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March 21st Overnight: Federal Reserve Holds Rates, Crypto Developments & Future of Stable Currency B

[Golden Morning News | List of important developments overnight on March 21st]

1. The Federal Reserve decided to keep interest rates unchanged, and the chairman said it may cut interest rates at some point this year;

2. On March 20, the Bitcoin spot ETF had a net outflow of US$500 million;

3. Celsius seeks to recover $2 billion in pre-bankruptcy withdrawals;

4. The U.S. SEC delayed the approval of the VANECK spot Ethereum ETF and launched a legal campaign to classify Ethereum as a security;

5. U.S. lawmakers said that Congress may pass a stable currency bill this year;

6. CryptoPun#7804was sold for over $16 million worth of ETH;

7. Web3 basic layer Mystiko Network completed $18 million in seed round financing;

8. The U.S. SEC’s investigation into the Ethereum Foundation began shortly after ETH was transferred to POS in September 2022. The Ethereum Foundation received a voluntary information request or was related to ETF approval, as well as Coinbase and Binance law enforcement.

The market remains optimistic and pays attention to the development of DeFi, BRC 20 and other fields.

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