Rorhiam

🇺🇸 The DeFi Coalition Calls on the Senate to Reconsider the RFIA Bill

🔈 The DeFi Educational Fund (DEF) along with a number of crypto companies presented their vision of the Accessible Financing Act (RFIA) to the U.S. Senate, based on the previously passed CLARITY Act.

➡️ The proposal includes: delineating DeFi developers and intermediaries, defining organizations required to register with federal authorities, establishing decentralization criteria, and ensuring technology-neutral legislation.

The letter was signed by a16z Crypto, Jito Labs, Jump Crypto, Paradigm, Multicoin Capital, Solana Policy Institute, Uniswap Foundation, Uniswap Labs, and Variant Fund.
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Trump demands resignation of the Fed chair

Trump stated that Powell should leave his position, just like Adriana Kugler did due to disagreements over rates.

"I would remove him without hesitation, but they say it could disturb the market. However, in seven or eight months, he will leave on his own, and I will appoint someone else," the president noted.

Against the backdrop of tariffs and weak economic data over the last day, the US market lost more than $1 trillion.
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🌐 IMF Updates National Accounts System

💸 The global economy of the digital era worth $114 trillion will receive updated metrics for better accounting.

➡️ The new System of National Accounts (SNA) will include recommendations for tracking crypto assets such as Bitcoin and defining AI.

It aims to improve the assessment of digital services, cloud platforms, and intangible assets, enabling governments to make more informed economic decisions.
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Chainlink recognized at the White House level — Oracles become part of the US government infrastructure

🇺🇸 For the first time in history, the White House officially acknowledged Chainlink as a key component of the country's future financial architecture. A recent report on digital assets emphasized the importance of decentralized oracles for stablecoins, tokenization, and DeFi.

🔹 The CCIP protocol from Chainlink is highlighted separately — a universal bridge between networks, already integrated by the largest blockchain platforms.

🗣 Co-founder Sergey Nazarov called the report "a historic signal of DeFi integration into the real economy."

📈 This recognition elevates Chainlink from the category of Web3 infrastructure to a national-scale tool, creating a foundation for the digital transformation of US finance. For the market, this is a long-term bullish signal for $LINK , even if the price is still dormant.
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Trump launches tariff war: tariffs up to 41%, Canada under fire

❗️ From August 1, 2025, aggressive tariffs on imports from over 80 countries will come into effect in the USA.
Main parameters:

▪️ Tariff range — from 10% to 41%
▪️ Canada: increase from 25% to 35% — a strong signal of political cooling
▪️ EU: if the tariff <15% — raised to 15%, if >15% — remains unchanged
▪️ India, Kazakhstan, Moldova — 25%
▪️ Iraq — 35%, Libya and South Africa — 30%, Switzerland — 39%, Syria — 41%

⚠️ A 40% penalty is imposed for attempts to circumvent tariffs through transit and repackaging. The USA will begin publishing “black lists” of countries and factories involved in such schemes.

📉 Markets react negatively: risks of logistical disruptions, price increases, and retaliatory measures are rising.
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‼️ Bitcoin fell to $115,000 after Trump introduced new tariffs

The price of BTC decreased by 2.6% ($115,130) and is now 6.5% below its all-time high.

The drop occurred after the liquidation of leveraged positions totaling $630 million, affecting more than 158,000 traders.

💥 The announcement of the tariffs raised concerns among investors, overshadowing the previously optimistic tone following the White House crypto report.
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Michael Saylor sees Bitcoin at $150,000

Strategy published a profit report for the three months ending May 30, 2025.

➡️ Compared to a loss of $0.79 per share for the same period a year earlier, the company reported a profit of $32.60.

➡️ Net profit soared to $10 billion compared to a loss of $102.6 million a year ago, mainly due to increased Bitcoin holdings and its rising price.

For the 2025 financial year, the company forecasts operating profit of $34 billion, net profit of $24 billion, and diluted earnings per share of $80, assuming Bitcoin reaches $150,000 by the end of the year.
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Trump's new 25% tariff on India has plunged the cryptocurrency market by 4%

The U.S. President announced that starting August 1, India will face a 25% tariff on exports to the U.S.

The new tariffs will affect Indian exports ($87 billion in 2024), including textiles, pharmaceuticals, and petrochemicals.

The crypto market fell by 4% after the news, but analysts believe that cryptocurrencies may strengthen in the long term.

🇮🇳 India is one of the leaders in cryptocurrency adoption with 107 million users (7% of the population).
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Scott Bessent on the Future of the Fed

The Treasury Secretary stated that he is already compiling a list of candidates for the position of chair. An announcement is expected by the end of the year.

He noted that he does not understand why the Fed has not lowered rates.

He also emphasized that there are disagreements within the Fed board regarding rate policy.
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The Fed did not lower the rate

As expected, Powell ignored Trump's calls for a reduction.
From the key points — the head of the Fed indicated that this year there will likely be only one rate cut, not two as the market had priced in.
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Trump released a report on cryptocurrencies

The working group under US President Donald Trump published a report with recommendations for regulating cryptocurrencies in the US.

The document includes: the structure of the crypto market, the powers of regulators, banking regulation, the use of stablecoins, and taxation.

Authorities primarily want to classify cryptocurrencies as securities and commodities.
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The pastor deceived the parishioners with cryptocurrency

An American pastor and his wife launched a cryptocurrency, claiming it was God's will, and promised believers blessings for their investments.

They raised $3.4 million, which they spent on home renovations, travel, airline tickets, hotels, and luxury purchases.

Now the couple faces up to 100 years in prison for fraud.
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Today at 21:00 — FOMC meeting where the interest rate will be announced

Almost all analysts are confident that the rate will be maintained (market assessment), despite Trump's statements about a possible decrease.

Also, today GDP data will be released — forecasts are positive, which may support the market.
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🇮🇩 Starting from August 2025, Indonesia will increase taxes on cryptocurrency transactions: sellers on local exchanges will pay 0.21%, and on foreign exchanges — 1%.

VAT for buyers will be abolished, while mining will be subject to an increased VAT (2.2%) and will be transitioned to a general tax system starting in 2026.
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🇩🇿 Algeria has imposed a ban on cryptocurrency activities — violation may result in up to one year in prison and a fine of $7700.
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North Korea 2.0 is getting closer

In Russia, it was proposed to create a state VPN — with it, access will only be available to permitted content. Authorization through State Services.
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🇺🇸 Tomorrow a crypto report from the White House will be published in the USA

The White House plans to release its first report on cryptocurrencies on July 30, after 180 days of the implementation of Executive Order 14178, which replaced the Biden administration's regulations with those of President Trump's policy.

Particular attention in the report will be given to XRP and Bitcoin, as well as the recently passed GENIUS law.

New rules may not only change the cryptocurrency landscape in the USA but also impact global cryptocurrency regulation.
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Billionaire Ray Dalio advises investing in Bitcoin

Founder of Bridgewater Associates Ray Dalio recommends investors allocate 15% of their capital to Bitcoin or gold.

According to him, this will serve as protection against financial problems in the U.S.

The legendary investor admitted that he owns 'bitcoins, but not much'.
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The expansion of stablecoins poses a threat to the financial independence of the EU

📈 The global stablecoin market has grown to $250 billion. Most of them are pegged to the US dollar, which is why the European Central Bank expresses concern.

➡️ ECB Market Infrastructure and Payments Advisory Jürgen Schaaf listed a number of issues, including weakened banks, an increase in illegal transactions, and a loss of control over the financial system.

✅ A ban is not currently on the table, but the expansion of stablecoins is forcing the ECB to implement the digital euro more quickly.
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French Court and Durov: New Round of Confrontation

Pavel Durov has testified for the third time in Paris — the case concerns the possible involvement of Telegram in the distribution of prohibited content. French authorities believe that the platform is not effectively combating illegal content on the internet.

Durov's legal team is actively filing counterclaims:
— filed a motion to close the case,
— questioned the constitutionality of the trial,
— appealed to the EU Court to clarify what exactly is being demanded from Telegram.

Neither Durov nor his lawyers made any comments to the media after the court. Furthermore, since July 10, he has been officially allowed to travel to Dubai — no more than 14 days.
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