Chinese State Council: The U.S. will become a laughingstock in the history of the world economy if it continues to impose additional tariffs
The Customs Tariff Commission of the State Council announced that the U.S. government has further increased the tariff rate of "counteracting tariffs" on Chinese goods imported into the U.S. to 125%. The U.S. unilateral escalation of exorbitant tariffs against China flagrantly violates international economic and trade rules, disregards the global economic order established by the U.S. itself after World War II, goes against basic economic principles and common sense, and is entirely a practice of unilateral bullying and coercion. China strongly condemns this.
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The Customs Tariff Commission of the State Council announced that the U.S. government has further increased the tariff rate of "counteracting tariffs" on Chinese goods imported into the U.S. to 125%. The U.S. unilateral escalation of exorbitant tariffs against China flagrantly violates international economic and trade rules, disregards the global economic order established by the U.S. itself after World War II, goes against basic economic principles and common sense, and is entirely a practice of unilateral bullying and coercion. China strongly condemns this.
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South Korea has postponed applying the Credit Information Act to crypto exchanges until December 1, 2025, granting a grace period with no penalties unless violations involve intent or gross negligence.
The Credit Information Act regulates the collection, use, and protection of personal and financial data. Its application to crypto would require exchanges to treat user transaction records as sensitive credit information.
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The Credit Information Act regulates the collection, use, and protection of personal and financial data. Its application to crypto would require exchanges to treat user transaction records as sensitive credit information.
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π April 11, 2025 cryptocurrency news highlights
γCryptocurrencyγ
Arizona, officially passed the Bitcoin Mining Rights Act HB 2342, which protects anyone who runs nodes or mines digital assets from partitioning or use bans and restriction β
γEconomyγ
South Korea has postponed applying the Credit Information Act to crypto exchanges until December 1, 2025, granting a grace period with no penalties unless violations involve intent or gross negligence.
γIndicatorsγ
If Bitcoin breaks through $81,000, the cumulative liquidation intensity of mainstream CEX will reach 1.184 billion
γMoreγ
President repealed a late Biden-era crypto tax rule that required brokers to report user transactions to the IRS via Form 1099s, rolling back a key data-reporting mandate.
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γCryptocurrencyγ
Arizona, officially passed the Bitcoin Mining Rights Act HB 2342, which protects anyone who runs nodes or mines digital assets from partitioning or use bans and restriction β
γEconomyγ
South Korea has postponed applying the Credit Information Act to crypto exchanges until December 1, 2025, granting a grace period with no penalties unless violations involve intent or gross negligence.
γIndicatorsγ
If Bitcoin breaks through $81,000, the cumulative liquidation intensity of mainstream CEX will reach 1.184 billion
γMoreγ
President repealed a late Biden-era crypto tax rule that required brokers to report user transactions to the IRS via Form 1099s, rolling back a key data-reporting mandate.
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U.S. stocks increased during the session, and MicroStrategy rose by 8.27%.
Nad States index rising 1.49%, the S&P 500 rising 1.25%, and the Dow rising 0.8%. Cryptocurrency stocks rose, among which:
MicroStrategy (MSTR) rose by 8.27%;
MARA Holdings (MARA) rose 3.8%.
Most U.S. technology stocks rose:
Microsoft (MSFT) rose by 1.55%;
Apple (AAPL) rose by 3.67%;
GOOGLE (GOOG) ROSE BY 2.9%;
NVIDIA (NVDA) ROSE 2.58%;
Meta Platforms (META) fell by 0.9%;
Amazon (AMZN) rose by 0.7%;
Tesla (TSLA) fell by 2.4%.
π± @Money π± Twitter
Nad States index rising 1.49%, the S&P 500 rising 1.25%, and the Dow rising 0.8%. Cryptocurrency stocks rose, among which:
MicroStrategy (MSTR) rose by 8.27%;
MARA Holdings (MARA) rose 3.8%.
Most U.S. technology stocks rose:
Microsoft (MSFT) rose by 1.55%;
Apple (AAPL) rose by 3.67%;
GOOGLE (GOOG) ROSE BY 2.9%;
NVIDIA (NVDA) ROSE 2.58%;
Meta Platforms (META) fell by 0.9%;
Amazon (AMZN) rose by 0.7%;
Tesla (TSLA) fell by 2.4%.
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Binance announced that it will adjust the ORCAUSDT contract funding rate settlement frequency
According to official news, Binance Contract will adjust the ORCAUSDT perpetual contract funding rate settlement frequency at 16:00 (Beijing time) on April 12, 2025. The funding rate settlement frequency will be adjusted from once every four hours to once every two hours.
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According to official news, Binance Contract will adjust the ORCAUSDT perpetual contract funding rate settlement frequency at 16:00 (Beijing time) on April 12, 2025. The funding rate settlement frequency will be adjusted from once every four hours to once every two hours.
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Bitcoin ecological tokens rebounded, MAGICβ’INTERNETβ’MONEY rose by more than 147% in a single day
According to market information, Bitcoin ecological tokens rebounded today, including:
Rune MAGICβ’INTERNETβ’MONEY rose by more than 147% in a single day, and the current market value reached 75.33 million US dollars;
WZRD rose by 126.4% in a single day, and the current market value reached 52.46 million US dollars;
BILLIONβ’DOLLARβ’CAT rose by 52.1% in a single day, and the current market value reached 14.08 million US dollars.
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According to market information, Bitcoin ecological tokens rebounded today, including:
Rune MAGICβ’INTERNETβ’MONEY rose by more than 147% in a single day, and the current market value reached 75.33 million US dollars;
WZRD rose by 126.4% in a single day, and the current market value reached 52.46 million US dollars;
BILLIONβ’DOLLARβ’CAT rose by 52.1% in a single day, and the current market value reached 14.08 million US dollars.
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π April 12, 2025 cryptocurrency news highlights
γCryptocurrencyγ
Bitcoin ecological tokens rebounded, MAGICβ’INTERNETβ’MONEY rose by more than 147% in a single day
γEconomyγ
The market is losing confidence in US policy making and the economy, with investors fleeing US assets in large numbers πΊπΈ
γIndicatorsγ
U.S. stocks increased during the session, and MicroStrategy rose by 8.27%.
γMoreγ
McDonald's shareholders' Bitcoin proposal was rejected, and the U.S. SEC determined that the company had the right not to discuss it
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γCryptocurrencyγ
Bitcoin ecological tokens rebounded, MAGICβ’INTERNETβ’MONEY rose by more than 147% in a single day
γEconomyγ
The market is losing confidence in US policy making and the economy, with investors fleeing US assets in large numbers πΊπΈ
γIndicatorsγ
U.S. stocks increased during the session, and MicroStrategy rose by 8.27%.
γMoreγ
McDonald's shareholders' Bitcoin proposal was rejected, and the U.S. SEC determined that the company had the right not to discuss it
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