US Stock Market Opening Lower, Crypto Stocks Simultaneously Decline

On April 3rd, Morgan Stanley indicated that currently, it is anticipated that the Federal Reserve will not reduce interest rates in 2025. Previously, it was expected that rates would be cut by 25 basis points in June. (Forexify)

Update, April 3rd: U.S. Commerce Secretary Raimondo said, "I don't believe (tariffs) will obtain any exemptions, and the retaliation of other countries against Trump's tariffs will not be of any avail." (FX168)

On April 3rd, the initial jobless claims in the United States during the week ending March 29 were 219,000, which was slightly lower than the anticipated 225,000. (FX678)

On April 3rd, according to Fox News, US Vice President Pence said that Musk would continue to serve as an advisor.

On April 3rd, as per CoinDesk, Itaú Unibanco, Brazil's largest bank, is currently exploring the possibility of issuing its own stablecoin. With regulatory discussions advancing, U.S. financial institutions are also gradually making their way into this field. Guto Antunes, the Head of Digital Assets at Itaú, stated that this decision might be contingent upon the performance of U.S. institutions in launching stablecoins. During an industry event held in S?o Paulo, Antunes pointed out that blockchain-based settlement systems are experiencing rapid development.

On April 3rd, based on HTX market data, the exchange rate between ETH and BTC briefly dropped to 0.02152. Currently, it is trading at 0.02159, with a 24-hour decrease of 2.31% and hitting a new low since June 2020.