AICoin Daily Report (April 8)

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11 days ago

1. Expectations for Emergency Rate Cuts by the Federal Reserve Rise

Odaily Planet Daily reports that expectations for an emergency rate cut by the Federal Reserve are rising as there are no signs that Trump will compromise on tariffs. Swap trading indicates a roughly 40% chance of a 25 basis point rate cut next week, well ahead of the Federal Reserve's scheduled rate decision on May 7. Meanwhile, investors are selling off risk and flocking to bonds, causing yields to plummet. On Monday, the yield on the U.S. two-year Treasury, which is most sensitive to monetary policy, fell by 22 basis points to 3.43%, totaling a decline of about 50 basis points since Trump announced tariffs. -Original

2. Global Bank CEOs Hold Talks on Trump's Tariff Crisis

CEOs of some of the world's largest banks held private talks regarding the financial market turmoil and global economic devastation triggered by Trump's tariff blitz. Leaders from banks such as Bank of America, Barclays, Citigroup, and HSBC held a conference call on Sunday to discuss the ongoing chaos, as the stock market's plunge reflects concerns about a global economic recession. Sources say the Sunday meeting was convened by the Washington-based public policy organization, the Bank Policy Institute (BPI). One source indicated that the call aimed to allow U.S. banking executives to outline their views on the tariff chaos unfolding. -Original

3. Pakistan Appoints CZ as Cryptocurrency Strategic Advisor

Odaily Planet Daily reports that Pakistan has appointed Binance co-founder CZ as a cryptocurrency strategic advisor. -Original

4. Standard Chartered Believes Bitcoin Will Rebound to $84,000 Level

Bitcoin has dropped 10% in the past 24 hours, trading slightly below $74,700, as President Trump's trade war continues to impact global markets. Geoff Kendrick, head of digital asset research at Standard Chartered, warned, "The trend of cryptocurrencies on Sunday often predicts Monday's stock market performance; if this pattern holds, today's opening will be very grim." Last Friday, the Nasdaq 100 index had already plummeted by 5%, and the Dow Jones Industrial Average fell by over 2,200 points, with CNBC's Mad Money host Jim Cramer calling it a "man-made catastrophic crash," resembling the three days leading up to the 1987 "Black Monday." Despite the market turmoil, Kendrick believes Bitcoin will benefit in the long run. He predicts that Bitcoin will soon rebound to last Friday's level of $84,000 and prove that while it is not "digital gold," it still serves as a hedge during market turbulence. Kendrick emphasized in the report: "Bitcoin will become a tariff risk hedging tool in this trade war. The U.S. isolationist policy exacerbates the risks of holding fiat currency, ultimately benefiting Bitcoin." -Original

5. Galaxy Digital Approved for Listing in the U.S.

Galaxy Digital plans to relocate to Delaware and list on Nasdaq after a shareholder vote on May 9. -Original

6. U.S. Federal Agencies to Submit Cryptocurrency Holdings Report Soon

U.S. federal agencies are expected to disclose their cryptocurrency holdings to the Treasury Department by April 7, but there is no requirement for public disclosure. This report stems from an executive order signed on March 7, which created a strategic Bitcoin reserve and a broader digital asset reserve. The Bitcoin reserve will be established through Bitcoin seized by federal agencies via civil or criminal asset forfeiture. -Original

7. KuCoin Receives SOC 2 Type II Certification

According to official news, global leading cryptocurrency exchange KuCoin has successfully completed the SOC 2 Type II audit, marking a significant achievement in ensuring security and compliance. This audit demonstrates KuCoin's strong commitment to security, availability, confidentiality, privacy, and processing integrity. SOC 2 is an internationally recognized auditing standard that assesses how companies protect customer data and ensure system reliability through strict internal controls. SOC 2 Type II certification specifically focuses on the effectiveness of a company's internal controls over a specific period. This comprehensive audit was conducted by Decrypt Compliance, involving a year-long review of KuCoin's policies, procedures, and systems to ensure they meet industry-standard trust service criteria. The independent audit confirmed that KuCoin's security practices are sound and reliable. -Original

8. JPMorgan CEO Warns Tariffs May Trigger Economic Downturn

JPMorgan CEO wrote a letter to shareholders on Monday expressing concerns about President Donald Trump's tariff policies. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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