The Federal Reserve announces it will maintain the benchmark interest rate in the range of 4.25%-4.50%, meeting market expectations.

The pace of balance sheet reduction will slow starting in April (the cap on U.S. Treasury sales will decrease from $25 billion/month to $5 billion/month), and the dot plot suggests two rate cuts in 2025, with Powell stating 'there's no need to rush into action', as the market bets the likelihood of a rate cut in June rises to 64%.

Trump confirms attendance at the New York Digital Assets Summit (DAS) on March 20, planning to announce a 'Strategic Bitcoin Reserve' policy aimed at accumulating assets for the U.S. by hoarding BTC.

The SEC's cryptocurrency working group will hold its first roundtable on March 21 to discuss asset classification and compliance frameworks.

BTC: After breaking $87,000, it fell back to $85,000; ETH: broke $2,000, Gas fees dropped below $0.001 after the Prague upgrade, and DeFi locked assets surpassed $300 billion. The entire network saw $332 million in liquidations in 24 hours, primarily short positions (BTC saw $109 million, ETH saw $87.34 million).

U.S. stocks: The Nasdaq rose 1.41%, Tesla increased by 4%, Coinbase rose by 2%. Crypto concept stocks like MicroStrategy and CleanSpark also saw gains.

A-shares: The Shanghai Composite Index fell slightly by 0.07%, with precious metals (+1.61%) and electricity (+1.62%) leading the rise, while tech stocks faced pressure.

Gold: Spot gold hits a historic high of $3,056 per ounce, with an increase of over 16% this year.

Ethereum: The Prague hard fork optimized EVM efficiency, and Layer 2 Gas fees dropped below $0.001.

Solana: Ecosystem liquidity has increased, with prices rising 6.9% to $134.88, but caution is advised due to selling pressure from on-chain whales.

BNB Chain: Sharding expansion completed, transaction speed reaches 100,000 TPS, and Gas fees drop to $0.0001.

RWA Track: Dubai launches the Middle East's first blockchain real estate tokenization pilot, expected to reach a market size of $16 billion by 2033.

Coinbase's Chief Legal Officer hints at the possible listing of a certain token (or digital token), which could enhance liquidity and global recognition if realized.

Binance launches its first voting event for new tokens, with Trump's policies possibly acting as a catalyst for new projects.

Hong Kong issues new crypto licenses: The Hong Kong Securities and Futures Commission grants the first batch of crypto trading platform licenses to PantherTrade and YAX in 2025, bringing the total number of licensed platforms to seven. Assets allowed for trading include Bitcoin, Ethereum, and two others.

Binance launches new perpetual contracts: Binance announces the gradual launch of six perpetual contracts including TUT/USDT and BID/USDT starting March 20, with a maximum support of 25x leverage, further enriching the derivatives market.

Gotbit founder pleads guilty: Gotbit founder Aleksei Andriunin reaches an agreement with U.S. authorities, admitting to market manipulation charges, and has $23 million in crypto assets confiscated.

Summary: Risks and opportunities coexist: Although the Federal Reserve's shift to easing provides support for the market, concerns about the risk of U.S. economic recession and the 'cyclicality' of the crypto economy raise alarms, and the market needs to be vigilant about short-term volatility.

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