Trump’s temporary 10% global import tariff officially expired at 12:01 a.m. on July 24, 2026, as mandated by the 150-day limit under Section 122 of the Trade Act of 1974. But before anyone could celebrate, the White House immediately replaced it with a new round of country-specific tariffs, ranging from 10% to 12.5%, targeting 60 trading partners. One set of tariffs has expired, but another has already arrived. Crypto isn’t directly in the line of fire, but when global trade gets this unsettled, risk assets feel it. Global markets are already feeling it.
By mid-week, the geopolitical front had its own drama. Iran’s IRGC claimed it struck Amazon’s data infrastructure in Bahrain with cruise missiles during the latest flare-up in US-Iran tensions. This is significant because we’re no longer just talking about military targets. Nation-state conflict is now reaching into the civilian digital infrastructure that the internet runs on. Markets picked up on that quickly.
Binance experienced more Bitcoin outfows than inflows this week, roughly 1,600 BTC in net withdrawals. When coins move off exchanges, it usually means holders are putting them in cold storage rather than preparing to sell. One week of data isn’t a trend, but it’s the kind of signal worth watching.
Europe had a particularly busy week in regulation.
- The EU handed Google a combined €890 million fine for DMA violations, the same week it ordered the company to open Android and Search to rivals. Brussels is clearly done waiting on voluntary compliance.
- The U.K. Parliament opened a formal inquiry into whether banks are unfairly shutting crypto firms out of financial services. It’s a complaint the industry has been making for years.
- The London Stock Exchange announced plans for an overnight trading venue targeting H1 2027, directly citing 24/7 crypto markets as the reason.
In AI, the U.S. and China are planning high-level talks on AI safety risks in September, the first formal dialogue between the two on the subject this year. India backed 20 homegrown AI model proposals with over 9.3 million GPU hours under the IndiaAI Mission.
From tariffs to missiles to regulation, this week had range. If you missed anything, here’s your catch-up.
Lead Story of the Week:
New U.S. Tariffs Raise Fresh Trade Tensions as Crypto Markets Watch for Ripple Effects (Read More)
The Trump administration has announced new tariffs on dozens of countries just as the temporary 10% global import duty expires. (Read The Full Story)
Market Highlights
- Bitcoin Exchange Withdrawals Point to Lower Selling Pressure
Bitcoin exchange flows on Binance have continued to lean toward withdrawals, with around 1,600 BTC more leaving the exchange than entering it. (Read More)
- EU Hits Google With €890 Million Fine Over Digital Markets Act Violations
European Union regulators sanctioned Google with a combined €890 million fine on Thursday, July 23, 2026, for violating market competition rules under the landmark Digital Markets Act (DMA). (Read More)
- UK Parliament Probes Banking Restrictions on Crypto Firms Amid Industry Complaints
UK lawmakers have opened a new inquiry into whether banks are unfairly limiting access to financial services for cryptocurrency businesses, as concerns over account closures and payment restrictions continue to grow. (Read More)
- Iran Claims Strike on Amazon Infrastructure in Bahrain During Latest US Escalation
Rising geopolitical tensions in the Middle East as Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it had targeted Amazon’s data infrastructure in Bahrain with cruise missiles. (Read More)
Latest News For You
London Stock Exchange Plans Overnight Trading Venue to Match Crypto Competition (Read More)
The London Stock Exchange plans to set up a separate night trading venue starting H1 2027, opening up extra hours to face rising competition from 24/7 crypto platforms. (Read Full Story)
AI News Highlights
- US and China Plan September Talks on AI Risks (Read More)
The US and China are planning high-level talks on artificial intelligence in September as the two countries confront the risks created by increasingly powerful AI systems.
- India Speeds Up Homegrown AI Push With 20 Models and 93 Lakh GPU Hours (Read More)
India is speeding up efforts to build its own AI ecosystem, with the government supporting 20 homegrown model proposals with more than 93 lakh GPU hours and expanding AI training and safety programs under the IndiaAI Mission.
Market Movers
Top Gainers 📈
- Targon (SN4) +5,432%
Targon (SN4) is rising due to positive sentiment surrounding its major enterprise deal with PwC France/Maghreb, a confidential computing partnership with Intel, and a sustainable revenue model involving token buybacks.
Top Losers 📉
- DeXe (DEXE) −95.4%
DeXe (DEXE) is dropping due to a parabolic rally exhaustion, heavy whale and internal wallet selling pressure, and a cascading wave of leveraged long liquidations.
Source: CoinGecko
Project Spotlight
Gate Introduces POV Algorithmic Orders to Reduce Market Impact of Large Trades
Gate has launched Spot POV (Percentage of Volume) algorithmic orders, an execution tool that helps traders buy or sell large positions without causing sharp price swings. It splits large trades into smaller IOC (Immediate-or-Cancel) limit orders, releasing them based on market activity and a user-selected participation rate.
Disclaimer: This roundup is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence
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