[Bitu Daily News Selection] Trump announces trade agreement with Japan: 15% tariff + $550 billion investment in the US; SpaceX: Musk may return to US politics; Sources: prediction market platform Polymarket considers issuance of its own stablecoin; US SEC halts execution after approving Bitwise encryption index fund conversion application.

Daily Web3 news selected for you by the Bitpush editor:

[Trump announces trade agreement with Japan: 15% tariffs + $550 billion investment in the US]

According to Bitu News, U.S. President Trump stated that we have just reached a massive agreement with Japan, which may be the largest deal in history. At my direction, Japan will invest $550 billion in the United States, and the U.S. will receive 90% of the profits. This agreement will create thousands of jobs – unprecedented. Perhaps most importantly, Japan will open its national trade, including automobiles and trucks, rice, and certain other agricultural products, among other things. Japan will pay the U.S. a 15% reciprocal tariff. For the United States, this is a very exciting moment, especially as we will continue to maintain a good relationship with Japan.

[SpaceX: Musk may return to American politics]

According to Bitpush news, a new warning has been added to the acquisition documents of Elon Musk’s SpaceX: the billionaire may not have fully exited the political arena.

According to documents reviewed by Bloomberg and individuals familiar with the matter, SpaceX has added relevant risk disclosure clauses in the transaction documents submitted to investors. Sources say this is the first time such wording has appeared in equity offering documents of this kind.

Currently, SpaceX’s latest valuation has reached approximately $400 billion, and it is expected to become the most valuable private company in the world. Musk and representatives from SpaceX have not responded to requests for comments on this matter.

[Insider: Prediction market platform Polymarket considers issuing its own stablecoin]

According to BitPush news, Coindesk cites sources familiar with the matter that the cryptocurrency prediction market platform Polymarket is evaluating the possibility of issuing its own stablecoin. The platform is currently valued at over $1 billion.

Sources say that Polymarket is considering issuing a stablecoin to gain revenue from the USDC reserves generated on its platform. Currently, platform users need to use USDC issued by Circle for betting, and the interest generated from the related funds reserves belongs to Circle.

According to informed sources, since Polymarket is a closed ecosystem, the technological threshold for issuing stablecoins is relatively low, as it only needs to implement the exchange function between USDC and its own stablecoin, without having to deal with complex processes such as fiat currency deposits and withdrawals.

A Polymarket spokesperson responded that decisions regarding stablecoins have not yet been finalized. Data shows that the platform handled approximately $8 billion in bets during last year’s U.S. election, with 15.9 million visits in May this year.

It is worth noting that the stablecoin regulation bill passed in the U.S. last week has made issuing stablecoins more attractive for crypto companies. Meanwhile, Circle is reaching revenue-sharing agreements with several exchanges and fintech companies to maintain the market competitiveness of USDC.

[U.S. SEC Suspends Execution After Approving Bitwise Crypto Index Fund Conversion Application]

According to Bitu’s news, The Block reported that the U.S. Securities and Exchange Commission ( SEC )'s Division of Trading and Markets has approved the “accelerated conversion” application for the Bitwise 10 Cryptocurrency Index ETF. However, SEC Assistant Secretary Sherry R. Haywood later issued a notice stating that the committee will re-examine the decision and suspend the execution of the previously approved order.

According to SEC filings, the Bitwise 10 Crypto Index Fund ( code: BITW) currently includes cryptocurrencies such as Bitcoin, Ethereum, Ripple, Solana, and DOT, using a market capitalization-weighted allocation. This postponement decision is similar to the approach taken by the SEC earlier this month regarding the Grayscale Digital Large Cap Fund (.

Market analysts have offered different interpretations of the SEC’s actions on social media. Scott Johnsson, a general partner at Van Buren Capital, believes that the SEC may have made this decision under the opposition of Democratic commissioner Caroline Crenshaw. Bloomberg ETF analyst James Seyffart stated that the SEC may be developing a unified listing standard for cryptocurrency ETFs to streamline the approval process.

[LetsBonk’s market share on the Solana Meme token launch platform has grown to 64%]

According to Bitu News, the market share of the Solana-based meme token launch platform LetsBonk has increased from 5% a month ago to 64% currently, while its competitor Pump.fun’s market share has plummeted from 90% to 24% during the same period.

[Dan Tapiero’s fund has been renamed 50T and launched a new $500 million fund, predicting that the crypto ecosystem will reach a scale of $50 trillion]

According to Bitpush news, two cryptocurrency growth equity funds under veteran macro investor Dan Tapiero—10T Holdings (10T) and 1RoundTable Partners (1RT)—have announced their merger and rebranding as 50T. Meanwhile, the new brand has launched a new fund, 50T Fund V, with a scale of 500 million dollars, focusing on growth equity investments in the fields of blockchain, cryptocurrency, and Web3 infrastructure.

Tapiero has adjusted his long-term forecast for the digital asset ecosystem, believing that the value in this field could reach $50 trillion within the next decade, far exceeding his previous expectation of $10 trillion made in 2020. He explained that this valuation includes not only cryptocurrencies like Bitcoin and Ethereum, but also the market capitalization of all publicly listed and private companies in the industry. Currently, the total valuation of the crypto ecosystem has surpassed $5 trillion.

50T Fund V is a 10-year closed-end fund, with the first round of fundraising scheduled to be completed in the fourth quarter of this year. The background for this brand integration and the launch of the new fund is that the portfolio under Tapiero has recently achieved several important exit cases, including the acquisition of Deribit by Coinbase for $2.9 billion, as well as the public listings of Circle and eToro. In addition, its affiliated SPAC company 1RT Acquisition Corp. raised $172.5 million in excess on Nasdaq earlier this year.

The merged 50T currently manages an asset scale of 2 billion USD and deeply participates in the governance of invested companies through board seats. The fund adopts a “selected track + active risk control” strategy, focusing on the field of digital ecological infrastructure.