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Showing posts from July, 2025

India Lets 30 Countries Trade With Rupee in New BRICS Strategy

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US President Donald Trump imposed 25% tariffs on India, accusing it of indulging in anti-American activities. Trump also imposed a penalty on India for buying Russian crude oil and military equipment despite the sanctions. The US President is coming down hard on BRICS, especially India, accusing them of advancing de-dollarization by putting the rupee ahead for trade and transactions. Even before Trump imposed 25% tariffs, India had been closely working to allow nearly 30 countries, including BRICS members, to settle payments in the rupee through the special Vostro bank accounts. The Reserve Bank of India (RBI) recently lifted the cap on Vostro accounts investments to push the rupee-denominated trade, according to a recent report from Reuters. Also Read: Trump’s 25% Tariff on India Puts BRICS Unity to the Ultimate Test BRICS Strategy: 30 Countries Allowed to Settle Payment With India in the Rupee Source: FinancialExpress.com BRICS member India is aiming to internationalize the rupee wit...

BlackRock increased this crypto holding by over 70% in July

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BlackRock’s Ethereum Trust (ETHA) exchange-traded fund (ETF) sharply increased its Ethereum (ETH) holdings in July, continuing its relentless accumulation. The ETF added more than 1.25 million ETH during the month, pushing its total stash to over 3 million ETH, according to a disclosure dated July 29, 2025. At the start of July, ETHA held approximately 1,768,770 ETH. Over the month, it accumulated an additional 1.25 million ETH, bringing the total to 3,018,770 ETH, an increase of about 70.7% in just four weeks. ETHA assets as of July 29. Source: BlackRock In dollar terms, the trust’s Ethereum holdings are now valued at $11.36 billion, up from roughly $6.63 billion at the beginning of the month. BlackRock ETH purchases outpace Bitcoin Notably, BlackRock, the world’s largest investment management firm, has seen its Ethereum accumulation outpace its Bitcoin (BTC) purchases.  As reported by Finbold, between July 22 and July 28, the asset manager bought ...

TRON Rallies While Market Dips: Here's Why TRX Is Up

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The cryptocurrency market has faced a dip over the last few days as fresh volatility has entered the market. The rise in volatility could be due to the upcoming Federal Reserve announcement on the US monetary policy. While the market is slowing down, TRON (TRX) is seeing rallies across all time frames. The asset is up 3.4% in the daily charts, 6.9% in the weekly charts, 12.3% in the 14-day charts, 22.1% over the previous month, and 146% since July 2024, as per CoinGecko’s TRON statistics. What’s Pushing TRX? Source: CryptoRank TRON (TRX) has seen some healthy rallies over the last few days. The latest upswing comes amid a market-wide pullback. TRX’s upward momentum could be due to the recent rise in stablecoin popularity. According to cryptocurrency Analysis firm CryptoQuant, TRX’s upswing is likely due to USDT dominance and DeFi momentum on the network. TRON’s network activity has hit a multi-year high. The network registered 273 million transactions in M...

Morgan Stanley Warns Dollar Bull Run Is Nearing Its End

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Morgan Stanley’s dollar forecast signals the end of the greenback’s 15-year dominance, and analysts are predicting a structural shift toward falling US dollar trends right now. The investment bank’s bearish Morgan Stanley dollar forecast comes as economic headwinds mount, and the dollar bull run faces unprecedented challenges along with various policy uncertainties. This actually represents a major departure from US exceptionalism that has driven the dollar bull run since 2010, even as markets were expecting continued strength. Also Read: $400B China Fund Launches First Yuan Token in De-Dollarization Push Euro Strength Rises as Dollar Bull Run Nears Collapse Source: Career Services Office Structural Shift in Currency Markets James Lord, Morgan Stanley’s Chief Global FX Strategist, outlined the firm’s contrarian Morgan Stanley dollar forecast at the year’s beginning, and the consensus was expecting continued US exceptionalism following Trump’s el...

Ethereum Exchange Reserve Plummets: Over 1 Million ETH Withdrawn

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Ethereum Is About To Breakout Of Massive Consolidation Toward $5,000

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Bitcoin’s Parabolic Glory Days May Be Over, Analyst Claims

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Venmo, PayPal Users can Send Money to Help US pay off Debt

Venmo and PayPal users can now send money directly to the US Government to help the country pay off its $36.6 trillion national debt. The digital payment platforms can be used after accessing the “Gifts to Reduce the Public Debt” page on Pay.gov. The website has existed for nearly three decades, allowing Americans to contribute directly to paying off the country’s debt. While a total of $67.3 million has been contributed, that remains negligible compared to the trillions in federal debt. Neither PayPal nor Venmo has issued a statement on this new way to help pay off the US national debt. To contribute, individuals can visit the Pay.gov portal and select their payment method. On Pay.gov, users can fill out the required forms and submit donations using Venmo, enabling real-time payments from their mobile devices. US Government adds PayPal to Help Lowering Surging National Debt: a Cry for Help? According to the US Treasury Department, the national debt has risen by over 87% in the la...

FCC OKs $8B Paramount Skydance Merger

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The FCC approval of the Paramount-Skydance merger actually finalized on Thursday, and this clears the way for the $8 billion acquisition after more than 250 days of review. The Federal Communications Commission voted 2-1 to approve this major media industry consolidation, which now enables Skydance Media to complete its takeover of Paramount Global within the coming weeks. CBS Faces DEI Ban as Chris McCarthy Exits in $8B Skydance Deal FCC approval breaking news – Source: NBC The Chris McCarthy resignation has become official as the Paramount co-CEO announced his departure following the FCC Paramount Skydance merger completion. McCarthy, who’s been with the company for 22 years, actually exercised change-of-control provisions rather than accept a reduced role under David Ellison’s leadership. The CBS DEI ban represents one of the key merger conditions right now. FCC Chairman Brendan Carr stated that Skydance committed to eliminating all diversity programs at the combine...

Apple Farm season 2 now live on Etherlink with $3M in rewards

Apple Farm Season 2 has launched on Etherlink with over $3 million in rewards to support the Layer 2’s DeFi ecosystem growth, as per the report shared with Finbold on July 24.  The second season follows Season 1, which attracted thousands of users, generated over $47 million in total value locked (TVL), and distributed $3 million in XTZ rewards. Introducing Apple Farm Season 2 ‍ More projects, more apps, more DeFi $3,000,000+ in rewards Starting July 24th, get ready! pic.twitter.com/uYam2RIbxP — Etherlink (@etherlink) July 14, 2025 Apple Farm is a rewards program that incentivizes users to participate in DeFi applications on Etherlink, including trading, lending, and providing liquidity. Season 2 introduces applXTZ, a new reward token that provides users immediate access to 20% of their rewards, with the remaining 80% unlocking over six months. “Season 1 showed there’s strong demand for smart, well-structured incentives,” said...