Trump Announces 30% Tariff on EU Goods

July 13th. Bybit declared that the PUMP token sale has come to an end. The allocation results are undergoing auditing due to oversubscription. As a result of an unexpected API delay, there was an oversubscription during this issuance. Some users managed to receive token allocations, while others did not. For users who submitted subscription requests but still have frozen funds, the final allocation results are currently being verified. Users who did not receive an allocation will have their funds refunded in full. This situation was caused by an unexpected API delay.

On July 13th, Mathieu Savary, the European Chief Strategist of BCA RESEARCH, stated that Trump's strategy involves making outrageous demands. These demands will fail, after which he will make a last-minute push for certain concessions and then secure a trade deal. "We recall the framework that Trump had during his first presidential term, and this is what is currently taking place. What is being said now is not significant; what matters is the final outcome. The expectation is that the EU will ultimately 'be forced to accept a 10% tariff, but this is something that the EU can actually manage to bear.'" Prior to this, US President Trump announced a 30% tariff on EU goods starting from August 1st. Three EU officials asserted that Trump's threat to impose a 30% tariff on EU goods starting from August 1st was a negotiation tactic.

On July 13th, based on Coinglass data, the entire network has seen a liquidation of $97.6312 million in the past 4 hours. Among them, $82.6649 million worth of long positions were liquidated and $14.9664 million worth of short positions were liquidated.

On July 12th, BUILDon has officially undergone a rebranding and is now known as BUILDON GALAXY. Additionally, it has announced the upcoming launch of the first Launchpad within the USD1 ecosystem. With a focus on high-quality projects, it will offer rigorous screening, multi-chain deployment, flexible launching, and continuous market support, aiming to inject new vitality into the USD1 ecosystem.

On July 12th, according to HTX market data, Bitcoin briefly fell below $117,000 and is currently trading at $117,091.

July 12. According to on-chain analyst Ai Auntie (@ai_9684xtpa), address E1bQJ...x2bux subscribed to 40 million USDC from Circle three weeks ago when the rumor about the upcoming TGE's PUMP was spreading. Six hours prior to the start of the public sale, approximately 25 million USDC was transferred to 29 addresses. Eventually, 7 addresses successfully sent in 5.15 million USDC (only including addresses with an amount ≥ $100,000).