Event Calendar
According to MSX.COM data, Tesla's stock price closed down more than 14%, and its second quarter profit fell short of expectations. Ihor Dusaniwsky, Managing Director of S3 Partners, stated that this round of selling allows investors who bet on a decline in Tesla's stock price to potentially earn around $4.12 billion in daily mark to market profits. S3 data shows that approximately 3% of Tesla's shares have been sold short.
According to The New York Times, Iran rejected the ceasefire proposal put forward by US President Trump, which was handed over by the Iraqi Prime Minister, on Thursday.
The Sao Paulo Consumer Prosecution Office has sued Tools for Humanity and Amazon AWS, accusing them of misusing biometric data and demanding compensation of 240 million Brazilian reals, approximately 47 million US dollars.
According to South Korean media reports, the financial regulatory authorities in South Korea plan to advance the minimum margin increase for single stock leveraged ETFs to the end of this month, in response to President Lee Jae myung's call for rapid implementation of supplementary measures. On the 21st, the Korea Financial Investment Association held a meeting with securities companies, the Korean Stock Exchange, Koscom and other institutions to discuss the implementation of the single stock leveraged ETF system. The regulatory authorities will make the final decision on the specific implementation time and applicable methods.
Intel's Chief Financial Officer stated that revenue from the artificial intelligence personal computer business increased by 26% month on month, accounting for two-thirds of the customer revenue structure.
On July 24th, Gemini donated $10 million worth of Bitcoin to MAGA Inc., a super political action committee that supports US President Trump. According to the Federal Election Commission (FEC) report, Gemini co founders Cameron and Tyler Winklevoss made two donations on June 19th, each worth over $5 million. The Winklevoss brothers have donated $1 million to the Trump 2024 campaign team and $21 million in Bitcoin to the Digital Freedom Fund PAC. As of June 30th, MAGA Inc. has reported receiving over $397 million in funding.
According to the announcement from the Office of the United States Trade Representative (USTR), under Section 301 of the 1974 Trade Act, tariffs ranging from 10% to 12.5% will be imposed on 60 economies. The new regulations will take effect at 12:00 noon on July 24th (UTC+8). The customs duty on goods in transit will take effect at 12:01 noon on July 28th (UTC+8). Fuel, food, fertilizers, products subject to industry-specific tariffs, and goods covered by USMCA are exempt from the new tariffs, which do not overlap with the 232 tariffs implemented by Trump.
On July 24th, the offshore Chinese yuan (CNH) was trading at 6.7775 yuan against the US dollar, down 24 points from the late Wednesday trading in New York. It was traded within the range of 6.7676 to 6.7786 yuan (UTC+8) during the day.
US President Trump has stated that Iran needs to compensate for all losses suffered by the ships with Iranian funds held by the United States. (Watcher.Guru)
The Russian central bank has confirmed that it will allow investors to use Bitcoin to purchase stocks and bonds, and allow banks and stock exchanges to access 24/7 digital finance. (The Bitcoin Historian)
On the 23rd local time, the US Senate voted 49 to 47 to reject a resolution aimed at limiting Trump's war power over Iran, which aims to prevent the Trump administration from taking military action against Iran without congressional authorization.
White House crypto advisor Patrick Witt expressed optimism about the prospect of the CLARITY Act passing before August and said he still has confidence in pushing for a vote on the bill. (CoinDesk)
BitcoinTreasuries.net announced on the X platform that Mirae Asset Global Investments, with a management scale of $84.5 million, has increased its holdings of 25573 Strategy shares worth $2.42 million, and currently holds 135951 shares worth $12.87 million. Mirae Asset Global Investments is the second largest asset management company in South Korea.
Senior US officials have stated that President Trump will use all tools at his disposal to achieve desired goals, including the use of tariffs.
Senior US officials have stated that these tariff measures are not simply a replication of the International Emergency Economic Powers Act tariffs that were previously overturned by the US Supreme Court.
According to Bitcoin News on the X platform, the mandatory signal transmission for BIP-110 will begin around August 8th, and users can track the differences between the old chain and BIP-110 chain through the dashboard.
Strategy has updated its valuation indicators, focusing only on the comparison between the market value of common stocks and the remaining Bitcoin, and no longer tracking enterprise value. (Bitcoin Archive)
The deadline to get the crypto market structure bill done before senators scatter will likely be missed, says Majority Leader Thune, though it may get a start before then.
Nasdaq listed company Zhibao Technology plans to sell its stocks through PIPE financing in exchange for approximately 3500 bitcoins worth around $220 million. After the transaction is completed, the buyer is expected to designate a majority of the members of the Zhibao board of directors. On July 15th, Zhibao received a defect notice from NASDAQ due to its stock price falling below $1 per share, requiring compliance to be restored within 180 calendar days.
25 states and the District of Columbia in the United States have filed a lawsuit in the federal court of Rhode Island, demanding to prevent the Trump administration from linking some disaster emergency funds to state changes in election management systems. The US Department of Homeland Security has imposed conditions on some Federal Emergency Management Agency grants totaling over $1 billion. If states do not submit plans to switch to manually filled paper ballot devices, 20% of the related grants will be temporarily suspended.