Lookonchain APP

App Store

CBS: U.S. Treasury Secretary and Trump Once Had Heated Debate on Tariff Policy

2025.04.16 12:40:33

On April 16th, CBS News, citing multiple sources, stated that although the White House has been attempting to claim that Trump administration officials have been unified on U.S. tariff policy, internal differences over the policy had emerged weeks prior to Trump signing the so-called "reciprocal tariff" executive order on April 2nd. A senior Trump adviser was reported to have warned in private conversations that some tariff proposals could have a catastrophic impact on global financial markets and send the U.S. economy into a downward spiral. CBS reported that U.S. Treasury Secretary Scott Bennett and Trump's trade and manufacturing policy adviser Peter Navarro had a confrontation in late March in the office of White House Chief of Staff Susan Wells. According to multiple sources, Navarro advocated for a uniform 25% tariff on $3 trillion worth of imported goods, while Bennett, a former Wall Street investor, warned that this move would trigger market turmoil and outlined various risk scenarios. The report said that there was constantly heated rhetoric being exchanged.
Relevant content

Bitget’s trading bot now supports smart position functionality for US stock tokens (rToken)

According to an official announcement, Bitget’s trading bots now support smart positions for US stock tokens (rTokens), with multiple recommended portfolios launched simultaneously—including holdings of the US Mag 10 (top 10 US tech giants), renowned retail stock trader Serenity, and Elon Musk-themed concepts. The feature enables users to copy positions with one click and manage their portfolios automatically. Users can access the "Trading Bot" section, select "Smart Positions", pick a desired portfolio from the recommended list, input their investment amount to complete position setup. Alternatively, they can create custom positions manually by configuring supported stock rTokens and cryptocurrencies, setting target allocations for each asset and rebalancing conditions, then finalize the creation. App users need to update to the latest version to access this feature. rTokens, identified by the prefix "r" plus the stock ticker (e.g., NVIDIA’s rNVDA), are issued by Reality, Bitget’s licensed Real World Asset (RWA) protocol. Via a partnership with regulated brokerage Alpaca, the tokens connect directly to global liquidity pools including the Nasdaq and New York Stock Exchange. Key features include: 1:1 reserve backing for underlying assets held by licensed custodians; stock dividends distributed 1:1 in token form; support for corporate actions (such as stock splits and consolidations) with real-time mapping; and positions can be used as combined margin for unified accounts and USDT-denominated contracts, allowing users to flexibly manage their funds while holding global stock assets.

10 minutes ago

edgeX initiates V2 version migration, and in partnership with USDC and Gauntlet, rolls out a time-limited incentive program with a 50 million USDC allocation.

edgeX officially announces the launch of its V1 to V2 version migration. Once the migration is complete, users will be able to use native USDC to participate in the new USDC Rewards Vault incentive program. The program is jointly launched by edgeX, the USDC ecosystem, and on-chain risk management firm Gauntlet, with a total reward cap of 50 million USDC. During the event, users depositing USDC can earn a maximum combined annual return of approximately 7%, broken down into: a 4% annual USDC yield, plus an additional 3% annual EDGE reward. This migration will further advance edgeX’s upgrade to a native USDC settlement system, delivering a more stable and efficient capital usage experience for users. The event is time-limited and will close once the deposit cap is reached.

10 minutes ago

Binance will delist CYBER/USDC and other trading pairs from its leveraged trading platform on July 24, 2026.

According to an official announcement, Binance Leverage will delist multiple trading pairs at 06:00 UTC on July 24, 2026. The affected pairs include cross-margin trading pairs CYBER/USDC, DOLO/USDC, PIXEL/USDC, STEEM/USDC, and isolated-margin trading pairs DOLO/USDC, PIXEL/USDC, STEEM/USDC. Binance will suspend lending for the aforementioned isolated-margin trading pairs starting at 06:00 UTC on July 21, 2026. At 06:00 UTC on July 24, 2026, the exchange will close user positions, automatically settle trades, and cancel all open orders. Users are advised to close positions in advance or transfer assets to their spot accounts to avoid potential losses.

10 minutes ago

The 'hacker' who drained the Bonk treasury via a governance proposal has deposited the final 1.17 million USD worth of BONK into Coinbase.

According to monitoring by crypto platform Yu Jian, the "hacker" who drained 4.426 trillion BONK from the Bonk treasury via a governance proposal has completed liquidation. Thirty minutes ago, his final holding of 400 billion BONK (valued at $1.17 million) was deposited into Coinbase. All 4.426 trillion BONK he siphoned from the Bonk treasury 13 days ago have now been transferred to centralized exchanges (CEXs). His recent selling activity has pushed BONK’s price down by 40%. The tokens were worth $21.2 million when he first obtained them; after selling amid the price drop over the past days, his total realized proceeds are approximately $13.58 million.

10 minutes ago

Samsung is expanding its collaboration with NVIDIA, with the latter’s Rubin CMX having storage requirements comparable to those of Apple Inc.

According to Citrini analyst Jukan, Samsung is expanding its NAND flash partnership with Nvidia, adding V9 NAND supply to their existing collaborations in DRAM, HBM, and foundry services. The two have also launched mass production of V10 NAND and are accelerating development of 500-layer V11. Fueled by surging demand for AI server KV cache and Nvidia’s CMX storage system—which integrates 576 SSDs and offers 9600TB of capacity—Samsung is rapidly shifting its V-NAND production capacity to prioritize V9, with plans to sharply ramp output. “Nvidia’s Rubin CMX will absorb NAND supply like a sponge. For context, it’s roughly equivalent to adding another Apple-sized demand source to the NAND market,” Jukan noted. Additionally, Samsung is adopting molybdenum material innovations in V10 to boost density, and Samsung Executive Chairman Lee Jae-yong is set to meet Nvidia CEO Jensen Huang to discuss deepening cooperation in HBM, NAND supply, and South Korean data center projects.

10 minutes ago

Tom Lee: Margin debt balance on U.S. stock markets has posted a rare surge in 60 years, with the previous five such market occurrences all leading to a six-month consolidation period.

Over the weekend, Tom Lee told CNBC in an interview that U.S. margin debt has risen 54% year-over-year, marking the sixth-largest increase in the past 60 years. “A cohort of traders borrowing money to buy stocks has flooded into the market, and history shows the market will react accordingly: the South Korean stock market offers a case in point, where 1.2 million brokerage accounts faced margin calls, potentially accounting for 10% of all adult investor accounts,” Lee noted. He added that in U.S. stock market history, the prior five surges in margin balances were typically followed by a six-month market consolidation.

10 minutes ago