Crypto Fear & Greed Index Dropped to 23, Signaling "Extreme Fear" in the Market

On April 9th, European stocks continued to decline. The DAX index in Germany fell by up to 4%, the CAC40 index in France dropped by 4.1%, and the Europe Stoxx 600 index decreased by 4.2%. (FX168)

On April 9th: Former US Treasury Secretary Summers remarked that the US might be on the verge of a "severe financial crisis." (FX168)

On April 9th, the Customs Tariff Commission of the State Council of China announced that it would adjust the additional tariff rates on imported goods originating from the United States as stipulated in the "Announcement of the Customs Tariff Commission of the State Council on Imposing Additional Tariffs on Imported Goods from the United States", raising the tariff rate from 34% to 84%. (Golden Ten)

On April 9th: Following the announcement of the retaliatory tariff measures by China's Ministry of Commerce, U.S. stock futures witnessed a significant intraday decline. Dow futures dropped by more than 1.8%, S&P 500 futures decreased by 1.7%, and Nasdaq futures fell by 1.65%. Earlier, a spokesperson for China's Ministry of Commerce announced today that China has filed a lawsuit against the U.S. under the WTO dispute settlement mechanism regarding the latest U.S. tariff escalation measures. The U.S.'s so-called "counter-tariffs" blatantly violate WTO rules. The additional 50% tariff imposed this time only compounds the mistake and highlights the unilateralist nature of the U.S.'s actions. China will firmly safeguard its legitimate rights and interests in accordance with WTO rules and steadfastly uphold the multilateral trading system and the international economic order. (FX168)

On April 9th, Arthur Hayes, the co-founder of BitMEX, put up a message saying, "If the U.S. Treasury Department makes a decision to cancel the upcoming auctions of 10-year and 30-year Treasury bonds, it is a covert act of money printing because it will instead draw down the TGA (Treasury General Account). This is a simple interim measure that can assist in calming the chaos before the 'coward' Powell fulfills his duty." Arthur Hayes's tweet contained a summary of a Bloomberg article titled "Bond 'Fire Sale' Drives Global Long-Term Yields Higher." In this article, it was mentioned that the 30-year U.S. Treasury bond yield recently exceeded 5%, marking the largest sell-off since 2020. The yield rose by approximately 40 basis points over the past three trading days, resulting in a global increase in bond yields. Furthermore, Hayes's tweet had a sarcastic tone as it criticized Federal Reserve Chair Powell for potentially turning to loose monetary policy under pressure.

On April 9th, as per the monitoring of lookonchain, a whale holding 1.32 million SOL (valued at $192 million) sold 100,000 SOL (amounting to $10.7 million) within the past 1 hour. 15 days prior to this, this whale unstaked 1.32 million SOL, deposited 1.2 million SOL into Kamino, and borrowed 20 million USDC. This transaction is likely to be the act of selling SOL to repay the loan.