PNC Bank and Coinbase announce partnership to expand access to cryptocurrencies.
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Investment Closing "July" (07/21/25)
📉 The Ibovespa fell 0.10% and closed at 134 thousand points, pressured by fiscal concerns in Brazil and uncertainties about U.S. tariffs under Trump. The dollar rose slightly, reaching R$ 5.56. Domestically, the government significantly reduced spending contingencies, which generated caution in the markets.
📈 Despite this, mining companies like Vale pulled the positive end of the index with the rise in iron ore, driven by new stimuli in China — including a $170 billion hydroelectric megaproject in Tibet. Meanwhile, Vivara and retailers suffered from profit taking.
🌎 Outside, Wall Street had a mixed day, with the S&P 500 reaching a new high. Trump announced new tariffs on products from the Philippines and Indonesia, in addition to attacking the Fed chairman, indicating that he may leave before the end of his term.
🔐 Meanwhile, in London, a 21-year-old Belgian barber who pretended to be a cryptocurrency billionaire was kidnapped. The criminals demanded a ransom but released the young man upon discovering he had only €6 in crypto.
💸 Paul Krugman, Nobel Prize in Economics, stated that Pix in Brazil fulfills what cryptocurrencies promised: financial inclusion and zero cost — without the risks associated with digital crimes.
🏦 In the U.S., PNC Bank announced a partnership with Coinbase, integrating the buying and selling of cryptocurrencies directly into its banking system. The move comes after the approval of the GENIUS Law, which regulates stablecoins in the country.
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