Daily News: Trump Threatens 50% Tariffs on China, BTC Finds Key Support at $76,500

Trump: If China Doesn't Remove 34% Tariff, US Will Impose 50% Tariff Starting April 9 Trump stated in a post on his social media platform: "China announced yesterday a 34% tariff on US goods, adding to their existing tariffs, non-tariff barriers, illegal corporate subsidies, and long-term currency manipulation. I have previously made it clear that any country imposing additional retaliatory tariffs beyond their existing long-term tariff abuse will face immediate higher tariffs from the US.

Therefore, if China does not withdraw this additional 34% tariff by April 8, 2025, the US will impose a new 50% tariff on Chinese goods starting April 9. Furthermore, the US will terminate all discussions requested by China. Meanwhile, the US will immediately begin negotiations with other countries that have requested talks. Thank you for your attention to this matter."

White House Debunks Rumors: Claims of 90-Day Tariff Suspension are "Fake News" According to CNBC, as reported by Jin10.com, shortly after the US stock market opened, there was a brief rebound with the Dow Jones Industrial Average moving into positive territory. Speculation about some form of tariff suspension circulating on trading floors and social media may have contributed to the temporary market upturn. The White House told CNBC that any talk of a 90-day suspension is "fake news."

SEC Announces Agenda for April 11 Cryptocurrency Regulation Roundtable According to the official website, the Securities and Exchange Commission (SEC) will host a cryptocurrency working group roundtable in Washington, D.C. on April 11, 2025, titled "Between Blocks and Hard Places: Tailored Regulation for Crypto Trading." The meeting will be attended by SEC Acting Chairman Mark Uyeda and several commissioners, with industry leaders from Coinbase, New York Stock Exchange, Uniswap Labs, and other institutions participating. The meeting will focus on regulatory directions for crypto asset trading, divided into two main discussion sessions exploring regulatory frameworks and future development of cryptocurrency markets. The public can attend in person through registration or watch the live webcast online.

House Speaker Backs Trump's Global Tariff Plan, Promises "Necessary Space" According to Politico, House Speaker Johnson said Monday that despite public opposition from some Republican lawmakers, the House will provide "necessary space" for Trump to implement his massive global tariff system. Trump's tariff plan is expected to take effect this Wednesday. Meanwhile, bipartisan lawmakers are advancing legislation to reclaim presidential unilateral authority on tariffs, with Democratic Senator Maria Cantwell and Republican Senator Chuck Grassley proposing relevant bills, while Republican Representative Don Bacon plans to introduce a similar version in the House. Despite controversy, Republican senior aides indicate the House still plans to hold a final vote on the revised budget plan Wednesday afternoon.

Standard Chartered: Bitcoin Could Become Hedge Against US Protectionism, $76,500 is Key Support Level

Standard Chartered Bank, in a report cited by The Block, suggests Bitcoin could become an effective risk hedging asset amid US protectionist policies. Kendrick, Global Head of Digital Assets Research at Standard Chartered, identifies $76,500 as a key support level, representing the top of the daily candlestick formed the day after the November 6 US election. Despite market contraction, Bitcoin continues to outperform most of the so-called "Magnificent Seven" tech stocks.

Bloomberg: Pakistan Appoints CZ as Cryptocurrency Strategy Advisor According to Tree News citing Bloomberg, Pakistan has appointed CZ (Changpeng Zhao) as its cryptocurrency strategy advisor.

Stablecoin Protocol Cap Raises $11M with Franklin Templeton Among Investors According to CoinDesk, yield-generating stablecoin protocol Cap has announced the completion of an $11 million funding round, with investors including prominent financial institutions such as Franklin Templeton and Triton Capital. The latest $8 million seed round will be used to develop the stablecoin engine, expected to launch later this year. Cap states that the protocol will leverage professional operators' expertise in yield generation, relying not only on crypto-native yield sources such as funding rate arbitrage and token mining but also drawing on traditional institutions' expertise, including high-frequency trading firms and private credit funds. Additionally, users can earn extra yields through staking protocols like EigenLayer.

Hong Kong SFC to Allow Virtual Asset Spot ETF Staking with Ratio Cap According to stheadline, Christina Choi, Executive Director of the Investment Products Division at Hong Kong's Securities and Futures Commission (SFC), revealed at the Hong Kong Web3 Carnival that the SFC will issue a circular today allowing licensed virtual asset trading platforms to provide staking services, including staking for virtual asset spot ETFs. To manage risks, platforms must custody staked virtual assets and set limits on the staking ratio for virtual asset spot ETFs. Choi noted that Hong Kong has become the largest virtual asset ETF market in the Asia-Pacific region. The SFC is expanding the range of eligible virtual assets, with more assets beyond Bitcoin and Ethereum meeting retail trading conditions, paving the way for ETF product diversification. Hong Kong has also launched various tokenized products, including structured notes, warrants, and tokenized gold products.

Central Huijin Investment: Further Increases ETF Holdings, Commits to Continued Support According to Jin10.com, Central Huijin Investment announced that it firmly believes in China's capital market prospects and fully recognizes the current value proposition of A-shares. The company has again increased its holdings in Exchange-Traded Funds (ETFs) and will continue to do so, firmly maintaining capital market stability.

Binance Founder CZ Proposes Personalized AI Twitter Assistant Binance founder CZ shared his concept for "My X Agent," an AI assistant designed to generate tweet suggestions by analyzing users' historical tweet styles and trending topics. The project is planned in two phases: the first focuses on mimicking users' tweeting style, while the second will implement content summarization and smart reply features. CZ indicated that YZiLabs is willing to fund projects capable of generating high-quality tweets, proposing a business model with free and paid plans, where paid users can receive tweet suggestions at 0.015 BNB per tweet. CZ noted that while similar products exist in the market, their performance is subpar, and the project will eventually expand to handle messages across multiple platforms including Telegram and WhatsApp.

US-Listed Janover to Adopt SOL as Reserve Asset, Raises $42M for SOL Purchase According to CNBC, several former Kraken exchange employees have acquired a majority stake in listed company Janover, which plans to use SOL tokens as its primary reserve asset. Janover has raised $42 million from investors including Pantera Capital, Kraken, and Arrington Capital for SOL purchases. The company will be renamed DeFi Development Corporation, with new Chairman and CEO Joseph Onorati stating they will "immediately" begin accumulating SOL. Additionally, the company plans to acquire Solana network validator nodes for SOL staking yields.