137Labs On-Chain Express Report Issue 074

🔥Hot Events

1️⃣Trump acknowledges that U.S. tariffs on Chinese imports are too high and plans to significantly reduce them

2️⃣Trump: No intention to fire Powell, but the Federal Reserve should lower interest rates

3️⃣Michael Saylor: The new chair of the SEC has a positive attitude towards Bitcoin

4️⃣The SEC confirms receipt of VanEck's application documents for a spot Avalanche ETF

📖Project Updates

1️⃣DWFLabs partners with MaskNetwork and invests $5 million to purchase $MASK tokens.

2️⃣PayPal plans to promote the use of the stablecoin PYUSD by offering a 3.7% balance interest.

3️⃣Symbiotic completes $29 million Series A funding, led by Coinbase Ventures and others.

4️⃣Ethereum L2 network Scroll launches the “Euclid” upgrade, promising to enhance network throughput and security

⌚️Upcoming Events

1️⃣April 23: G20 Finance and Central Bank Ministers' Meeting begins.

2️⃣April 24: Federal Reserve releases the Beige Book on economic conditions (2:00)