);)
The cryptocurrency market fell again on the 4th after President Trump warned of high tariffs on imported agricultural products in the United States. On the 4th, President Trump posted on his social media platform 'Truth Social' that "Great American farmers should prepare to produce a lot of agricultural products to be sold in the United States" and that "the tariffs will be applied from April 2nd." After President Trump mentioned the expansion of the tariff war, the cryptocurrency market, which had surged on the 3rd, plunged again on the 4th. On the 4th, Bitcoin fell about 8%, and many , , , and fell about 14%, 17%, 19%, and 21%, respectively.
2. Cryptocurrency Analyst "The 'Trump Rally' Will Lead to a Rapid Decline Following the Surge"
A cryptocurrency analyst pointed out on the 3rd that the surge in the cryptocurrency market was an emotional surge due to President Trump's remarks, and predicted that the cryptocurrency market will soon plummet. He explained that the surge in the cryptocurrency market on the 3rd is very similar to the surge in the cryptocurrency market in 2019 due to remarks by President Xi Jinping, and that such a surge in the cryptocurrency market lacks clear evidence to sustain the upward trend and has a precedent of a rapid decline.
3. SEC Withdraws Lawsuit Against Kraken... "Political Motive Attack is Over"
The U.S. Securities and Exchange Commission (SEC) withdrew its lawsuit against the cryptocurrency exchange Kraken on the 3rd, about 1 year and 3 months later. Kraken announced on the 3rd through an official statement that the SEC had withdrawn its securities law violation charges against Kraken. Kraken pointed out that with the inauguration of the new administration, the SEC has begun to end the prosecutions it had started for political motives in the past.
4. White Hacker "Bybit Hack Due to Wallet Bug"
Marwan Hakeem, a white hacker who investigated the Bybit hacking incident, the largest hacking incident in history, explained in an interview with the cryptocurrency media Cointelegraph on the 3rd that the Bybit hacking incident was due to a bug in Bybit's multi-signature wallet.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
