Bitcoin Drops Below $75,000

On April 10th, based on HTX market data, Bitcoin witnessed a short-term pullback and dropped below $82,000. Currently, it is trading at $82,043.

On April 10th, Avalon Labs made an announcement regarding the official launch of an institutional-grade Bitcoin overcollateralized lending product. This product offers secure, transparent, and efficient on-chain lending services to institutional Bitcoin holders. The product employs an overcollateralization mechanism and supports BTC as the collateral asset. Institutional users can obtain stable lending interest rates while having the flexibility to choose open-ended loan terms. Currently, Avalon Labs has partnered with several renowned industry institutions to facilitate access, and the first batch of partners is scheduled to launch shortly. In the future, the platform will further open up customized lending models to meet the risk management and asset allocation needs of institutions of various scales. As the world's largest Bitcoin-backed stablecoin issuance platform, Avalon Labs' ecosystem products encompass stablecoins, lending protocols, credit, and payment, among other domains.

On April 10th, according to data from SoSoValue, Trump announced the suspension of tariffs on multiple countries and a reduction in tax rates. In response to this news, the crypto market rebounded across the board. In the past 24 hours, the crypto sector saw a universal increase of about 4% to 15%. Among them, the AI sector led the gains with a 15.82% increase. Bittensor (TAO), Fetch.ai (FET), and Render (RENDER) saw increases of 15.52%, 15.79%, and 16.71% respectively in the past 24 hours. Additionally, Ethereum (ETH) rose by 13.77% and broke through the $1600 mark. Bitcoin (BTC) rose by 7.94% and briefly surpassed $83,000. It is worth noting that MAG7.ssi rose by 11.24%, DEFI.ssi by 15.92%, and MEME.ssi by 13.44%. In terms of other sector performances, the DeFi sector rose by 12.43% in the past 24 hours, with Ondo Finance (ONDO) rising by 23.87%. The PayFi sector rose by 12.26%, with XRP rising by 14.13% within the sector. The Meme sector rose by 11.87%, with Dogecoin (DOGE) rising

On April 10th, President Trump of the United States announced that he would raise tariffs against retaliating countries directly from the current rate to 125%, with immediate effect. At the same time, a 90-day tariff suspension would be implemented for countries or regions that did not take retaliatory actions, with only a 10% basic tariff remaining. This "shock and awe" tariff storm unexpectedly led to a surge in the cryptocurrency market: according to BiyaPay market data, Bitcoin surged by nearly 8% within 24 hours after the announcement, reaching a peak price above $83,000, and is now trading at $82,510. Crypto analysts pointed out that if the tariff suspension continues, Bitcoin may see a new round of institutional fund inflows, but caution is needed against the fluctuation risks brought about by policy reversals. Trump's tariff suspension has changed from the "tariff club" to a "policy reversal", and the financial market has responded with a surge. Behind this celebration lies a

On April 10th, according to an announcement by Huobi HTX, Huobi HTX initiated the deposit service for KERNEL at 10:00 (GMT+8) on April 10th. The KERNEL/USDT spot trading will be made available on April 14th once the deposit volume meets the market trading demand.

On April 10, according to official channels, Stables Labs has entered into a partnership with squid. This partnership enables the cross-chain transfer of USDX and sUSDX on the Arbitrum, BNB Chain, and Ethereum networks by leveraging Axelar ITS (Interchain Token Service) technology.