US tariffs will be implemented reciprocally from April 2, ending the regulatory crackdown on crypto assets

Headline

▌Trump: Tariffs will be fully implemented from April 2

US President Trump: Suspend tariffs to help Mexico and Canada. Tariffs will be fully implemented from April 2, and they may increase over time.

▌U.S. Treasury Secretary: We will end the regulatory crackdown on crypto assets

U.S. Treasury Secretary Scott Bessent said at the White House Crypto Summit: "We will end the regulatory crackdown on digital assets. The Biden administration has done nothing but punish innovators."

Market

As of press time, according to Coingecko data:

BTC recently traded at $86,509.54, up or down +0.3% on the day;

ETH recently traded at $2,147.57, up or down +0.1%；

BNB's latest transaction price is 594.19 US dollars, with a daily increase or decrease of +1.3%；

SOL's latest transaction price is 140.17 US dollars, with a daily increase or decrease of +3.8%；

DOGE's latest transaction price is 0.2008 US dollars, with a daily increase or decrease of +2.5%；

XPR's latest transaction price is 2.40 US dollars, with a daily increase or decrease of -0.7%。

Policy

▌White House Releases Fact Sheet on Trump's Establishment of Strategic Bitcoin Reserve and Digital Asset Reserve

The White House released a fact sheet on the Strategic Bitcoin Reserve and the U.S. Digital Asset Reserve established by President Trump today, with details including: The Strategic Bitcoin Reserve will be created using Bitcoin seized in criminal or civil proceedings. Bitcoin will be maintained as a store of reserve assets and will not be sold. The Departments of Treasury and Commerce may develop budget-neutral strategies to acquire additional Bitcoin. Establish a U.S. Digital Asset Reserve for other seized digital assets. The government will not purchase additional assets beyond seized assets for the Digital Asset Reserve. Requires agencies to provide the Treasury with a full accounting of digital assets. Positions the United States as a leader in government digital asset strategy.

▌Trump: The government’s crypto assets will be stored in a new U.S. digital asset library

U.S. President Trump said at the first White House cryptocurrency summit, “The federal government is already one of the largest holders of Bitcoin, and has acquired up to 200,000 bitcoins through civil law and various other laws and law enforcement actions. These current holdings will form the basis of the new reserve. Unfortunately, in recent years, most of the BTC was sold during the Biden administration. Starting today, the United States will follow a very clear principle, never sell your Bitcoin, and the government is currently setting up a list of crypto assets. The crypto assets held will be stored in a new U.S. digital asset library and properly managed. I also want to express my strong support for the efforts of lawmakers and Congress as they are drafting bills to provide for U.S. dollar stablecoins and digital assets. "There won't be any tax moves," a senior White House official confirmed to CNBC. "You know, the cryptocurrency internet is full of rumors [...] I don't know how some of these things started. President Trump promised during his campaign to set up a cryptocurrency committee, and he wants to hear advice and feedback from the industry, and that's the purpose of the summit." class=" list-paddingleft-2">

Blockchain Applications

▌152nd Ethereum ACDC Meeting: Developers Will Work to Return Holesky to a Stable State

Christine Kim, Vice President of Galaxy Research, published a summary of the 152nd Ethereum Core Developer Consensus (ACDC) conference call. This week, developers agreed on a new strategy for testing Pectra based on the progress of Holesky and Sepolia upgrades; developers will continue to work on restoring Holesky to a stable state, which is expected to take about three weeks; in addition, developers will launch a Holesky shadow fork that inherits the exact same state and on-chain environment as the original public testnet.

Cryptocurrency

▌Emirates NBD, Dubai's Largest Bank, Launches Cryptocurrency Trading Services

Emirates NBD, one of Dubai's largest banks, has launched cryptocurrency trading services through its digital banking platform Liv. Users can now buy, sell and trade cryptocurrencies on the LivX app. The service is powered by Aquanow, a local digital asset company authorized by the Dubai Virtual Asset Authority, and the custody service is provided by Zodia Custody, a subsidiary of Standard Chartered Bank. The move highlights the growing interest of financial institutions in digital assets, following the recent announcement of Ethereum staking services by Switzerland's PostFinance AG and the first spot purchase of Bitcoin by Italy's Intesa Sanpaolo.

▌The U.S. SEC Crypto Working Group announced the panel members and list of the first industry roundtable meeting.

On March 7, according to Fox Business reporter Eleanor Terrett, the U.S. SEC Crypto Working Group announced the panel members and list of the first industry roundtable meeting. The theme of the meeting is "How We Got Here and How We Go Out-Defining the Security State". A panel of 12 lawyers and scholars will participate in the discussion from 1:00 to 5:00 p.m. local time on Friday, March 21 at the U.S. Securities and Exchange Commission headquarters in Washington, D.C. The meeting will be hosted by Troy Parades, founder of Paredes Strategies LLC, and will be attended by Brookwood Managing Partner Collins Belton and Delphi Ventures executive Sarah Brennan.

▌A BSC ecological big player built a position worth $2.05 million in SHELL and $1.77 million in BNB

On March 7, according to ai_9684xtpa monitoring, BSC ecological big player 0x10B...145d1 built a position worth $2.05 million in SHELL and $1.77 million in BNB two hours ago. SHELL had a brief rebound this afternoon and has now fallen back to $0.3028, while the cost of the new address is about $0.314, with a floating loss of $60,000.

▌White House official: The first step in establishing a strategic digital asset reserve is to audit the government's existing cryptocurrency holdings

Speaking before an industry summit today, a senior White House official said that the first step after establishing the US strategic Bitcoin reserve and other digital asset reserves will be to audit how much cryptocurrency the government holds. The person said that after the Silk Road exchange was closed, the United States once had about 400,000 Bitcoin tokens, and about half of them were sold. According to Arkham data, the United States currently has about $17.5 billion in Bitcoin and about $400 million worth of several other tokens in its known digital wallets.

Important Economic Dynamics

▌The three major stock indexes opened lower at the opening of the U.S. stock market, MicroStrategy fell 4.3%

Golden Finance reported that the U.S. stock market opened, and the three major stock indexes opened lower, with the Dow Jones Industrial Average down 0.42%, the S&P 500 down 0.28%, and the Nasdaq down 0.2%. The decline of U.S. cryptocurrency stocks widened after the opening, including: Coinbase (COIN) fell 0.17%; Tesla (TSLA) fell 0.2%; MicroStrategy (MSTR) fell 4.3%; MARA Holdings (MARA) fell 3.4%; Riot Platforms (RIOT) fell 1.8%.

▌Fed Chairman Powell: The Fed does not need to rush to adjust interest rates

Fed Chairman Powell said the Fed does not need to rush to adjust interest rates. The Fed does not need to rush to act and can wait for the situation to become clearer. Uncertainty about the impact of the Trump administration's policies remains high, and some recent inflation expectations surveys and market indicators have risen due to tariffs. It is expected that the road to 2% inflation will continue to be bumpy and will not overreact to one or two economic data that exceed expectations.

▌Fed Chairman Powell: The impact of tariffs this time may be different, and what matters is long-term inflation expectations

Fed Chairman Powell said on Friday that the costs of being cautious about monetary policy at the moment are "very, very low," but he also said that if inflation expectations come under pressure, those costs could rise, and while the standard response to expectations of a one-time price increase from tariffs is to ignore it, this time may be different. Powell said: "If it (i.e. tariffs) becomes a series of events, and if the increase is larger, then it will be important, and what really matters is what happens to long-term inflation expectations." Powell also pointed out that in 2019, the Fed actually cut interest rates three times in response to the Trump administration's first tariffs and the economic slowdown it triggered. "This is the result of growth and everything else that has been caused by these broad economic policy changes, not just tariffs."

Golden Encyclopedia

▌What is DeFAI

DeFAI combines the decentralized financial ecosystem of DeFi with artificial intelligence-driven analysis and automation. DeFAI is still in its early stages, focusing mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point in the Crypto asset industry.

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