The Federal Reserve held interest rates steady in a split decision that gave little indication of when borrowing costs might be lowered and drew dissents from two of the U.S. central bank’s governors
Despite Trump’s pressure Fed holds rates steady
Crypto token unlocks may halve to $3B in August
Crypto token unlocks may fall to $3 billion in August, down 52% from the $6.3 billion in value unlocked in July. Despite the overall decrease, several high-profile unlocks could still impact prices. The biggest unlocks include Sui, Fasttoken, Avalanche and Arbitrum.
Bitmain to open US-based ASIC chip factory
The world’s top Bitcoin mining ASIC manufacturer, Bitmain, is reportedly on the verge of opening its first US-based manufacturing plant. The company also reportedly plans to open a new headquarters in Texas or Florida by the end of the third quarter of 2025.
XAU ticks up with all eyes on US-China talks, Fed meeting
Gold prices edged higher as investors awaited the outcome of U.S.-China trade talks and the Federal Reserve’s policy meeting. U.S. gold futures settled 0.4% higher
Dollar reaches one-month high versus euro
The dollar hit a one-month high versus the euro in the wake of a string of trade agreements between the United States and its major trade partners, while markets await interest rate decisions from the Federal Reserve and the Bank of Japan.
Oil rises on US-EU trade deal, Trump’s shorter deadline for Russia
Oil prices rose after a trade deal between the U.S. and the European Union, and U.S. President Donald Trump’s announcement that he would shorten the deadline for Russia to end its war in Ukraine or face sanctions.