Brazil Unveils US Tariff Countermeasures as Trade Conflict Worsens
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Brazil has unveiled a series of countermeasures to soften the blow that national producers will have to endure as the Trump Administration imposes a 50% tariff regime on exports to the U.S. The measures do not include enacting reciprocal levies, as President Lula stated that these could worsen the already strained bilateral relations. Brazil Directs […]

South Africa Moves to Regulate Cross-Border Crypto Flows
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Instead of creating a broad exemption framework for cryptocurrency exchanges, the South African central bank plans to release a new framework later this year focused on cross-border crypto asset transfers. Key Details of Proposed Framework South Africa is taking significant steps towards regulating cryptocurrency transactions, as highlighted by Finance Minister Enoch Godongwana’s recent statements. Rather […]

Dunamu and MB Bank to Launch Vietnam’s First Licensed Crypto Exchange
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South Korea’s Dunamu, operator of Upbit, is partnering with Vietnam’s state-controlled MB Bank to launch the country’s first licensed crypto exchange. The move follows new legislation legalizing digital assets in Vietnam. Vietnam Set to Open First Domestic Crypto Exchange with Dunamu–MB Bank Deal Vietnam is preparing to debut its first domestic cryptocurrency exchange through a […]

Circle Touts $658 Million in Annual Revenue as Q2 Results Drop
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The firm is fresh off a massively successful initial public offering in June and is riding the coattails of a pro-crypto Congress. Stablecoin Giant Circle Rakes in $658M in Revenue Circle (NYSE: CRCL), the world’s second largest stablecoin issuer, is having a stellar year so far, exceeding revenue expectations in its debut quarterly earnings report […]

More Than $1 Billion in Leveraged Bets Wiped out; Whale Trader Loses $83M in ETH Liquidation
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The crypto market’s sharp decline on Aug. 14 resulted in over $1 billion in liquidations within 24 hours. Inflation Fears Fuel Market Crash The crypto market’s unexpected descent shortly after reaching yet another milestone saw more than $1 billion in short and long bets being wiped out in just 24 hours. According to Coinglass data […]