Dollar losses extend amid U.S. policy uncertainty

Dollar losses extend amid U.S. policy uncertainty

6 hours ago

Odaily News The dollar fell to its lowest level since February 2022 due to uncertainty over U.S. trade and fiscal policy. The reciprocal tariffs suspended by U.S. President Trump are due to end on July 9. Meanwhile, the U.S. Senate is holding a marathon vote on Trump's tax and spending bill. Investors have become more cautious ahead of the release of key U.S. job market data this week. These data include the JOLTs job vacancies data, which will be released on Tuesday, and the non-farm payrolls report on Thursday. Commerzbank analyst Volkmar Baur said in a report that data that is far below expectations will increase the likelihood of a rate cut by the Federal Reserve in July and could further weaken the dollar. (Jinshi)

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2025-07-01 16:08:09

Stablechain, a stablecoin public chain supported by USDT, is officially released

Odaily News According to the official Stable X platform release, the stablecoin public chain Stablechain supported by USDT was officially released. Its features include: USDT as native Gas; ultra-low cost and instant settlement; high-performance operation; enterprise-level security and scale support and cross-chain composability based on USDT0 and layerzero support; developer-friendly environment; unified wallet for global payments.

2025-07-01 16:07:22

U.S. Senate passes Trump's massive tax cut and spending bill in 51-50 vote

Odaily News Market news: The U.S. Senate passed Trump's massive tax cut and spending bill by a 51-50 vote, and the bill was sent to the House of Representatives. (Jinshi)

2025-07-01 16:04:07

SharpLink Gaming: ETH holdings reached 198,167

Odaily News SharpLink Gaming, which uses Ethereum reserves, announced on the X platform that it acquired approximately 9,468 ETH at a price of approximately US$22.8 million between June 23 and June 30, with an average price of approximately US$2,411 per ETH, and its ETH holdings have increased to 198,167. As of June 30, SharpLink's ETH has been 100% staked, and since the adoption of this staking strategy on June 2, it has received staking rewards of approximately 222 ETH.

2025-07-01 15:56:07

Coinbase will list Wormhole (W)

Odaily News Coinbase announced that it will launch Wormhole (W).

2025-07-01 15:47:19

Fed Chairman Powell: Tariff uncertainty leads to delayed rate cuts

Odaily News Federal Reserve Chairman Powell said at a meeting in Sintra, Portugal that if it were not for US President Trump's tariff policy, the Fed would have started cutting interest rates in 2025 and would have adopted a more relaxed monetary policy at present. When asked whether the uncertainty caused by the current tariff system of the US government has caused the Fed to postpone rate cuts, Powell gave an affirmative answer, adding that due to the impact of tariffs, almost all forecasts for US inflation rates are rising sharply. Powell admitted that despite the increasing pressure from the US government, the Federal Reserve has entered a mode of maintaining interest rates. Powell also said that given the instability of the current economic outlook, the Federal Reserve is still waiting and watching the situation to learn more. (Jinshi)

2025-07-01 15:16:59

The US SEC is exploring universal listing standards for token-based ETFs

Odaily News According to market news: The U.S. SEC is exploring universal listing standards for token-based ETFs to simplify the approval process.

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Stablechain, a stablecoin public chain supported by USDT, is officially released

U.S. Senate passes Trump's massive tax cut and spending bill in 51-50 vote

SharpLink Gaming: ETH holdings reached 198,167

Coinbase will list Wormhole (W)

Fed Chairman Powell: Tariff uncertainty leads to delayed rate cuts

The US SEC is exploring universal listing standards for token-based ETFs