US Treasury Secretary: Tariffs Announced on Wednesday are the Maximum

On April 3rd, UBS analyst Eamonn Sheridan stated that UBS had previously estimated that if the proposed tariffs were fully implemented and the import costs were passed on to consumer prices, the US inflation rate could rise to approximately 5%. The analyst thinks that if the Fed views this increase as "transitory," they will cut interest rates due to growth concerns. (FXStreet)

On April 3rd, the U.S. House Financial Services Committee voted and passed a significant bill governing stablecoins on Wednesday. The bill, named the "Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act," was approved by the committee with a vote of 32 in favor and 17 against on Wednesday. This bill will formulate a framework for USD-backed stablecoins, stipulating reserve and capital requirements, such as one-to-one reserve backing and anti-money laundering standards. (TheBlock)

On April 3rd, as monitored by LookOnChain, 11 hours ago, a whale made another withdrawal of 2,774 ETH (valued at 5.27 million USD) from Binance.
Since February 11, 2024, this whale has withdrawn a total of 16,415 ETH (worth 43.9 million USD) from Binance with an average price of 2,676 USD. Currently, it is facing a loss of more than 13 million USD.

On April 3rd, as per 4E monitoring, Trump announced tariff retaliation last night. He adopted a dual-track system that combines "benchmark tariffs" with a "single-country single-rate" approach, and the tariff rates exceeded market expectations. Initially, the US stock market was optimistic as the 10% benchmark tariff was lower than expected, and the major indexes all closed higher. However, after the specific high tariff rates were announced, investors became concerned about the escalating global trade war risk, which could potentially drag the US economy into a recession. Panic selling occurred after hours, resulting in a sharp decline in stock index futures. At the time of writing, S&P 500 futures fell by more than 2.79%, Nasdaq futures dropped by more than 2.65%, and Dow Jones futures slipped by more than 1.9%. The cryptocurrency market witnessed a widespread decline. Initially, driven by tariff optimism, global risk assets rose across the board. Bitcoin surged to $88,500 at one po

On April 3rd, according to alternative data, the cryptocurrency Fear and Greed Index for today is 25 (yesterday it was 44), suggesting a return to "extreme fear" in the market. Note: The threshold for the Fear Index is 0-100 and it includes indicators such as Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance in the Market (10%) + Google Trends Analysis (10%).

On April 3rd, WEEX made an announcement stating that the platform has launched Wing Finance (WING), Fluid (FLUID), and PumpBTC (PUMP) U Perpetual Contracts, with a leverage support of up to 50x.