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- 15:29Tether Treasury burns 2 billion USDT on the Tron blockchainAccording to ChainCatcher, citing Whale Alert, Tether Treasury has just burned 2 billion USDT on the Tron blockchain, worth approximately $2.00023 billions. Earlier, Tether Treasury minted a total of 2 billion USDT on the Ethereum blockchain in two separate transactions, which is suspected to be a cross-chain operation.
- 15:29Atlanta Fed GDPNow model forecasts U.S. Q3 GDP growth at 3.4%ChainCatcher news, according to Golden Ten Data, the Atlanta Fed's GDPNow model estimates that the US GDP growth rate for the third quarter will be 3.4%, an upward revision from the previous forecast of 3.1%.
- 15:18UK Shelves Steel Tariff-Free Quota Plan for US, Shifts to Negotiating "Permanent 25% Tariff"According to Jinse Finance, the Financial Times reported that UK Prime Minister Starmer has shelved the idea of "granting UK steel exports to the US a certain quota of zero tariffs" and is instead inclined to negotiate with Trump to secure a "permanent" 25% tariff treatment for all UK steel export products. Starmer's allies revealed that if UK steel exports can obtain a fixed 25% tariff commitment, it would provide "certainty" for the industry and give it a competitive advantage—since this rate is only half of the 50% tariff paid by other countries. UK government officials stated that, at present, there is no "formal agreement" to make the 25% preferential tariff for UK steel a "permanent treatment," but it is expected to be announced during Trump's three-day state visit to the UK starting on Tuesday.