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Foreign Ministry Spokesperson: If the US continues to play the tariff digital game, China will ignore it

A spokesperson for the Foreign Ministry answered reporters' questions about the US saying China is currently facing tariffs up to 245%. Q: On April 15, Eastern Time, the White House website released a list of facts about the "232" investigation, saying that due to China's counter-treatment of tariffs against the United States, China currently faces a tariff of up to 245%. What is China’s comment on this? A: We have noticed the relevant reports. As for how the 245% figure comes from, you should ask the US side. China has previously emphasized that the US has repeatedly imposed abnormally high tariffs on China, which has become a digital game and has no practical significance in economic terms. It will only expose the US's trick of instrumentalizing and weaponizing tariffs and bullying and coercing. There are no winners in tariff wars and trade wars. China is unwilling to fight, but it is not afraid of fighting. If the US continues to play the tariff digital game, C

Foreign Ministry Spokesperson: If the US continues to play the tariff digital game, China will ignore it feature image

Foreign Ministry Spokesperson: If the US continues to play the tariff digital game, China will ignore it

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Some market makers make profits through token lending, which may "kill" small crypto projects

Some market makers are turning token loans into a profitable machine and putting small crypto projects into a spiral of death. It is reported that a market maker model called the "loan option model" will allow the project to lend to market maker tokens, and the market maker will use these tokens to provide liquidity, stabilize prices, and assist the project in launching a crypto trading platform. However, in the behind-the-scenes operation, some market makers are using this controversial token loan structure to make profits for themselves. These agreements are often packaged as "low risk, high returns", but in fact they will seriously hit the token price, putting the fledgling crypto team in chaos and struggle.

Some market makers make profits through token lending, which may "kill" small crypto projects feature image

Some market makers make profits through token lending, which may "kill" small crypto projects

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2h

US SEC will hold its third roundtable for crypto policy on April 25 to focus on hosting issues

The Securities and Exchange Commission (SEC) released details of its third roundtable for cryptocurrency policy, with the April 25 meeting focusing on custody issues, with two panel discussions – one on brokerage proprietors and wallet custody, and another on investment advisors and investment firm custody. Members of the brokerage proprietor group include: Jason Allegrante of Fireblocks, Rachel Anderika of Anchorage Digital, Terrence Dempsey of Fidelity Investment, Mark Greenberg of crypto exchange Kraken, Veronica McGregor of Exodus, Brandon Russell of Etana Custody, Tammy Weinrib of Copper.co.

US SEC will hold its third roundtable for crypto policy on April 25 to focus on hosting issues feature image

US SEC will hold its third roundtable for crypto policy on April 25 to focus on hosting issues