FameEX Morning Crypto News Recap | April 3, 2025
2025-04-03 03:09:53U.S. Stock Futures Dive Following Trump’s Executive Order
On April 3, President Trump signed an executive order for "reciprocal tariffs" on trade partners, triggering a sharp drop in New York stock index futures and a significant decline in cryptocurrency prices during after-hours trading.
Concerns Emerge Over Potential Conflicts of Interest in Stablecoin Issued by Trump-Backed Companies
On April 3, Rep. Maxine Waters warned that stablecoin issuance by Trump-linked companies could create conflicts of interest. At a House Financial Services Committee hearing, she suggested Trump might push for government adoption of his stablecoin for federal payments, including housing, Social Security, and taxes.
Trump Plans New Tariffs Targeting Key Industries, Including Semiconductors
Trump plans to impose new tariffs on key industries including semiconductors, pharmaceuticals, and critical minerals. Existing USMCA-compliant goods from Mexico and Canada remain exempt. The move aims to protect U.S. supply chains.
10-Year and 2-Year U.S. Treasury Yields Slide 10 Basis Points
On April 3, yields on U.S. Treasury futures declined, with the 10-year falling to 4.06% and the 2-year dropping to 3.798%, both down by 10 basis points.
Post-2020 Bitcoin Buyers Still Await Price Surge
Glassnode notes that post-2020 Bitcoin investors bought between $3,600 and $69,000. Their wealth share has declined by 3 percentage points since November 2024 but still remains at historically elevated levels. These investors are maintaining a long-term strategy rather than selling.
Big Players Buy More Bitcoin as Small Investors Sell Off
On April 2, Glassnode data revealed whales holding over 10,000 BTC showed strong buying interest, with an accumulation trend score nearing 0.6. In contrast, retail investors with under 1 BTC showed continued selling, with scores 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.