Key Takeaways
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Market Environment: The University of Michigan survey of U.S. consumer confidence is less than expected, inflation expectations soared, market sentiment is more pessimistic. Then the Federal Reserve hinted at a bailout and the United States and some of the electronics tariffs to boost market sentiment, U.S. stocks turned up, bitcoin topped $ 86,000. However, the weekend tariffs added variables, semiconductor, pharmaceuticals and other industries tariffs will soon be introduced, electronic tariffs or only a temporary exemption. Risk assets face a new round of uncertainty, bitcoin fell below $84,000, U.S. stock futures turn lower after positive open.
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Market Spotlight: RWA public chain MANTRA sparked a market buzz after a 1-hour flash crash of over 90% and liquidation of over $67 million in 12 hours. The project was exposed for price manipulation by market makers, changing the token economy and delaying promised community airdrops.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 5,363.35 | +1.81% |
| NASDAQ | 18,690.05 | +1.89% |
| BTC | 83,756.80 | +0.81% |
| ETH | 1,597.90 | -2.81% |
Crypto Fear & Greed Index: 31 (45, 24hrs ago) - Fear
Macro Economy
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US March PPI: +2.7% YoY (below previous/forecast)
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US April 1-year inflation expectation: 6.7% (prev. 5%, est. 5.1%)
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Michigan Consumer Sentiment (Apr prelim): 50.8 (below prev/est)
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Fed's Collins: The Fed is "absolutely" prepared to stabilize markets if needed
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US Commerce Sec: Electronics tariffs coming soon, pharma tariffs within 1-2 months
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US granted temporary exemptions for smartphones, PCs, chips; may be provisional
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White House: Trump expressed willingness to reach agreement with China
Industry Highlights
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South Korea postponed Credit Information Act for crypto firms to Dec 2025
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Pakistan introduced first compliant virtual asset framework
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SEC considering regulatory sandbox for tokenized securities trading pilots
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SEC & Binance jointly requested 60-day litigation extension
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SEC & Ripple filed preliminary settlement, seeking stay of appeals
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World Liberty Financial denied ETH sell-off claims as "completely false"
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McDonald's rejected Bitcoin purchase proposal for May shareholder meeting
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Argentina's lifted currency controls boosted stablecoin trading volume
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Ethereum DEX daily unique traders hit 12-month low
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Michael Saylor's Bitcoin tracker update hints at potential accumulation
Project Highlights
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Trending Tokens: OM, RFC
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OM: RWA blockchain crashed >90% after >4.5% circulating supply was dumped. Faced year-long issues including market manipulation and broken airdrop promises.
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RFC: Musk-themed meme coin briefly hit $100M market cap (ATH)
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ENA: Ethena Labs introduced weekly USDe reserve proofs
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ONDO: Copper to custody Ondo's tokenized treasury products (OUSG/USDY)
Weekly Outlook
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Apr 14: Trump's semiconductor tariff details; NY Fed 1-year inflation exp; KERNEL launch
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Apr 15: NY Fed Manufacturing Index; EU may pause US tariff counters for 90 days; Shardeum mainnet; WalletConnect WCT token
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Apr 16: US retail sales; Powell speech; Binance delists 14 voted tokens
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Apr 17: DBR unlock (63.24% circ. supply, ~26.5M);OMNIunlock(42.8926.5M)
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Apr 18: US market holiday; TRUMP unlock (342M);MELANIA unlock(13.1M)
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Apr 19: ZKJ unlock (25.72% circ. supply, ~$35.25M)
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