Important information last night and this morning (April 6-April 7)
Reprinted from panewslab
04/07/2025·23D
Nikkei 225 index decline widens to 8.4%
The Nikkei 225 index fell to 8.4%. After the KOSPI 200 index futures fell by 5%, the Korean Exchange launched KOSPI's sidecar suspension mechanism and suspended programmatic trading for 5 minutes.
67,500 ETH giant whale position liquidation triggers a chain decline
According to Ember Monitoring, a giant whale's mortgage lending positions totaling 67,500 ETH (about $105 million) were completely liquidated when ETH fell to $1,650. Although it added 2,160 ETH at 1 a.m. to reduce liquidation risks, ETH continued to decline and eventually triggered liquidation at 6 a.m. to repay its $74.4 million DAI loan.
According to Eleanor Terrett, White House officials revealed that federal agencies need to report their cryptocurrency holdings to Treasury Secretary Scott Bessent before tomorrow (April 7 Eastern Time). However, the executive order only requires the report to be submitted to Bessent and does not force the disclosure of the audit results. It is not clear whether or when this information will be made public.
Nasdaq futures fell by more than 5.5%, while S&P 500 futures fell by more than 4.7%.
At the opening of Monday, the Nasdaq futures fell by more than 5.5% at the beginning of the session, the S&P 500 futures fell by more than 4.7%, the Dow futures fell by more than 4%, and WTI crude oil fell by 4%. Spot silver fell by more than 2%. Non-US currencies fell, with the yen rising by more than 1% due to risk aversion.
BTC fell below $78,000, down 5.60% intraday
According to the Ouyi OKX market, BTC has just fallen below $78,000 and is now at $77,924.00 per coin, down 5.60% during the day.
ETH fell below $1,600, down 9.45% intraday
According to the Ouyi OKX market, ETH has just fallen below $1,600 and is now at $1,593.24 per coin, down 9.45% during the day.
U.S. Commerce Secretary Lutnik: Tariffs will take effect on April 9 and will not be delayed
According to King Shih, U.S. Commerce Secretary Lutnik said that the tariffs (effect time) will not be delayed, and the tariffs will take effect on April 9, and the tariffs will continue to be implemented in the next few days and weeks. In addition, U.S. Treasury Secretary Bescent believes there is "no reason" to expect Trump's tariffs to cause an economic recession, and Bescent downplayed the stock market decline, calling it a "short-term" reaction.
According to on-chain analyst Ember Monitor, a whale address transferred 4 million FORM ($8.36 million) to Binance in the past 30 minutes, causing FORM to fall 4% ($2.09→$2). This address was raised from Binance by 9.385 million FORM (US$18.5 million) half a month ago (3/19-3/25), with an average price of US$1.97. He still holds 5.385 million FORM (US$10.77 million).
A whale transfers 778.5 BTC to Binance, worth $64.33 million
According to on-chain analyst Ember Monitor, a whale transferred 778.5 BTC ($64.33 million) to Binance 20 minutes ago, and he lost $2.53 million on BTC. ◎He proposed 978 BTC ($84.06 million) from Binance a month ago (2/27) for $85,910. ◎ 3/24 sold 200 BTC, and the remaining 778.5 were transferred to Binance just now, with an average transfer price of US$83,321. The combined loss was $2.53 million.
Token Unlocks data shows that tokens such as CHEEL, APT, SAGA will be unlocked in large amounts next week, including: Cheelee (CHEEL) will unlock about 20.81 million tokens at 8 am on April 13, worth about US$161 million; Aptos (APT) will unlock about 11.31 million tokens at 4 pm on April 12, Beijing time, with a ratio of 1.87% tokens to current circulation and a value of about US$53.7 million; Saga (SAGA) will unlock about 133 million tokens at 4 pm on April 9, with a ratio of 118.54% to current circulation and a value of about US$35.1 million; Axie Infinity (AXS) will unlock about 9.09 million tokens at 9:10 pm Beijing time on April 12, with a ratio of 5.68% to current circulation and a value of about US$24.5 million; Movement (MOVE) will unlock about 50 million tokens at 8:00 pm Beijing time on April 9, with a ratio of 2.04% to current circulation and a value of about US$18.5 million; Tensor (TNSR) will unlock about 120 million tokens at 11:00 pm Beijing time on April 8, with a ratio of 35.86% to current circulation and a value of about US$15.1 million; Neon (NEON) will unlock about 53.91 million tokens at 8:00 AM Beijing time on April 7, with a ratio of 22.51% to current circulation and a value of about US$6.1 million.
Analyst: 91,900 BTCs were withdrawn from the exchange in the past month
Crypto analyst Ali Martinez posted on the X platform that 91,900 BTCs have been withdrawn from the exchange in the past month.
A whale unstaked 202,604 SOLs and deposited them into Binance 2 hours ago
According to Lookonchain monitoring, a whale unstaked 202,604 SOLs and deposited them into Binance 2 hours ago, worth $24.3 million. The whale withdrew 201,755 SOLs (worth $25 million) from Binance on March 13, and is currently losing about $678,000.
A wallet that had been dormant for 8 years transferred 11,104 ETH, worth $19.97 million
According to OnChain Lens monitoring, a wallet that had been dormant for 8 years transferred 11,104 ETH, worth $19.97 million, of which 247.93 ETH were sent to the cryptocurrency exchange Coinbase, and 10,856 ETH were sent to a new wallet.
Mechanism Capital Partner: ETH returns to $1,000-$1,500 this year, seems likely
Mechanism Capital partner Andrew Kang posted on the X platform that he has not paid close attention to cryptocurrencies in the past few months, but it seems likely that ETH will return to $1,000-$1,500 this year. With the obvious past speculation, it is ridiculous for an asset with negative growth/profits to reach $215 billion, and the bear market argument is valid.
ZachXBT: Coinbase twice locked in account for no reason in the past month
ZachXBT posted on X platform: "In the past month, Coinb has locked my account twice for no reason (and again today), Coinbase's customer data has been leaked, but it has not been transparently disclosed (caused theft), so it will not recommend Coinbase as an exchange to anyone (even if Coinbase offers a good APR).
A whale has redeemed 17.66 million USDes from Ethena in the past 21 hours
According to @ai_9684xtpa monitoring, the leader of the "Whale Hunting Team" KOL @Cbb0fe has redeemed 17.66 million USDes from Ethena in the past 21 hours, and exchanged 12 million of them back to USDT. He has earned a total of 94.16 million points in Season3, accounting for 7% of the total points pool.
According to @ai_9684xtpa monitoring, the two smart money addresses that hoarded $8.09 million in LAYER during the period of 03.01 - 03.03, both made a cumulative profit of $3.18 million due to low buying and high selling after two weeks of holding positions (costs of $0.7856 and $0.9559 respectively), but they also missed the follow-up profit of $2.39 million. These two addresses may belong to the same giant whale/institution in terms of operation methods and time.
Sentiment has deteriorated sharply after Trump announced his tariff proposal, which has exacerbated concerns about global growth expectations and caused U.S. stocks to plummet. On Friday, the market value of the S&P 500 evaporated by $1.5 trillion again, with cumulative losses of $3.5 trillion in two trading days. Large tech stocks fell, and the Nasdaq closed down more than 20% from its record high in December last year, entering a technical bear market. Looking ahead to next week, the tariff outlook is far unclear. Investors still need to focus on possible agreements between the United States and other countries, which will help improve market sentiment. If no agreement is reached and it triggers tariff responses from more countries, the market may have another painful week. Here are the key points that the market will focus on in the new week: On Wednesday 02:00, San Francisco Fed Chairman Daley attended a dialogue event called "Feder Economic Outlook and Work" at 23:00 on Wednesday, Richmond Fed Chairman Barkin delivered a speech on Wednesday 21:30 on Wednesday, Dallas Fed Chairman Logan delivered a welcome speech at an event Thursday 02:00 on Thursday, the Federal Reserve released minutes of the March monetary policy meeting Thursday 20:30 on Thursday, the U.S. March CPI data, the number of initial unemployment claims in the week from April 5 on Friday, Chicago Fed Chairman Goulsby delivered a speech at the New York Economic Club on Friday 00:30 on Friday, Philadelphia Fed Chairman Huck made a speech on Fintech at 20:30 on Friday, the U.S. March PPI data on 22:00 on Friday, St. Louis Fed Chairman Mousalem made a speech on U.S. economy and monetary policy on Friday 22:00 on Friday, The initial value of the expected inflation rate in the United States in April and the initial value of the University of Michigan Consumer Confidence Index in April was 23:00 on Friday. New York Fed Chairman Williams made a speech on the economic outlook and monetary policy. Considering all the uncertainties at present, dollar traders will pay attention to the US March CPI data scheduled to be released next Thursday. Tariffs not only pose a threat to economic activities, but also pose an upward risk to inflation. If CPI data accelerates further, this may prompt traders to reduce some of their rate cut bets. In addition to CPI data, PPI data and inflation expectations may also become key market drivers.
