QCP Capital analyzed that U.S. President Trump announced a 10% tariff on all imported goods and "reciprocal tariffs" for countries with large trade deficits, triggering global trade tensions. Affected by this, BTC price plummeted from $88,500 to $81,200, erasing previous gains and causing widespread liquidation in the crypto market, with over $221 million in long positions closed out, and BTC falling more than ETH. Simultaneously, U.S. stock futures were hit hard, with S&P 500 futures dropping 3.38% and Nasdaq 100 futures sliding 4.28%. Market focus now shifts to tonight's U.S. Non-Farm Employment Report, with soft data potentially strengthening expectations of further Fed rate cuts this year. Currently, the market anticipates four rate cuts in 2025, in June, July, September, and December, each by 25 basis points. Short-term options market volatility remains high, with investors preferring downside protection, reflecting market uncertainty and caution. However, with risk assets oversold, there may be a short-term rebound opportunity.
BitMEX co-founder Arthur Hayes stated that global economic imbalance will be alleviated through money printing, which is favorable for Bitcoin and gold's medium-term performance. He noted the U.S. dollar is weakening, with foreign investors selling U.S. tech stocks and repatriating funds, and suggested China counter tariff pressure by loosening domestic credit outflow and letting the RMB exchange rate drop below 8.00. He predicts the Fed might soon cut rates and restart quantitative easing to address economic impacts, and advises the Bank of Japan to expand QE through a weak yen policy, pushing USD/JPY exchange rate above 160. He emphasized the importance of patience, flexibility, and liquidity.
The global Web3.0 first AI-Agent and AIUGC creator and fan economy ecosystem MEET48 announced completion of token round financing, with a token round FDV valuation of $100 million, led by Fosun Group co-founder Liang Xinjun, Hash Global, and Hashkey Capital, with follow-on investments from Animoca, Infinity Labs, Promontory, Oak Grove, and multiple Web3 professionals. New funds will support team development and AI product development. MEET48 ecosystem will provide users with one-click customization of interactive virtual idol AI Idol-Agent, enabling chat, live streaming, virtual performances, and using leading AIGC technology in virtual music and dance to efficiently generate AI text, songs, and dance content. The community will also offer AI creation tool AIShowBOX, supporting 3D character customization and intelligent choreography. The MEME cultivation and launch platform MarsProtocol will debut on BNB Chain, providing a tokenized trading platform for MEME creators. Additionally, MEET48's metaverse, AI-AGENT music and dance simulation game, and large-scale casual game will launch using the same governance token for community incentives. MEET48 advocates UGC content creation and popularity cultivation with token value growth, aiming to provide users with a Web3.0 platform for content cultivation and value investment.
According to Onchain Lens, 425,266 SOL (worth approximately $49.78 million) was unlocked an hour ago. Among these, 284,147 SOL (worth approximately $33.27 million) has been transferred to exchanges like Binance, Kraken, and Coinbase.
According to Ember monitoring, after the SEC concluded its investigation into Immutable, IMX price rose. A whale or institutional account sold 17.17 million IMX (approximately $9.67 million) over the past 8 days, at an average price of $0.56. The account transferred IMX to institutional brokerage platform FalconX after the investigation conclusion news, then transferred from FalconX to Binance.
Coinbase Derivatives announced it has submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to launch XRP futures contracts, with an official expected launch date of April 21, 2025.
According to official information from Solana ecosystem financial tool provider PsyFi, PsyFi (including PsyLend and Vaults) will close all front-end and back-end services and stop platform support on May 1, 2025. The platform is currently in withdrawal-only mode, with officials reminding users to withdraw funds before this date to ensure asset safety. PsyFi also stated they may share contract addresses and IDL in the future for users who want to interact directly with smart contracts.
According to Onchain Lens, Circle minted $250 million USDC on the Solana blockchain 5 hours ago. So far, Circle has cumulatively minted $11.75 billion USDC on Solana in 2025.
JPMorgan's chief economist Bruce Cashman warned that if Trump administration's tariff policies persist, it could push the U.S. and global economy into recession in 2025. He noted that the global economic recession risk has risen from 40% to 60% this year. Cashman stated these tariffs are the largest tax on U.S. households and businesses since 1968, with potential impacts amplified by retaliatory measures, deteriorating business sentiment, and supply chain disruptions.
According to Coinbase International Exchange announcement, it will launch perpetual contract trading for NIL, VINE, GUNZ, and Definitive projects on its international and Advanced platforms starting from 9:30 UTC on April 10, 2025, with codes NIL-PERP, VINE-PERP, GUN-PERP, and EDGE-PERP respectively.
Nasdaq decline expanded to 5.8%, potentially creating the largest single-day drop since March 2020. S&P 500 index is currently down 4.1%, set to create the largest single-day drop since September 2022.
According to CoinDesk, Ethereum developers have officially set the Pectra upgrade mainnet launch date for May 7th, 2025. This upgrade is the largest system update since March 2024, including 11 improvement proposals (EIPs), focusing on wallet contract functions (enhancing usability and recoverability) and EIP-7251 (increasing the single-node staking limit from 32 ETH to 2048 ETH). The upgrade has been successfully run on the Hoodi testnet.
According to Blockworks, asset management firm WisdomTree has expanded its RWA platform WisdomTree Connect to EVM-compatible chains including Base, Arbitrum, Avalanche, and Optimism, while launching 13 tokenized funds for institutions, including stock indices, fixed income, and asset allocation funds. The platform uses soulbound NFT for wallet tagging, enabling point-to-point on-chain transmission. The WTGXX money market fund currently has a market value of $108 million.
According to Eleanor Terrett, SEC chairman nominee Paul Atkins has been approved by the Senate Banking Committee and will next be submitted for a full Senate vote. No Democratic members supported this nomination.
According to CoinDesk, cross-chain interoperability protocol Hyperlane will conduct a token $HYPER airdrop on April 22nd, with 57% of total supply allocated to community users, and 25%, 10.9%, and 7.1% allocated to team, investors, and foundation respectively. Community airdrop portion will be fully unlocked, while team and investor tokens will be locked for 12 months. Users need to check eligibility through the official portal before April 13th.
According to The Miner Mag, Cango announced selling its Chinese auto finance business to Ursalpha Digital Limited, associated with Bitmain's Antalpha, for $352 million, fully transitioning to a Bitcoin mining enterprise. The transaction includes a $210.6 million prepayment, with remaining installments subject to tax and risk adjustments. Cango produced 530 BTC in March, holding 2,475 BTC, with computing power of 29.13 EH/s, ranking among the top five listed mining companies globally.
According to MARA Holdings' announcement, 242 blocks were mined in March 2025, a 17% quarter-on-quarter increase, with an average daily BTC production of 26.8, cumulative BTC output of 829. The company's total BTC holdings increased to 47,531. MARA stated that its self-operated mining pool MARAPool has been over 10% luckier than the network average since launch, enhancing block rewards. Additionally, MARA expects to complete its 40MW data center in Ohio by late April, continuing to expand clean energy and computing power layout.
According to CoinDesk, Brazil's largest bank Itaú Unibanco is considering issuing its own stablecoin, with the decision dependent on the final stablecoin rules from Brazil's Central Bank and the success of US financial institutions' stablecoin issuance. Itaú's digital assets head Antunes stated that stablecoins are "on the agenda" and is focusing on blockchain's potential for atomic settlement. Currently, Brazilian regulators are conducting a public consultation (Consulta Pública No.111) on stablecoin regulation.
According to StakeStone's announcement, the STO token airdrop officially launched on April 3rd at 19:00, lasting 30 days.
The US House Financial Services Committee passed the 'Anti-CBDC Surveillance State Act' (H.R. 1919) with 27 votes in favor and 22 against. The bill, proposed by House Majority Whip Tom Emmer, aims to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) and prevent it from directly providing financial services to individuals or using CBDC to implement monetary policy.
According to Babylon Foundation's announcement, they will airdrop a total of 600 million BABY tokens to Phase 1 stakers, Finality Providers, Pioneer Pass NFT holders, and GitHub contributors, representing 6% of total supply. Rewards will be directly distributed to registered addresses after mainnet launch, with no user claiming required. Those who haven't signed the airdrop agreement can claim after launch by signing. Token economics reveal: Babylon Genesis will launch as the first Bitcoin Security Network (BSN), with a total of 10 billion BABY tokens, primarily used for transaction fees, on-chain governance, and security staking. Babylon adopts a dual staking model with BTC and BABY, with BABY also serving as gas fee and governance tokens. In terms of allocation, private investors hold 30.5%, team 15%, community incentives and ecosystem building 15% and 18% respectively. The token has an inflationary mechanism, with inflation rate adjustable through governance.
