Scott bessent
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Policy & Regulation
US Treasury targets five economic lifelines including gold and shipping to cripple Iran's money movement
Treasury Secretary Scott Bessent declared new sanctions against Iran focusing on digital assets, technology, gold, aviation, and shipping networks. Bitcoin traded near $79,000 as market attention shifted toward upcoming inflation data.
Markets
$61 cost of 25 one-dollar Trump coins minted for American heritage event
The US Mint is releasing approximately 9 million $1 coins featuring Donald Trump's image, a move that defies a 1866 law banning living people on currency and costs the taxpayer $61 for every quarter dozen.
Policy & Regulation
Scott Bessent Claims EU Joined US Iran Sanctions Drive
US Treasury Secretary Scott Bessent states the European Union officially joined Operation Economic Outcast, though Brussels officially welcomed the initiative without formally committing to it.
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Markets
US bond yields jump to 4.85% as Treasury buyback hike to $6 billion fails to stabilize market
Central Banks
Bank of Japan set to raise rates to 1.25% in September, reaching 1.75% by early 2027
Central Banks
$6 Billion: The Treasury Department expands single-operation bond buybacks to historic levels
Crypto