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Weekly News Recap | Jul 18 – 24 📰
Markets reacted to fresh trade measures, regulatory developments, and major infrastructure announcements, while crypto adoption and digital payments continued making headlines.
🌍 New U.S. Tariffs Introduced
President Trump announced new 10–12.5% tariffs on imports from 60 countries, saying the measures are intended to combat forced labor and strengthen domestic manufacturing.
☁️ Verizon AI Infrastructure
$VZ signed a $1B agreement with Google ( $GOOGL ) to expand its data center infrastructure, supporting growing demand for AI-powered services.
🛢 Oil Climbs
Brent crude traded above $100 per barrel for the first time since May, as supply concerns pushed energy prices higher.
🏛 Crypto Bill Still Faces Hurdles
Seven pro-crypto Senate Democrats said the Republican-backed CLARITY Act still lacks stronger ethics, consumer protection, and illicit finance safeguards, while reaffirming their commitment to working toward a final bipartisan bill.
🏦 ECB Leaves Rates Unchanged
The European Central Bank kept its deposit rate at 2.25%, maintaining its current policy stance as inflation and economic growth remain closely monitored.
₿ Bitcoin Security Initiative
@BlackRock and Strategy announced the Bitcoin Security Consortium, a new initiative focused on researching and preparing Bitcoin infrastructure for future quantum computing risks.
🇮🇳 India Bans Bitchat
Indian authorities blocked Bitchat, a privacy-focused Bitcoin messaging app that enables communication without traditional Wi-Fi or internet connectivity.
🚀 Pressure Builds on Musk's Companies
$SPCX fell below $115, marking a new post-IPO low, while $TSLA dropped 10% after weaker-than-expected quarterly earnings.
💬 Crypto Vision Expands
Founder @durov announced that @Telegram will roll out a native non-custodial Gram Wallet to all users this summer, enabling instant, zero-fee crypto transfers for more than 1 billion users.
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