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Although the market generally believes that Trump's tariff remarks have disturbed sentiment in the crypto market, the sudden plunge in altcoins was far greater than expected. What exactly triggered this unexpected collective drop in altcoins?
Analysts say XRP’s downturn reflects profit-taking and fading bullish momentum, though potential ETF approvals could restore investor confidence.
Over 1.63 million people were liquidated in the market, and market sentiment shifted overnight from greed to fear.
Tariffs have reignited the US-China trade war, causing trillions in stock market value to evaporate and shaking global markets.
Some stayed up all night, some saw their portfolio go to zero overnight; once again, the crypto world staged a "doomsday reboot" amidst the storm.
- 18:29OpenAI, Anthropic, and Block jointly establish AAIF under the Linux FoundationJinse Finance reported that OpenAI announced the joint establishment of AAIF with Anthropic and Block under the Linux Foundation, with support from Google, Microsoft, AWS, Bloomberg, and Cloudflare. AAIF aims to provide neutral management services for open and interoperable infrastructure.
- 18:04Hassett: The Federal Reserve has ample room for significant rate cutsJinse Finance reported that Kevin Hassett, a leading candidate for the next Federal Reserve Chair and Director of the White House National Economic Council, stated on Tuesday that he believes the Federal Reserve has "ample room" for significant rate cuts. When asked whether he would push for the "substantial rate cuts" that Trump desires if appointed, he responded, "If the data shows we can do it—like right now—I think there is absolutely room to do so." When further pressed on whether this meant a rate cut of more than 25 basis points, he answered clearly, "That's right." Trump, in an interview with Politico on Tuesday, said that rapid rate cuts would be a "litmus test" for his choice of Federal Reserve Chair. When asked whether, if appointed Chair, his loyalty would be to Trump or to independent economic judgment, Hassett said, "I would stick to my own judgment, and I believe the President trusts my judgment as well."
- 17:30Data: 13.4366 million ASTER were withdrawn from a certain exchange, valued at approximately $13.04 million.According to ChainCatcher, Arkham data shows that at 01:20, 13.4366 million ASTER (worth approximately $13.04 million) were transferred from an exchange to an anonymous address (starting with 0xFB3B...).