$ETH Last Week's Highlights 2:
• Trump proposed renaming the Strait of Hormuz to the “Strait of Trump.”
• Tom Lee’s “BitMine” bought 53,501 ETH for $131 million.
• President Trump threatened that if rates are not cut, the U.S. will stop trading with countries that have trade deficits.
• The world’s largest sovereign wealth fund plans to sharply reduce its holdings of U.S. Treasury bonds.
• Fed Chair Wosh said a surge in global investment is underway.
• NVIDIA acquired Hugging Face for $12.93 billion.
• Hyperliquid and Kraken’s parent company discuss entering the U.S. market.
• Elon Musk said the X platform recorded its highest monthly downloads ever.
• Atkins said the SEC’s crypto proposal is its most historic step so far.
• Treasury Secretary Bessent said oil prices will fall.
• The U.S. unemployment rate remained at 4.1%.
• Standard Chartered, with $400 billion in assets, launched institutional spot crypto trading in the UAE.
• Apple accused OpenAI of destroying key evidence.
• Coinbase and Webull signed a crypto infrastructure agreement in Canada.