Crypto Morning Brief: Trump threatens 50% tariffs on China, $76,500 seen as key BTC support level
TechFlow Selected TechFlow Selected
Crypto Morning Brief: Trump threatens 50% tariffs on China, $76,500 seen as key BTC support level
The U.S. SEC releases agenda for cryptocurrency regulatory roundtable meeting on April 11.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
Trump: If China does not cancel its 34% additional tariffs, the U.S. will impose 50% tariffs on Chinese goods starting April 9
Trump posted on his social media account: "China announced yesterday it is imposing an additional 34% tariff on the United States—an addition to its existing tariffs, non-monetary barriers, illegal corporate subsidies, and long-term currency manipulation. I have previously made clear that any country retaliating against the U.S. with extra tariffs beyond their pre-existing, long-standing tariff abuses will face immediate, higher counter-tariffs from America.
Therefore, if China fails to withdraw this additional 34% tariff by April 8, 2025, the U.S. will impose a new 50% additional tariff on Chinese goods starting April 9. Furthermore, the U.S. will terminate all talks requested by China. At the same time, the U.S. will immediately begin negotiations with other countries that have requested discussions. Thank you for your attention."
White House Denies Reports of 90-Day Tariff Pause as "Fake News"
According to Jinshi Data citing CNBC, shortly after U.S. stock markets opened, there was a brief market rebound, pushing the Dow Jones Industrial Average into positive territory. Speculation about a potential tariff pause circulated across trading floors and social media, possibly contributing to the temporary rally.
The White House told CNBC that any claims regarding a 90-day tariff pause are "fake news."
U.S. SEC Announces Agenda for April 11 Cryptocurrency Regulatory Roundtable
According to the official website, the U.S. Securities and Exchange Commission (SEC) will host a cryptocurrency working group roundtable in Washington, D.C. on April 11, 2025, themed "Between Blocks and Barriers: Tailoring Regulation for Crypto Trading." The event will be attended by SEC Acting Chair Mark Uyeda and several commissioners, along with industry leaders from Coinbase, the New York Stock Exchange, Uniswap Labs, and other institutions. The meeting will focus on regulatory directions for crypto asset trading, featuring two main discussion panels on regulatory frameworks and the future development of cryptocurrency markets. The public can register to attend in person or view the livestream online.
House Speaker Supports Trump’s Global Tariff Plan, Vows to Provide "Necessary Space"
According to Politico, House Speaker Johnson stated on Monday that despite public opposition from some Republican lawmakers, the House will provide "necessary space" for Trump to implement his large-scale global tariff regime. Trump’s tariff plan is expected to take effect this Wednesday. Meanwhile, bipartisan lawmakers are advancing legislation to reclaim presidential authority over unilateral tariff decisions. Democratic Senator Maria Cantwell and Republican Senator Chuck Grassley have introduced a bill, and Republican Representative Don Bacon plans to introduce a similar version in the House. Despite controversy, senior Republican aides say the House still intends to hold a final vote on the revised budget plan Wednesday afternoon.
Standard Chartered: Bitcoin Could Serve as Hedge Against U.S. Trade Protectionism, $76,500 Is Key Support Level
According to The Block, Standard Chartered Bank stated that amid U.S. trade protectionist policies, Bitcoin could emerge as an effective hedge asset.
Kendrick, Global Head of Digital Assets Research at Standard Chartered, pointed out that $76,500 is a key support level—the high point of the daily candle formed the day after the U.S. election on November 6. Although the market has contracted, Bitcoin continues to outperform most of the so-called "Magnificent Seven" tech stocks.
Bloomberg: Pakistan Appoints Changpeng Zhao as Cryptocurrency Strategy Advisor
According to Tree News citing Bloomberg, Pakistan has appointed Changpeng Zhao (CZ) as its cryptocurrency strategy advisor.
Yield-Bearing Stablecoin Protocol Cap Raises $11 Million, Franklin Templeton Among Investors
According to CoinDesk, yield-bearing stablecoin protocol Cap announced it has raised $11 million in funding, with participation from major financial institutions including Franklin Templeton and Triton Capital. The latest $8 million seed round will be used to develop a stablecoin engine, expected to launch later this year.
Cap stated the protocol will leverage professional operators' expertise in yield generation—not only relying on crypto-native sources such as funding rate arbitrage and token mining, but also incorporating knowledge from traditional institutions like high-frequency trading firms and private credit funds. Additionally, users will be able to earn extra yield through staking protocols such as EigenLayer.
Hong Kong SFC to Allow Staking for Spot Virtual Asset ETFs, Sets Staking Ratio Limits
According to Sing Tao Headline News, Julia Chan, Executive Director of Investment Products at the Hong Kong Securities and Futures Commission (SFC), revealed during the Hong Kong Web3 Festival that the SFC will issue a circular today permitting licensed virtual asset trading platforms to offer staking services—including staking for spot virtual asset ETFs. To manage risk, platforms must safeguard staked virtual assets and set upper limits on the proportion of spot virtual asset ETFs eligible for staking.
Chan stated that Hong Kong has become the largest spot virtual asset ETF market in the Asia-Pacific region. The SFC is expanding the list of qualified virtual assets—beyond Bitcoin and Ethereum, more digital assets now meet retail trading requirements, paving the way for greater ETF product diversification. In addition, Hong Kong has launched various tokenized products, including structured notes, warrants, and tokenized gold products.
Central Huijin: Has Again Increased ETF Holdings, Will Continue Purchasing, Firmly Supporting Stable Capital Market Operations
According to Jinshi Data, Central Huijin Company announced it remains confident in the development prospects of China’s capital markets and fully recognizes the current value of A-shares. It has again increased its holdings in exchange-traded funds (ETFs) and will continue to do so, firmly supporting stable capital market operations.
Binance Founder CZ Proposes Personalized AI X (Twitter) Assistant Concept
Binance founder CZ shared a concept called "My X Agent" on social media—a proposed AI assistant designed to generate tweet suggestions tailored to individual users’ writing styles and trending topics by analyzing their historical posts. The project will roll out in two phases: Phase One focuses on mimicking a user’s tweeting style; Phase Two will add content summarization and intelligent reply capabilities. CZ said YZiLabs is willing to fund projects capable of generating high-quality tweets and proposed a business model with free and paid tiers—paid users could receive tweet suggestions at a rate of 0.015 BNB per post. CZ noted that while similar tools exist in the market, their performance is currently subpar, and the tool may eventually expand to handle messaging on platforms such as Telegram and WhatsApp.
Publicly Traded U.S. Company Janover to Adopt SOL as Reserve Asset, Raises $42 Million to Buy SOL
According to CNBC, a group of former Kraken exchange employees acquired majority ownership of publicly traded company Janover, which plans to adopt SOL tokens as its primary reserve asset. Janover has raised $42 million from investors including Pantera Capital, Kraken, and Arrington Capital to purchase SOL.
The company will rebrand as DeFi Development Corporation. Its new chairman and CEO, Joseph Onorati, said it will begin accumulating SOL "immediately." Additionally, the company plans to acquire Solana network validator nodes to stake SOL and earn yield.
Market Movements
Suggested Reading
The Architect Behind Trump’s Extreme Tariff Policy: "Unconventional" Economist Navarro
This article focuses on Peter Navarro, the "unconventional" economist behind Trump’s extreme tariff policies. His protectionist ideology and hardline measures have plunged the global economy into turmoil. The piece details Navarro’s personal background, academic career, political journey, and pivotal role within the Trump administration. His tariff policies remain highly controversial, and whether their costs are justified remains uncertain.
Reflexivity Amid Market Fragmentation: Why This Cycle Focuses on Breadth, Not Depth?
This article analyzes the fragmented nature of today’s cryptocurrency market and the phenomenon of reflexivity, exploring shifts in market cycles, the rise of attention economics, and the impact of leveraged trading. The author argues the market is in transition and may either evolve into a broader bull market or further fragment.
Decoding Crypto Funding Logic: No Product Is the Best Product
This article explores a trend in crypto fundraising where projects without actual products often secure massive funding. This stems from game theory dynamics—investors, driven by FOMO (fear of missing out) and distorted market mechanisms, tend to favor projects with vague promises and complex technical narratives over those with tangible products. The article presents multiple case studies and analyzes the underlying reasons and imbalances in market incentives.
This article analyzes the current business status, competitive advantages, challenges, risks, market performance, and valuation benchmarks of two blockchain projects: Metaplex and Hyperliquid. Metaplex focuses on digital asset services within the Solana ecosystem, while Hyperliquid has established a significant position in the decentralized derivatives trading space.
Full Transcript of CZ Fireside Chat: HODL Strategy Challenged, Survival Rules Amid Market Volatility
This article covers Binance founder CZ’s fireside chat at the BNB Chain Super Meetup in Hong Kong, discussing the current state of the cryptocurrency market, the meme coin craze, challenges to the HODL strategy, and building a healthy industry ecosystem. CZ shared his views on market cycles, investment strategies, BNB Chain development, and community engagement, emphasizing the importance of focusing on fundamentals and long-term development.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
