Lookonchain APP

App Store

German Bank: U.S. Tariffs Will Raise Inflation and Drag Down Economy

3 hours ago

On March 4th, the economists at the German bank, Bernd Weidensteiner and Christoph Balz, stated that President Trump's tariff measures might not only drive up U.S. inflation but also increasingly pose a risk to economic growth. In a report, the economists stated that consumer confidence has been under pressure recently, and the latest tariff measures are unlikely to bring much relief. Indicators such as the price component of the Purchasing Managers' Index show a significant rise in commodity prices once again. In 2024, Mexico and Canada accounted for 28% of U.S. goods imports, and China accounted for 13.4%. This means that 41.5% of U.S. imports are significantly affected by the tariff increase. They further added: "This will have an impact on prices." (Golden Finance)
Relevant content

Analysis: XRP, ADA, and SOL Could Be Trump Cards to Ensure Bitcoin and Ethereum Strategic Reserves

On March 4th, as per Coindesk, "Asked for 1000, finally settled for 500." This constitutes a classic tactic in real estate negotiation. It involves starting with an extremely high asking price to gain an upper hand over the negotiating party and eventually reaching a deal at a lower price, which was the intended target. Former real estate tycoon and current U.S. President Trump appears to be employing a similar strategy to ensure the realization of his promised strategic cryptocurrency reserve, which includes Bitcoin and potentially Ethereum. Some observers think that bringing up alternative coins seems to be an extreme asking price approach aimed at overpowering the opposition (Congress) and creating leverage during discussions about the strategic cryptocurrency reserve. Eilan Sollet, the Senior Global Market Strategist at Marex Solutions, stated that "This statement may just be Trump's typical negotiation strategy. By advocating for the establishment of a strategic reserve includin

16 minutes ago

NVIDIA's pre-market stock price plunges, down about 2%

On March 4th, the stock of NVIDIA (NVDA.O) saw a significant plunge in pre-market trading, with a decline of approximately 2%. (According to Wall Street News.)

16 minutes ago

Tako Chat Flash Interview with Du Jun and Mable Jiang will start at 10:00 on March 7th.

On March 4th, Tako Official is scheduled to conduct a flash interview with Du Jun on March 7, 2025 (this Friday) from 10:00 to 18:00 in Beijing time on the Tako platform. The specific "Circle" where the interview will take place is "Web3 People's Stories." The interview will mainly focus on but not be restricted to Du Jun's original intention for initiating donation activities, the types of teams the incubator hopes to support, and the legacy he desires to leave in the crypto world. Tako sincerely extends an invitation to Tako community users and Du Jun fans to use the ZK anonymous feature on the Tako platform to pose questions. The deadline for submitting questions is set at 6:00 PM on March 6, 2025. The AMA host will select 8 community questions based solely on the quality of the questions and share a prize pool of 1000U. Questions can still be submitted after the deadline, but they will not be eligible for rewards. Perhaps your anonymous question has the potential to inspire hundre

16 minutes ago

KiloEx will conduct its TGE on March 17th

On March 4th, KiloEx, a perpetual contract DEX funded by YZi Labs, officially issued a tweet announcing that its TGE (Token Generation Event) will be held on March 17th.

16 minutes ago

The probability of the Fed keeping interest rates unchanged in March has decreased to 89%.

On March 4th, according to CME's "FedWatch Tool": The likelihood of the Fed keeping interest rates unchanged in March has decreased to 89%, while the probability of a 25-basis-point rate cut has increased to 11%.

16 minutes ago

Traders Increase Fed Rate Cut Bet, Market Fully Prices in Three Cuts by 2025

On March 4th, traders have increased their wagers on a Fed rate cut. The market is now fully anticipating three rate cuts by 2025. (FXStreet)

16 minutes ago