Weekly Recap:
• US says Chinese hackers breached the Federal Reserve.
• Coinbase expands Bitcoin-backed mortgages without selling $BTC or facing margin calls.
• Major banks advance plans for a joint stablecoin.
• Elon Musk calls Sam Altman "untrustworthy" and accuses him of stealing OpenAI.
• Bitcoin posts its biggest weekly gain since March 2023, surging 23%.
• Japan to launch instant blockchain settlement for stocks and government bonds.
• SEC proposes modernized crypto custody rules.
• $13 trillion Charles Schwab to add Solana, Avalanche, and Chainlink trading.
• OpenAI says it will achieve AGI this year.
• Vivek Ramaswamy's Strive buys 1,100 Bitcoin for $85 million.
• UK orders Bank of England to advance stablecoin and digital money innovation.
• China threatens retaliation over US sanctions on Iran.
• US economy grows 1.5% in Q2.
• Bessent could tap nearly $1 trillion for Treasury bond buybacks.
• Trump announces historic Venezuela oil deal that could double US reserves.
• Elon Musk predicts SpaceX will generate $3.5 trillion in revenue by 2033.
• Citadel warns Treasury buybacks could weaken the dollar and fuel inflation.
• Trump raises tariffs on Canadian autos, parts, and steel to 50% in 2027.
• Ontario threatens to cut US electricity and critical mineral supplies.
• Shell CEO warns the oil market is losing its "shock absorber."
• US imposes an additional 7.5% tariff on Chinese goods.
• Canada declares it is in a trade "war" with the US.
• Nvidia $NVDA reports $96.2 billion in Q2 revenue, beating estimates.
• Canada announces tariffs of up to 50% on $20 billion of US goods.
• Thailand advances rules for spot Bitcoin and Ethereum ETFs.
• OpenAI says its new AI chips can outperform Nvidia processors.
🇷🇺 ADOPTION: Sber, Russia’s largest bank, plans to accept Bitcoin, Ether and USDT as loan collateral as the country’s new crypto regulations take effect on September 1.
NEW: Solana Mobile’s $SKR has become the biggest gainer among the top 200 cryptocurrencies by market cap over the last 24 hours, followed by DePIN network Helium’s $HNT.
BREAKING: Argentine peso hits a new all time low against the USD.
It is now down 99.67% in the last 13 years.
One peso was worth 20 cents in 2013, is now worth less than a tenth of one cent.