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QCP: The long-term sentiment in the cryptocurrency market is becoming more positive, and it is advisable to adopt a wait-and-see strategy regarding the tariff situation in the near term

ChainCatcher news, QCP released its daily market observation stating that after a week of tariff edge policies, risk assets have begun to stabilize, breaking free from barriers that could have dealt a heavy blow to Sino-U.S. trade. The U.S. has imposed tariffs as high as 145% on Chinese imports, while China retaliated with tariffs of 125%, escalating to a level where the market is no longer surprised by further intensification. The enormous scale of these tariffs makes them more symbolic than market-driven factors, contrasting sharply with the panic triggered in the early days of "Liberation Day."After Friday's close, the Trump administration quietly exempted the latest tariffs on smartphones, computers, and chips. Despite the ongoing stalemate, risk assets are pricing in optimistic sentiment, even as the U.S. seems to be negotiating not only with China but also with the bond market and itself.In the crypto market, Bitcoin's risk reversal remains biased towards bearish options until June, indicating that the market still appears somewhat cautious in the short term. However, long-term sentiment is becoming more positive. On Saturday, we observed aggressive buying of 800 contracts of BTC-27MAR26-100k-C. Bitcoin continues to consolidate in the $80,000 to $90,000 range, possibly continuing to trade sideways while adopting a "wait and see" strategy regarding the tariff situation.

The cryptocurrency market generally experienced a pullback, with only the AI and DePIN sectors remaining relatively strong

ChainCatcher message indicates that, according to SoSoValue data, the cryptocurrency market sector is generally experiencing a pullback, with only the AI and DePIN sectors remaining relatively strong. The AI sector has risen by 0.66% in the last 24 hours, with Bittensor (TAO), Render (RENDER), and Fartcoin (FARTCOIN) increasing by 2.30%, 7.51%, and 7.94%, respectively. The DePIN sector has risen by 0.60%, with Helium (HNT) and Grass (GRASS) increasing by 2.47% and 3.82%, respectively.Meanwhile, the cryptocurrency sector indices reflecting historical market trends show that the ssiAI and ssiDePIN indices have increased by 1.72% and 1.19% in the last 24 hours, respectively, with the ssiAI index having a weekly return rate of 3.79%.Additionally, Bitcoin (BTC) has narrowed its decline to 2.47%, rebounding above $80,000. Ethereum (ETH) has dropped by 6.16% in the last 24 hours, falling below $1,600.In other sectors, the CeFi sector has decreased by 0.03%, but Hyperliquid (HYPE) has risen by 6.01%; the Meme sector has fallen by 0.85%, and the Layer1 sector has decreased by 0.99%, with Avalanche (AVAX) rising by 1.20% and Hedera (HBAR) increasing by 1.71%; the Layer2 sector has dropped by 1.09%, with Arbitrum (ARB) rising against the trend by 1.21%; the PayFi sector has decreased by 1.39%, and the DeFi sector has fallen by 1.45%.

The Hong Kong Securities and Futures Commission has approved virtual asset staking, and HashKey Exchange has been authorized to launch Ethereum ETF staking services

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) officially announced on April 7 that it has issued regulatory guidelines regarding the provision of staking services to licensed virtual asset trading platforms, as well as guidelines for SFC-recognized funds investing in virtual assets (virtual asset funds) concerning their participation in staking activities. The virtual asset exchange HashKey Exchange received approval from the Hong Kong SFC on April 10 to become one of the first exchanges in Hong Kong authorized to provide staking services.The SFC stated in the announcement, "The SFC recognizes the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn returns from virtual assets in a regulated market environment."In February this year, the SFC released the "Virtual Asset Development Roadmap" ("A-S-P-I-Re" framework) and proposed to consider expanding the range of virtual asset products under a regulatory framework, including providing staking, leverage, and lending services under clear guidelines.Terence Pu, Managing Director of HashKey Exchange, stated, "HashKey Exchange has built a staking service system that meets regulatory requirements, taking the lead in providing ETH staking services for spot ETFs, and is actively promoting staking services for all customers.This service relies on HashKey Cloud's excellent node operation capabilities to provide users with secure and compliant staking services. In the near future, investors will not only be able to hold Ethereum ETFs to earn staking returns but also hold ETH directly and earn additional returns through our staking services."
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