QCP Capital analyzed that US President Trump announced a 10% tariff on all imported goods and implemented "reciprocal tariffs" for countries with large trade deficits, triggering global trade tensions. As a result, the price of Bitcoin plummeted from a high of $88,500 to $81,200, erasing previous gains and leading to widespread liquidation in the crypto market, with more than $221 million of long positions being closed, and BTC falling more than ETH. At the same time, US stock futures also suffered a heavy blow, with S&P 500 futures falling 3.38% and Nasdaq 100 futures falling 4.28%. The market focus now turns to tonight's US non-farm payrolls report, and weak data may strengthen the Fed's expectations of further interest rate cuts this year. The market currently expects four interest rate cuts in 2025, in June, July, September and December, with each cut of 25 basis points. In the short term, the volatility of the options market remains high, and investors tend to buy downside protection, reflecting the uncertainty and cautious attitude of market sentiment. However, with risky assets oversold, there may be opportunities for a rebound in the short term.

Cango announced that it will sell its Chinese auto finance business to Ursalpha Digital Limited, which is associated with Antalpha under Bitmain, for US$352 million, and will fully transform into a Bitcoin mining company.

According to the announcement of MARA Holdings, a total of 242 blocks were mined in March 2025, a month-on-month increase of 17%, with an average daily BTC output of 26.8 and a cumulative output of 829 BTC. The company's total BTC holdings increased to 47,531.

A total of 600 million BABY will be airdropped to Phase 1 stakers, Finality Providers, Pioneer Pass NFT holders, and GitHub contributors, accounting for 6% of the total supply.

According to official news, Binance Alpha has launched StakeStone (STO), which is currently priced at $0.061.

Binance announced that it will adjust the label classification of some tokens on April 3. The following tokens will be added to the Watch label: Ardor (ARDR), Biswap (BSW), Flamingo (FLM), LTO Network (LTO), NKN (NKN), PlayDapp (PDA), Perpetual Protocol (PERP), Viberate (VIB), Voxies (VOXEL), and Wing Finance (WING). At the same time, the following tokens will be removed from the Seed label: Jupiter (JUP), Starknet (STRK), and Toncoin (TON).