BlockBeats News, April 7th: President Trump signed an executive order on so-called "tariffs in kind" at the White House, announcing that the United States will impose a 10% "minimum benchmark tariff" on its trading partners, and will levy a personalized higher "tariff in kind" on countries with the largest trade deficit with the United States.

All three major stock indexes fell by more than 5.5%, marking their largest single-day decline since 2000. The Dow plummeted over 2000 points and entered a correction zone, while the Nasdaq fell into a bear market. In response to Trump's tariffs, many countries have already implemented or announced retaliatory measures. Trump's tariff policy has made investors worried about a U.S. economic recession. The total market capitalization of the S&P 500 evaporated by about $5.4 trillion in the past two days. Mainstream coins collectively experienced a "dive," with Bitcoin staging a "rollercoaster" drop from the high of $88,000, breaking below the key $80,000 mark on Sunday. Meanwhile, the cryptocurrency market's liquidation volume has shown explosive growth, with a total daily liquidation amount reaching $590 million, as a storm is raging in the cryptocurrency field.

As the world's first multi-asset trading wallet, BiyaPay has now connected fiat and cryptocurrency instant exchanges, allowing participation in the U.S./Hong Kong stock markets with USDT, spot/contract Maker with zero fees, B2C compliant withdrawal channels, secure unfrozen withdrawals, effectively avoiding the fund freeze risks in traditional OTC/C2C transactions.