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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.
- 15:58The number of profitable Bitcoin wallets exceeds 55 million, reaching a record high.Jinse Finance reported, according to Bitcoin News, that the number of profitable Bitcoin holder wallets has exceeded 55 million, reaching a new all-time high, with the average holding period for Bitcoin in these wallets being 4.4 years.
- 15:58JPMorgan: Bitcoin price expected to rise to $126,000 by the end of the yearAccording to Jinse Finance, JPMorgan analysts stated that the current price of bitcoin is "too low" compared to gold, as its volatility has dropped to a historic low; bitcoin's volatility has decreased from nearly 60% at the beginning of the year to about 30% now, setting a new record low. The analysts indicated that the fair value of bitcoin is around $126,000, and they expect this target to be reached by the end of the year.
- 15:58ETH falls below $4,500Jinse Finance reported that according to market data, ETH has fallen below $4,500 and is now quoted at $4,498.5, with a 24-hour decline of 3.3%. The market is experiencing significant volatility, so please manage your risks accordingly.