump unveiled in April, Brazil only faces a minimum tariff of 10%. "The way Brazil treated former President Bolsonaro... is an international disgrace," Trump told Brazil's current president, Lula, in his latest tariff letter. Trump has been fi...

The latest Federal Reserve meeting notes for June showed that participants noted that long-term inflation expectations are stable and it is important to keep them stable. Several participants commented that short-term inflation expectations have risen and that such developments have the potential to spill over into longer-term expectations or affect price and wage setting in the short term. While a few participants noted that tariffs would cause a one-off increase in prices and would not affect ...

The Securities Exchange Commission (SEC) has delayed approval of the physical redemption method for BlackRock's spot Ethereum ETF.

The latest Federal Reserve June meeting notes show that participants noted that if the imposition of tariffs results in higher-than-expected inflation lasting longer than expected, or if medium- or long-term inflation expectations rise significantly, then maintaining a tighter monetary policy stance would be appropriate, especially if labor market conditions and economic activity are stable. However, if labor market conditions or economic activity weaken materially, or if inflation continues to....

According to Cointelegraph, Justin Sun said they would commit to buying $100 million of TRUMP, calling it "the Make America Great Again (MAGA) currency."

Michael Ashley Schulman, chief investment officer at Running Point Capital, a capital advisory firm, said investors need to be wary of the risk of self-developed chips from Amazon (AMZN. O), Microsoft (MSFT. O) and Meta Platforms (META. O), the tech giants that could bypass NVDA. O and drastically reduce their reliance on its chips. This is a real competitive threat. In addition, there are also disruptive risks of quantum computing. NVIDIA claims that quantum computing will still take 10 to 15 y...

On July 9 local time, US President Trump released letters to the leaders of eight countries about the imposition of tariffs on the social media platform "Real Social", including: Brazil, the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka. Among them, Trump said that 50% tariffs will be imposed on Brazil, Libya, Iraq, Algeria and Sri Lanka will be subject to 30% tariffs, Brunei and Moldova will be subject to 25% tariffs, and the Philippines will be subject to 20% tariffs. The ne...

U.S. stocks closed Wednesday with the Dow up 0.49 percent, the S & P 500 up 0.6 percent and the Nasdaq up 0.94 percent. NVIDIA (NVDA. O) rose 1.8 percent, failing to hold on to a historic $4 trillion market cap. Coinbase (COIN. O) rose more than 5 percent, Futu Holdings (FUTU. O) rose 9 percent and Apple (AAPL. O) rose 0.5 percent.

Nvidia's market capitalization topped $4 trillion, becoming the first company in the world to reach this milestone. Dan Morgan, senior portfolio manager at Synovus Trust, said Nvidia (NVDA. O), a bellwether for AI capital spending, showed that the slowdown in AI investment has bottomed out. The four cloud computing giants - Amazon, Microsoft, Meta and Alphabet - are expected to collectively spend more than $330 billion on AI infrastructure in 2025, a significant increase of 38% from the estimate...

Partisan political tensions in the US surged to a six-year high last month amid clashes over President Trump's tax bill and immigration policies, according to indicators released by the Philadelphia Federal Reserve. The Partisan Conflict Index, based on news articles covering political divisions, climbed to its highest level since January 2019. In recent years, it has been significantly higher than the target only around the start of Mr. Trump's first term as president and during the government ...

Senate Majority Leader John Thune said he "hopes" the Senate passes a bipartisan proposal by Senator Lindsey Graham, an ally of President Trump, to pass legislation imposing tough sanctions on Russia before the August recess. Senate Republicans are more confident about passing Russia legislation this month after Mr. Trump this week criticised Mr. Putin for stepping up attacks on Ukrainian cities. "It's clear there's a lot of bipartisan support in the Senate," Mr. Thune said.

The dollar index rose 0.04% on the 9th to close at 97.556 in the end of the foreign exchange market.