Trump Delays EU Tariffs; Dubai Tokenizes Real Estate; Crypto Security Breaches and Market Ripples

Trump Pushes EU Tariff Hike to July

President Donald Trump announced he will delay the implementation of a planned 50% tariff on European Union goods—originally set for June 1—to July 9, 2025, after a direct request from European Commission President Ursula von der Leyen. The postponement aims to ease transatlantic trade tensions and allow further negotiations on key market-access issues.

Dubai Launches Government-Led Real Estate Tokenization

Dubai’s Land Department (DLD), in partnership with Ctrl Alt, has kicked off the Middle East’s first government-backed project to tokenize real estate titles on the XRP Ledger. As part of its “Real Estate Strategy 2033,” Dubai aims to unlock a $16 billion tokenized property market, enabling faster title transfers, fractional ownership, and 24/7 global trading of property-backed digital assets.

New Ethereum Phishing Strain Exploits EIP-7702

Security firm Inferno Drainer has deployed a novel phishing campaign leveraging the recently activated EIP-7702 on Ethereum. By spoofing smart-contract auth flows, attackers have already siphoned off $150,000 in a single incident. Users are urged to update wallets and avoid unsolicited contract approvals until a patch is broadly adopted.

Bitcoin 2025 Conference Lineup Revealed

The organizers of Bitcoin 2025 in Las Vegas announced keynote speakers:

• U.S. Vice President J.D. Vance

• Silk Road founder Ross Ulbricht

• Eric Trump and Donald Trump Jr.

• MicroStrategy CEO Michael Saylor

• Senator Cynthia Lummis
  The event (May 27–29) will cover regulatory outlooks, scaling innovations, and institutional adoption strategies.

Coinbase Faces New Class Action Suit

Cryptocurrency exchange Coinbase is fighting a new class-action lawsuit after a stock price drop triggered by revelations of a user-data breach and alleged nondisclosure of a compliance issue with the U.K. regulator. The lawsuit underscores growing legal scrutiny over crypto platforms’ security and transparency practices.

Whale Closes $1 B Short with Mixed P&L

On Hyperliquid, a 40× leveraged whale unwound a $1 billion+ short on Bitcoin, realizing a $15.8 million loss yet maintaining over $25 million in net profit on the same address. The episode highlights both the dangers of extreme leverage and the underlying profitability that seasoned traders can extract in volatile markets.

U.S. CDS Spreads Reach Multi-Year Highs

Credit default swap (CDS) spreads on U.S. sovereign debt have widened to their widest levels since 2023 and rank among the top peaks since 2008—reflecting elevated fears of fiscal stress and potential rating downgrades amid ballooning deficits.

Japanese 30-Year Bond Yields Spike to Record

The 30-year Japanese Government Bond (JGB) yield surged by 100 basis points over the past 45 days to a historic 3.20%, triggered by the BOJ’s cessation of bond purchases. Consequently, roughly $500 billion of 40-year JGBs have slid over 20% in value in six weeks. Prime Minister Fumio Kishida warns Japan’s fiscal position is now “worse than Greece,” raising recession concerns.

Conclusion:
This week’s news spans high-level trade diplomacy, pioneering blockchain applications in real estate, sophisticated cyberattacks on Ethereum, and critical market indicators—from whale trade outcomes to sovereign credit and bond-yield signals. Stakeholders should monitor the July 9 tariff deadline, Dubai’s tokenization rollout, and central banks’ policy moves as catalysts for the next phase of crypto and global markets.