The United States has activated Section 122 of the 1974 Trade Act, a rarely used emergency provision, to impose a temporary 10% import surcharge for 150 days.
This move represents a significant shift in trade policy, utilizing a tool that has remained largely dormant for decades. The emergency tariff mechanism allows the government to respond quickly to economic pressures without lengthy legislative processes.
Key Details:
- Duration: 150 days (temporary measure)
- Rate: 10% surcharge on imports
- Legal basis: Section 122 of the 1974 Trade Act
The timing follows previous trade tensions, including China's earlier announcement of reducing tariffs on US goods from 125% to 10% for 90 days in May 2025.
This emergency action signals potential economic concerns that prompted the administration to reach for this uncommon policy instrument.
The US just reached for a rarely used emergency tariff tool. Section 122, a 1974 Trade Act provision, is now being used to apply a temporary 10% import surcharge for 150 days.
Bitcoin Long-Term Holders Increase as Supply Sits Dormant for Three Years

New Bitcoin buyers are accumulating, with a notable increase in coins that haven't moved for 36 months. This pattern typically signals supply absorption and often precedes upward price movement. **Key developments:** - Coins dormant for 3+ years are increasing - Supply absorption pattern emerging - Historical data suggests upside potential if trend continues **Recent context:** - Whales added 200,000 BTC over the past 30 days - Large holders (100+ BTC) continue accumulating during price weakness - USDt issuance remains steady at 250-300M daily with minimal burns The data shows a divergence between retail behaviour (selling) and institutional activity (accumulating). While whale accumulation can stabilise price, sustained upside typically requires increased retail spot demand rather than leverage-driven spikes. This accumulation pattern, combined with persistent stablecoin creation, indicates larger players are positioning for potential future moves while retail traders remain cautious.
Bitfinex Eliminates Sub-Accounts for Security Tokens

Bitfinex Securities has removed the requirement for separate sub-accounts to manage security tokens. Users can now view and manage their tokenized assets directly within their primary Bitfinex account, alongside their digital assets. **Key changes:** - No separate Securities sub-account needed - Security tokens visible in main account - No additional transfers required between accounts The update simplifies the user experience for managing tokenized securities on the platform.
Bitcoin Surges 12% as Short Squeeze Triggers $588M in Liquidations

**Bitcoin reclaimed $65k with a 12.2% jump**, driven initially by spot buying before triggering a cascade of forced liquidations. **Key developments:** - Spot demand initiated the move upward - Short liquidations totaled $588M as positions were forced to close - Price recovered to range lows near $65k **What matters next:** The sustainability of this rally depends on whether genuine spot buying continues after the squeeze completes. Without sustained demand, the bounce risks becoming another lower high in a fragile market structure. This follows weeks of downside pressure, including the largest single-day drop in 3+ years and liquidations exceeding $2.6B during the broader selloff.
Bitfinex Maintains Zero Trading Fees Across All Products

**Bitfinex continues its zero-fee trading model across all products.** The platform emphasizes that trading fees compound over time through repeated transactions. On Bitfinex, fees remain at zero regardless of trade size鈥攚hether $5,000, $500,000, or $5 million. **Key points:** - Zero maker and taker fees across spot, margin, and derivatives - No fees on any trade size - Single account with consistent execution standards - All profits remain in trader's PnL without fee deductions The zero-fee structure applies uniformly across the platform's trading products.
El Zonte: How a Small Salvadoran Town Built a Working Bitcoin Economy
The Bitfinex Financial Freedom Tour visited **El Zonte**, a coastal town in El Salvador that developed one of the world's first functioning circular Bitcoin economies. **Key developments:** - Local residents use Bitcoin for everyday transactions and payments - The economy was built through grassroots education and community trust - El Zonte demonstrates practical Bitcoin adoption beyond speculation This follows the tour's previous stop at Universidad Tecnol贸gica de El Salvador, where Bitcoin is being integrated into academic curriculum. The initiative showcases how smaller communities are leading real-world cryptocurrency adoption through education and practical implementation. [Watch the tour](https://youtu.be/CJBVcXCE6bE)