FORM down nearly 10% in the last 24 hours, currently trading at $1.8927

On April 9th, the spread between the 2-year and 10-year U.S. Treasury bond yields expanded to 48 basis points, reaching the steepest level since May 2022. (Wall Street CN)

On April 9th, U.S. short-term interest rate futures traders enhanced their wagers, with the belief that the Federal Reserve might start cutting rates as early as May. (Xinhua Finance)

On April 9th, the US stock market kept falling. The S&P 500 Index and the Nasdaq completely wiped out the gains that had earlier exceeded 4%. Meanwhile, the gain of the Dow narrowed to 0.20%.

On April 9th, the U.S. Department of Justice issued an official statement concerning cryptocurrency law. It was stated that developers would not be held responsible, while those who misused code for criminal activities would be held accountable. This clearly indicated that developers are not liable for the use of their code by criminals, and law enforcement would direct its attention to actual criminal acts such as fraud and terrorism financing. The memo placed emphasis on protecting the rights of legitimate blockchain users and businesses, supported fair access to banking services, and reduced enforcement actions against cryptocurrency exchanges and mixing services. This move might suggest that the Trump administration is further relaxing restrictions on the cryptocurrency industry, infusing new vitality into the industry.

On April 9th, based on HTX market data, Bitcoin dropped below $77,000, experiencing a 24-hour decline of 1.51%.

On April 9th, as reported by FOX BUSINESS, the White House Press Secretary announced that the 104% additional tariff on China came into effect at noon Eastern Time. The 104% additional tariff will be imposed starting from the following day, April 9th.