Crypto News Today : China Tariff, Trump News, Bitcoin Price,XRP ETF News And More

China has announced an additional 84% tariff on American imports, escalating ongoing trade tensions between the two countries. This steep hike is expected to impact a wide range of U.S. products and could spark retaliation or further negotiations. The move comes as part of China’s broader strategy to respond to U.S. trade measures. Businesses and analysts alike are closely watching how this will affect global supply chains and future U.S.-China economic relations.

On April 8, 2025, New York Assemblymember Clyde Vanel introduced a bill to study the use of blockchain technology to protect voter records and election results. The state board of elections, with expert support, will evaluate blockchain’s potential for enhancing election integrity and cybersecurity. A report will be submitted within a year. The move reflects growing interest in leveraging decentralized, immutable ledgers to modernize and secure democratic processes across the state.

Mastercard has partnered with crypto exchange Kraken to allow users to spend cryptocurrencies at over 150 million merchants globally. The initiative will begin in the UK and Europe, with physical and digital debit cards launching soon. This move strengthens Kraken’s mission to integrate digital assets with traditional finance, offering secure, convenient crypto payments. Kraken Co-CEO David Ripley and Mastercard’s Scott Abrahams praised the partnership’s role in making crypto a viable option for everyday transactions through trusted global infrastructure.

NBA legend Shaquille O’Neal will pay $11 million to settle a class-action lawsuit over his promotion of the Solana-based Astrals NFT project. A Florida judge approved the settlement, which includes $2.9 million in legal fees. Investors who bought Astrals NFTs or GLXY tokens between May 2022 and January 2024 are eligible. The lawsuit claimed O’Neal endorsed unregistered securities. The case highlights growing scrutiny of celebrity-backed NFTs amid a broader market downturn and regulatory pressure.

Ukraine’s securities regulator has unveiled draft tax guidelines for virtual assets, proposing up to 23% tax on crypto gains, with some preferential rates. Basic crypto activities like mining and staking are VAT-exempt, while rewards, token modifications, and crypto payments may be taxed. The framework, modeled on international practices, aims to boost revenue and support defense funding. Authorities plan to consult market participants as Ukraine formalizes its digital asset taxation amid war-driven financial pressures.

China’s central bank has instructed major state-owned banks to limit U.S. dollar purchases and support the yuan to prevent sharp declines. This move comes amid mounting pressure from new U.S. tariffs and fears of further currency depreciation. The People’s Bank of China urged tighter checks on dollar transactions and active intervention in currency markets. While a modest yuan drop may help exports, officials warned that a steep fall could hurt market confidence and trigger capital outflows.

President Trump is prioritizing cryptocurrency, with plans to make the U.S. the world’s leading crypto hub. Bo Hines, head of the President’s Council on Digital Assets, revealed efforts to roll back Biden-era regulations and foster innovation. A new interagency group is crafting a clear regulatory framework, with the STABLE Act poised to transform stablecoin use. The administration also plans a national digital asset stockpile, signaling a bold, pro-crypto direction for U.S. financial innovation.

Binance has announced that it will delist six trading pairs on April 11, 2025, at 03:00 UTC. The affected pairs are ACT/BRL, ALPHA/BTC, BLUR/BTC, CELR/BTC, PENGU/BNB, and POND/BTC. This move is part of Binance’s regular review process to maintain a high-quality trading environment. While the tokens themselves will remain tradable with other pairs, users are advised to update their strategies accordingly before the deadline.

In an SEC 8-K filing, Strategy revealed it may need to sell Bitcoin to meet debt obligations, risking a break from its long-held “never sell” policy. The firm holds 528,185 BTC at an average cost of $67,458, now facing a $4.6B unrealized loss. Acquisitions accelerated post-Trump’s 2024 win, but declining prices and limited financing options may force liquidation, raising concerns over long-term crypto investment strategies.

China has issued a firm response to the latest U.S. tariffs, asserting it will not back down in the face of intimidation or economic pressure. The Chinese Foreign Ministry emphasized the nation’s right to development and warned against any attempts to harm its sovereignty and interests. Criticizing the U.S. for not engaging in genuine dialogue, China stated that fair treatment, respect, and mutual benefit are key to cooperation. If provoked further, China vowed to respond resolutely in the ongoing trade dispute.

The U.S. has announced sweeping new tariffs impacting nearly every country, with China facing the steepest at 104%. Other major countries affected include India (26%), South Korea (25%), Japan (24%), and members of the European Union (20%). Southeast Asian nations like Vietnam (46%), Thailand (36%), and Indonesia (32%) are also hit hard. Tariffs for most countries, including Brazil, Australia, the UK, and Saudi Arabia, are set at 10%. The move marks a significant shift in U.S. trade policy.

​On April 8, Bitcoin spot ETFs experienced a net outflow of $224 million, ending a four-day streak of inflows totaling $570 million. Grayscale’s GBTC led the outflows with $303 million, while Bitwise’s BITB saw the largest inflow at $40.3 million. BlackRock’s IBIT and Fidelity’s FBTC had modest inflows of $21.3 million and $6.3 million, respectively. There is no available data regarding Ethereum spot ETF flows for April 8. ​

​On April 9, 2025, the Dow Jones Industrial Average (DJIA) experienced significant volatility amid escalating trade tensions. The index opened at 38,827.10, reached a high of 39,426.60, but declined to a low of 38,366.95, closing at 37,645.59—a drop of 320 points (0.84%) from the previous day. This downturn followed President Trump’s announcement of a 104% tariff on Chinese imports, intensifying fears of a global trade war. Investors responded by shifting away from equities, leading to declines across major indices.​

​On April 9, 2025, Asian stock markets experienced significant declines as the U.S. prepared to implement a 104% tariff on Chinese imports, intensifying trade tensions. Japan’s Nikkei 225 initially dropped nearly 4%, while markets in South Korea, New Zealand, and Australia also saw substantial losses. This followed a turbulent session on Wall Street, where the S&P 500 fell 1.6%, bringing it nearly 19% below its February peak. The Dow Jones Industrial Average declined 0.8%, and the Nasdaq Composite lost 2.1%. Investors remain uncertain about President Donald Trump’s trade policies, leading to increased market volatility.​

​On April 9, 2025, China’s CSI 300 Index declined by 1.2%, the Shanghai Composite Index decreased by 1.1%, and Hong Kong’s Hang Seng Index dropped 3.1% as the U.S. prepared to implement 104% tariffs on Chinese imports. This development intensified the ongoing trade conflict between the two nations, leading to increased market volatility. Investors expressed concern that these tariffs could further strain global economic conditions, prompting a shift away from riskier assets. The heightened trade tensions have contributed to significant fluctuations in global financial markets.

​On April 9, 2025, Japan’s Nikkei 225 index dropped over 3% to 32,010.93, mirroring Wall Street’s decline amid escalating U.S.-China trade tensions. The broader Topix index also fell 3% to 2,360.32. Technology stocks were notably impacted; Advantest declined by 9%, Tokyo Electron by 4.85%, and SoftBank Group by 5.96%. Investors are increasingly concerned that the impending 104% U.S. tariffs on Chinese imports could slow global economic growth.

Bitcoin dropped sharply below $75,000, losing 6% in a day as Asian and global stock markets fell due to new U.S. tariffs on Chinese imports. Japan’s Nikkei 225, Australia, South Korea, and others saw big losses. The S&P 500 and Nasdaq also dropped. The crypto market saw $400 million in liquidations, mostly from long positions. Bitcoin’s long-short ratio flipped, showing bearish sentiment. Investors are pulling out of risky assets, fearing more market turmoil as U.S.-China trade tensions rise.