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INSANE: 24 | Rare Historical Photos

US Eyes Blockchain GDP Data, Peter Thiel-Backed Exchange Shuns London, Trump Family Token Emerges, Solana Rally Looms — This Week In Crypto

The weekend was a whirlwind of activity in the cryptocurrency world. From predictions of Solana’s potential surge to the historic move of publishing US GDP data on blockchain, the crypto market was abuzz with news.

Benzinga

Powell's Rate Cut Signal, Nvidia's Earnings, US GDP Data On Blockchain, Economic Crisis Signal And More: This Week In Economy

It was a weekend filled with significant developments in the world of finance and technology. From the Federal Reserve’s potential rate cut to Nvidia’s earnings, here’s a quick rundown of the top stories that you might have missed.

Benzinga

Nation's economic pulse check dominates data-heavy week

Australia's weak private sector could dampen the nation's economic recovery and cause GDP growth to undershoot the Reserve Bank's forecasts.

AAP

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What is AI Worth to the Economy?

Spending on AI is already boosting GDP, but will the massive outlays being poured into the technology deliver faster economic growth in the long run?

Kiplinger

Novo Nordisk Slowdown Weighs On Denmark's Economic Outlook

Weaker prospects for pharmaceutical giant Novo Nordisk A/S (NYSE:NVS) have prompted Denmark's economic ministry to cut its 2025 GDP forecast, now expecting just 1.4% growth, down 1.5 percentage points from May's projection.

Benzinga

Senegal’s rating downgrade: credit agencies are punishing countries that don’t check their numbers

Senegal’s dramatic two-notch credit rating downgrade in February 2025 by the credit rating agency Moody’s was followed by a Standard & Poor’s downgrade in July.

The Conversation

Cynthia Lummis Says Publishing US GDP Data On Blockchain Is A 'Historic Move' — Thanks Trump, Lutnick For Leadership

Cryptocurrency supporters hailed on Thursday the U.S. government's move to post GDP numbers on several blockchain platforms.

Benzinga

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Bitcoin Flat As US GDP Rebounds In Q2; Ethereum, XRP, Dogecoin Slide: Analyst Says 'Keep An Eye Out' For This ETH Level To Confirm 'Real Breakout'

Bitcoin consolidated on Thursday, while major altcoins fell, despite the U.S. economy posting stronger-than-expected results in the second quarter.

Benzinga

Chainlink To Deliver US Commerce Department Economic Data On-Chain For Smart Contract Use

Chainlink (CRYPTO: LINK) on Friday announced a collaboration with the U.S. Department of Commerce to deliver official macroeconomic data from the Bureau of Economic Analysis (BEA) directly on-chain, enabling smart contracts and decentralized applications to integrate trusted government statistics such as GDP and inflation data.

Benzinga

Could Rich vs. Poor Spending Habits Predict the Next Recession

Economic downturns often seem to catch everyday people off guard, but some warning signs might be hiding in plain sight. One area worth exploring is how the spending habits of the rich and the poor could predict the next recession. By looking at what, how, and when different groups spend…

The Free Financial Advisor

US Economy Roars Back With 3.3% Growth, Shrugging Off Trump Tariffs

The U.S. economy returned to form in the second quarter, growing at a 3.3% annualized pace —a sharp turnaround from the sluggish first quarter, which saw a 0.5% contraction as businesses scrambled to navigate the return of tariffs under President Donald Trump.

Benzinga

European NATO allies set to collectively reach 2% spending target for first time

The 2% of GDP guideline was instituted in 2014, but allies have recently pledged to up the target for core defence spending to 3.5% of GDP.

Euronews

Stocks Muted Before the Open as Investors Digest Nvidia’s Stumble, U.S. GDP Data in Focus

September S&P 500 E-Mini futures (ESU25) are up +0.03%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.06% this morning, pointing to a muted open on Wall Street as investors digest Nvidia’s underwhelming earnings report.

Barchart

NATO Says All Countries To Finally Hit 2-percent Spending Goal

NATO on Thursday said all its members were finally set this year to hit the alliance's previous defence spending target of two percent of GDP -- as they gear up for a far more ambitious goal.

International Business Times

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The Guardian - UK

France on the brink: how a budget deficit became a political crisis

With the government facing defeat in a confidence vote, the nation’s economic problems will still need to tackled

Evening Standard

Forbes says GDP figures ‘encouraging’, despite slower growth than UK overall

Scotland’s economy grew by 0.2% in the second quarter of the year – below the 0.3% rise seen across the UK as a whole.

Benzinga

Commerce Secretary Lutnick: US GDP Statistics To Be Published On Blockchain

U.S. Commerce Secretary Howard Lutnick on Tuesday said the Department of Commerce will begin publishing its statistics on the blockchain, including gross domestic product (GDP).

Benzinga

US-India Resume Trade, Defense Talks As 50% Trump Tariffs Take Effect, Threatening Billions In India's GDP

U.S.-India held a virtual 2+2 Intersessional Dialogue on Monday, discussing a wide range of topics and exploring ways to enhance cooperation, as Trump’s 50% tariffs take effect on Wednesday.

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Euronews

Tax revenue as a share of GDP in Europe: Which countries collect the most?

Euronews Business takes a closer look at how much tax European countries collect and what share of their national outputs it represents. Among the top five economies, France records the highest ratio, while the UK has the lowest.

The Guardian - UK

Nature loss will cut UK GDP by 5% without action from private sector, say experts

Report finds regenerative approach could yield economic benefits while helping to meet environmental targets

Fortune

Trump’s tariffs are becoming such an important revenue source that they’re now propping up America’s debt rating

“At this time, it appears that meaningful tariff revenue has the potential to offset the deficit-raising aspects of the recent budget legislation.”

GOBankingRates

3 Surprising Countries That Have Less Money Than Elon Musk

Elon Musk's staggering net worth tops the GDP of over 150 countries, highlighting global wealth inequality and the scale of individual fortunes.

Al Jazeera

Is Trump’s ‘Big Beautiful’ spending law the biggest tax cut in US history?

Trump’s 2025 law ranks third among tax cuts since 1980 and mainly extends old cuts, making its impact modest for most.

Euronews

Germany’s GDP contraction worse than expected after tariff boost

The economy had seen a slight uptick at the start of this year as businesses sought to get ahead of tariffs, but the country has now slipped back into contraction territory.

Fortune

‘The nation’s finances have deteriorated’ since Trump took office, CRFB says, gaming out the scenarios up to a $28.5 trillion deficit

The baseline scenario shows cumulative deficits reaching $22.7 trillion by 2035, and that’s if everything goes according to plan.

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