NiftyNoon: The Tariff Dumps Don’t Stop: Can Anything Save the Market? 🇺🇸🥊📉
With US equities consistently showing weakness endlessly dumping day after day, more investors are growing concerned over how long Donald Trump’s trade war could last (April 9, 2025)
Nifty Thought:
With US equities consistently showing weakness endlessly dumping day after day, more investors are growing concerned over how long Donald Trump’s trade war could last. It is clear at this point there are not many outs to the current situation the United States has found itself in. With negotiations in China not going to plan, it is difficult to see how these trade tensions get resolved amicably and quickly. It is the opinion of the NiftyNoon team that this is a time to be focused on limiting downside with hedged positions (such as hedging a spot long BTC position with a short ETH position). However, in the long run, prices of good assets (such as BTC and US equities broadly) should still recover.
Highlighted News:
📉 We just witnessed the biggest bull trap of 2025 with the S&P 500 erasing a ~4.5% rally in ~3 hours:
https://x.com/kobeissiletter/status/1909692303746228706?s=46
📉Over $1.5 trillion wiped out from the US stock market today:
https://x.com/WatcherGuru/status/1909699627152028008
Project and Community News:
The S&P 500 has posted its biggest intraday reversal in history, closes down sharply: https://x.com/spectatorindex/status/1909699725584142846?s=42
US President Trump says "China wants to make a deal, badly, but they don't know how to get it started": https://x.com/BRICSinfo/status/1909602994674376947
Trump signed order to increase China tariffs 50%: https://x.com/DBNewswire/status/1909758228663087309
Standard Charter is back to making super-bullish crypto-related predictions, says XRP will hit $5.50 by EOY and $12.50 in 3yrs: https://x.com/ericbalchunas/status/1909586238908031039?s=46
Cathie Wood's Ark Invest buys $13.3 million worth of Coinbase shares amid market meltdown: https://x.com/TheBlock__/status/1909467250093932980
Saylor bought 528,185 $BTC for $35.63 Billion USD with his average price at $67,458. We are 13% away from Saylor’s average price: https://x.com/arkham/status/1909656241648845134?s=19
World's largest asset manager BlackRock says it's increasingly cautious about US stocks: https://x.com/WatcherGuru/status/1909614639530262867
SEC to host former legal rivals Coinbase, Cumberland DRW and Uniswap Labs at crypto roundtable: https://x.com/TheBlock__/status/1909532815604973853
Has Trump's World Liberty(@worldlibertyfi) started selling $ETH at a loss? https://x.com/lookonchain/status/1909782070618210423
James Murphy is legally challenging the U.S. Department of Homeland Security to expose their suspected identity of Bitcoin’s mysterious creator, Satoshi Nakamoto: https://x.com/pushpendrakum/status/1909546997507670327
The Chainlink standard for cross-chain interoperability is officially live on
@hedera mainnet: https://x.com/chainlink/status/1909579838324613365
Canary just filed for a $SUI ETF with the CBOE: https://x.com/SuiCorner/status/1909608214586409016
Today, Ripple announced it is acquiring Hidden Road for $1.25B: https://x.com/Ripple/status/1909577621291385093
Confidential Balances Token Extensions just landed on Solana: https://x.com/solana_devs/status/1909633523717448179?s=46
$DOG, the Bitcoin Rune, has successfully been bridged from Solana to Cardano: https://x.com/fluidtokens/status/1909639808021934366?s=46
@SatsTerminal announce that they have raised $1.7M: https://x.com/satsterminal/status/1909542867682705695?s=46
Doodles Field Guide v.01: https://x.com/doodles/status/1909348358323683738?s=46
MEXC System Upgrade Maintenance Notice: https://x.com/MEXC_Official/status/1909520813805781051
NAT (TAP protocol) token rewards are now automatically deposited in Bitcoin miner wallets as an additional block reward for creating new blocks: https://x.com/ordinalswallet/status/1909257320007086582?s=46
Kaito’s InfoFi Vision: https://x.com/punk9277/status/1909601260690633156?s=46
New features now live on ODIN•FUN: https://x.com/bobbodily/status/1909400676305953150?s=46
@okx is listing $WCT: https://x.com/walletconnect/status/1909616326512882154?s=46
ZKcandy Mainnet is LIVE: https://x.com/ZKcandyHQ/status/1909604557933715648
ZetaChain is now live in @binance’s Vote to List batch 2: https://x.com/CryptolandOffi1/status/1909567831093420486
Introducing RedStone Bolt - The fastest blockchain oracle: https://x.com/redstone_defi/status/1909602515408371719
Trump has directed the Department of Justice to stop pursuing crypto fraud, dismantling the National Cryptocurrency Enforcement Team and ordering the Market Integrity and Major Frauds Unit to cease cryptocurrency enforcement: https://x.com/molly0xFFF/status/1909623512454647896
Quick Stats:
👾 Blur ETH Daily Volume: 884 ETH (▼ 31.29%)
🌊 OpenSea ETH Daily Volume: 1,023 ETH (▼ 22.61%)
🟠 BTC : $76,088.55 (▼ 4.52%)
🔷 ETH: $1,442.71 (▼ 8.28%)
🟣 Solana: $102.58 (▼ 6.90%)
🟪 Polygon: $0.17 (▼ 5.32%)
Top NFT Sales:
CryptoPunks #1182: 142.00 ETH
CryptoPunks #7158: 54.75 ETH
CryptoPunks #704: 49.00 ETH
NFT Daily Winners:
🚬 CryptoPunks: 42.50 ETH (▲ 2.78%)
🦧 Bored Ape Yacht Club: 13.99 ETH (▲ 0.85%)
🐧 Pudgy Penguins: 8.93 ETH (▲ 0.32%)
🏳🌈 Chromie Squiggles: 4.35 ETH (► 0.00%)
NFT Daily Losers:
⛩ Azuki: 2.45 ETH (▼ 0.10%)
👩🏻 Milady Maker: 3.08 ETH (▼ 0.62%)
👾 Tensorians: 2.65 SOL (▼ 0.93%)
🐱 Quantum Cats: 0.04 BTC (▼ 1.83%)
🏴☠ Captainz: 0.62 ETH (▼ 2.48%)
😡 Mad Lads: 46.00 SOL (▼ 5.15%)
💼 Ordinal Maxi Biz: 0.02 BTC (▼ 5.43%)
🍭 Mocaverse: 1.89 ETH (▼ 5.55%)
🧦 Bitcoin Puppets: 0.03 BTC (▼ 8.85%)
🐵 NodeMonkes: 0.03 BTC (▼ 9.88%)
Notes:
If you find quick daily crypto updates helpful, please feel free to subscribe:
The content on this site is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Managed by @AxuETH, @Miinted, @drethernik, @SpeedyGonzale87 and @SSPxLEO