On March 20th at noon, the market welcomed another wave of dynamics worth paying attention to. Today's news includes both the changing winds of policy and mergers and financing in the capital market, indicating that it is still a day full of turmoil in the crypto market.
First, Trump has taken action again. He publicly called for the Federal Reserve to lower interest rates, and as soon as this statement was made, the market erupted, with everyone speculating whether he was merely making a statement or if he already has a substantive push plan. Meanwhile, there are reports that Trump will deliver a recorded speech at the U.S. Digital Assets Summit, which may further reveal his direction on crypto policy. It seems that this former president's attention to the crypto market remains unabated.
On the other side, the exchange Kraken is planning a big deal. According to insiders, Kraken is considering acquiring the trading platform NinjaTrader for $1.5 billion. If the deal is finalized, it will be a significant consolidation and may bring some new changes to the trading market.
The Uniswap community also made a significant move today. UNI token holders officially approved a new foundation fund of $165.5 million, with one important goal of paving the way for the "fee switch." In other words, Uniswap may make significant adjustments to its fee structure in the future, which could be a signal worth noting for liquidity providers and traders.
In addition, the U.S. Treasury is quietly increasing regulatory efforts. The latest news shows that they plan to expand financial monitoring of cash transactions; however, it is worth noting that this order currently does not apply to cryptocurrency transactions. It seems that the U.S. government is still cautiously exploring how to regulate digital assets.
Finally, Trump's business landscape has also seen new developments. A new SPAC company established by executives from Trump Media & Technology Group is seeking at least $179 million in financing, aiming to acquire crypto-related companies.
Overall, today's market news is still full of highlights. Whether it is policy changes, merger news, or community governance and regulatory dynamics, every movement could impact the market. Next, we might as well continue to pay attention to the development of these events and see how they will affect the future direction of the crypto market.
