Trump: Duty suspended tariffs and liquidated $587 million in the entire network in the past 24 hours

Reprinted from jinse

04/10/2025·1M

Headlines

▌ ******Trump: Tariffs are suspended because people are "a little

scared"**

U.S. President Trump said Wednesday that because people are "a little scared," he decided to suspend high tariffs on goods from dozens of trading partners within 90 days. Trump also told reporters that he believes a "fair deal" is reached between the United States and all countries. The stock market performed well. The record performance of the stock market should continue.

▌In the past 24 hours, the entire network was liquidated by US$587 million

According to Coinglass data, the entire network was liquidated in the past 24 hours, of which US$587 million were liquidated in the long position and US$213 million were liquidated in the short position and US$374 million were liquidated in the short position.

Quotes

As of press time, according to Coingecko data:

BTC's recent transaction price is US$82,970.81, up and down +8.5% intraday;

ETH's latest transaction price is US$1,661.15, with an intraday increase and decrease of +12.8 % ;

BNB's recent transaction price is US$582.23, with an intraday increase of +5.3% ;

SOL's latest transaction price is US$118.70, with an intraday increase and decrease of + 12.9 % ;

DOGE's recent transaction price is US$0.1607, with an intraday increase and decrease of +13.0 % ;

XPR's recent transaction price is US$2.05, with an intraday increase and decline of +14.4 % .

policy

▌U.S . House Hearing Promotion in Crypto Market Supervision Act

The U.S. House of Representatives held a hearing to discuss legislation on cryptocurrency market structure, marking an important step forward for the bill. Legislators debate the digital asset regulatory framework, aiming to establish clear rules for cryptocurrency exchanges and token issuance. The hearing paves the way for final legislation and may change the regulatory landscape of the US crypto industry. Bill supporters believe this will bring more certainty and investor protection to the market.

▌New York State Councilor proposes blockchain technology to protect the election system bill

New York State Rep. Clyde Vanel proposed Parliament Bill 7716 on April 8, 2025, proposing to use blockchain technology to protect voter records and election results. The bill has been forwarded to the Election Law Commission for consideration, requiring the New York State Election Commission to work with the Office of Information Technology Services to submit a research report within one year of its entry into force. This move aims to explore how the immutable and auditable characteristics of blockchain technology can enhance the security of the election system.

Blockchain application

▌ Ripple announces integration of stablecoin RLUSD into payment solutions Ripple Payments

According to official news, Ripple announced that Ripple USD (RLUSD) has been integrated into Ripple's payment solution Ripple Payments to further promote the utility and demand of the asset, including cross-border payment providers BKK Forex and iSend will use RLUSD directly. In addition, as a USD-denominated enterprise-grade stablecoin, RLUSD has a market value of nearly $250 million and a transaction volume hit about $10 billion.

Cryptocurrency

▌The rapid growth of tokenized funds is accompanied by red flags

Credit rating agency Moody's pointed out in a report on Wednesday that although the tokenization of funds has flourished, the accompanying serious venture investors cannot be ignored. Cristiano Ventricelli, vice president and senior analyst at Moody's Ratings, said that when evaluating tokenized funds, investors need to weigh their benefits with the risks brought by underlying technology, security, scalability and regulatory changes. Moody's mentioned that many fund managers lack experience in the early stages of the development of the tokenized market, have small teams and short performance, and there are risks of key figures, that is, excessive dependence on a few individuals, and the resignation of key executives or weak governance structure will shake the stability of the fund. Therefore, the fund team is urged to diversify their responsibilities and strengthen risk management. Blockchain disruption is another risk, stemming from technological novelty. Although smart contracts can improve operational efficiency, they are vulnerable to coding defects or malicious attacks.

▌Pakistan plans to use some of the remaining electricity for Bitcoin mining

Pakistan's Cryptocurrency Commission CEO Bilal Bin Saqib said Pakistan plans to allocate some of the remaining electricity to Bitcoin mining and artificial intelligence data centers, adding that talks have been held with several Bitcoin mining companies and the specific location of the mining will be determined based on the surplus power supply in a specific region.

▌Bitcoin may repeat the crash rebound pattern in 2020

According to CoinShares analysts, Bitcoin’s current trend may reappear in the 2020 crash rebound pattern. Bitcoin has fallen 30% from its late January highs amid a geopolitical shock caused by the tariff dispute, and net inflows of exchange-traded funds (ETFs) have fallen 10% from their peak. Analysts said that despite the current macroeconomic pressure and technical bearish signals, this downward trend is similar to 2020, when a strong rebound was driven by monetary policy shifts and investor optimism after a deep correction. Analysts believe that although the current challenges are different from those during the COVID-19 crisis, the fundamental dynamics are surprisingly similar.

Important economic trends

▌Feder expects a sharp drop in interest rate cuts

According to CME's "Federal Observation": The probability of the Fed keeping interest rates unchanged in May is 76.1%, and the probability of cutting interest rates by 25 basis points is 23.9%. The probability of the Federal Reserve keeping interest rates unchanged by June is 32.1%, the probability of a cumulative interest rate cut of 25 basis points is 54.1%, and the probability of a cumulative interest rate cut of 50 basis points is 13.8%.

▌Federal Kashkali: If tariffs are suspended, inflation impact is expected to weaken

Fed Kashkali: There was a dramatic change this afternoon. If the tariff suspension continues, the impact of inflation is expected to weaken. Tariffs may cause inflation and we need to monitor it. The threshold for interest rate cuts is still very high. The Fed prefers not to interfere in the market.

▌The three major U.S. stock indexes closed up collectively, and the Nasdaq hit its largest single-day gain since 2001

The three major U.S. stock indexes closed up sharply. The Dow Jones Industrial Average closed up 7.87%, its largest single-day gain since March 24, 2020. The S&P 500 closed up 9.52%, the largest single-day gain since October 28, 2008. The Nasdaq closed up 12.16%, the largest single-day increase since January 3, 2001 and the second largest increase in history. The Russell 2000 index closed up 8.66%, the largest single-day increase since March 24, 2020. Large technology stocks rose sharply, with Tesla rising more than 22%, Nvidia rising more than 18%, Apple rising more than 15%, Meta rising more than 14%, Amazon rising more than 11%, Microsoft rising more than 10%, and Google rising more than 9%.

▌Federal Meeting Minutes: The U.S. economy faces risks of high inflation and low growth

Fed policymakers almost unanimously agreed at last month's meeting that the U.S. economy faced the risk of rising inflation and slowing growth, with some policy makers pointing out that the Fed could face "hard trade-offs." The March 18-19 meeting follows the Trump administration’s initial tariff plan, which adds uncertainty about the economic outlook and leads attendees to a “cautious approach” that can choose to keep interest rates higher for longer if inflation persists, or if a weak economy requires more direct attention. “The participants evaluated that uncertainty in the economic outlook has increased, with almost all participants believing that inflation risks tend to rise and employment risks tend to fall.”

Golden Encyclopedia

▌What is an address poisoning attack in cryptocurrency?

Address poisoning attacks are malicious means used by attackers. Attackers can rerout traffic, interrupt services, or access sensitive data without authorization by inserting fake data or changing routing tables. These attacks exploit flaws in network protocols that seriously threaten data integrity and network security.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.