Trump will announce the latest tariffs which will take effect immediately, Tether bought 8,888 Bitcoins in the first quarter.

In another volatile trading day, the S&P 500 index recovered from a 1% fall triggered by weak manufacturing and employment data. Trump will announce the latest tariff details at 4 a.m. on Thursday, according to a White House spokesperson, stating that the tariffs will take effect immediately. Bitcoin rose back above 85K yesterday along with U.S. stocks, and the stablecoin leader Tether confirmed that it purchased 8,888 Bitcoins in the first quarter.

Tariffs will take effect immediately! Trump will announce at 4 AM on Thursday.

For investors, this is a dizzying time as they need to prepare for Trump's tariffs. With the deadline approaching, it remains unclear to what extent he will overturn the current rules-based global trading system. This uncertainty has shaken the markets, prompting economists to lower their growth forecasts and forcing central banks to consider the inflationary impact that rising import costs may bring.

White House spokesperson Karoline Leavitt stated on Tuesday that U.S. President Trump will impose new tariffs on a wide range of trade partners, with the measure taking effect immediately on April 2.

Trump is considering a range of measures, including possibly imposing a 20% tariff on almost all trading partners, progressive tariffs, or customized tariff measures targeting specific countries. It is expected that Trump will announce the details of the new tariffs at 4 a.m. Taiwan time on Thursday.

Tether bought 8,888 Bitcoins in the first quarter.

Tether, according to its reserve strategy, acquired 8,888 Bitcoins in the first quarter of 2025, valued at approximately 735 million USD, bringing its total holdings to 92,646 Bitcoins, worth about 7.8 billion USD, making it the sixth largest holder of Bitcoin in a single wallet.

Tether began acquiring Bitcoin in September 2022 and officially announced in May 2023 that it would use 15% of its realized net operating profits each quarter to purchase Bitcoin, further strengthening its reserves and diversifying them.

At the current price, Tether's unrealized gains from Bitcoin are approximately $3.86 billion.

Tether is still one of the most profitable companies in the cryptocurrency space. Its net profit for the entire year of 2024 is 13 billion dollars, of which 7 billion dollars comes from U.S. Treasury yields, 5 billion dollars comes from unrealized gains and losses from holding gold and Bitcoin, while the group's other traditional investments contributed another 1 billion dollars.

Tether bought 8,888 比特 in Q1, bringing its total holdings to $7.8 billion — the sixth largest in a single wallet

— Paolo Ardoino (@paoloardoino) April 1, 2025

In this article, Trump will announce the latest tariffs which will take effect immediately, and Tether purchased 8,888 Bitcoins in the first quarter, first reported by Chain News ABMedia.