Wang Xin, Director of the Research Department of the Central Bank: The future status of the US dollar depends on two aspects. Market confidence in the US dollar has declined.
2025 Lujiazui Forum today, Wang Xin, Director (Director) of the Research Bureau of the People's Bank of China (Office of Counselors), said that the future status of the US dollar depends on the US economy and US policies on the one hand. We have seen significant changes and a decrease in market confidence in the US dollar. On the other hand, it also depends on the development of other major currencies and other major currency issuing countries, which is a comprehensive result. Generally speaking, if we move from a system that relies too much on the US dollar to several major currencies competing with each other, providing some constraints and incentives for the policies of major currency issuing countries, it should be a better improvement.
2025-01-01 17:00:00SHARE
Head of YZi Labs: Funds are flowing back from Meme to altcoins. Meme coins have no fundamentals and therefore cannot be sustained
On March 15th, YZiLabs (formerly Binance Labs) leader Ella Zhang stated in an interview with BeInCrypto that although community-driven narratives provide investors with a fairer entry point, they have lost momentum over time due to weak fundamentals. Ella Zhang said: Starting from the end of the first quarter, interest in tokens supported by venture capital began to decline, while the popularity of meme coins soared, leading to the so-called meme coin frenzy; Pump.fun and similar platforms are reshaping early-stage altcoin investments to make them more accessible, transparent, and community-driven. These platforms mainly focus on meme coins, experimental tokens, and community-driven projects, making it easier for anyone to launch and participate in new crypto assets. However, in recent months, this trend has started to reverse. Although meme coins are easy to obtain, their short-lived popularity has prompted traders to return to altcoins supported by venture capital. "According to CoinMarketCap data, this trend is now slowing down. The ratio of meme coin market value to non-meme altcoin market value has been declining, indicating that funds are gradually flowing back to non-meme coins. For any asset to have lasting/continuous value, it [needs] one or more underlying services, businesses, products, technologies, or innovations to drive price increases. Without fundamentals, value cannot be maintained." Ella Zhang said.
2025-01-01 17:00:00SHARE
Mubarak's market value exceeds $40 million, up more than 100% in the past 6 hours
On March 15th, according to GMGN market data, the market value of Meme coin mubarak on BSC has exceeded 40 million US dollars, currently at 42.7 million US dollars, with a more than 100% increase in the past 6 hours, and a 24-hour trading volume of 47.1 million US dollars. Meme coin has huge trading fluctuations, heavily relying on market sentiment and concepts, with no actual value or use case. Investors should be aware of the risks.
2025-01-01 17:00:00SHARE
Polkadot's Web3 Foundation announces funding for on-chain cross-border payment project Satoshipay
Web3 Foundation under Polkadot announced funding for the on-chain cross-border payment project Satoshipay to support its development of the fiat/crypto gateway service Vortex based on the Polkadot chain. The Web3 Foundation has not disclosed the amount of funding, but Satoshipay revealed that it has raised approximately $850,000, with investors including Blue Star Capital and angel investors such as Alexander Wilke.
2025-01-01 17:00:00SHARE
Prediction markets show 100% chance of Fed ending quantitative tightening by May
cryptocurrency market hopes Bitcoin will recover from its recent slump, observers are looking forward to the Federal Reserve's (Fed) interest rate decision on Wednesday for support, if the Fed announces the end of the balance sheet reduction plan (ie QT, quantitative tightening) it could be good news for the market, as of now the probability on the Polymarket prediction market of the Fed ending quantitative tightening (QT) policy before May has reached 100%, the size of this prediction pool has exceeded $6.25 million.
2025-01-01 17:00:00SHARE
A payments and settlement system backed by 15 central banks is piloting an African money market that aims to allow countries to settle trade in local currencies.
On March 15th, according to News.bitcoin, the Pan-African Payment and Settlement System (PAPSS), supported by 15 central banks, is piloting a currency platform to enable countries to settle trade using their local currencies. Reuters reported that the platform, called the African Currency Market, is planned to be launched later this year. The introduction of the African Currency Platform is expected to help promote intra-African trade.
2025-01-01 17:00:00SHARE
Santiment: Whales have purchased 1.1 million ETH in the past 48 hours
Santiment posted on X platform that in the past 48 hours, whales have purchased 1.1 million ETH.
2025-01-01 17:00:00SHARE
China Securities Regulatory Commission: Qualified foreign investors will be allowed to participate in ETF options trading
China Securities Regulatory Commission announced that, with the approval of the People's Bank of China and the State Administration of Foreign Exchange, qualified foreign investors will be allowed to participate in onshore ETF option trading starting from October 9, 2025, with the trading purpose limited to hedging.
2025-01-01 17:00:00SHARE
10x Research: Bitcoin may enter another 8-month oscillation period, and the market lacks the momentum to "buy on dips"
Markus Thielen, research director of 10x Research, said that Bitcoin may repeat the trend of 2024, entering a long period of consolidation after hitting a historical high. He pointed out that the technical chart of Bitcoin currently shows a "high-level tight flag" pattern, which is usually considered a bullish continuation pattern, but the current structure shows some signs of weakness, indicating that the market is in an uncertain state rather than simply consolidating in a bullish manner.
2025-01-01 17:00:00SHARE
Overextended long yen positions may drive BTC and NASDAQ to stabilize
According to CoinDesk, analysts pointed out that the long positions in the Japanese yen have reached extreme levels, which may provide some support for Bitcoin (BTC) and the Nasdaq index.Market observers believe that if the Japanese yen retraces, funds may flow into other asset classes, including US tech stocks and the crypto market, which could help stabilize BTC and the NASDAQ. Currently, investors are closely monitoring the macroeconomic environment and forex market dynamics to assess potential market trends.
2025-01-01 17:00:00SHARE
Upbit will change the minimum price fluctuation of USDT/KRW and USDC/KRW markets
According to the official announcement, Upbit will change the minimum price change of the USDT/KRW and USDC/KRW markets.
2025-01-01 17:00:00SHARE
Bitget Onchain Launches BASEDD Token
Bitget Onchain launches Solana ecosystem MEME token BASEDD. Users can start trading on the chain trading section.
2025-01-01 17:00:00SHARE
The return rate of SZN trading at a certain address is as high as 630 times
according to on-chain analyst Lookonchain monitoring, a trader turned $809 into $510,000 in less than 15 hours by trading szn on Tron, with a return rate of up to 630 times.
2025-01-01 17:00:00SHARE
Drones in Austin, USA, formed the largest Bitcoin symbol, setting a Guinness World Record
according to Cointelegraph, a drone formation in Austin, Texas, USA created the largest Bitcoin symbol ever, set by Gemini in the Guinness World Records.
2025-01-01 17:00:00SHARE
500,000 SOL transferred from Bybit to an unknown wallet, worth about $64.426 million
According to Whale Alert monitoring, about 500,000 SOL coins (worth about $64.426 million) were transferred from Bybit exchange to an unknown wallet at 15:09.
2025-01-01 17:00:00SHARE
A whale/institution hoarded 5847.5 ETH, and the average transfer price was $1828
according to ai_9684xtpa monitoring, a certain whale/institution is hoarding ETH. 8 hours ago, they withdrew 5847.5 ETH from Coinbase, worth 10.69 million US dollars, with an average price of 1828. They are now profiting 265,000 US dollars.
2025-01-01 17:00:00SHARE
Billionaire Marc Lasry: Under the impact of Trump's policy uncertainty, the economy may not be able to escape recession
Marc Lasry, co-founder of Avenue Capital Group and billionaire, said that the uncertainty of Donald Trump's policies, especially the tariff policy, is hindering investors who want to take advantage of market opportunities.
2025-01-01 17:00:00SHARE
Gaia core developer Harish Kotra attended the ETHDenver 2025 summit and shared his views on open source LLM
ChainCatcher news, decentralized AI inference project Gaia core developer Harish Kotra recently attended the Eigen Games Hacker House event during ETHDenver 2025 and shared on topics related to running open-source LLM.GaiaNet is a decentralized network that provides secure, censorship-resistant, and monetizable artificial intelligence agents, integrating everyone's proprietary knowledge and skills while protecting privacy. GaiaNet does not establish centralized servers, but instead builds a distributed network of edge computing nodes controlled by individuals and businesses, hosting fine-tuned AI models based on the domain expertise and professional knowledge of node operators.
2025-01-01 17:00:00SHARE
Japan's cabinet meeting finalized the first AI bill, focusing on preventing and controlling the risk of abuse
Japanese government finalized a new law on artificial intelligence (AI) at a cabinet meeting on the 28th. The core content is for the government to investigate the risks of AI in accordance with the law, and to take measures such as providing guidance and advice to relevant companies. The law also stipulates that companies have an obligation to cooperate with national policies. This is the first time Japan has enacted a specific law for AI, aimed at alleviating strong concerns about the misuse of generative AI and promoting the development of enterprises and the use of AI by the public. The law also proposes that if AI leads to damage to the rights of the people, the names of the relevant companies will be made public to strengthen deterrence against human rights violations.
2025-01-01 17:00:00SHARE
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