US Federal Reserve (Fed) Keeps Policy Rate Unchanged
According to the Wall Street Journal, the Fed kept the federal funds rate unchanged at 4.25%-4.50% and slowed the pace of balance sheet reduction as of April 1. The upper limit for the monthly reduction of US Treasury bonds was reduced to $5 billion, while the monthly reduction limit for mortgage-backed securities (MBS) was kept at $35 billion. The Fed revised its 2025 growth forecast downwards, while raising its inflation forecast.
Powell: Fed Need Not Rush to Adjust Policy Stance
Fed Chairman Jerome Powell stated that there is no need to rush to cut interest rates or maintain the current tight policy, but that they will act depending on economic data. Powell stated that the US economy is strong, but consumer spending is slowing, and economic uncertainties are increasing.
Fed Raises Inflation Forecast and Reduces 2025 Growth Forecast
According to the Federal Reserve’s economic projections, the 2025 GDP growth forecast was lowered from 2.1% to 1.7%, but the core PCE inflation forecast was raised from 2.5% to 2.8%.
Fed Dot Plot: Most Officials Expect a 50 Basis Point Rate Cut by the End of 2025
According to the Fed’s dot plot, 9 out of 19 officials expect a total rate cut of 50 basis points by the end of 2025. Four officials advocate no rate cut at all, while two officials think a 75 basis point cut is needed.
Trump: India to face reciprocal tariffs on April 2
US President Donald Trump announced that India will be subject to reciprocal tariffs as of April 2 if it does not remove US trade barriers. Trump described India as “one of the countries with the highest tariffs in the world.”
Czech Central Bank Official Sceptical of Bitcoin as a Reserve Asset
According to Reuters, Czech Central Bank (CNB) Board Member Jan Kubicek expressed skepticism about Bitcoin being accepted as a reserve asset due to its high volatility and legal uncertainty.
WLFI Transferred 200 Million Tokens to a New Address
According to blockchain monitoring data, the transfer function of the WLFI token was tested and approximately 200 million tokens were reportedly sent to a new address.
Telegram’s Monthly Active Users Exceed 1 billion
Telegram founder Pavel Durov announced that the number of monthly active users of Telegram has exceeded 1 billion, making it the second largest communication platform in the world, excluding WeChat.
Decentralized Prediction Market Developer Opinion Labs Launches Monad TestNet
Opinion Labs announced the launch of the Monad testnet, allowing anyone to create prediction markets using any token.
Ripple CEO: SEC Withdraws Appeal Case Against Ripple
Ripple CEO Brad Garlinghouse announced that the SEC’s case against Ripple is over and the appeal will be withdrawn.
Standard Chartered Bank: Coinbase Sold $37 Million Worth of Ethereum in Q4 2024
Coinbase sold 12,652 Ethereum (about $37 million) in the last quarter of 2024, which could affect Ethereum’s price trend, Standard Chartered Bank analysts said.
US Bitcoin Spot ETFs Record $11.7984 Million Net Inflows
According to SoSoValue data, there were total net inflows of $11.7984 million into Bitcoin spot ETFs on March 19. Bitwise ETF BITB was the highest invested fund with a one-day net inflow of $12.0869 million.
U.S. Ethereum Spot ETFs Net Outflows Totalled $11.7459 Million
Ethereum spot ETFs had net outflows of $11.7459 million on March 19. Grayscale’s Ethereum Mini Trust ETF recorded a net outflow of $7.6518 million.
Trump to Speak at New York Digital Asset Summit
US President Donald Trump will deliver a speech at the Digital Asset Summit (DAS) in New York on Thursday. This will be the first time an incumbent US president will speak at a cryptocurrency industry event.
Volatility Shares announced on March 20 that it will launch two new futures ETFs based on Solana, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT).
by Darkex Research – 3 min read
