News

On June 12, a U.S. appeals court extended a lower court's injunction regarding Trump's imposition of a 10% global tariff. The federal appeals court ruled that the government can enforce these tariffs while legal disputes are ongoing. The court stated that allowing the tariffs to continue temporarily is 'well justified.' The ruling affects three importers, including two small businesses and the state of Washington, which paid tariffs for purchases made by the University of Washington. Trump imposed these tariffs in February under Section 122 of the Trade Act of 1974, after the U.S. Supreme Court overturned his previous tariffs imposed under the International Emergency Economic Powers Act. However, in May, a divided panel of the U.S. International Trade Court ruled that the tariffs imposed under Section 122 were also invalid, leading to a new round of appeals that may likely be submitted to the Supreme Court again. (Jinshi)

BlockBeats News, June 12th, SpaceX's IPO is tonight, and US space-related stocks staged a strong performance on Thursday, continuing to rise after hours, including: Virgin Galactic (SPCE) closed up 21.66% and further increased by 13.09% after hours;AST SpaceMobile (ASTS) closed up 11.73% and further increased by 6.46% after hours; Rocket Lab (RKLB) closed up 9.26% and further increased by 7.62% after hours;Destiny Tech100 (DXYZ), a closed-end fund containing SpaceX shares, closed up 9.53% and further increased by 7.32% after hours. SpaceX will go public today (Friday) after the US stock market opens, with an IPO price of $135 per share, a valuation of about $1.77 trillion, and the stock ticker symbol SPCX.

BlockBeats News, June 12th, according to OnchainLens monitoring, the whale 0x9cc further increased its long position in SPCX (SpaceX) by 2 times. Currently, it holds 100,580 SPCX, worth approximately $17.33 million, with an unrealized gain of about $676,000.