Justin Sun: This FUD is only targeting FDT and not Binance

On April 3rd, following a significant drop in global stock markets starting from Japan and spreading to Europe, the U.S. stock market also joined the plunge. The S&P 500 re-entered the correction range, erasing nearly $2 trillion in market value and marking the largest (single-day) decline since September 2022. Fitch Ratings cautioned that tariffs serve as a "game-changer" for the global economy. Meanwhile, Deutsche Bank described this as a "once-in-a-lifetime" event that could easily cause the U.S. economic growth rate to drop by 1% to 1.5% this year. Doug Ramsey, the Chief Investment Officer of the Leuthold Group, stated that he wouldn't claim that a recession is certain. However, the greater the pullback, the higher the probability of a recession. The current market decline is the first stage of a new bear market rather than just a retracement. (FXStreet)

On April 3rd, the FOX Business reporter Eleanor Terrett said that Paul Atkins, the nominee for the Chairman of the U.S. Securities and Exchange Commission (SEC), had been approved by the vote of the U.S. Senate Banking Committee. Subsequently, his nomination will be forwarded to the full Senate for a vote.

On April 3rd, as per CoinDesk, Ethereum developers set the highly awaited target date of the Pectra upgrade for May 7th on Thursday. This officially began the countdown to the largest overhaul since March 2024. The Pectra upgrade includes a series of improvements intended to enhance the Ethereum user experience and efficiency. One of the key upgrades is to incorporate "Smart Contract" functionality into wallets, making them more user-friendly and recoverable.

On April 3rd, U.S. President Trump, in his first remarks after announcing retaliatory tariffs, declared, "It is over! The 'patient' is alive and in good health, on the road to recovery. The anticipation is that the 'patient' (the United States) will be stronger, larger, better, and more resilient than ever before. Let America be great again!!" (Xinhua)

On April 3rd, traders have already factored in the Federal Reserve's anticipated rate cut in June, which was previously expected to be in July. (FXStreet)

On April 3rd, based on market data, the US stock market continued to decline. The S&P 500 index fell by 4%.