1. Federal Reserve Governor Absent from Rate Meeting, Voting Committee Temporarily Reduced to 11 Members
According to foreign media, the Federal Reserve announced that Governor Christopher Waller was absent from this week's two-day July policy meeting due to personal matters. This may mean that only 11 FOMC members will vote on this week's policy decisions, rather than the usual 12. Although it is expected that Governors Waller and Bowman may become the two dissenters supporting a rate cut this month, the committee should still support maintaining rates unchanged by an absolute majority. According to Federal Reserve policy, if a regional Federal Reserve president is absent from voting, other presidents can participate as substitutes. However, there are no substitutes for governor positions. -Original
2. US-China Economic and Trade Talks Promote Tariff Extension and Deepen Economic Relations
On July 30, Li Chenggang, the international trade representative and vice minister of the Ministry of Commerce of China, stated on the 29th that over the past day and a half, the economic and trade teams of both China and the US have continued to play the role of the China-US economic and trade consultation mechanism based on the consensus reached during the phone call between the two heads of state on June 5, engaging in in-depth, candid, and constructive exchanges on major issues of mutual concern. According to the consensus reached by both sides, they will continue to promote the extension of the US's suspended reciprocal tariffs of 24% and China's countermeasures as scheduled. -Original
3. SEC Approves Physical Redemption for Spot Bitcoin and Ethereum ETFs
The decision allows authorized participants to create and redeem ETF shares directly with BTC or ETH, without the need to use cash. -Original
4. Trump Threatens to Impose Tariffs on Russia, Forcing Ukraine and Russia to Reach a Ceasefire Agreement
US President Trump stated that starting today, he will give Russia 10 days to reach an agreement with Ukraine, or else he will impose tariffs on Russia. The tariffs may or may not affect Russia. If sanctions are imposed on Russia, I am not worried about oil issues, as oil prices are currently quite low. The US has so much oil; we will just increase production further. -Original
5. JPMorgan Bets on Robinhood's Cryptocurrency Expansion, Target Price Doubles
Analysts state that Robinhood's cryptocurrency expansion and the launch of tokenized stocks in the EU will stimulate long-term valuation increases. -Original
6. Strategy Acquires 21,021 Bitcoins, Total Holdings Reach 628,791 Bitcoins
Led by Michael Saylor, the Bitcoin treasury company Strategy announced the purchase of an additional 21,021 Bitcoins at an average purchase price of approximately $117,300, bringing its total holdings to 628,791 Bitcoins, valued at about $74 billion at current market prices. The funds for this purchase came from Strategy's fourth round of "Stretch" preferred stock (STRC) issuance, priced at $90 per share, raising approximately $2.521 billion, making it the largest IPO in the US to date in 2025 and the largest perpetual preferred stock issuance in the US stock market since 2009. -Original
7. US Senator Lummis Proposes Bill to Include Crypto Assets in Mortgage Assessments
US Senator Cynthia Lummis has proposed a mortgage reform bill aimed at including crypto assets in the assessment criteria for housing loan eligibility. -Original
8. Algeria Completely Bans Cryptocurrency Activities, Violators May Face Imprisonment
Algeria has passed a revised bill that formally prohibits all activities related to cryptocurrencies, covering everything from holding, trading, to mining and promotion. The bill No. 25-10, issued on July 24, explicitly prohibits the issuance, sale, purchase, holding, use, and promotion of all crypto assets, including Bitcoin and USDT. The bill also categorizes mining activities, the use of digital wallets, and the operation of cryptocurrency exchanges as criminal offenses. This legislation aims to strengthen the financial system's prevention against crime and terrorism, align with international standards, implement the Financial Action Task Force guidelines, and address the popularity of cryptocurrencies among youth and off-grid miners in the south. Under anti-money laundering and anti-terrorism financing laws, the use of cryptocurrencies is classified as financial crime, and crypto assets are uniformly categorized, regardless of their use. Violators may face imprisonment from 2 months to 1 year and fines ranging from 200,000 to 1 million dinars, with heavier penalties if related to organized crime. -Original
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