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🌙 Equities Dip, Volatility Rises As Tariffs Take Effect

President Trump’s 25% tariffs on Mexico and Canada went into effect after a one-month delay this morning.

Author

Mike Gavela
March 04, 2025

In partnership with

Crypto Roundup - March 4

The recent news landscape in the financial and crypto markets reflects diverse yet interconnected developments. Firstly, the imposition of tariffs is causing heightened volatility in equity markets, signaling a rough period for investors as they navigate through these uncertain economic conditions. In the cryptocurrency sector, despite short-term volatility, experts like 21Shares maintain a positive outlook for digital assets, underscoring their resilience amidst market fluctuations. Moreover, a significant policy shift is underway as the Trump administration endorses a bill to repeal an IRS rule that would impose strict reporting requirements on decentralized finance (DeFi) projects, a move that could significantly impact the DeFi sector's operational freedom.

Top Stories

  • Heightened market volatility: Equity markets experience increased instability following new tariffs.

  • Cryptocurrency remains robust: 21Shares expresses a continued positive forecast for crypto despite short-term challenges.

  • Legislative support for DeFi: Trump administration supports a bill repealing stringent IRS DeFi reporting rules.

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TOP STORIES

Equities dip, volatility rises as tariffs take effect 

The VIX spiked after the open this morning, marking the highest level of volatility we’ve seen so far this year.

blockworks.co/news/tariffs-impact-equities-volatility

'Short-term volatility' doesn't dim crypto outlook: 21Shares

The market's short-lived rally isn't something to be too worried about, analysts say.

blockworks.co/news/crypto-short-term-volatility

Trump Admin Throws Weight Behind Bill to Repeal Anti-DeFi IRS Crypto Tax Rule - Decrypt

Trump’s crypto czar David Sacks said Tuesday that the administration “strongly supports” passage of the resolution.

decrypt.co/308605/trump-admin-supports-bill-repeating-irs-defi-rule

FUNDRAISING

OTHER HEADLINES

Solana DEXs Dominate Despite Memecoin Meltdown - "The Defiant"

It seems nothing can slow Solana’s five-month roll, not even a memecoin crash. According to DeFiLlama data, Solana beat all other chains for the fifth consecutive month to generate the most decentralized exchange (DEX) volume in crypto, with $109 billion.

thedefiant.io/news/markets/solana-dexs-dominate-despite-memecoin-meltdown

IMF wants to doxx Chivo wallets, BTC balances of El Salvador state users

Before El Salvador shuts down Chivo, the IMF wants the names, wallet addresses, and BTC holdings of all legal persons controlled by the state.

protos.com/imf-wants-to-doxx-chivo-wallets-btc-balances-of-el-salvador-state-users

XRP Defies Trump Slump as Major Cryptocurrencies Erase Post-Election Gains - "The Defiant"

The ongoing Bitcoin-led bloodbath has seen ETH, BNB and SOL give up their post-election gains.

thedefiant.io/news/markets/xrp-defies-trump-slump-as-major-cryptocurrencies-erase-post-election-gains

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