Market volatility reaches extreme levels as the US imposes 104% tariffs on China, causing a 6% intraday swing in the S&P 500 while Bitcoin demonstrates relative resilience amid economic uncertainty. This heavy-handed negotiation approach by the Trump administration has created significant turmoil across global markets, with miners' stocks down an average of 50% since the beginning of the year despite operational improvements.

• US-China trade war intensifies with new 104% tariffs implemented at noon, causing the Chinese yuan to fall to its lowest level in two years
• Bitcoin being recognized as a "flight to safety" asset by BlackRock and called "the most honest and efficient market" by Peter Thiel
• Core Scientific produced 247 Bitcoin in March, now holding 1,001 BTC valued at $83 million
• Core Scientific's HPC partnership with CoreWeave expected to generate $10B over 12 years with 71% margins
• Saluna Holdings announces Project Heety: 120-megawatt wind-powered data center in Texas for Bitcoin mining and AI workloads
• Miner Madness 3.0 competition open for entries with approximately 100 submissions already received

Let us know in the comment section: Do you think Trump will pull this off, or are we headed toward a global trade war or potentially worse?

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