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The Hong Kong Securities and Futures Commission (SFC) has approved licensed crypto platforms and exchange-traded funds (ETFs) to offer staking services under strict supervision and specific conditions to enhance the virtual asset ecosystem's healthy development.

JPMorgan's global head of fixed income products, Bob Michele, warns that the Federal Reserve may need to urgently cut interest rates before the May meeting due to market turmoil. He highlights the severity of the current chaos in markets and suggests that waiting until May is not a luxury the Fed can afford. Meanwhile, Fed Chairman Jerome Powell believes there is no rush for rate cuts. The market is pricing in over a 40% probability of a rate cut by the Fed in May.

Significant price drop in ETH resulted in a $106 million loss for a major investor, while another panicked and sold over 14,000 ETH. Meanwhile, some saw it as a buying opportunity, like the "7 Siblings" whale who increased their assets by purchasing over 24,000 ETH. Despite global market volatility and negative sentiment following Trump's tariff announcement, cryptocurrencies faced intense selling pressure over the weekend, with ETH, XRP, Solana, and Dogecoin all experiencing double-digit losses.

Global markets experienced sharp selling waves due to the uncertainty created by new customs duties announced by US President Donald Trump on April 2. Asian stocks and the cryptocurrency market plummeted. Factors impacting market recovery include global response level, administration's long-term plan, and the Fed's response to instability. In the last 24 hours, the GMCI 30 index measuring the performance of the top 30 cryptocurrencies dropped by 8.6%. Panic selling extended beyond crypto markets to Asian stock indices like Nikkei 225, Kospi, and Shanghai Composite Index. The term "Growth Scare 2.0" indicates fear of economic slowdown and resulting selling pressure in markets.

White House officials aim to reassure markets ahead of the new week after announcing comprehensive tariffs. Over 50 countries have reached out to negotiate. Economic advisors stress minimizing economic disruptions, stating tariffs are a strategic move to benefit the US in global trade. Director of the National Economic Council dismisses claims of intentionally crashing the market, asserting support for American workers. Uncertainty over tariff decisions led to a $6 trillion drop in US markets, impacting the weekend crypto market. Bitcoin fell below $79k, and Ether dropped to $1500 for the first time in years.

New customs tariffs announced by Donald Trump caused chaos in traditional financial markets, yet Bitcoin did not experience the expected sharp decline. Experts are surprised by Bitcoin's stability amidst market turmoil. Companies like GameStop and Strategy investing in Bitcoin might be influencing its price. Bitcoin's independent behavior strengthens its reputation as a "digital gold", noted by analysts. However, caution is advised regarding Bitcoin's outperformance compared to the Nasdaq due to potential Treasury purchases.

Trump's aggressive tariffs triggered global trade war fears, leading to a sharp market sell-off. Tech giants like Apple, Tesla, Nvidia, Meta, Amazon, Alphabet, Microsoft collectively lost $1.8 trillion in market value in just two days. Nasdaq had its worst weekly performance in five years. Semiconductor companies suffered as well, with significant losses for key players like Marvell Technology, AMD, and Intel. Published: April 5, 2025, 17:03.

Robert Kiyosaki, a financial education expert, predicted a significant stock market crash, stating that Baby Boomers will be most affected and urging investors to turn to assets like gold, silver, and Bitcoin for protection.

A significant drop in American markets led short sellers to gain around $55 billion by Thursday, with total profits reaching $118.5 billion since the beginning of the year. Trump's decisions on higher tariff rates boosted short sellers amidst the recent market turmoil. Major indices like S&P 500 and Nasdaq 100 experienced unprecedented losses after over a year, while Bitcoin stood out resiliently.

Real Vision's crypto analyst Jamie Coutts predicts a recovery in the altcoin market by June, driven by network activity and strong fundamentals. He expects a broad rally in altcoins, although unsure if it will be a lasting one. Coutts advises investors to monitor network activity for guidance and anticipates an altcoin market uptrend in the next two months, correlating with a potential all-time high for Bitcoin by June. This surge, according to Coutts, will benefit projects with genuine utility and robust network activity.

US non-farm payroll data exceeded expectations, affecting market sentiment. Economist Erkan Öz discussed the implications on Fed policies and recession concerns. #economicdata # USD #Fed

Standard Chartered predicts Avalanche's AVAX price could reach $250 by the end of 2029, attributing the rise to increased developer interest post the Etna upgrade reducing costs and attracting developers to the network, especially for gaming and consumer-focused applications. The bank foresees AVAX surpassing both Bitcoin and Ethereum but notes higher volatility risks.

President Donald Trump expressed optimism despite market downturns, stating that "Things are going very well. Markets will boom." However, following his recent tariff decisions, American markets experienced significant losses, with the S&P 500 and Nasdaq 100 indices dropping sharply. The crypto market also suffered losses, with Bitcoin falling below $82,000 and Ethereum breaking below $1,800 amidst the turmoil.