Asian Nations Chase US Trade Deals as Bessent Signals Extension
Asian nations hustled over the weekend to secure trade deals with Washington, or lobby for extra time, ahead of a July 9 deadline. Treasury Secretary Scott Bessent told CNN that several big pacts are close while others remain elusive, adding that some will have an option of a three-week extension. China's tensions with the EU worsened, after Beijing said it would exclude EU-based firms from Chinese government procurement for some medical devices in retaliation for a similar move by the bloc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
The GENIUS Act Killed Yield-Bearing Stablecoins. That Might Save DeFi
Congress may pass the most consequential crypto law of the decade this week while drawing a bright red line through one of DeFi's murkiest gray areas: yield-bearing stablecoins. At first glance, the GENIUS Act appears to be a straightforward regulatory win. It will finally grant over $120 billion in fiat-backed stablecoins a legal runway, establishing clear guardrails for what qualifies as a compliant payment stablecoin. But dig into the details and it becomes clear this isn't a broad green light. In fact, under the law's rigorous requirements—segregated reserves, high-quality liquid assets, GAAP attestations—only about 15% of today's stablecoins would actually make the cut. More dramatically, the Act explicitly bans stablecoins from paying interest or yield. This is the first time U.S. lawmakers have drawn a hard line between stablecoins as payment instruments and stablecoins as yield-bearing assets. Overnight, it turns decades of crypto experimentation on its head, pushing DeFi to evolve or risk sliding back into the shadows. For years, DeFi tried to have it both ways: offering 'stable' assets that quietly generated returns, while dodging securities treatment. The GENIUS Act ends that ambiguity. Under the new law, any stablecoin paying yield, whether directly through staking mechanics or indirectly via pseudo-DeFi savings accounts, is now firmly outside the compliant perimeter. In short, yield-bearing stablecoins just got orphaned. Congress frames this as a way to protect U.S. banks. By banning stablecoin interest, lawmakers hope to prevent trillions from fleeing traditional deposits, which underwrite loans to small businesses and consumers. Keeping stablecoins yield-free preserves the basic plumbing of the U.S. credit system. But there's a deeper shift underway. This is no longer just a compliance question. It's a total rethink of collateral credibility at scale. Under GENIUS, all compliant stablecoins must be backed by cash and T-bills with maturities under 93 days. That effectively tilts crypto's reserve strategy toward short-term U.S. fiscal instruments, integrating DeFi more deeply with American monetary policy than most people are ready to admit. We're talking about a market currently around $28.7 trillion in outstanding marketable debt. Concurrently, the stablecoin market exceeds $250 billion in circulation. Therefore, even if just half of that (about $125 billion) pivots into short-term Treasuries, it represents a substantial shift, pushing crypto liquidity directly into U.S. debt markets. During normal times, that keeps the system humming. But in the event of a rate shock, those same flows could reverse violently, triggering liquidity crunches across lending protocols that use USDC or USDP as the so-called 'risk-free leg.' It's a new type of monetary reflexivity: DeFi now moves in sync with the health of the Treasury market. That's both stabilizing and a fresh source of systemic risk. Here's the irony: by outlawing stablecoin yield, the GENIUS Act might actually steer DeFi in a more transparent, durable direction. Without the ability to embed yield directly into stablecoins, protocols are forced to build yield externally. That means using delta-neutral strategies, funding arbitrage, dynamically hedged staking, or open liquidity pools where risk and reward are auditable by anyone. It shifts the contest from 'who can promise the highest APY?' to 'who can build the smartest, most resilient risk engine?' It also draws new moats. Protocols that embrace smart compliance, through embedding AML rails, attestation layers, and token flow whitelists, will unlock this emerging capital corridor and tap institutional liquidity. Everyone else? Segregated on the other side of the regulatory fence, hoping shadow money markets can sustain them. Most founders underestimate how quickly crypto markets reprice regulatory risk. In traditional finance, policy shapes the cost of capital. In DeFi, it will now shape access to capital. Those who ignore these lines will watch partnerships stall, listings vanish, and exit liquidity evaporate as regulation quietly filters out who gets to stay in the game. The GENIUS Act isn't the end of DeFi, but it does end a certain illusion that passive yield could simply be tacked onto stablecoins indefinitely, without transparency or trade-offs. From here on out, those yields have to come from somewhere real, with collateral, disclosures, and rigorous stress tests. That might be the healthiest pivot decentralized finance could make in its current state. Because if DeFi is ever going to complement, or even compete with, traditional financial systems, it can't rely on blurred lines and regulatory gray zones. It has to prove exactly where the yield comes from, how it's managed, and who bears the ultimate risk. The GENIUS Act just made this law. And in the long run, that could be one of the best things to ever happen to this industry.
Bloomberg
10 minutes ago
- Bloomberg
India's Volatility Index Dips on Easing Tariff Concerns, Rate Cut Hopes
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Local traders are set to start the day on the backfoot following the selloff on Wall Street and a choppy trend in regional markets. Till India's trade deal with the US is sealed, big moves could likely be limited to companies announcing quarterly numbers. Tech Mahindra 's results later in the day will be closely watched after underwhelming numbers from TCS and HCL Technologies have further soured the outlook for the IT sector.
Yahoo
13 minutes ago
- Yahoo
Chasen Holdings (SGX:5NV) Shareholders Will Want The ROCE Trajectory To Continue
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Chasen Holdings' (SGX:5NV) returns on capital, so let's have a look. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Chasen Holdings is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.017 = S$1.7m ÷ (S$205m - S$105m) (Based on the trailing twelve months to March 2025). Thus, Chasen Holdings has an ROCE of 1.7%. Ultimately, that's a low return and it under-performs the Commercial Services industry average of 4.8%. See our latest analysis for Chasen Holdings While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Chasen Holdings. We're delighted to see that Chasen Holdings is reaping rewards from its investments and is now generating some pre-tax profits. About five years ago the company was generating losses but things have turned around because it's now earning 1.7% on its capital. In addition to that, Chasen Holdings is employing 39% more capital than previously which is expected of a company that's trying to break into profitability. We like this trend, because it tells us the company has profitable reinvestment opportunities available to it, and if it continues going forward that can lead to a multi-bagger performance. Another thing to note, Chasen Holdings has a high ratio of current liabilities to total assets of 51%. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower. In summary, it's great to see that Chasen Holdings has managed to break into profitability and is continuing to reinvest in its business. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 56% return over the last five years. In light of that, we think it's worth looking further into this stock because if Chasen Holdings can keep these trends up, it could have a bright future ahead. If you want to know some of the risks facing Chasen Holdings we've found 2 warning signs (1 makes us a bit uncomfortable!) that you should be aware of before investing here. While Chasen Holdings may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. — Investing narratives with Fair Values MicroStrategy: Volatile Gamble or Golden Opportunity? By BlackGoat – Community Contributor Fair Value Estimated: $663.00 · 0.3% Overvalued Emerging Markets and Debt Reduction Will Propel Bath & Body Works Forward By Zwfis – Community Contributor Fair Value Estimated: $40.73 · 0.2% Overvalued An amazing opportunity to potentially get a 100 bagger By davidlsander – Community Contributor Fair Value Estimated: $10.00 · 0.1% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
