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The psychedelic drugs market is emerging as a strategic investment opportunity in healthcare, with forecasts generally placing its value around US$6.4 billion in 2025.

This burgeoning sector is set for robust, double-digit compound annual growth, significantly driven by North America, which is anticipated to account for approximately 45–50 percent of this market.

The first half of 2025 was characterized by clinical advancements and softening policy stances, furthering momentum and contributing to growing market interest.

Clinical progress and policy shifts drive market interest

Interest in the space continued in H1 as drug candidates advanced into pivotal trials, particularly in the treatment of depression, anxiety and PTSD. Cybin (NYSEAMERICAN:CYBN) reported meaningful progress, citing investor and regulatory confidence in the therapeutic potential of psilocybin, LSD analogs and DMT derivatives.

Cybin’s 2025 financial results, released on June 30, highlighted significant progress in its lead programs, as well as its strong financial position, with C$135 million in cash reported.

CEO Doug Drysdale emphasized the company’s progress in building a strong foundation for anticipated clinical and regulatory milestones.

Key highlights include strengthened intellectual property with new patents for CYB003 and CYB004, strategic partnerships with Osmind and Thermo Fisher Scientific, and promising Phase 2 efficacy data for CYB003 in MDD, showing 100 percent responder rates and 71 percent remission with two 16 mg doses. The Phase 2 study for CYB004 in GAD is underway and expected to be completed around mid-2025.

Likewise, COMPASS Pathways (NASDAQ:CMPS) announced that its COMP360 psilocybin treatment successfully met its primary goal in a Phase 3 trial for treatment-resistant depression on June 23.

A single 25mg dose of COMP360 significantly reduced depression symptoms compared to a placebo at six weeks, showing a clinically meaningful difference and strong statistical significance. This marks the first Phase 3 efficacy data reported for a classic psychedelic, and Compass Pathways said it plans to discuss these positive results with the FDA.

Policy signals were equally consequential. Notably, the Texas House and Senate passed SB 2308 in May, which will provide up to US$100 million in state funds for ibogaine trials.

The results of the trials will be presented to the US Food and Drug Administration (FDA) for potential approval of ibogaine for opioid use disorder, co-occurring substance use disorder and other neurological or mental health conditions. Governor Abbott signed the bill into law on June 11, representing a notable and progressive shift in the Republicans’ approach to drug policy.

However, the sector continues to face real challenges, such as costly clinical access and inconsistent regulatory frameworks that have resulted in a patchwork of state-level regulations. Despite these challenges, there are ongoing efforts towards federal reform and standardized guidelines.

Health Secretary Robert F. Kennedy Jr. recently told members of Congress that new therapeutics using psychedelic substances could revolutionize treatment for mental health challenges.

‘This line of therapeutics has tremendous advantage if given in a clinical setting and we are working very hard to make sure that happens within 12 months,” he said during a House subcommittee meeting regarding the Trump administration’s proposed budget for the US Department of Health and Human Services (HHS).

FDA head Marty Makary has likewise labeled the assessment of MDMA and other psychedelics as a “top priority,” announcing initiatives aimed at potentially expediting their approval.

One new program in particular aims to accelerate drug approval, potentially cutting review times from six months to one month.

This initiative might relax requirements for some drugs, possibly waiving placebo-controlled studies, which have been a hurdle for psychedelic research because patients often know if they’ve received the drug.

Looking ahead

The National Psychedelic Landscape Assessment (NPLA) identifies 11 states with a high likelihood of future movement based on legislative viability, advocacy strength, public support, legislative momentum and strategic impact: New Mexico, Nevada, Texas, Illinois, Missouri, California, Massachusetts, Connecticut, Indiana, New York and Arizona.

The report also points to several key trends and persistent challenges in the current psychedelic market.

Decriminalization at the state level has seen an enactment rate of just two percent, despite being a frequently introduced legislative concept, with 67 bills introduced since 2020. Movements have been hampered by public health and safety concerns, although local efforts are gaining momentum.

However, adult-use access has seen no legislative enactments through state legislatures, with existing programs in Oregon and Colorado being implemented predominantly via citizen-led ballot initiatives.

When it comes to medical access programs, New Mexico stands out as the sole state to successfully enact a licensed and regulated psilocybin therapy program through SB 219, battling hurdles such as regulatory complexity, affordability and securing sufficient provider participation.

The report also found that clinical trials have been gaining traction, particularly when state-funded and focused on vulnerable populations like veterans and first responders, with Indiana emerging as a leader in this area.

The state established a therapeutic psilocybin research fund in 2024 that compares psilocybin against existing treatments, and ensures transparent fund administration and research application processing.

A more moderate approach is seen in pilot programs, which offer a controlled environment for access and data collection. The crucial step of implementing legislation, necessary to operationalize enacted policies, shows a 50 percent success rate, according to the report’s findings.

The report also points to corporate influence and the strategic efforts by corporate entities to gain commercial advantage through state trigger laws and compound-specific legislation favoring patented compounds like COMP360.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (July 30) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$16,964, down by 0.5 percent over the last 24 hours. Its highest valuation on Wednesday was US$118,644, while its lowest valuation was US$116,079.

Bitcoin price performance, July 30, 2025.

Chart via TradingView

Markets rallied briefly following the release of the White House’s crypto policy report, which called for greater SEC clarity and new legislation to regulate digital assets, but pulled back after the Federal Reserve left interest rates unchanged and warned of slowing economic growth.

Ethereum (ETH) was priced at US$3,764.26, down by 0.1 percent over the past 24 hours. Its lowest valuation on Wednesday was US$3,708.13, and its highest was US$3,820.17.

Altcoin price update

  • Solana (SOL) was priced at US$176.09, down by 2.9 percent over 24 hours. Its lowest valuation on Wednesday was US$173.22, and its highest was US$179.83.
  • XRP was trading for US$3.10, down by 0.6 percent in the past 24 hours. Its lowest valuation of the day was US$3.04, and its highest valuation was US$3.15.
  • Sui (SUI) is trading at US$3.77, down 1.3 percent over the past 24 hours. Its lowest valuation of the day was US$3.66, and its highest was US$3.81.
  • Cardano (ADA) was trading at US$0.7600, down by 2.3 percent over 24 hours. Its lowest valuation on Wednesday was US$0.7414, and its highest was US$0.7759.

Today’s crypto news to know

Ethereum marks a decade since launch

Ethereum marked its 10th anniversary on July 30 with growing corporate interest in Ether as a potential treasury reserve asset.

The Ethereum network launched in 2015 and has since maintained uninterrupted uptime, becoming the backbone of the decentralized finance (DeFi) movement. In the lead-up to the anniversary, Ether’s price approached US$4,000, driven in part by renewed institutional inflows and growing confidence in the asset’s long-term utility.

The Ethereum Foundation will commemorate the milestone by issuing celebratory NFTs and organizing more than 100 events globally.

A live broadcast featuring Vitalik Buterin, Joseph Lubin, and Tim Beiko will also be hosted to reflect on the network’s origins and future direction.

SEC greenlights in-kind ETP creations and redemptions

On Tuesday, July 29, the Securities and Exchange Commission (SEC) gave its approval for in-kind creations and redemptions by authorized participants for crypto asset exchange-traded products (ETPs).

“It’s a new day at the SEC, and a key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets,” said Chairman Paul Atkins in the announcement. “Investors will benefit from these approvals, as they will make these products less costly and more efficient.

“Today’s approvals continue to build a rational regulatory framework for crypto, leading to a deeper and more dynamic market, which will benefit all American investors. This decision aligns with the standard practices for similar ETPs.”

Authorized institutions can now directly exchange crypto assets like Bitcoin or Ethereum for shares of a crypto ETP, and vice versa, making these products more efficient and potentially cheaper to manage than when only cash transactions were allowed.

Senator Lummis proposes bill to allow digital assets for mortgages

In a Tuesday notice, Wyoming Senator Cynthia Lummis introduced the 21st Century Mortgage Act, a law that could compel mortgage purchasers to consider digital assets in applications.

Lummis said her proposed bill would initiate congressional action following a June order from the US Federal Housing Finance Agency (FHFA) that mandated US mortgage purchasers Fannie Mae and Freddie Mac “consider cryptocurrency as an asset for single-family loans.”

“This legislation embraces an innovative path to wealth-building, keeping in mind the growing number of young Americans who possess digital assets,” said Lummis.

A similar crypto mortgage proposal, the American Homeowner Crypto Modernization Act, was introduced by Republican Representative Nancy Mace on July 14. Mace’s proposed bill would mandate that mortgage lenders incorporate the value of a borrower’s digital assets held in cryptocurrency brokerage accounts into their mortgage credit evaluations.

The bill is one of three that the US Senate may consider after a month-long recess, alongside a digital asset market structure bill and a bill aimed at barring the Federal Reserve from launching a central bank digital currency.

eToro expands 24/5 trading and tokenizes US stocks

Trading platform eToro has announced plans to expand its current 24/5 trading for 100 popular US stocks and ETFs, meaning customers can now trade these assets five days a week, almost around the clock, even outside regular market hours.

Co-founder and CEO Yoni Assia spoke with Yahoo Finance Executive Editor Brian Sozzi about the move on Tuesday (July 29).

“We’re expanding a lot of the trading universe and trading hours on the eToro platform. Announced today, more 24-hour stock trading on the platform, as well as near 24/5 trading on exchange CME traded futures, a new type of futures product,” Assia said.

“That’s very exciting for our users worldwide. And very excited also about revamping tokenization in eToro, launching those 100 stocks that trade 24/5 on the eToro platform as tokenized assets, gradually available to people with the eToro crypto wallet.”

The company also announced the launch of tokenized versions of these same US stocks as ERC20 tokens on the Ethereum blockchain.

This will eventually enable true 24/7 trading and transfers, and is part of eToro’s strategy to tokenize all assets on their platform and integrate them into the broader decentralized finance world. They’re also rolling out spot-quoted futures with CME Group, a simpler futures product, currently in Europe, with plans for wider availability.

Trump Working Group calls for aggressive federal action on crypto markets

A White House-appointed working group on digital asset markets has released a sweeping set of recommendations to overhaul US crypto policy, according to a preview.

The group, established under an executive order by Donald Trump in January, urged Congress to pass the Digital Asset Market Clarity Act and called on regulators to use existing powers to support immediate crypto market growth.

The report recommends that the Commodity Futures Trading Commission be granted broader oversight over spot markets for non-security tokens and that safe harbor provisions be used to accelerate product launches.

It also advises federal banking regulators to clarify permissible crypto-related bank activities and modernize capital rules to reflect token-based risks.

The Trump administration said the proposals would help ensure US leadership in the “blockchain revolution” and usher in a “Golden Age of Crypto.”

JPMorgan to let Chase customers buy Crypto via Coinbase

JPMorgan Chase (NYSE:JPM)has announced a major partnership with Coinbase that will allow Chase credit card users to purchase cryptocurrencies directly from the exchange.

The service is expected to roll out in fall 2025, with full account-linking functionality available by 2026. Customers will also be able to redeem Chase credit card reward points for USDC, a stablecoin pegged to the US dollar.

The move marks a notable shift in the firm’s stance toward crypto, going from a cautious observer to an active participant in retail-focused blockchain infrastructure.

With crypto’s total market cap recently crossing US$4 trillion, large banks are now racing to integrate digital asset capabilities into their core offerings.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Israel-supporting Democratic Rep. Ritchie Torres revealed on Tuesday he no longer has a relationship with some of his family due to his support for Israel. 

‘I’ve lost friends, all of you have lost friends there,’ he told a room full of Jewish students at the Israel on Campus Coalition Summit on Tuesday. ‘I’m no longer on speaking terms with with certain members of my family.’

Torres’ deep support for Israel has put him at odds with progressives in his party — but the New York Democrat has only recently begun to express frustration with the Jerusalem government. 

‘No offense, but there are moments when I feel like the Israeli government has the worst PR operation that I’ve ever seen,’ he told a room full of Israel-supporting students at the Israel on Campus Coalition Summit, some of whom applauded the remark. 

‘If I have like a normal constituent who comes to me, is not anti-Israel, is not anti-Semitic, but expresses this concern about hunger in Gaza, I cannot tell her there’s no issue,’ he said. ‘I cannot deny it. I cannot downplay that.’

The Hamas-run Gaza Health Ministry reports that 60,000 Palestinians have died as a result of Israel’s offensive campaign in Gaza to eradicate Hamas, and 154 have died from lack of food. President Donald Trump this week acknowledged there’s ‘real starvation’ in Gaza due to food shortages.  

Torres said that while he doesn’t hold Israel responsible for that starvation, ‘I feel like we should be doing everything we can to ease the human suffering in Gaza.’

He claimed that Israel is held to a ‘double standard’ because ‘no other country has been and has been expected to deliver food to its adversaries.’ 

Aid has been trickling into Gaza through the Israel-partnered Gaza Humanitarian Fund, which, since operations began on May 27, the group says has delivered more than 97 million meals. 

That ‘definitely contradicts the narrative that there’s a deliberate policy of starvation,’ Torres said. 

However, Israeli forces guard distribution sites, and the United Nations — which opposes GHF — claims over 1,000 Palestinians have died seeking aid through the group. GHF, in turn, argues the U.N.’s aid distribution has been entirely ineffective: U.N. data shows that only 8% of U.N. aid has reached its destination without being looted in the last 10 weeks, according to a Reuters report.

Israel has said there is no widespread famine in Gaza, asserting photos are misleading or of isolated cases, but has started to pause fighting in large swathes of the strip for 10 hours a day to allow for a surge of aid by land and air. 

A ceasefire and hostage deal has so far evaded Israel and Hamas leadership. White House envoy Steve Witkoff is on his way to Israel for negotiations as of Wednesday, Axios reported. 


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The Supreme Court revealed on Wednesday that Ghislaine Maxwell’s appeal to her sex trafficking conviction will be among the many cases the high court reviews at a closed-door conference in September.

The Supreme Court posted a brief notice indicating it plans to examine a petition from Maxwell, Jeffrey Epstein’s former girlfriend and associate, on Sept. 29, marking the first time the justices will have her case before them. The public could learn whether the high court plans to review Maxwell’s case within days or weeks of that date.

If the Supreme Court were to deny Maxwell’s petition, she would have no appeal options left. If the high court were to grant it, that means it would review Maxwell’s arguments that she was improperly prosecuted.

Maxwell was convicted by a jury in New York in 2021 of five counts involving sex trafficking of a minor and conspiracy and sentenced to 20 years in prison.

She appealed her conviction, arguing it should be tossed out because a plea deal Epstein reached with the federal government in 2007 immunized her and statutes of limitations for her actions had lapsed.

Maxwell’s case has reentered the spotlight in recent weeks after the Department of Justice (DOJ) and FBI revealed that they had reviewed Epstein’s case files and found no further information that they could release to the public. The DOJ and FBI also said they uncovered no further evidence that would allow them to bring investigative action against figures who may have been associated with Epstein, a wealthy financier and registered sex offender who died in 2019 while in prison awaiting trial.

However, the administration faced intense blowback from MAGA supporters who felt Trump appointees, including Attorney General Pam Bondi and FBI Director Kash Patel, were reneging on promises to unveil revelatory information about Epstein’s case.

Trump, who was among the many prominent figures who once socialized with Epstein, said the topic was ‘sordid’ but ‘boring’ and dismissed questions about it. However, in the face of building pressure, the president demanded the DOJ take more action to release files.

The Supreme Court signaling that it will review Maxwell’s case comes at a delicate moment.

After Trump’s demands, the department asked the court to release a limited and redacted batch of documents from the grand juries’ indictments of Epstein and Maxwell. Then, DOJ Deputy Attorney General Todd Blanche met with Maxwell in Tallahassee, Florida, where she is serving her prison sentence, and questioned her for two days. 

Blanche’s motives for the meeting remain unclear.

Maxwell’s attorney, David Markus, told reporters after the meeting that it marked the ‘first opportunity she’s ever been given to answer questions about what happened.’  She answered questions about ‘maybe about a hundred different people, and she didn’t hold anything back,’ Markus said. He said they had not ‘yet’ approached Trump about clemency. The president recently said, when asked by a reporter about the matter, that he is ‘allowed’ to give Maxwell a pardon but that he had not considered it at this stage.

The House Oversight Committee has also moved to pull back the curtain on Epstein’s case by subpoenaing Maxwell to testify before the panel.

Maxwell’s attorney responded by saying she would need full immunity to testify and that she wanted to wait until after the Supreme Court responded to her petition.


This post appeared first on FOX NEWS

A Senate Republican wants the Justice Department to investigate, and potentially prosecute, former Special Counsel Jack Smith over whether he ‘unlawfully took political actions to influence the 2024 election’ against President Donald Trump.

Sen. Tom Cotton, who chairs the Senate Intelligence Committee, accused Smith of seeking to impact the 2024 election in his capacity as special counsel under the Biden-led Justice Department in a letter to the acting head of the Office of Special Counsel, Jamieson Greer, first obtained by Fox News Digital.  

‘As the Office of the Special Counsel is tasked with ensuring federal employees aren’t conducting partisan political activity under the guise of their federal employment, you’re well situated to determine whether Smith broke the law,’ the Arkansas Republican wrote.

‘Many of Smith’s legal actions seem to have no rationale except for an attempt to affect the 2024 election results – actions that would violate federal law,’ he continued.

Smith was tapped by former Attorney General Merrick Garland to probe allegations that Trump sought to overturn the 2020 election results, and later investigated the handling of classified documents that were uncovered during a raid at Trump’s Mar-a-Lago compound.

Cotton listed four instances during Smith’s tenure where he charged that the prosecutor sped up trial dates and published information ‘with no legitimate purpose.’

In one example, Cotton accused Smith of fast-tracking the trial date and jury selection for his case against Trump related to his August 2023 indictment that was part of his 2020 election investigation.

That indictment included four charges against the president, including conspiracy to defraud the United States, obstruction of an official proceeding, conspiracy to obstruct an official proceeding, and conspiracy against rights.

Cotton argued that, typically, defendants have more than two years to prepare for that kind of trial, and noted that the jury selection period was slated just two weeks before the Iowa Caucuses in 2024.

He also charged that Smith skirted the normal appellate process and ‘failed to articulate a legitimate reason’ the court should grant his request when Smith demanded a trial before the forthcoming election day, wanted an expedited review by the appeals court and then filed a petition with the Supreme Court to bypass the district court after Trump filed his defense with the District of Columbia District Court in December 2023.

Cotton accused Smith of violating the Justice Department’s ’60-day rule,’ that prevents prosecutorial steps from being taken that could influence an upcoming election. That charge stemmed from Smith’s move to file a brief following the Supreme Court’s decision regarding presidential immunity, which was granted on Sept. 26, 2024, a little over a month out from the election.

And that brief, Cotton noted, exceeded the normally allowed length four times over and included grand jury testimony ‘typically kept secret at this point in other proceedings.’

‘These actions were not standard, necessary, or justified – unless Smith’s real purpose was to influence the election,’ Cotton said. ‘In fact, throughout Special Counsel Smith’s tenure, he regularly used farfetched and aggressive legal theories to prosecute the Republican nominee for president. I would add that President Biden also called during the election for President Trump to be ‘locked up.’’

‘President Trump, of course, vanquished Joe Biden, Jack Smith, every Democrat who weaponized the law against him, but President Trump’s astounding victory doesn’t excuse Smith of responsibility for his unlawful election interference,’ he continued. ‘I therefore ask the Office of Special Counsel to investigate whether Jack Smith or any members of his team unlawfully acted for political purposes.’

Fox News Digital reached out to Smith but did not immediately hear back.


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The Treasury Department announced Wednesday that it would be officially imposing sanctions on Brazilian Supreme Federal Court Justice Alexandre de Moraes, the jurist leading a criminal investigation against former right-wing President Jair Bolsonaro. 

News of the sanctions comes after President Trump threatened a 50% tariff on products from Brazil unless the country stopped what Trump has described as an ‘unjust’ and politically motivated case against Bolsonaro that is charging the former Brazilian president with organizing an attempted coup. A notice announcing the sanctions from the Treasury Department alleged De Moraes has been using his position to authorize ‘arbitrary’ pre-trial detentions, suppress freedom of speech and target political opponents. 

‘Alexandre de Moraes has taken it upon himself to be judge and jury in an unlawful witch hunt against U.S. and Brazilian citizens and companies,’ Secretary of the Treasury Scott Bessent. ‘De Moraes is responsible for an oppressive campaign of censorship, arbitrary detentions that violate human rights, and politicized prosecutions—including against former President Jair Bolsonaro.’

‘Today’s action makes clear that Treasury will continue to hold accountable those who threaten U.S. interests and the freedoms of our citizens,’ Bessent added.

As a result of the sanctions, all of De Moraes’s property and assets that are located within the United States, or that are in the possession of any U.S. persons, have been frozen. That also includes any assets where De Moraes has a 50% or more stake.

Any corporations or financial institutions that engage in certain transactions or activities deemed to violate the sanctions against De Morae also risk exposure to sanctions themselves, the Treasury Department also indicated. 

The Trump administration’s sanctions against De Moraes stem from the president’s first-term Executive Order 13818, which declared a national emergency with respect to human rights abuses and corruption around the world. The 2017 executive order, according to the Treasury Department, builds on the Global Magnitsky Human Rights Accountability Act passed in 2016, which allows the president and the Treasury’s Office of Foreign Assets Control to impose sanctions on foreign officials responsible for human rights violations. 

Rumors the U.S. might levy sanctions targeting De Moraes were reported earlier this month as Bolsonaro’s son, Eduardo, was reportedly working closely with the White House to push the United States to impose sanctions.  

De Moraes, a Brazilian Supreme Federal Court Justice, has been leading the case against Bolsonaro, steering key developments in the case as its official ‘rapporteur,’ which followed an 884-page report by the Brazilian Prosecutor-General Paulo Gonet detailing a scheme alleging Bolsonaro and 33 others participated in a plan to remain in power despite losing to current President Luiz Inácio Lula da Silva

The case against Bolsonaro alleges the attempted coup involved the systematic sowing of national distrust in the electoral system among the populace, drafting a decree to give the plot a veneer of legality, and pressuring top military brass to go along with the plan and inciting a riot in the capital.

A panel of justices on Brazil’s Supreme Court accepted the charges against Bolsonaro in March, and ultimately ordered the former leader to stand trial. All five justices ruled in favor of accepting the charges, which included accusations involving a plan to poison Bolsonaro’s successor and kill a Supreme Court judge.


This post appeared first on FOX NEWS

Here’s a quick recap of the crypto landscape for Wednesday (July 30) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$117,896, down by 0.3 percent over the last 24 hours. Its highest valuation on Wednesday was US$118,398, while its lowest valuation was US$117,757.

Bitcoin price performance, July 30, 2025.

Chart via TradingView

Market sentiment remains cautious as investors await two key developments: the White House’s crypto policy report, required under a Trump executive order from January, and the Federal Reserve’s interest rate decision. Both are expected later today and could significantly sway crypto markets.

Ethereum (ETH) was priced at US$3,778.51, down by 1 percent over the past 24 hours. Its lowest valuation as of Wednesday was US$3,730.12, and its highest was US$3,827.40.

Altcoin price update

  • Solana (SOL) was priced at US$178.57, down by 1.7 percent over 24 hours. Its lowest valuation on Wednesday was US$177.01, and its highest was US$182.20.
  • XRP was trading for US$3.09, down by 1 percent in the past 24 hours. Its lowest valuation of the day was US$3.05, and its highest valuation was US$3.15.
  • Sui (SUI) is trading at US$3.76, down 2.1 percent over the past 24 hours. Its lowest valuation of the day was US$3.69, and its highest was US$3.85.
  • Cardano (ADA) was trading at US$0.7663, down by 2.8 percent over 24 hours. Its lowest valuation on Wednesday was US$0.7543, and its highest was US$0.7878.

Today’s crypto news to know

Ethereum marks a decade since launch

Ethereum marked its 10th anniversary on July 30 with growing corporate interest in Ether as a potential treasury reserve asset.

The Ethereum network launched in 2015 and has since maintained uninterrupted uptime, becoming the backbone of the decentralized finance (DeFi) movement. In the lead-up to the anniversary, Ether’s price approached US$4,000, driven in part by renewed institutional inflows and growing confidence in the asset’s long-term utility.

The Ethereum Foundation will commemorate the milestone by issuing celebratory NFTs and organizing more than 100 events globally.

A live broadcast featuring Vitalik Buterin, Joseph Lubin, and Tim Beiko will also be hosted to reflect on the network’s origins and future direction.

Trump Working Group calls for aggressive federal action on crypto markets

A White House-appointed working group on digital asset markets has released a sweeping set of recommendations to overhaul US crypto policy, according to a preview.

The group, established under an executive order by Donald Trump in January, urged Congress to pass the Digital Asset Market Clarity Act and called on regulators to use existing powers to support immediate crypto market growth.

The report recommends that the Commodity Futures Trading Commission be granted broader oversight over spot markets for non-security tokens and that safe harbor provisions be used to accelerate product launches.

It also advises federal banking regulators to clarify permissible crypto-related bank activities and modernize capital rules to reflect token-based risks.

The Trump administration said the proposals would help ensure US leadership in the “blockchain revolution” and usher in a “Golden Age of Crypto.”

JPMorgan to let Chase customers buy Crypto via Coinbase

JPMorgan Chase (NYSE:JPM)has announced a major partnership with Coinbase that will allow Chase credit card users to purchase cryptocurrencies directly from the exchange.

The service is expected to roll out in fall 2025, with full account-linking functionality available by 2026. Customers will also be able to redeem Chase credit card reward points for USDC, a stablecoin pegged to the US dollar.

The move marks a notable shift in the firm’s stance toward crypto, going from a cautious observer to an active participant in retail-focused blockchain infrastructure.

With crypto’s total market cap recently crossing US$4 trillion, large banks are now racing to integrate digital asset capabilities into their core offerings.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

President Donald Trump warned that his August 1 deadline for making a trade deal with the U.S. ‘stands strong’ on Wednesday, threatening several key nations with a big tariff hike.

‘The August first deadline is the August first deadline — it stands strong, and will not be extended. A big day for America!’ Trump wrote on Truth Social, using all-caps.

Here are the major countries that still need to negotiate deals with the U.S.

Canada

Trump sent a letter to Canadian Prime Minister Mark Carney threatening a 35% tariff if a deal isn’t struck, but negotiations appear to have stalled.

‘We haven’t really had a lot of luck with Canada. I think Canada could be one where they’ll just pay tariffs. It’s not really a negotiation,’ Trump said of the negotiations with our neighbor to the north on Friday.

Carney himself said on Monday that negotiations have reached an ‘intense phase.’

‘It’s a complex negotiation. You see with the various trade deals that have been agreed to by other jurisdictions — the European Union yesterday, Japan before that, Indonesia, United Kingdom — that there are many elements to these negotiations. We’re engaged in them. But the assurance for Canadian businesses, for Canadians, is we will only sign a deal that’s a good deal, the right deal for Canada,’ he told reporters Monday.

According to the US Trade Representative (USTR), Canada is America’s third-largest importer, totaling $412.7 billion in 2024. The U.S. exported $349.4 billion to Canada in the same year.

Mexico

Trump sent a similar letter to Mexican President Claudia Sheinbaum earlier this month, this one threatening a 30% tariff.

No deal has been struck as of Wednesday, however, and neither party has been vocal about where negotiations stand.

Mexico is America’s top source of imports, totaling $506 billion in 2024, according to the USTR. Meanwhile, the U.S. exported $334 billion to the country over the same year.

China

Treasury Secretary Scott Bessent negotiated with Chinese officials in Sweden this week and said Tuesday that the talks were ‘very constructive.’

He emphasized to reporters that no final agreement was made, however. Unlike most countries, China is facing an August 12 deadline rather than August 1, giving them somewhat more breathing room for negotiations.

‘Nothing is agreed until we speak with President Trump,’ Bessent told reporters.

Commerce Secretary Howard Lutnick told Fox News on Monday that the deadline for China could be extended even further than August 12, though that decision will be up to Trump.

South Korea

Trump warned South Korean President Lee Jae Myung in a July 7 letter that the country would face a 25% blanket tariff if a deal isn’t reached by August 1.

Lee’s office said late last week that it was preparing a proposal. Lutnick met with three top Korean officials in Washington this week, though no news has come out of the meeting.

Taiwan

Taiwan has yet to reach a trade deal with the Trump administration, but Taipei has a delegation in Washington hoping to reach one before August 1, Reuters reported Wednesday.

The self-governed island is facing a 32% tariff if it does not secure a deal.

‘All the relevant talks are still ongoing,’ one source familiar with the talks told Reuters, with another saying negotiators were still in the U.S.

‘We hope these negotiations will accomplish four objectives: safeguarding national interests, protecting industrial interests, ensuring public health, and securing food safety. These objectives serve dual purposes: promoting balanced bilateral trade between Taiwan and the U.S., and enhancing cooperation in diverse areas like technology and national security,’ Taiwan’s cabinet said in a statement.

India

Trump appears to have slammed the door shut early on India, announcing on Truth Social that the country will face a 25% tariff across the board beginning August 1.

‘Remember, while India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world, and they have the most strenuous and obnoxious non-monetary trade barriers of any country. Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of energy, along with China, at a time when everyone wants Russia to stop the killing in Ukraine — all things not good!’ Trump wrote.

‘India will therefore be paying a tariff of 25%, plus a penalty for the above, starting on August first. Thank you for your attention to this matter. MAGA!’ he added.

Brazil

Trump threatened a massive 50% blanket tariff on Brazilian goods in a letter to Brazilian President Luiz Inácio Lula da Silva earlier in July.

Trump credited the higher rate to Brazil’s prosecution of former President Jair Bolsonaro, who many compared to Trump himself. The U.S. president said Bolsonaro was the victim of a ‘witch hunt.’

Lula’s regime has requested that the U.S. exempt certain industries from the tariffs, but a deal before August 1 appears unlikely.


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Steve Ricchetti, a longtime Democratic operative and lobbyist, is sitting down with House Oversight Committee investigators Wednesday.

He’s known as a member of former President Joe Biden’s inner circle who reportedly played a key role in downplaying concerns, both public and private, about the ex-commander-in-chief’s mental fitness for office.

Ricchetti also reportedly helped craft Biden’s historic letter announcing the end of his 2024 re-election bid that July, according to the New York Times.

But long before that, Ricchetti graduated from Miami University in Ohio and got a Juris Doctor from Virginia’s George Mason University.

His first major role in electoral politics came when Ricchetti served as executive director for the Senate Democrats’ campaign arm, the Democratic Senatorial Campaign Committee, from 1990 to 1992.

Ricchetti then worked for former President Bill Clinton as a congressional liaison from 1993 to 1996 and then again as White House deputy chief of staff for operations from 1998 to 2001.

During that second stint, he played a critical role in wrangling House Democrats during the GOP’s impeachment proceedings against Clinton.

In between and in later years, Ricchetti enjoyed a lucrative career as a lobbyist, even founding the lobbying firm Ricchetti Inc. with his brother in 2001.

His work with Biden began in 2012 when Ricchetti was appointed to be counselor to the vice president during the Obama administration – one of several ex-lobbyists appointed to that White House, despite former President Barack Obama’s vow not to hire K Street operatives. He was soon elevated to be Biden’s chief of staff in late 2013.

Ricchetti also chaired Biden’s 2020 campaign before playing a critical role in his administration, where he acted as part of a small ‘Politburo’ of close advisors who helped control the White House, Axios reporter Alex Thompson and CNN host Jake Tapper wrote in their book ‘Original Sin.’

‘In terms of who was running the White House, it’s a small group of people that have been around,’ Thompson told the PBS program ‘Washington Week’ earlier this year.

Several members of Ricchetti’s family also notably had roles in the Biden administration; two of his sons and his daughter worked for the Treasury, State Department, and in the White House, respectively.

At the time, the White House argued they got the jobs on their merits rather than their father’s closeness to Biden.

Ricchetti also reportedly played a key role in dismissing concerns about Biden’s mental health.

Two weeks after Biden’s disastrous debate against current President Donald Trump, the New York Times reported that Ricchetti got into a ‘shouting’ argument with Rep. Pete Aguilar, D-Calif., after the latter called to express concerns about Biden’s political viability.

U.K.-based outlet The Times reported that Ricchetti ‘sounded like a mob boss’ in a conversation with actor George Clooney days before the Hollywood star and longtime Democratic donor penned an explosive op-ed calling for a new 2024 nominee in early July 2024.

And multiple outlets have reported that Ricchetti also denied any concerns about Biden’s mental acuity in an off-the-record conversation with an unnamed reporter at an unnamed outlet that almost ran a story shining a light on concerns about Biden’s mental health.

Ricchetti is the seventh ex-Biden aide to speak with investigators in House Oversight Committee Chair James Comer’s probe into whether White House officials covered up signs of Biden’s decline.


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President Donald Trump pressured the top Republican on the Senate Judiciary Committee to end a longstanding practice in the Senate to expedite his nominations to district courts and U.S. attorney’s offices, but the lawmaker isn’t budging.

Trump late Tuesday night demanded that Senate Judiciary Chair Chuck Grassley, R-Iowa, ‘have the courage’ to end the ‘blue slip’ tradition in the Senate, which effectively gives senators the ability to veto district court and U.S. attorney nominees in their home states.

He charged that the practice was ‘probably unconstitutional,’ and lamented that a president would ‘never be permitted to appoint the person of his choice’ because of it.

‘Chuck Grassley, who I got re-elected to the U.S. Senate when he was down, by a lot, in the Great State of Iowa, could solve the ‘Blue Slip’ problem we are having with respect to the appointment of Highly Qualified Judges and U.S. Attorneys, with a mere flick of the pen,’ Trump said in a lengthy post on his Truth Social platform.

‘Democrats like Schumer, Warner, Kaine, Booker, Schiff, and others, SLEAZEBAGS ALL, have an ironclad stoppage of Great Republican Candidates,’ he continued.

The 91-year-old Grassely, who has been a member of Congress since 1975 and in the Senate since 1981, handily beat his previous opponent by over 12 points three years ago.

The longtime lawmaker addressed Trump’s comments during a Senate Judiciary Committee hearing on Wednesday that he was surprised to see the president ‘go after me and Senate Republicans over what we call the ‘blue slip.”

‘Now, to people in the Real America — not here in Washington, D.C., an island surrounded by reality — the people in Real America don’t care about what the ‘blue slip’ is, but, in fact, it impacts the district judges who serve their communities and the U.S. Attorneys who ensure law and order is enforced,’ Grassley said. ‘I was offended by what the President said, and I’m disappointed that it would result in personal insults.’

Trump’s fury comes as Senate Republicans are working to ram as many of his nominees through Senate Democrats’ blockade as possible. Currently, lawmakers are working on a deal to get more low-hanging fruit nominations, like ambassadors, through in a large group rather than eating away at floor time.

One instance where Democrats have opted to block some of Trump’s nominees came earlier this year when Senate Minority Leader Chuck Schumer, D-N.Y., used his blue slip privileges to nix Trump’s U.S. Attorney nominees for the Southern and Eastern Districts of New York.

‘Donald Trump has made clear he has no fidelity to the law and intends to use the Justice Department, the U.S. Attorney offices and law enforcement as weapons to go after his perceived enemies,’ Schumer said at the time. 

‘Such blatant and depraved political motivations are deeply corrosive to the rule of law and leaves me deeply skeptical of Donald Trump’s intentions for these important positions,’ he said. 


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