2024-03-26, Tuesday, daily news (selected)
policy information
1. The probability of the Fed cutting interest rates at the next interest rate decision: 90.4% (2:00 a.m. on May 2, 2024)
2. Hong Kong Financial Secretary Hui Ching-yu: We will ensure that cryptocurrencies grow in a sustainable manner and will continue to strengthen ties with the mainland.
3. The London Stock Exchange announced that it will accept listing applications for Bitcoin and Ethereum ETNs starting from April 8.
4. Thailand will finalize details of digital wallet plan on April 10
Macro content
1. Tomado Cash developer Alexey Pertsev will go on trial in the Netherlands on Tuesday;
2. Fed-Bostic reiterated that he expects only one interest rate cut this year; Goolsby: Three interest rate cuts this year are in line with my idea; Cook: Housing inflation will continue to decline, and caution is needed in cutting interest rates.
3. The United States abstained, and the United Nations Security Council passed a resolution clearly calling for an immediate ceasefire in Gaza; Israel suspended its visit to the United States.
4. Google, Intel and Qualcomm plan to develop AI software through the foundation to compete with Nvidia.
Currency news
1. Data: This Friday will be the largest options delivery in history. BTC options with a nominal value of US$9.45 billion (maximum pain point of US$50,000) and ETH options with a nominal value of US$5.68 billion (maximum pain point of US$2,600) will be delivered on Friday. Delivery
2. Last week, Lido TVL fell by 5.38% to US$33.9 billion. Abraxas Capital Mgmt withdrew the pledged 4,000 ETH from Lido and deposited all of them into Binance. 150,000 ETH transferred from unknown wallet to Coinbase
3. Yesterday, the Bitcoin spot ETF saw a net inflow of US$15.4 million for the first time since its net outflow last week. Grayscale GBTC had an outflow of $350 million, BlackRock IBIT had an inflow of $35.5 million, and Fidelity FBTC inflow surged to $262 million.
4. The estimated loss ratio of FTX claims (the percentage of claim value to face value) has risen to between 93% (Bid) and 97% (Ask).
5. Nilam Resources plans to acquire 24,800 Bitcoins through a special entity MindWave
6. Goldman Sachs Asia Pacific Head of Digital Assets: Goldman Sachs is also actively promoting asset tokenization and investing in blockchain infrastructure companies.
7. Gala Games: Updates to the GALA ecological blueprint and MUSIC white paper are expected to be released this week.
8. Coinbase report: The recent selling pressure on GBTC may stem from Genesis’ liquidation of bankrupt assets, and subsequent selling pressure may gradually decrease.
Greed and Fear Index: 81 (moderate greed)
Jiushen Index (Ahr999): 1.66 (sell high
