U.S. stocks were hammered for a third day on Monday as the White House remained indifferent to the market crash caused by Trump's shockingly high tariffs on most of the United States' major trading partners. Shortly after the opening bell, stocks rebounded briefly, with the Dow Jones Industrial Average entering positive territory. Speculation about some form of tariff suspension circulated on trading floors and social media, which may have contributed to the stock market's brief turn higher. The White House told CNBC that any talk of a 90-day pause was "fake news."

There were some major moves in the markets on a headline about something that NEC Director Hassett said. It said, "President Trump is considering suspending tariffs on certain countries for 90 days." Within minutes, the news was everywhere, but it looked like fake news. People were citing CNBC because they talked about the rumor, but they didn't report it. Some people were saying it was ABC News, but that also looked fake. The huge buying in the US stock market reversed.

European Commission Vice President Šefčović said the EU will impose the first batch of tariffs on US imports from April 15 and the second batch of tariffs from May 15. The EU is imposing tariffs on the United States in response to the Trump administration's decision to impose tariffs on steel, aluminum and automobiles, and a 20% uniform tariff on other goods. In addition, the EU will set up an import monitoring task force to monitor the possible diversion of goods caused by US tariffs. "This is a major turning point for the United States," said European Commission President von der Leyen. "Nevertheless, we are ready to negotiate with the United States at any time."

Cap, a yield-based stablecoin protocol, announced on Monday that it has raised $11 million in funding from well-known financial institutions such as Franklin Templeton and Triton Capital. The total funding was announced at the end of a recent $8 million seed round and will be used to develop Cap's stablecoin engine, which is scheduled to go live later this year. Previously, Cap had raised $3 million in the previous round of financing. According to the statement, Cap will provide users with a way to earn additional income through re-staking protocols such as EigenLayer. According to reports, Cap's system is designed to enable users to earn passive interest or income based on these tokens.

Pakistan appoints Changpeng Zhao as cryptocurrency strategic advisor.

Bitfinex Alpha said in its latest report that following last week's relatively resilient performance of Bitcoin, which fell only 0.65% for the week, almost flat, far outperforming traditional risk assets, it is clear that this is merely a delayed downside reaction. Although the BTC/S&P 500 ratio has soared to just 5% of its all-time high, showing strong relative strength, the market has now sold off. We believe that stocks are becoming deeply oversold, and a rebound in the short term may narrow this gap in the medium term. However, short-term financing and open interest trends also suggest that Bitcoin is about to fluctuate. Nevertheless, structurally, the foundation for outperformance in the late second quarter seems to be forming. As macro volatility cools, ETF inflows resume, and the sovereign narrative re-emerges, Bitcoin may further decouple from stocks and regain its leadership position as a global risk asset. In addition, although the Fed remains cautious amid uncertainty about inflation dynamics, the overall situation suggests that trade policy rather than monetary policy may be a greater risk to economic momentum in the coming quarters.

MicroStrategy (now Strategy) (MSTR.O) disclosed that the unrealized loss of digital assets in the first quarter was US$5.91 billion; our Bitcoin strategy exposes us to multiple risks. (Jinshi Data APP)

The company did not sell any Class A common stock or perpetual convertible preferred stock under its market-priced offering plan, nor did it purchase any bitcoins between March 31, 2025 and April 6, 2025. As of April 6, it held 528,185 bitcoins, with a total purchase price of $35.63 billion and an average purchase price of $67,458.

Janover, a U.S. listed company, said on Monday that it has raised $42 million by issuing convertible notes and warrants to multiple investors including Pantera Capital, Kraken, Arrington Capital, etc. The funds will be used to purchase SOL as a financial reserve. Janover may be the first company in the United States to adopt an acquisition strategy for Solana. The company intends to change its name to DeFi Development Corporation and modify its stock code. The company's newly appointed chairman and CEO Joseph Onorati revealed that his team plans to start accumulating SOL "immediately". Janover also plans to acquire validators (computers that help run the Solana network and verify transactions), which can be used not only to acquire SOL tokens, but also to "stake" them, that is, to earn rewards by locking SOL tokens on the network.

Trump said on social media that oil prices are down, interest rates are down (the slow-moving Fed should cut rates!), food prices are down, there is no inflation, and the long-suffering United States is getting billions of dollars a week in tariffs from countries that are hurting the United States, and those tariffs are already in place.

As crypto markets began to pull back days after traditional financial markets reacted to President Trump's tariff policy, Bitcoin plummeted to a five-month low of $74,500, down a third from its all-time high on January 20. The decline has left Strategy's (MSTR) Bitcoin investment strategy slightly profitable. The company holds Bitcoin at a total cost of $35.6 billion, and currently has an unrealized profit of about 10%, which means its BTC investment has a floating profit of about $3.9 billion. Strategy currently holds 528,185 BTC, worth $39.5 billion, with an average cost of $67,458 per coin.

Bitcoin has fallen 10% in the past 24 hours, trading just below $74,700 as U.S. President Trump's trade war continues to hit global markets. Geoff Kendrick, head of digital asset research at Standard Chartered Bank, warned: "The trend of cryptocurrencies on Sunday often predicts the performance of the stock market on Monday. If the pattern comes true, today's opening will be very tragic." Last Friday, the Nasdaq 100 index plummeted 5%, and the Dow Jones Industrial Average plummeted more than 2,200 points. CNBC's "Mad Money" host Jim Cramer directly pointed out that this was a "man-made devastating crash", and its trend was strikingly similar to the first three days of "Black Monday" in 1987.

CoinShares' latest weekly report shows that the total net outflow of digital asset investment products last week reached $240 million, which may be related to the economic growth concerns caused by the recent news of US trade tariffs. Among them, Bitcoin outflowed $207 million, and the net inflow from the beginning of the year remained at $1.3 billion. Ethereum outflowed $37.7 million, Solana and Sui outflowed $1.8 million and $4.7 million respectively, while Ton Coin recorded a net inflow of $1.1 million. Despite this, the total scale of digital asset management remained stable at $132.6 billion, an increase of 0.8% from the previous week. In contrast, the MSCI Global Equity Index fell 8.5% during the same period.