Technologies data shows that from April 2 to Monday, short sellers targeting US companies made a paper profit of $127 billion. From early 2025 to Monday, short-sellers targeting companies with a market value of $1 billion or more in the US earned $189 billion. On Wednesday evening, US stock indices opened higher, with the Nasdaq rising nearly 8.8%, the S&P 500 rising 7.3%, the Dow Jones rising 6.5%, and gold prices soaring 3.5% to $3090/ounce. News trends and hot searches are frequent, full of twists and turns.

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According to (Fortune), the US Department of Justice released an official statement on cryptocurrency law, stating that developers will not be held responsible, while criminals using the code will be held accountable. This clarifies that developers are not responsible for the misuse of the code by criminals, and law enforcement will focus on actual criminal activities such as fraud and terrorism financing. A memo from the US Department of Justice shows that the department has disbanded its national cryptocurrency enforcement team and will largely stop regulatory oversight of cryptocurrency trading platforms and offline wallets. The Australian Federal Court has approved an application by the Australian Securities Regulator to close 95 companies suspected of operating cryptocurrency trading and romance scams known as "hydra". The nature of these scams seems to follow a common "pig butchering" pattern. Wedbush analysts stated that the economic pain brought by tariffs is hard to describe, and during this process, the US technology industry may regress by 10 years, which is entirely caused by Trump and based on erroneous logic. Ripple announced the acquisition of Hidden Road Partners for $1.25 billion, entering the multi-asset institutional brokerage space. On April 9, the cryptocurrency fear and greed index was at 18 (down from 24 yesterday), indicating extreme fear. Teucrium launched the first US 2x leveraged ETF related to XRP (XXRP), and may soon trade XRP futures or other related instruments to provide the market with the desired XRP exposure. Coinglass data shows that on April 8, CEX had a cumulative net outflow of 5065.73 BTC. BlockBeats reported that a16z is seeking to raise $20 billion for its largest fund ever. ARK Invest has increased its holdings of CB stocks worth $26.6 million since April 2.

(Wall Street Journal) reporter Nick Timiraos stated that Fed Chair Powell is facing an increasingly difficult task. Economists, business owners, and investors generally believe that the imposition of tariffs undermines employment and consumption, pushing the US economy closer to recession, which may require rate cuts to alleviate economic downturn pressures. Meanwhile, the magnitude of the tariff increases could significantly raise the prices of goods, which may cause the Fed to worry about inflation and support maintaining current interest rates. They find themselves in a dilemma. Cryptoquant analyst theKriptolik stated that ETH has fallen below its realization price of around $2300, which is the price at which each ETH was last transferred on the blockchain. In the short term, this reflects the market's panic; historically, on-chain data indicates that when ETH falls below the realization price, there is an 80% probability that it occurs in a long-term bottom area. On April 8, the US BTC spot ETF had an outflow of $326.3 million, and the ETH spot ETF had an outflow of $3.3 million. Circle issued an additional $250 million stablecoin on Solana on April 8, and Circle has issued $12 billion in stablecoins on Solana so far in 2025. Technologies data shows that from April 2 to Monday, short sellers targeting US companies made a paper profit of $127 billion. From early 2025 to Monday, short-sellers targeting companies with a market value of $1 billion or more in the US earned $189 billion. CNBC reported: Tesla CEO Musk sharply escalated his attacks on Trump's senior trade advisor Peter Navarro and expressed frustration with the tariff plan. Musk stated, "Navarro is dumber than a bag of bricks; Navarro is truly an idiot, and what he says here is clearly wrong." Previously, Navarro commented that Musk is not an automaker; he is an auto assembler.

EU Commission Vice President Šefčovič stated: The EU will impose the first batch of tariffs on US imports starting April 15, and the second batch starting May 15. An EU spokesperson said on Tuesday that although Trump rejected Brussels' proposal for "zero-for-zero" tariffs on all industrial products, the EU still hopes to avoid a trade conflict with the US. Deutsche Bank: Due to Trump's tariff strategy, concerns about the safety of US assets have escalated, exacerbating the sell-off of US Treasury bonds, with the yield on 30-year Treasury bonds rising to 5.02%. If the turmoil of long-term borrowing costs above 5% continues, the Federal Reserve will need to step in to stabilize the US Treasury market, that is, through emergency quantitative easing (QE) to stabilize the bond market. A Goldman Sachs report stated that the credit spread on the dollar has further widened, and the bond market's pricing for recession will prompt the Fed to act. If the high-yield bond spread continues to widen to 500 basis points, Powell is likely to intervene and change policy stance as he did in 2018. Currently, the high-yield bond spread has reached 454 basis points, just a step away from the dangerous threshold of 500 basis points. The probability of a Fed rate cut in May is only 51%, indicating that the bond market needs further adjustment to prompt Powell to change his policy stance, which could trigger a rebound in the stock market. Analyst Arthur Hayes stated that to predict when the Fed will relent and start the printing press, one should closely monitor the bond volatility index, which is a signal for the Fed to ease when it crosses 140 (reaching 137 points on April 8).

On Wednesday evening, US stock indices opened higher, with the Nasdaq rising 8.8%, the S&P 500 rising 7.3%, the Dow Jones rising 6.5%, gold prices soaring 3.5% to $3090/ounce, and BTC rising 5.1%. Trump's known tariffs have successively come into effect, with uncertainty about future changes. Currently, the market has fully priced in a 25 basis point rate cut by the European Central Bank in April, betting on a 50 basis point rate cut by the Bank of England in May, and there is still insufficient probability for a Fed rate cut in May. At 2:00 AM on Thursday, the Fed will release minutes from its meeting, and at 8:30 PM, the inflation CPI will be released (previous value 2.8%, expected value 2.6%), with the next wave of easing strategies to be implemented early to stabilize the market. News trends and hot searches are frequent, full of twists and turns. The latest media information indicates that Trump has suspended tariff imposition for 90 days, reducing reciprocal tariffs to 10%. (This news is based on official media, excerpted only.)#加密市场反弹