merkel

ChainCatcher news, according to CCTV News, former German Chancellor Merkel, attending an event in Athens, Greece, on July 2 local time, stated that if the tariffs imposed by the Trump administration in the United States lead American citizens to pay more for goods, then Trump will also be affected.Merkel stated that the EU must stand united and should not be afraid when Trump imposes more tariffs on the EU, but should retaliate with its own tariffs. The EU must negotiate with the United States to resolve the tariff issue. U.S. President Trump has threatened that if there is no breakthrough in U.S.-EU trade negotiations by July 9, he will impose a 50% tariff on EU goods.Currently, the U.S. imposes a 50% tariff on EU steel and aluminum products, a 25% tariff on the automotive sector, and a 10% baseline tariff on almost all other goods.

ChainCatcher news, Kraken CEO Jesse Powell tweeted that a complete proof of reserves audit must include the total liabilities to customers, user-verifiable cryptographic proofs (indicating that each account is included in the total), and signatures proving the custodian's control over the wallets. "Merkle tree proof of reserves does not include total customer liabilities; otherwise, it is meaningless."Earlier reports indicated that Binance announced the launch of an asset reserve proof system, utilizing a Merkle tree data structure, which will push the transparency of user assets into a new process. At the initial launch, the system will provide proof of user BTC assets, with plans to gradually support more assets and networks in the coming weeks. (source link)