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Mathew Yanek
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President Trump recently shared a chart summarizing the framework of the U.S.–U.K. trade agreement, which includes: • $5 billion worth of U.S. exports to the U.K. • U.S. tariffs on British goods: Previously 3.4%, now increased to 10% • Tariff revenue: $6 billion • The U.S. will boost exports of products such as: ethanol, beef, grains, fruits, vegetables, animal feed, tobacco, soft drinks, seafood, textiles, chemicals, machinery, and various other goods. The U.K. agrees to: • Reduce tariffs on U.S. goods: From 5.1% down to 1.8% • Join the Steel & Aluminum Trade Alliance: Including both tariffs and quotas • Ensure pharmaceutical supply chain security • Set a car export quota to the U.S.: 100,000 vehicles per year at a 10% tariff rate • Aircraft components: Sign a #$10 billion purchase contract with Boeing #Trump $BTC
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Eleanor Terrett from Fox Business: The U.S. Senate is expected to hold a vote at 1:45 PM New York time today to decide whether to proceed with discussions on the GENIUS Act (focused on stablecoins). According to sources, the result could be “very close” following extended negotiations late into the night between Republican and Democratic senators, along with some last-minute text revisions. Lawmakers are preparing themselves for all possible outcomes. #stablecoins
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Coinbase is set to acquire the options trading platform Deribit for $2.9 billion (including $700 million in cash and 11 million shares), marking the largest acquisition in crypto industry history. Ripple has acquired numerous companies over the past year and is now eyeing a takeover of Circle, the issuer of USDC. Tether is also actively pursuing business acquisitions. We are witnessing the rise of crypto giants—companies that are growing rapidly and will soon rival the world’s largest financial institutions in terms of scale and influence. #coinbase
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Standard Chartered apologized for predicting a Bitcoin price of $120,000 in Q2, saying that this target “may be too low.”#StandardChartered $BTC
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President Trump announced that the United States 🇺🇸 has reached a full and comprehensive trade agreement with the United Kingdom 🇬🇧, emphasizing that this is an important step in strengthening the relationship between the two countries for many years to come. The UK is the first country to reach a trade agreement.#Trump
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