Trump reiterates his stance on imposing tariffs on China, Europe and other countries, BTC falls below $78,000

Headline

▌Trump reiterates stance on imposing tariffs on China, Europe and other countries

Trump posted on his social media platform that the United States has huge fiscal deficits with China, the European Union and other countries, and the only solution is to impose tariffs, which have now brought the United States tens of billions of dollars in revenue. He criticized the widening of the US trade deficit with the above countries during the Biden administration and promised to quickly reverse the situation, reiterating that tariffs are "a very beautiful thing" for the United States.

▌BTC breaks through $78,000

The market shows that BTC has broken through $78,000 and is now at $78,007.29. The 24-hour decline has narrowed to 6.34%. The market is volatile, so please do a good job of risk control.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $78,322.34, with a daily increase or decrease of -6.6%;

ETH's latest transaction price is $1,578.34, with a daily increase or decrease of -12.9%;

BNB's latest transaction price is $553.16, with a daily increase or decrease of -6.7%;

SOL's latest transaction price is $105.40, with a daily increase or decrease of -12.3%；

DOGE's latest transaction price is 0.1484 US dollars, and its intraday change is -12.1%；

XPR's latest transaction price is 1.92 US dollars, and its intraday change is -10.8%.

Policy

▌U.S. federal agencies must report crypto holdings to the Secretary of the Treasury, and audit results may not be made public

Forbes reporter Eleanor Terrett posted on the X platform that White House officials revealed that federal agencies must report their cryptocurrency holdings to Treasury Secretary Scott Bessent by tomorrow (April 7, Eastern Time). However, the executive order only requires the report to be submitted to Bessent, and does not force the audit results to be made public. It is not clear whether or when this information will be made public.

Blockchain Application

▌Vaulta and Virgo cooperate to launch VirgoPay, a cross-border remittance network based on stablecoins

Web3 banking operating system Vaulta and digital asset service provider Virgo announced a partnership to launch VirgoPay, a stablecoin cross-border remittance network, which is expected to go online in May. The platform can shorten the traditional transfer time from several days to several minutes, and reduce the handling fee by up to 70%. Users can recharge through banks, wire transfers, crypto wallets, etc., and choose to receive payments in a variety of fiat currencies. The first phase of services will cover the United States, Hong Kong, Canada, Argentina, Brazil and Australia, and subsequent plans will expand to Southeast Asia and the Middle East markets.

Cryptocurrency

▌The liquidation of 67,500 ETH whale positions caused ETH to fall further

According to the on-chain analyst Ember, with this wave of decline, the liquidation line of the 67,500 ETH (US$105 million) loan position was completely liquidated at the US$1,650 whale position, which also contributed to the further decline of ETH. He actually added 2,160 ETH collateral at 1 a.m. to lower the liquidation line, but ETH fell all the way, and his ETH position was finally liquidated at 6 a.m. to pay off his 74.4 million DAI loan.

▌Two whale addresses bought more than 30,000 ETH at a low price

According to Onchain Lens monitoring, two major addresses have recently purchased large amounts of ETH. Among them, the "7 Sibling" address spent $41.78 million to buy 25,092 ETH at an average price of $1,665; another new wallet used $8.13 million DAI to buy 4,983.56 ETH at an average price of $1,631.

▌Conor McGregor-backed cryptocurrency pre-sale failed, raising only $390,000

The cryptocurrency $REAL jointly launched by MMA superstar Conor McGregor and Real World Gaming DAO raised only $392,000 in pre-sale in 28 hours, failing to reach the minimum fundraising threshold of $1.008 million. The project was declared temporarily failed and a full refund was issued. Despite McGregor's strong promotion on social platforms, the coin was still coldly received by the market, reflecting the crypto market's waning interest in celebrity-backed projects, at a time when the overall market was sluggish and memecoin trading volume was shrinking.

Important Economic Dynamics

▌Trump: Has spoken with Asian and European leaders about tariffs. The market sometimes has to take medicine

On Monday, as U.S. stock futures plummeted, U.S. President Trump said that he did not deliberately manipulate the market to sell off, and that he had spoken with European and Asian leaders about tariffs. He also said that he could not predict what would happen in the market. When asked about the market's performance, he said that sometimes the market has to "take medicine."

▌The U.S. Senate passed the Republican budget blueprint to advance Trump's tax cut agenda

The U.S. Senate passed the Republican budget blueprint on Saturday, which aims to extend President Trump's 2017 trillion-dollar tax cuts and significantly cut government spending. The Senate voted 51-48 to pass the "budget reconciliation" measure, which will allow Republicans to bypass the Senate's filibuster, which requires 60 votes to pass Trump's tax, border security and military priorities later this year without Democratic votes. The bill will be submitted to the Republican-led House of Representatives, which is expected to consider it this week. Nonpartisan analysts say that if Trump's agenda is passed, it will increase the federal government's debt by about $5.7 trillion over the next 10 years. Senate Republicans believe the cost of the measure is $1.5 trillion and say the impact of extending the existing tax policy that was scheduled to expire at the end of this year should not be included in the cost of the measure.

▌Musk publicly mocks US trade advisers: either conceited or mentally ill

According to the US World News Network on April 5, billionaire Musk, who served as the head of the Government Efficiency Department in the Trump administration, rarely publicly criticized the core circle of the Trump administration when the tariff war caused the stock market on Wall Street to plummet. Peter Navarro, Trump's senior adviser on trade and manufacturing, tried to downplay market concerns over the losses caused by the tariff war over the past two days on a CNN program on April 4. Musk publicly mocked Navarro on his social platform X after Navarro insisted that tariffs would eventually win good results. He responded to a post that mentioned that Navarro had a doctorate in economics from Harvard University, saying: "Having a doctorate in economics from Harvard is not a good thing, but a bad thing. It leads to arrogance or brain problems." A user responded that Navarro was "right", and Musk replied: He "has achieved nothing."

▌Former US Treasury Secretary criticizes tariff policy: the biggest self-inflicted wound in history

It was learned on April 6 local time that after Hassett, director of the White House National Economic Council, made a statement that "tariffs will lead to lower consumer prices in the United States" that day, former US Treasury Secretary Lawrence Summers said he disagreed with Hassett's statement. He believes that US President Trump's tariff policy is the biggest self-inflicted wound inflicted on the US economy in history. Summers said that tariffs will lead to rising prices, exacerbating the inflation rate, which will in turn reduce people's spending power and also mean fewer job opportunities. On April 2, US President Trump signed an executive order on the so-called "reciprocal tariffs" at the White House, announcing that the United States would impose a 10% "minimum benchmark tariff" on trading partners and impose higher tariffs on certain trading partners. The US government's move has been opposed and criticized by many parties around the world.

▌Spot gold falls below $3,000

Spot gold fell below $3,000/ounce for the first time since March 21, down 1.28% on the day.

Golden Encyclopedia

▌What is address poisoning attack in cryptocurrency?

Address poisoning attacks are malicious means used by attackers to reroute traffic, interrupt services, or access sensitive data without authorization by inserting false data or changing routing tables. These attacks exploit defects in network protocols and seriously threaten data integrity and network security.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not intended as actual investment advice. Please establish a correct investment concept and be sure to improve risk awareness.