23:35 2025-07-03
Golden Morning News | List of important events overnight on July 421:00-7:00 Keywords: Big America Act, Tax Reform Act, Trump
1. Trump: Today's data is good news, much better than expected.
2. The "Big and Beautiful" bill was passed by the House of Representatives of the United States Congress and only needs to be signed by the president;
3. US Senator Cynthia Lummis proposes a comprehensive crypto tax reform bill.
4. US Treasury Secretary: If the Federal Reserve does not cut interest rates, it may cut interest rates even more in September.
5. Federal Reserve ...
23:35 2025-07-03
Grey release says SEC suspension of trading in its digital fund "unexpected"Crypto-asset manager Grayscale said in an email on Thursday that the decision by the Securities Exchange Commission (SEC) to suspend trading in its Digital Large Cap Fund (GDLC) was "unexpected". The company said the regulator's decision on Wednesday surprised industry observers and showed that the regulatory environments were changing.
Grayscale said: "While this development is unexpected, it reflects the regulatory backlash surrounding pioneering digital asset products like GDLC.
22:56 2025-07-03
The popularity of stablecoins remains high, and fund subsidiaries are actively trying early adoptersWith the active promotion of stablecoin-related regulatory rules overseas and the passage of the Stablecoin Bill by the Legislative Council of the Hong Kong Special Administrative Region of China, the gradual improvement of the regulatory mechanism has made stablecoins the focus of the market. Recently, the announcement of Guotai Junan International's upgrade of its virtual asset trading service license directly promoted the surge in stablecoin concept stocks, and financial technology and other ...
22:31 2025-07-03
Canada's finance minister: can negotiate the best trade deal with the United States, no more digital taxesFrancois Philippe, Canada's finance minister, said his country could negotiate better trade deals with the Trump administration than other countries, rejecting suggestions that Canada might have to accept new benchmark tariffs on all exports to the US. "We import more from the US than Japan, the UK and France combined, so we are not in the same camp as other countries," Mr. Philippe said. "The competitiveness of North America depends on the relationship between Canada and the US, and Canada has ...
22:31 2025-07-03
U.S. Treasury Secretary: May initially meet financing needs by issuing short-term bondsUS financing needs are likely to rise following the passage of the Republican sweeping tax cut and spending bill, Treasury Secretary David Bescent said on Thursday. The Treasury is likely to replenish the Treasury account by issuing more short-term US debt after the debt ceiling limit is lifted. "This legislation also helps us get out of that terrible debt ceiling predicament, which is why we had to limit debt issuance," Mr. Bescent said. "So we are likely to replenish the Treasury's general acc...
22:31 2025-07-03
Trump tariffs cost states unevenly, with California bearing the brunt at $11.30 billionTrump's tariffs have brought in tens of billions of dollars for the government, but the burden has been uneven among states. An analysis by Trade Partnership Worldwide, an economic research firm, shows the cost of tariffs to states between January and May. From January 1 to May 31 this year, California faced a tariff impact of up to $11.30 billion, the highest in the United States to date. Texas came in second with $6 billion, followed by Michigan with $3.30 billion. Companies in 17 states ranke...
22:16 2025-07-03
Brazil's financial system has been hit by a cyber attack, and the central bank has urgently intervened in the investigationOn July 2 local time, at least six Financial Institution Groups in Brazil suffered cyber attacks. Hackers took advantage of system vulnerabilities of third-party payment service providers to initiate large-scale illegal transfers. At present, the Central Bank of Brazil has not released the specific amount involved and the list of affected Financial Institution Groups. According to the Brazilian Central Bank's investigation, the entrance of the attack is not the bank's own system, but its authori...
22:07 2025-07-03
Trump sends letter to inform trade partners of unilateral tariff rates as early as FridayMr. Trump said the US could start sending letters to trading partners unilaterally setting tariff rates as early as Friday, with July 9 being the deadline for talks. "We could start sending letters, probably starting tomorrow, maybe 10 letters a day to different countries informing them of the tariffs they're going to have to pay to do trade with the US," Mr. Trump said on Thursday. Mr. Trump said on Tuesday that he was not considering postponing next week's deadline. When asked if an extension ...
21:46 2025-07-03
Grayscale presses ahead after SEC suspends conversion of its cryptocurrency ETFThe Securities Exchange Commission (SEC) has decided to suspend the listing of Grayscale Digital Large Cap Fund LLC a day after approving the conversion of the fund into an exchange-traded product (ETP). A Grayscale spokesperson responded that the company remains committed to the listing of the fund and is working closely with key stakeholders to meet relevant requirements. The fund's assets are about 80% Bitcoin and 11% Ethereum, and also include Solana, Cardano and XRP. The suspension is inter...