A Whale Address's $23 Million Loan Position Faces Liquidation

On April 9th, former US Treasury Secretary Summers posted on social media: "The developments over the past 24 hours indicate that we might be on the brink of a significant financial crisis that is entirely the result of the US government's own actions through tariffs. Given the magnitude of government debt, the deficit, and the dependence on foreign buyers, this could trigger numerous vicious cycles. The only way to reduce these risks is for President Trump to abandon the path he is currently on. This represents the first round of financial unrest brought about by the US government."

On April 9th, market data indicates that spot gold surged to $3060 per ounce, with an intraday increase of 2.60%. New York gold futures rose significantly by 3.00% intraday and are currently trading at $3080.00 per ounce. (via Golden Finance)

On April 9th, according to official information, Bitget will list Babylon (BABY) in its Innovation Zone and DeFi Zone. The deposit channel is currently open, and the trading channel will open at 18:00 (UTC+8) on April 10th.

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)