9 hours ago
5,864
▌Trump reiterates his position on imposing tariffs on China and Europe and other countries
Trump posted on his social platform that the United States has a huge fiscal deficit against the EU and other countries, and the only solution is to impose tariffs, which have now brought tens of billions of dollars in revenue to the United States. He criticized the widening trade deficit with the above mentioned period of Biden, and promised to quickly reverse the situation, again emphasizing that tariffs are "very beautiful things" for the United States.
▌BTC breaks through $78,000
The market shows that BTC breaks through $78,000 and is now at $78,007.29. The 24-hour decline narrows to 6.34%. The market fluctuates greatly, please do a good job in risk control.
Trending as of press time, according to Coingecko data, BTC's latest transaction price is US$78,322.34, with an intraday rise and fall of -6.6%;
ETH's latest transaction price is US$1,578.34, with an intraday rise and fall of -12.9%;
BNB's latest transaction price is US$553.16, with an intraday rise and fall of -6.7%;
SOL's latest transaction price is US$105.40, with an intraday rise and fall of -12.3%;
DOGE's latest transaction price is US$0.1484, with an intraday rise and fall of -12.1%;
XPR's latest transaction price is US$1.92, with an intraday rise and fall of -10.8%.
▌U.S. federal agencies must report crypto positions to the Treasury Secretary, and the audit results may not be made public.
Forbes reporter Eleanor Terrett posted on the X platform that White House officials revealed that federal agencies must report their crypto positions to Treasury Secretary Scott Bessent before tomorrow (April 7 Eastern Time). However, the executive order only requires the report to be submitted to Bessent and does not force the disclosure of the audit results. It is not clear whether or when this information will be made public.
Blockchain application
▌Vaulta cooperates with Virgo to launch a cross-border remittance network based on stablecoins VirgoPay
Web3 banking operating system Vaulta and digital asset service provider Virgo have announced a cooperation to launch a stablecoin cross-border remittance network VirgoPay, which is expected to be launched in May. The platform can shorten traditional transfer time from days to minutes, with processing fees up to 70%. Users can recharge through banking, wire transfer, encrypted wallets, etc., and choose a variety of fiat currencies to collect payments. The first phase of the service will cover the United States, Hong Kong, Canada, Argentina, Brazil and Australia, and the subsequent plan will be expanded to Southeast Asia and the Middle East markets.
Cryptocurrency
▌67,500 ETH positions were liquidated and caused further ETH to fall
According to the chain analyst Ember Monitoring, with this wave of decline, 6.The 750,000 ETH (US$105 million) lending position clearing line was completely liquidated at the Giant Whale position of $1,650, which also helped boost the further decline of ETH. In fact, he added 2,160 ETH collateral at 1 a.m. to lower the liquidation line, but ETH fell all the way, and his ETH position was finally liquidated at 6 a.m. to pay off his 74.4 million DAI loan.
▌Two whales bought more than 30,000 ETH at dips
According to Onchain Lens monitoring, the two major addresses recently purchased large amounts of ETH. Among them, the "7 Sibling" address spent $41.78 million to buy 25,092 ETH at an average price of $1,665; the other new wallet bought 4,983.56 ETH at an average price of $1,631.
▌The pre-sale of the cryptocurrency supported by Conor McGregor failed, raising only $390,000
The cryptocurrency $REAL, jointly launched by MMA superstar Conor McGregor and Real World Gaming DAO, raised only $392,000 for 28 hours of pre-sale, which did not reach the minimum fundraising threshold of $1 million. The project declared a temporary failure and a full refund was made. Despite McGregor's vigorous publicity on social platforms, the currency was still coldly accepted by the market, reflecting the weakening of interest in celebrity endorsement projects in the crypto market, which is a time when the overall market is sluggish and the volume of memecoin trading shrinks.
Important economic trends
▌Trump: He has talked with Asian and European leaders on tariff issues. The market sometimes needs to take medicine.
On Monday, when US stock futures plummeted, US President Trump said that he did not intentionally manipulate the market to sell, but had talked with European and Asian leaders on tariff issues. He also said he could not predict what would happen to the market. When asked about market performance, he said that sometimes the market must "take medicine".
▌The U.S. Senate passed the Republican budget blueprint to advance Trump's tax cut agenda
The U.S. Senate passed the Republican budget blueprint last Saturday aims to extend President Trump's 2017 tax cuts worth trillions of dollars and significantly cut spending. The Senate voted 51:48 to pass the "budget settlement" move, which would allow Republicans to bypass the filibusters that the Senate needs 60 votes to support, and could pass Trump's tax, border security and military priorities later this year without Democrats voted for. The bill will be submitted to the Republican-led House of Representatives, which is expected to be considered this week. Nonpartisan analysts say that if Trump's agenda is adopted, it will add about $5.7 trillion in federal debt over the next decade. Senate Republicans believe the measure costs $1.5 trillion and say the impact of extending existing taxes that were due to expire at the end of this year should not be included in the cost of the measure..
▌Musk publicly mocks US trade advisers: either conceit or has a brain problem
According to the US World News Network on April 5, Musk, a billionaire who served as head of the efficiency department, rarely publicly criticized Trump's core circle when the tariff war caused a plunge in Wall Street stock market. Peter Navarro, a senior adviser to Trump's trade and manufacturing industry, tried to downplay market concerns caused by losses caused by tariff wars in the past two days on CNN on the 4th. Musk publicly mocked Navarro on his social platform X after Navarro insisted that tariffs would eventually win a good result. He responded to a post that mentioned that Navarro had a PhD in economics at Harvard University, saying: "Having a PhD in economics at Harvard is not a good thing, but a bad thing. It leads to conceit or a problem with his brain." One user responded that Navarro was "correct", while Musk replied: He "has nothing achieved."
▌Former U.S. Treasury Secretary approves tariffs: the largest self-harm wound ever
On April 6, local time, it was learned that after Hassett, director of the U.S. Economic Commission, made a remark on the same day that "tariffs will lead to a decline in US consumer prices", former U.S. Treasury Secretary Lawrence Summers said that he did not agree with Hassett's statement. He believes that US President Trump's tariffs are the biggest self-harm wound to the US economy in history. Summers said tariffs will lead to higher prices, aggravate inflation, thereby reducing people's consumption capacity, and also reducing employment opportunities. On April 2, US President Trump signed an executive order on so-called "reciprocal tariffs" at the White House, announcing that the United States imposes a 10% "minimum benchmark tariff" on trading partners and imposes higher tariffs on some trading partners. The United States' move has been opposed and criticized by many parties around the world.
▌Spot gold fell below $3,000
Spot gold fell below $3,000/ounce for the first time since March 21, down 1.28% during the day.
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.
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