Don't be swayed by surface inflation; the surge in oil prices is actually the 'catalyst' for interest rate cuts.
The Federal Reserve should not only refrain from raising rates now but should instead quickly 'cut rates to save the market.' However, the Fed is a political entity; it fears the public cursing at the gas station signs (perceived inflation), so it can only 'grin and bear it until later cuts.'
The more they hold off on lowering rates now, the harsher the economic downturn will be in the future, ultimately relying on 'more aggressive rate cuts' to clean up the mess.
1. Yesterday, the net inflow for Bitcoin spot ETFs in the U.S. was $115.42 million; the net inflow for Ethereum spot ETFs was $57.11 million.
2. Due to geopolitical tensions, the demand for stablecoins in Dubai has surged, with USDC issuance exceeding 2.3 billion in the past week.
3. The SEC and CFTC officially signed a memorandum of cooperation on March 11, committing to jointly advance the regulatory framework for crypto assets. The CFTC has officially released clear regulatory guidance for prediction markets to help exchanges understand the requirements for new contract listings, aimed at establishing a transparent rule system for this asset class.
4. According to market news, Binance, PayPal, and Ripple have joined the blockchain payment project launched by Mastercard.
5. Pump registers multi-chain subdomains, or will expand to Base, BSC, Monad, and Ethereum
6. Asset management company VanEck announced that some of its cryptocurrency ETFs are officially open to U.S. 401(k) retirement account holders, marking the formal entry of crypto assets into traditional employer pension plans.
7. BlackRock's ETHB was officially listed for trading on NASDAQ on March 13, Beijing time. This is BlackRock's third cryptocurrency ETF and the first product to incorporate Ethereum staking features. ETHB will hold spot ETH and use part of its holdings for staking, allowing investors to gain both ETH price exposure and staking returns.
8. Goldman Sachs expects the Federal Reserve to cut interest rates by 25 basis points in September and December 2026, whereas previous forecasts were for cuts in June and September.
9. On Friday, 26,000 BTC options and 182,000 ETH options will expire, with the maximum pain points at $69,000 and $2,000.
10. Coinbase is reported to lobby against the small tax exemption policy for Bitcoin, arguing that it should only apply to stablecoins
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