WuBlockchain Weekly: Trump Launched a Tariff War, Demanded the Establishment of a Sovereign Wealth Fund, WLFI Plans to Establish a Strategic Reserve of Tokens, etc
1. Trump Ordered the Imposition of Tariffs, Causing the Cryptocurrency Market to Plunge Amid Risk Aversion link On Monday, Trump signed an order to impose a 25% tariff on imports from Mexico and Canada, and a 10% tariff on imports from China. The order was set to take effect on Tuesday. The cryptocurrency market showed a risk-averse trend and dropped significantly, with BTC recently falling 8% to $92,798.34. Jeff Park, the head of alpha strategy at Bitwise, said that due to the eventual weakening of the US dollar and US interest rates, the ongoing tariff war would be “amazing” for Bitcoin in the long run. On Monday, Ben Zhou, the CEO of Bybit, tweeted, “The real total liquidation amount in the cryptocurrency market today is far more than $2 billion. According to my estimate, it should be at least between $8 billion and $10 billion. The liquidation amount of Bybit in 24 hours alone reached $2.1 billion. The 24-hour liquidation amount of Bybit recorded on Coinglass is about $333 million,...