By James Van Straten (all times one unless otherwise stated)

Fear grabs the financial markets largely triggered by President Donald Trump’s customs reviews with Hong Kong shares threw 14% Monday, most since the Asian financial crisis in 1997, and Taiwan and Japanese shares sliding 10%.

European shares did not do much better. FTSE 100, DAX and CAC 40 are each down more than 5%.

Crypto markets were not immune either. Bitcoin (BTC) dropped 10% over 24 hours, dipped below $ 75,000, and ether (ETH) threw 22%. The XRP and Sol also nosy more than 20%, while DOGE is down more than 15%. Bitcoin dominance continues to rise and hit 63%, a level that was not seen since the beginning of 2021. Coindesk 20 index, a target for the wider market, has lost almost 12% during the last day.

As far as US shares are concerned, the S&P 500 is set to start the week already in the Bear Market Area-down 20% from its highest high and 5% lower in trading before the market-and on course for what could be the worst three-day performance in its history.

China, whose warehouses fell 7%, is reportedly considering front -loading stimulus measures to soften battles. On Friday, it announced a mutual 34% tarif on all US items.

“We have massive economic deficits with China, the European Union and many others,” Trump wrote about truth social this weekend. “The only way this problem can be cured is with customs rates that now bring tens of thousands of billions of dollars into the United States they are already in effect and a beautiful thing to see … We will return [the deficit]And turn it quickly. One day people will realize that tariffs for the United States of America are a very beautiful thing! “

So where can investors seek refuge? For now, it seems to be US bonds. The 10-year-old note has risen by 8% years to date, while Ishares 20+ year old government bond bond ETF (TLT), which tracks the long end of the dividend basket, has increased by 6% when investors are related to government debt and push the dividend lower. This decrease in yield is a welcome sign for the US administration.

Spicy investor Bill Ackman noted that trade secretary Howard Lutnick doesn’t seem to be concerned about a potential financial crash, suggesting that Lutnick and Cantor Fitzgerald, the financial service company he used to lead, are long bonds. Ackman suggested on X that they could be placed to take advantage of a downturn.

What is the next? Keep an eye on countries crawling to avoid tariffs. Some, such as Argentina, Taiwan and India, are already showing signs of admitting and removing customs on US imports. The uncertainty about these negotiations is likely to keep the markets unstable as the volatility S&P 500 Index (VIX) hits 60 in trade before the market. It is the highest level since August 2024. These are definitely times to remain aware!

What to look at

• Crypto:
  • April 7 at. 20:30: Syscoin (SYS) activates the Nexus upgrade on its mainnet at block 2,010.345.
  • April 9: The upgrade of the Mercury Network is used on Neutron (NTRN) Mainnet that migrates it “from Cosmos Hub’s Interchain Security to a fully superb POS network.”
  • April 9, 7 p.m. 10: US House Financial Services Committee, which heard about how US securities laws could be updated to take into account digital assets. Livestream -link.
  • April 10 at. 10:30 pm: Status Conference for former TerraForm Labs CEO do Hyeong Kwon at the US district court for the southern district of New York.
  • April 11, 13:00: US SEC Crypto Task Force Roundtable on “Tailoring Regulation for Crypto Trading” in Washington.
• Macro
• Earnings (Estimates based on Factset -Data)

Token -events

• Management votes and calls
  • Sky DAO votes on a performing proposal that includes a number of initiatives, including the initialization of the ALOCATOR-BLOOM-A with a 0% stability fee and a 10 million USDS debt ceiling that updates Smart Burn Motor’s “hop” parameter and extends Sparlend’s liquidity operations. Voting ends May 3rd.
  • Uniswap DAO is discussing a proposal to support V4 extension with the creation of subdomains to track BSL License exemptions and official implementations that give the Uniswap Foundation a carpet license to implement V4 on target chains.
  • April 7, 9 AM: Origintrail to host a “forming of AI for Good” Zoom speech.
  • April 7, 11:30: Jupiter’s team to discuss DAO processes, working groups, its LFG V2 and more.
  • April 7, 16:00: LivePeer hosts a monthly community call that focuses on governance, funding and the strategic direction for its chain rate box.
  • April 10, 7 p.m. 10: Header to host a Community Call discussing the HBR Foundation, joining ERC3643, Non-Profit’s standards and Header Asset Tokenization Studio.
• Unlock
  • April 8: Tensor (TNSR) to lock 35.96% of its circulating supply worth $ 13.98 million.
  • April 9: Movement (Moving) to lock 2.04% of its circulating supply worth $ 15.13 million.
  • April 12: APTOS (APT) to lock 1.87% of its circulating supply worth $ 47.5 million.
  • April 12: Axie Infinity (AXS) to lock 5.68% of its circulating supply worth $ 21.27 million.
  • April 15: Starknet (Strk) to lock 4.37% of its circulating supply worth $ 15.12 million.
  • April 16: Arbitum (Arb) to lock 2.01% of its circulating supply worth $ 24.49 million.
• Token lists

Conferences

Token Talk

By Shaurya Malwa

• Ultimate Fighting Championship (UFC) Celebrity Conor McGregors Crypto token, tied to the real world game DAO (RWG), flopped in the 28-hour pre-sale, and raised only $ 392,315 of its $ 1,008,000 minimum goals, led to full refund of all USDC bids from 668 investors.
• RWG accused “challenging macroeconomic conditions” and the “distracting meme -tale” of the failure, paused the launch to calibrate, with Refunds processed Via Ethereum at. 15.53 on Sunday.

• Despite the setback, RWG proclaimed its use of Axis Finance’s sealed-bit auction as a transparent and fair mechanism, although it could not set a clearing price for the real token.
• McGregor had beaten the token as a “game change” to crypto, not a celebrity gimmick, while RWG is planning a relaunch despite the collapse.

Derivatives Location

• Total Bitcoin Futures -Liquidations hit $ 58.8 million. In the last day, with longs that account for almost 75% of the mood. The figures show that the positioning was bullish on its way into the week, but not unusual.
• Open interest in Ether Futures is close to the recent record height of 2.24 million ETH, while prices fall when dealers are short on a fall in the market.
• ETH, XRP, BNB, SOL, TRX, DOGE AND ADA see negative eternal financing rates representing a bias for bearish short positions.
• At Deribits Options Market Hunted dealers short -term BTC sets strikes from $ 78K to $ 70k. Both BTC and ETH settings showed that Pricans released the outlet in June.

Market movements

• BTC is down with 8.12% from 1 p.m. 16 A Friday of $ 77,310.66 (24 Hours: -6.59%)
• ETH is down with 16.7% to $ 1,514.40 (24 hours: -15.4%)
• Coindesk 20 has dropped 13.63% at 2,169.30 (24 hours: -11.83%)
• Ether Cesr Composite Staking Rate has fallen 10 BPS at 2.92%
• BTC -Financing rate is at 0.0059% (2,1374% annual) on Binance

• DXY is down 0.11% at 102.91
• Gold has risen 0.85% of $ 3,037.6/oz
• Silver has increased by 2.85% of $ 29.95/OZ
• Nikkei 225 Closed -7.83% at 31,136.58
• Hang bed closed -13.22% at 19,828.30
• FTSE has dropped 4.7% at 7,676.63
• Euro Stoxx 50 is down 6.32% at 4,570.18
• Djia closed Friday -3.98% at 38,314.86
• S&P 500 closed -5.97% at 5,074.08
• NASDAQ closed -5.82% at 15,587.79
• S&P/TSX Composite Index closed -4.69% at 23,193.50
• S&P 40 Latin America closed -6.47% at 2,294.60
• US 10-year-old Treasury is down 3 bps by 4%
• E-MINI S&P 500 FUTURES HAS FALLED 3.98% AT 4.906.75
• E-MINI NASDAQ-100 FUTURES ARE DOWN 4.3 %% on 16,785.50
• E-mini dow jones industrial average index futures has dropped 3.82% at 37,057.00

Bitcoin -Statistics:

• BTC Dominance: 63.60 (0.45%)
• Ethereum to Bitcoin ratio: 0.01957 (-2.93%)
• Hashrate (Seven-Day Sliding Average): 897 EH/S
• HashPrice (Spot): $ 42.40
• Total fees: 4.31BTC / $ 354.774
• Cme futures open interest: 137,695 BTC
• BTC priced in gold: 25.1 oz
• BTC VS GOLD MARKET CAP: 7.12%

Technical analysis

• The XRP has dived under the horizontal support line to $ 1.95, confirming a head-and-shoulder bearish reversing pattern.
• The division could bring a remarkable downward down to $ 1.07.

Crypto shares

• Strategy (Mstr): Closed on Friday of $ 293.61 (+4.01%), down 8.56% to $ 268.48 in Pre-Market
• COINBASE GLOBAL (COIN): CLOSED TO $ 160.55 (-5.98%), down 7.91% to $ 147.85
• Galaxy Digital Holdings (GLXY): Closed on C $ 13.53 (-10.28%)
• Mara Holdings (Mara): Closed to $ 11.30 (+0.62%), down 9.65% to $ 10.21
• Riot Platforms (Riot): Closed to $ 7.14 (-2.19%), down 6.02% to $ 6.71
• Core Scientific (Corz): Closed to $ 7.18 (+0.42%), down 6.82% to $ 6.69
• Cleanspark (CLSK): Closed to $ 7.32 (-1.21%), down 8.61% to $ 6.69
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 12.32 (-3.37%), down 7.95% to $ 11.34
• Semler Scientific (SMLR): Closed to $ 33.85 (-0.62%), down 12.85% to $ 29.50
• Exodus Movement (Exod): Closed to $ 44.63 (+4.69%)

Etf is flowing

SPOT BTC ETFS:

• Daily Net Tream: -$ 64.9 million
• Cumulative net streams: 36.16 billion dollars
• Total BTC holdings ~ 1.12 million.

SPOT ETH ETFS

• Daily Net Tream: 2.1 million dollars
• Cumulative net streams: 2.37 billion dollars
• Collected ETH holdings ~ 3.38 million.

Source: Father’s page -Investors

Flows overnight

Today’s chart

• The number of users drawing flash loans from Aave, the leading decentralized financing protocol, increased to 307, the highest since the beginning of August 2024.
• Flash loans utilize Ethereum’s atomicity, allowing users to borrow without placing collateral for a fee on condition that the loan is repaid in the same transaction that you borrowed in the same transaction that the user borrowed funds.
• These types of loans are usually drawn to arbitrage trades seeking to take advantage of price differences between two markets.

While you were asleep

In ether