FameEX Morning Crypto News Recap | April 3, 2025
2025-04-03 03:10:31U.S. Futures Slide After Trump Issues Executive Order
On April 3, President Trump’s executive order on "reciprocal tariffs" against trade partners led to a sharp decline in New York stock futures and a notable drop in cryptocurrency prices during after-hours trading.
Potential Conflict of Interest Sparks Concern Over Stablecoin Issued by Trump-Linked Firms
On April 3, Rep. Maxine Waters raised concerns about potential conflicts of interest if Trump-linked companies issue stablecoins. Speaking at a House Financial Services Committee hearing, she warned Trump could push for his stablecoin’s use in federal transactions, such as housing payments, Social Security benefits, and tax collections.
Trump Targets Semiconductors and Key Industries with New Tariff Plan
Trump plans new tariffs on key sectors like semiconductors, pharmaceuticals, and critical minerals. USMCA-compliant goods from Mexico and Canada stay exempt. The goal is to strengthen U.S. supply chains and reduce foreign reliance.
U.S. 10-Year, 2-Year Treasury Yields Dip by 10 Basis Points
On April 3, U.S. Treasury futures yields fell, with the 10-year dropping 10 basis points to 4.06% and the 2-year also declining 10 basis points to 3.798%.
Investors Who Entered Bitcoin After 2020 Still Hoping for Higher Returns
Glassnode reports that post-2020 Bitcoin investors, who bought between $3,600 and $69,000, have seen their wealth share drop 3% since November 2024. Despite this, their holdings remain historically high, reflecting a strong long-term investment strategy as they continue holding rather than selling.
Large Bitcoin Holders Accumulate as Retail Investors Exit
Glassnode data on April 2 showed whales holding over 10,000 BTC are actively accumulating, with a trend score near 0.6. Meanwhile, retail investors holding under 1 BTC continue selling, as their accumulation trend score fell below 0.2.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.