$BTC

Domestic News:

1. Huijin Company, China National New, and China Chengtong increased their holdings in ETFs and related stocks, firmly optimistic about the development prospects of China's capital market.

2. CATL: Plans to repurchase shares worth 4 billion to 8 billion yuan.

3. Companies listed under China Merchants Group stated they will accelerate the implementation of share repurchases.

4. The Ministry of Commerce held a roundtable meeting with American-funded enterprises, with representatives from over 20 companies including Tesla attending.

5. The People's Bank of China has expanded its gold reserves for five consecutive months, with foreign exchange reserves at 3.241 trillion USD by the end of March.

6. The Central Committee of the Communist Party of China and the State Council issued the "Plan for Accelerating the Construction of a Strong Agricultural Country (2024-2035)."

International News:

1. Tariffs - ① Trump: Will not suspend reciprocal tariff measures and rejects the EU's proposed mutual tariff exemption policy ② The EU proposed to impose a 25% tariff on certain American products, to be implemented in two phases ③ The news of "delaying tariffs for 90 days" caused a huge market shock, and the White House subsequently refuted it ④ Foreign media: Trump's team is considering implementing a tax credit policy for exporters ⑤ The U.S. plans to impose a 34.45% tariff on Canadian lumber, currently at 14.4% ⑥ Seven Republican senators "defected" to support a bill to limit Trump's tariff powers ⑦ The Japanese Prime Minister stated they will not retaliate against the U.S. tit for tat ⑧ U.S. Treasury Secretary: It is unlikely to reach a trade agreement (with any country) before April 9, with nearly 70 countries seeking negotiations.

2. Strategy: In the first quarter, Bitcoin assets incurred a paper loss of nearly 6 billion USD.

3. Traders fully priced in five rate cuts by the Federal Reserve in 2025 at one point.

4. BlackRock CEO: Most CEOs contacted believe the U.S. economy has already entered a recession. A further 20% market drop cannot be ruled out.

5. Trump: The U.S. will engage in direct negotiations with Iran, with high-level talks expected to take place on Saturday. U.S. media revealed the negotiation location is in Oman.

6. Federal Reserve - Governor Quarles: Ensuring inflation does not rise is a priority; the Fed held a closed-door meeting to review the advance payment rate and discount rate.

7. Overnight Market - Nasdaq slightly up 0.1%, with a fluctuation of up to 9.6%; Hang Seng Index down 5.1%, gold plummeted by 56 USD, silver up 1.6%, crude oil down 2%, offshore RMB depreciated against the USD by 500 points, U.S. Treasury 2Y up 11 basis points, 10Y up 21 basis points, A50 futures night trading up 1.8%.