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Share link:In this post: China will impose up to 34.9% tariffs on EU brandy starting July 2025, but major French cognac brands like Hennessy and Rémy Martin can avoid them by agreeing to minimum price terms. The move follows a year-long investigation, seen as retaliation for EU tariffs on Chinese EVs. Industry leaders prefer the price deal over full tariffs, though some worry it may lead to slight price hikes.
Share link:In this post: The Trump administration is considering export controls on Malaysia and Thailand to prevent chip smuggling. The Commerce Department claimed it would formulate a strategy to replace the AI diffusion rule. Jensen Huang believes there’s no chip diversion.
Share link:In this post: The European Commission has rejected calls from major tech firms to delay its AI Act. It confirmed that the legislation will proceed on its original timeline with no pause or grace period. Provisions for general-purpose AI models begin in August 2025, and high-risk AI obligations will follow in August 2026.
- 14:42Aave Receives 7% of WLFI’s Total Token Supply as Lending Ecosystem PartnerAccording to a report by Jinse Finance, data monitoring from @ai_9684xtpa shows that under the WLFI proposal, Aave, as its lending ecosystem partner, will receive 7% of the total token supply. This portion of tokens is currently valued at $2.79 billion, while AAVE's current FDV is only $5.9 billion.
- 14:27Publicly Listed Company Vault Ventures Increases Ethereum Holdings to 771 ETHAccording to ChainCatcher, Strategic ETH Reserve revealed on the X platform that UK-listed blockchain technology company Vault Ventures has announced the inclusion of Ethereum in its treasury reserve assets, with its current Ethereum holdings increasing to 771 ETH. Reportedly, the company is the first UK-listed company to hold Ethereum in its treasury. In June this year, the company invested £750,000 (approximately $1.028 million) to purchase 403.373 ETH and £150,000 (about $205,000) to acquire 1.85606 Bitcoin.
- 13:57Uniswap Labs: Two Million "uni.eth" Usernames Have Been ClaimedAccording to Jinse Finance, Uniswap Labs announced on the X platform that so far, 2 million "uni.eth" usernames have been claimed, and users can still obtain them for free in the Uniswap wallet at this stage.