NEO

4E: Trump ignites recession panic, U.S. stocks and crypto markets plummet simultaneously

ChainCatcher news, Trump's remarks over the weekend about the U.S. economy facing a "transformation period" weakened investors' confidence in a policy shift amid the backdrop of a market crash, exacerbating economic concerns.According to 4E monitoring, on Monday, all three major U.S. stock indices plummeted, with the S&P 500 index falling 2.7%, marking a new closing low since September last year; the Dow Jones dropped 2.08%, erasing gains since the U.S. elections in November; the Nasdaq fell 4%, recording the largest daily drop since September 2022. Major tech stocks all declined, with Tesla closing down over 15%, the largest drop since September 2020, and its stock price halved from its historical high. The combined market value of the seven major tech companies evaporated by over $830 billion on Monday, setting a record for the highest single-day market value loss.The "Black Monday" in U.S. stocks crashed the cryptocurrency market, with Bitcoin hitting a low of $76,600, the lowest in nearly four months, essentially returning to the level when Trump won the election last year. At the time of writing, it has slightly rebounded to $79,125, with a 24-hour decline of about 3.5%. Mainstream altcoins, including ETH and SOL, were also severely affected, with Ethereum dropping below $1,800, marking the lowest since October 2023.In the foreign exchange market, risk aversion pushed the dollar index up slightly, while the oil market faced pressure, with international oil prices falling by 1.5%. Affected by profit-taking and a weakening stock market, spot gold dropped by 0.7%.In the past two months, the uncertainty surrounding Trump's tariff policy has intensified market fears of a U.S. economic recession. An increasing number of viewpoints suggest that to achieve long-term goals of tariffs and reducing government size, Trump may tolerate short-term economic and market difficulties. Currently, the Federal Reserve has entered a quiet period ahead of the March 19 FOMC meeting, and the market cannot gain new policy guidance from officials' statements.

Roam will start trading on eight exchanges simultaneously on March 6, with airdrop and reward activities launching at the same time

ChainCatcher news, Roam ($ROAM) will launch ROAM/USDT trading on March 6, 2025, at 10:00 (UTC) on eight exchanges: Bybit, KuCoin, MEXC, Bitget, Backpack, Gate.io, Hotcoin, and LBank. The specific arrangements for each exchange are as follows:Bybit: Deposits open from February 28 at 10:00 (UTC) (Solana network). New users can participate in a share of the $ROAM prize pool of 3.5 million (March 4-18), and there will be a trading event from March 6-18 to win a prize pool of 500,000 $ROAM.KuCoin: Deposits are open (SOL-SPL network). The collective auction will start on March 6 from 09:00 to 10:00 UTC, and various spot trading bots will be supported after trading goes live.MEXC: Deposits are open, with a pre-deposit prize pool of 10,000 $ROAM (maximum 100 $ROAM per person). Instant exchange will open on March 7 at 10:00 (UTC).Bitget: Deposits are open, and new users can enjoy a CandyBomb airdrop of 1,675,000 $ROAM (March 6-13).Backpack: Pre-deposits are open, but the event announcement has not yet been released.Gate.io: HODLer Airdrop provides 200,000 $ROAM (March 4-6, requires ≥ 1 GT), and deposits will share a pool of 20,000 $ROAM (March 3-10).Hotcoin: Deposits & trading will share a prize pool of 50,000 $ROAM (March 6-13).LBank: Pre-deposits are open, but the event announcement has not yet been released.In addition, Roam officially launched multiple airdrop activities: 100,000 ROAM community creation rewards; miner/network builder airdrops; and a 7-day continuous check-in reward (up to 1400 Points).
2025-03-04
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