#UpdateAlert

Macro/TradFi

The reciprocal tariffs that went into effect on Wednesday are now paused for 90 days, except for China which remains at 125%.

The baseline 10% tariff that went into effect on 5 April will remain in place. 

Effective April 12, 2025, China’s finance ministry announced that it will increase the tariff rate on goods imported from the US from 84% to 125%.

The European Commission announced on 10 April that the European Union will match the US 90-day pause on tariffs, delaying its first tranche of retaliatory duties on US goods.

Jobless claim filings increased by 4,000 to 223,000 but short of the forecast of 225,000, indicating that the labour market remains broadly healthy despite an ongoing trade war.

According to VanEck, China and Russia are confirmed to be using Bitcoin to settle some energy trades.

Blackrock has included Anchorage Digital Bank as an additional custodian of its Bitcoin holdings besides its primary custodian, Coinbase.

Cboe Digital, the crypto arm of the Chicago Board of Options Exchange, is aiming to roll out a new BTC futures product in partnership with FTSE Russell.

Fidelity Investments launched Crypto for IRAs after customer demand, enabling investors the opportunity to trade and hold crypto assets in tax-advantaged accounts.

21Shares filed an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday for a spot Dogecoin exchange-traded fund.

The U.S. Securities and Exchange Commission approved trading options on Wednesday for Ethereum ETFs issued by iShares, Bitwise and Grayscale