AICoin Daily Report (April 4th)

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1. Trump's Tariff Policy Has a Significant Impact on Mining Companies

Odaily Planet Daily reports that Trump has announced reciprocal tariffs, and domestic mining companies in the U.S. may not be very optimistic about the tariffs as they are directly affected by the import of mining machines from Asia. Blockware Solutions' chief analyst Mitchell Askew stated, "Tariffs have a huge impact on Bitcoin mining companies, and it is expected that overseas mining machine supply will be squeezed, thereby increasing demand for domestic mining machines. If coupled with the rise of BTC, we may see ASIC mining equipment prices increase by 5 to 10 times like in 2021." Blockware CEO Mason Jappa also mentioned that tariffs will have a significant impact on the Bitcoin mining industry, pointing out, "Currently, most Bitcoin mining servers imported come from Malaysia/Thailand/Indonesia, and the mining machines that have already arrived in the U.S. will become more valuable." Some Bitcoin mining companies have been racing against time to import mining machines before the tariffs are imposed. Lauren Lin, head of hardware at Bitcoin mining software company Luxor Technology, stated that she even hoped to charter a plane to bring mining machines into the U.S. -Original

2. Fidelity's Spot Solana ETF Approved

3. South Korea Opens Up to Foreign Investment in the Crypto Market

Kim Sung-jin, head of the Virtual Assets Division of the South Korean Financial Services Commission, stated in Congress on April 2 that if domestic crypto exchanges demonstrate sufficient anti-money laundering capabilities, it may be possible to open up investment in domestic crypto assets to foreigners in the future. Current laws still prohibit foreign entities and individuals from participating in such investments. -Original

4. PayPal Expands Support for Solana and Chainlink

PayPal has expanded its cryptocurrency product offerings to include Solana and Chainlink in the U.S. and related regions. Previously, SOL and LINK could only be accessed through a partnership with MoonPay on the payment processor. -Original

5. Nomination of SEC Chair Candidate Approved

The nomination of Paul Atkins as the SEC Chair has been approved by the Senate Banking Committee, and his nomination will now be submitted for a vote by the full Senate. -Original

6. South Korea May Consider Opening the Crypto Market

Kim Sung-jin, head of the Virtual Assets Department of the Financial Services Commission (FSC) in South Korea, stated that he supports allowing foreign investors to enter the South Korean crypto market, provided that local exchanges demonstrate strong anti-money laundering compliance capabilities. Currently, due to capital controls and real-name account requirements, non-residents can hardly trade crypto assets in South Korea. However, with the U.S. signaling a more friendly crypto policy under the Trump administration, South Korean regulators are beginning to reassess the existing restrictions. The FSC remains cautious, believing that South Korean exchanges still have shortcomings in international compliance, especially in the implementation of the Travel Rule. This rule, which has been in effect since 2022, requires exchanges to collect and store information on both parties for transactions exceeding 1 million won (approximately $680), and some platforms have recently lowered the applicable threshold. -Original

7. Grayscale Transfers a Large Amount of ETH to Coinbase

Ten minutes ago, Grayscale transferred 16,247 ETH, worth $28.63 million, from its Coinbase Prime Deposit address to a Coinbase hot wallet address. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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