🎙️ Off Chain Weekly Recap – April 10, 2025

This week, Matt and Austin unpack one of the wildest weeks in markets this year:

🔹 Trump’s Tariff Tsunami: A 10% universal tariff turned into a tit-for-tat trade war with China, peaking at 125% tariffs on Chinese imports. China hit back hard — tariffs, blacklists, and export controls on rare earth minerals.

🔹 Global Fallout: Vietnam, India, Japan, and the EU rushed to the negotiating table. Some offered full tariff eliminations to avoid a full-blown trade war.

🔹 Apple, Inflation & $30K iPhones?: Concerns about Apple and other US companies absorbing the shock, but signs suggest they’re more resilient than during Trump’s first term.

🔹 Market Madness: Stocks nosedived early in the week, only to surge midweek after a partial tariff rollback. Crypto pumped. S&P saw its biggest 1-day gain since 2008. But uncertainty looms.

🔹 Currency Games: China strategically devalues the yuan to counter tariffs. US Treasury markets spooked. Is a dangerous feedback loop forming?

🔹 Outlook:

• Short-term: More volatility, sideways action unless China escalates.
• Mid-term: Q2/Q3 could be rough — all eyes on corporate earnings & the Fed.
• Long-term: DCA and hold. Could look back at Q2 as a massive buying opportunity.

🛞 And yes — the G-Wagon is safe (for now). 🙃

In this week's episode we cover yesterday's Fed meeting and rate decision, discuss the macro outlook, dig into the pump.fun vs Raydium battle within Solana, and explain Strategy's recent STRF issuance.

In this week's episode, we take a look at the state of the markets, as well as the recent announcements regarding the US Strategic Crypto Reserve.