sieunhando

CPI inflation in February DECREASED to 2.8%, lower than the expectation of 2.9%.

Core CPI inflation DECREASED to 3.1%, lower than the expectation of 3.2%.

This is the first time both overall CPI and core CPI have decreased since July 2024. It alleviates market concerns after several months of CPI stubbornly around 3%.

However, the outlook is not entirely bright. Some sub-indices indicate that inflationary pressure is quietly returning, especially as President Trump's tariff policies may push commodity prices in the U.S. to soar in the coming months. This keeps the market cautious.

The current market expects the FED to have its first interest rate cut this year in June. In the temporary aftermath of the news, U.S. futures indices turned green, and Bitcoin briefly surpassed $84K.
$BTC

🚨 Update on a series of hot macro news

🇺🇸🇨🇦US - Canada Tariffs

The US will not double the tariffs (from 25% to 50%) on steel and aluminum imported from Canada. The reason? The Ontario government has agreed to postpone the 25% tariff on electricity exports to the US (specifically Michigan, New York, and Minnesota).

However, the 25% tariff remains in place for Canadian steel and aluminum, effective from March 12.

This is the latest move in a series of chaotic trade decisions that have pressured the market over the past three weeks.

🇺🇦🇷🇺Ukraine - Russia Conflict

Ukraine has accepted the US proposal for a 30-day ceasefire with Russia in exchange for military aid. This is the result of negotiations on March 11 in Saudi Arabia.

The US wants Russia to also take a similar step towards peace. But so far, according to Viktor Sobolev, Deputy of the Russian State Duma: "Russia will not agree to a 30-day ceasefire because it only allows Ukraine to regroup and rearm. A temporary ceasefire is unacceptable."

Clearly, the US, Ukraine, and Russia are envisioning very different paths to achieve peace. President Trump stated that he would have a phone call with Russian counterpart Vladimir Putin and invite Ukrainian President Zelensky back to the White House after Kiev agrees to the 30-day ceasefire.

This series of news has helped the market recover, with BTC bouncing back to $83K, altcoins slightly up but not significantly🥲

🚀 MicroStrategy prepares to raise $21 billion – Continuing the Bitcoin accumulation strategy!

MicroStrategy has just filed to issue preferred stock with an interest rate of 8%, totaling up to $21 billion. This money will be used for general purposes, including the possibility of purchasing additional Bitcoin.

The filing does not specify a new BTC purchase, but reaffirms MicroStrategy's long-term commitment to Bitcoin.
#MicroStrategy
$BTC

🇨🇳 China's inflation falls below 0% for the first time in 13 months – Deflation weighs on the economy

China announced that the CPI in February decreased by 0.7% compared to the same period last year, marking the first time inflation has entered negative territory since January 2024. The PPI also continued to decline sharply by 2.2%, extending the deflation trend that began in September 2022.

These numbers raise alarm bells for the world's second-largest economy, despite a series of economic stimulus packages implemented over the past year. More concerning, exports – a key growth driver – are facing new pressure from Trump's 20% tax policy.

In light of this situation, Beijing may consider enhancing economic stimulus, negotiating with the U.S. to ease trade tensions, or seeking alternative solutions to stabilize the economy.
#china

🚨 Ethereum Foundation Adds Hsiao-Wei Wang to Board

With the addition of Hsiao-Wei Wang, who was recently appointed Co-CEO, the EF Board now has four seats:

- Aya Miyaguchi (Chair)
- Vitalik Buterin (Founder)
- Patrick Storchenegger (Swiss Legal Advisor)
- Hsiao-Wei Wang (Co-CEO)

The new roles and functions of the board in this restructuring will be updated soon. This is part of the Ethereum Foundation's plan to strengthen technical expertise, improve execution, and connect more closely with the community.

#EthereumFoundation
$ETH

🚨 Binance bans Market Maker of GPS & SHELL

Binance has terminated the operations of the market maker (MM) related to 2 projects GoPlus Security (GPS) and MyShell (SHELL) due to detected misconduct. Specifically:

🔹 Ban this MM from continuing operations on Binance.
🔹 Confiscate profits from the MM to compensate users (detailed plan will be announced later).
🔹 Reiterate regulations with MM: ensure two-way liquidity, maintain stable price spreads & avoid market manipulation.
#CryptoMarketWatch

FIFA considers launching official Crypto

FIFA President Gianni Infantino revealed the idea of launching a token for FIFA to "connect" with 5 billion football fans worldwide during the White House Crypto Conference yesterday.

Mr. Trump was excited: “The value of this coin could surpass even FIFA, becoming an extremely valuable token!”

FIFA is urgently preparing for the 2026 World Cup which will take place next summer in North America. The event is co-hosted by the USA, Canada, and Mexico.

Immediately after the conference, the prices of fake "FIFA" tokens in the market surged a shocking 357,000% in just one day, reaching a market capitalization of $8.2M. However, currently, there is still no official token from FIFA released, okay AE!
#FIFA #TRUMP

Update on the latest customs developments

🇺🇸🇨🇦Trump backtracks and wants to impose a 250% tariff on some Canadian goods
One day after announcing a one-month delay on the 25% tariff on nearly all Canadian goods, Trump again posted accusations that Canada is deceiving American farmers through the USMCA. Specifically, in 2024, Canada imposes exorbitant tariffs on many American products, especially in the dairy sector:
- Milk: Up to 243%
- Butter: Up to 298%
- Cheese: Up to 245%

Trump criticizes Canada for protecting its domestic products while still "benefiting" from trade with the U.S. and claims that the U.S. will impose retaliatory tariffs – possibly as early as today (March 8) or on March 10-11.

This is yet another turning point in the volatile trade policy that seems to change by the hour from the U.S. President.

🇨🇳🇨🇦China retaliates against Canada with a 100% tariff
China has just announced a 100% tariff on some agricultural and food products imported from Canada starting March 20 after Canada imposed tariffs on electric vehicles, steel, and aluminum from China.
#Trump

TRUMP:

- America will follow the rule that every Bitcoin holder knows: "Never sell your Bitcoin".

- The Treasury and Commerce Department will look into purchasing more Bitcoin.

- Calls for legislation on stablecoins before the August break.

This is all information from the decree establishing the reserve fund announced yesterday, nothing surprising.
#TrumpCryptoSummit
$BTC

Summary of the latest speech by FED Chairman Powell:

1️⃣ The Fed is not in a hurry to cut interest rates: The FED will wait for "greater clarity" on the impact of the Trump administration's economic policies before making any adjustments to interest rates.

2️⃣ Uncertainty from new policies: The White House is implementing many major changes in trade, immigration, fiscal policy, and regulation. The FED will monitor the overall impact of these policies on the economy rather than making hasty decisions.

3️⃣ The US economy is in a "good position": Powell has a positive assessment of the economy, stating that the labor market remains "strong" and inflation is approaching the 2% target. However, he acknowledges that the path to reducing inflation is still "bumpy," especially as market sentiment is affected by Trump's tariff proposals.

4️⃣ The jobs report shows a stable labor market: The February report recorded 151,000 new jobs, with the unemployment rate slightly rising to 4.1%. Powell sees this as evidence that the labor market remains "strong."

5️⃣ Inflation remains a risk to monitor: The FED notes that some short-term inflation expectations are rising due to the impact of tariffs. If this trend continues, the FED may have to adjust its policy.

While investors predict that the FED will cut rates three times this year, Powell asserts that the current policy is appropriate and the FED has no specific plans for cuts at this time.
#Fed

🚨 Binance has just announced improvements to its listing mechanism, focusing on budget transparency & emphasizing the role of the community:

1️⃣ Public listing budget

• When a project has a budget for listing, Binance will disclose this information in the listing announcement.
• Tokens from this budget will be distributed to users via airdrop.
• Binance does not charge listing fees.

2️⃣ “Vote to List” & “Vote to Delist” mechanism

• Vote to List: Users can vote for the project they want to be listed. The project receiving the most votes and meeting the qualification standards will be listed on Binance.
• Vote to Delist: Users can vote to delist projects showing negative signs in the Monitoring Zone (slow development, inactive team, lack of transparency…).
• Voting condition: Users need to hold a minimum of 0.01 BNB in their main account.

3️⃣ Alpha TGE on Binance Wallet

• Projects hosting exclusive TGE on Binance Wallet will have direct access to the Alpha Observation Zone.
• Alpha Zone includes new tokens that may have high volatility; Binance will monitor them to assess the potential for official listing.
#Binance

U.S. SECRETARY OF THE TREASURY BESSENT: THE U.S. MUST LEAD THE WORLD IN CRYPTO

WE WILL CONSIDER THE NEXT STEPS FOR PURCHASING BITCOIN

FIRST AND FOREMOST, THE U.S. MUST PREVENT THE SELLING OF BITCOIN

Previously, President Trump issued an executive order requiring the Department of the Treasury and the Department of Commerce to devise strategies to purchase more Bitcoin, provided that it is not funded by tax revenues from the American people.
$BTC

THE WHITE HOUSE CALLS BITCOIN "DIGITAL GOLD" AND SAYS "THERE IS A STRATEGIC ADVANTAGE IN BECOMING ONE OF THE FIRST COUNTRIES TO CREATE A BITCOIN RESERVE."

- With a supply of 21 million $BTC , BTC has scarcity and security - it has never been hacked.
- The White House also mentioned that selling too early caused taxpayers a loss of 17 billion dollars.

This is an excerpt from the statement issued after President Trump established the U.S. Bitcoin reserve.
$BTC

🚨David Sacks: President Trump has signed an Executive Order to create a Strategic Bitcoin Reserve Fund

Summary of Trump's Executive Order:

- The federal government will establish a Bitcoin reserve fund.

- This fund will use the Bitcoin obtained from criminal or civil asset seizures, meaning it will not use taxpayers' money.

- It is estimated that the U.S. government owns about 200,000 BTC, however, a full audit has never been conducted. This order requires a review of all digital assets owned by the federal government.

- The Secretary of the Treasury and the Secretary of Commerce are authorized to develop a strategy to accumulate more Bitcoin without increasing costs to the federal budget, and without using taxpayers' money.

- Additionally, the U.S. Digital Asset Reserve will be established to hold other altcoins besides Bitcoin. This reserve will only contain assets seized in cases and will not purchase any new assets.

#BitcoinPolicyShift

Chairman of AI & Crypto at the White House, David Sacks revealed that over the past 10 years, the U.S. government has sold approximately 195,000 BTC, totaling 366 million USD.

He quickly calculates that if the U.S. had held onto this amount of Bitcoin until now, it would be worth over 17 billion USD. According to him, this is the price that American taxpayers have to bear, simply because the government has no long-term plan for digital assets.
#DavidSacks #AI

#TrumpCongressSpeech

🚨Is Mr. Trump about to backtrack?

The market is experiencing continuous fluctuations due to complex tariff developments:

- Initially, Mr. Trump was determined to maintain the timeline for tariffs on Mexico and Canada after a month of delays for negotiations - The tariffs imposed on Mexico, Canada, and China officially take effect

- Immediately, Canada retaliates - imposing a 25% tariff on $20.7 billion worth of U.S. goods, and after 21 days, continues to impose a 25% tariff on goods worth $86.6 billion

- Nearly four hours later, U.S. Commerce Secretary Lutnick unexpectedly reveals that Trump may soon announce a concession agreement with Canada and Mexico, hinting at reducing the recently imposed 25% tariff

What happens next, AE can look forward to President Trump's speech before the new Congress at 9 a.m. today!

$PNUT short not yet bro

How to view future order notifications like this?

🔥Former Chairman of the US House Financial Services Committee Joins a16z

Patrick McHenry has officially joined the a16z fund as a senior advisor on technology policy.

McHenry is no stranger to AE crypto. While in office, he pushed hard for the Financial Innovation Act to give crypto a clear foothold, even criticizing SEC Chairman Gary Gensler for his ambiguous management style that made it difficult for the crypto industry.

#a16z #PatrickMcHenry

🪙 Ethereum could reach 10 million TPS and billions of USD in revenue daily over the next 10 years

The top "minds" of the Ethereum Foundation held an AMA on Reddit to address all questions about scalability, Layer 1 revenue, and ETH security.

The main highlight is the Pectra upgrade, which helps reduce data costs for Layer 2. Additionally, Ethereum is pushing for native rollups - a solution that allows L2 to integrate directly into L1 rather than just serving as a support role as it currently does, attracting interest from Arbitrum, Base, Optimism, and Scroll.

In response to how Ethereum overcomes the issue of L2 diminishing the value of L1 and ETH, instead of just relying on L2 to burn more ETH, Justin Drake explained in detail the plan to increase sustainable revenue through DA, along with a bold prediction:

In the next 10 years, Ethereum could process 10 million transactions/second (TPS) – equivalent to 100 transactions/day for each user. If each transaction only collects 0.001 USD, the network's revenue could reach 1 billion USD/day.
$ETH