Bill Ackman Calls for a 30, 60, or 90-Day Tariff Pause Before Tomorrow

On April 17th, as monitored by LookOnChain, Galaxy Digital has made deposits of 49,681 ETH (valued at $79.37 million) to Binance and Coinbase within the past 5 days.

On April 17th, according to GMGN market data, the market value of Base, a new meme coin within the Base ecosystem that has the slogan "Base is for everyone," has exceeded $20 million and currently stands at $20.56 million, indicating a 150% increase in the past 6 hours. The 24-hour trading volume has reached $26.3 million. Earlier, the official Base team made a post at 3:12 am today with the message "Base is for everyone," stating that they had minted related tokens on Zora. However, the minting of the similarly named meme coin on the Base network took place before the official Base announcement, and there were three wallet addresses that heavily bought in before the Base post and then dumped their holdings, resulting in the coin price plummeting by over 95% at one point. BlockBeats Note: Meme coins are highly volatile and are often driven by market sentiment and hype surrounding a concept, without having any real value or use case. Investors should be aware of the risks involved.

On April 17th, a16z co-founder Shaw elaborated in a post regarding his "purchase of the FUN token on pump.fun": "Currently, there is no officially launched auto.fun token, and there is no relevant plan either. The purchased token is merely for the purpose of hype. I will be sending my supply to the DAO, and I think we will hold onto it. You are free to appoint it as the CTO or do whatever you like."

On April 17th: While delivering a speech at the Chicago Council on Global Affairs, Federal Reserve Chairman Powell issued a warning that the high tariffs imposed by the Trump administration could potentially lead to an increase in inflation and a slowdown in economic growth, obliging the Fed to face a "gatekeeper-style" difficult choice between suppressing prices and maintaining jobs. Bitunix analyst's suggestion: Chairman Powell's hawkish warning has triggered the market to reevaluate expectations regarding rate cuts, exerting pressure on various risk assets in the short term. BTC must break through the crucial resistance level of $86.5-88K in order to avoid reversing the upward trend. Investors should strictly adhere to risk management strategies and stay attuned to changes in macro policies and market sentiment.

On April 17th, Richard Teng, the CEO of Binance, told the Financial Times that under the leadership of President Trump, the United States has adopted a more crypto-friendly attitude. This includes plans to set up a digital asset regulatory framework and national reserves, which is prompting other countries to take similar measures. Binance has been in communication with many countries and hopes to assist them in formulating cryptocurrency regulatory frameworks. However, he declined to disclose the list of collaborating countries. Richard Teng stated that Binance is currently helping some countries establish national strategic digital asset reserves. Nearly a quarter of Binance's 6,000 employees are engaged in compliance work and will continue to make significant investments in this area. Earlier this month, both Pakistan and Kyrgyzstan announced that Binance founder CZ has started to provide them with advice on developing crypto regulations and using blockchain technology.

On April 17th, the net outflows from the US Bitcoin spot ETF yesterday were $171 million, including:
BlackRock IBIT: +$30.6 million Fidelity FBTC: -$113.8 million Bitwise BITB: +$12.8 million ARK ARKB: -$113.2 million ProShares BTCO: +$6.7 million VanEck HODL: +$2.4 million Grayscale BTC Mini: +$3.4 million