As of August 1st, significant events are unfolding in the cryptocurrency and financial markets, largely driven by Donald Trump's recent actions.
Trump's Latest Statements
Trump is set to activate tariffs in about seven hours and has announced some last-minute trade agreements. He addressed important issues such as the impact of tariffs on inflation and international trade. Trump mentioned significant deals and indicated that there were no discussions with Canada despite expectations from some experts. He criticized Iran's behavior and expressed regret over appointing Powell as the Fed chairman, labeling him an incompetent political appointee. In other news, sanctions against Russia are also expected.
Financial Reports: Coinbase and Apple
The earnings reports from Coinbase, Strategy, and Apple were positively received. Apple reported high iPhone sales, contributing to a rise in its shares to $213. However, Amazon showed results that, while not catastrophic, disappointed many investors given the success of other companies. Coinbase reported $1.5 billion in revenue for Q2 2025 and announced plans to introduce tokenized stocks, prediction markets, and derivative financial instruments.
Impact of Events on the Market
Events are unfolding as the market is set to close in about three hours. Some experts believe that new measures, such as Strategy's planned issuance of new stock worth $4.2 billion for additional Bitcoin purchases, could change the landscape of financial markets. Current actions by Trump and companies like Coinbase are shaping the groundwork for potential changes in investment strategies in the coming months.
These events are critically important for financial markets and increasingly illustrate how political decisions can impact the economy as a whole.
