Crypto Morning News: Trump Administration Exempts Smartphones, Computers, and Chips from Tariffs; OM Token Plunges 90%
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Crypto Morning News: Trump Administration Exempts Smartphones, Computers, and Chips from Tariffs; OM Token Plunges 90%
Michael Saylor has once again shared information about the Bitcoin tracker, signaling a potential continuation of Bitcoin accumulation.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Trump Administration Exempts Smartphones, Computers, and Chips from Tariffs
According to Bloomberg, the Trump administration has updated its tariff policy, exempting smartphones, laptops, hard drives, processors, and memory chips from import tariffs. This exemption also applies to equipment used by Taiwan-based semiconductor manufacturers. The move follows Trump’s announcement of a 90-day tariff suspension on most countries, while increasing tariffs on Chinese imports. Companies have responded differently: Nintendo paused pre-orders for the Switch 2, Apple urgently imported 600 tons of iPhones from India before the tariffs took effect, and OnePlus raised prices on its smartwatch without explanation.
White House: Trump Expresses Willingness to Reach Deal with China
The White House stated that Trump believes positive progress can be made with China.
BlackRock CEO: Economic Recession May Have Already Begun, Slowing Economy Could Boost Cryptocurrencies Like BTC
According to cryptodnes, BlackRock CEO Larry Fink warned that a U.S. economic recession may have already begun. In an interview with CNBC, Fink cited mounting economic pressures and protectionist trade policies—particularly tariffs from former President Trump—as key drivers behind what he sees as a gradual economic contraction. While concerns over recession typically unsettle traditional markets, cryptocurrency investors might find reason to celebrate. An impending economic slowdown could prompt the Federal Reserve to shift away from monetary tightening, potentially unleashing a new wave of liquidity. Analysts suggest this scenario could serve as a major catalyst for digital assets like Bitcoin (BTC).
Fink’s comments align with similar forecasts from major Wall Street institutions including JPMorgan, Deutsche Bank, and Goldman Sachs. Bitwise Chief Investment Officer Matt Hougan noted that a weaker dollar could boost Bitcoin in the short term and may open the door for BTC to gain traction as an alternative global reserve asset over the long term.
JPMorgan CEO: Turmoil in U.S. Treasury Market Could Drive Investors Toward BTC
According to CoinDesk, JPMorgan CEO Jamie Dimon said he is preparing for potential chaos in the nearly $30 trillion U.S. Treasury market, noting the Fed will only act once there is some panic. The U.S. Treasury market plays a central role in global finance, setting benchmarks for everything from mortgage rates to corporate bond yields.
Dimon warned that if the financial system were to freeze again, the consequences could ripple across the economy. Intervention by the Fed due to Treasury market turmoil could drive some investors toward Bitcoin (BTC), which is often seen as a hedge against monetary instability—a dynamic observed in 2020 when aggressive stimulus measures led to a surge in Bitcoin’s price.
CryptoQuant: BTC Whales Haven’t Left Yet; This Is a Severe Correction, Not a Structural Crisis
Chain analysis platform CryptoQuant stated on X that BTC whales have not exited the market. Current behavior resembles accumulation patterns seen during the sideways consolidation period from August to September last year.
The report cited by CryptoQuant also noted that although Trump’s tariff policies are brewing a crisis, whales have not yet withdrawn (unlike their behavior prior to the 2020 pandemic crash). What we’re witnessing may simply be a correction within an ongoing bull cycle—one that is severe, but not a structural crisis triggering whale-level exits.
Michael Saylor Re-Shares Bitcoin Tracker, Signaling Potential Further Bitcoin Accumulation
Michael Saylor, founder of Strategy (formerly MicroStrategy), re-shared information about the Bitcoin Tracker on X, commenting: “No tariffs on the orange dot.”
Based on past patterns, Strategy typically discloses new Bitcoin purchases the day after such posts.
OM Token Drops Over 80% in One Hour, Team Cites “Disorderly Liquidation”
Following sharp declines in tokens such as ACT, TST, MASK, and LEVER, OM token experienced a massive short-term drop on Binance between 00:30 and 02:55 UTC+8 today. Within one hour, OM fell over 80%. OM is the native token of the MANTRA project.
The MANTRA community issued a statement attributing the abnormal volatility to “disorderly liquidation,” not actions by the project team. The team said it is investigating the cause and will release further details soon.
In addition, Binance founder CZ posted after the OM plunge, advising investors not to chase narratives. He emphasized sticking to fundamentals—projects with real users, revenue, and profits. When questioned about due diligence on OM’s listing, CZ reiterated that centralized exchanges (CEXs) should no longer control listing processes, and investors should decide what to trade.
GoPlus Completes Fourth Batch of GPS Buyback, Totaling 136,695,331 Tokens
GoPlus announced on X that it has completed its fourth round of GPS token buybacks, bringing the total repurchased amount to approximately 136,695,331 tokens. GoPlus stated the buyback program continues, and all purchased tokens will be burned upon completion.
Transaction record for this buyback:
https://basescan.org/tx/0x3da53a2dabd03922a48b99d653249f3b66ed468f3fbe7147949ddb4febc720dc
Andrew Kang Doubles Bitcoin Position to $200 Million
According to Arkham monitoring, Mechanism Capital co-founder Andrew Kang (@Rewkang) doubled his Bitcoin holdings in the early hours of April 13, bringing the value of his position to $200 million, with a profit of $6.8 million.
IBC Founder: RWA Asset Value to Reach $18.9 Trillion by 2033, It’s the Future of Blockchain
Mario Nawfal, founder and CEO of Dubai-based venture firm IBC Group, stated on X that as traditional finance (TradFi) rushes to tokenize everything—from real estate and gold to fashion, pharmaceuticals, and genomics—the total value of real-world asset (RWA) tokenization is projected to soar to $18.9 trillion by 2033. He described this not as a trend, but a structural shift.
Nawfal added: “Within our leading incubator and IBC Group’s 230 employees, we’re not just watching this happen—we have a full team leading in this space. We believe RWA is the future of blockchain.”
SEC and Binance Jointly Request 60-Day Extension in Ongoing Lawsuit
According to crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance have jointly filed a request with the court to extend the litigation deadline by 60 days. Recent filings indicate productive discussions have taken place, some related to the work of a cryptocurrency task force, and both parties agree that continuing the stay serves mutual interests. They will provide further updates after the 60-day period.
Market Update
Suggested Reading
Crypto VCs’ Social Circles: Who Are the Best CPs, and Which Funds Co-Invest Together?
This article explores the co-investment patterns and strategies among crypto venture capital firms. The author examines how VCs choose partners and which funds perform better in follow-on rounds. It also analyzes investment networks and capital flow trends in the crypto sector.
Ray Dalio’s Latest Interview: Today’s Phenomena Are Strikingly Similar to the 1930s
This article discusses Ray Dalio’s views on the collapse of the current global economic, political, and geopolitical order. He argues that systemic breakdowns are cyclical historical events and provides deep analysis on U.S. manufacturing capacity, debt issues, and international relations.
Bounce Over? Next Catalyst Could Be Trump Firing Powell?
This article explores whether Trump might fire Federal Reserve Chair Jerome Powell to rescue the market, analyzing the legal, procedural, and market implications. The conflict between the Fed and Trump is framed as a political showdown, with Trump accusing Powell of favoring Biden. The piece also assesses the likelihood and potential market impact of such a move.
New SEC Chair Paul Atkins: Can This Small-Town Man Bring Relief to the Crypto Market?
This article focuses on Paul Atkins’ appointment as the new chair of the U.S. Securities and Exchange Commission (SEC). Known for his free-market stance, Atkins may ease the SEC’s strict regulatory approach toward crypto. His background includes legal expertise, financial insight, and enthusiasm for digital assets. His policies may include clarifying asset classifications, promoting ETF development, and lowering industry barriers. However, his pro-industry leanings could weaken investor protections, and global market volatility along with uncertainties in Trump’s policies may constrain his influence.
This article examines the use of key opinion leaders (KOLs) as critical marketing tools in the crypto space, especially on Twitter/X. By analyzing verified crypto-related accounts and links in personal bios, the study investigates the threshold for KOL influence and how centralized and decentralized exchanges leverage these figures for promotion.
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