US Core PCE Price Index Higher Than Expected
US core PCE price index was announced as 2.8% yoy. The expectation was 2.7%, while the previous data was 2.8%. The monthly data for February came in at 0.4%, while the expectation was 0.3%.
Senator Ted Cruz Proposes Banning the Fed from Issuing CBDCs
Texas Senator Ted Cruz introduced a bill on March 26 to prohibit the Federal Reserve from issuing central bank digital currency (CBDC). The bill matches an anti-CBDC bill introduced by House Member Tom Emmer. Both bills exempt open, unauthorized and private dollar-denominated currencies from the ban.
Nasdaq Files 19b-4 Application for Grayscale Avalanche ETF
Nasdaq filed 19b-4 filing documents for the Grayscale Avalanche ETF with the US Securities and Exchange Commission.
Galaxy Digital to Pay $200 Million for Terra Promotion
Galaxy Digital has agreed to pay $200 million in a lawsuit over the Terra (LUNA) promotion. The settlement was reached as part of legal proceedings over the Terra promotion. The company did not comment further on the case.
by Darkex Research – 1 min read