Financial News Update: Crypto Currency Function X

Market Overview

As of July 12, 2025, the crypto currency Function X is trading at a close price of $0.125469. Over the past year, the asset has experienced significant volatility, reaching a 52-week high of $0.372261 on May 14, 2025, and a 52-week low of $0.0441382 on April 8, 2025.

US Dollar and Treasuries at Risk Amid Political Uncertainty

On July 12, 2025, a report from Cryptopolitan highlighted potential risks to the US dollar and Treasuries if Federal Reserve Chair Jerome Powell is removed from his position by President Donald Trump. Deutsche Bank’s global head of FX strategy, George Saravelos, warned that the market is severely mispricing this scenario. Despite Trump’s increasing pressure for aggressive rate cuts and hints at appointing a replacement before Powell’s term ends, Powell has stated he has no intention of resigning. Saravelos suggested that Powell’s removal could lead to a 3% to 4% drop in the trade-weighted dollar within a day.

Cyprus SEC Tightens Regulations on Unauthorized Crypto Brokers

In a separate development, the Cyprus Securities and Exchange Commission (SEC) has blacklisted 19 unauthorized crypto brokers. This action is part of a broader crackdown on firms offering illegal trading services in foreign exchange and digital assets without proper authorization. The Cyprus SEC has intensified its efforts against these unauthorized brokers, issuing warnings to other unlicensed providers in the sector. Some of these platforms falsely claim connections to regulated brokers in Cyprus, exploiting the Cyprus Investment Firm (CIF) license.

Global Market Reactions to Trade Tensions

On July 11, 2025, global markets experienced a downturn as President Trump escalated trade tensions with Canada and hinted at measures targeting Europe. This led investors to seek refuge in gold, causing equity markets to slide. Trump announced a 35% tariff on Canadian imports effective August 1 and indicated similar measures for the EU. These trade tensions have disrupted global businesses, with Trump suggesting an increase in U.S. duties on other countries from 10% to 15–20%. European and U.S. indexes, including the STOXX 600, S&P 500, and Nasdaq, saw declines following a strong week.

These developments reflect ongoing volatility in both the financial markets and regulatory environments, impacting assets like Function X and broader economic indicators.