1.Outlier Ventures: Current status of stablecoin development in 2025

The market value of USD stablecoins exceeded US$220 billion, accounting for 1% of the US money supply. With the U.S. stablecoin legislation about to allow new issuing entities such as banks, fintech companies, enterprises and governments to enter, the market is approaching a turning point that will completely change the competitive landscape, distribution model and industry innovation. More importantly, the underlying business model of stablecoin issuers provides the U.S. government with innovative opportunities: expanding the short-term debt buyer base through financial engineering and expanding the global influence of the dollar with the help of digital currencies. Click to read

2. The full text of the latest speech by Trump's think tank: The essence

of the United States' "reciprocal tariffs"

Note: Since Trump took office again, he has introduced a series of incredible economic policies, especially the "reciprocal tariff" measures to impose tariffs on most countries around the world announced on April 2. According to market rumors, these policies are all from the thought economist Stefen Miran, who is now chairman of the White House Economic Advisory Committee. In November 2024, Stefen Miran wrote a so-called "Milan Report": "User Guide to Reconstructing the Global Trade System". The report is considered to be the behind-the-scenes theoretical guidance of a series of Trump's economic policies. On April 7, 2025, the official website of the White House published Stefen Miran’s latest speech at a recent event, which seemed to defend Trump’s “reciprocal tariffs.” Click to read

3. Trump's ultimate ambition

At 2 a.m., the US officially announced that tariffs on China would be raised to 104%, and would take effect immediately. 104%, basically hard decoupling, and the short-term pressure is extremely huge. You can refer to the situation when masks are banned. Prices in the United States soared, and the government was forced to use helicopters to directly spread money to the public... So the news came out that the US stock market, which had originally risen sharply, immediately fell sharply, and US bonds also fluctuated violently, with 30-year treasury bond interest rates rising by 10 BP. Who is reducing holdings? it goes without saying. Click to read

4. Review the Fed's 10-year interest rate cycle: Where will Bitcoin go

under the deduction of three paths?

In the past decade (about 2015-2025), the Federal Reserve has experienced a complete cycle of interest rate hikes, interest rate cuts, interest rate hikes and further pauses. After sorting out this history, we found that the turning point of Bitcoin price has a playful relationship with the Fed's policy nodes, especially the "early response" phenomenon expected by the market. Click to read

5. From eggs to iPhone: An unprecedented tariff war to slaughter middle-

class wallets

A tariff policy that is indiscriminately attacked triggered a global domino reaction, and US President Donald Trump informed the world in this way on his 100th day of his office: He is back. On April 3, Trump announced the US "reciprocal tariff" rate, involving more than 180 countries and regions. China, the EU, Vietnam, Taiwan, Japan, and India are among the top five of the "reciprocal tariffs" list. They are not the countries with the highest tax rates among the reciprocal tariffs, but they are still at the top of the list. This shows where Trump intends this round of US tariff stick. Click to read