ChainCatcher News, on May 7, the Governor of the People's Bank of China, Pan Gongsheng, announced at a press conference held by the State Council Information Office that the reserve requirement ratio will be lowered by 0.5 percentage points and the policy interest rate will be reduced by 0.1 percentage points.

ChainCatcher news, Federal Reserve Chairman Powell stated that the point to stop reducing the balance sheet size has not yet been reached. The Federal Reserve has slowed down the pace of balance sheet reduction, and the balance sheet size can be gradually reduced without causing turmoil. (Jin Ten)

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that the budget resolution passed by the House of Representatives provides the largest tax cuts and regulatory reductions in history.

ChainCatcher message, Arthur Hayes posted that the current market has entered a "bad mode," where both U.S. stocks and the 10-year Treasury yield are falling simultaneously, reflecting the market's panic about the economic outlook. He emphasized that if the export of dollar earnings decreases, it will lead to a lack of capital inflow into the U.S. market, which cannot support the purchase of Treasury bonds and stocks, signaling that "the game is over."

ChainCatcher news, according to Bloomberg statistics, the United States' announcement of so-called "reciprocal tariffs" has severely impacted the international capital markets. Since the 3rd of this month, the global stock market capitalization has shrunk by $10 trillion, slightly more than half of the EU's GDP.Among them, the U.S. stock market itself has suffered heavy losses, with the total market value of the seven major tech giants in the U.S. evaporating by approximately $1.65 trillion during this period. Notably, Apple, which heavily relies on overseas supply chains for its product manufacturing, has seen its stock price drop nearly 23% over the past four trading days.

ChainCatcher news, according to Ember monitoring, a whale with 57,000 ETH on the verge of liquidation has once again made a strategic reduction, selling 4,055.6 ETH for 5.72 million DAI to repay.Currently, its ETH position is 49,018 ETH, with a liquidation price of $1,418.

ChainCatcher News, a statement submitted by a U.S. Treasury official in a court document indicates that the U.S. Treasury is planning large-scale layoffs in response to the efforts led by Musk's Department of Government Efficiency (DOGE) to reduce the size of the federal workforce.Currently, the Treasury is finalizing its plans to implement the executive order related to the DOGE initiative signed by Trump. According to the court documents, these plans will be tailored to various agencies under the Treasury, and in many cases, will involve significant job cuts through layoffs.

ChainCatcher news, after the Federal Reserve announced a slowdown in tapering, Bitcoin rebounded from below $83,000 and briefly broke through $88,000. Shubh Varma, CEO of the crypto research platform Hyblock Capital, pointed out that the slowdown in tapering may enhance liquidity, benefiting cryptocurrencies and other risk assets. However, concerns over the uncertainty of Trump's tariff policy have been weighing on the stock market and cryptocurrencies. Some analysts believe that technically, BTC may need to dip to $70,000 before it can restart its upward trend. Additionally, the Federal Reserve observation tool from the Chicago Mercantile Exchange shows that the federal funds futures prices reflect an 89.1% probability of at least two rate cuts by the Federal Reserve this year.

ChainCatcher news, according to the official announcement, Sky Governance has approved to lower the Sky savings interest rate to 4.5%, scheduled to be implemented on March 24 at 22:00 (UTC+8).

ChainCatcher news, the Federal Reserve decided to keep the policy interest rate unchanged, in line with market expectations. At the same time, it announced a significant slowdown in the pace of balance sheet reduction (QT), easing market liquidity pressures. Powell reassured investors that the risk of recession is low, the U.S. economy remains strong, and the job market is still solid.According to 4E monitoring, the Fed's dovish stance boosted risk assets, with all three major U.S. stock indices rising on Wednesday: the S&P 500 up 1.08%, the Dow up 0.92%, and the Nasdaq up 1.41%. Tech stocks led the gains, with Tesla rising 4.68% and Nvidia up 1.81%.The cryptocurrency market rebounded significantly, with Bitcoin continuing to rise to $87,453 driven by tech stocks, before slightly retreating to $85,866 at the time of writing, a 24-hour increase of 3.6%. Other major tokens also rose collectively, with Ethereum returning above $2,000, while XRP surged over 11% due to the SEC dropping its appeal against Ripple.In the forex commodities sector, the U.S. dollar index soared, but the increase quickly narrowed to 0.21% after the Fed announced its decision to hold steady; U.S. oil closed up 0.39%; spot gold prices hit a historic high during trading for two consecutive days, approaching $3,052 during Powell's press conference.Powell acknowledged at the press conference that Trump's economic policies have brought significant uncertainty to the U.S. economy, but reiterated that the Fed is not in a hurry to adjust monetary policy. The updated dot plot indicates that the Fed will cut interest rates twice this year, consistent with the forecast from December last year. At the same time, the Fed downgraded its economic growth forecast while raising its inflation expectations, showing characteristics of "stagflation."

ChainCatcher message, Federal Reserve Chairman Powell stated at a press conference that the U.S. economy is strong, and slowing the pace of quantitative tightening (QT) is a "technical" decision.Powell mentioned that he is currently assessing economic data, and although recent figures show a slowdown in consumer spending and increased uncertainty for households, he added that this is occurring on the basis of rapid growth in recent years. Powell also stated that the labor market remains solid.

ChainCatcher message, Federal Reserve Chairman Powell: The Federal Reserve has made a technical decision to slow down the pace of balance sheet reduction.

ChainCatcher message, the Federal Reserve FOMC statement shows that Federal Reserve Governor Waller opposed this interest rate decision. He supports keeping the policy rate unchanged but is more inclined to not change the pace of balance sheet reduction.

ChainCatcher news, the Federal Reserve FOMC statement shows that the Federal Reserve will begin to slow the pace of balance sheet reduction starting on April 1.

ChainCatcher news, according to Wall Street Journal reporter and "Fed whisperer" Nick Timiraos, Federal Reserve officials will consider adjusting their $6.8 trillion asset reduction policy. For the past three years, the Fed has been reducing its holdings of U.S. Treasury and mortgage-backed securities accumulated during previous stimulus programs, including measures to stabilize the market during the pandemic in 2020.Currently, the Fed may choose to pause or slow down this tapering process. This move aims to avoid a repeat of the situation in 2019, when balance sheet reduction led to stress in the overnight funding market, forcing the Fed to pivot and expand its holdings.Roberto Perli, the executive in charge of overseeing the balance sheet at the New York Fed, stated this month that pausing the tapering would be a "tactical decision" that "would not change the ultimate goal." RBC Capital Markets interest rate strategist Blake Gwinn pointed out that pausing the tapering makes sense because "the debt ceiling will distort these signals."Currently, the Fed allows up to $25 billion in Treasuries and $35 billion in mortgage-backed securities to mature each month without reinvestment. As holdings decrease, bank reserves also decline. However, the debt ceiling issue could interfere with this process, as the Fed is also the government's banker.Analysts expect that the Fed may pause the tapering for several months until the debt ceiling is raised and the Treasury rebuilds its cash balance before resuming. Gwinn stated that if the economy worsens, this "pause" could also turn into a "stop," prompting officials to terminate this form of policy tightening.

ChainCatcher news, the latest data shows that the U.S. spot Bitcoin ETFs have reduced their Bitcoin holdings by 4.76% since February 6, 2025. From January 1 to February 6, these funds added approximately 56,802.86 Bitcoins to their balance sheets, but in the past 35 days, the holdings decreased by 55,348.00 Bitcoins.As of March 14, the total value of Bitcoin held by these funds is $93.25 billion, accounting for about 5.6% of the total Bitcoin market capitalization. BlackRock's IBIT solidified its leading position with a net inflow of $39.24 billion and a holding of 568,559.37 Bitcoins. Fidelity's FBTC follows closely in second place, with a total inflow of $11.25 billion and a holding of 194,269.83 Bitcoins. Meanwhile, Grayscale's GBTC, despite recording a net outflow of $22.5 billion, still ranks third with a holding of 193,870.05 Bitcoins.These three giants—IBIT, FBTC, and GBTC—collectively account for 85.26% of the total Bitcoin holdings of 1.121 million Bitcoins across the entire ETF group. Although there are currently 12 spot Bitcoin ETFs operating in the market, a 13th competitor may join the race. On February 14, Osprey Funds submitted its S-1 registration draft for the Osprey Bitcoin Trust (OBTC) to the SEC. As of March 16, 2025, OBTC has not yet received SEC approval, but according to timechainindex.com, the fund has already held approximately 1,934 Bitcoins, valued at up to $16 million.

ChainCatcher news, according to Globenewswire, one of the world's largest cryptocurrency exchange-traded product (ETP) issuers, 21Shares AG, announced a reduction in the management fee of its Bitcoin Ethereum Core ETP (ABBA) to 0.49%, and it will be listed on the Deutsche Börse's Xetra platform.This fee adjustment will take effect on March 12, 2025, aiming to provide a more cost-effective cryptocurrency investment solution for a broader range of investors. The ABBA product is physically backed by Bitcoin and Ethereum, offering investors an efficient way to gain exposure to these two major cryptocurrencies.

ChainCatcher news, according to Jinshi reports, after the release of the non-farm payroll report, U.S. short-term interest rate futures fell. U.S. interest rate futures traders are no longer betting on a rate cut by the Federal Reserve in May. Currently, they are betting on the Fed to resume rate cuts in June, still expecting the Fed to cut rates by about 75 basis points this year.

ChainCatcher news, Sign officially disclosed the principles of the SIGN airdrop on X to provide greater transparency to the community without revealing the snapshot algorithm. Sign also mentioned four criteria for obtaining airdrop-eligible SBTs.The first SBT is Support Warrior: it requires genuine support for the Sign and Orange Dynasty communities, with evaluation criteria including: the frequency of interactions with community members' posts; the quality of interactions with community members' posts; whether interactions are AI-generated (non-AI interactions are preferred); and whether interactions are sincere efforts to build connections.The second SBT is Orange in the Veins: it requires active participation in Orange Dynasty activities, including but not limited to: consistently high-quality participation in Sign's daily Orange Dynasty calendar on the X platform; consistently high-quality participation in Sign's daily tasks on Telegram; and maintaining continuous activity in Sign's Twitter Spaces.The third SBT is Outstanding Content Creation: it requires active and enthusiastic creation and exploration of content, with evaluation criteria including: the level of enthusiasm for creating content; the level of creativity in content creation; the continuity and improvement of the content; and the openness to feedback on others' content.The fourth SBT is Serious Builder: it requires making extraordinary contributions within the Orange Dynasty, with specific evaluation criteria that may vary from person to person.Sign further stated that the previous announcement indicated that each round of airdrops for SBTs would be halved after the first round, but it has now decided to cancel that reduction mechanism and instead increase the quantity and frequency of distributions.