๐ฅ Crypto & Market News โ April 3
๐บ๐ธ Trump's Tariff Plans Donald Trump announces 10% mutual tariffs for all countries, plus 25% tariffs on all imported cars. Bitcoin spiked above $88,000 in reaction.
๐๏ธ Additionally, the U.S. imposes 34% tariffs on Chinese goods, 20% on European Union products, 46% on Vietnam, 24% on Japan, 26% on India, and 32% on Taiwan.
โก Trump adds that the U.S. will calculate the combined tariff rate of other countries on American goods and introduce its tariff at about half that amount.
๐ Crypto Market's Response: Following Trump's speech, the crypto market's mood tanked. The Fear and Greed Index plummeted to 25, signaling extreme fear.
๐ฅ Telegram Gift Issues: Users face massive issues with Telegram Stars and gifts being wiped. This is due to a refund mechanism in AppStore that allows users to reverse purchases within 21 days. Fraudsters sell stars and gifts through chats and third-party websites, then reverse the purchase. Telegram ends up deducting the "bought" stars from victims' accounts.
๐ฐ Huge Scam Earnings: One seller earned over $50,000 in a week, gathering 5,000 positive reviews. The problem is much bigger when considering the secondary market of gifts that are also voided.
๐ Solution: To avoid the scam, buy stars directly without KYC on fragment.ton. Telegram should also think about restricting gift updates to collectibles within 21 days of purchase.
๐ท๐บ Russia's Crypto Regulation: Elvira Nabiullina, the head of the Russian Central Bank, stated that Russia plans to strengthen accountability for using cryptocurrencies in domestic transactions.
๐ช Tron Network Fees: Tron continues to profit from users sending USDT through its network. In early April, the fee for sending USDT TRC-20 to new wallets has nearly doubled, now reaching 27 TRX($6.2).
๐ค Tron Usage: Despite soaring Ethereum fees in the past, why are people still using Tron today?
๐ก Telegram Gift Cancellation Update: The wave of cancellations continues:
- 9,882 gifts were revoked in total.
- 3,337 users were affected.
- The damage to collectible gifts exceeded $45,000.
- Millions in stars were lost, including $50,000 from one "black market" service.
โ ๏ธ Problems: These gifts can no longer be used or upgraded โ they are stuck in the system. Telegram hasn't provided effective protection, and users are starting to move to the TON blockchain, where gifts account for just 7%.
๐ Gift Recall Period: Users report gifts and stars can still be revoked up to 60 days after purchase.
๐ง๐ท Itaรบ Unibanco Stablecoin: Brazil's largest bank, Itaรบ Unibanco, is set to launch its own stablecoin. Additionally, a law is being discussed in Brazil that will allow employers to pay employees in cryptocurrency.
๐ U.S. Stock Market Crash: U.S. stock markets plunged by $1.65 trillion at the market open.
๐ง Goodbye, Mr. Krasnov: Thanks for your service.
๐บ๐ฆ Ukraine's Crypto Declarations: In 2024, Ukrainian officials filed 2,113 declarations containing information about cryptocurrencies โ more than double the number from the previous 3 years.
๐ฎโโ๏ธ Crypto Users Among Ukrainian Officials: The most active crypto users are law enforcement personnel, who filed 322 declarations (15% of the total). Prosecutors came in second with 240, followed by judges with 227. Popular cryptos among officials: USDT (802), BTC (731), ETH (713), and several altcoins like XRP BNB, SOL, DOGE, ADA, and LTC.
