Top News

1.Trump's "Equal Tariff" Measure Triggers Sharp Drop in US Stock Futures and Cryptocurrencies

2.Justin Sun: FDUSD Issuer Goes Bankrupt, Unable to Fulfill Redemption Obligations

3.FDUSD Depegs Temporarily Dropping Below 0.89 USDT

4.Binance: FDUSD Audit Report Confirms Fully Backed by 1:1 US Dollar

5.Analysis: Extent of Equal Tariff Beyond Market Expectations, Exacerbating US Economic "Stagflation" Risk

Articles & Threads

1.《US Stocks Evaporate $2 Trillion in 15 Minutes, Is "Equal Tariff" the Final Straw that Broke the Bull Market's Back?》

As soon as Trump announced at the start of the early morning meeting that the tariff benchmark was all 10%, Bitcoin once surged to $88,000, hitting a high since March 25, rising over 5%; but then it was announced that additional tariffs would be imposed on about 60 countries with the largest trade imbalances with the US. Bitcoin gave back most of its gains, falling below $82,500. From Bitcoin's current performance, it can be said to have no hedge properties. Meanwhile, spot gold briefly broke through $3160 per ounce, continuing to hit historic highs.

2.《From Rags to Riches to Losses, Profound Reflections on the "Four-Year Cycle"》

The author reflects on his journey in the crypto market, from the excitement of 2017 to the crash of 2018, and then to the resurgence of new trends like NFTs and agents. He points out that market cycles continuously create frenzy and illusions, leading investors to mistakenly believe they have grasped the pattern, only to still face losses. Emotions drive people to repeat the same mistakes, while the market always moves against expectations. The only way to survive is to take profits as much as possible during uptrends and minimize losses during downtrends, but this is harder than imagined. The market won't change; the real challenge lies in controlling one's emotions and decisions.

Market Data

Daily market overall fund heat (reflected by funding rate) and token unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks

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