Musk's Wealth Shrinks to Less Than $300 Billion

On April 8th, according to official channels, MEXC has initiated the KernelDAO (KERNEL) Airdrop+ event with a total prize pool of 135,000 USDT. Event Duration: From April 8, 2025, at 15:00 to April 18, 2025, at 18:00 (UTC+8). It is reported that MEXC will list KernelDAO (KERNEL) on the Innovation Zone on April 14, 2025, at 20:00 (UTC+8) and open the KERNEL/USDT trading market on the same day. At 20:20 (UTC+8) on the same day, the KERNEL/USDC trading market will be opened. At 21:00 (UTC+8), the KERNEL swap function will be launched, enabling users to seamlessly and instantaneously exchange KERNEL with other assets.

On April 8th: The CEO of BlackRock stated that the majority of entrepreneurs hold the view that the U.S. economy "may have already entered a recession." The tariff policy of the Trump administration is anticipated to exert upward pressure on inflation and may impede the Federal Reserve from cutting interest rates. Fink even predicted that the market could plunge by as much as 20% in the upcoming months. However, he believes that the current level may present a "long-term buying opportunity." Bitunix analyst's recommendation: The majority of investment banks' pessimistic assessment of the economic outlook, along with the imminent high tariffs, is driving the market's risk aversion sentiment. Despite the increased macro risks, BTC has shown a rebound after stabilizing at the 75K level, suggesting some capital inflow. If it can hold above 78.5K, it is expected to further test the 83K resistance; if it fails, it may retreat to the 74K - 73K range.

On April 8th, Han Lin, the founder and CEO of Gate.io, stated in an interview with CoinTelegraph that the tariff policy mainly depends on economic and trade strategic considerations. Although it has led to short-term market fluctuations, in the long run, the technological innovation in the industry and its wide application at all levels will continue to drive the development of the industry. He pointed out that in the current global economic environment, the crypto industry will show stronger adaptability and growth potential. This policy direction can also be regarded as an opportunity for industry upgrading. In addition, he mentioned that his positive expectations for the long-term development of the industry remain unchanged, and in the future, crypto assets will play an important role in the global financial system.

On April 8th, as per Cointelegraph, the Canadian publicly traded company Sol Strategies increased its holdings of SOL by 24,000 in March. The value of these holdings is approximately $3.34 million, with an average purchase price of $139 per SOL. The company's total holdings of SOL have now reached 267,151 coins.

On April 8th, according to HTX market data, Bitcoin dropped below $79,000 and is currently trading at $78,967, with a 24-hour price fluctuation of 3.2%.

On April 8th, based on market information, in the pre-market trading of the US stock market, the S&P 500 index increased by 1.54% and the Nasdaq rose by 1.42%. Cryptocurrency stocks witnessed a general upward trend, and US tech stocks began to rebound: Coinbase (COIN) went up by 1.4%; Tesla (TSLA) rose by 1.53%; MicroStrategy (MSTR) increased by 1.01%; MARA Holdings (MARA) rose by 1.87%; Riot Blockchain (RIOT) rose by 1.97%. US Tech Stocks: Microsoft (MSFT) rose by 1.38%; Apple (AAPL) rose by 1.07%; Google (GOOG) rose by 1.27%; Nvidia (NVDA) rose by 2.37%; Meta Platforms (META) rose by 1.26%; Amazon (AMZN) rose by 2.19%.