Trump: I Will Not Suspend Tariffs
US President Donald Trump said in a statement that he does not intend to suspend the “reciprocal tariff” policy. Speaking after meeting with Israeli Prime Minister Netanyahu at the White House, Trump said that many country leaders want to negotiate trade with him. He emphasized that keeping tariffs in place is not an obstacle to negotiating at the same time. Trump also rejected the European Union’s proposal to lift reciprocal tariffs with the United States, calling it “absolutely not enough.”
White House denies rumors that it is considering suspending tariffs for 90 days
According to CNBC, rumors of a 90-day tariff suspension led to a short-lived recovery in the US stock market, which fell sharply after Trump’s high tariffs. However, the White House described such speculation as “fake news” in a statement to CNBC. It was stated that the temporary rise in the market may be due to these rumors.
EU to Impose Tariffs on US Imports on April 15
European Commission Vice President Šefčović announced that the first wave of tariffs on US imports will start on April 15, while the second wave will come into effect on May 15. The EU is taking these steps in response to the steel, aluminum and automobile tariffs imposed by the Trump administration. It was also reported that an import monitoring task force will be established.
US SEC Publishes Agenda for April 11 Crypto Trading Roundtable
The SEC announced the title of its April 11 public crypto trading meeting as “Between Blockchain and Dilemma: Adapting Regulation for Crypto Trading”. Representatives from major institutions such as Uniswap, Coinbase and NYSE will attend the meeting. SEC Commissioner Hester Peirce stated that this series is important to clarify crypto regulations.
USDC Treasury
USDC Treasury destroyed a total of $150 million worth of USDC in three different transactions on the Ethereum network earlier today, according to Whale Alert data.
White House Trade Advisor: Talk of Recession ‘Foolish’, Tax Cuts Coming
Trade advisor Peter Navarro dismissed concerns of a recession, saying that “the biggest tax cut in American history” is coming in a few months. Navarro urged investors not to fear market volatility. In an interview with CNBC, he argued that the current economic outlook will improve with tax reforms.
Strategy: As of March 31, the outstanding debt was $8.22 billion
MicroStrategy (MSTR) announced that it had total outstanding debt of $8.22 billion as of March 31. The company also reported an unrealized digital asset loss of $5.91 billion as of the first quarter. It emphasized that the company’s Bitcoin strategy involves multiple risks.
Bitcoin Spot ETF Sees Net Outflows for Three Consecutive Days and Net Outflows Reached $109 Million Yesterday
According to SoSoValue data, there was a total net outflow of $109 million from Bitcoin spot ETFs on April 7. The largest outflow was $74 million from Grayscale GBTC, while BTCO saw an outflow of $12.8 million. Total ETF asset value currently stands at $87.86 billion.
Ethereum Spot ETF showed “zero change” yesterday
On April 7, there were no net inflows or outflows in Ethereum spot ETFs. Currently, the total asset value of these ETFs stands at $5.26 billion. ETFs hold 2.78% of Ethereum’s total market capitalization.
by Darkex Research – 1 min read
