Trump reiterates tariffs on countries such as China and Europe BTC falls below $78,000
Reprinted from jinse
04/09/2025·1MHeadlines
▌Trump reiterates his position to impose tariffs on China, Europe and other countries
Trump posted on his social platform that the United States has a huge fiscal deficit against countries such as China and the EU. The only solution is to impose tariffs, which have now brought tens of billions of dollars in revenue to the United States. He criticized the widening trade deficit of the United States with the above countries during the Biden administration and promised to quickly reverse the situation, again emphasizing that tariffs are "very beautiful things" for the United States.
▌ BTC breaks through $78,000
The market shows that BTC broke through US$78,000 and is now at US$78,007.29. The 24-hour decline narrowed to 6.34%. The market fluctuates greatly, please do a good job in risk control.
Quotes
As of press time, according to Coingecko data:
BTC's recent transaction price is US$78,322.34, with an increase of -6.6% intraday;
ETH's latest transaction price is US$1,578.34, with an intraday increase and decrease of -12.9 % ;
BNB's recent transaction price is US$553.16, with an intraday increase and decrease of -6.7% ;
SOL's latest transaction price is US$105.40, with an intraday increase and decrease of -12.3 % ;
DOGE's recent transaction price is US$0.1484, with an intraday increase and decrease of -12.1 % ;
XPR's recent transaction price is US$1.92, with an intraday increase and decrease of -10.8 % .
policy
▌U.S. federal agencies must report encrypted positions to the Treasury Secretary, and the audit results may not be made public
Forbes reporter Eleanor Terrett posted on X platform that White House officials revealed that federal agencies need to report their cryptocurrency holdings to Treasury Secretary Scott Bessent before tomorrow (April 7 Eastern Time). However, the executive order only requires the report to be submitted to Bessent and does not force the disclosure of the audit results. It is not clear whether or when this information will be made public.
Blockchain application
▌ Vaulta cooperates with Virgo to launch VirgoPay, a cross-border remittance network based on stablecoins
Web3 banking operating system Vaulta and digital asset service provider Virgo announced a partnership to launch VirgoPay, a stablecoin cross-border remittance network, which is expected to be launched in May. The platform can shorten traditional transfer time from days to minutes, with processing fees up to 70%. Users can recharge through banking, wire transfer, encrypted wallets, etc., and choose a variety of fiat currencies to collect payments. The first phase of the service will cover the United States, Hong Kong, Canada, Argentina, Brazil and Australia, and the subsequent plan will be expanded to Southeast Asia and the Middle East markets.
Cryptocurrency
▌ 67,500 ETH giant whale positions were liquidated and caused further ETH to fall
According to on-chain analyst Ember Monitor, with this wave of decline, the 67,500 ETH ($105 million) lending position liquidation line at the $1,650 giant whale position was completely liquidated, which also helped boost the further decline of ETH. In fact, he added 2,160 ETH collateral at 1 a.m. to lower the liquidation line, but ETH fell all the way, and his ETH position was finally liquidated at 6 a.m. to pay off his 74.4 million DAI loan.
▌Two whales bought more than 30,000 ETH at dips
According to Onchain Lens monitoring, the two major addresses have recently purchased large amounts of ETH. Among them, the "7 Sibling" address spent $41.78 million to buy 25,092 ETH at an average price of $1,665; the other new wallet bought 4,983.56 ETH at an average price of $1,631.
▌ Conor McGregor failed to pre-sale of cryptocurrency, raising only $390,000
The cryptocurrency $REAL, jointly launched by MMA superstar Conor McGregor and Real World Gaming DAO, raised only $392,000 in pre-sale 28 hours, which failed to reach the minimum fundraising threshold of $1 million. The project declared a temporary failure and a full refund was made. Despite McGregor's vigorous publicity on social platforms, the currency was still coldly accepted by the market, reflecting the weakening of interest in celebrity endorsement projects in the crypto market, which is a time when the overall market is sluggish and the volume of memecoin trading shrinks.
Important economic trends
▌Trump : Has talked with Asian and European leaders about tariff issues. Markets sometimes have to take medicine
On Monday, as U.S. stock futures plunged, U.S. President Trump said he did not intentionally manipulate the market to sell off, and he had spoken about tariffs in European and Asian leaders. He also said he could not predict what would happen to the market. When asked about market performance, he said that sometimes the market must "take medicine".
▌U.S. Senate passes Republican budget blueprint to advance Trump 's tax cut agenda
The U.S. Senate passed a Republican budget blueprint last Saturday aiming to extend President Trump's 2017 tax cuts and significantly cut government spending. The Senate voted 51:48 to pass the "budget settlement" move, which would allow Republicans to bypass the filibusters that the Senate needs 60 votes to support, and could pass Trump's tax, border security and military priorities later this year without Democrats voted for. The bill will be submitted to the Republican-led House of Representatives, which is expected to be considered this week. Nonpartisan analysts say that if Trump's agenda is passed, it will add about $5.7 trillion in federal government debt over the next decade. Senate Republicans believe the measure costs $1.5 trillion and said the impact of extending existing tax policies that were scheduled to expire at the end of this year should not be included in the cost of the measure.
▌Musk publicly sarcastic US trade consultant: either it 's conceit or has a brain problem
According to a report by World News on April 5, Musk, a billionaire who served as head of the Trump administration's efficiency department, rarely publicly criticized people in the Trump administration's core circle when the tariff war caused a plunge in Wall Street stock market. Peter Navarro, a senior adviser to Trump's trade and manufacturing industry, tried to downplay market concerns caused by losses caused by tariff wars in the past two days on CNN on the 4th. Musk publicly mocked Navarro on his social platform X after Navarro insisted that tariffs would eventually win a good result. He responded to a post that mentioned that Navarro had a PhD in economics at Harvard University, saying: "Having a PhD in economics at Harvard is not a good thing, but a bad thing. It leads to conceit or a problem with his brain." One user responded that Navarro was "correct", while Musk replied: He "has nothing achieved."
▌Former U.S. Treasury Secretary approves tariff policy: the largest self-harm wound ever
It was learned on April 6 local time that after Hasset, director of the White House National Economic Commission, made remarks that "tariffs will lead to a decline in US consumer prices" on the same day, former US Treasury Secretary Lawrence Summers said that he did not agree with Hassett's statement. He believes that US President Trump's tariff policy is the biggest self-harm wound to the US economy in history. Summers said tariffs will lead to higher prices, aggravate inflation, thereby reducing people's consumption capacity, and also reducing employment opportunities. On April 2, US President Trump signed an executive order on so-called "reciprocal tariffs" at the White House, announcing that the United States imposes a 10% "minimum benchmark tariff" on trading partners and imposes higher tariffs on some trading partners. The US government's move has been opposed and criticized by many parties around the world.
▌Spot gold fell below $3,000
Spot gold fell below $3,000 per ounce for the first time since March 21, down 1.28% intraday.
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 the integrity of data and network security.
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