Daily News: Trump to Lower China Tariffs, Bitcoin Hits $93,000 as Crypto Market Surges

Other updates involve Standard Chartered Bank's view on Bitcoin and Investment trends regarding cryptocurrency, per multiple sources.

Trump: Will Significantly Lower Tariffs on China

According to The Hill, President Trump stated on Tuesday that he would "significantly lower" the current tariffs on China, which are as high as 145%, but not to zero. The White House has indicated it is "paving the way for a deal with China," and Treasury Secretary Bessent expects the US-China trade war to "cool down." The Trump team has received trade negotiation proposals from 18 countries and stated that further measures will be taken if no agreement is reached after the 90-day suspension period.

IMF World Economic Outlook Report: 40% Probability of US Recession in 2025

According to Jin10.com, the IMF World Economic Outlook report states that the probability of the US falling into recession in 2025 is 40%, up from 27% last October. It is expected that global inflation will reach 4.3% in 2025 and 3.6% in 2026, with inflation expectations in developed economies significantly revised upwards. The rapid escalation of trade tensions and high uncertainty are expected to have a significant impact on growth in all regions. The inflation rate in emerging economies is expected to decrease from 5.6% to 5.5% in 2025.

Standard Chartered: Concerns Over Fed Independence May Push BTC to All-Time High

According to Walter Bloomberg, Jeff Kendrick of Standard Chartered stated in a report that if concerns over the independence of the Federal Reserve persist, Bitcoin could reach an all-time high. He noted that due to its decentralized ledger, this cryptocurrency can hedge against risks in the existing financial system. This risk is currently manifesting through U.S. Treasury bonds after President Trump hinted at possibly dismissing Fed Chairman Jerome Powell due to his willingness to cut rates. Kendrick stated that the premium investors demand for buying long-term Treasury bonds over short-term ones has risen significantly, which is favorable for Bitcoin. Standard Chartered expects Bitcoin prices to rise to $200,000 by the end of 2025.

US Commerce Secretary's Son Launches $3 Billion Cryptocurrency Investment Plan

According to Jin10.com citing the Financial Times, Brandon Lutnick, son of US Commerce Secretary Howard Lutnick, is leading financial services firm Cantor in collaboration with SoftBank, Tether, and crypto trading platform Bitfinex to form a Bitcoin investment consortium exceeding $3 billion. According to three informed sources, the consortium will absorb billions of dollars in crypto assets held by partners, following the successful path of Strategy (MSTR.O) — a software company transformed into a cryptocurrency investment firm, currently holding Bitcoin worth tens of billions of dollars, with a market capitalization soaring to $91 billion. This move coincides with the Trump administration's push for digital currency-friendly policies. The sources added that Tether will contribute $1.5 billion in Bitcoin, while SoftBank and Bitfinex will contribute $900 million and $600 million in Bitcoin, respectively.

US Publicly Listed Company DeFi Development Corporation Purchases $11.5 Million in SOL

According to Globe Newswire, Nasdaq-listed company DeFi Development Corporation (formerly Janover, stock code: JNVR) announced the purchase of 88,164 Solana (SOL), valued at approximately $11.5 million. Following this purchase, the company holds a total of 251,842 SOL, with a total value of about $34.4 million (including staking rewards). The company stated that the newly acquired SOL will be staked immediately to provide security for the Solana network while earning native rewards. The transaction is part of the company's recently completed $42 million financing plan. According to the funding reserve policy approved by the board on April 4, the company plans to accumulate crypto assets in the long term and operate one or more Solana validator nodes to achieve asset staking and network security contributions.

Binance Alpha to List DOLO and Airdrop 260 Tokens to Eligible Users

According to official news, Binance Alpha announced it will list Dolomite (DOLO), with trading expected to begin on April 24, Beijing time, with the exact time to be determined. To celebrate the listing, eligible Binance Exchange users will receive an airdrop of 260 DOLO tokens in their Alpha accounts 10 minutes after trading starts. Eligible users must have maintained an average daily asset value of no less than $50 in Binance Exchange and Wallet from April 15, 2025, 00:00 to April 21, 23:59 (UTC), and have purchased Alpha totaling no less than $100 on Binance Exchange.

Hyperlane: HYPER Airdrop Now Open for Claiming

The Hyperlane Foundation stated on social media that the HYPER airdrop is now open for eligible users who completed registration during the pre-claim phase. The claiming period is from April 22, 20:00 to May 22, 21:00, Beijing time.

Fartcoin Market Cap Surpasses BONK, Up 16.5% in 24 Hours, Exceeding $1 Billion

According to HTX data, Fartcoin's market cap has surpassed Bonk. Currently, Fartcoin's market cap is $1.01 billion, up 16.5% in the last 24 hours, while BONK's market cap is approximately $986 million.

Metaplanet CEO: Aiming to Hold 10,000 Bitcoins by Year-End

MetaPlanet CEO Simon Gerovich announced today that the company has become the largest publicly listed Bitcoin holder in Asia and ranks tenth globally. The company's Bitcoin holdings have reached 4,855 BTC, with a target of 10,000 BTC by the end of the year.

JD Group Vice President: JD Stablecoin Enters Hong Kong "Sandbox" Testing

According to reports from NBD, Dr. Shen Jianguang, Vice President and Chief Economist of JD Group, stated in an exclusive interview with NBD in Hong Kong that JD has entered the "sandbox" testing phase for stablecoin issuance in Hong Kong. The formulation of stablecoin-related legislation in Hong Kong is still underway, with no clear provisions yet. It is expected that once the Hong Kong "Stablecoin Ordinance" is approved, the Hong Kong Monetary Authority can officially release the detailed implementation rules for stablecoins.