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🇺🇸 Treasury Secretary Bessent says Elon Musk is not popular and should focus on business rather than politics.
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Arletha Loos y4xX
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Latest tariff rates announced by the US, effective August 1: Countries with new tariff rates: 25% tariffs: 🇯🇵 Japan 🇰🇷 South Korea 🇲🇾 Malaysia 🇰🇿 Kazakhstan 🇹🇳 Tunisia 30% tariffs: 🇿🇦 South Africa 🇧🇦 Bosnia and Herzegovina 32% tariffs: 🇮🇩 Indonesia 35% tariffs: 🇧🇩 Bangladesh 🇷🇸 Serbia 36% tariffs: 🇰🇭 Cambodia 🇹🇭 Thailand 40% tariffs: 🇱🇦 Laos 🇲🇲 Myanmar These tariffs are part of the US's reciprocal tariff policy, aimed at addressing trade imbalances and promoting fair trade practices. The rates are subject to adjustment based on bilateral relationships and trade negotiations.#TrumpTariffs $ETH
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Bitcoin’s Potential Bull Market Resistance Level: $115,000 or $223,000? According to daily technical analysis by CoinDesk analyst and chartered market technician Omkar Godbole, the Bitcoin market remains bullish, even though the price has been above $100,000 every day for the past two months. Experts have made various estimates for resistance levels that could go from $140,000 to even above $200,000. Technical charts use trend lines to identify resistance levels, which connect major highs and lows and provide visual cues about the market’s trend and momentum. The line connecting the 2017 bull market peak of around $20,000 and the 2021 peak of around $70,000 is used to see when selling pressure may emerge. This trend line is currently at around $115,300. indicates resistance, as shown by data from TradingView. The same trendline continued to hold prices back in December and January, after which prices fell to a low of $75,000 in April. However, this chart is based on a linear or arithmetic scale that only shows significant price changes and is generally considered suitable for analyzing short-term trends. The potential resistance level may be less reliable than a chart that is based on a log scale, as the log scale compresses large percentage changes, making trend lines and resistance levels more accurate and meaningful. On a log scale monthly chart, connecting the 2017 and 2021 highs creates resistance at around $223,000, which is more consistent with the pattern of rapid growth of Bitcoin’s previous bull markets. .... This is news, this is analysis, It can be wrong and right! So remember that this is not financial advice. #DayTradingStrategy $BTC
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🇺🇸 President Trump to impose 25% tariff on Japan and South Korea. US announces 30% tariff on South Africa and 25% tariff on Malaysia and Kazakhstan. The US has announced new tariffs on several countries, including: South Africa: 30% tariff on exports to the US, sparking concern from the Presidency, which noted the potential impact on trade relations. Malaysia and Kazakhstan: 25% tariff, as part of the US's broader trade policy shifts. Japan and South Korea: Reports suggest President Trump plans to impose a 25% tariff, although details are still emerging. These tariffs could have significant implications for global trade: Disrupted Supply Chains: African economies, particularly those in manufacturing and processing, may face reduced demand for raw materials and inputs. Commodity Price Volatility: Tariffs can lead to unpredictable price swings, affecting countries reliant on commodity exports. Investment Uncertainty: Trade tensions can undermine investor confidence, potentially slowing foreign direct investment in affected regions. In response, countries may consider strategies like: Deepening Regional Trade Partnerships: Strengthening regional ties, such as through the African Continental Free Trade Area (AfCFTA), to reduce dependence on external markets. Diversifying Exports: Investing in manufacturing, agro-processing, and technology-enabled services to reduce vulnerability to traditional export dependence. South-South Cooperation: Enhancing trade and investment collaboration with emerging economies to reduce exposure to Western-led economic disruptions. #TrumpTariffs $BTC
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🇺🇸 Ripple CEO Brad Garlinghouse to testify before Senate on crypto legislation. Ripple CEO Brad Garlinghouse is set to testify before the US Senate Banking Committee on July 9, 2025, to discuss crypto legislation and regulatory clarity. Here's what's happening: Hearing Details: The hearing, titled "From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets," will take place at 10 a.m. ET on July 9. Garlinghouse will join other industry leaders, including Summer Mersinger from the Blockchain Association, Chainalysis CEO Jonathan Levin, and Paradigm's Dan Robinson. Legislative Proposals: The hearing will focus on proposed crypto market structure legislation, including the GENIUS Act and CLARITY Act. These bills aim to define the regulatory framework for digital assets, determining whether they fall under the jurisdiction of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). Regulatory Clarity: Garlinghouse emphasizes that regulatory clarity is essential for innovation and consumer protection in the crypto industry. His testimony may push Congress to establish long-awaited clarity on crypto regulations, particularly for projects like XRP that have faced inconsistent regulatory treatment. XRP's Regulatory History: XRP has been referred to as a virtual currency by various US agencies, including the Financial Stability Oversight Council (FSOC) and the US Government Accountability Office. However, the SEC has classified it as a security, highlighting the need for clearer guidelines. The hearing may influence future crypto legislation in the United States, shaping the landscape of cryptocurrency regulation.#DayTradingStrategy $XRP
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🇺🇸 US government deposits $218k ETH to Coinbase. The US government has deposited approximately $218,000 worth of Ethereum (ETH) into Coinbase Prime. Here's what's known so far: Test Transaction: Initially, the government made a $10 test transaction to Coinbase Prime, likely to verify the deposit process. Main Deposit: Following the test transaction, the government deposited 86.56 ETH, valued at around $219,000, into Coinbase Prime. Source of Funds: The deposited ETH was seized from Chase Senecal, an NFT scammer, in October 2022. Government's Holdings: The US government currently holds over 60,000 ETH, worth approximately $152 million, in its custody. This move might indicate potential future asset management strategies by the government, which could impact market perceptions and crypto policies. However, the exact motive behind this transaction remains unconfirmed.#HODLTradingStrategy $ETH
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