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According to market news, TD Cowen stated that more cryptocurrency companies are expected to obtain such permissions this year, following Kraken's approval for a Federal Reserve master account.Kraken Financial has become the first cryptocurrency company approved to access the Federal Reserve's core payment system, with the Kansas City Fed granting it a one-year "limited purpose" account, subject to undisclosed restrictions based on its business model and risk profile. Kraken qualified for the application due to its possession of a special purpose depository institution license in Wyoming, classified as a "Tier 3" entity by regulators.TD Cowen pointed out that although banking organizations have raised objections and may file lawsuits, banks are powerless to prevent such approvals. The Federal Reserve is expected to limit Kraken's credit services, and it may not be able to earn reserve interest. Other cryptocurrency companies with slower application progress may need to wait for the Federal Reserve to finalize a streamlined review framework.

According to The Block, the Federal Reserve has released a Q&A document clarifying that banks should treat tokenized securities according to existing capital rules, emphasizing that the current framework is "technology neutral."The Federal Reserve stated that the technology used to issue or transfer securities (including blockchain technology) will not affect its regulatory capital treatment, and eligible tokenized securities should be treated under the same rules as non-tokenized securities. Tokenized securities that meet the same legal and risk management requirements as traditional securities can be used as financial collateral. The Federal Reserve added that capital rules do not provide differential treatment regardless of whether a permissioned or permissionless chain is used. This move follows the SEC's clarification in January that tokenized securities must still comply with federal securities laws, providing further guidance from regulators on the application of traditional assets on-chain.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until March is 97.3%, while the probability of a 25 basis point rate cut is 2.7%. By April, the cumulative probability of a 25 basis point rate cut is 12.5%, the probability of keeping rates unchanged is 87.3%, and the cumulative probability of a 50 basis point rate cut is 0.3%. By June, the cumulative probability of a 25 basis point rate cut is 30.7%.

According to public data disclosure, Wyoming has purchased shares of the Bitcoin reserve company Strive Inc. (ASST), becoming one of the few U.S. state governments to directly allocate related assets.Documents show that as of December 31, 2025, Wyoming holds 151,595 shares of Strive Class A common stock, valued at approximately $111,000. Strive was co-founded by Vivek Ramaswamy and focuses on a "Bitcoin reserve company" strategy. As of early 2026, it held approximately 13,132 bitcoins, valued at about $946 million at current prices, ranking among the top global corporate Bitcoin holdings. Strive implemented a 1:20 reverse stock split on February 6, 2026, so Wyoming's shareholding was adjusted to approximately 7,580 shares (originally 151,595 shares). This adjustment only changes the number of shares and does not affect the actual value of the holdings. Although the scale of the holdings is relatively small, this move is seen as symbolically significant, reflecting Wyoming's ongoing policy stance in promoting Bitcoin and crypto innovation.Market data shows that Strive's stock price closed at $9.62 on March 4, up 15.49% on that day.

Billionaire venture capitalist Chamath Palihapitiya recently stated that Bitcoin has "structural flaws" that may limit its widespread adoption by governments and central banks.During the World Government Summit, Palihapitiya pointed out that Bitcoin falls short in two key dimensions: privacy and fungibility, making it unsuitable as a central bank reserve asset. He explained that Bitcoin operates on a transparent blockchain, where transaction histories are permanently recorded, which can lead to certain coins being treated differently due to associations with illegal activities, undermining Bitcoin's fungibility. In contrast, gold meets the requirements of sovereign institutions for privacy and fungibility, which is why central banks continue to hold large reserves of gold.Palihapitiya believes that Bitcoin may struggle to achieve a tenfold increase in market value through central bank demand, but he remains optimistic about digital financial innovation, particularly stablecoins.

According to market news, after the Federal Reserve approved the main account application of the cryptocurrency exchange Kraken, U.S. banking organizations expressed strong opposition, warning that this move could allow cryptocurrency institutions to access the central bank's payment system without the same regulatory protections as traditional banks.The Bank Policy Institute stated that it is "deeply concerned," believing that the Kansas City Fed approved the application before the Federal Reserve finalized the framework for a limited-purpose main account policy, and that the approval process lacked transparency. The Independent Community Bankers of America also stated that allowing non-bank entities and cryptocurrency institutions to access main accounts poses risks to the banking system. A Federal Reserve governor mentioned last month that they hope to launch a streamlined account structure later this year.Some participants in the cryptocurrency market believe that Kraken's approval signifies a breakthrough in establishing non-depository banking operations that do not rely on loans. In a previous news report, it was mentioned that Kraken was approved for a "streamlined" Federal Reserve main account, becoming the first cryptocurrency company authorized to access the Federal Reserve's core payment system, Fedwire.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until March is 97.3%, while the probability of a 25 basis point rate cut is 2.7%. By April, the cumulative probability of a 25 basis point rate cut is 12.5%, the probability of keeping rates unchanged is 87.3%, and the cumulative probability of a 50 basis point rate cut is 0.3%. By June, the cumulative probability of a 25 basis point rate cut is 32.1%.

According to Jin Ten, Federal Reserve Governor Milan stated that continuing to cut interest rates is still appropriate, as it is too early to assess the impact of the Middle East war on the U.S. economy. He believes that the events that occurred over the weekend have not changed the forecasts for the labor market or inflation. Despite the surge in oil prices leading investors to lower their expectations for Fed rate cuts in 2026, Milan still believes that the labor market needs more monetary policy support.

According to a report by Businesswire, DDC Enterprise Limited has released its preliminary unaudited financial performance report for 2025, with revenue expected to reach a record high of between $39 million and $41 million.As of the end of 2025, the company held 1,183 bitcoins, which increased to 2,118 by the end of February. Today, it purchased an additional 65 bitcoins, bringing the total holdings to 2,183. The company continues to position bitcoin as a core reserve asset. The final audit report is expected to be released in mid-April.

According to Jinshi reports, Federal Reserve Governor Mester stated that if housing inflation slows as expected, the Federal Reserve may not be able to achieve the 2% inflation target.

According to Jinshi reports, Federal Reserve Governor Mester stated that a one percentage point rate cut this year is appropriate.He believes that the current interest rates are likely one percentage point above the neutral rate and hopes to continue cutting by 0.25 percentage points each time until the Federal Reserve's rate reaches the neutral level, at which point a reassessment will be made.

According to Jinshi reports, Goldman Sachs stated that if the situation in the Middle East quickly de-escalates, the Federal Reserve has room to cut interest rates twice within the year.

Crypto journalist Eleanor Terrett posted on social media that Kraken, the second-largest crypto exchange in the U.S., has just accomplished something no other crypto company has done before—obtaining key access qualifications from the Federal Reserve.Kraken's banking division, Kraken Financial, has received approval from the Kansas City Fed to open a master account with the Federal Reserve. This marks the first time a native crypto company has gained (albeit with limited permissions) direct access to the Federal Reserve's payment system.This approval comes five and a half years after Kraken submitted its application to the Kansas City Fed in October 2020. The account allows Kraken to directly access the Federal Reserve's payment system, but does not include the right to use the Fed's lending tools. The company can hold reserves and settle with central bank funds, but cannot issue loans, use the discount window, or operate as a traditional commercial bank.According to sources, Kraken's approval is seen as a pilot project to test this new model. This decision is historically significant for the crypto industry, which has long been excluded from the traditional banking system, and indicates a shift in the Federal Reserve's stance. This move could trigger a wave of applications from other crypto companies seeking master accounts with the Federal Reserve. Custodia Bank, Anchorage, and Ripple's U.S. banking partner have all applied for master accounts.

According to the Wall Street Journal, Kraken claims it has received approval for a Federal Reserve Master Account, becoming the first cryptocurrency company authorized to access the Federal Reserve's core payment system and directly use the Fedwire interbank payment system.

According to Jinshi, Federal Reserve official Hamak stated that the balance sheet reduction process needs to be gradual to ensure market stability.

According to Jinshi reports, Federal Reserve official Hamak stated that from a policy perspective, the Federal Reserve is in a good position and is expected to maintain interest rates unchanged for a considerable period of time.

According to Jinshi, Federal Reserve's Harker stated that it is crucial to maintain policies that can both drive inflation back to target levels and balance the potential weakness in the labor market.

MARA Holdings Vice President of Investor Relations Robert Samuels posted a clarification, stating that the company has no plans to sell off most of its Bitcoin reserves. Previously, SwanDesk founder Jacob King incorrectly claimed that MARA planned to liquidate its Bitcoin holdings. Samuels indicated that MARA is merely expanding its financial strategy to allow for flexible buying and selling based on market conditions and capital allocation priorities, rather than intending to liquidate reserves.It is reported that MARA currently holds 53,822 Bitcoins, valued at approximately $4.7 billion, making it the largest publicly traded Bitcoin mining company.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until March is 97.4%, and the probability of a 25 basis point rate cut is 2.6%. By April, the cumulative probability of a 25 basis point rate cut is 14.4%, the probability of keeping interest rates unchanged is 85.3%, and the cumulative probability of a 50 basis point rate cut is 0.3%. By June, the cumulative probability of a 25 basis point rate cut is 37.1%.

According to Jinshi reports, Federal Reserve official Kashkari stated that as the shadow of war looms over the outlook, the Federal Reserve can choose to wait and see.