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This legal action stems from a ruling by the U.S. Supreme Court, which found that former President Trump lacked statutory authority to impose the relevant tariffs. According to the lawsuit, FedEx argues that since the Supreme Court has clearly ruled that the Trump administration did not have the authority to levy such emergency tariffs, companies are entitled to reclaim the corresponding amounts already paid. This lawsuit marks a significant challenge by businesses to the legal validity of tariff policies.

Odaily reported that the Ethereum Foundation has announced the establishment of a dedicated DeFi support team, setting up a DeFi unit under the App Relations department to promote the development of decentralized finance protocols and strengthen its “DeFipunk” philosophy. The new team has appointed former DELV CEO and MakerDAO governance architecture designer Charles St. Louis as DeFi Protocol Specialist, Gearbox Protocol co-founder Ivan (ivangbi) as DeFi Coordinator, with Jason Chaskin leading the overall App Relations work. The Ethereum Foundation stated that its ideal DeFi should be permissionless, censorship-resistant, privacy-first, self-custodial, and open source, emphasizing support for projects that truly adhere to these principles. Charles St. Louis stated that “DeFipunk” represents a core philosophy: DeFi should not just be an improved version of traditional finance, but rather a financial system that can only exist on Ethereum.

Bitcoin's gains have narrowed to 0.35%, retreating below $64,800.