Toutiao

▌The Fed has limited options for dealing with tariffs

Tariffs make the Fed's work even harder in boosting a weak economy. "First, the Fed may be late, and secondly, it has limited ability to offset the global shift to protectionism. This will only make things less bad. An economic downturn may lead to earlier, or even faster easing."

▌Tariffs are particularly impacted on the US technology industry

Trump In early years in office, Silicon Valley had already experienced plunge in valuation and delays in its initial public offerings. Leaders at Alphabet, Amazon, Meta, Microsoft and Uber all made large donations for Trump’s second inauguration, both in person and through the company. The seven most valuable technology companies in the U.S. have evaporated a total of $1.8 trillion in market caps over the past two trading days. Wall Street is selling risky assets due to concerns that widespread trade hikes will have an impact on the U.S. and global economies, an impact that has already affected the initial public offering (IPO) market.

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Trending as of press time, according to Coingecko data, BTC's latest transaction price is US$83,528.14, with a daily increase and fall of -0.5%;

ETH's latest transaction price is US$1,810.55, with a daily increase and fall of -0.6%;

BNB's latest transaction price is US$592.65, with a daily increase and fall of -1.0%;

SOL's latest transaction price is US$120.01, with a daily increase and fall of -1.7%;

DOGE's latest transaction price is US$0.1694, with a daily increase and fall of -1.2%;

XPR's latest transaction price is US$2.15, with a daily increase and fall of +0.8%.

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▌California governor seeks to get California exemptions in the Trump trade war

According to Axios, California Governor Gavin Newsom said on Friday that he is negotiating agreements with other parties to ensure that California can be exempted from retaliatory tariffs in Trump's escalating trade war. Deemed a potential candidate for the U.S. president in 2028, Newsom is seeking to keep California safe from its negative effects. "Donald Trump's tariffs do not represent all Americans. I have directed California to look for new opportunities to expand trade and reminded the global trading partners - California is still a stable partner," Newsom said in a video released on Friday. He called California a "pillar of the U.S. economy" and stressed that California is committed to maintaining "stable trade relations" with the world. Newsom wrote on X (formerly Twitter) that California is "ready ready to talk to global trading partners." He also said that California is not afraid to use its market influence, “to fight back against the most our generation facesLarge-scale tax increase."

▌Georgia House Resolution requires the Department of Education to implement "blockchain, cryptocurrency and Web3" education

According to Bitcoin Laws, the Georgia House Resolution requires the Department of Education to implement "blockchain, cryptocurrency and Web3" education in K-12 education. The bill initiated by the Democrats states: "Bitcoin is becoming increasingly accepted and widely used to replace traditional currencies."

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Blockchain application

▌Lens Chain mainnet has been launched

The Lens Chain mainnet, a L2 network built specifically for SocialFi, is launched. The functions provided by Lens are as follows: Lens Chain: Use GHO stablecoins as gas for scalable, fast and low-cost transactions. Social Protocol (Lens V3): Pre-built social primitives such as accounts and groups. These primitives are flexible and modular and can be integrated into existing applications as separate features. Grove: On-chain licensed storage of user-controlled content. Developer Dashboard: Manage applications, guide users easily and integrate without coding expertise.

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Cryptocurrency

▌U.S. Treasury Secretary: Bitcoin is becoming a store of value

According to Coingape, U.S. Treasury Secretary Scott Bessent said in an interview with Tucker Carlson that Bitcoin is becoming an "emerging store of value." He compared Bitcoin with gold, emphasizing that both have store of value attributes.

▌The US SEC is reviewing several employee statements on digital assets in the Biden era

The US SEC Acting Chairman Mark Uyeda issued a statement saying that in accordance with Executive Order No. 14192, "Release the Prosperity through Deregulation", combined with DOGE's recommendations, I have asked the US Securities and Exchange Commission (SEC) staff to immediately review the following employee statements. Digital Asset Investment Contract Analysis Framework; Company Sample Letter on Recent Development of the Crypto Asset Market; Employee Statement on “Digital Asset Custody and Qualified Trustee Status NAL” in Wyoming Banking Division; Employee Statement on Funds Registered under the Investment Companies Act to Investment in Bitcoin Futures Markets. The purpose of this review is to identify employee statements consistent with current agency priorities for modification or revocation.

▌Bitcoin holdings reached 1,034 pieces, and 210 BTC mining output in March

Nasdaq-listed Bitcoin mining company Cipher Mining released an unaudited production and operation update report in March, which disclosed that its Bitcoin mining output in March was 210 BTC, but 206 BTC were sold that month due to business operations. Currently, Bitcoin holdings reached 1,034 pieces (Among them, 394 BTCs were used for collateral), and the hash rate reached 13.5 EH/s at the end of the month

▌Powell released a hawkish signal, and market liquidity expectations decreased, and BTC may test another $80,000

Federal Chairman Powell said that he would not respond immediately to Trump's new round of trade tariffs, nor would he rush to cut interest rates due to market volatility and recession expectations. The crypto market has been dragged down by concerns about global trade war and a pullback in US stocks recently. Powell's remarks further weakened market expectations for easing and are not conducive to bulls pushing up prices in the short term. Bitunix analysts' view: BTC's short-term pressure range is $84,500-$83,800, with a short-term support of $80,000. If the BTC price cannot maintain the $80,000 mark, it will enter a deeper adjustment zone. It is recommended that traders control positions, strictly implement stop loss, and wait for the situation to become clearer.

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Important economic trends

▌The total market value of US stocks evaporated by more than 45 trillion this week

This week, European and American stock markets fell sharply across the board. The Nasdaq fell more than 10%, falling more than 1,700 points; the S&P 500 fell more than 9%, falling more than 500 points; the Dow Jones Industrial Index fell more than 7%, falling more than 3,200 points. The market value of the seven giants evaporated by about US$155.36 billion (RMB 11.31 trillion) this week. This week, the total market value of US stocks evaporated by about US$6.29 trillion (RMB 45.80 trillion).

▌Today's Panic and Greed Index dropped to 34, and the level is still fear.

Today's Panic and Greed Index dropped to 34, and the level is still fear. Note: The threshold of the Panic Index is 0-100, including indicators: volatility (25%) + market transaction volume (25%) + social media popularity (15%) + market survey (15%) + Bitcoin's proportion in the entire market (10%) + Google Hot Word Analysis (10%).

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Golden Encyclopedia

▌What is the address poisoning attack in cryptocurrency?

Address poisoning attacks are malicious means used by attackers. Attackers can rerout traffic, interrupt services, or access sensitive data by inserting fake data or changing routing tables. These attacks exploit flaws in network protocols that seriously threaten the integrity of data and network security.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.