London Police Partner with Law Firm to Launch Civil Asset Crypto Recovery Scheme
On April 6th, as per the report by Decrypt, the London City Police have joined forces with the law firm Gowling WLG to initiate a civil asset recovery plan. This plan is primarily targeted at cases where criminal prosecution is not feasible, presenting an opportunity for victims of cryptocurrency fraud to regain their assets. Previously, in a pilot project, the UK police successfully retrieved £520,000 (approximately $671,000) worth of stolen cryptocurrency for an 80-year-old man. This recovery action was made possible by updates to the Proceeds of Crime Act 2002, which granted the police the authority to freeze stolen digital assets. Bríd Holden, the Director of Gowling, expressed the hope that through this collaboration, the willingness of victims to report cases will rise. They will coordinate the recovery work between the police and the victims as well as their legal representatives to combat organized crime groups.
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Morgan Stanley Predicts Apple Supply Chain to be Hit Hard by Tariffs, iPhone Prices Could Soar
On April 5th, following U.S. President Trump's announcement of the "equal tariff" plan, Apple's stock price took a heavy hit for two consecutive trading days, resulting in a significant shrinkage of the market value. According to the estimation of investment bank Morgan Stanley, imposing tariffs on China will increase Apple's costs by approximately $8.5 billion annually. Reuters cited analysts as stating that if Apple fully passes on the tariff costs to consumers, the retail price of the iPhone 16 Pro Max in the U.S. will rise from the current $1599 to $2300 (approximately ¥16,750). During Trump's first term, Apple started to diversify its supply chain. However, the Trump administration plans to impose high "equal tariffs" on Southeast Asian countries, which will undoubtedly have a severe impact on Apple's supply chain. (Jinse)
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Bitcoin Drops Below $83,000
On April 5th, based on HTX market data, Bitcoin dropped below $83,000 and is currently trading at $82,896, experiencing a 24-hour decrease of 0.06%.
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Cathie Wood: Trump Could Adjust Tariff Policy for Midterm Elections
On April 5th, Cathie Wood, the Founder and CEO of Ark Investment Management, issued a warning on Friday. She stated that Trump's new tariffs might lead the U.S. into a recession. Referring to the uncertainty caused by these measures, she said, "The market is in a state of considerable turmoil. These policies have the potential to tip the U.S. into a recession. We understand how he calculates reciprocal tariffs, but it doesn't seem to be very reasonable. We are at the center of the storm. However, if Trump is concerned about his political legacy - and we are aware that he is - or if he cares about the midterm election campaign season starting this fall, then the later part of this rolling recession will provide him and the Fed with more room to adjust policies." (Golden Finance)
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Trump: Tariff Policy is Bringing Back Job Opportunities and Businesses, America Will Win
On April 5th, U.S. President Trump once more offered comments on tariff policy via Truth Social. He stated, "The influence of reciprocal tariff policies on our counterparts is significantly greater than that on the United States. Many countries' retaliatory measures against us are intense and unsustainable. We used to be a foolish and helpless 'punching bag,' but that is no longer the case. We are bringing back job opportunities and businesses at an unprecedented rate. There has been more than five trillion dollars in investment, and it is on the verge of a rapid increase! This is an economic revolution, and we will emerge victorious. Remain steadfast; it won't be straightforward, but the ultimate outcome will be of historic significance. We will make America great once again!!"
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X.me entrusts BKT Solutions to provide cryptocurrency services
On April 5th, as per official information, X.me intends to incorporate digital wallet services in order to offer a more secure encrypted asset storage solution and enhance user service. To achieve this, X.ME has formed a partnership with the cryptocurrency service provider BKT Solutions to make use of its technical support and industry expertise to guarantee the provision of secure and reliable encrypted asset storage services. In the days to come, X.me and BKT Solutions will engage in more in-depth cooperation in the realm of cryptocurrency.
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