Daily News: Trump to Steep Tariffs on Aug 1, Robinhood Discusses Tokenized Equities with EU, Grayscale Announces Q2 Rebalancing, and More

Trump to Announce Trade Matters for at Least Seven Countries Tomorrow Morning (ET)

US President Trump announced plans to release trade-related matters for at least seven countries tomorrow morning (Eastern Time) via Truth Social post at 7:20 PM ET on July 8. Additionally, he mentioned the possibility of sending a letter to the European Union within two days, disclosing the tariff rates applicable to EU goods exported to the United States.

Moreover, US Commerce Secretary Lutenick stated that many countries have proposed opening their markets, and she expects to issue 15 to 20 trade letters in the next two days.

Trump: Tariffs to Begin on August 1, 2025, No Extensions Granted

US President Trump announced that there will be “no extensions” to the new August 1, 2025, deadline for U.S. trading partners to negotiate new deals or face significantly higher tariffs on imported goods.

In the post he wrote:

"As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter!"

Truth Social Files S-1 Registration Statement for Crypto Blue Chip ETF

Truth Social Crypto Blue Chip ETF, B.T. filed the S-1 registration statement with the US Securities and Exchange Commission (SEC) on July 8. The company is headquartered in Mountainside, New Jersey, and incorporated in Nevada, with its fiscal year ending on September 30. The filing includes multiple attachments, such as the company charter, agreement texts, and fee details.

Musk Confirms Epstein Case Files Disclosure Will Be a Priority for "American Party"

Musk criticizes President Trump over the Epstein case and confirms that his newly founded "American Party" will prioritize the disclosure of Epstein case files.

On July 8, Musk posted, "How can people be expected to have faith in Trump if he won’t release the Epstein files?" When asked by a user whether exposing these files would be a priority for the "American Party," Musk responded with a "100%" emoji to affirm his stance.

Robinhood Discusses Tokenized Equities with European Regulators

Robinhood is discussing its tokenization initiative with European regulators after launching blockchain-based stock tokens for OpenAI and SpaceX. The tokens, structured as derivatives for retail exposure rather than actual equity, have raised concerns from entities like Lithuania’s central bank. Despite scrutiny, Robinhood continues testing contracts on the Arbitrum network and plans to expand its offerings, including perpetual-futures trading and its own Layer 2 blockchain.

OpenSea Acquires Rally Wallet to Enhance Mobile and Token Trading Capabilities

OpenSea acquired Rally, the company behind the Rally wallet and mobile-first web3 app experience. This acquisition aims to bolster OpenSea’s expansion into token trading, which currently spans 19 blockchain networks, positioning the platform as a leader in mobile-friendly digital asset trading.

Grayscale announces Q2 asset weight adjustments for multi-asset funds

Grayscale Investments announces the rebalancing of its multi-asset funds for the second quarter of 2025. The DeFi fund adds Ondo (ONDO), with Uniswap (34.01%) and Aave (30.74%) holding the largest weights. The Smart Contract fund removes Polkadot and adds Hedera, while Ethereum and Solana account for 30.22% and 29.87%, respectively. The AI fund retains its existing assets but adjusts weights, with Bittensor and NEAR Protocol representing 29.10% and 28.41%, respectively.

Grayscale states that these funds do not generate income and periodically allocate fund components to cover ongoing expenses, which will gradually reduce the number of asset components represented by fund shares over time.

Nasdaq-listed BioSig raises $1.1 billion to advance on-chain commodity markets

BioSig Technologies (Nasdaq: BSGM), a Nasdaq-listed medical technology company, announced on Monday a financing agreement worth up to $1.1 billion with an undisclosed institutional investor to support its plan for on-chain commodity markets, according to Businesswire press. The funding includes $100 million in senior secured convertible bonds and a $1 billion equity credit line.

This financing follows BioSig's merger with Bahamian company Streamex Exchange Corporation, marking the company’s strategic shift toward tokenization of real-world assets. BioSig CEO and Streamex co-founder Henry McPhie stated that the company’s mission is to bring liquidity, transparency, and accessibility to the $142 trillion commodity market.

KULR Technology Group secures $20 million credit line from Coinbase to accelerate Bitcoin accumulation

KULR Technology Group (NYSE: KULR) announced today a $20 million credit line agreement with Coinbase Credit, Inc., aimed at supporting its strategic Bitcoin accumulation plan, according to an official statement. This marks KULR's first Bitcoin-collateralized credit facility, offering non-dilutive capital with competitive financing rates.

Since late 2024, KULR has made Bitcoin a core part of its financial strategy, committing up to 90% of its remaining cash reserves to Bitcoin acquisitions.