ChainCatcher news, according to Politico, President Donald Trump is angry with Federal Reserve Chairman Jerome Powell for showing no signs of a rate cut in the near future. In a Truth Social post released on Thursday morning, Trump wrote that the "sooner he leaves, the better!"But for now, Powell's position seems relatively secure.Trump considered firing Powell during his first term—a move that is legally controversial—and if he attempts to do so again, it could exacerbate market instability. The markets have already become turbulent due to recent tariff shocks. Two individuals close to the White House revealed that Treasury Secretary Scott Bessent has emphasized this point multiple times within the White House, and they requested anonymity due to the sensitive nature of the discussions. Trump himself is also aware of the gravity of the situation. Investor confidence that the Federal Reserve will make decisions based on economic trends rather than short-term political pressure is key to maintaining the U.S.'s reputation in the global financial system.Allies within the White House believe that Trump's post on Thursday morning is more about trying to undermine Powell's position and casting him as a scapegoat for future economic issues, rather than an immediate move to fire him. Of course, nothing is ever certain with Trump; his allies also caution that he could change his mind in an instant and seriously pursue the idea of firing Powell.A White House spokesperson responded to related questions by stating that Trump's post on Truth Social should be taken as the standard. The U.S. Treasury did not immediately respond to a request for comment.

ChainCatcher news, according to CoinDesk, JPMorgan CEO Jamie Dimon stated that he is preparing to deal with the turmoil in the nearly $30 trillion U.S. Treasury market, while the Federal Reserve will only take action when they start to feel a bit panicked. The U.S. Treasury market plays a central role in global finance, setting the tone for all market factors, from mortgage rates to corporate bond yields.Jamie Dimon warned that if the financial system were to become paralyzed again, the consequences could ripple through the entire economy. Turmoil in the U.S. Treasury market leading to Federal Reserve intervention may prompt some investors to turn to Bitcoin (BTC), which is often seen as a hedge against currency instability—similar to the situation in 2020 when the Federal Reserve took aggressive stimulus measures, causing Bitcoin prices to soar.

ChainCatcher news, according to Protos, the support rate for Canadian Bitcoin-supporting prime minister candidate Poilievre has significantly dropped this year, from 93% to 25%, a decline of 73%.Currently, Carney, who has the support of Trump, has become the most popular candidate, with a support rate of 76%. It is reported that Poilievre previously advocated for the "decentralization" of Canada's finance through Bitcoin, while Carney supports the development of Central Bank Digital Currency (CBDC).

ChainCatcher news, according to Jinshi Data, U.S. National Economic Council Director Hassett stated that the volatility in the bond market is not the direct reason for Trump's suspension of tariffs, but it may have added "a bit of urgency" to this decision."Everything is proceeding in an orderly manner. There is no doubt that the bond market reacted this way yesterday, you know, it's time to take action, and I think it might be a bit more urgent. But this will happen," Hassett said.On Wednesday overnight, the yield on the U.S. 10-year Treasury rose above 4.5%, and the yield on the 30-year Treasury soared above 5%, causing bond prices to plummet.

ChainCatcher news, Deutsche Bank stated that if the turmoil that pushed the cost of long-term borrowing in the U.S. above 5% continues, the Federal Reserve will need to step in to stabilize the U.S. Treasury market.On Wednesday, concerns over the safety of U.S. assets escalated due to Trump's trade war, exacerbating the sell-off of U.S. Treasuries, with the 30-year Treasury yield rising to 5.02%, the highest level since November 2023. If this situation persists, the Federal Reserve will need to intervene, which the bank's global head of foreign exchange strategy, George Saravelos, referred to as a "circuit breaker"—that is, emergency quantitative easing. He wrote, "If the recent turmoil in the U.S. Treasury market continues, we believe the Federal Reserve will have no choice but to urgently purchase U.S. Treasuries to stabilize the bond market."

ChainCatcher news, according to The Block, Bernstein analysts stated that despite the recent impact of U.S. President Donald Trump's tariff policies on cryptocurrencies and traditional markets, Bitcoin has shown "impressive resilience."The analysts pointed out that during previous crisis periods (such as the market panic triggered by the COVID-19 pandemic, interest rate shocks, etc.), Bitcoin typically experienced a 50% to 70% pullback, whereas it has only declined 26% currently, indicating that more resilient capital is supporting Bitcoin.The analysts believe that from a temporal perspective, Bitcoin is a probabilistic "gold," manifesting as a more volatile and liquid version of gold.

ChainCatcher message, top trader Eugene Ng Ah Sio posted on his personal channel that this drop is not only unprecedented turmoil in the cryptocurrency market but also in the entire stock market. He vaguely feels that as long as it is handled properly, once this storm passes, it may create wealth that can change one's destiny. But for now, surviving is the key.

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that a second tariff will be imposed on Venezuela, and any country purchasing oil and gas from Venezuela will pay a 25% tariff to the United States, which will take effect on April 2.

ChainCatcher news, according to Cryptoslate, François Villeroy de Galhau, the Governor of the Bank of France and a member of the European Central Bank's governing council, stated in an interview with the French newspaper La Tribune Dimanche that U.S. President Trump’s support for cryptocurrencies is making a huge mistake, and the U.S. could pave the way for the next financial crisis by embracing cryptocurrencies and non-bank finance. He said, "The U.S. may make a mistake out of negligence. Financial crises often originate in the U.S. and then spread to other parts of the world. By encouraging crypto assets and non-bank finance, the U.S. government is laying the groundwork for future turmoil. The current wave of deregulation in the U.S. is dangerous."Villeroy de Galhau has been openly critical of Trump’s policies. Even before Trump took office in January, Villeroy de Galhau was one of the earliest economists to express concerns about Trump and his policies. On January 15, he said, "I think that the claims we sometimes hear in the U.S. about the lack of regulation of non-bank institutions, various funds, or the lack of regulation of crypto assets could jeopardize financial stability." Earlier this week, Villeroy de Galhau stated that Trump’s trade war and economic policies are "a tragedy for the U.S. economy."

ChainCatcher news, according to Bloomberg, European Central Bank Governing Council member Francois Villeroy de Galhau stated that the U.S. support for cryptocurrencies and non-bank finance could potentially trigger the next financial emergency.In an interview with the French weekly "Le Journal du Dimanche," he said: "The U.S. could commit a crime out of negligence. Financial crises often originate in the U.S. and spread to other parts of the world.By encouraging crypto assets and non-bank finance, the U.S. government is sowing the seeds of future turmoil." Galhau added that regulation in Europe is more secure and stated that there is no risk of a banking crisis occurring in the EU.

ChainCatcher news, according to Jinshi reports, four sources familiar with the matter revealed that Russia is using cryptocurrency in its oil trade with India to circumvent Western sanctions. Although Russia has publicly encouraged the use of cryptocurrency and passed a law last summer allowing digital currencies to be used for payments in international trade, there have been no previous reports of its use in oil trade. The sources stated that some Russian oil companies are using Bitcoin, Ethereum, and stablecoins like Tether to facilitate the process of exchanging Indian rupees for Russian rubles.They also added that while this portion of cryptocurrency transactions accounts for a small share of Russia's total oil trade volume of $192 billion last year (according to the International Energy Agency), it is on the rise. Cryptocurrency has previously helped countries like Iran and Venezuela, which are under U.S. sanctions, maintain their economies while avoiding the use of the dollar (the preferred currency for global oil market transactions).

ChainCatcher news, according to Jinshi reports, Monex Europe analysts stated in a report that the dollar extended its decline on Tuesday, hitting a 12-week low, as concerns over the weakening growth outlook for the U.S. economy put pressure on the dollar.They noted that the concerns about economic growth stem from the tariffs imposed by the Trump administration and broader policies, as well as recently weak U.S. economic data. However, these worries about U.S. economic growth may be "somewhat overstated."Meanwhile, the market has also underestimated the impact of tariffs in other regions. They indicated that U.S. import tariffs should still have a net positive effect on the dollar. Currently, traders may need time to digest the full impact of the latest developments, so for those betting on a stronger dollar, this could be a "difficult process."