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According to a report by Golden Finance, as Trump initiates a trade war, warnings from Wall Street strategists are increasing, indicating a bleak outlook for the stock market. On Monday, strategists Jean Boivin and Wei Li from BlackRock downgraded their three-month outlook for US stocks from overweight to neutral, stating that they expect "risk assets will face greater pressure in the short term due to significant escalation of global trade tensions." Meanwhile, Goldman Sachs' strategic team including strategists like Peter Oppenheimer said that with the increase in recession risk, stock market sell-offs are likely to evolve into a longer cyclical bear market. Cyclical bear markets typically last about two years and take five years to rebound back to their starting point. As it stands now, they believe that the U.S. stock sell-off is an event-driven bear market. They say that in both types of bear markets, stocks tend to fall on average 30%, but "the duration differs; event-driven downturns are shorter and recover faster."

Odaily Planet Daily reports that according to official data, the stablecoin protocol Falcon Finance TVL has surged past $130 million, currently reported at $132.1 million. Its collateralized token sUSDF APY is now reported at 14.3%. It is known that Falcon Finance is a synthetic dollar stablecoin protocol launched by DWF Labs partner Andrei Grachev. Moreover, Falcon Finance will have its own points program and governance tokens.