Tariffs, Customs, Customs.

Trump’s on-again, off-again import taxes dominated the week. In the beginning, customs rates sent stocks and crypto noticeably lower. At the end, with all new non-China-duty rates that were paused for 90 days, the markets were up again.

Bitcoin returned to a level ($ 82,000) that it was at this time last week. And analysts discussed whether in the panic in the previous days it showed “Safe Haven” qualities (as gold) or whether it was a risk company like many others. Consensus was that Bitcoin performed resistant rather than completely reassuring.

Our Asia reporting team led the way on our market coverage. Omkar Godbole started the week strongly by revealing how the settlement of the “basic trade” could affect the Bitcoin price. Sam Reynolds wrote about how Kalshi was set to win his legal battle in Nevada, hours before the prediction market got its first victory in the state. Shaurya Malwa reported the first XRP ETF list in the US and how the Teucrium’s geared fund received $ 5M during its first trading day.

From our European team, there was some timely analysis from James van Straten and the very important American 10-year dividend moving in the wrong direction for Trump, and a story showing the resilience of the decentralized economy of Oliver Knight, how defi ‘tross’ market red when traders poured millions in the midst of panic. Our coverage expanded in addition to just tariffs and market reactions, with Jamie Crawley’s scoop, Rootstock is preparing to release SDKs to Bitcoin Layer 2S using BitVMX after he took the opportunity to an embargo press release to call the company and interview the founder. And there was a nice defi follow-up on the consequences of Hyperliquid’s award manipulation that utilized from March by Oliver how the hype for Hyperliquid’s vault evaporated in concern about centralization.

In the meantime, there was plenty of news that was not customs related.

Paul Atkins was confirmed as the new SEC chairman. The Department of Justice closed his crypto enforcement unit, which led to criticism from Democrats and others that it is not serious to fight malfeasance. SEC approved ETF options after a long delay. And President Trump ended a controversial defi -accounting rule.

It was a week showing how crypto became more and more central to funding and even macroeconomics. Fun times are ahead.