The US government has already returned about $100 billion in tariffs collected under the International Emergency Economic Powers Act, according to a UPI report and court filings from US Customs and Border Protection. That figure accounts for roughly 60% of the estimated $166 billion in "Liberation Day" tariffs imposed by the Trump administration in 2025. CBP said more than 330,000 importers paid the duties, covering over 53 million customs entries. Refunds are being processed through the CAPE system, and the agency has received more than 250,000 refund claims so far. It added that the total value of potential and approved refunds still in processing stands at about $129 billion. The refunds stem from a 6-3 Supreme Court ruling in February, which found that IEEPA allows the executive branch to regulate trade during emergencies but does not give it the power to levy tariffs. The court said taxing authority under Article I of the US Constitution belongs to Congress. The Trump administration’s 10% tariffs on most countries exporting to the US, announced in April 2025, were based on IEEPA. After losing the case, the administration moved to impose new tariffs on global goods under different legal authorities.

Bitget UEX’s latest market note said easing tensions between the United States and Iran helped push crude prices sharply lower, cooling some of the inflation and rate-hike concerns that had built up during the previous oil rally. The report said the shift improved risk appetite across markets, with crypto recovering alongside other risk assets. BTC traded around $65,195 and ETH around $1,974, while total crypto market capitalization rose to roughly $2.31 trillion. In liquidation data, 24-hour liquidations reached about $213 million, including $160 million in short liquidations. The note also reviewed a mixed close in US equities last Friday. The Dow and S&P 500 ended slightly higher, while the Nasdaq slipped, reflecting continued pressure on technology shares. Apple rose 3.53%, while Nvidia, Amazon, Meta and Tesla fell. Sector performance was uneven as semiconductor, memory and optical communications names sold off, while some software stocks outperformed. Looking ahead, the report highlighted this week’s major macro events, including the Federal Reserve’s rate decision, US core PCE and GDP data, along with earnings from Apple, Meta, Amazon, Microsoft, Qualcomm and SK Hynix.

French President Macron accused the Trump administration of seeking to dismantle the EU, urging European leaders to stand firm against tariff threats and digital regulation conflicts ahead of this week's EU summit.

Digital asset investment products posted $187 million in outflows last week, while Bitcoin alone saw $264 million leave. XRP, Solana, and Ethereum attracted fresh inflows, and ETP trading volume climbed to a record $63.1 billion.

US Trade Representative Greer outlined replacement tariffs, partner consultations, and legal trade tools still available to Washington. The comments coincided with Bitcoin rebounding to $66,000.

Bitcoin rose about 2% and briefly tested $68,000 after a US Supreme Court ruling on tariffs, but the move faded within minutes as traders stayed cautious around macro-driven volatility.

A US court ruling on tariffs added fresh uncertainty to global trade talks, while Bitcoin fell through several support levels. ETF outflows, Vitalik Buterin’s ETH sales, and legal action tied to the LUNA collapse added to market stress.

Binance co-CEO Richard Teng addressed the historic Oct 11 crypto liquidation at Consensus Hong Kong, attributing the $19B crash to macro shocks from China's rare-earth controls and US tariffs, not Binance alone. He noted retail confidence is waning but institutional inflows remain strong.