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BoE’s governor Bailey says he’s saddened by Trump’s attacks on his ‘friend’ Powell
BoE’s governor Bailey says he’s saddened by Trump’s attacks on his ‘friend’ Powell

Share link:In this post: Bailey publicly backed Powell, calling him a friend and criticizing Trump’s ongoing attacks. The Bank of England cut rates by 25bps after a split vote, pushing the pound up and the FTSE 100 down. Trump is actively looking to replace Powell, with Waller, Hassett, and Warsh in consideration.

Cryptopolitan·2025/08/07 22:40
Germany’s production falls to its lowest since pandemic 2020
Germany’s production falls to its lowest since pandemic 2020

Share link:In this post: • Germany’s industrial output falls to pandemic lows. • Berlin’s foreign trade surplus drops below €15 billion in June. • German exports rise largely due to shipments to other EU nations.

Cryptopolitan·2025/08/07 22:40
Sony gets optimistic with annual profit forecast as tariff impact spares business
Sony gets optimistic with annual profit forecast as tariff impact spares business

Share link:In this post: Sony has raised its annual profit forecast by 4% to ¥1.33T ($9B) due to less than anticipated impact from U.S. tariffs. Q1 operating profit rose 36.5% year-on-year to ¥340B ($2.3B), beating analyst estimates. Sony is preparing a partial spin-off of its financial business, reducing its stake to below 20% with a Tokyo listing planned for September 29 of this year.

Cryptopolitan·2025/08/07 22:40
Chainlink Reserve goes live as project bets on its LINK token as store of value
Chainlink Reserve goes live as project bets on its LINK token as store of value

Share link:In this post: Chainlink has launched a LINK reserve funded by real on-chain and off-chain revenue. The reserve uses Payment Abstraction to convert various fees into LINK tokens. LINK’s price jumped 6.8% after the announcement, signaling market confidence.

Cryptopolitan·2025/08/07 22:40
America’s biggest auto maker GM to defy Trump tariffs, will import EV batteries from China
America’s biggest auto maker GM to defy Trump tariffs, will import EV batteries from China

Share link:In this post: GM will import Chinese EV batteries from CATL for its new Chevrolet Bolt, despite 80% tariffs. The decision comes after the elimination of the $7,500 EV tax credit, which would have disqualified the Bolt due to its Chinese components. LFP batteries are about 35% cheaper than other alternatives.

Cryptopolitan·2025/08/07 22:40
Nearly $5 Billion Bitcoin and Ethereum Options Expire Today: What Traders Should Expect
Nearly $5 Billion Bitcoin and Ethereum Options Expire Today: What Traders Should Expect

With nearly $5 billion in Bitcoin and Ethereum options expiring, traders are watching BTC’s EMA 100 and 112K strike for potential volatility.

BeInCrypto·2025/08/07 22:09
Ethena (ENA) Whales Get Hungrier as Bullish Signals Line Up
Ethena (ENA) Whales Get Hungrier as Bullish Signals Line Up

Ethena price is rising fast as whale accumulation, bullish crossovers, and OBV divergence support the case for a major breakout ahead.

BeInCrypto·2025/08/07 22:00
Flash
  • 06:45
    Bitget launches a new round of contract new token event, with a maximum reward of 4,000 USDT per person
    ChainCatcher news, Bitget has launched a new round of contract new token event with a total prize pool of 30,000 USDT. The event requires trading of designated pairs: HOLO, UB, XPIN, OPEN, and SKY, and is divided into two sub-pools as follows: New User Contract Leaderboard: New users who complete their first contract trade of no less than 500 USDT and have a net deposit of more than 100 USDT prior to this can each receive 10 USDT, limited to the first 1,000 participants. Contract Ranking Competition: All users who rank in the top 1,000 by trading volume and have a cumulative trading volume of at least 10,000 USDT can jointly unlock 33,000 USDT based on trading volume, with a maximum of 4,000 USDT per person. Detailed rules have been published on the official Bitget platform. Users must click the "Join Now" button to complete registration in order to participate. The event ends at 12:00 (UTC+8) on September 20.
  • 06:40
    $247 million liquidated across the entire network in the past 12 hours, mainly short positions.
    According to Jinse Finance, data shows that in the past 12 hours, the total liquidation across the network reached $247 million, with long positions liquidated for $43.01 million and short positions liquidated for $204 million.
  • 06:18
    ether.fi Foundation: This week, 247,000 ETHFI were purchased using protocol revenue; sETHFI holders’ distribution increased to approximately 109,000 tokens
    According to ChainCatcher, the ether.fi Foundation released an ETHFI token buyback update on X, disclosing that this week it has used 78 ETH (approximately $370,000) of protocol revenue to purchase 247,000 ETHFI. In addition, about 137,000 ETHFI have been burned, and the amount of ETHFI distributed to sETHFI holders has increased to approximately 109,000.
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