ETH breaks through the $3400 mark

BlockBeats News: On April 3rd, cybersecurity company Kaspersky Lab recently discovered a large number of counterfeit Android phones pre installed with malicious software being sold online at low prices. These devices are implanted with the Triada Trojan virus, which can steal cryptocurrency and other sensitive data. According to Kaspersky expert Dmitry Kalinin, attackers have successfully transferred approximately $270000 worth of various cryptocurrencies by replacing wallet addresses, but the actual losses may be higher as the attackers also targeted the privacy coin Monero. There have been 2600 confirmed cases of infection, mainly concentrated in Russia. This Trojan can infiltrate firmware before the device reaches the user's hands, intercept double authentication SMS, and steal account information. Kaspersky recommends that users only purchase devices from legitimate channels and install security solutions immediately after purchase. （Cointelegraph）

According to OKG Research analysis, the tariff policy implemented today far exceeded market expectations, with the United States imposing a 34% tariff on China and higher tariffs on Southeast Asia -36% in Thailand, 46% in Vietnam, and 49% in Cambodia. Calculated by component breakdown, the cost of Bitcoin mining is expected to increase by at least 24.65%. Tariffs impact the mining industry, significantly extending the ROI cycle. At the current level of computing power difficulty and electricity prices, unless there is a significant increase in Bitcoin prices or extremely low electricity bills, it is almost impossible for newly purchased mining machines to make a profit. The increase in tariffs not only directly drives up the procurement cost of mining machines, but also significantly prolongs the current cycle, especially for small and medium-sized miners. The high tariffs will make it more difficult for them to bear the cost pressure and accelerate the concentration of mining towards large-scale enterprises. 'Off chain blockade, on chain openness' - stablecoins become a channel for shadow dollar reservoirs. Although the shock wave of tariffs has hit the entire financial market, various data shows that the liquidity flowing into the cryptocurrency market is not so pessimistic. The US policy of "reciprocal tariffs" on China, coupled with the upcoming implementation of Executive Order No. 14117 on April 8th, has accelerated the use of US dollar stablecoins and further strengthened the financial strategy of "off chain blockade and on chain openness". It is worth noting that the main collateral asset for US dollar stablecoins is US Treasury bonds, which means that the cryptocurrency market is becoming a natural shadow dollar reservoir that may have a profound impact on the global liquidity pattern of the US dollar.

Odaily Planet Daily reported that the head of the Federal Service of the Russian Federation (FSSP) has developed a new mechanism to support the conversion of Bitcoin seized in criminal cases into national fiscal revenue. This mechanism stems from the precedent of the bribery case of former investigator Malat Tambiev, in which about 1032 BTCs were successfully seized and transferred to the Ministry of Finance. It is expected that some assets will be sold to supplement the national treasury. FSSP calls on the legislative body to clarify the legal status of encrypted assets as soon as possible, in order to promote a more systematic process for the disposal of encrypted assets. （cryptonews）

OKX will open the spot trading pair BABY/USDT at 1:30 PM (UTC+8) on April 3, 2025. Project Introduction: Babylon supports BTC staking, connecting the BTC secure network with BTC holders, providing users with the largest and most powerful community in the cryptocurrency space.

The current BTC 2-hour cycle K-line is hovering around 83500, and the latest chip distribution shows sparse chips in the price range, forming strong resistance above 87000, making it difficult to break through. Based on the current candlestick pattern of the upper hanging line and the cross star signal, the bullish strength is clearly insufficient, and there may be short-term pressure to fall back. The balanced distribution of chips also implies a lack of clear direction in the market, and price fluctuations may intensify. In addition, the MACD bar chart continues to shrink, and downward momentum is accumulating. At the same time, the price is below the EMA24/52 moving average, and the short-term trend is bearish. Multiple signal verification, BTC may experience further pullback. Unlock membership function, real-time tracking of chip distribution and resistance support, helping you accurately capture inventory changes! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.