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Share link:In this post: Shein and Temu have sharply raised prices for U.S. shoppers in response to the new Trump-era tariffs on Chinese goods. Some products on Shein have surged by up to 377%, while Temu has doubled prices on select items to offset potential tariff costs. Reports suggest this is just the first wave, with other major retailers expected to follow suit as the tariff regime fully kicks in.
Share link:In this post: The Euro rally sparked speculation for EURC, Circle’s alternative currency stablecoin. EURC volumes increased in April, as the supply expanded to over 211M tokens. EURC is expanding its volumes on DEX, with new liquidity pools added to Solana markets Orca and Meteora.
- 07:48Musk's Approval Rating Falls Below Trump; Federal Cuts ControversialA poll released last Friday shows that 35% of people approve of Musk's management of the "Department of Government Efficiency" (DOGE), while 57% disapprove, up from 49% in February having a negative view of Musk. The percentage of people approving of Musk's work has not changed significantly, with 34% approval two months ago. However, the poll found that Musk's popularity remains lower than Trump's. In this survey, Trump's approval rating is 39%, with a disapproval rate of 55%. After Tesla released dismal financial results for Q1 2025, Musk announced he would dedicate more time to company operations. The poll indicates that nearly 60% of people believe President Trump's efforts to downsize the federal government through layoffs have gone too far.
- 07:461inch Expands to Solana NetworkThe multi-chain decentralized exchange aggregator 1inch has launched on the Solana network. The project team stated that this integration brings their Fusion Protocol, on-chain swap feature, and six developer APIs to empower this speed-renowned crypto network. (The Block)
- 07:24Orderly Network: Upgrade Completed, New Features Include Maximum Open Contract Limit DisplayOrderly Network, the cross-chain derivatives liquidity layer, announced via a tweet that it has completed an upgrade. New features include the display of a maximum open contract limit, support for LayerZero v2, and optimized strategy Vault. All systems are now back online.