Wu Says Daily Selected Crypto News + This Week's Macro Indicators

1. Yuchi Wang Chun will conduct a four-day space orbital flight

SpaceX plans to launch the Fram2 mission on April 1, 2025, which will be the first human orbital mission flying over the Earth's poles. The mission is sponsored by Wang Chun, co-founder of Yuchi, and is expected to last four days. During the four days of orbital flight, astronauts plan to conduct 22 experiments covering multiple areas of health and scientific research. Fram2 will also conduct the first X-ray examination of the human body in space, providing valuable data for space medicine research. The Falcon 9 rocket's first stage performing the Fram2 mission will be on its sixth flight. The cost paid by Wang Chun for this space flight has not yet been disclosed.

2. This week's large token unlocks

In the next 7 days, there will be single large unlocks (amounting to more than $5 million) for SUI, W, ENA, OP, BIGTIME, ZETA, KAS, NEON, DYDX, etc. Additionally, there will be linear large unlocks (daily unlock amounts exceeding $1 million) for SOL, WLD, TIA, DOGE, OM, TAO, AVAX, SUI, JTO, NEAR, DOT, IP, FIL, etc. The total unlock value exceeds $642 million.

3. WSJ: Trump wants to prioritize tariffs on America's largest trading partners

Officials from the Trump administration remain uncertain about how to handle the tariff issue this week. In recent days, advisors have been considering using IEEPA to impose global tariffs of up to 20%, which would affect nearly all of America's trading partners. Regardless of the final plan, the president hopes for a policy that is "big and simple." This could mean that the final actions will be broader than earlier plans, prioritizing tariffs on America's largest trading partners, which account for about 15% of global countries.

4. Goldman Sachs expects the Federal Reserve to cut rates three times in the second half of the year

According to Wall Street Journal reporter Nick Timiraos, Goldman Sachs currently expects the core personal consumption expenditure (PCE) growth rate to rise to 3.5% this year, up from a previous forecast of 3.0%. Meanwhile, Goldman Sachs expects the Federal Reserve to cut rates three times in the second half of this year to respond to the impacts on economic growth and employment.

5. Eric Trump and Hut 8 Mining announce the joint establishment of a new Bitcoin mining company, American Bitcoin

Eric Trump, the second son of former President Trump, and mining company Hut 8 Mining announced the joint establishment of a new Bitcoin mining company, American Bitcoin. Hut 8 will inject most of its ASIC mining machines into American Data Centers, which Eric Trump and Donald Trump Jr. are investing in. After the transaction is completed, it will be renamed American Bitcoin, with Hut 8 holding an 80% stake. The new company plans to increase its hash rate to over 50 EH/s with an average energy efficiency of less than 15 J/TH and seeks to go public independently in the future. Hut 8 will provide long-term services as its exclusive infrastructure and operational partner.

6. STRATEGY increases its holdings of 22,048 Bitcoins

STRATEGY purchased 22,048 Bitcoins for $1.92 billion between March 24 and March 30, at an average price of $86,969. As of March 30, 2025, STRATEGY holds 528,185 $BTC at an average price of $67,458, with an acquisition cost of approximately $35.63 billion.

7. Wu discusses this week's macro indicators and analysis: "Tariff Storm," U.S. Non-Farm Employment, Powell's speech

Summary

The U.S. core PCE in February exceeded expectations, and a Japanese central bank committee member stated that if the economic and price outlook is realized, they will continue to raise interest rates; this week will see the U.S. March non-farm employment report, Trump's "tariff storm" on April 2, Federal Reserve Chairman Powell's speech, and the European Central Bank's March monetary policy meeting minutes, among other events.

Last Week Review

• The Bank of Japan released a summary of opinions from its March policy meeting, stating that one committee member said they would continue to raise interest rates if the economic and price outlook is realized, but specific policy management should not be pre-judged.

• The number of initial jobless claims in the U.S. for the week of March 22 was 224,000, compared to an estimate of 225,000 and a previous value of 223,000.

• The final value of the U.S. fourth-quarter real GDP annualized quarterly rate was 2.4%, compared to an estimate of 2.3%, with a revision to 2.3%.

• The final value of the U.S. fourth-quarter core PCE price index annualized quarterly rate was 2.6%, compared to an estimate of 2.7%.

• The U.S. core PCE price index year-on-year in February was 2.8%, expected 2.7%, the highest since December 2024.
  
  - The final value of the U.S. Michigan Consumer Confidence Index for March is 57, lower than the expected 57.9, with an initial value of 57.9.
  - The final value of the U.S. one-year inflation expectation for March from the University of Michigan is 5%, expected 4.9%, previous value 4.90%.
  
  **Key Events & Indicators This Week**
  
  March 31
  - China’s official Manufacturing PMI for March (09:30)
  
  April 1
  - China’s Caixin Manufacturing PMI for March (09:45)
  - U.S. ISM Manufacturing PMI for March (22:00)
  
  April 2
  - U.S. ADP Employment Change (thousands) for March (20:15)
  - U.S. President Trump plans to implement reciprocal tariffs and industry-specific tariffs, imposing a 25% tariff on imported cars and a 25% tariff on countries purchasing energy from Venezuela.
  
  April 3
  - China’s Caixin Services PMI for March (09:45)
  - European Central Bank to release the minutes of the March monetary policy meeting (19:30)
  - U.S. Initial Jobless Claims (thousands) for the week ending March 29 (20:30)
  
  April 4
  - U.S. Unemployment Rate for March (20:30)
  - U.S. Non-Farm Payrolls (thousands) for March, seasonally adjusted (20:30)
  - Federal Reserve Chair Powell to give a keynote speech (23:25)