On April 7, 2025, the US 10-year Treasury yield fell about 10 basis points to 3.904% at the beginning of the session. The three major A-share stock indexes continued to fall, with the ChiNext Index falling 10%, the Shenzhen Component Index falling 8.3%, and the Shanghai Composite Index falling 6.6%, with more than 860 stocks in the market falling to the limit. European stock index futures extended last week’s losses, with Euro Stoxx 50 futures down 4.3%, Germany’s DAX futures down 5.0%, and Britain’s FTSE 100 futures down 4.1%. The Nikkei 225 and Australia’s S&P/ASX 200 extended their losses, falling 6% on the day, while Nikkei 225 and Topix futures halted trading after sharp declines. Spot gold fell below $3,000 an ounce for the first time since March 21, down 1.28% on the day. Major stock indexes in the Gulf region fell more than 5.5%, their biggest drop since 2020. Saudi Aramco’s share price plunged 6.2%, wiping out more than $90 billion from its market value. Click here to read
In 2025, 40-year-old Arthur Hayes was pardoned; Trump does pay for results. Think about how many memes CZ would have to create to earn back the 4.2 billion dollars he was fined.
This is different from Trump’s idol Reagan. As a staunch fighter for capitalism and a banner bearer of neoliberalism, Reagan had grander dreams; he laid the ideological foundation for defeating the Soviet Union, albeit at the cost of deindustrializing America and the West. Click to read.
At 4 a.m., when Trump confidently presented the new tariff list, the world was caught off guard. I’m sure everyone witnessed what happened last night. Trump once again wielded the big stick of tariffs, aiming to reverse the long-standing trade imbalance. This tariff strategy may reshape the U.S. trade structure and capital flows in the short term, but it also hides a new shock to the U.S. Treasury market, with the core being that the tariff policy may lead to a decrease in foreign demand for U.S. Treasuries, and the Federal Reserve may need more monetary easing policies to maintain the operation of the Treasury market. Click to read.
Once, the ETH mainnet was a gold mine for airdrops, but by 2025, the route of the big players has quietly shifted—Base, BNB, Sui, Berachain have become synonymous with new territories. We have dissected the logic behind this trend and attempted to answer one question: Where should airdrop players go? Click to read.
The current global economy and monetary system is a creation of American-style globalization. After breaking free from the constraints of gold, American-style globalization operates on three key mechanisms: the US dollar as the sole dominant currency, and American demand as the source of global economic growth. In short, the US produces currency while non-US entities accumulate currency; the US exports demand while non-US entities provide supply. This creates a massive flow of bilateral trade. Click to read.