#BinanceSafetyInsights Weekly Market Highlights - Market Relief as Retaliatory Tariff Pause Announced

11 April 2025

Macro/TradFi

The reciprocal tariffs that went into effect on Wednesday are now paused for 90 days, except for China which remains at 125%. The baseline 10% tariff that went into effect on 5 April will remain in place. 

Effective April 12, 2025, China’s finance ministry announced that it will increase the tariff rate on goods imported from the US from 84% to 125%.

The European Commission announced on 10 April that the European Union will match the US 90-day pause on tariffs, delaying its first tranche of retaliatory duties on US goods.

Jobless claim filings increased by 4,000 to 223,000 but short of the forecast of 225,000, indicating that the labour market remains broadly healthy despite an ongoing trade war.

According to VanEck, China and Russia are confirmed to be usinCoinbase.

Cboe Digital, the crypto arm of the Chicago Board of Options Exchange, is aiming to roll out a new BTC futures pand, enabling investors the opportunity to trade and hold crypto assets in tax-advantaged accounts.

21Shares filed an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday for a spot Dogecoin exchange-traded fund.

The U.S. Securities and Ex options on Wednesday for Ethereum ETFs issued by iShares, Bitwise and Grayscalelanguage BitVMX.

DeFi:

Borrowing demand across DeFi has fallen off, with US dollar stablecoin yield at 2.8% as compared to traditional markets at 4.3%.

Tokenized gold trading volume hit a two-yto trade tokens from a single USDC balance across multiple protocols.

The US Department of Justice has disbanded its National Cryptocurrency Enforcement Team and ordered its Market Integrity and Major Frauds Unit to cease crypto enforcement.

Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centres.

Ripple announced on Tuesday that it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal.

Binance has announced the integration of Apple Pay and Google Pay into its fiat onramp ecosy