U.S. tariffs are implemented in a reciprocal way to end regulatory crackdown on crypto assets starting from April 2

Reprinted from jinse

03/08/2025·2M

Headlines

▌Trump : All tariffs will be implemented in a reciprocal manner from April 2

U.S. President Trump: suspend tariffs to help Mexico and Canada. Tariffs will be fully implemented in a reciprocal manner from April 2, and the tariffs may rise over time.

▌US Treasury Secretary: We will end the regulatory crackdown on crypto assets

"We will end the regulatory crackdown on digital assets, and the Biden administration's actions do nothing but punish innovators," Treasury Secretary Scott Bessent said at the White House crypto summit.

Quotes

As of press time, according to Coingecko data,

BTC's recent transaction price is US$86,509.54, with an intraday increase of +0.3% ;

ETH's latest transaction price is US$2,147.57, with an intraday increase and decline of +0.1% ;

BNB's recent transaction price is US$594.19, with an intraday increase of +1.3% ;

SOL's latest transaction price is US$140.17, with an intraday increase of +3.8% ;

DOGE's latest transaction price is US$0.2008, with an intraday increase and decline of +2.5% ;

XPR's recent transaction price is US$2.40, with an intraday increase and decrease of -0.7 % .

policy

▌The White House releases a statement on Trump 's establishment of strategic Bitcoin reserves and digital asset reserves

The White House has released a fact sheet on the strategic Bitcoin reserves and U.S. digital asset reserves established by President Trump today, details including: Strategic Bitcoin reserves will be created using Bitcoin confiscated in criminal or civil lawsuits. Bitcoin will be maintained as a reserve asset and will not be sold. The Ministry of Finance and Commerce can develop budget-neutral strategies to acquire additional Bitcoin. Establish U.S. digital asset reserves for other confiscated digital assets. The government will not purchase additional assets other than confiscated assets for digital asset reserves. All institutions are required to provide the Ministry of Finance with a complete accounting of digital assets. Position the United States as a leader in government digital asset strategy.

▌Trump : Administration 's crypto assets will be stored in a new U.S. digital asset library

U.S. President Trump said at the first White House cryptocurrency summit, "The federal government is already one of the largest holders of Bitcoin, and has obtained up to 200,000 bitcoins through civil law and various other laws and law enforcement actions. These assets now held will form the basis of the new reserves. Unfortunately, in recent years, most of the BTC has been sold during Biden's administration. Starting today, the United States will follow the very clear principle that never sells your bitcoin. The government is currently setting up a list of crypto assets, and the crypto assets held will be stored in a new U.S. digital asset library and managed properly. I also want to express my strong support for the efforts of lawmakers and Congress as they are making bills that provide regulatory certainty for the US dollar stablecoins and digital asset markets. They work very hard on this. This is a huge opportunity for economic growth and innovation in our financial sector."

▌White House Officials: Crypto Summit will focus on revoking Biden 's policy of undermining the industry, and will not discuss tax issues

A senior White House official confirmed that Trump’s White House crypto summit will not discuss tax issues, but focus on revoking the destructive policies implemented by the former Biden administration, the official said in a virtual rehearsal: “There will not be any moves on tax. You know, the cryptocurrency internet is full of rumors […] I don’t know how some of these things started. President Trump promised a cryptocurrency committee during his campaign and he hoped to hear advice and feedback from the industry, and that’s the purpose of the summit.”

Blockchain application

▌The 152nd Ethereum ACDC Conference: Developers will work to restore Holesky to a stable state

Christine Kim, vice president of research at Galaxy, posted a post to summarize the 152nd Ethereum Core Developer Consensus (ACDC) conference call. This week, the developers agreed on a new strategy to test Pectra based on the progress of the Holesky and Sepolia upgrades; developers will continue to work hard to restore Holesky to a stable state, which is expected to take about three weeks; in addition, developers will launch the Holesky shadow fork to inherit the exact same state and on-chain environment as the original public testnet.

Cryptocurrency

▌Dubai ' s largest bank Emirates NBD launches cryptocurrency trading service

Emirates NBD, one of Dubai’s largest banks, has launched a cryptocurrency trading service through its digital banking platform Liv. Users can now buy, sell and trade cryptocurrencies on the LivX app. The service is technically supported by Aquanow, a local digital asset company authorized by Dubai Virtual Assets Authority, and the custody service is handled by Zodia Custody, a subsidiary of Standard Chartered Bank. The move highlights growing interest in financial institutions in digital assets, following the recent announcement of Ethereum staking services by PostFinance AG in Switzerland and the Italian Intesa Sanpaolo to complete its first spot purchase of Bitcoin.

▌US SEC Crypto Working Group Releases Group Members and List of the First Industry Roundtable

March 7 news, according to Fox Business reporter Eleanor Terrett, the US SEC Crypto Working Group announced the group members and list of the first industry roundtable. The theme of the conference is "How We Go to Today and How We Go Out - Defining a Security State". A team of 12 lawyers and scholars will participate in the discussion at the Securities and Exchange Commission headquarters in Washington, DC from 1 to 5 p.m. local time on Friday, March 21, local time. The conference will be hosted by Troy Parades, founder of Paredes Strategies LLC, and Brookwood managing partner Collins Belton, Delphi Ventures executive Sarah Brennan, etc. will attend.

▌A BSC ecological major investor has a position worth US$2.05 million SHELL and US$1.77 million BNB

March 7th news, according to ai_9684xtpa monitoring, BSC ecological major 0x10B...145d1 two hours ago, SHELL worth US$2.05 million and BNB worth US$1.77 million. SHELL had a brief rebound this afternoon and has now fallen back to $0.3028, while the cost of the new address is about $0.314, and it has lost $60,000.

▌White House Officials: The first step in building strategic digital asset reserves is to audit government existing cryptocurrency holdings

Speaking before the industry summit today, a senior White House official said the first step after establishing U.S. strategic bitcoin reserves and other digital assets will be to audit how much cryptocurrency the government holds. The person said that after the Silk Road Exchange closed, the United States once owned about 400,000 Bitcoin tokens, about half of which were sold. According to Arkham, the United States currently owns approximately $17.5 billion in its known digital wallet and several other tokens worth about $400 million.

Important economic trends

▌The three major U.S. stock indexes opened lower, MicroStrategy fell 4.3%

According to Golden Finance, the U.S. stock market opened, the three major stock indexes opened lower, the Dow Jones Industrial Average fell 0.42%, the S&P 500 fell 0.28%, and the Nasdaq fell 0.2%. The decline of US cryptocurrency stocks expanded after the opening, including: Coinbase (COIN) fell 0.17%; Tesla (TSLA) fell 0.2%; MicroStrategy (MSTR) fell 4.3%; MARA Holdings (MARA) fell 3.4%; RiotPlatforms (RIOT) fell 1.8%.

▌Federal Chairman Powell: The Fed does not need to rush to adjust interest rates

Federal Reserve Chairman Powell said the Fed does not need to rush to adjust interest rates. The Fed does not need to rush to act, and can wait for the situation to become clearer. Uncertainty over the Trump administration's policy impact remains high, with some recent inflation expectations surveys and market indicators rising due to tariffs. The road to inflation to 2% is expected to continue to be bumpy and will not overreact to one or two economic data that exceed expectations.

▌Federal Chairman Powell: The impact of tariffs this time may be different, and what is important is long-term inflation expectations

Federal Reserve Chairman Powell said on Friday the cost of being cautious about monetary policy is “very, very low”, but he also said those costs could rise if inflation expectations are under pressure, and while the standard response to the one-time price increase expectations brought by tariffs is to ignore it, this time it may be different. "If it (i.e. tariffs) become a series of events, and if the gains are larger, it's important, and what really matters is what changes in long-term inflation expectations," Powell said. "In 2019, the Fed has actually cut interest rates three times in response to the Trump administration's first tariffs and the slowdown that it triggered, "it's the result of growth and everything else caused by these broad economic policy changes, not just tariffs."

Golden Encyclopedia

▌What is DeFAI

DeFAI combines DeFi's decentralized financial ecosystem with artificial intelligence-driven analysis and automation. DeFAI is still in its early stages, focusing mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point in the Crypto asset industry.

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