News
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DOGS Announcement: No worries, we'll keep the place warm
Telegram·2024/07/25 02:47


WuffiTap Community Update: Highlights & a Peek into the Future
Medium·2024/07/23 09:46

Bitget·2024/07/10 06:46

Ecosystem Spotlight: Wintermute, Powering Orderly Network's Stellar Liquidity
Orderly Network Blog·2024/07/08 09:02

Get Ready for Puffer UniFi — Charting New Waters for Ethereum’s Ecosystem
Puffer UniFi, the pioneering Based Rollup, is set to address fragmentation, enable interoperability, and bring 100 milliseconds transactions to Ethereum.
Medium·2024/07/06 07:21

Introducing ICON’s Cross-chain Token Standard
Icon Foundation Blog·2024/06/25 11:18

Bitget·2024/06/25 05:51

Bitget·2024/06/17 08:36

A Letter to Catizen Community
Catizen Blog·2024/06/14 07:47
Flash
- 23:45Trump announces the implementation of "reciprocal tariffs", multiple trade partners say they will retaliatePANews reported on April 3rd, according to Cailian Press, that US President Trump signed two executive orders about the so-called "reciprocal tariffs" at the White House on Wednesday (April 2nd), Eastern Time. He announced that the United States would set a minimum benchmark tariff of 10% for all trade partners and impose higher tariffs on multiple trade partners. Trump stated that the United States will levy reciprocal tariffs on dozens of trading partners, but these tariffs will not be completely reciprocal; instead, they will charge approximately half of their comprehensive tax rate to these countries and regions. Trump displayed a poster listing out the reciprocal tariffs. The chart showed that the United States imposed a 34% reciprocal tariff on China, a 20% one on EU, 10% each for Brazil and UK, 31% for Switzerland, 26% for India, 25% for South Korea ,24 %for Japan ,32 %for Indonesia ,36 %for Thailand ,46 %for Vietnam and finally49 %on Cambodia. Senior officials from the White House said that this base tariff rate (10%) would take effect in early morning hours of April5th while Reciprocal Tariffs would come into effect in early morning hours of April9th .The exemption from goods duties under USMCA agreement shall continue with those not complying with it still maintaining at25 %. Previously several trading partners had already expressed their intention to respond by taking countermeasures.European Commission President Ursula von der Leyen stated facing new upcoming American Tariffs European Union has many cards up its sleeve having prepared strong countermeasure plans ready to implement when necessary.Canadian Prime Minister Mark Carney warned if Trump fulfills his promise regarding “Reciprocal Tariffs” Canada plans to impose retaliatory tariffs against American Goods this week.Carney also warned relations between Canada & America have fundamentally changed with Canada having “multiple measures available to respond”.
- 23:43The probability of the Federal Reserve cutting interest rates for the fourth time this year has risen to 50%Golden Finance reports that US short-term interest rate futures are rising, and traders believe there is nearly a 50% chance the Federal Reserve will cut rates for the fourth time this year, whereas previous forecasts only predicted three cuts.
- 23:42In the past 12 hours, the entire network has liquidated 410 million US dollarsGolden Finance reports, according to Coinglass data, in the past 12 hours, a total of $410 million has been liquidated across the network. Of this amount, long positions accounted for $221 million and short positions accounted for $190 million.