The Federal Reserve has a 96% probability of maintaining interest rates unchanged in March.

Analysis: De-globalization and AI reshaping the macro environment, with crypto assets being sold off as high-beta growth assets

The current market is undergoing a structural reshaping driven by de-globalization and artificial intelligence, resulting in slow trading adjustments. Bitcoin and Ethereum prices are struggling to rebound, indicating a lack of market confidence. Capital is flowing into value sectors, technology stocks are underperforming, and crypto assets are being sold off, facing a critical transition ahead.

The stablecoin legislation is about to be implemented, and mainstream CEX stablecoin revenue could surge up to 7 times

February 24 News, as the United States advances its stablecoin regulatory framework, the "Genius Act" is being viewed by the market as a key policy to reshape the stablecoin industry landscape. Analysts point out that under the push of this act, the stablecoin-related revenue of the United States' largest compliant CEX is expected to grow by 2 to 7 times, and some institutions interpret this as a potential long-term "tenfold" growth logic, making it one of the important narratives in the crypto market by 2026. The act was signed by Trump, with the core goal of establishing a clear compliance system for U.S. stablecoins, including requirements for issuers to hold high-quality liquid assets such as U.S. Treasury bonds in a 1:1 ratio as reserves, and strengthening anti-money laundering and regulatory transparency. This institutional design will significantly reduce compliance uncertainties for stablecoins, increase institutional funding willingness, and promote the expansion of regulated stablecoins in payments, settlements, and on-chain finance.

Federal Reserve plans to eliminate the "Reputation Risk" rule: restrictions on bank accounts for crypto companies may see significant easing

February 24 News, the Federal Reserve announced the launch of a 60-day public consultation, planning to remove the key assessment indicator of "reputational risk" from the banking regulatory framework. This move is seen by the market as an important signal to improve the banking service environment for cryptocurrency companies. If the proposal is approved, banks will no longer face additional regulatory pressure due to subjective reputational concerns when providing accounts and settlement services to digital asset companies, thereby alleviating the long-standing "debanking" issue from an institutional level.

Is the Yen's rebound hopeless? Sanae Takaichi persuades Kazuo Ueda "not to raise interest rates," BOJ may hold steady in March

Japanese Prime Minister Fumio Kishida recently met with Bank of Japan Governor Kazuo Ueda to express concerns about further interest rate hikes, leading to a weakening of the yen. If Kishida's stance is accurate, it will complicate the Bank of Japan's interest rate hike plans. Market reactions will influence global risk assets, especially the cryptocurrency market trends.

Bitunix Analyst: US and Japan May Be Planning Joint Intervention, Rate Cut Expectations Fluctuate Again

Market focus shifts to exchange rates and interest rates. The U.S. Treasury Department has proactively initiated a "currency check" to support the yen, possibly related to uncertainties before the Japanese general election. Meanwhile, divergence in Federal Reserve policy paths and labor market performance will influence rate cut expectations. In the crypto market, BTC prices fluctuate, and attention should be paid to how the macro environment affects liquidity flows.

From the new RWA policy, observe the internal and external circulation of Digital RMB 2.0

The article discusses the significant upgrades in Digital RMB 2.0, transforming it into a deposit currency with interest accrual, while also granting commercial banks operating rights. Policy developments leave room for the tokenization of real-world assets, promoting the application of Digital RMB in both domestic and international circulation. The domestic cycle emphasizes on-chain trading of financial assets, while the international cycle focuses on Hong Kong becoming a core market for Digital RMB, fostering the internationalization of the RMB and the development of stablecoins, laying the foundation for future circulation of Digital RMB.