Daily News: U.S. Lowers Tariffs to 10% for Non-China Countries, BTC Surges Past $80,000

U.S. President Trump Announces Tariff Increase on China to 125%, Temporarily Reduces Tariffs on Other Countries to 10%

U.S. President Donald Trump announced that tariffs imposed on China will be raised to 125%, effective immediately.

At the same time, considering that representatives from over 75 countries have contacted the U.S., including the Department of Commerce, the Department of the Treasury, and the Office of the U.S. Trade Representative, to negotiate trade and tariff-related issues, President Trump has authorized a 90-day suspension of tariffs during this period. Additionally, reciprocal tariffs will be significantly reduced to 10%, also effective immediately.

China’s State Council: Tariffs on U.S. Imports Raised from 34% to 84% Starting April 10

The Tariff Commission of China’s State Council announced that, starting at 12:01 PM on April 10, the tariff rates on U.S. imports, as outlined in the "Announcement of the Tariff Commission of the State Council on Imposing Additional Tariffs on Goods Originating from the United States," will be adjusted from 34% to 84%.

China’s Ministry of Culture and Tourism Issues Travel Risk Alert for Chinese Tourists Visiting the U.S.

China’s Ministry of Culture and Tourism issued a travel risk alert for Chinese tourists planning to visit the U.S.:

"Recently, due to the deterioration of Sino-U.S. economic and trade relations and the domestic security situation in the U.S., the Ministry of Culture and Tourism advises Chinese tourists to fully assess the risks of traveling to the U.S. and proceed with caution."

U.S. Senate Confirms Paul Atkins as SEC Chair

According to The Block, the U.S. Senate confirmed Paul Atkins as the Chairman of the U.S. Securities and Exchange Commission (SEC) on April 9, with a vote of 52 to 44. Atkins, who served as an SEC Commissioner from 2002 to 2008, was nominated by President Trump. He has explicitly stated that establishing a regulatory framework for digital assets will be a "top priority," indicating a potential shift towards a more crypto-friendly regulatory environment.

Federal Reserve’s Kashkari: Tariffs Raise the Threshold for Rate Cuts

According to Jin10.com News, Federal Reserve official Neel Kashkari stated that, given the inflationary impact of tariffs, the Fed is unlikely to lower interest rates even if the economy begins to deteriorate.

Kashkari remarked that Trump’s tariffs are "much higher and broader in scope than expected." He anticipates that these tariffs will reduce investment and economic growth while "at least in the short term" driving inflation higher.

Kashkari wrote: "Tariffs have raised the bar for altering interest rates in any way. Considering the critical importance of keeping long-term inflation expectations stable and the potential for tariffs to boost short-term inflation, the threshold for rate cuts is now higher, even in the face of economic weakness and rising unemployment."

He also pointed out that recent indicators of inflation expectations have started to rise. Coupled with the U.S.’s history of high inflation in recent years, these factors suggest that the Fed cannot overlook any price shocks driven by tariffs.

"Given the high inflation we have experienced in recent years and the risks of long-term inflation expectations becoming unanchored, I believe our top priority must be to maintain the stability of long-term inflation expectations," he said.

Strategy Did Not Indicate Plans to Sell Bitcoin, Merely Routine Risk Disclosure

A report suggesting that Strategy (formerly MicroStrategy) might be forced to sell its Bitcoin holdings has gained widespread attention on X. The report claims that according to an 8-K form submitted by Strategy to the SEC on April 7, a continued decline in Bitcoin prices could compel the company to liquidate its Bitcoin holdings to meet debt obligations, contradicting Michael Saylor's promise to "never sell Bitcoin."

However, according to Deep Tide TechFlow’s verification, this interpretation is misleading. The mention of "potentially being forced to sell Bitcoin" in the 8-K filing is, in fact, a standardized risk disclosure clause rather than an actual intention or imminent action by the company.

Such risk disclosures are extremely common in financial reports of publicly listed companies, especially those holding significant amounts of specific assets. In reality, this clause is not new and has appeared in Strategy’s financial reports across multiple quarters. Similar language was already present in the company’s Q1 2024 filings.

21Shares Launches 21Shares Dogecoin ETP on SIX Swiss Exchange

According to Globenewswire, 21Shares has announced the launch of the 21Shares Dogecoin ETP on the SIX Swiss Exchange under the ticker symbol: DOGE.

Mastercard Partners with Kraken

As reported by Financefeeds, Mastercard and cryptocurrency exchange Kraken announced a partnership on April 9, 2025, aiming to extend cryptocurrency payment services to over 150 million merchants worldwide that accept Mastercard. Under this partnership, Kraken users will be able to use their Bitcoin, Ethereum, and other crypto assets for payments via physical and digital debit cards, with the system converting cryptocurrency into fiat currency in real-time during transactions.

Kraken had previously launched its Kraken Pay feature, allowing users to conduct global crypto and fiat currency transfers through the “Kraktag” identifier. The company has also obtained an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA), providing a regulatory foundation for its operations in Europe.

Kraken Co-CEO David Ripley stated that the partnership aims to expand the practical use cases of cryptocurrency. The service is expected to launch later this year in the UK and EU markets, with potential plans for expansion to other regions.

OKX Lists BABY (Babylon) Spot Trading and Pre-Delivery BABY Contracts

According to an official announcement, OKX has launched BABY (Babylon) spot trading and pre-delivery BABY contracts.

The launch schedule is as follows:

1. BABY deposit opening: April 9, 8:00 PM (UTC+8)

2. BABY auction period: April 10, 5:15 PM to 6:15 PM (UTC+8)

3. BABY/USDT spot trading opening: April 10, 6:15 PM (UTC+8)

4. BABY withdrawal opening: April 11, 6:00 PM (UTC+8)

European Regulators Warn Cryptocurrency Could Threaten Financial Stability

According to Cointelegraph, Natasha Cazenave, Executive Director of the European Securities and Markets Authority (ESMA), warned the Economic and Monetary Affairs Committee on April 8 that as the cryptocurrency sector grows and its ties with traditional financial institutions deepen, a sharp decline in crypto prices could trigger a chain reaction affecting the broader financial system.

While crypto assets currently account for only 1% of global financial assets and do not yet pose significant "spillover effects," their rapid growth—especially in crypto-friendly markets like the U.S.—is notable. The EU has implemented the Markets in Crypto-Assets Regulation (MiCA) to address risks, but Cazenave emphasized that "there is no such thing as a completely safe crypto asset," and additional rules may be needed to mitigate future risks.

Currently, around 10%-20% of European investors hold crypto assets, while 95% of European banks have not yet entered the crypto space.

Argentine Congress Approves Investigation into Libra Crypto Scandal Involving Officials

According to The Block, Argentina’s House of Representatives has approved three resolutions to investigate government officials linked to the Libra cryptocurrency scandal, including President Javier Milei's involvement. In February, Milei publicly endorsed the Libra project on the Solana blockchain via social media, leading to the token’s market cap skyrocketing to $2 billion before crashing by over 90%, causing significant losses for investors.

The investigation will include forming a special committee, summoning senior officials (including the Cabinet Chief and Minister of Economy), and requiring the government to submit relevant reports. After the token’s collapse, Milei withdrew his support and claimed he was unaware of the project, but he now faces impeachment and fraud allegations.

The CEO of Libra’s developer, Kelsier Ventures, admitted to close collaboration with Milei’s team and using a "sniping" strategy to manipulate prices during the token’s launch. Argentine prosecutors have requested Interpol to issue a red notice for the CEO.