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SEC Approves Grayscale’s GDLC ETF — Altcoin Spot ETFs May Be Next
On Tuesday, July 1, the U.S. Securities and Exchange Commission (SEC) officially approved the conversion of Grayscale’s Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF), marking a pivotal moment for altcoin-based investment products.
U.S. Senate Passes “Beautiful Act” — Crypto Tax Relief Left Out, Markets on Edge
On Tuesday, July 1, the U.S. Senate narrowly passed President Trump’s “Beautiful Act” with a 51–50 vote, but crypto tax reform provisions were excluded, sparking concerns across global financial markets.TradingKey
Wed, Jul 2
Playing it cool: JOLTS, PMI, construction spending
Nasdaq, S&P 500 red, Dow gainsComm csrv weakest S&P sector; Materials lead gainersEuro STOXX 600 index off ~0.2%Dollar edges up; bitcoin drops; crude gains; gold up >1%US 10-Year Treasury yield rises to ~4.26% Welcome to the home for real-time coverage of markets brought to you by Reuters...Reuters
Wed, Jul 2
Safe-haven gold rises over 1% as Trump's tax cut and spending bill passes in US Senate
Gold hits over-one week highTrump's tax-cut bill passes in SenateUS payrolls data due on ThursdayBy Sarah Qureshi July 1 (Reuters) - Gold climbed more than 1% on Tuesday as investors sought safe haven assets after U.S. President Donald Trump's "big, beautiful bill" passed in the S...
Reuters
Wed, Jul 2
Trump says US could reach trade deal with India, casts doubt on deal with Japan
WASHINGTON, July 1 (Reuters) - The United States could reach a trade deal with India that would help American companies compete in the South Asian country and leave it facing far lower tariffs, President Donald Trump said on Tuesday, while casting doubt on a possible deal with Japan.Reuters
Wed, Jul 2
EV group urges US House to restore electric vehicle tax credits
By David Shepardson July 1 (Reuters) - An electric vehicle advocacy group on Tuesday urged the U.S. House to revise a bill passed by the Senate that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30, as well as the $4,000 tax credit for used EVs.The Electrif
Reuters
Wed, Jul 2
Biggest US banks hike dividends, announce share buybacks after acing stress tests
NEW YORK, July 1 (Reuters) - U.S. banking giants announced plans on Tuesday to raise their third-quarter dividends after clearing the Federal Reserve's annual health check last week.The moves come after the lenders showed they have enough capital to withstand...
Reuters
Wed, Jul 2
Powell Confirms That The Fed Would Have Cut By Now Were It Not For Tariffs
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank would have easier monetary policy by now if not for President Donald Trump’s tariff plan.When asked during a panel if the Fed would have lowered rates again by now had Trump not announced his controversial plan for levies onTiger News
Wed, Jul 2
U.S. Senate Passes Sweeping Tax-Cut And Spending Bill; Sends To House Of Representatives
U.S. Senate Passes Sweeping Tax-Cut And Spending Bill; Sends To House Of RepresentativesAdopted, 51-50 With VP Vance Voting In The Affirmative: U.S. Senate Passes Trump's $3.3 Trillion One Big Beautiful Bill ActNow Its Onto The House, Where Republicans Can Lose Just Three Votes - Punchbowl ReporterSTiger News
Wed, Jul 2
US Senate budget bill slashes money to fill oil reserve
WASHINGTON, July 1 (Reuters) - The budget bill passed by the U.S. Senate on Tuesday slashes the amount of money available to replenish the Strategic Petroleum Reserve even though President Donald Trump vowed on his first day in his second term to fill it "right to the top".Reuters
Wed, Jul 2
Trump urges Hamas to accept 'final proposal' for 60-day Gaza ceasefire
WASHINGTON, July 1 (Reuters) - U.S. President Donald Trump urged Iran-backed Hamas militants on Tuesday to agree to what he called a "final proposal" for a 60-day ceasefire with Israel in Gaza that will be delivered by mediating officials from Qatar and Egypt.Reuters
Wed, Jul 2
GBP/USD teases new highs as Greenback pummeling continues
GBP/USD poked into its highest bids in 45 months on Tuesday, knocking a few inches closer to four-year highs as the US Dollar’s broad-market pummeling continues unabated. Lopsided trade policies, further aggravated by public musings about steep tariffs by President Donald Trump are keeping Greenback
Fxstreet
Wed, Jul 2
Trump escalates feud with Musk, threatens Tesla, SpaceX support
Trump suggests DOGE review Musk's subsidies for savingsMusk criticizes tax-cut bill, calls for a new political partyTesla shares drop 5.5% amid subsidy threatsSales of Tesla struggle worldwide as Musk bets on robotaxisTesla sales figures due WednesdayBy Nandita Bose, Steve Holland, Chris Kirkham...Reuters
Tue, Jul 1
Euro’s Parity Narrative Collapses — EUR/USD Hits Longest Winning Streak in Years, on Track for 9-Day Rally
TradingKey - In the first half of 2025, the U.S. dollar fell at its fastest pace since the early 1970s, and the euro surged in response. The EUR/USD exchange rate is now on track to record a rare nine-day consecutive rally, rendering many Wall Street forecasts from earlier this year obsolete.
TradingKey
Tue, Jul 1
REFILE-US STOCKS-Wall Street set to dip from record highs with Trump tax bill in focus
Futures down: S&P 500 0.36%, Nasdaq 0.51%, Dow 0.15%Tesla slips as Denmark, Sweden sales drop; Trump-Musk feudCircle up after applying for US trust bank licenseBy Sruthi Shankar and Nikhil Sharma July 1 (Reuters) - Wall Street indexes were set to dip on Tuesday, after touching record highs a ...Reuters
Tue, Jul 1
