The current mainstream CEX and DEX funding rates have intensified the market's bearish sentiment.

On April 9th, based on market data, spot gold rose above $3,080 per ounce, rebounding by $110 from the daily low and rising by 3.28% intraday. (Oriental Fortune Network)

On April 9th, Kashkari from the Federal Reserve stated that when considering the impact of tariffs on inflation, even if the economy begins to deteriorate, the Fed is unlikely to cut interest rates in the face of tariffs. Kashkari pointed out that Trump's tariffs are "much higher than anticipated and have a much broader scope." He expects these tariffs to reduce investment and economic growth and, "at least in the short term," to push up inflation. Kashkari wrote: "The barrier to making rate changes due to tariffs has grown. Given the significance of maintaining stable long-term inflation expectations and the potential for tariffs to boost near-term inflation, even with a weak economy and a possible increase in the unemployment rate, the threshold for rate cuts has also risen." He noted that recent inflation expectations indicators have started to rise. Due to the high inflation experienced in the United States in recent years, the Fed may not be able to ignore any tariff-driven pri

On April 9th, based on HTX market data, Bitcoin rebounded and exceeded $78,000. It is currently trading at $77,982. Ethereum briefly went above $1,500 and is currently trading at $1,488.

On April 9th, Matt Hougan, the CIO of Bitwise, posted on social media that the current annualized borrowing rate for USDT on the Aave platform has decreased to approximately 3.2%. This data reflects the significant drop in lending rates since the presidential election. In his opinion, this suggests that the market is at or near the bottom.

On April 9th, the former ENS COO brantly.eth posted on social media that the Ethereum researcher Virgil Griffith has been set free. He will spend a few weeks at a halfway house before being granted parole. Despite having work restrictions, he has been released from prison.

On April 9th, according to GMGN market data, the market capitalization of the Musk-themed Meme coin RFC briefly reached over $80 million. Currently, it is reported at $76.07 million, with a 24-hour increase of 77.91% and a 24-hour trading volume of $35.8 million. BlockBeats Note: Meme coins are highly volatile and rely heavily on market sentiment and hype, with no real value or use case. Investors should be aware of the risks involved.