ChainCatcher news, according to Jinshi reports, the Reserve Bank of Australia has lowered the benchmark interest rate by 25 basis points to 3.85%, in line with market expectations.

ChainCatcher news, the six major state-owned banks------Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, and Bank of Communications have all announced today a reduction in the interest rates for multiple terms of RMB deposits, with the three-year and five-year rates both lowered by 25 basis points to 1.25% and 1.3%, respectively.

ChainCatcher news, according to Jinshi reports, Dallas Federal Reserve President Logan stated that the Federal Reserve should consider strengthening mechanisms to more effectively prevent spikes in money market rates when market pressures arise.In a speech prepared for the 2025 Financial Markets Conference at the Atlanta Federal Reserve, Logan reiterated the call to encourage more banks to use the discount window and to centralize operations of the Standing Repo Facility (SRF).Logan also pointed out that the Federal Reserve should focus on broader market rates rather than just the federal funds rate. She said, "In my view, interest rate control is not just about keeping the federal funds rate within the target range."

ChainCatcher news, U.S. President Trump stated that the general consensus in the market is that the Federal Reserve should cut interest rates ------ but "Powell, who is always a step behind," is likely to mess it up again.

ChainCatcher news, MainSky Asset Management Chairman Eckhard Schulte stated that U.S. interest rates remain very restrictive, and he believes the Federal Reserve may not keep up with the situation. "The Federal Reserve should cut interest rates as soon as possible."He noted that although tariffs may lead to rising inflation, this will be a one-time impact. The Federal Reserve may not cut rates in June. "However, this brings a risk that due to its overreaction, it will fall behind the curve." This potential policy misstep represents the highest risk of a recession in the current U.S. economy. The current money market is pricing in a 25 basis point rate cut by the Federal Reserve in September.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated in his opening remarks at the Thomas Laubach Research Conference today that the Federal Reserve is adjusting its overall policy-making framework to address significant changes in inflation and interest rate outlooks following the COVID-19 pandemic in 2020. Powell said, "The economic environment has changed significantly since 2020, and our review will reflect our assessment of these changes.""The Fed's mouthpiece," Wall Street Journal reporter Nick Timiraos pointed out that the Federal Reserve adopted the current framework five years ago and began reviewing it this year, and this review is unlikely to affect the way the Fed currently sets interest rates. Powell hinted that the higher inflation-adjusted rates (i.e., "real rates") that emerged after the COVID-19 pandemic in 2020 may render certain elements of the Fed's current framework no longer applicable.

ChainCatcher news, according to official sources, Cygnus's stablecoin wcgUSD has officially integrated with the DeFi interest rate derivative protocol Pendle. Users can now deposit wcgUSD through the Keep YT mode, minting principal tokens (PT) and yield tokens (YT) with zero price impact, while simultaneously earning base yield, Pendle rewards, and Cygnus points for a triple yield. This solution aims to enhance capital efficiency, allowing users to optimize liquidity allocation while retaining full exposure to the underlying asset's yield.This collaboration is based on a shared vision for the structured yield market. Pendle's interest rate derivative infrastructure combined with Cygnus's composable yield-generating stablecoin layer creates a transparent and modular yield primitive. The two parties plan to explore deeper integration in the future through Pendle's infrastructure and Cygnus's Liquidity Verification System (LVS), including native re-staking of YT assets, modular treasury yield routing, and expanding stablecoin liquidity to applications such as the creator economy.The current integration solution has been launched on the Base chain, and users can participate directly through the Pendle trading market.

ChainCatcher news, crypto detective ZachXBT commented on "Coinbase's plan to offer a $20 million bounty to informants of data ransom incidents," stating, "Over the past few months, I have flagged many of the thefts committed by these threat actors on X and Telegram, but no capable person is interested in this bounty. This bounty is only paid out upon success, and too much time is required upfront without any guarantee of reward."Previously, in February of this year, ZachXBT reported that a review of Coinbase withdrawals found $65 million stolen from Coinbase users between December 2024 and January 2025. This figure may be much lower than the actual amount stolen, as its data is limited to DM and the thefts discovered on-chain.

ChainCatcher news, analysts at Deutsche Bank Research stated in a report that the Federal Reserve may keep the policy rate unchanged before a rate cut in December, and then further ease policy next year. "Our baseline assumption remains that the next rate cut will be in December, followed by two more cuts in the first quarter of 2026, each by 25 basis points."Analysts noted that the easing of tensions between the U.S. and China has reduced the risk of further deterioration in the U.S. labor market, but other tariff measures could keep inflation at disturbingly high levels.

ChainCatcher news, according to Cointelegraph, Google's search volume for Bitcoin has hit a 6-month low, indicating that despite the price increase, retail interest is declining.

ChainCatcher news, Reuters survey: 52% of economists expect the Bank of Japan to raise the benchmark interest rate to at least 0.75% by the end of this year.

ChainCatcher news, according to Jinshi reports, Federal Reserve Vice Chairman Jefferson stated that the current moderately restrictive policy rate is well positioned to respond to changes in economic development.Tariffs may lead to rising inflation, and it remains uncertain whether the impact is temporary or persistent.

ChainCatcher news, according to CoinDesk, despite the slowdown in spot price gains, the open interest (OI) in the futures market for XRP and Dogecoin (DOGE) has significantly increased over the past week, indicating a rise in market speculation sentiment.According to data from on-chain analytics firm Glassnode, the open interest in DOGE futures rose from $989 million to $1.62 billion, an increase of 63.9%; while the open interest in XRP futures grew by 41.6%.Analysis indicates that the divergence between futures positions and price trends may increase the risk of severe market volatility and forced liquidations, and investors should be cautious of potential market corrections.

ChainCatcher news, Barclays economists stated in a report that the Reserve Bank of India may cut interest rates in June, previously expected in August. India's average inflation rate for April to June is expected to be around 3.0%-3.1%, significantly lower than the Reserve Bank of India's forecast of 3.6%, which may prompt a third consecutive rate cut at its June meeting. Although the continuous slowdown in food prices may soon come to an end, overall price pressures remain under control, and May's inflation data may benefit from base effects. Barclays expects an inflation rate of 4.0% for the fiscal year 2025-2026, with downside risks.

ChainCatcher news, the DeFi protocol Sky (formerly MakerDAO) disclosed its Q1 2025 financial report, recording a loss of $5 million, a significant decline from the $31 million profit in Q4 2024. The loss is primarily attributed to the protocol's push for the use of its new stablecoin USDS, which led to a year-on-year surge in interest expenses by 102%. Data shows that the current annualized interest rate for USDS is 4.5%, which is 63.6% higher than the 2.75% of the old DAI. Although the total supply of stablecoins in the protocol grew by 57% this quarter, over $450 million of that came from short-term inflows from third-party protocols like Ethena.Sky co-founder Rune Christensen stated that while the previous 12.5% high-interest policy successfully attracted capital inflows, the protocol still faces profitability pressure after the interest rate was lowered to 4.5%. Market analysis indicates that the compliance advantages of USDS targeting institutional investors have yet to materialize, with current users primarily coming from existing DAI holders.It is worth noting that as Ethena transfers part of its reserves to the BlackRock-supported USDtb, this adjustment may alleviate Sky's interest payment pressure.

ChainCatcher news, according to a report by Coindesk, Sky (formerly MakerDAO) lost $5 million in the first quarter of this year, due to a doubling of interest payments to token holders.This loss stands in stark contrast to the previous quarter, when Sky achieved a profit of $31 million. The 102% increase in interest expenses was primarily due to Sky's decision to drive user adoption of its newly launched stablecoin Sky Dollar (USDS) through higher incentives, replacing the existing DAI.

ChainCatcher news, according to Jinshi reports, U.S. short-term interest rate futures rose after the CPI data was released, as traders increased their expectations for a Federal Reserve rate cut.

ChainCatcher news, according to Jinshi Data reports, the analysis agency Tradingkey stated that the market consensus predicts a year-on-year increase of 2.4% in the overall CPI for April, which is the same as in March. However, among the four main components of the CPI, only food shows an upward momentum, but it only accounts for 13.7% of the total CPI. Therefore, we believe that inflation in April will be lower than the market consensus.This may increase the likelihood of the Federal Reserve restarting the rate cut cycle in June. Therefore, we expect the U.S. stock market to rise after the data is released, while the U.S. dollar index and U.S. Treasury yields will decline.

ChainCatcher news, according to Jinshi reports, JPMorgan stated that the risk of a U.S. economic recession has now fallen below 50%. The Federal Reserve is expected to cut interest rates in December, previously anticipated for September.

ChainCatcher news, according to Jinshi reports, Barclays expects the Federal Reserve to cut interest rates three times in March, June, and September 2026, each by 25 basis points. It is expected that the United States will not fall into recession in the second half of 2025, with previous forecasts indicating a mild recession.