European Union President: Will Extend Suspension of Retaliatory Measures on U.S. Tariffs Until Early August
On July 13, European Commission President von der Leyen said, "We will prolong the suspension period of retaliatory measures against U.S. tariffs until early August. We have always been clear that we prefer to reach a solution with the United States through negotiation, and this stance remains unchanged."
"Retaliatory measures are intended for exceptional circumstances, and we have not yet reached the stage where they need to be implemented." (FX Street)
4 minutes ago
MEXC's Second Round of PUMP Launchpad is now live, and 50 U Contract Trial Funds have been distributed to users affected by the first round.
On July 13th, the first round of MEXC's PUMP Launchpad subscription came to an end. Some users who had completed the newbie task were unable to participate successfully in the first round. For those users affected in this round, eligible users who pass the risk control review will receive 50 USDT contract trial funds. At the same time, these users will be directly added to the white list for the second round of the Launchpad without the need to register again, make a deposit, or complete any tasks.
The second round of the PUMP Launchpad has officially begun and will end at 14:00 (UTC) on July 15, 2025.
4 minutes ago
Bitcoin Surges Above $118,000
On July 13th, based on HTX market data, Bitcoin experienced a rebound and surpassed $11,800, with a 0.04% increase in the past 24 hours.
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Next Week Macro Outlook: U.S. June CPI, PPI, and Retail Price Index
On July 13th, the key macroeconomic data to be released in the United States next week is as follows:
Tuesday 20:30, the US June CPI data and the July New York Fed Manufacturing Index;
Tuesday 21:15, Fed Governor Bauman gives welcoming remarks at a meeting hosted by the Fed;
Wednesday 00:45, Fed Governor Barr speaks at a meeting hosted by the Fed;
Wednesday 20:30, the US June PPI data;
Thursday 20:30, the US June Retail Sales M/M, the US Initial Jobless Claims up to July 12th, the July Philadelphia Fed Manufacturing Index, and the June Import Price Index M/M;
Friday 22:00, the US July 1-year Inflation Rate Expectation Preliminary Value and the US July University of Michigan Consumer Sentiment Index Preliminary Value.
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Analysis: Trump's New Tariff Threat Would Have a Negative Impact
On July 13th, analysts voiced concerns regarding the economic and diplomatic implications following President Trump's threat on Saturday to impose a 30% tariff on goods imported from Mexico and the EU starting from August 1st.
Mary Lovely, a senior fellow at the Peterson Institute for International Economics, cautioned that Trump's tariffs would ultimately result in price increases and job losses. Meanwhile, Alan Sykes from Stanford Law School expressed worries about whether the US would be regarded as a reliable party in future negotiations. (FX168)
4 minutes ago
Backpack CEO: Coin Issuance Progressing Rapidly
July 13th. In response to the post by community KOL @hebi555 about "It may take a long time for BP to issue coins, so everyone be prepared for a marathon.", Backpack CEO Armani Ferrante replied, saying, "This is an exaggeration. Our progress is very fast. It is even faster than what you imagine."
Previously, Armani Ferrante had stated, "I can't provide an exact answer. Based on other successful token programs, it could be at most a year (we have 10 weeks in a quarter). We will flexibly adjust according to the progress of regulations. It may be shorter or a little longer, but I expect it not to exceed a year. However, I don't want to make any guarantees because these processes are both long and complex, involving many different parties."
4 minutes ago
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