April 2 Daily Report
Macroeconomic:
1. The White House confirmed on Tuesday that President Trump will announce a series of reciprocal tariffs on Wednesday, but did not reveal details such as scale and scope.
2. Before the tariff announcement, the S&P 500 narrowly closed up, the Nasdaq halted four consecutive declines, Tesla rose over 3%, leading the tech giants, Nvidia rose over 1%, ending five consecutive declines;
3. GameStop completes a $1.5 billion convertible bond issuance, may initiate a Bitcoin allocation plan;
Hot Spot:
4. Coinbase encounters its worst quarterly performance since the FTX collapse, Q1 stock price drops 33%;
5. Some altcoins have been directly halved due to BN's adjustment rules, which may signal the beginning of altcoin panic. A certain whale $ACT
had a position liquidated with a loss of 3.79 million USD. Binance responds to the ACT flash crash incident: it was caused by concentrated selling by large holders, no manipulation was found; right now, the market's biggest issue is lack of liquidity, so whichever side has more people will get killed. I have a principle for altcoin leverage: the altcoins that surge are usually of two extremes, one is good enough that many people buy in. The other is so bad that many people can't tolerate it rising, short squeezing it. Besides that, the vast majority of altcoins in the middle ground will gradually be forgotten by the market.
Hot Spot
6. Binance wallet launches PumpBTC (PUMP)
7. Binance Alpha launches GRASS, ATH, MEW, and BIGTIME;
8. GSR deposits 400,000 $LINK on Binance, if sold, would incur a loss of over 2.13 million USD;
9. $TRUMP
TRUMP will unlock about 40 million tokens on April 18, accounting for 20% of the circulating supply;
10. Solana chain's $titcoin hits a new high, overseas conspiracy groups start to exert power again