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$106M worth of futures liquidated in the past hour Major exchanges have seen $106 million worth of futures liquidated in the past hour. In the past 24 hours, $484 million worth of futures have been liquidated.

Immortal Token is currently navigating turbulent waters, leaving investors wondering whether it is an undervalued gem or a sinking ship. With a market capitalization of just $1.47 million, the token’s valuation is significantly lower than its fully diluted market cap of $8.07 million. This discrepancy suggests that a majority of its tokens remain locked or uncirculated, potentially influencing price movements. One of the most striking indicators is its 24-hour volume-to-market cap ratio of 191.36%, meaning that daily trading activity is nearly double its market value. This level of liquidity can be both an opportunity and a warning—while high volume often signals strong interest, it can also indicate heightened volatility and speculative trading. Furthermore, the token’s recent price movements add to the uncertainty. Reaching a peak of $0.02273 in late March before tumbling to $0.008126 in early April highlights the risks involved. Is Immortal Token on the verge of a major breakout, or is it a risky bet in an unpredictable market? Only time will tell, but one thing is certain—the crypto community is watching closely. $IMT

President Donald Trump announced today a sweeping new tariff policy that will impose a minimum 10% levy on nearly all goods entering the United States, effective April 5. The policy excludes Canada and Mexico, with both countries exempt from the 10% baseline tariff and reciprocal levies for now. However, non-compliant goods from those nations will continue to face a 25% tariff, originally imposed on the grounds that they were failing to curb the flow of drugs and crime into the United States. The 10% tariff would only apply if the current 25% duties on Canadian and Mexican imports are lifted or suspended. In addition to the general import levies, the plan also imposes a separate 25% tariff on all foreign-made automobiles, which takes effect at midnight ET. Building on that, the administration is also implementing “reciprocal” tariffs on approximately 60 nations, calculated at half their current total trade barriers on US exports. Among the major US trade partners impacted, China will face a 34% tariff, the EU 20%, Vietnam 46%, Japan 24%, India 26%, Taiwan 32%, Indonesia 32%, and Brazil 10%. These country-specific rates take effect April 9. “This is not full reciprocal. This is kind reciprocal,” Trump said. Trump declared a national emergency linked to the US trade deficit, which exceeded $918 billion in 2024, invoking the International Emergency Economic Powers Act to authorize the measures. “For years, hard-working American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense. But now it’s our turn to prosper,” Trump said from the White House Rose Garden. “I blame former presidents and past leaders who weren’t doing their job. They let it happen — to an extent that nobody can even believe,” he added. The administration projects that the tariffs will generate hundreds of billions in new revenue and boost domestic industry. Trump said the plan aims to open foreign markets, dismantle trade barriers, and increase production at home, which he believes will lead to stronger competition and lower prices for consumers. Markets reacted swiftly to the announcement: Bitcoin briefly surged to $88,000 before settling at $84,500, the 10-year US Treasury yield declined, and futures tied to major US indexes fell sharply. S&P 500 futures dropped 1.9%, while Nasdaq 100 futures slid 2.7% as investors absorbed the full scope of Trump’s sweeping trade action. Story in development

Major U.S. stock indexes close higher The three major U.S. stock indexes closed higher. S&P500: +0.67% Nasdaq: +0.87% Dow: +0.56%

$101M worth of futures liquidated in the past hour Major exchanges have seen $101 million worth of futures liquidated in the past hour. In the past 24 hours, $332 million worth of futures have been liquidated.