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Eleventh-Hour Move: Trump Extends China Tariff Truce by 90 Days


President Donald Trump inked an executive order late Monday, granting another 90-day reprieve on steep U.S. tariffs targeting Chinese imports, a White House official told CNBC. The decision, according to CNBC’s report, landed just hours before the clock struck midnight, when the duties were...

Report: Paxos Seeks US Trust Bank License From OCC


Paxos Trust Company, the cryptocurrency firm behind Paypal’s stablecoin PYUSD, is seeking a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC), Reuters reported. If approved, Paxos would convert its current New York limited purpose trust charter into a federal...

Strategy Stacks Another 155 Bitcoin—Now Holds 628,946 BTC


On Monday, Aug. 11, 2025, Strategy founder Michael Saylor revealed that his company scooped up another batch of bitcoin ( BTC). With the fresh addition, Strategy’s stash of bitcoin has grown even larger. On the social media platform X, Saylor wrote, “Strategy has acquired 155 BTC for ~$18.0 million...

Capital B Acquires 126 BTC, Boosting Total Holdings to 2,201 BTC


Capital B (The Blockchain Group), an artificial intelligence and bitcoin treasury company listed on Euronext Growth Paris, has confirmed the acquisition of 126 BTC for approximately $14.4 million (€12.4 million), bringing its total holdings to 2,201 BTC valued at around $233.6 million (€201.5...

Ethiopia Freezes New Power Permits for Crypto Miners Amid Grid Constraints


Ethiopia is halting new electric power permits for data mining companies, effectively freezing the expansion of crypto-mining operations due to limited capacity. The decision follows a surge in interest, with 25 bitcoin mining firms already operating and nearly 20 more awaiting approval, drawn...

Swiss Crypto Bank Sygnum Expands Support for SUI


Sygnum Bank that it will support the SUI cryptocurrency, enhancing access for professional and institutional clients to the Sui ecosystem. As the banking partner for the Sui Foundation, Sygnum has fully integrated SUI into its regulated banking platform, offering services such as custody, trading...

Crypto Critic Schiff Says Bitcoin Is ‘Useful’—Just Not for Him


Economist and crypto critic Peter Schiff recently gave a surprising endorsement for bitcoin donations to Ron Paul, who celebrated his 90th birthday on August 9. In a post on X, Schiff stated that such donations are “actually something useful” because the Ron Paul Institute can simply...

Binance Teams up With BBVA for Off-Exchange Custody


Crypto exchange Binance has reportedly teamed up with Spain’s BBVA to enable clients to store collateral outside the trading platform. In this arrangement, BBVA — the nation’s third-largest lender — will act as an independent custodian, holding client funds in US Treasuries that Binance accepts...

Report: Trump’s World Liberty Advances $1.5B Crypto Holding Company


World Liberty Financial, a venture linked to U.S. President Donald Trump, is pitching investors on creating a $1.5 billion publicly traded company to hold its cryptocurrency tokens. World Liberty Financial (WLFI) is reportedly advancing plans to form a public entity holding its WLFI tokens...

Steak ‘n Shake Touts Bitcoin Adoption as Sales Soar


Fast food chain Steak ‘n Shake, which is owned by Biglari Holdings (NYSE: BH.A; BH), says its same-store sales have jumped 10.7% in Q2 and that bitcoin ( BTC) has played a part in the company’s success. “In the second quarter of 2025, Steak ‘n Shake’s same-store sales increased by 10.7%,” the firm...

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