A whale withdrew 4.49 million MOVE tokens, worth approximately $2.11 million, from Coinbase Prime 5 hours ago.

On April 2nd, as reported by Nikkei News, Sumitomo Mitsui Financial Group is set to jointly develop a stablecoin pegged to a fiat currency with an American company. The group will partner with two companies. One is the development team of Avalanche, Ava Labs, and the other is Fireblocks, which specializes in developing a digital asset management system. Furthermore, the infrastructure for the stablecoin will also be developed in collaboration with the local IT company TIS. There are plans to conduct a proof-of-concept experiment in the second half of the fiscal year 2025. The emphasis will be on the demand in areas like inter-company payments, and further progress is expected around the fiscal year 2026.

On April 2nd, QCP released its daily market observation, stating that "Trump is about to announce a series of tariff measures in the Rose Garden. In the short term, we anticipate that all risk assets will continue to be under pressure. Nevertheless, as the new situation gradually stabilizes, we might witness some 'non-US exceptionalism.' Even if the United States may become marginalized due to policy choices, global stock indices may still continue to reach new highs." The market anticipates that the Fed will cut interest rates by 2.5 times by 2025. The Fed is facing challenges. Weak consumer confidence and soft data suggest the possibility of a slowdown in US GDP growth in the second quarter. Meanwhile, inflation pressures triggered by tariffs may gradually intensify starting from April 2nd. In a classic stagflation environment, the Fed is more inclined to raise rates rather than cut them. In the current situation, the Fed appears to adopt a wait-and-see attitude. Regarding cryptocu

On April 2nd, the US Department of Labor will issue the US March ADP Employment Report at 20:15 Beijing time. Market expectations are for 115K new jobs. This data may lead to short-term market fluctuations.

On April 2nd, Ryan Lee, the chief analyst of the Bitget Research Institute, pointed out that with the new tariff plan proposed by US President Trump, Bitcoin's safe-haven property is receiving more attention. His proposal of "uniformly imposing a 20% tariff" has triggered market concerns about fiat currency, especially the confidence in the US dollar, especially against the backdrop of rising inflation expectations. Jim Reid from Deutsche Bank and Chris Weston from Pepperstone have both warned that if this policy is implemented, the global economy may face the risk of "stagflation", where costs rise while economic growth is limited. From an economic fundamentals perspective, if this round of tariffs is implemented, it may increase manufacturing costs and exacerbate inflation. This event may lead to continued market uncertainty. In this environment, the demand for Bitcoin as an inflation hedge and safe-haven asset is expected to increase significantly.

On April 2nd, WEEX made an announcement. It stated that the platform will list the AB/USDT spot trading pair at 18:00 UTC+8 today. The AB Project is dedicated to constructing a decentralized future and offers efficient and secure infrastructure for DApps and various assets.

On April 2nd, as per the IPO S-1 filing submitted to the U.S. Securities and Exchange Commission (SEC) by the stablecoin issuer Circle, in November 2024, Binance emerged as the first approved participant within the stablecoin ecosystem protocol. Under the partnership agreement, Binance is mandated to promote USDC on its platform and maintain a certain quantity of USDC within its treasury reserve. Circle made a one-time prepayment fee of $60.25 million to Binance and agreed to pay monthly incentive fees based on Binance's USDC balance. The incentive fee will only be paid when Binance holds at least 1.5 billion USDC, while Binance commits to holding 3 billion USDC (with certain exceptions in specific circumstances). The partnership is divided into two segments: market promotion and treasury reserve, both spanning a period of two years. If Binance terminates the market promotion agreement prematurely, it is still obligated to make reduced-rate payments and fulfill promotional obligation