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## Crypto Daily Digest: Trump authorized 90-day suspension of tariffs, 21Shares submitted spot Dogecoin ETF application

According to Farside Investors data, the total net outflow of US <a href="/ja/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> spot ETFs yesterday was $127 million, of which BlackRock IBIT had an outflow of $89.5 million, and other BTC ETFs had mainly small outflows. Yesterday, the <a href="/ja/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> spot ETF had a small outflow of $5.7 million, and the BlackRock ETHA data has not been updated yet.

According to Alternative data, today's crypto panic and greed index is 25 (yesterday's was 18). Market sentiment has eased as the broader market has risen, but it is still in a panic stage.

**Trump authorized 90-day suspension of tariffs**

U.S. President Donald Trump announced that he was authorizing a 90-day suspension of tariffs, which apply to both reciprocal tariffs and 10% tariffs. The suspension takes effect immediately.

"Given that over 75 countries have called U.S. representatives to negotiate solutions to issues related to trade, trade barriers, tariffs, currency manipulation, and non-monetary tariffs, and that these countries have not retaliated against the United States in any way, shape, or form at my strong recommendation, I have approved a 90-day suspension," Trump said.

After the news was released, U.S. stock indexes rose sharply. As of the time of writing, the Nasdaq rose by more than 12.16%, the S&P 500 rose by 9.52%, and the Dow rose by 7.87%; Bitcoin rose by 8.57%, and ETH rose by 14.67%. After Trump suspended tariffs, traders cut their bets on the Federal Reserve's interest rate cut in May.

**21Shares submitted spot <a href="/ja/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> ETF application in the United States**

According to Bloomberg analyst James Seyffart, digital asset management company 21Shares has submitted an application to the U.S. Securities and Exchange Commission to launch a spot Dogecoin exchange-traded fund, following similar applications submitted by competitors Bitwise and Grayscale.

The 21Shares Dogecoin ETF will attempt to track the price of the memecoin Dogecoin. House of Doge, a company owned by the Dogecoin Foundation, plans to help 21Shares market the fund, according to the company’s Form S-1 registration statement filed on April 9.

**Opinion: The Fed won't save Trump from a trade war**

Economist Nouriel Roubini has a new warning for Wall Street: Traders should pare back bets that the Federal Reserve will cut interest rates more aggressively to mitigate the impact of President Donald Trump’s trade war.

Nouriel Roubini, a famous economist known as "Dr. Doom" for accurately predicting the global financial crisis, believes that the United States will avoid a recession and the Federal Reserve will keep interest rates unchanged for the rest of the year after the tariff-related policy dispute eases. "This is certainly a head-to-head battle between the Trump bottom and the Powell bottom," Roubini said, "but I would say that the strike price of the Powell bottom will be lower than the Trump bottom, which means that Powell will wait until Trump blinks first."

Fed Chairman Jerome Powell said last week that the economic impact of new tariffs could be far greater than expected, and the Fed must ensure that this does not trigger more serious inflation problems. This week, traders have digested the expectation that the Fed will cut interest rates three to five times, each time by 25 basis points, and some on Wall Street even believe that the Fed may make an emergency rate cut before its next meeting.

## Market Trends: FARTCOIN led the market, BABY will be launched today
### Market Hotspots
FARTCOIN rose by more than 50% in a day, once leading the market for Altcoins; FARTCOIN rose by nearly four times in the past month, becoming the best performing AI meme token in the market; FARTCOIN's current circulation market cap is $730 million, ranking 77th in the entire market. FARTCOIN is still down nearly 70% from its historical high;

The new coin BABY will be launched on major trading platforms today, with a current market cap of approximately $2 billion; BABY is the native token of the Bitcoin staking protocol Babylon. Babylon uses native BTC to provide security for the PoS chain and connects BTC with the DeFi ecosystem. The project's TVL once exceeded $6 billion at the end of 2024, but has now fallen back to $4 billion as the staking snapshot has ended;

<a href="/ja/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> chain meme coins such as POPCAT and VINE have surged. There is no improvement in the fundamentals of the meme coins themselves. It may be that market speculators are randomly betting on the early hot targets of the track. The market outlook remains to be observed.

### Mainstream Coins
BTC surged and plummeted during the day. After Trump announced the suspension of tariffs, it once soared to over $83,000. Today, the AHR999 index is 0.74, indicating that the current price is still suitable for long-termists to invest;

ETH follows the market ups and downs, with a daily fluctuation of up to 20%. After falling below $1,400, it rebounded to around $1,650. ETH/BTC rebounded slightly and is currently around 0.02;

Altcoins generally rose, and the fully circulated meme coins rose even more. The AI ​​agent and RWA sectors showed a collective upward trend.

## Macro news: US stocks surged collectively, with the Nasdaq soaring more than 10%
Yesterday, the U.S. stock market rose sharply during the day, and the three major indexes closed collectively soaring. As of the close, the Dow Jones Industrial Average rose by more than 2,900 points, an increase of 7.87%, the largest increase since March 25, 2020, and all 30 constituent stocks closed higher; the S&P 500 index rose by 9.52%, the largest increase since October 29, 2008, and the third largest single-day increase since World War II; the Nasdaq rose by 12.16%, the second largest single-day increase in the history of the index, second only to 14.17% on January 3, 2001.

Shortly after the U.S. stock market opened, Trump posted on his social media platform: "Now is a great time to buy." He also encouraged fans to "calm down" and claimed that "everything will be resolved smoothly." During the U.S. stock market, U.S. President Trump said that he had authorized a 90-day tariff suspension on countries or regions that did not take retaliatory actions. As soon as the news came out, global risk asset markets generally rose sharply.

Some people believe that the epic rebound of the stock index does not mean that all problems have been solved. The Federal Reserve released the minutes of its March monetary policy meeting on its official website. The minutes show that Fed policymakers almost unanimously agreed at last month's meeting that the US economy faces the risk of rising inflation and slowing growth at the same time, which is the so-called stagflation.

The minutes showed that almost all Fed officials believed that inflation risks were tilted to the upside and employment risks were tilted to the downside. Some policymakers pointed out that the Fed may face a "difficult trade-off."



<div class="blog-details-info">
<div>Author:**Icing T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>


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Daily News | Trump Announced The Suspension Of Tariffs, BTC Led The General Rise Of Altcoins