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 公司宣布过去一周未购买任何比特币，仍持有 762,099 枚比特币，价值超过 515 亿美元。

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.

据 Lookonchain 监测，交易员 EMhzdZ (EMhzdZ...nheGQ) 一年前花费 1.1 枚 SOL 买入 ANIME。今日该代币上涨后，该交易员卖出全部 ANIME 并换回 232.2 枚 SOL，价值 1.95 万美元，获得 211 倍回报。

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. 

据 Arkham 监测，Multicoin 联合创始人 Kyle Samani 将总价值 1000 万美元的 PRIME 循环存入 Kamino Finance，并以此为抵押借入 860 万美元 USDC。他在 USDC 支付 39.4% 的年化收益率，但在 PRIME 获得 56.4% 的年化收益率。Kyle Samani 是 Solana DeFi 资深用户。

中国 AI 行业正从价格战转向模型质量之争，智能体场景下「任务完成率」远比「token 单价」更能决定客户留存。

本文将以专业视角，系统梳理香港 RWA 的演进脉络与主流路径，剖析其中的税务影响与监管逻辑，审视 RWA 融资红利背后的合规风险。

3 月 23 日，“香港–韩国 Web3 政策推动联盟”正式成立。

在CNN播出的一场备受瞩目的采访中，萨姆·班克曼-弗里德的父母现身说法，重新点燃了围绕FTX崩盘的争议——这可能弊大于利，导致萨姆·班克曼-弗里德获得总统特赦的几率进一步跌至个位数。

币安和OKX的最大敌人从来都不是对方，他们甚至可能是彼此的利益共同体。

瑞波（Ripple）首席执行官布拉德·加林豪斯表示，作为降低成本、提高效率的一种手段，稳定币正受到大型企业的关注。他还强调，新的监管规定以及瑞波日益完善的基础设施，将有助于企业更有信心地采用稳定币。

AI token 的计费逻辑，本质上是企业定价；公链 token 的计费逻辑，本质上更接近协议和市场共同定价。

一位Polymarket交易员抓住了绝佳机会，利用UFC重量级锦标赛直播中的一个失误，将676美元的投资变成了67,000美元的大奖，实现了近100倍的回报。

特朗普：“说实话，我最喜欢做的事情就是从伊朗夺取石油，但美国国内一些愚蠢的人却说：‘你为什么要这么做？’但他们是愚蠢的人。”

白宫发布了一款新应用程序，该程序会收集用户的定位信息、个人数据和设备信息。安全专家警告称，该应用程序可能每隔几分钟就追踪一次手机位置，且安全防护措施薄弱，这引发了隐私方面的担忧。