Mitsubishi UFJ Financial Group will collaborate with two U.S. companies to develop a stablecoin

Update: On April 7th, based on HTX market data, Bitcoin fell below $78,000 with a 24-hour decline of 6.42%.

On April 7th, based on Coinglass data, the entire network saw a liquidation of $9.06 billion in the past 24 hours. There were $7.73 billion in long liquidations and $1.33 billion in short liquidations.

On April 7th, Peter Navarro, the White House Chief Strategic Advisor, Senior Presidential Advisor, and Tariff Advocate, said, "The primary rule, particularly for small investors, is that one won't lose money unless one sells one's stocks. Currently, the smart approach is to remain calm and not panic. Just hold on because, under Trump's policies, we will witness an unprecedented boom in the stock market." Navarro also claimed that by 2029, the Dow Jones Index will reach 50,000 points. According to market data, as early as February of this year, the Dow was close to 45,000 points. However, since then, with the continuous progress of Trump's series of tariff policies, the Dow has dropped by approximately 6,500 points.

On April 7th, Hong Kong stocks continued to decline. The Hang Seng TECH Index dropped by more than 13%, and the Hang Seng Index fell by 9.9%. Lenovo Group (00992.HK) decreased by nearly 20%. (Jinse)

On April 7th, Goldman Sachs revised its anticipation regarding a Fed rate cut. It holds the view that in the event of an economic recession, the risk of the Fed implementing more accommodative policies becomes higher. Goldman Sachs now anticipates that the Fed will initiate a series of rate cuts in June - earlier than the previously projected July - as part of a precautionary easing cycle. Assuming that the US manages to avoid a recession, the Fed will lower rates by 25 basis points consecutively three times, bringing the federal funds rate to a range of 3.5% - 3.75%. However, Goldman Sachs expects that if the economy does enter a recession, the Fed will adopt a more proactive policy response, cutting rates by approximately 200 basis points next year. Given the enhanced likelihood of an economic recession, the institution's current weighted forecast indicates a total of 130 basis points of rate cuts by 2025, which is higher than the previous 105 basis points. As of the close of last

On April 7th: President Trump signed an executive order regarding the so-called "tariffs in kind" at the White House. He announced that the United States will impose a 10% "minimum benchmark tariff" on its trading partners. Additionally, a personalized and higher "tariff in kind" will be levied on countries with the largest trade deficit with the US. All three major stock indexes saw a decline of more than 5.5%, marking the largest single-day drop since 2000. The Dow plummeted by over 2000 points and entered a correction zone, while the Nasdaq fell into a bear market. In response to Trump's tariffs, many countries have already implemented or announced retaliatory measures. Investors are worried about a US economic recession due to Trump's tariff policy. The total market capitalization of the S&P 500 shrank by about $5.4 trillion in the past two days. Mainstream coins collectively experienced a "dive". Bitcoin witnessed a "rollercoaster" drop from a high of $88,000 and broke below the