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Today · 2026-07-31 · Fri

The Fed maintains the interest rate at 65.3 per cent in July

ON 24 JULY, ACCORDING TO CME “FEDERAL RESERVE WATCH”, THE PROBABILITY OF THE FEDERAL RESERVE MAINTAINING INTEREST RATES IN JULY WAS 65.3 PER CENT, WHILE THE PROBABILITY OF A CUMULATIVE INCREASE OF 25 BASIS POINTS WAS 34.7 PER CENT. THE FEDERAL RESERVE HAD A PROBABILITY OF MAINTAINING INTEREST RATES UNCHANGED BY 17.6 PER CENT BY SEPTEMBER, WITH A PROBABILITY OF A CUMULATIVE INCREASE OF 57 PER CENT FOR 25 BASIS POINTS AND 25.4 PER CENT FOR 50 BASIS POINTS。

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Gemini donated $10 million bitcoin to the super-political action committee supporting Trump

On July 24, Gemini, the Encrypted Currency Exchange, donated bitcoin worth about $10 million to the Super-Political Action Committee (MAGA Inc.), which supports US President Donald Trump. According to reports submitted to the United States Federal Electoral Commission (FEC), Cameron Winklevoss and Tyler Winklevoss, co-founders of Gemini, completed two contributions on 19 June, each worth over $5 million. This contribution took place about three weeks after CFTC and Gemini jointly filed a motion with the Federal Court of the Southern District of New York seeking the annulment of the $5 million settlement agreement reached between the parties in January 2025. The settlement originated from a previous allegation by CFTC that Gemini was suspected of making false or misleading statements. MAGA Inc. This fund can be used to support Trump ' s independent political spending. The Winklevoss brothers had previously donated $1 million to the Trump 2024 campaign team and $21 million bitcoin to the Digital Freedom Fund PAC to support the Trump government ' s encryption policy. At present, the court has not ruled on the withdrawal of the settlement motion by CFTC and Gemini. At the same time, the Chairman of CFTC, Michael Selig, remains the only member of the body. As at 30 June, MAGA Inc. had reported receipt of over $397 million。

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Intel earned $16.13 billion in the second quarter, 25 per cent more than it did

ON 24 JULY, INTEL RECEIVED $16.13 BILLION FOR THE SECOND QUARTER, AN INCREASE OF 25 PER CENT OVER THE SAME PERIOD; THE ESTIMATE IS $14.43 BILLION. DATA CENTRES AND AI RECEIVED $6.26 BILLION FOR THE SECOND QUARTER AND ANALYSTS EXPECT $5.54 BILLION. THE INCOME PER SHARE (EPS), ADJUSTED FOR THE SECOND QUARTER, IS $0.42 AND THE ANALYST EXPECTS $0.21. THE COMPANY EXPECTS TO RECEIVE $15.8 BILLION IN THREE QUARTERS AND THE ANALYST EXPECTS $15.06 BILLION. THE COMPANY EXPECTED A RETURN OF $0.38 PER SHARE AFTER THE THIRD QUARTER ADJUSTMENT AND THE ANALYST EXPECTED $0.27。

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THE SINGAPORE GOVERNMENT INVESTMENT CORPORATION GIC: A PRECAUTIONARY APPROACH TO ARTIFICIAL INTELLIGENCE INVESTMENT

ON 24 JULY, THE SINGAPORE GOVERNMENT INVESTMENT CORPORATION GIC STATED THAT IT WOULD TAKE A CAUTIOUS APPROACH TO INVESTMENT IN ARTIFICIAL INTELLIGENCE; FOCUS ON ADVANCED SEMICONDUCTOR MANUFACTURING AND DESIGN; AND TARGET INVESTMENT IN ARTIFICIAL INTELLIGENCE (AI) PHYSICAL INFRASTRUCTURE, INCLUDING POWER AND GRID FACILITIES FOR DATA CENTRES. BY THE END OF MARCH, THE EXPOSURE OF THE GIC IN THE ASIA-PACIFIC REGION WAS 22 PER CENT, COMPARED TO 24 PER CENT FOR THE SAME PERIOD THE PREVIOUS YEAR. THE GIC HAS 19 PER CENT EXPOSURE IN EUROPE, THE MIDDLE EAST AND AFRICA, COMPARED TO 20 PER CENT IN THE SAME PERIOD OF THE PREVIOUS YEAR. THE GIC ' S SHARE OF EXPOSURE IN THE AMERICAS WAS 53 PER CENT, COMPARED TO 49 PER CENT DURING THE SAME PERIOD OF THE PREVIOUS YEAR. THE EQUITY PORTFOLIO WAS 56 PER CENT COMPARED TO 51 PER CENT A YEAR AGO. THE FIXED-INCOME PORTFOLIO REPRESENTED 22 PER CENT, COMPARED WITH 26 PER CENT A YEAR EARLIER. THE PORTFOLIO OF PHYSICAL ASSETS WAS 22 PER CENT, COMPARED WITH 23 PER CENT A YEAR EARLIER。

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The United States announced the entry into force of an additional 10 to 12.5 per cent tariff on dozens of countries and territories at United States Eastern Time 24

On 24 July, the United States Trade Representative's Office issued a communiqué announcing that, under section 301 of the Trade Act 1974, duties of 10 to 12.5 per cent would be imposed on dozens of countries and territories in the name of so-called “forced labour” to replace the global import duty that was due to expire. The new tariffs will enter into force at 24 hours east of the United States。

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The U.S. stock group's three indices are down, the coded mining concept is up and down

On 24 July, the U.S. share fell collectively by 2.15 per cent, the Standard 500 index by 1.21 per cent and the Road by 0.97 per cent. The G-7 index fell by 4.8 per cent and market value evaporated $797 billion. Tesla fell by over 14 per cent, the largest single-day decline since 11 March 2025, with Q2 net profits below expectations and a further decline in the Māori rate. Google fell by 7 per cent and its total market value fell by $4 trillion. The Amazon fell by over 4 per cent, Meta by over 3 per cent, Intel, Microsoft by over 2 per cent and Apple and Inweida by 1 per cent. The military engineering unit performed well, with Lockheed Martin increasing by more than 10 per cent, Ray's technology increasing by 7 per cent, GEO's space flight increasing by 2 per cent and Nosropuluman and General Power by 1 per cent. The concept of encrypted mining has risen collectively, with Cipher Digital rising by 5 per cent, Hut 8 by 7 per cent, MARA Holdings, TerraWulf, Riot Platforms by 2 per cent and CleanSpark by nearly 2 per cent。

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MoonPay adds Discover Network payment options for United States users to buy and sell encrypted currency using Discover cards

On 24 July, MoonPay, the encrypted currency payment platform, announced that, as of that date, it would support United States users in the use of Discover Network cards for the sale of encrypted money as the third-largest United States card network after Visa and Mastercard. The company indicated that the aim was to increase the compatibility of payments and to reduce obstacles to closing accounts. MoonPay has now supported various payment methods such as Apple Pay, Google Pay, PayPal, Venmo and bank transfers. However, the ability of specific cards to be used in encrypted transactions remains dependent on the issuing bank policy. MoonPay claims that there are more than 30 million users worldwide and more than 500 corporate clients。

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Twenty-five States sued the Trump government against linking disaster funding to electoral system reform

On 24 July, 25 states of the United States and the District of Columbia filed a lawsuit with the Federal Court of Rhodes Island Local Time on 23 July to prevent the Trump Government from linking some of the disaster emergency funds to the state changes in the electoral management system. The United States Department of Homeland Security had previously announced that conditions would be placed on the part of the Federal Emergency Management Agency (FEMA) totalling over $1 billion. If the cantons do not submit a plan to switch to an electronic voting system based on a bar code or a two-dimensional counting system for the receipt of handwritten paper ballot papers, the release of 20 per cent of the relevant funds will be suspended。

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Tesla stock prices are falling short, and it's expected to make more than $4 billion a day

On 24 July, Tesla stock prices collapsed significantly on Thursday, and those who are empty are expected to earn a fortune. The price of the electric car manufacturer, owned by Elon Mask, dropped by 15 per cent on Thursday, the largest drop in a year or so. Prior to this, the company ' s short-term profits in the second quarter raised renewed concerns in the market about its artificial intelligence (AI) and robot ambitions. According to Ihor Dusaniwsky, Managing Director of the S3 Partners, this round of sales made it possible for investors betting on declining Tesla stock prices to earn about $4.12 billion in single-day market profits. S3 data indicate that approximately 3 per cent of Tesla ' s shares were sold empty。

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The Israeli Defense Commander claims to have been “all-round prepared” to address the situation in Iran

On 24 July, at 23 local time, according to Israeli sources, Israeli Defence Minister Katz said on the same day that the Israeli side was now ready for “all that might happen” in view of the current escalation of tension with Iran. It is alleged that Katz convened the same day the Israeli Chief of General Staff, Zamir, and senior military officials to hold an emergency security assessment meeting at the Ministry of Defence headquarters. Katz issued a strong warning to the Iranian side at the end of the meeting. He claims that if Iran chooses to launch any form of attack against Israel, “it will bear a devastating blow from Israel”. (In Russian)

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Alphabet's 100-year-old debt fell for the first time by 90% of the bond spread of a super-large cloud service provider

On 24 July, Alphabet Inc. issued a 100-year bond on the British pound market earlier this year, at a time of massive global debt, which for the first time fell by 90 pence per pound sterling. The data show that only Pound1 billion (1340 million) was issued on Thursday, 2126, for bonds due. When the technology giant issued the bond in February this year, it was issued at slightly lower prices than the nominal value. The risk premium, relative to the no-risk base rate, once touched the height of 139.8 basis points. Of all the high-level corporate debt of benchmark sizes globally, the bond had the longest remaining term. It is being hit by both market concerns about artificial intelligence-related bond issuance and a general rise in government bond yields at a time of renewed fiscal deficits and inflation concerns. The price of this bond could fall by almost 15 pence, owing to its long duration and a 1 percentage point increase in the rate of return. At the same time, Michael Teig, a credit strategist at Yushu Bank, wrote in a report on Thursday: “The recent increase in credit spreads on super-large cloud-server bonds has rekindled the debate among investors on the feasibility of their business model, particularly in the context of the large-scale capital expenditures of these companies.”

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