Important information last night this morning (April 3-April 4)
Reprinted from panewslab
04/04/2025·1M
QCP Capital analyzed that US President Trump announced a 10% tariff on all imported goods and imposed "reciprocal tariffs" on countries with large trade deficits, causing global trade tensions. Affected by this, the price of Bitcoin fell sharply from the high of $88,500 to $81,200, erasing the previous gains and causing extensive liquidation of the crypto market. Long positions over $221 million were closed, and BTC fell more than ETH. At the same time, U.S. stock futures also suffered a heavy blow, with S&P 500 futures falling 3.38%, and Nasdaq 100 futures falling 4.28%. Market focus is now turning to tonight's US non-farm employment report, and weak data may strengthen expectations of further rate cuts this year. Currently, the market expects four interest rate cuts in 2025, in June, July, September and December, with a rate cut of 25 basis points each time. The volatility of the options market remains high in the short term, and investors tend to buy downside protection, reflecting the uncertainty and cautious attitude of market sentiment. However, as risky assets are oversold, there may be a rebound opportunity in the short term.
BitMEX co-founder Arthur Hayes said global economic imbalances will be alleviated by printing money, which is good for the medium-term performance of Bitcoin and gold. He pointed out that the dollar is weakening, with foreign investors selling U.S. technology stocks and transferring funds back to their home countries, and suggested that China deal with tariff pressure by relaxing domestic credit flows overseas and allowing the RMB exchange rate to fall below 8.00. He predicted that the Fed may cut interest rates soon and restart quantitative easing to cope with the economic impact, and suggested that the Bank of Japan expand QE through a weak yen policy, pushing the US dollar against the yen exchange rate to above 160. He stressed the importance of being patient, flexible and liquid.
MEET48, the first AI-Agent and AIUGC creator and fan economic ecological community in the world of WEB3.0, announced the completion of a token round of financing. The FDV of the token round is valued at US$100 million. It is led by Fosun Group co-founders Liang Xinjun, Hash Global and HashKey Capital, and followed by Animoca, Infinity Labs, Promontory, Oak Grove and several Web3 professionals. The new funds will be used to support the development of their teams and develop related AI products. It is reported that the MEET48 ecological community will provide users with one-click customization of virtual idol AI Idol-Agent with independent interaction capabilities, realizing various functions such as chat, live broadcast, and virtual performances, and using the world's leading virtual music and dance vertical field AIGC technology to efficiently generate AI graphics, texts, songs, and dance content. At the same time, the community will also provide AI-specific creative tool AIShowBOX, which supports in-depth creation such as 3D image customization, intelligent choreography, etc., to help users automate operations and global communication Idol-Agent. MarsProtocol, a MEME development and launch platform supporting MEET48 community, will be launched on the BNB chain for the first time, providing a tokenized trading platform for MEME creators and providing an AI creator source for the entire ecological community. In addition, the AI-AGENT social dock of MEET48 ecological community, the AI-AGENT large-scale music and dance simulation games and the AI-AGENT large-scale casual games will also be launched one after another and the same governance token will be used for community incentives and management. The MEET48 ecological community advocates the concept of UGC content creation and popularity development supporting token value growth. Our goal is to provide users with a WEB3.0 benign development platform for content development to replace random hot topics and value investment replaces capital speculation.
Nearly $50 million SOL was unlocked 1 hour ago, $33.27 million has been transferred to CEX
According to Onchain Lens monitoring, 425,266 SOLs (worth approximately US$49.78 million) were unlocked an hour ago. Of these, 284,147 SOLs (worth approximately US$33.27 million) have been transferred to exchanges such as Binance, Kraken and Coinbase.
A whale sold 17.17 million IMX in 8 days, equivalent to about $9.67 million
According to Ember Monitor, IMX prices rose after the SEC concluded its investigation into Immutable. A whale or institutional account took advantage of the opportunity to sell 17.17 million IMX (approximately $9.67 million) in the past 8 days, with an average price of $0.56. After the investigation end news was announced, the account transferred IMX to the institutional brokerage platform FalconX, and then transferred from FalconX to Binance.
Coinbase applies to CFTC to launch XRP futures, expected to be launched on April 21
Coinbase Derivatives announced that it has submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) and plans to launch an XRP futures contract, which is officially expected to be launched on April 21, 2025.
PsyFi will close all services on May 1, including PsyLend and Vaults
According to the official news of PsyFi, a provider of Solana's ecological financial instruments product, PsyFi (including PsyLend and Vaults) will close all front-end and back-end services on May 1, 2025 and stop platform support. Currently, the platform has entered the cash withdrawal mode only. The official reminder for users to complete the withdrawal of funds before this date to ensure asset security. In addition, PsyFi said that it may share contract addresses and IDLs in the future for users in need to interact directly with smart contracts.
Circle added $250 million USDC to Solana 5 hours ago
According to Onchain Lens, Circle added $250 million USDC to the Solana blockchain five hours ago. As of now, Circle has minted a total of US$11.75 billion in Solana in 2025.
JPMorgan raises global recession forecasts to 60% this year
JPMorgan chief economist Bruce Casman warned that if the tariffs implemented by the Trump administration continue, it could push the U.S. and global economies into recession by 2025. He noted that the risk of a global recession has risen from 40% to 60% this year. Casman said the tariffs were the largest hikes on U.S. households and businesses since 1968, and the impact could be amplified by retaliation measures, worsening business sentiment and supply chain disruptions.
Coinbase International Station will launch NIL, VINE, GUNZ and EDGE perpetual contracts
According to the Coinbase International Exchange announcement, it will launch perpetual contract transactions for four projects, NIL, VINE, GUNZ and Definitive, on the international site and Advanced platform from 9:30 UTC time on April 10, 2025, with the codes NIL-PERP, VINE-PERP, GUN-PERP and EDGE-PERP respectively.
The S&P 500 is down 4.1%, while the Nasdaq's decline once widened to 5.8%
The Nasdaq index's decline once widened to 5.8%, which is expected to hit its biggest single-day decline since March 2020. The S&P 500 is now down 4.1%, which is expected to hit its biggest single-day decline since September 2022.
According to CoinDesk, Ethereum developers have officially set the online time of Pectra upgrade main network to May 7, 2025. The upgrade is the largest system update since March 2024, with 11 improvement proposals (EIPs), focusing on wallet contract functionality (improving ease of use and recovery) and EIP-7251 (upgrades the cap of single node stakeability from 32 ETH to 2048 ETH). The upgrade has been successfully run on the Hoodi test network.
WisdomTree Connect expands to multi-chain network and launches 13 institutional-level RWA funds
According to Blockworks, asset management agency WisdomTree has expanded its RWA platform WisdomTree Connect to EVM compatible chains such as Base, Arbitrum, Avalanche and Optimism, and has launched 13 institutional tokenized funds, including stock index, fixed income and asset allocation funds. The platform uses soulbound NFT for wallet marking to realize on-chain point-to-point transmission. The current market value of WTGXX money market fund is US$108 million.
SEC Chairman nominee Paul Atkins voted to pass by Senate Banking Committee
According to Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) chairman nominee Paul Atkins has been voted by the Senate Banking Committee and will be submitted to the entire Senate for confirmation next. No Democratic member supported the nomination in the vote.
According to CoinDesk, the cross-chain interoperability protocol Hyperlane will airdrop token $HYPER on April 22, with 57% of the total supply allocated to community users, and the team, investors and foundations will be allocated 25%, 10.9% and 7.1% respectively. The community airdrop part will be fully unlocked, while the team and investor tokens will be locked for 12 months. Users must check the qualifications through the official portal before April 13.
According to The Miner Mag, Cango announced that it would sell its Chinese auto finance business to Ursalpha Digital Limited, which is associated with Bitmain's Antalpha, for US$352 million, to fully transform into a Bitcoin mining company. The transaction includes a $210.6 million advance payment, with the remaining installments being paid on tax and risk adjustments. Cango produced 530 BTC in March, with a position of 2,475 and a computing power of 29.13 EH/s, ranking among the top five listed mining companies in the world.
According to the announcement of MARA Holdings, a total of 242 blocks were dug out in March 2025, an increase of 17% month-on-month, with an average daily BTC output of 26.8 pieces and a cumulative output of 829 pieces of BTC. The company's total BTC holdings increased to 47,531. MARA said that its self-operated mining pool MARAPool has "lucky value" exceeded the network's average by more than 10%, increasing block revenue. At the same time, MARA is expected to complete the construction of a 40MW data center in Ohio by the end of April and continue to expand its clean energy and computing power layout.
Brazil's largest bank Itaú Unibanco is considering issuing stablecoins
According to CoinDesk, Brazil's largest bank Itaú Unibanco is considering issuing its own stablecoins. The decision will depend on the final setting of the Brazilian central bank's stablecoin rules and the success of the issuance of stablecoins in the US financial institutions. Antunes, head of digital assets at Itaú, said stablecoins are “an issue on the bank’s agenda” and focused on the potential of blockchain in atomic settlement. Brazilian regulators are currently conducting public consultation on stablecoin regulation (Consulta Pública No.111).
StakeStone starts STO token airdrop, and the application period is 30 days
According to StakeStone's announcement, the STO token airdrop was officially launched at 19:00 on April 3 for 30 days.
U.S. House Financial Services Committee passes the Anti-CBDC Monitoring National Act (HR 1919)
The U.S. House Financial Services Committee passed the Anti-CBDC Surveillance National Act (HR 1919) with 27 votes in favor and 22 votes against. The bill, introduced by Tom Emmer, the House Majority Whip, aims to ban the Fed from issuing Central Bank Digital Currencies (CBDCs) and prevent it from directly providing financial services to individuals or using CBDCs to implement monetary policies.
Babylon will airdrop 600 million BABY to early supporters without manual application
According to the Babylon Foundation announcement, a total of 600 million BABY will be airdropped to the first-stage stakeholders, Finality Providers, Pioneer Pass NFT holders and GitHub contributors, accounting for 6% of the total supply. The reward will be directly distributed to the registered address after the main network is started, and no user application is required. Those who have not signed an airdrop agreement can receive it by signing a contract after it is launched. Token economics shows that Babylon Genesis will be launched as the first Bitcoin security network (BSN), with a total of 10 billion native tokens, mainly used for transaction fees, on-chain governance and secure staking. Babylon adopts the dual staking model of BTC and BABY, which is also a Gas fee token and governance token. In terms of distribution, private equity investors account for 30.5%, teams account for 15%, community incentives and ecological construction account for 15% and 18% respectively. Tokens have an inflation mechanism, and the inflation rate is adjusted by governance.
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