FameEX Morning Crypto News Recap | July 31, 2025
2025-07-31 04:07:26White House Advances Digital Asset Rules with New Working Group Report
On July 30, the White House Digital Asset Market Working Group released a key report supporting DeFi integration into traditional finance, promoting innovation via regulatory sandboxes, advancing the GENIUS Act for stablecoin regulation, and clarifying tax guidelines for crypto mining and staking.
Trump Imposes 25% Tariff and Sanctions on India
President Trump criticized India's high tariffs and trade barriers, noting its reliance on Russian military and energy purchases. He accused India of poor performance regarding Russia's actions in Ukraine. As a result, starting August 1, India will face a 25% tariff and penalties.
Trump Signs Executive Order Targeting Brazil with 50% Tariff, Finalizes South Korea Agreement
On July 31, President Trump signed an order imposing a 40% tariff on Brazil, raising the total to 50%. Separately, the U.S. reached a trade deal with South Korea, which will face a 15% tariff on exports to America and pledged $350 billion in U.S. investments.
Powell’s Speech Remains Neutral as September Rate Cut Remains Uncertain
Federal Reserve Chairman Powell remained neutral in his speech, despite two board members dissenting with dovish views. Analysts noted that Powell’s remarks did not signal any clear preparation for a rate cut in September.
Ethereum Draws Increased Capital via Traditional Investment Channels
Bitwise CIO Matt Hougan said Ethereum's treasury firm has repackaged digital assets for traditional investors, solving Ethereum's "narrative dilemma" by making them more accessible and understandable.
Analysts: Dollar Could Strengthen as U.S. Economic Data Exceeds Expectations
Monex Europe analysts suggest the dollar may strengthen further if U.S. economic data outperforms and Fed Chair Powell maintains a cautious approach toward interest rate cuts in upcoming policy decisions.
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