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The US imposition of tariffs on Chinese goods has triggered a wave of risk aversion in the market, leading to a decline in the stock market and large-scale liquidations in cryptocurrencies. After a synchronized sharp drop, the spot market quickly rebounded, with BTC and ETH showing the strongest resilience. Options market trading volume reached a record high, and demand for short-term put options surged. The perpetual contracts market underwent an extreme test, with a significant increase in on-chain liquidation activities. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model continues to iterate.
Bitcoin dominance falls sharply after tariffs crash, with altcoins now leading the market in performance.Altcoins Take the Lead in Post-Crash RecoveryWhy Bitcoin Dominance Is FallingWhat This Means for Traders and Investors
- 15:44Bitfarms Appoints Former Lazard Banker as CFO to Accelerate AI Transformation StrategyJinse Finance reported that Bitfarms (BITF) has appointed former Lazard energy infrastructure expert Jonathan Mir as Chief Financial Officer, replacing the soon-to-retire Jeff Lucas. This move marks a further deepening of the company's strategic transformation from pure bitcoin mining to AI computing infrastructure. Mir will be responsible for executing the company's AI growth strategy in Pennsylvania, Quebec, and Central Washington.
- 15:44Economist: Inflation Is No Longer the Main Risk, the Federal Reserve Should Focus on Economic GrowthJinse Finance reported that Neil Dutta, Chief Economist at Renaissance Macro, wrote that although inflation remains above the Federal Reserve's 2% target, the trend of cooling prices is already very clear. Therefore, the Fed should fully shift its focus to supporting the weakening economy. He stated that energy prices are declining, which will lead to lower gasoline costs and help curb inflation expectations. In addition, slack in the labor market has increased, and rental housing inflation is also slowing down. "In short, inflation is no longer an issue. Policymakers should make it clear that maintaining economic growth should be the top priority at present."
- 15:29BlackRock CEO: Spot Bitcoin ETF IBIT's Assets Under Management Surpass $100 BillionsChainCatcher reported that BlackRock CEO Larry Fink announced in an interview with CNBC that the assets under management of BlackRock's spot bitcoin ETF (IBIT) have exceeded $100 billions, making IBIT the fastest-growing ETF to date.