CoinWorld News reports that the U.S. March CPI year-over-year rate was 3.3%, in line with expectations. Federal Reserve's Daly stated that if geopolitical conflicts ease and oil prices fall, interest rate cuts are "not impossible." Market bets on a single rate cut within the year have increased. In individual stocks, TSMC's Q1 revenue exceeded expectations with a 35% growth, rising over 2% before the market opened; the Hong Kong Monetary Authority issued its first licenses to stablecoin issuers; SpaceX recorded a nearly $5 billion loss last year due to AI expenditures.