Trump: Proposed 50% Tariffs on EU Products from June 1
US President Donald Trump has toughened his criticism of the European Union, proposing to impose a 50% tariff directly on the EU as of June 1, 2025. In his social media statement, Trump said that the EU’s founding purpose was to gain a trade advantage over the US and that the annual trade deficit of more than 2.5 trillion dollars is unacceptable. He also stated that products made in the US will be exempt from this tariff.
Trump: Apple to face 25% tariff if iPhone production doesn’t move to the US
Recalling his past meeting with Apple CEO Tim Cook, Trump emphasized his demand that iPhones be manufactured in the US. Trump said that if Apple continues to manufacture in India or other countries, the company will face tariffs of at least 25% on imports into the US.
US and UK Stock Markets to be Closed on Monday, May 26
Next Monday, May 26, 2025, the US equity market will be closed for one day for Memorial Day. On the same date, the UK equity market will also be closed for the Spring Bank Holiday.
TON Foundation Updates Ecosystem Support Program
The TON Foundation announced that it has switched to an internal rating system for categorizing and evaluating projects. The new system focuses on five main sectors, including payment infrastructure, simple DeFi, GameFi, Telegram in-app economy and artificial intelligence. Projects will be divided into two categories, “Champions” and “Emerging Projects”, and will receive guidance and technical support based on their rating results.
ECB Expects Additional Interest Rate Cut for 2025
Investors have started to price in three more rate cuts by the European Central Bank (ECB) in 2025. Expectations of falling inflation and signs of weak economic growth are increasing easing pressures on the ECB.
Sui Launches “White List” Function for Safety and Rescue
Sui has launched a new whitelisting function that can be used to recover funds in the event of an attack. This system makes it possible for pre-authorized recovery operations to bypass all security checks and be executed on-chain. This feature is designed to facilitate the return of lost funds in the future.
Addresses Belonging to Trump Family Crypto Project WLFI Sell $600,000 BUILDon Token
A wallet address associated with WLFI (World Liberty Financial) reportedly sold more than $600,000 worth of BUILDon (B) tokens in about an hour, draining all token assets. This sales activity has reignited discussions that the project is associated with short-term speculative strategies.
