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According to ChainCatcher, citing Jintou News, EU member states have voted to approve a measure imposing retaliatory tariffs on US products totaling 93 billion euros. The previous day, a spokesperson for the European Commission stated on July 23 that the EU plans to merge two lists of retaliatory tariffs targeting US exports into a single unified list totaling 93 billion euros. This list mainly covers high-value industrial products such as aircraft, automobiles, and electrical equipment. The combined package of the two lists amounts to 93 billion euros. European Commission spokesperson Olof Gill said on July 23 that if negotiations with the US break down, the retaliatory measures will take effect on August 7.

BlockBeats News, July 24 — According to data from Coinglass, if Bitcoin surpasses $120,000, the cumulative short liquidation intensity on major CEXs will reach $1.285 billion. Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity on major CEXs will reach $1.946 billion. BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance, or intensity, of each liquidation cluster compared to adjacent clusters. Therefore, the liquidation chart shows the extent to which the underlying asset’s price reaching a certain level will be affected. A higher “liquidation bar” indicates that once the price reaches that level, there will be a more intense reaction due to a wave of liquidity.