Daily News: Trump's Tariff Exemption Boosts Tech, $OM Plunges 80% in Flash Crash

The Trump Administration Exempts Tariffs on Smartphones, Computers, and Chips

According to Bloomberg, the Trump Administration has updated its tariff policy, exempting import tariffs on smartphones, laptops, hard drives, processors, and memory chips. This decision also applies to equipment used by Taiwan Semiconductor Manufacturing Company. This move comes after Trump announced a 90-day suspension of tariffs on most countries, while tariffs on Chinese imports have increased. Companies have reacted differently to this, including Nintendo pausing Switch 2 pre-orders and Apple urgently importing 600 tons of iPhones from India before the tariffs take effect. OnePlus has raised the price of its smartwatches without providing a reason.

White House: Trump is Willing to Reach an Agreement with China

The White House stated that Trump expressed a willingness to make positive progress with China.

BlackRock CEO: Economic Recession May Have Already Started, Economic Slowdown Becomes a Catalyst for Digital Currencies like BTC

According to cryptodnes, BlackRock CEO Larry Fink issued a warning about a potential economic recession in the United States, suggesting it may have already begun. In an interview with CNBC, Fink pointed out that increasing economic pressure and protectionist trade policies—especially tariffs from former President Trump's era—are key drivers behind the slow economic contraction he perceives. While concerns about a recession typically unsettle traditional markets, cryptocurrency investors might have reason to celebrate. The impending economic slowdown could prompt the Federal Reserve to change its monetary tightening approach, potentially triggering a new wave of liquidity. Analysts suggest that this scenario could become a major catalyst for digital assets like Bitcoin.

Fink's remarks follow similar predictions from major Wall Street institutions, including JPMorgan, Deutsche Bank, and Goldman Sachs. Bitwise Chief Investment Officer Matt Hougan believes that a weakening dollar might boost Bitcoin in the short term and could open the door for BTC to gain traction as an alternative global reserve asset in the long term.

JPMorgan CEO: U.S. Treasury Market Turmoil May Drive Investors to BTC

According to CoinDesk, JPMorgan CEO Jamie Dimon stated that he is preparing for chaos in the nearly $30 trillion U.S. Treasury market, with the Federal Reserve only acting when they start to panic. The U.S. Treasury market plays a central role in global finance, setting the tone for all market factors, from mortgage rates to corporate bond yields.

Jamie Dimon warned that if the financial system becomes paralyzed again, the consequences could ripple through the entire economy. Turmoil in the U.S. Treasury market leading to Federal Reserve intervention might prompt some investors to turn to Bitcoin (BTC), often seen as a hedge against currency instability—as was the case in 2020 when the Fed took aggressive stimulus measures, causing Bitcoin prices to soar.

CryptoQuant: BTC Whales Have Not Left, It's Just a Harsh Correction, Not a Structural Crisis

According to on-chain data platform CryptoQuant on X, BTC whales have not left, and current behavior is similar to the accumulation seen during the sideways movement from August to September last year.

Meanwhile, a report cited by CryptoQuant also noted that while Trump's tariff policies are brewing a crisis, they have not exited yet (unlike the behavior before the COVID pandemic crash in 2020). What we are seeing might just be a correction in the ongoing bull market cycle—albeit a severe correction—rather than a structural crisis triggering whale-level exits.

Michael Saylor Releases Bitcoin Tracker Information Again, May Continue to Accumulate Bitcoin

Strategy (formerly MicroStrategy) founder Michael Saylor released Bitcoin Tracker information again on the X platform, stating: "No tariffs on orange dots."

According to previous patterns, Strategy always discloses Bitcoin accumulation information the day after releasing related news.

$OM Drops Over 80% in One Hour Due to "Chaotic Liquidation," Says Team

Following previous sharp declines in tokens like ACT, TST, MASK, and LEVER, OM on Binance experienced another substantial drop between 00:30 and 02:55 (UTC+8) today. Within an hour, OM fell over 80%. OM is the native token of the MANTRA project.

The MANTRA community issued a statement saying today's abnormal fluctuations in OM were caused by "chaotic liquidation" rather than the project team. The official statement indicated they are investigating the specific reasons and will release more details soon.

Additionally, Binance founder Changpeng Zhao advised investors not to chase narratives but to stick to projects with fundamentals, users, revenue, and profit. In response to questions about whether Binance conducted due diligence on OM before its flash crash, Zhao emphasized that CEX should no longer have a listing process, and investors should decide which assets to trade.

GoPlus Completes Fourth Batch of GPS Buyback, Totaling 136,695,331 Tokens

According to GoPlus, they have completed the fourth batch of GPS token buyback, reaching approximately 136,695,331 tokens. GoPlus stated that the buyback is still ongoing, and all purchased tokens will be destroyed together upon completion.

Transaction record for the buyback: https://basescan.org/tx/0x3da53a2dabd03922a48b99d653249f3b66ed468f3fbe7147949ddb4febc720dc.

Andrew Kang Doubles Bitcoin Position to $200 Million

According to Arkham, Mechanism Capital co-founder Andrew Kang (@Rewkang) doubled his Bitcoin position in the early hours of April 13, with his holdings reaching a value of $200 million and profits amounting to $6.8 million.

IBC Founder: Total RWA Asset Value Will Reach $18.9 Trillion by 2033; It's the Future of Blockchain

According to Mario Nawfal, founder and CEO of Dubai venture capital firm IBC Group, on the X platform, as TradFi races to put everything from real estate to gold, fashion, pharmaceuticals, and genomics on the blockchain, the total value of RWA assets is expected to soar to $18.9 trillion by 2033. This is not a trend but a structural shift.

Mario Nawfal also stated: "In our leading incubator and among the 230 employees at IBC Group, we're not just watching it happen; we have a full team leading this field. We believe RWA is the future of blockchain."

SEC and Binance Jointly Request 60-Day Extension for Lawsuit

According to cryptocurrency 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 lawsuit against the exchange by another 60 days. The latest documents show that effective discussions have taken place, some relating to the work of the cryptocurrency task force, and continuing to pause the lawsuit is in the best interest of all parties. Further updates will be provided in 60 days.