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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.
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「1011 Insider Whale」 Over 120,000 ETH Long Position Plunges into Floating Loss

December 11 — Per monitoring from HyperInsight, as Ethereum fell below $3,200, the 5x leveraged long position of the “1011 Insider Whale” (holding 120,094 ETH, ~$383 million) is now in a loss position, currently down $200,000. The position briefly hit a $16.8 million profit yesterday, but the whale has since been continuously adding to the position to lower its average entry price. Its current cost basis stands at $3,177.89.

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Dutch International: Still Expects Fed to Cut Interest Rates Twice in 2026

December 11, 202X – A Dutch international bank said Wednesday that markets expect the Federal Reserve to cut interest rates by another 50 basis points in 2026. Given current economic growth, low unemployment, near-record stock markets, and inflation running closer to 3% than the Fed’s 2% target, the central bank appears to have little need for further policy easing. However, the bank expects the inflation backdrop in coming months to become more supportive of rate cuts, providing additional justification for dovish action. While lingering tariff threats remain, their impact has been less severe and slower to materialize than initially feared—buying extra time to ease inflationary pressures via declining energy prices, slowing housing rent growth, and weaker wage gains. The bank forecasts this will push inflation closer to the Fed’s 2% target faster than the central bank currently anticipates. Additionally, the employment component of the Fed’s dual mandate is a growing concern. N

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Greeks.Live: Limited Upside Momentum for Bull Market Restart

On December 11, Greeks.Live researcher Adam posted on social media that the Federal Reserve (Fed) delivered a 25-basis-point rate cut as expected at its just-concluded policy meeting. The Fed also announced it will resume buying $40 billion in short-term U.S. Treasury bills (T-bills). The dovish stance effectively boosts financial system liquidity, a clear positive for markets. However, it’s premature to call for a bull market restart via QE. With Christmas and year-end settlements on the horizon, this period has historically been the crypto market’s lowest-liquidity stretch, marked by muted activity. Momentum for a bull market comeback remains very limited. Looking at crypto options data: Over 50% of open interest is stacked at late December (month-end). BTC’s biggest pain point sits at the $100k round number, while ETH’s is at $3200. Front-month implied volatility (IV) is trending lower this month, with market volatility expectations fading. In summary, the crypto market is

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Whale 'pension-usdt.eth' Liquidates BTC Long Position at the Peak, Realizing $23 Million Profit in 30 Days

December 11th Per Coinbob’s popular address monitor, a whale labeled “pension-usdt.eth” fully closed its 2x leveraged BTC long position at 4 a.m. today. The whale liquidated a position worth over $64 million in a short period, netting a modest profit of roughly $560,000. Additionally, over the past seven days, it has earned $7.12 million from two short and three long positions. Monitoring also shows the address frequently conducts short-term swing trading: it opens large, low-leverage positions in BTC and ETH, holding them for an average of around 20 hours. In the last 30 days, the whale has generated profits exceeding $23 million.

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If Bitcoin falls below $88,000, the mainstream CEX long liquidation pressure will reach $489 million.

Dec 11: Data from Coinglass shows Bitcoin’s cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $489 million if it drops below $88,000. On the flip side, if Bitcoin breaks above $92,000, cumulative short liquidation intensity on leading CEXs will reach $558 million. BlockBeats Note: Liquidation charts don’t accurately show the number of contracts pending liquidation or the exact value of liquidated contracts. The bars reflect how important each liquidation cluster is compared to nearby ones—i.e., intensity. Thus, the chart illustrates how much an underlying asset’s price will be impacted when it hits a specific level. A taller “liquidation bar” means the price, once reached, will see a more intense reaction from a liquidity cascade.

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Bitcoin Drops Below $90,000

On December 11th, per HTX market data, Bitcoin has fallen below $90,000, currently trading at $89,958—down 2.79% over the past 24 hours.

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