24H Hot Coins and News | The United States imposes a 10% comprehensive tariff on all imported goods; Justin Sun accuses FDT of being insolvent (April 3)

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ODAILY
04-03
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1. CEX Popular Cryptocurrencies

CEX Top 10 Trading Volume and 24-Hour Price Changes:

  • BTC: -1.55%

  • ETH: -3.2%

  • XRP: -2.58%

  • SOL: -4.32%

  • BNB: + 0.78%

  • Doge: -3.17%

  • SUI: + 1.46%

  • PEPE: -4.49%

  • ADA: -2.57%

  • EOS: + 25.18%

24H Gainers List (Data Source: OKX):

  • EOS: + 25.38%

  • J + 11.12%

  • MEW: + 10.46%

  • ELF: + 9.10%

  • USTC + 8.83%

  • W: + 8.55%

  • ERN: + 7.50%

  • SAMO: + 6.31%

  • RAY: + 6.19%

  • KISHU: + 6.12%

2. Top 5 On-Chain Meme (Data Source: GMGN):

  • Fartcoin

  • Titcoin

  • PEPEK

  • BUTTCOIN

  • VanEck (BNB Chain)

3. 24H Hot Search Cryptocurrencies

EOS: EOS topped the OKX 24H gainers list. Previously, it was reported that EOS will be renamed Vaulta and transition to Web3 banking business, with the official transition to take place at the end of May 2025.

Titcoin: Titcoin is a meme coin on the Solana chain, combining the slang term "tit" with blockchain technology positioning, creating cultural resonance through crude humor and a pun on Bitcoin, expressing a rebellious financial culture.

Headline

Trump: US Will Impose 10% Comprehensive Tariff on All Imported Goods

US President Trump: The United States will impose a comprehensive 10% tariff on all imported goods. Higher rates will be imposed on countries deemed to perform poorly in trade. A 20% retaliatory tariff will be applied to EU countries individually, and a 24% tariff will be imposed on goods imported from Japan.

The base tariff rate (10%) will take effect at 00:00 on April 5, and reciprocal tariffs will take effect at 00:00 on April 9.

Justin Sun Accuses FDT of Being Effectively Insolvent, Binance States FDUSD Can Be 1:1 Reserve Supported

Justin Sun posted on X platform, claiming that the stablecoin FDUSD's issuer First Digital Trust (FDT) is effectively insolvent and unable to fulfill customer fund redemption obligations. He strongly advised users to take immediate action to protect their assets and urged regulators and law enforcement to act quickly to address these issues and prevent further significant losses.

However, FDUSD issuer First Digital subsequently responded that Justin Sun's accusations against First Digital Trust are false, the dispute is related to TUSD and not FDUSD, First Digital is fully solvent, FDUSD reserves are safe and reliable, and backed by US Treasury bonds. The exact ISIN numbers of all FDUSD reserves are listed in their certification report with clear records.

First Digital added that this is a typical defamation action by Justin Sun aimed at attacking business competitors, and FDT will take legal action to protect its rights and reputation.

Binance officially stated that according to a recent audit, the stablecoin FDUSD has achieved 1:1 reserve support, meaning each FDUSD is backed by an equivalent US dollar asset.

Binance Launches Second Round of Voting for Listing

According to official information, Binance has launched the second round of voting for listing, where users can view the factors for determining the voting listing pool in the first batch of voting, including tokens: VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, PLUME.

(The rest of the translation follows the same professional and accurate approach)

PayPal Adds Support for SOL and LINK for US Market Users

According to market news: Payment giant PayPal has added support for SOL and LINK for US market users.

Wall Street Giant DTCC Launches Blockchain Collateral Platform to Accelerate Financial Tokenization Process

The world's largest securities settlement organization, DTCC, has officially launched a blockchain-based tokenized collateral management platform that enables automated operations through smart contracts, improving cross-market trading efficiency. The platform will debut at an industry event on April 23 and will promote the establishment of global tokenized collateral standards. DTCC executives stated that collateral liquidity is the "killer application" of blockchain, supporting round-the-clock real-time trading. This move signifies traditional financial giants accelerating their embrace of tokenization technology, with institutions like BlackRock and Fidelity already positioning themselves in this field.

Investment and Financing

Bitfarms Announces Preliminary Agreement for $300 Million Private Debt Financing

Nasdaq-listed mining company Bitfarms announced on X platform that it has reached a preliminary agreement with Macquarie Group for a $300 million private debt financing, to fund the initial HPC project development in Pennsylvania's Panther Creek. The initial financing amount is $50 million, with a maximum drawdown of $300 million after final document signing, and Macquarie Group is expected to provide non-dilutive funding for the initial construction of the Panther Creek data center.

People and Voices

Arthur Hayes: Federal Reserve Enters "Fiscal Dominance" Era, Bitcoin to See New Rally with QE Restart

BitMEX co-founder Arthur Hayes published a long article, using a satirical novel style to point out that Federal Reserve Chairman Powell is caught in a "forced submission" pattern of fiscal dominance, and a shift to loose monetary policy is inevitable. He emphasized that the Federal Reserve will be forced to restart quantitative easing (QE) to cover the massive US fiscal deficit, and the recovery of dollar liquidity will drive Bitcoin's strength.

Hayes analyzed that although the market is still debating the pros and cons of tariffs, what the crypto market should truly celebrate is the imminent return of QE. He predicts this process will begin this summer and notes that the Fed slowing down QT is a signal.

He concluded that fiscal dominance means the Federal Reserve will abandon its independence, prioritizing ensuring the government can finance at affordable rates, which is the core reason for persistent inflation. Facing a new round of fund release, Bitcoin will benefit long-term due to its "digital gold" attributes.

Arthur Hayes: If BTC Holds $76,500 Until Tax Day, It Will "Escape Danger"

BitMEX co-founder Arthur Hayes wrote that the market's reaction to "Liberation Day" was not good, stating, "If Bitcoin can hold $76,500 from now until the US tax day (April 15), we will have escaped danger." He also warned investors "not to be cut by volatile market movements".

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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