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- 22:26Trump criticizes EU's fine on Google, says countermeasures will be consideredAccording to Jinse Finance, citing CCTV News, US President Trump posted on his social media platform "Truth Social," criticizing the European Union for imposing a $3.5 billion fine on Google, calling the move "extremely unfair" and claiming it is plundering funds that should be used for American investment and employment. He pointed out that this is just one of many fines and taxes Europe has imposed on Google and other US tech companies in recent years. Trump emphasized that his administration would not tolerate such "discriminatory behavior." Trump warned that if Europe continues to take similar actions against American tech giants, he will be forced to initiate the "Section 301" procedure to overturn these "unfair penalties" in order to protect the interests of American tax-paying companies. On the 5th local time, the European Commission announced a €2.95 billion (approximately $3.5 billion) fine on US tech giant Google for abusing its dominant position in the ad tech market and harming the competitive environment.
- 21:22The U.S. Senate is considering amending its rules to open a fast track for Trump's Federal Reserve Board nominations.Jinse Finance reported that a Republican aide in the U.S. Senate stated that Senate Republicans are considering amending the rules to open a fast-track confirmation process for Trump's Federal Reserve Board nominees. The new rules could be debated as early as the meeting at the beginning of next month.
- 21:03ENA Treasury Company refinances $530 million, with $310 million allocated for public ENA purchasesJinse Finance reported that Ethena Labs announced on X that ENA treasury company StablecoinX has raised an additional $530 million as part of its ENA accumulation strategy. With this, StablecoinX has now raised a total of approximately $895 million through PIPE financing, and it is expected that after the transaction is completed, its balance sheet will hold over 3 billion ENA tokens. A subsidiary of the Ethena Foundation will use the funds raised from this PIPE to launch an ENA buyback program of about $310 million, which is expected to be executed by third-party market makers over the next 6 to 8 weeks, with the buyback amount accounting for about 13% of the circulating supply. The first round of PIPE financing has already been completed, with cumulative purchases accounting for about 7.3% of the circulating supply of ENA. The newly added buyback deployment plan is as follows: when the ENA price is above $0.70, a daily buyback of $5 million will be conducted; when the price is below $0.70 or drops more than 5% within 24 hours, a daily buyback of $10 million will be conducted.