As of August 1st, Turkish time, critical developments in the cryptocurrency and general financial landscape continue to unfold, prominently driven by Donald Trump’s recent actions. Despite the clock ticking towards the monthly candle close, significant news and data continue to impact the markets. Trump’s decisions have particularly heightened the importance of both the past and upcoming weeks. Let’s dive into these consequential events.
Trump’s Latest Statements
Tariffs are set to be activated in about seven hours, and Trump has revealed some last-minute trade agreements. He also made statements on various other pressing matters. These tariffs are serious business, and so is the impact on inflation. Trump’s comments highlighted the significant deals underway, including recent trade agreements. Although Canadian Prime Minister Carney contacted Trump, no talks occurred with Canada on that day. Trump’s discontent with Canada’s statements on the Palestinian state was clear, but not deal-breaking.
He hinted at the postponement of customs duties due to COVID implications. Trump criticized Iran’s behavior as troublesome and not courteous. He also expressed regret over appointing Powell as the Fed chairman, deeming him an incompetent political appointee. Russia is also set to face sanctions, with no certainty about their impact on Putin. Meanwhile, the U.S. emissary to Israel, Witkoff, is on a visit to Russia.
In an appeal to pharmaceutical companies, the White House has requested U.S. price reductions. Trump penned letters to the world’s largest seventeen pharmaceutical firms. Having reached agreements with the EU, the UK, Japan, and South Korea, Trump imposed unilateral tariffs on India and Brazil.
Financial Reports: Coinbase, Strategy, and Apple’s Performance
The earnings reports from Coinbase, Strategy, and Apple have been positively received. Microsoft surpassed the 4 trillion dollar mark, and Apple’s results were equally promising. iPhone sales exceeded expectations, and although Amazon lagged behind its peers, it was still not overly disappointing. Investors may have been let down due to the exceptional performance of other companies.
Apple’s shares rose to $213 before dipping post-market. Strategy’s Saylor shared optimistic 2025 targets, projecting a $34 billion operating income and a 30% Bitcoin 
$77,710 yield. Coinbase reported $1.5 billion in revenue for Q2 2025, with stablecoin income reaching $333 million, marking a 12% increase. As the largest volume exchange in the U.S., Coinbase announced plans to offer tokenized stocks, prediction markets, derivatives, and early-phase token offerings in the coming months.
The activities of the big three extend beyond these results, with the upcoming closure in about 3 hours holding critical importance. In a surprising move, Strategy applied for a new stock issuance worth $4.2 billion, earmarked for additional Bitcoin purchases.
