"Tariff war" changes again; on one hand, Trump has suspended tariff increases for countries that previously softened their stance, maintaining a 10% base tariff. On the other hand, tariffs on China have been raised to 145%. It's a clear display of bullying.
Trump, at the center of power, enjoys this feeling of submission while not missing any opportunity to make money. Yesterday, Trump publicly called for stocks on social media, and the three major US indices surged by 10%, jumping from the ICU bed into a KTV. Many KOLs on foreign platforms questioned Trump's insider trading.
In the cryptocurrency circle, Trump's behavior of using power for insider trading is even more obvious. For example, in March, he publicly called for XRP, ADA, and SOL as strategic reserves, and issued TRUMP coin in January.
In the past, elitism needed packaging; at least it had to put on a show. Now it's just tearing off the mask, without even pretending.
Having power truly allows one to do as they please.
1. Market news
1. Jack Dorsey's Block has reached a 40 million USD settlement agreement with New York regulators for anti-money laundering violations.
2. Ancient ETH whales continue to sell, cashing out approximately 26 million USD by selling over 16,500 ETH within 17 hours.
3. Ancient ETH whales have completed their sell-off, selling a total of 9,095 ETH over three years, cashing out 12.5 million USD.
4. sUSD continues to decouple, hitting a low of below 0.83 USD, currently quoted at 0.85122 USD.
5. The Ministry of Foreign Affairs responds to the US increasing tariffs on China by 125%: China does not want to engage in a tariff war but is not afraid to fight.
6. China's additional 84% tariffs on the US officially took effect today at 12:01 PM.
7. The US Senate voted to confirm Paul Atkins as SEC Chairman.
2. Project updates
1. Wayfinder: Airdrop claims have been paused as they address issues related to transaction failures and MEV.
2. Bedrock will allocate BABY airdrops to users bound to the Babylon wallet.
3. Binance will airdrop 490 PROMPT to users with trading records on the Alpha platform.
4. The cryptocurrency insurance company Meanwhile completed a 40 million USD Series A financing, led by Framework Ventures and others.
3. Market trends
1. BTC breaks below 81,000 USDT.