ChainCatcher News: The U.S. stock market fell again on Monday, with the Dow Jones down 2.48%, the S&P 500 down 2.36%, and the Nasdaq down 2.55%. The main reason for the sharp decline in U.S. stocks is President Trump intensifying his attacks on Federal Reserve Chairman Jerome Powell, raising questions about the independence of the Federal Reserve. Meanwhile, traders saw little sign of progress in global trade negotiations.As threats escalate, the dollar is also under pressure, hitting a three-year low. At the same time, gold prices soared to a record high of over $3,400 per ounce. Michael Green, Chief Strategist at Simplify Asset Management, pointed out, "What is becoming increasingly clear is the deep-seated conflict between the Federal Reserve and the U.S. government. We are essentially replaying the scenario from the COVID-19 pandemic, and this uncertainty has substantially disrupted trade... Most people expect some form of stimulus measures to be introduced to offset the impact of tariffs."

ChainCatcher news, Abra's head of over-the-counter options trading Bohan Jiang stated that the recent macroeconomic downturn has caught the derivatives market off guard, with the Chicago Board Options Exchange's Volatility Index (VIX) soaring. In the past 24 hours, the VIX has surged above 65 points, marking the highest level since the market panic at the onset of the COVID-19 pandemic.Bohan Jiang said, "I expect that the implied volatility in the cryptocurrency market will remain high until macro factors stabilize. Most options market participants were not prepared for the recent macroeconomic recession. As the macro narrative shifts, the cryptocurrency market still tends to trend upward; there is almost no hedging against downside risks."

ChainCatcher news, according to CCTV News, the White House stated that U.S. President Biden tested positive for COVID-19. According to the White House statement, Biden's COVID-19 test result was positive after his first event in Las Vegas that day. The statement said that Biden has received a booster vaccine and is currently experiencing mild symptoms. Biden will return to his home in Delaware to isolate and continue working from home.According to Jrj, Biden stated in an interview that if doctors directly tell him that there are issues with his health, he will reassess whether to continue his presidential campaign.

ChainCatcher news, Ethereum founder Vitalik Buterin and Polygon founder Sandeep Nailwal's Crypto Relief have decided to invest another $100 million in COVID-19 research projects. Of this, Crypto Relief has already allocated $90 million from the initial SHIB donation, and Vitalik Buterin will contribute an additional $10 million of his own funds.Vitalik Buterin stated that COVID-19 and future pandemics are global issues that require a global solution. Last year, Crypto Relief allocated $100 million for COVID-19 research projects. (source link)