ChainCatcher news, CryptoQuant Research Director Julio Moreno posted on social media, "Trump's tariffs have brought too much uncertainty to the global economy. If the tariffs last long enough, the likelihood of an economic recession is quite high.Despite a positive regulatory environment and advancements regarding U.S. cryptocurrency reserves, this still affects the prices of Bitcoin and cryptocurrencies."

ChainCatcher news, Mike Alfred posted on the X platform: "The Trump administration is set to announce a zero capital gains tax on cryptocurrency transactions at the crypto summit on Friday."In response, Adam Cochran, a partner at Cinneamhain Ventures, stated: "Mike has blocked me for repeatedly fact-checking him, but that won't stop me. The president cannot unilaterally change tax law. Only Congress can. This is one of the few powers explicitly granted to Congress by the Constitution. Even if the president announces this decision or attempts to sign an executive order for it, it won't make it law. This is no more effective than me claiming to be a cupcake."

ChainCatcher news, on Monday Trump confirmed that the tariffs on Mexico and Canada will take effect on March 4, emphasizing that there is no room for negotiation with the two countries, causing heightened market panic. According to 4E monitoring, the three major U.S. stock indices collectively closed lower, with the Dow Jones down 1.48%, the S&P 500 down 1.76%, marking the largest decline of the year, and the Nasdaq down 2.64%, erasing gains since the November election. Tech stocks led the decline, with Nvidia plummeting 8.69%, hitting the lowest closing price since September 2024.The cryptocurrency market followed the U.S. stock market with a significant drop. On Sunday, Trump posted about promoting a national cryptocurrency reserve, causing a collective surge in the market, with Bitcoin briefly reaching $95,000, then pulling back, and fluctuating lower amid market skepticism about Trump's strategic reserve leaning towards altcoins, raising concerns about "advertising space." On Monday, as the tariff hammer was raised, hopes for a last-minute tariff agreement between the U.S. and Mexico/Canada were dashed, leading to another market plunge. By the time of writing, Bitcoin had dropped 10.49% to $83,384, below the level before Trump's tweet, while Ethereum fell 16.83% to $2,038, hitting a new low.In the forex commodities sector, with tariffs looming and weak U.S. economic data, the dollar index softened, falling 1%; Trump's pressure proved effective as OPEC+ unexpectedly announced plans to restore production increases starting in April, leading to a sharp decline in oil prices, with U.S. oil down nearly 2%; the weakening dollar resonated with tariff concerns, causing spot gold to fluctuate upward throughout the day.Previously, the market had hoped that Trump's threats regarding tariffs on Mexico and Canada were merely bluster, but with confirmation, the trade war situation has intensified. Additionally, U.S. manufacturing activity growth in February approached stagnation, adding signs of stagflation to the economy. Investors are worried about tariffs and the economy, leading to heightened risk aversion, with U.S. stocks and cryptocurrencies plummeting, while U.S. bonds and gold prices rose.4E, as a financial trading platform supporting assets such as cryptocurrencies, stock indices, bulk gold, and forex, recently launched a USDT stablecoin financial product with an annualized return of 8%, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate assets wisely.

ChainCatcher news, in the past 24 hours, the prices of American concept coins have shown an overall downward trend, but trading volume continues to grow. According to MEXC data, $ADA has been active, with the number of spot traders increasing by 409% month-on-month and the number of contract traders increasing by 259%; in terms of trading volume, spot trading has increased by 410% month-on-month, and contracts have increased by 913%.Meanwhile, the trading enthusiasm for $XRP remains strong, with the number of spot traders increasing by 129% month-on-month and contracts increasing by 88%; in terms of trading volume, spot trading has increased by 205% month-on-month, and contracts have increased by 142%. On March 2, Trump made a statement regarding cryptocurrency reserves, announcing that his digital asset executive order has instructed the presidential task force to advance a crypto strategic reserve plan that includes XRP, SOL, ADA, BTC, and ETH, to "ensure that the United States becomes a global crypto hub."This statement ignited market enthusiasm, leading to rapid fluctuations in the prices and trading volumes of related assets. As market sentiment gradually stabilizes, the prices of American concept coins have experienced a pullback, but the trading enthusiasm in the market has not completely faded, and investors are still closely monitoring the further impact of U.S. policies on the crypto market.

ChainCatcher news, Mike Alfred, founder of the digital asset investment platform Eaglebrook Advisors, posted on the X platform: "There are reports that the Trump administration is set to announce a zero capital gains tax policy on cryptocurrency sales at the cryptocurrency summit on Friday (i.e., cryptocurrency sales will be exempt from capital gains tax)."

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated on Monday local time that he told Japanese leaders that they cannot continue to let their currency depreciate, as this is unfair to the United States. Trump said: "We can't do this because it's not fair to us."When Japan and other places are devaluing their currencies, it is difficult for us to produce tractors here. When asked about Trump's remarks, Japanese Finance Minister Taro Aso stated that Tokyo has not implemented any direct policies aimed at weakening the yen.Taro Aso said at a press conference in Tokyo on Tuesday that Japan has confirmed its basic stance on exchange rate policy with the G7 and the United States, including during a bilateral meeting with U.S. Treasury Secretary Mnuchin.

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that tariffs will be imposed on imported agricultural products starting from April 2.

ChainCatcher news, venture capital firm Paradigm announced the expansion of its policy committee, with new members including CNN host Van Jones, former National Security Advisor and Ambassador Robert C. O'Brien, former Trump administration officials Johnny DeStefano and Alexander B. Gray, as well as Democratic consultants Jen Brown and Kyle Layman.

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that reciprocal tariffs will begin to take effect on April 2. Tariffs on Canada and Mexico will start on Tuesday.

ChainCatcher news, according to Jinshi reports, U.S. Secretary of Commerce Ross stated, "President Trump will decide on the tariff issue today, and we will release relevant information on Tuesday."

ChainCatcher news, according to The Wall Street Journal, informed sources revealed that under a plan expected to be announced by U.S. President Trump later on Monday evening local time, TSMC (TSM.N) plans to invest $100 billion in the U.S. over the next four years to build chip manufacturing plants. This investment will be used to construct cutting-edge chip manufacturing facilities. This expansion plan will promote the long-term goal of revitalizing the U.S. semiconductor industry.TSMC established its presence in Arizona in 2020, when the company announced it would invest $12 billion to build a chip factory there. Since then, the company's ambitions for the site have rapidly expanded, with two additional factories built at the same location, totaling an investment of $65 billion. The company's first factory began mass production at the end of last year.U.S. White House officials later confirmed that President Trump and chip manufacturer TSMC (TSM.N) will make an announcement at 1:30 PM Eastern Time (2:30 AM Beijing time tomorrow), expected to announce TSMC's $100 billion investment in the U.S.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform that March is expected to become "Crypto Month" in Washington, with major events including:On March 6, the U.S. Commodity Futures Trading Commission will host a CEO Forum to discuss tokenized assets and how stablecoins can serve as collateral in the futures market.On March 7, the White House and Trump will host the first Crypto Summit.On March 21, the U.S. SEC will host the first crypto industry roundtable, with a total of five sessions.

ChainCatcher news, according to The Block, Standard Chartered's Head of Digital Assets Research Geoff Kendrick stated that the cryptocurrency reserve strategy announced by Trump provides long-term stability for Bitcoin, bringing renewed attention to his previously predicted target of $500,000.Kendrick noted in an investor report: "We have shifted from selling on rebounds to buying on dips, so I am refocusing on the $500,000 target for Bitcoin." He predicts that Bitcoin will reach $200,000 by the end of 2025, $300,000 by the end of 2026, $400,000 by the end of 2027, and $500,000 by the end of 2028, potentially maintaining that level until the end of 2029.Kendrick also emphasized the strategic importance of Trump's cryptocurrency reserve plan, believing it could encourage U.S. states to develop their own Bitcoin reserve plans, potentially holding a quantity of Bitcoin comparable to that of the federal government (around 200,000 coins). He stated: "Trump's announcement of the crypto reserve eliminated the possibility of 'bad outcomes' and created space for the crypto market to begin to rise."

ChainCatcher News, the White House stated on its X platform that President Trump will deliver a joint address to Congress for the first time tomorrow night at 9 PM Eastern Time (10 AM Beijing Time on March 5).

ChainCatcher news, according to The Block, investment bank TD Cowen expressed caution regarding the "crypto strategic reserve" plan announced by U.S. President Trump on Sunday, stating that the plan lacks coordination and does not clarify the source of funding.The TD Cowen Washington research team noted in a report released on Monday: "We advise against overreacting to this social media post. The initial version did not even include Bitcoin and Ethereum in the reserve scope, indicating that the plan has not been fully coordinated." The research team also emphasized that Trump did not discuss how the government would acquire funds to purchase these tokens, raising questions about the feasibility of the plan.Meanwhile, the White House's first cryptocurrency summit is scheduled for this Friday, hosted by crypto mogul David Sacks, with Trump set to speak, and key industry figures and investors expected to attend. TD Cowen stated: "This summit is important and will reveal how the Trump team intends to advance legislation on stablecoins and the structure of the crypto market."