US Adjusts Steel, Aluminum, and Copper Tariffs: Exempt for Low Content, Value-based for High Content
**April 3 (Local Time) – President Donald Trump signed a statement Thursday adjusting U.S. national security tariffs on steel, aluminum, and copper imports. The changes aim to:
- Lower tariff rates on metal-derived products
- Simplify the import declaration process
- Curb misdeclaration of import values
The statement notes the U.S. will retain a 50% tariff on bulk steel, aluminum, and copper—but this rate applies to the price U.S. consumers pay. Other key updates:
- Eliminate the 50% tariff on derivative products of these metals if their metal content (by weight) is below 15%
- Remove Section 232 tariffs on products with very low metal content
U.S. officials say the changes won’t have a significant economic impact compared to the prior tariff system. However, levying the 50% tariff on the total sales value of bulk metals may generate additional revenue.
(Source: Jinse)**
5 minutes ago
Crypto Market Holds Low-Level Oscillation, US Stocks Close Down, Crypto-Related Stocks Experience Widespread Declines, Bitcoin Sees Short-Term Rebound Break Above $67,000
As of April 3, per HTX market data, the crypto market has been trading in a narrow low-range oscillation. Bitcoin briefly rebounded this morning, topping $67,000, and now trades at $66,800—down 1.8% over the past 24 hours. Ethereum currently sits at $2,055, a 4.02% 24-hour drop. The total crypto market cap has fallen 1.3% in 24 hours, now at $2.394 trillion. SOL is priced at $79, BNB at $583.
### Top-Performing Altcoins (24h)
- CTSI: +67.6% → $0.0037
- SOLV: +47.8% → $0.0057
- NOM: +36.7% → $0.0083
- FIDA: +26.2% → $0.0019
- SYN: +21.7% → $0.0058
### Biggest Altcoin Losers (24h)
- STO: -49.3% → $0.226
- BANK: -46.4% → $0.03
- D: -40.2% → $0.0083
- KITE: -16.4% → $0.129
- BLUR: -14.3% → $0.0197
### U.S. Stock Update (per Bitget data)
- Dow Jones: Initially down 0.13%
- S&P 500: Up 0.1%
- Nasdaq: Up 0.18%
Crypto-related U.S. stocks saw broad declines:
- MicroStrategy (MSTR): -2.4%
- Coinbase (COIN): -0.88%
- Circle (CRCL): -0.55%
- BitMine Im
5 minutes ago
SpaceX's First IPO Sprint Aims for $2 Trillion Valuation, Surpassing Meta and Tesla
April 3rd: Bloomberg reported Tuesday that SpaceX has raised its initial public offering (IPO) valuation target to over $2 trillion, according to people familiar with the matter. The company and its advisors are sharing this target with potential investors and gearing up for meetings in the coming weeks, with its roadshow presentation expected to include additional details to support the valuation.
After acquiring xAI—another firm under Elon Musk’s umbrella—SpaceX’s post-merger valuation hit $1.25 trillion. At a $2 trillion valuation, SpaceX would outpace all S&P 500 companies except NVIDIA, Apple, Alphabet (Google’s parent), Microsoft, and Amazon. It would also exceed two members of the U.S. stock market’s “Big Seven”: Meta and Musk’s own Tesla.
5 minutes ago
Brent Crude Oil Futures Surge Above $140 per Barrel, Hitting a New High Since 2008
April 3: Spot Brent crude — the North Sea’s physical oil delivery benchmark — topped $140 per barrel, hitting its highest level since 2008.
Per S&P Global Platts, North Sea-delivery Brent crude reached $141.37/bbl, marking the highest price since 2008.
The Strait of Hormuz has been closed for over a month, triggering the largest oil supply disruption in market history, according to the International Energy Agency (IEA).
The strait handles roughly one-fifth of global oil shipments, and refineries have been scrambling for available supplies in recent weeks.
Spot Brent was just below $128/bbl one day earlier, and current prices now surpass the peak seen during the 2022 Russia-Ukraine conflict.
While benchmark Brent crude futures remain below that peak, spot Brent reflects the price of oil traded over a shorter time horizon. (FXStreet)
5 minutes ago
Hyperliquid continues to capture CEX market share, with the perpetual contract market share approaching 6%.
April 3rd
According to The Block, decentralized perpetual contract platform Hyperliquid is gaining market share from centralized exchanges.
In March, its share of total perpetual contract trading volume rose to nearly 6%—up sharply from ~3.5% a year ago—with monthly volume approaching $200 billion.
Notably, this growth comes amid an overall decline in exchange trading volumes since the August 2025 peak, meaning Hyperliquid is actually capturing share rather than just riding a broader market surge. Among on-chain rivals, dYdX and GMX have failed to match Hyperliquid’s volume growth or product expansion, with the platform now clearly leading the decentralized perpetual contract space.
A key structural driver behind the trend is Hyperliquid’s expansion into non-crypto assets. Commodities like oil are now tradable 24/7 on the platform, and non-crypto asset trading volume’s share of total activity is steadily rising. This underscores decentralized platforms’ structural edge over
5 minutes ago
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