Dow Jones Index Plunges Over 1400 Points, Trump's Old Tweets Resurface and Spark Market Doubts

On April 4th, Jason Hedman, the founder of Hive AI (BUZZ), posted on social media, expressing his sincere gratitude to the community for the support and passion they have shown him. He announced that he will be transferring the ownership of the project to @prismoonprismo (with 3,014 followers on Twitter), who will lead the long-term development of the project. He is looking forward to seeing the new leader's vision and leadership drive the project forward. According to GMGN data, the news has not led to a significant price change in BUZZ at present. The token has been continuously declining since its market capitalization exceeded $180 million on January 22nd. It has experienced a cumulative drop of over 95%, with the current market capitalization at $8.2 million and a 24-hour trading volume of only $562,000.

On April 4th, spot gold fell by 1.00% during the trading day and is now trading at $3082.16 per ounce. Spot silver also fell by 2% during the trading day and is currently at $31.14 per ounce. (Golden Ten)

On April 4th, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the cryptocurrency market is currently in a comprehensive bearish state. The specific funding rates for mainstream coins are presented in the attached image. BlockBeats Note: The funding rate is a rate set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a fund exchange mechanism between long and short traders. The exchange platform does not take this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

On April 4th, according to HTX market data, Bitcoin witnessed a rebound and briefly surpassed $84,000. It is currently trading at $83,953.

On April 4th, according to a report from CryptoQuant, prior to Trump's speech, investors transferred a greater amount of Bitcoin, ETH, and XRP to exchanges, suggesting an elevated selling pressure. In the hours following Trump's speech, the single-block transaction volume of Bitcoin also witnessed a significant surge. In the U.S., the deposits of Bitcoin on Coinbase also increased, especially from large holders. Similarly, the amount of ETH flowing into exchanges reached its peak at around 80,000 ETH within 1 hour. The amount of XRP transferred to Binance surged to 130 million within 1 hour, while for the majority of the previous day, it was less than 10 million XRP per hour. CryptoQuant pointed out that the increase in exchange inflows reflects investors' willingness to close positions in the face of increased economic uncertainty. Traders are unwinding their long positions to take profits, resulting in a decreased demand for Bitcoin and ETH in the perpetual futures market. However,

On April 4th, according to official channels, Upbit has included Filecoin (FIL) in KRW trading pairs.