Key TakeawaysSenate Banking Committee may hold hearing for Kevin Warsh as soon as week of April 13.Jerome Powell term ends May 15, with transition timeline coming into focus.Warsh has signaled support for policy “regime change”, including rate strategy.Nomination faces opposition from Elizabeth Warren and other lawmakers.Fed Leadership Transition Enters Key PhaseThe U.S. Senate Banking Committee is expected to hold a confirmation hearing for Federal Reserve chair nominee Kevin Warsh as early as the week of April 13, according to reports citing sources familiar with the matter.The timeline remains fluid, pending completion of Warsh’s required filings. However, a mid-April hearing would set a clearer path toward confirmation ahead of the expiration of Jerome Powell’s term on May 15.Powell has indicated he will remain in position until a successor is confirmed.Warsh Signals Shift in Fed Policy ApproachWarsh, a former Federal Reserve governor who served from 2006 to 2011, is expected to advocate for significant changes in monetary policy.He has publicly criticized the Fed’s handling of inflation and rate policy, suggesting a need for a “regime change” in how interest rates and balance sheet management are conducted.His stance indicates a potentially more proactive or restructured approach to monetary policy, which could have implications for interest rates, liquidity conditions, and risk assets including Bitcoin.Political Resistance Builds Around NominationThe nomination is facing resistance from multiple lawmakers.Elizabeth Warren has criticized Warsh’s record, particularly his role during the 2008 financial crisis, and raised concerns over his ties to Wall Street.Separately, Senator Thom Tillis has indicated he may oppose Fed nominations until a Department of Justice investigation into Powell is resolved. The probe relates to costs associated with Federal Reserve building renovations.These developments could complicate or delay the confirmation process.Market Implications: Policy Uncertainty AheadThe potential leadership change comes at a critical time for markets, with investors closely monitoring the Federal Reserve’s stance on inflation, interest rates, and economic growth.A shift in leadership—and potentially in policy direction—could influence expectations around rate cuts or hikes, directly impacting liquidity conditions.For crypto markets, Fed policy remains a key driver. A more hawkish or uncertain policy outlook could pressure risk assets, while clarity on easing or structural changes could support sentiment.

Spain has taken a significant step in distancing itself from the ongoing military operations in Iran by closing its airspace to American flights involved in the conflict. Bloomberg posted on X, highlighting Spain's decision as part of a broader effort to avoid entanglement in the situation. This move reflects Spain's stance on maintaining neutrality and minimizing involvement in the escalating tensions surrounding the military activities in Iran. The closure of airspace is seen as a strategic measure to ensure Spain's non-participation in the conflict, aligning with its foreign policy objectives.

Key TakeawaysEthereum could fall 40% to $1,200 if key support near $1,990 breaks.Repeated “bull trap” patterns previously led to 45%–48% declines.Spot Ethereum ETFs saw ~$300M outflows, signaling weak institutional demand.Whale accumulation remains muted, pointing to continued distribution.Ethereum Price Signals Bearish Breakdown RiskEthereum is showing signs of a potential trend reversal, with analysts warning of a possible drop toward $1,200 in the coming weeks.The current setup mirrors prior “bull trap” patterns where price briefly turned bullish before sharply reversing. In both October 2025 and January 2026, similar signals led to declines of 45% and 48%, raising concerns that history may repeat.The critical level to watch is around $1,990. According to market analysis, this zone has acted as key support following recent attempts to recover. A breakdown below this level could open the path toward the $1,200 range, aligning with a broader bearish continuation structure.Technical Indicators Point to Weak MomentumEthereum’s current structure is based on a Supertrend indicator, a widely used trend-following tool that identifies directional bias.Recent price action shows Ethereum briefly reclaiming bullish territory before failing to sustain momentum—similar to previous failed breakouts. In those instances, once price lost support from the trend indicator, downside accelerated rapidly.In addition, Ethereum has already declined more than 17% from its recent monthly high, suggesting that upward momentum has weakened.ETF Outflows Signal Declining Institutional DemandInstitutional flows are also pointing to caution.Spot Ethereum ETFs have recorded approximately $300 million in net outflows over recent weeks, indicating reduced demand from large investors. This contrasts with earlier phases of the cycle, where ETF inflows helped support price stability.The outflows suggest that institutional participants are either reducing exposure or waiting for clearer market conditions before re-entering.Whale Activity Shows Ongoing DistributionOn-chain data further reinforces the bearish outlook.Large Ethereum holders—wallets holding between 1,000 and 10,000 ETH—have not resumed strong accumulation. Their balances remain below late-2025 highs, with recent changes hovering around neutral to slightly negative levels.Similarly, mid-sized “shark” wallets holding 100 to 1,000 ETH continue to show subdued activity, indicating a lack of broad-based buying across key investor groups.Mega-whale wallets holding over 10,000 ETH have also flattened, suggesting that even the largest participants are not aggressively accumulating at current levels.Macro Headwinds Continue to Pressure Crypto MarketsThe broader macro environment remains a key driver of Ethereum’s price action.Geopolitical tensions in the Middle East, rising oil prices, and increasing recession risks have weakened global risk appetite. At the same time, bond markets are pricing in a prolonged period of higher interest rates, with expectations for Federal Reserve rate cuts pushed further into the future.These factors have historically weighed on crypto markets, which remain sensitive to liquidity conditions and investor sentiment.Mixed Signals: Staking Growth vs Weak DemandDespite the bearish indicators, some supportive factors remain.Ethereum staking continues to grow, reducing circulating supply, while exchange balances have dropped to multi-year lows. These trends typically indicate long-term confidence in the asset.However, apparent demand has fallen to its lowest level in 16 months, offsetting these positive signals and highlighting weak short-term interest.Key Levels to Watch for EthereumEthereum’s near-term direction will largely depend on whether it can hold above the $1,990 support level.Above $1,990: Potential stabilization and range-bound tradingBelow $1,990: Increased probability of a move toward $1,200Macro stabilization + inflows return: Could invalidate bearish setupUntil stronger demand returns, Ethereum appears vulnerable to further downside, with market structure currently defined by distribution, weak inflows, and macro-driven pressure.

Germany's harmonized consumer price index (CPI) for March recorded a preliminary monthly increase of 1.2%, aligning with market expectations, according to Jin10. This figure follows a previous month's rate of 0.40%, indicating a significant rise in consumer prices. The harmonized CPI is a key indicator used to measure inflation and assess price stability within the European Union. The data suggests that inflationary pressures in Germany are consistent with forecasts, reflecting broader economic trends in the region.

Strategy社は、過去1週間ビットコインを一切購入しておらず、依然として762,099枚のビットコインを保有しており、その価値は515億ドルを超えると発表した。

Coin Center Executive Director Peter Van Valkenburgh expressed concern over the lack of progress in Congress regarding the CLARITY bill, seven weeks after Treasury Secretary Scott Bessent's testimony. According to NS3.AI, Van Valkenburgh warned that without the passage of CLARITY, the Department of Justice could continue prosecuting developers of privacy tools under 18 U.S.C. § 1960. Additionally, he noted that the SEC, Treasury, and FinCEN might increase regulatory scrutiny on decentralized networks.

French Finance Minister Roland Lescure announced that a meeting of Group of Seven finance and energy officials is scheduled for Monday. Bloomberg posted on X that the meeting aims to evaluate the economic and financial repercussions stemming from the ongoing conflict in Iran. The discussions will focus on understanding the broader implications for global markets and economies.

Lookonchainのモニタリングによると、トレーダーのEMhzdZ（EMhzdZ...nheGQ）は1年前に1.1 SOLを投じてANIMEを購入した。本日、同トークンの価格が上昇したことを受け、このトレーダーは保有していたANIMEをすべて売却し、232.2 SOL（1万9500ドル相当）に換金、211倍のリターンを得た。

Key TakeawaysCrypto funds recorded $414 million in outflows, ending a 5-week inflow streak.CoinShares links the shift to inflation fears, Fed rate hike expectations, and Iran tensions.Bitcoin saw $194M outflows, Ethereum led with $222M outflows.Spot Bitcoin ETFs posted $296M outflows, reversing a $2.2B inflow trend earlier in March.Crypto investment products saw $414 million in weekly outflows, marking the first reversal in five weeks as rising inflation risks, Federal Reserve policy uncertainty, and escalating Middle East tensions weighed on market sentiment.According to CoinShares, the shift reflects a broader risk-off environment, with investors reducing exposure to digital assets amid expectations that the Fed may delay or reverse rate cuts. Total assets under management fell to $129 billion, returning to levels last seen in early 2025.Bitcoin recorded $194 million in outflows, though it remains positive year-to-date with $964 million in net inflows. Ethereum led losses with $222 million in outflows, pushing its yearly flows to a net loss of $273 million, the weakest among major assets.Altcoins showed mixed flows. Solana saw $12.3 million in outflows, while XRP attracted $15.8 million in inflows, standing out as one of the few assets with positive momentum.Exchange-traded funds mirrored the trend. Spot Bitcoin ETFs posted $296 million in outflows, snapping a four-week inflow streak that brought in over $2.2 billion earlier in the month. Spot Ethereum ETFs extended losses with $206.6 million in outflows for a second consecutive week.The reversal highlights growing sensitivity of crypto markets to macro conditions, particularly oil-driven inflation, Fed rate expectations, and geopolitical risk.Unless macro conditions stabilize, fund flows suggest the market may remain defensive and range-bound, with institutional positioning closely tied to upcoming Fed signals and global developments. 

Arkhamのモニタリングによると、Multicoinの共同創業者であるKyle Samani氏は、総額1,000万ドル相当のPRIMEをKamino Financeに預け入れ、これを担保として860万ドルのUSDCを借り入れた。彼はUSDCで年率39.4%の利回りを支払っているが、PRIMEでは年率56.4%の利回りを得ている。Kyle Samani氏はSolana DeFiのベテランユーザーである。

中国のAI業界は、価格競争からモデルの品質競争へと移行しつつあり、エージェントシナリオにおいては、「タスク達成率」が「トークン単価」よりもはるかに顧客の定着率を左右する要因となっている。

本稿では、専門的な視点から、香港におけるRWAの変遷と主流の展開を体系的に整理し、その税務上の影響と規制の論理を分析するとともに、RWAによる資金調達のメリットの裏にあるコンプライアンス上のリスクについて検証する。

3月23日、「香港・韓国Web3政策推進連合」が正式に発足した。

サム・バンクマン＝フリード氏に対する大統領特赦の可能性は、両親が出演したCNNの注目度の高いインタビューがFTX破綻をめぐる論争に再び火をつけ、かえって悪影響を及ぼした可能性もあることから、一桁台へとさらに低下した。

バイナンスとOKXにとって最大の敵は、決して相手方ではない。むしろ、両社はお互いの利益を共有する関係にあるかもしれない。

リップルのCEO、ブラッド・ガーリングハウス氏は、ステーブルコインがコスト削減と効率化の手段として大企業から注目を集めていると述べた。また同氏は、新たな規制やリップルのインフラ拡充により、企業がより安心してステーブルコインを導入できるようになる可能性があると強調した。

AIトークンの課金ロジックは、本質的には企業による価格設定であるのに対し、パブリックチェーンのトークンの課金ロジックは、本質的にプロトコルと市場による共同価格設定に近い。

Polymarketのあるトレーダーが、UFCヘビー級トーナメントの生中継でのミスを巧みに利用し、絶好のチャンスを掴んで676ドルの投資を6万7000ドルの優勝賞金へと変え、約100倍のリターンを達成した。

トランプ氏：「正直なところ、私が一番やりたいことはイランから石油を奪うことだ。だが、米国内の愚かな連中は『なぜそんなことをするんだ？』と言う。だが、彼らは愚か者だ。」

ホワイトハウスは、ユーザーの位置情報、個人情報、端末情報を収集する新しいアプリを公開した。セキュリティの専門家らは、このアプリが数分おきにスマートフォンを追跡する可能性があり、セキュリティ対策が不十分である恐れがあるとして、プライバシー上の懸念を指摘している。