Headlines
▌US and UK Reach Trade Agreement, Details Still to Be Finalized
Trump announced at the White House that the US and UK have reached a new trade agreement, partially rolling back tariffs in specific areas and further expanding market access for products from both sides. According to White House documents, the first 100,000 cars exported from the UK to the US annually will be taxed at an additional 10% tariff rate, with amounts exceeding that taxed at 25%. The UK will reduce or eliminate non-tariff barriers and expand market access for US beef, ethanol, grains, and some industrial products. The UK government stated that tariffs on steel and aluminum exports to the US will be canceled. Car import tariffs will be reduced from 27.5% to 10%. Additionally, agricultural products will have zero tariffs within certain quotas. The US will maintain the previously imposed 10% "reciprocal tariff" on trade partners. (Xinhua News Agency)
▌BTC Breaks Through $104,000
Market data shows BTC breaking through $104,000, currently trading at $104,000.91, with a 24-hour increase of 7.37%. Market volatility is significant, so risk management is advised.
Market
According to Coingecko data at the time of writing:
BTC last traded at $103,043, with a daily change of +6.1%;
ETH last traded at $2,189.20, with a daily change of +20.6%;
BNB last traded at $627.24, with a daily change of +4.0%;
SOL last traded at $163.72, with a daily change of +11.0%;
DOGE last traded at $0.1959, with a daily change of +13.7%;
XRP last traded at $2.31, with a daily change of +8.6%.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and translating all text while preserving any HTML tags.]MARA and CleanSpark's first-quarter revenues increased by 30% and 63% year-on-year, with MARA reaching $214 million and CleanSpark reaching $182 million. However, both companies recorded net losses, with MARA losing $533 million and CleanSpark losing $139 million. MARA Chairman and CEO Fred Thiel stated in a letter to shareholders: "We will maintain discipline in our expansion methods and locations to maximize profitability." CleanSpark CEO Zach Bradford said: "CleanSpark is doubling down and remains the only publicly traded company still committed to pure Bitcoin mining."
▌Trump's post about "advancing XRP and other crypto reserves" was driven by a lobbyist, which made him furious after learning about it
On March 2, Trump posted on Truth Social about "advancing a cryptocurrency strategic reserve including XRP, SOL, and ADA". A few hours later, Trump felt he was being fooled and became furious, ordering Brian Ballard to be placed on the White House "blacklist". At the time, Trump was attending a donation event at Mar-a-Lago, and an employee of the well-known lobbying firm Ballard Partners repeatedly lobbied the president in person, strongly advocating for Trump to publicly support the crypto industry. The lobbyist not only personally handed Trump a draft speech template but also repeatedly emphasized the importance of promoting the industry. Trump later realized that Ripple Labs, the company behind XRP mentioned in the tweet, was a client of Ballard Partners.
The lobbying company Ballard Partners is operated by American political lobbyist Brian Ballard, who is known for his close relationship with Trump and was considered an "insider" in the Trump administration. Minutes after the president's post, White House Crypto and AI Director David Sacks became furious and immediately called Chief of Staff Susie Wiles to protest. Trump also directly stated in an internal meeting that Ballard should "never try to get involved in anything again", and White House staff were instructed not to meet with Brian Ballard.
Despite being internally blacklisted, Ballard still received an invitation to a Trump fundraising event and successfully arranged a meeting between an NFL executive and the president, proving that Ballard has not completely lost contact with the White House.
Important Economic Developments
▌US stock indices rise together, with crypto concept stocks strengthening
On Thursday's stock market close, the Dow Jones initially rose 0.6%, the S&P 500 rose 0.58%, and the Nasdaq rose 1.07%. Cryptocurrency concept stocks led the market, with Canaan (CAN.O) rising nearly 9%, Robinhood (HOOD.O) rising 8%, and MicroStrategy (MSTR.O) rising over 5%. Alphabet A (GOOGL.O) rose nearly 2%, and Tesla (TSLA.O) rose 3%.
▌83.5% probability of Fed maintaining interest rates in June
According to CME "Fed Watch": The probability of the Federal Reserve maintaining interest rates in June is 83.5%, with a 16.5% probability of a 25 basis point rate cut. The probability of maintaining interest rates in July is 29.1%, with a 60.1% probability of a cumulative 25 basis point rate cut, and a 10.7% probability of a cumulative 50 basis point rate cut.
Jinse Encyclopedia
▌What is Artificial General Intelligence
Unlike narrow artificial intelligence (ANI) (using AI to solve a single problem), Artificial General Intelligence (AGI) refers to AI that can understand, learn, and apply knowledge in a way that is difficult to distinguish from human cognition. AGI is still in the theoretical stage, but the prospect of AI completely replacing human input and judgment naturally attracts widespread attention. Researchers, technology experts, and scholars are working to turn the concept of AGI into reality.
Disclaimer: Jinse Finance, as a blockchain information platform, provides article content for information reference only and does not constitute actual investment advice. Please establish a correct investment concept and be sure to improve risk awareness.
