💥Russia Air Attack On Ukraine

☀️Good morning. It's Monday, May. 26, and we're covering,Trump Delays 50% Tariffs On EU Until July 9 After Call With Von der Leyen, Zoox Issues Second Robotaxi Software Recall After E-Scooter Collision, Russia Launches War’s Largest Air Attack On Ukraine, Killing At Least 12, and much more. First time reading? Sign up to get this newsletter: Sign up here. 

We always Listen and respond to questions and feedback, email us at [email protected]

MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $3.46 Trillion, a 2.07% increase in the last 24 hours.

• The total crypto market volume over the last 24 hours is $104.05B, which makes a 8.42% increase.

• The total volume in Defi is currently $34.24B, 32.91% of the total crypto market 24-hours.

• The volume of all stablecoins is now $98.89B, which is 95.04% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 63.24%, an increase of 0.04% over the day.

Bitcoin Rebounds To $110K As Trump Delays EU Tariffs; ADA And DOGE Lead Crypto Gains

After a weekend sell-off triggered by President Trump’s tariff threats on the EU, Bitcoin has clawed its way back to just under $110,000, buoyed by a temporary easing in trade tensions. Trump delayed the 50% tariff decision until July 9, helping U.S. and European index futures rebound. Cardano (ADA) and Dogecoin (DOGE) led gains among major altcoins, both up around 3%, as global risk appetite returned. (Read Deeper)

BUSINESS & FINANCE

Trump Delays 50% Tariffs On EU Until July 9 After Call With Von der Leyen

President Donald Trump announced Sunday that he is postponing the implementation of a 50% tariff on European Union goods until July 9, following a request from EU Commission President Ursula von der Leyen. Trump had previously threatened to raise tariffs from the current 10% to 50% on June 1, citing stalled trade talks. The EU had asked for more time to finalize a deal, and Trump said it was his "privilege" to grant the extension after a phone call with von der Leyen, who emphasized that the EU-US relationship is critical to global trade.

Why It Matters: A 50% tariff would hurt transatlantic supply chains and EU exports, notably in autos and agriculture. Trump continues his “reciprocal tariffs” strategy, raising questions about future U.S. trade stability. Potential for a last-minute deal, but outcome remains highly uncertain. (Read Deeper)

Apple Supplier Stocks Drop In China After Trump’s iPhone Tariff Threat

Shares of Apple’s China-based suppliers fell on Monday after Donald Trump threatened new tariffs on iPhones not made in the U.S. Trump said he could impose a 25% tax on imported iPhones, targeting Apple as part of a broader push to re-shore U.S. manufacturing jobs. Key suppliers like Luxshare (–2.2%), Lens Technology (–1.8%), and Goertek (–1.1%) all declined on the news. The warning follows earlier threats of a 50% tariff on EU imports, stoking fears of a renewed trade war.

Why It Matters: Trump’s threats are already shaking global supply chains and investor confidence. Apple faces mounting pressure to diversify production away from China. Apple, already planning to shift production to India by 2026, is unlikely to bring manufacturing to the U.S. soon. (Read Deeper)

TECHNOLOGY & SCIENCE

Zoox Issues Second Robotaxi Software Recall After E-Scooter Collision

Amazon-owned Zoox has issued its second voluntary software recall in a month following a collision between one of its autonomous vehicles and an e-scooter rider in San Francisco on May 8. The robotaxi was unoccupied and reportedly braked to yield at an intersection before being struck by the scooter. The e-scooterist declined medical treatment for minor injuries. The incident echoes safety concerns from a separate Las Vegas crash in April, which also prompted a recall due to Zoox’s software failing to reliably predict other road users’ movements.

Why It Matters: Zoox is under pressure to prove its tech is road-safe, especially after Cruise’s high-profile failures. Recalls hint at underlying systemic issues with AVs in real-world conditions. Zoox has shared footage and data with regulators but has yet to confirm how many vehicles are affected by this new recall. (Read Deeper)

China And Russia To Build Nuclear Power Plant On The Moon By 2036

China and Russia have signed a new deal to jointly build a nuclear power plant on the Moon by 2036 to power their upcoming International Lunar Research Station (ILRS). The station, which will be located at the Moon’s south pole, is planned as a permanent, potentially manned outpost and has already attracted 17 partner countries, including Egypt, Pakistan, and South Africa. The plant will reportedly be built autonomously without human presence, according to Roscosmos chief Yury Borisov. The ILRS will test technologies for long-term uncrewed operations and, eventually, human habitation.

Why It Matters: China and Russia are positioning themselves to lead lunar exploration and infrastructure, shifting the balance of space power. The use of nuclear power on the Moon introduces questions of technology, safety, and long-term space colonization strategies. The ILRS marks a direct challenge to NASA’s Artemis program, which is currently delayed. (Read Deeper)

AROUND DE WORLD & POLITICS

Russia Launches War’s Largest Air Attack On Ukraine, Killing At Least 12

Russia launched 367 drones and missiles in a massive overnight assault on Kyiv and other Ukrainian cities — the largest aerial attack of the war so far. At least 12 people were killed, including three children in Zhytomyr, with hundreds more injured or displaced across cities like Kharkiv, Mykolaiv, and Ternopil. U.S. President Donald Trump condemned Putin's actions, saying he's considering more sanctions on Moscow but also criticized Ukrainian President Zelenskiy.

Why It Matters: While Ukraine and allies are pushing for a 30-day ceasefire, the attack undercut peace efforts, with Trump earlier refusing to impose further penalties on Russia for its non-compliance. Global pressure needed to prevent escalation and protect civilian lives. (Read Deeper)

Thousands Honor George Floyd On Fifth Anniversary Of His Death

Across the U.S., thousands gathered to commemorate the fifth anniversary of George Floyd’s killing by police, with major events held in Minneapolis, where he died, and Houston, where he was raised and buried. Family members, civil rights leaders, and activists participated in ceremonies, including a memorial service led by Rev. Al Sharpton and the annual Rise and Remember Festival at George Floyd Square. Floyd’s murder in 2020 by officer Derek Chauvin sparked a global reckoning on racism and police brutality. Yet, five years later, many believe the momentum for reform is fading.

Takeaways: Commemorations reflect the enduring impact of Floyd’s death, but also the fragility of reform progress. Public support for Black Lives Matter has dropped 15% since 2020, underscoring shifting national attitudes. Rollbacks on DEI and federal police reform agreements suggest the country may be moving away from the promises of racial justice made five years ago. ( Read Deeper )

ENTERTAINMENT & SPORTS

Aston Villa File Complaint Over Ref Error That Cost Champions League Spot

Aston Villa have lodged an official complaint with PGMOL after referee Thomas Bramall's early whistle disallowed a potential match-winning goal in their 2-0 loss to Manchester United, a mistake that may have cost Villa a £100 million Champions League place. Bramall admitted to blowing the whistle before the ball crossed the line, nullifying VAR’s ability to review the incident. Villa argue the issue lies not just with the error, but the appointment of an inexperienced referee to such a high-stakes fixture. (Read Deeper)

Ed Sheeran Shocks Fans With Surprise Set At BBC Festival

Festivalgoers at BBC Radio 1’s Big Weekend in Liverpool were treated to an unexpected performance by Ed Sheeran, who made a surprise appearance on the New Music Stage Saturday afternoon. Though unbilled, Sheeran said he chose the smaller stage because it had “the best energy.” The set marked his fifth time at the festival, and his first since 2022. While fans lucky enough to catch the intimate performance were ecstatic, many were left disappointed due to the limited capacity. (Read Deeper)

PODCAST(WHAT WE ARE LISTENING TO)

• How On Running Shoes Are Taking On Nike And Adidas: Swiss athletic footwear brand On is rapidly emerging as a formidable competitor to industry giants Nike and Adidas. (Listen)

EXTRA BREVITI

• France and Vietnam Ink Airbus, Satellite Deals Amid U.S. Trade Pressure. (Read More)

• Chinese EV leader BYD sent shockwaves through the market after announcing price cuts of up to 35% on 22 models, triggering a selloff in EV stocks on Monday. (Read More)

• Teddy Warner, 19, is on a mission to make robots more human, not with faces or voices, but with body language. (Read More)