Crypto Compass by BitcoinWalletSG #128

Trump Targets Asia With Steep Tariffs 💰? Read it in our weekly newsletter now!

Author

BitcoinWallet SG
July 08, 2025

Hello Fam,

As markets brace for Trump’s steep new tariffs on Asia and a fading chance of a July Fed rate cut, global uncertainty is once again driving investor behavior. Equities pulled back while safe-haven assets like Bitcoin and gold gained attention. With the August 1 tariff deadline looming and the Fed likely holding steady until September, crypto investors may want to stay nimble, focusing on defensive positions, BTC exposure, or stablecoin yield strategies during this cautious stretch. What’s your move in this kind of macro setup?

💰 Trump Targets Asia With Steep Tariffs

Donald Trump has announced new tariffs of up to 25% on imports from Japan and South Korea, and up to 40% for countries like Malaysia, Thailand, and Indonesia, effective August 1. The move signals an aggressive return to protectionist trade policies, sparking volatility in global markets.

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📘 SEC Marks First Step in Crypto ETF Rulemaking

The US SEC has released a 12-page guidance document outlining disclosure and custody requirements for crypto ETFs, covering assets like Bitcoin, Solana, and even meme-coin-linked funds. This marks a shift from an enforcement-heavy approach toward a rule-based framework. The move could reduce approval timelines from 240 days to 75, paving the way for faster institutional adoption.

🏦 Ripple Applies for U.S. Banking License

Ripple has submitted an application for a national trust banking charter with the OCC, aiming to gain Federal Reserve master account access. This move, driven by the success of its RLUSD stablecoin (~$470M market cap), positions Ripple alongside Circle (USDC) in the pursuit of federally regulated stablecoin issuance.

🇨🇳 China’s Tech Giants Push for Offshore Yuan Stablecoin

JD.com and Ant Group are lobbying the People’s Bank of China to greenlight offshore yuan‑pegged stablecoins in Hong Kong, aiming to challenge the dominance of U.S. dollar‑linked tokens like USDT. Leveraging the new Hong Kong stablecoin framework effective August 1, they seek to boost yuan internationalization.

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