[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.staticimgs.com/image/article/1744034661ann_en.webp) Gate Research Daily Report: On April 7, Bitcoin dropped 5.22% to $78,236, while Ethereum fell 12.13% to $1,601. Aave's cumulative borrowing interest on Ethereum has surpassed $1 billion. Solana's total value locked (TVL) reached 53.8 million SOL, marking its highest level since 2023. In March, most major DeFi protocols experienced sharp revenue declines, but Sky stood out with notable growth. Meanwhile, newly announced U.S. tariff policies triggered a global market shake-up, accelerating sell-offs across both traditional and crypto markets. Lens Chain officially launched its mainnet, offering a scalable and modular foundation for decentralized social applications. The SEC also initiated a review of digital asset policies introduced under the Biden administration, potentially signaling a move toward more relaxed regulation. - **Market Analysis**: Bitcoin dropped 5.22% to $78,236, while Ethereum saw a larger decline of 12.13%, falling to $1,601. - **Top Performers**: The top altcoins in the past 24 hours were AERGO, FORTH, and AVAIL, gaining 50.95%, 36.48%, and 9.21%, respectively. - **Data Highlights**: Aave's borrowing interest on Ethereum has surpassed $1 billion, while Solana's total value locked (TVL) reached 53.8 million SOL, marking its highest point since 2023. - **Spotlight Analysis**: Global markets are experiencing the impact of tariff policies, with both traditional stock markets and the crypto market accelerating their declines. - **Market Opportunities**: Codex aims to create a more efficient platform for stablecoin transactions by optimizing its underlying infrastructure. The project has raised $15.8 million in funding, which will be used to further develop its blockchain focused on stablecoins. Explore today's details → Gate Research: U.S. Tariff Policy Sparks Turmoil in Global Markets; Bitcoin Falls Below $80,000 **Gate Research** Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis. Click the Link to learn more **Disclaimer** This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or prohibit some or all services for users from restricted regions. For more information, please read the User Agreement at: https://www.gate.io/user-agreement. Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions. Gate Team April 7, 2025 **Gateway to Crypto** Trade over 3,800 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves