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Daily Market Wrap | Aug. 07
Hot Topic
Trump implemented new tariffs on over 90 countries, including a 50% tariff on India and 100% on foreign-made chips.
Japan seeks swift implementation of U.S. tariff reduction agreement.
KakaoBank plans to enter South Korea’s stablecoin sector after the Bank of Korea halted its CBDC pilot.
Trump will name a nominee to replace Fed Governor Adriana Kugler by week's end and has narrowed the Fed Chair search to four candidates.
Market Updates
The Indonesian government met with Bitcoin Indonesia to discuss adopting Bitcoin as a reserve asset.
Brazil’s lower house to hold hearing on creating national Bitcoin reserve.
The crypto market cap stabilised at $3.7 trillion, while institutions continued accumulating Bitcoin and ETH.