PANews reported on April 6 that market sentiment deteriorated sharply after Trump announced the tariff proposal, which exacerbated concerns about global growth expectations and caused a sharp drop in US stocks. On Friday, the market value of the S&P 500 index evaporated another $1.5 trillion, with cumulative losses of up to $3.5 trillion in two trading days. Large technology stocks fell, and the Nasdaq index closed down more than 20% from its record high in December last year, entering a technical bear market.

According to @ai_9684xtpa, "OG who sold 100,000 ETH in ICO in 2015" sold 612 ETH (1.12 million USD) again two days later, with the cost as low as 0.31 USD. The whale has sold 2,213 ETH since April, making a profit of 4.076 million USD; currently, three wallet addresses still hold 32,788 ETH, worth 59.34 million USD.

Crypto analyst Miles Deutscher tweeted in support of Bitcoin, firmly believing that Bitcoin will hit a new ATH between the third quarter of this year and the first quarter of 2026. He believes that people are ignoring the bigger picture, and the final rebound will be stronger than ever before.

The Bitcoin spot ETF with the largest daily net outflow yesterday was the Grayscale Bitcoin ETF GBTC, with a daily net outflow of US$25.212 million. The current historical total net outflow of GBTC has reached US$22.621 billion.

The Ethereum spot ETF with the largest daily net inflow yesterday was the Franklin ETF EZET, with a daily net inflow of US$2.0627 million. Currently, EZET's total historical net inflow has reached US$38.2836 million.

F2Pool co-founder Wang Chun led a four-day SpaceX orbital flight.

Use GHO stablecoin as gas for scalable, fast and low-cost transactions.

Amid the trade war and a new round of tariffs, several companies are considering postponing their initial public offerings (IPOs). These include social trading platform eToro Group, medical technology company Medline, virtual physical therapy company Hinge Health, fintech company Chime, and crypto company Circle. Chime has decided to postpone publicly submitting financial documents to regulators, thereby delaying its IPO process. Circle, which had previously been actively preparing for its IPO, is now cautiously watching the market trend.

Alon, co-founder of pump.fun, tweeted that the Pump Fun live broadcast function has been launched to 5% of users and a live broadcast review policy has been formulated. Violation of this policy may result in the termination of the live broadcast and user account.

The three major U.S. stock indexes closed sharply lower, with the S&P 500 falling 5.97%, the largest single-day drop since March 2020; it closed down 9.08% this week, the largest single-week drop since March 2020. The Nasdaq fell 5.82%, more than 20% below its record high, confirming that it has entered a technical bear market. The Dow fell 5.50%, closing more than 10% below its record high, confirming that it has entered a correction range.

Arthur Hayes tweeted that Bitcoin holders need to learn to embrace tariff policies, and perhaps Bitcoin has finally broken its association with Nasdaq and become the purest "smoke alarm" for fiat currency liquidity.

According to an official announcement, Coinbase will launch the first US-regulated 24x7 Bitcoin and Ethereum futures contracts through its derivatives division, and trading will begin on May 9.