BNB Drops Below $590

On April 2nd, as per CoinDesk, the prices of cryptocurrencies have been increasingly affected by traditional assets (such as stocks and bonds), which have been impacted by macroeconomic uncertainties. Tariffs - additional fees imposed by the United States on imported goods from other countries - have made Wall Street worried about a global economic recession. Cryptocurrency investors have stayed away from crypto assets regarded as relatively high-risk. Marc Ostwald, the Chief Economist and Global Strategist at ADM Investor Services International, stated: "All of this is related to the market's 'risk appetite,' which is deteriorating. Currently, it is causing a divergence between crypto assets and gold, with gold still being the preferred 'safe haven.'" Furthermore, former Goldman Sachs macroeconomist Pandl believes that tariffs will increase the demand for non-dollar currencies. He also thinks that tariffs will weaken the dominance of the US dollar and create space for competitors inc

On April 2nd, Bullard of the Federal Reserve stated that if consumers cease spending due to uncertainty or if businesses pause investment, the economy will be in turmoil. In theory, the impact of tariffs on prices should be temporary. However, considering factors such as retaliatory tariffs and duties on intermediate goods, the actual impact may be more prolonged. Bullard emphasized that although surveys show that both business and consumer confidence have "nearly collapsed," real data still indicates robust economic growth in the United States. He maintained his previous assessment and expected a rate cut within the next 12 to 18 months. (FXStreet)

On April 2nd, according to Token.Unlock data, it is scheduled that TRUMP will unlock 40 million tokens on April 18th. This accounts for 20% of the circulating supply and has a total value of around $413.2 million.

April 2nd. According to Beincrypto, Chairman French Hill of the House Financial Services Committee has rejected a proposal that would permit stablecoins to pay interest. This comes despite Coinbase CEO Brian Armstrong publicly advocating for this policy just the day before. As a key advocate for stablecoin regulation, Hill informed reporters today, "Although I understand this perspective, there is still no bipartisan consensus within Congress regarding allowing interest payments to holders of USD-backed payment stablecoins." This Republican congressman, who was previously regarded as a major victory for the crypto industry upon his appointment as chairman of the Financial Services Committee, quickly turned down Armstrong's vision for stablecoins shortly after Armstrong's public appeal. Clearly, Armstrong's political influence is on the rise, as evidenced by his prominent role at Trump's cryptocurrency summit and the U.S. SEC's dismissal of the lawsuit against Coinbase. This is an impor

On April 2nd, based on Coinglass data, the current funding rates of mainstream CEX and DEX show that the crypto market remains in a bearish trend. The funding rates for specific mainstream coins are presented in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applied to perpetual contracts and is a mechanism for the exchange of funds between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is above 0.01%, it indicates a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.

On April 2nd, based on HTX market data, MASK has witnessed a decline of more than 31% in the past 24 hours and is currently trading at $1.406.