Overview of Important Overnight Developments on March 20

21:00-7:00 Keywords: Federal Reserve, Ripple, Circle, Trump

1. Trump will attend the U.S. Digital Assets Summit;

2. Federal Reserve dot plot: two interest rate cuts expected in 2025;

3. Circle mints approximately 250 million USDC on Solana;

4. Federal Reserve maintains interest rates unchanged, in line with market expectations;

5. Ripple CEO: SEC will drop its appeal against Ripple;

6. Crypto wallet infrastructure company Privy raises $15 million in funding;

7. Federal Reserve significantly lowers 2025 economic growth forecast and raises inflation rate estimates;

8. Powell: The U.S. economy is overall strong, surveys show increasing economic uncertainty.