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Cardano founder responds to White House not being invited: No need to strike a deal with Trump, focus on promoting global blockchain policies

ChainCatcher news, according to DL News, Cardano founder Charles Hoskinson responded to not being invited to the White House Crypto Roundtable in an exclusive interview, stating "there's no need to make a deal with Trump," and emphasized that the current U.S. push for crypto policy reform should focus on a "sustainable, long-term framework," rather than being reliant on short-term political figures.Previously, Trump met with crypto executives including Coinbase CEO Brian Armstrong, MicroStrategy Executive Chairman Michael Saylor, and Ripple CEO Brad Garlinghouse at the White House to discuss digital asset regulation, while Hoskinson, seen as a representative of the sovereign blockchain camp, was not invited, despite the White House recently considering including ADA in the national crypto reserve.Hoskinson stated that he is lobbying globally to promote blockchain policy, closely engaging with U.S. Senate Banking Committee Chairman Tim Scott to support his proposed stablecoin legislation, the Genius Act; meeting with former Digital Transformation Minister Takaya Hirai in Japan; and communicating with President Milei's team in Argentina. He stressed that even if Trump issues a crypto executive order, establishes a Bitcoin strategic reserve, and appoints crypto-friendly individuals to lead the SEC, the real importance lies in the regulatory stability brought about by legislation.

4E: "Black Monday" strikes, global risk assets plummet

ChainCatcher news reports that, according to 4E monitoring, a tariff storm is sweeping the globe, and market panic is spreading, intensifying the sell-off of risk assets. Following a nearly 10% drop last week, U.S. stock futures opened sharply lower on Monday, with S&P 500 and Nasdaq futures at one point falling over 5%. As of the time of writing, the declines have narrowed to 2.39% and 3.17%, respectively, while Dow futures fell 2.42%. The Asia-Pacific stock markets also opened with significant losses, with the Nikkei index plummeting 8.1%, the South Korean KOSPI index dropping 5.14%, and all three major A-share indices falling over 4%. The Hong Kong Hang Seng index opened down 9.28%.The cryptocurrency market also experienced a significant downturn, closely mirroring the performance of U.S. stocks. Bitcoin fluctuated narrowly around $83,000 over the weekend, but began to break through key support levels early Monday morning, hitting a low of $77,100, marking a nearly one-month low. Other major cryptocurrencies also saw sharp declines, with Ethereum dropping 13.5% to $1,580. The total global cryptocurrency market capitalization shrank from $2.4 trillion to $2.16 trillion, a decrease of 10%. The total liquidation amount across the network in the past 24 hours was $886 million. The market is in a state of extreme panic.The commodities market also did not escape unscathed. Spot gold fell below the psychological level of $3,000, hitting a low of $2,971. U.S. oil dropped to $59.80 per barrel, down 12% from last week's high, marking a new low since April 2021.

4E: Trump's tariff news strikes the market again, U.S. stocks and the crypto market decline

ChainCatcher news reports that, according to 4E monitoring, Trump's tariff news has once again hit the market. On Wednesday morning, news broke that Trump would announce tariffs on automobiles, causing U.S. stocks to fall, with the three major indices recording their first decline in four trading days. The Dow fell by 0.31%, the S&P 500 dropped by 1.12%; the Nasdaq plummeted by 2.04%, marking the largest single-day drop since March 11. Tech stocks led the decline, with Tesla and Nvidia both falling over 5%.The cryptocurrency market has seen increased volatility, with Bitcoin dropping below $86,000 due to the drag from U.S. stocks. After the U.S. stock market closed, it quickly rebounded, reporting $87,500 at the time of writing, a slight decrease of 0.2% over 24 hours. Other major tokens mostly experienced slight declines, with Ethereum striving to hold above $2,000. The JELLYJELLY incident that drew attention yesterday once again exposed how easily whales can manipulate the market, revealing that Hyperliquid is not truly decentralized.In the forex and commodities sector, the U.S. dollar index was mostly on the rise on Wednesday. After the White House confirmed it would announce new automobile tariffs, the increase quickly expanded to nearly 0.5% for the day; crude oil inventories fell more than expected, with WTI and Brent crude rising nearly 1.8% and 1.6%, respectively, reaching new highs for the month; gold slightly retreated by 0.1%, marking its third decline in four days.After unexpectedly weak consumer confidence data was released on Tuesday, Trump announced on Wednesday, after the U.S. stock market closed, that a 25% tariff would be imposed on all imported automobiles. Meanwhile, "reciprocal tariffs" will also be clarified in the coming days. Against the backdrop of the Trump administration's impending rollout of tariff policies, two Federal Reserve officials issued warnings about potential shocks, raising market concerns about the economic outlook and increasing risk-averse sentiment.

Biden authorizes Ukraine to use U.S. missiles to strike targets within Russia

ChainCatcher news, according to reports from Bloomberg and the Associated Press, the outgoing Biden administration seems to be desperately undermining the global geopolitical landscape and has authorized the lifting of some restrictions on Ukraine's use of Western-made weapons to strike military targets within Russia.This decision is reportedly due to North Korea increasing its support for Russian President Putin's army, as well as Russia ramping up missile and drone attacks on its neighbors. This approval marks a significant shift in U.S. policy and comes as Biden is about to leave office, while the incoming elected president Trump has stated he will quickly end the war and has expressed skepticism about continued U.S. support. Ukrainian President Zelensky has long urged allies to allow the use of Western weapons to strike military targets within Russia. He believes this decision will enable Ukraine to better defend against attacks on its critical infrastructure and cities.Insiders say that if approved, this capability may first be used in Russia's Kursk region, where Ukraine is currently fighting against North Korean and Moscow forces. However, one insider mentioned that even if any permission is granted, it is unlikely to reach the extent that Ukraine has requested.It is reported that Ukraine plans to conduct its first long-range strike in the coming days, likely using the Army Tactical Missile System (ATACMS). (Jinshi)
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