Battery Material Stocks Jump after US Announces Graphite Duty

Stocks

Summary:

Battery material stocks soared after the U.S. imposed 93.5% anti-dumping duties on Chinese graphite. Investors expect a shift in EV supply chains, boosting non-Chinese producers like Syrah, Novonix, and Posco Future M.

Stocks of battery material makers climbed after the US announced it would impose preliminary anti-dumping duties of 93.5% on graphite imports from China.

Shares of Australian graphite miner Syrah Resources Ltd. surged as much as 38%, while shares of South Korea’s Posco Future M Co. climbed 24%. Novonix Ltd., an Australian-listed company with a graphite production plant in Chattanooga, Tennessee, surged 21%. Gains in these and other Asian stocks tracked earlier jumps in Canadian peers including Nouveau Monde Graphite Inc.

The Commerce Department issued the preliminary determination Thursday, and a final plan should be announced by Dec. 5. The US determined that China, which dominates the processing capacity of graphite, had been unfairly subsidizing the industry.

Graphite is a key raw material in the anodes of electric-vehicle batteries. About two-thirds of the material imported by the US still came from China last year, according to BloombergNEF, even though China strengthened export control on some categories of graphite since 2023. The US has sought to encourage EV makers to be less reliant on Chinese components with subsidy-qualifying measures under its Inflation Reduction Act.

“I think this is going to change behaviors and sourcing strategies of battery manufacturers in the United States,” said Michael O’Kronley, chief executive officer at Novonix. “The cost of graphite imported from China is going to go up. This ruling essentially is going to accelerate some of those discussion we have with manufacturers.”

The new duties will add to existing rates making the effective tariff 160%, according to the American Active Anode Material Producers, the trade group that filed the complaint. China currently dominates the processing capacity of graphite, with the International Energy Agency in a report in May calling the material one of the most exposed to potential supply risks.

“Expectations of IRA benefits coupled with US-China decoupling are boosting investor sentiment and driving up the share prices of related companies,” said Namho Kim, general manager of Timefolio Investment Management in Seoul. “Battery material companies with lower reliance on China will emerge as key beneficiaries.”

Chinese suppliers including Hunan Zhongke Electric Co. and Jiangsu Baichuan High-Tech New Materials Co. traded slightly higher early Friday.

“The US is likely to be promoting the development of its own graphite industry by forcing domestic battery makers to switch suppliers,” said Eugene Hsiao, head of China equity strategy at Macquarie Capital. “Thus upstream suppliers of Chinese graphite anodes are more likely to be impacted.”

Source: Bloomberg

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Devin

Economic

Commodity

The European Union has approved a new package of sanctions on Russia, including restrictions on banking and fuels made from Russian petroleum, and a revised oil price cap – the 18th raft of measures since the country’s full scale invasion of Ukraine. The new controls will cut around 20 more Russian banks off from the international payments system SWIFT and blacklist a large oil refinery in India, which is partially owned by Russia’s state-run oil company.

The deal was initially blocked by Slovakia, until the country last night accepted guarantees from the European Commission that would limit the fallout from a planned cut off of Russian gas.

The UK today separately sanctioned 18 people it accused of spying for Russia’s GRU military intelligence agency, who it said had conducted cyber and hybrid warfare operations against Britain and Ukraine, including online reconnaissance to help target missile strikes.

The UK could join together with European powers in a Donald Trump plan to purchase US military equipment for Ukraine. British and German defense ministers are set to talk during a virtual meeting of the Ukraine Defense Contact Group on Monday.

Indian Prime Minister Narendra Modi is likely to visit the UK next week to sign a landmark trade deal between the countries. The agreement would slash tariffs on cosmetics, cars, and alcohol, amongst other goods, helping India and the UK to reduce disruption in the wake of protectionism from the US. The trading relationship is currently worth around £42.6 billion, and the deal – the UK’s biggest new agreement since Brexit – was signed in May and is likely to take around a year to become effective.

Barcelona will limit port space for cruise ships in a new bid to tighten up tourism to the city. The number of cruise ship passengers increased by 20% from 2018 to 2024, part of a general increase in tourism to the city which has recently led to fierce protests from residents. The move is less restrictive than some other measures the city has taken, including last year promising to ban all short-term rentals by 2029.

Meta Platforms said it won’t sign the code of practice for Europe’s new set of laws governing artificial intelligence, calling the guidelines to help companies follow the AI Act overreach. “Europe is heading down the wrong path on AI,” Meta’s head of global affairs Joel Kaplan said in a post on LinkedIn. The EU published the voluntary framework earlier this month. It is meant to help companies put processes in place to stay in line with the bloc’s sprawling AI Act, and includes copyright protections for creators and transparency requirements for advanced AI models.

The EU has agreed to open talks on strategic ties with six Gulf states, aiming to create bilateral Strategic Partnership Agreements that will broaden its international influence amid tariff threats from the US. Negotiations with the Gulf Cooperation Council countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates – are expected to begin as soon as possible, and will touch on issues from security to energy.

Cryptoassets’ total market value surged past $4 trillion for the first time, as the US legislature ends so-called “Crypto Week,” when the first-ever federal legislation for stablecoins was passed. The path to Bitcoin being worth $150,000 now looks “increasingly inevitable,” according to Fadi Aboualfa, head of research at Copper.

Burberry’s sales fell less than predicted, as the turnaround plan from CEO Joshua Schulman begins to deliver returns for the British fashion house. Analysts had expected a 3.7% drop in comparable store sales in the second quarter of the year – but a statement published today showed it was in fact 1%. At yesterday’s close, shares were up 27% from the start of the year – yet the company warned that the luxury slowdown in China, as well as trade tensions, mean the macroeconomic picture is still uncertain.

Zara founder Amancio Ortega’s private investment firm is on a shopping spree buying a string of trophy assets which will shield him from tax. Ortega’s family office Pontegadea has spent $500 million in the last three months buying a five-star Paris hotel, a Florida apartment block and a building on Barcelona’s iconic Diagonal Avenue. Future transactions include a potential deal to buy a $275 million office building in Miami. The shopping blitz coincided with Ortega, who is worth around $103.7 billion, receiving a multi-billion annual dividend from Inditex, the retail giant owner of Zara that he founded over six decades ago.

Source: Bloomberg Europe

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

Add to Favorites

Adam

Commodity

Economic

Rising political tensions between President Trump and the Federal Reserve are rattling investor confidence, with analysts warning that any blow to central bank independence could send gold prices soaring.

President Donald Trump has never been shy about expressing his disapproval of Federal Reserve Chair Jerome Powell, as Powell maintains the central bank’s current neutral monetary policy stance. Trump recently stated that interest rates should be at least 3% lower, which would place them in a range between 1.25% and 1.50%.

Over the past several months, Trump has launched personal attacks, calling Powell a “dumb guy,” a “moron,” a “knucklehead,” and nicknaming him “Mr. Too Late.” However, the rhetoric has intensified in recent days.

On Friday, William Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, helped spread false rumors that Powell was considering resigning.

“I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom,” he said in an official statement.

It was also revealed that Trump spoke with Republican lawmakers on Tuesday about potentially firing Powell, but he later backtracked, saying that it was “highly unlikely.”

The uncertainty surrounding central bank leadership is injecting new volatility into markets, and analysts say this environment will only worsen as concerns about the Federal Reserve’s independence grow.

In a note published Thursday, Ipek Ozkardeskaya, Senior Analyst at Swissquote Bank, described the Federal Reserve’s independence as its “superpower.”

“The consequences of such an attack on the Fed’s independence could be dramatic. Not only would the US dollar and Treasuries tumble, but the Fed would lose a superpower: the one that helps it support turmoiled financial markets by buying billions of dollars in US debt,” she said. “Remember, the US—and a few privileged economic zones—are unique in that government bonds can be supported by their central banks purchasing their debt. This is due to credibility. If that credibility is lost, the Fed loses its most important tool. If QE and the Fed’s expanding balance sheet have worked so well over decades, it’s because the Fed enjoys a level of credibility that few others do. If that credibility disappears, lowering rates would severely hurt both the dollar and Treasuries.”

In this environment, Ozkardeskaya advised investors to keep an eye on safe-haven assets, noting, “it looks like we might see some serious action at the Fed this fall.”

She pointed to Turkey’s central bank as an example of an institution that lost credibility after losing its independence. From 2018 to 2023, Turkish President Recep Tayyip Erdogan pursued a policy of continuous interest rate cuts and currency intervention, even as inflation soared out of control.

Michael Brown, Senior Market Analyst at Pepperstone, also cited Turkey’s economic turmoil as a warning for U.S. investors. He added that such an environment would be favorable for gold.

“When one has to reach for Turkey as an analogy for how monetary policy could end up being set, it isn’t exactly a promising, or reassuring, sign,” he said in a note. “And, in any case, yesterday’s reaction supports my longer-running bearish view: selling rallies in the greenback as any and all pretense of monetary policy independence continues to be eroded, in rather rapid fashion.”

“It appears that the administration is seeking to erode every last shred of monetary policy independence—either right now or via the appointment of Powell’s successor next May,” Brown said in a comment to Kitco News. “Either way, this is going to keep international investors spooked and ensure that reserve allocators continue to seek alternatives to the greenback. Obviously, this is where gold can shine.”

Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, said he is bullish on gold as the turmoil at the Fed adds to growing geopolitical uncertainty across financial markets.

“If political tensions rise even higher and the Federal Reserve faces more pressure from the White House, the most likely scenario would be increased volatility in the market. Gold, given its past role as a safe haven in times of political and economic volatility, would likely see more use as a store of value,” he said.

Jim Wyckoff, Senior Market Analyst at Kitco.com, also said he expects gold to rally if Trump follows through with his initial threat to fire Powell.

“Trump firing Powell would surprise the marketplace and drive safe-haven demand to gold, which in turn would likely pressure the U.S. dollar index—at least initially,” he said.

Some analysts suspect that Trump’s remarks were an attempt to test the waters on changing the Fed’s leadership. Marc Chandler, Managing Director at Bannockburn Global Forex, said the trial balloon floated “as well as a lead zeppelin.”

Analysts also note that the central bank drama is just the latest addition to a growing list of fundamental factors supporting gold. Like Trump’s ongoing trade war, they say anything that threatens the U.S. dollar’s role as the world’s reserve currency will ultimately drive gold prices higher.

While investment demand has increased this year, analysts emphasize that central bank demand remains a critical factor behind gold’s historic rally over the last three years. Some expect global central banks to boost gold reserves by another 1,000 tonnes this year—for the third consecutive year.

While market analysts at TD Securities say it is unlikely Trump would be able to fire Powell before his term expires in May 2026, they suggest that creating a "shadow chair" on the committee might be an option. However, they caution that this would have a similar disruptive effect on broader financial markets.

“In this scenario, monetary policy guidance will be diluted, as there will be no central message to rely on, which will complicate one of the avenues the Fed uses to manage expectations,” the analysts wrote. “A shadow Fed Chair could be the next big worry for the USD, especially given the financing risks of the widening fiscal deficit. This would serve to shorten the path to the FX value trade (USD selloff) if the Fed starts to lose credibility. This could usher in the next leg lower for the USD, accompanied by a steeper curve and further reversal of the historical relationship to the US 10-year rate.”

Source: kitco

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

Add to Favorites

Adam

Stocks

Britain's stock market finally appears to be reversing years of underperformance against the rest of Europe, as a UK/U.S. trade deal, lighter regulation and cheap stocks deliver juicy returns that are starting to attract foreign investors.

The FTSE 100 has gained nearly 10% this year to hit record highs this week, beating the STOXX 600, which is up 7.5%.

On a year-to-date basis, London's blue-chip index has performed better than its European counterpart for the last six weeks, its longest such stretch since late 2022, when a weak pound beefed up revenues for the export-focused FTSE.

This week, the financial regulator said it will roll out new rules to boost Britain's capital markets, while Chancellor Rachel Reeves told the financial industry to paint a less negative picture of UK stocks for would-be retail investors, as she seeks new ways to revive a stagnating economy.

For foreign investors, the blue-chip index is already looking appealing given sterling's rally this year, while asset managers say the narrative around the UK is shifting.

"We are seeing signs of big asset allocators coming back to the UK," Justin Onuekwusi, chief investment officer at St. James's Place. "I am talking about non-UK endowments, pension funds, asset owners, wealth managers who were all very underweight the UK post-Brexit," he said.

In dollar terms, the FTSE-100 is up nearly 18% so far this year, set for the biggest dollar-denominated returns since 2009, compared with a 6% year-to-date gain in the S&P 500 which has also hit record highs.

The pound , up 7% this year against the dollar as investors turn away from U.S. assets in response to heightened U.S. policy uncertainty under U.S. President Donald Trump, acts as a headwind for FTSE constituents, 80% of whom get their revenues from overseas.

Yet the index's wealth of large defensive companies, including healthcare, utilities and food retailers, help insulate it against swings in the underlying economy, like drugmaker AstraZeneca or supermarket chain Tesco It also has growth-sensitive resource stocks such as Anglo American and BP to tap into strength in oil, copper and gold.

Britain meanwhile is one of the few economies facing less trade uncertainty with a U.S. trade deal in place. In contrast, the European Union faces the threat of 30% tariffs if there is no agreement by August 1.

Foreign investors are warming to London's unloved stocks_1

A bar chart showing the annual percentage change in the FTSE 100 in dollars in orange and the S&P 500 in blue from 1985 to 2025

'TEA AND BISCUIT'

"The UK stock market is the calming cup of tea and biscuit in an uncertain world. There’s nothing fancy on offer, just reliable names that do their job day in, day out," AJ Bell investment analyst Dan Coatsworth said.

Valuations for FTSE-100 companies have lagged those elsewhere in Europe for years.

The 2016 Brexit vote accelerated that trend, with fewer companies using London to list their shares and fewer cropping up as M&A targets, given the political and economic uncertainty that prevailed at the time.

Now the UK market is catching up. The FTSE-100's 12-month forward price-to-earnings ratio of 12.5 is the highest for around five years, compared with 14.11 for the STOXX, the narrowest gap in around 18 months, LSEG data shows.

The S&P trades at a ratio of 23, a near-10 point premium to the FTSE, compared with under 2 points 10 years ago.

"The relatively poor performance we’ve seen in the UK versus particularly the U.S. over the past two years has begun to unwind. We’re in the foothills of that," Michael Stiasny, head of UK Equities, M&G Investments, said, adding that the UK market has traded at a "significant discount".

The pound is close to a four-year high against the dollar, but has weakened against the euro this year , offering a tailwind to the FTSE's big exporters.

The EU is Britain's largest trading partner, accounting for 41% of exports in 2024, followed by the United States, with 22%, according to official data.

It isn't all rosy. The British economy is flagging, inflation is well above the Bank of England's target of 2% and business activity and employment are slowing.

Barclays data shows UK equities have seen a net outflow of $20 billion in 2025, although outflows have almost dried up in the last month, compared with Europe's year-to-date inflow of $13 billion and rapidly slowing inflows.

Sebastian Raedler, head of European equity strategy and Bank of America Merrill Lynch, said he felt the FTSE's strong run was a function of the currency and in line with the rest of Europe.

"Net-net, the FTSE has mildly outperformed, but I would say in an environment where there are a lot of big stories ... a 2% (out)performance of the UK this year would rank further down the radar from my perspective," he said, referring to the percentage gain in the FTSE in 2025 versus that of the STOXX.

Foreign investors are warming to London's unloved stocks_2

Two blue lines showing the P/R ratios for the STOXX 600 and FTSE 100 indices

Source: reuters

Risk Warnings and Disclaimers

Add to Favorites

Adam

Stocks

Income investors seeking stocks with stable dividends should focus on companies with a proven track record of dividend increases. Investors can generate rising dividends from stocks that have established track records of growing their dividends year after year, even during recessions.

Blue-chip stocks are established, financially strong, and consistently profitable publicly traded companies. Their strength makes them appealing investments for comparatively safe and reliable dividends and capital appreciation, versus less established stocks.

We define blue-chip stocks as those with at least 10 consecutive annual dividend increases. These three blue-chip stocks have reliable dividends and steady dividend growth.

Target Corporation

Target Corporation (NYSE:TGT) is a general merchandise retailer that operates in the US. The company offers a vast assortment of food products, including dry groceries, dairy, frozen items, and perishables. Additionally, Target operates a large apparel business, featuring many of its private labels. The company offers a wide range of electronics, toys, animal care products, home décor, and more.

Target posted first-quarter earnings on May 21st, 2025, and results were quite weak once again. Earnings came to $1.30 per share, which missed estimates by 35 cents. Revenue was also 3% lower from the prior year at $23.8 billion, missing estimates by $550 million. Merchandise sales were off 3.1% year-over-year, partially offset by a 13.5% increase in other revenue.

Digital comparable sales were up 4.7%, with same-day delivery growth of 35%. Strength in Drive Up continues to drive those results. Operating margin was 6.2% of revenue, up from 5.3% a year ago.

Target’s competitive advantage comes from its everyday low prices on attractive merchandise in its guest-friendly stores. The company is not immune to recessions. In 2008, its earnings per share fell by 14%. Nevertheless, that performance was much better than that of most companies, which saw their earnings collapse during the Great Recession. Moreover, it took only one year for Target’s earnings to return to their pre-crisis level.

Therefore, while Target is vulnerable to economic downturns, it is much more resilient than most stocks in such periods. Target is combating this in part with its massive push towards digital sales channels.

Target’s current yield of 4.4% compares quite favorably to the 1.3% yield of the S&P 500. Target has raised its dividend for an impressive 56 consecutive years, placing it in rare company on that measure. The payout ratio is now 61% of earnings for this year, indicating a secure payout.

Black Hills

Black Hills (NYSE:BKH) is an electric utility that provides electricity and/or natural gas to customers in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. Black Hills was founded in 1941, and the company is headquartered in Rapid City, South Dakota.

Black Hills Corp. reported its first-quarter earnings results in May. The company generated revenue of $805 million during the quarter, representing an 11% increase from the same quarter last year. Black Hills Corp. generated earnings per share of $1.87 during the first quarter, which was flat on a year-over-year basis. Q4 and Q1 are typically stronger quarters due to higher natural gas demand for heating, as evidenced by the above-average profitability during the most recent quarter.

Black Hills Corp. forecasts earnings-per-share of $4.00 to $4.20 for the current Fiscal Year. Current guidance implies that earnings per share will hit a new record high this year.

As a utility, Black Hills enjoys a recession-proof business model, as people will always need electricity and gas. Today, the company pays out roughly two-thirds of its net profits in the form of dividends. Its decades-long dividend growth track record assures investors that a dividend cut is unlikely from this utility company. The fact that customers tend to stick with their provider means that Black Hills operates a relatively stable business model. The company should also be able to weather future recessions reasonably well, which creates appeal for more conservative investors.

On average, earnings per share grew by 3% to 4% annually over the past 10 years, which is a solid growth rate for a utility. Black Hills’ growth over the coming years depends on several factors. This includes rate reviews, which drive revenue and profits per kilowatt hour. Rate reviews will enable Black Hills to recover investments in its existing systems, thereby more or less guaranteeing increased revenue over time.

Black Hills Corporation has increased its dividend for 55 consecutive years, which makes it a Dividend King.

Lowe’s Companies

Lowe’s Companies (NYSE:LOW) is the second-largest home improvement retailer in the U.S., behind Home Depot (NYSE:HD). Founded in 1946 and headquartered in Mooresville, North Carolina, the company has a market cap over $120 billion. As of January-end, Lowe’s operated 1,748 home improvement and outlet stores across the U.S., covering about 195 million square feet of retail selling space.

Lowe’s reported first-quarter 2025 results on May 21st, 2025. Total sales came in at $20.9 billion compared to $21.4 billion in the same quarter a year ago. Comparable sales decreased by 1.7%, while net earnings-per-share (EPS) of $2.92 compared to $3.06 in the first quarter of 2024. Lowe’s was negatively impacted by unfavorable weather, partly offset by mid-single-digit comparable sales growth in Pro and online channels.

The company repurchased $112 million of common stock in the quarter. Additionally, it paid out $645 million in dividends. Lowe’s reiterated its Fiscal 2025 outlook and still expects to earn diluted EPS of $12.15 to $12.40 on total sales of $83.5 to $84.5 billion.

Acquisitions are a potential catalyst for Lowe’s growth. On June 2nd, 2025, Lowe’s announced it had closed on the previously announced acquisition of Artisan Design Group (ADG) for $1.325 billion. ADG is a major provider of interior surface design and installation services, such as flooring, cabinets, and countertops, serving homebuilders and property managers across the U.S. It registered $1.8 billion in revenue last year and has a network of over 3,200 installers. The move expands Lowe’s Pro business into a $50 billion market.

Lowe’s has delivered strong EPS growth, with a 15.7% CAGR from 2015 to 2024 and 16.3% over the past five years. Sales growth, margin gains, and share buybacks powered this. We expect EPS growth of around 9% annually over the next five years.

This growth will allow the company to continue raising its dividend, as it has for many years. On May 30th, 2025, Lowe’s increased its quarterly dividend by 4.3%, from $1.15 per share to $1.20 per share. This marked the 62nd consecutive year of increasing dividends for the company.

Lowe’s is a Dividend King; the company has raised its dividend annually for 62 consecutive years, even during recessions, the Great Financial Crisis, and the COVID-19 pandemic. This powerful track record, coupled with the fact that Lowe’s dividend payout ratio is relatively low at 39% for 2025, shows that Lowe’s is a reliable and low-risk dividend stock where investors do not have to worry about a dividend cut. Additionally, the company is likely to experience many years of dividend growth.

Source: investing

Risk Warnings and Disclaimers

Add to Favorites

James Whitman

Political

Germany, the Netherlands and Sweden oppose European Union joint borrowing despite mounting global challenges, while Denmark is sceptical, finance ministers from those countries said on the sidelines of a G20 meeting in Durban, South Africa.

Dutch Finance Minister Eelco Heinen said that a 2 trillion euro ($2.31 trillion) EU budget for 2028 to 2034 proposed on Wednesday by the European Commission was way too large and was "dead on arrival".

"I'm not in favour of joint borrowing. The Netherlands has never been and will continue on that path," he told Reuters.

Some members of the 27-country bloc argue that joint debt could help fund the massive EU-wide spending plans that the Commission is seeking, allowing cheap borrowing.

Common borrowing was first used by the EU to help countries pay for the recovery from the coronavirus pandemic. But then, as now, countries such as the Netherlands, Germany and the Nordics resented having to pay for poorer southern countries that they see as lacking fiscal discipline.

Swedish Finance Minister Elisabeth Svantesson said the joint debt to deal with the pandemic was exceptional.

"For us and for the whole parliament, from left to right, it was that we did that once. And that was not to be repeated," she told Reuters.

Danish Minister of Economic Affairs Stephanie Lose said joint borrowing was sometimes presented as being the answer to all problems, but that it was important to remember the money would have to be repaid.

German Finance Minister Lars Klingbeil told Reuters on Thursday that the EU had joint debt in what was a crisis situation but this was not appropriate for resolving the bloc's finances.

"Fortunately, we are not in such a crisis right now," he said.

The 27 nations agreed in 2020 to jointly borrow 800 billion euros for the Next Generation EU programme, the bloc's pandemic recovery plan.

Heinen agreed that fund was a one-off, adding, "never again".

"When that fund was being set up, the Netherlands already said, be careful, because one day that bill will be presented, and that's the moment we're in right now."

($1 = 0.8589 euros)

Source: Reuters

Risk Warnings and Disclaimers

Add to Favorites

Adam

Cryptocurrency

The U.S. House of Representatives has passed a package of key cryptocurrency bills championed by President Donald Trump. The most important among them — the GENIUS Act — received bipartisan support (308 votes in favor, 122 against) and, after previously being approved by the Senate in June, now heads to Trump's desk. The bill introduces a regulatory framework for stablecoins, requiring issuers to comply with anti-money laundering and sanctions regulations.

The House also passed the CLARITY Act (defining general crypto market regulatory principles) and the Anti-CBDC Surveillance State Act, which aims to block the creation of a U.S. central bank digital currency (CBDC). The latter two bills are still awaiting Senate approval.

In parallel, Trump is preparing an executive order that would allow $9 trillion in American retirement savings (from 401(k) accounts) to be invested in alternative assets such as cryptocurrencies, gold, and private equity — potentially transforming the structure of the U.S. retirement system.

Crypto market euphoria; Trump signals opening retirement market to digital assets_1

As legislative progress accelerates, the crypto market is booming. Ethereum is up 51% since the beginning of July, and Bitcoin remains above the $120,000 mark. Altcoins are also gaining, supported by growing institutional interest and reports that giants like Walmart and Amazon are considering issuing their own stablecoins to reduce transaction costs. Market leaders are calling these developments a "breakthrough moment," offering hope for regulatory clarity, increased investor confidence, and a green light for widespread crypto adoption.

Crypto market euphoria; Trump signals opening retirement market to digital assets_2

Institutions are allocating increasing capital into Ethereum. Stablecoin adoption could significantly boost demand for the second-largest cryptocurrency. A notable accumulation trend can be seen via BlackRock’s ETF. Source: XTB Research