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Former World Bank President David Malpass Makes Special Statements on Interest Rate Cuts, the Fed, and the US Economy Former World Bank President David Malpass harshly criticized FED Chairman Jerome Powell's interest rate policy. Former World Bank President and Purdue University School of Business International Finance Expert David Malpass criticized the FED's interest rate policy on the Squawk Box program he attended on CNBC. Malpass said the Fed's interest rates are “still too high” and are holding back growth in the U.S. economy. Malpass criticized Fed Chairman Jerome Powell’s statement that Trump’s tariffs had raised inflation expectations and delayed interest rate cuts. Malpass described Powell’s assessment, made in Europe, as “contextual but distracting,” adding, “The real problem is that the Fed is still keeping interest rates too high.” Stating that the European Central Bank prefers low growth, Malpass stated that this approach is not suitable for the US: “The entire economy cannot be run on the principle of ‘let’s not overheat.’ That’s bad for the middle class and small businesses.” Malpass argued that Trump's proposal to not tax tips was a step in the right direction to support the working class. The program also brought up the compromise bill that would extend Trump’s tax cuts. Former Treasury Secretaries Robert Rubin and Larry Summers’ article titled “This Bill Is Dangerous” was recalled. Malpass said he disagreed with these criticisms: “If this law is not passed, there will be a tax increase. This will have a negative impact on growth. Rubin and Summers' proposals are from the 1990s. Today's conditions are different.” Related News BREAKING: Critical Banking License Application Submitted by Ripple - Exciting Developments for XRP Malpass responded to criticism that the bill would add an additional $3.3 trillion to the budget as follows: “These numbers are static models that assume the tax cuts are not extended and have no impact on growth. That is not the reality. The U.S. economy could grow much faster
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Morning Pump for This Altcoin from Upbit! Altcoin, Expected to be Listed on Binance, Listed, Sudden Rise in Price! Upbit announced that it will list an altcoin called MOODENG. South Korea's largest cryptocurrency exchange Upbit started the day with altcoin listing news. Accordingly, Upbit announced that it will list the altcoin called MOODENG. Upbit stated that it will list MOODENG on KRW, BTC and USDT trading pairs. “On July 3, 2025, MOODENG will be added to the KRW, BTC and USDT markets on Upbit. The listing for MOODENG is planned on the Solana network.” Following the news, the MOODENG price rose by more than 50 percent. MOODENG is a memecoin launched on the Solana network, themed after a pygmy hippo born in Thailand’s Khao Kheow Open Zoo. Although MOODENG is not currently listed on Binance, Binance has listed Moo Deng (MOODENG) on its pre-listing pool Alpha.
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How Much U.S. President Donald Trump Has Earned from Cryptocurrency Ventures Revealed – Here Are the Hard-to-Believe Number It has been revealed how much of US President Donald Trump's wealth is linked to cryptocurrencies. Here are the details. US President Donald Trump and his family have reportedly earned $620 million from cryptocurrency ventures in recent months. According to the updated version of the Bloomberg Billionaires Index, Trump's total wealth remains stable at $6.4 billion, while cryptocurrency projects now account for a significant portion of his fortune. Previous reports have indicated that Trump has earned over $600 million from various ventures including golf clubs, licensing deals, and crypto. However, this new report includes the first detailed accounting of the Trump family’s expanding crypto investments, including NFT collections, decentralized finance (DeFi) project World Liberty Financial, and memecoins. Related News Analysis Company Shares July Expectations for Bitcoin and Altcoins - Will They Continue to Sleep, or Will the Giant Awaken? According to Bloomberg, the Trump family made $390 million from the World Liberty token sale alone, and $150 million from the official Trump memecoin that launched in January. Those earnings could increase further as their crypto ventures expand. The Trump family also owns a 20 percent stake in crypto mining company American Bitcoin. The company is planned to go public through a merger with Gryphon Digital Mining. American Bitcoin was founded with mining company Hut 8 and infrastructure provider America Data Centers and aims to create a treasury reserve with the Bitcoins it produces.
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#BTCPrediction One of Belgium’s Largest Banks Takes Important Step with Bitcoin (BTC) and Ethereum (ETH) KBC, one of Belgium's major financial institutions, is preparing to offer its customers the opportunity to purchase Bitcoin and Ethereum. KBC, one of Belgium’s leading financial institutions, is preparing to offer individual clients the opportunity to purchase Bitcoin (BTC) and Ethereum (ETH) through its investment platform Bolero starting this fall. This move is a first for a major Belgian bank. According to a statement from KBC, the regulatory process required to gain official recognition as a crypto asset service provider is currently under analysis. The bank expects this process to be completed and approval to be received by the fall. Once approved, individual investors will be able to purchase BTC and ETH directly through KBC’s secure platform. The bank states that special attention will be paid to user education, security and legal compliance. The move makes KBC the first major Belgian bank to announce concrete plans to offer cryptocurrency services. Until now, Belgian investors have generally had to turn to foreign platforms such as Binance, Coinbase and OKX, or digital banks such as Revolut and N26 for their crypto investments. Related News How Much U.S. President Donald Trump Has Earned from Cryptocurrency Ventures Revealed - Here Are the Hard-to-Believe Number Other major Belgian banks are taking a cautious approach. Belfius says it is exploring how to adapt to the crypto market through its investment platform Re=bel. ING Belgium says it is examining the issue “very carefully,” while BNP Paribas Fortis says it has no plans to offer any crypto-related services. Large banks in Europe have long shied away from the sector due to regulatory uncertainty, money laundering risks, and the high volatility of crypto assets. However, the introduction of the European Union’s MiCA (Markets in Crypto-Assets) regulation regulating crypto asset markets has changed the situation as banks no longer need extensive new licenses to enter the digital asset
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Ripple-backed Company’s $100 Million XRP Announcement Causes a Stir The $100 million step from the company, which is traded on the US stock exchange and previously announced its XRP strategy, made a splash. US-listed Webus International Limited has announced that it has signed a senior equity credit line agreement with Ripple Strategy Holdings for up to $100 million. According to the press release, the financing will be used as part of Webus’ strategy to increase its XRP reserves. Webus operates as an AI-powered mobility solutions provider that offers customizable luxury chauffeur services globally. The credit line reflects Webus’ confidence in its XRP-based growth strategy, said CEO Nan Zheng. “This $100 million facility minimizes shareholder dilution by allowing us to raise capital only when we need it, as we aim to accelerate our growth in North America and Asia Pacific,” Zheng said. Related News Binance Founder Changpeng Zhao Reveals He Sent Vitalik Buterin $10 Million Worth of BNB - Here's Why According to the agreement, the company will be able to use funds in tranches ranging from $250,000 to $3 million, depending on market conditions and capital needs, under the credit line that will be valid for 24 months. The structure is designed to be shareholder-friendly with market-based competitive pricing and downside protection features. It was announced that the funds to be obtained will be used for XRP-supported payments, blockchain-based loyalty programs and other global expansion initiatives. Following the announcement, Webus shares rose as much as 87% but have since pared back some of those gains.
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