On Sunday, May 25, U.S. President Donald Trump announced a delay in his proposed 50% tariffs on European Union imports, extending the deadline to July 9, 2025. The decision, shared via Trump’s Truth Social account, followed a call with European Commission President Ursula von der Leyen, who emphasized the importance of maintaining strong trade ties […]
Dollar Falls Amid Trump’s Delay in Imposing Tariffs on the EU
The U.S. dollar weakened against major currencies as U.S. equity futures climbed following President Donald Trump’s decision to delay a planned tariff hike on the European Union. The U.S. Dollar Index (DXY) initially fell but later recouped most of its losses. Meanwhile, the EUR/USD pair climbed as much as 0.5% before easing slightly to end […]
Dollar Keeps Falling, The Pound Sterling Rises on Higher Inflation
The U.S. dollar continued to decline on Wednesday, weighed down by uncertainty surrounding President Donald Trump’s proposed tax and spending bill. Meanwhile, the British pound gained ground following stronger-than-expected inflation data. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—dropped 0.4% to 99.595, extending […]
SEC Delays Decision on Solana and Other Crypto-Based ETF Proposals
The U.S. Securities and Exchange Commission (SEC) has extended the deadline for deciding on several proposed exchange-traded funds (ETFs) tied to Solana and other cryptocurrencies, according to regulatory filings released Monday. The proposals under review come from 21Shares, Bitwise, VanEck, and Canary Capital. Additional Review Time Cited by the SEC In its statement, the SEC […]
Dollar Drops Again After the Tax Vote, the Euro Rises Because of Peace Talks in Ukraine
The U.S. dollar edged lower on Tuesday as markets focused on a pivotal tax bill vote, while the euro strengthened amid rising hopes for peace talks between Ukraine and Russia. As of 04:30 ET (08:30 GMT), the U.S. Dollar Index — which measures the greenback against a basket of six major currencies — dropped 0.3% […]
Texas Bitcoin Reserve Bill Nears Critical Vote Ahead of June Deadline
Senate Bill 21 (SB 21), which would authorize the creation of a state-managed Bitcoin reserve in Texas, is approaching a crucial vote in the Texas House of Representatives. With a June 2 deadline looming, the bill must pass quickly or risk expiration and reintroduction in a future legislative session. According to an update on the […]
Dollar Plummets After Moody’s Downgrade; Euro and Pound Sterling Rise
The U.S. dollar tumbled on Monday following a surprise downgrade of the country’s sovereign credit rating by Moody’s, just days before a critical vote on President Donald Trump’s tax reform bill. As of 04:20 ET (08:20 GMT), the U.S. Dollar Index — which tracks the greenback against six major currencies — had fallen 0.7% to […]
SEC Delays Solana, Litecoin ETFs; Reviews Dogecoin and BlackRock Proposals
The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on Grayscale’s proposed Solana and Litecoin exchange-traded funds (ETFs), while opening public comment periods for two high-profile applications: BlackRock’s Bitcoin ETF redemption model and 21Shares’ Dogecoin ETF. Grayscale Solana and Litecoin ETFs Face Delays The SEC extended its review of the Grayscale Solana Trust, […]