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▌Trump's approval rating hits a new high
The latest poll conducted by NBC shows. 47% of respondents supported the current U.S. President Trump, the highest support rate since he took office. By comparison, Trump's average approval rating during his first presidency in 2019 was 44%. Meanwhile, 51% of respondents have negative views on Trump. 54% of respondents did not recognize their first economic decisions after taking office. 55% of respondents expressed dissatisfaction with the way they deal with inflation. Less than half of respondents believe that the United States is on the right track. 55% of respondents agree with Trump's current immigration, about the same proportion of respondents support the reform, another 25% oppose it, and 18% believe there is no obvious change.
▌Solana Futures has officially launched CME
Solana Futures has officially launched CME. Currently, CME provides new contracts of two sizes: micro contracts covering 25 SOL and large contracts covering 500 SOL. Giovanni Vicioso, global head of cryptocurrency products at CME Group, said, “With Solana Gradually becoming the preferred platform for developers and investors, these new futures contracts will provide a capital-efficient tool to support their investment and hedging strategies. "
Trending on press time, according to Coingecko data, BTC has recently traded at $83,629.85, up and down -0.4% intraday;
ETH has recently traded at $1,918.44, Intraday increase and decline -0.2%;
BNB's latest transaction price is US$627.68, with an intraday increase and decline of +3.9%;
SOL's latest transaction price is US$127.60, with an intraday increase and decline of -1.6%;
DOGE's latest transaction price is US$0.1724, with an intraday increase and decline of +1.67%;
XPR's latest transaction price is US$2.34, with an intraday increase and decline of +0.5%.
▌It is expected that the Federal Reserve will remain unchanged and strengthen data-dependent
General Investments analyst Paul Sanjay said that despite the great uncertainty in the U.S. economic outlook, the Federal Reserve will remain unchanged this week. "The extreme uncertainty triggered by the first new U.S. initiatives bring downside risks to employment and upside risks to inflation," the senior economist said. He said the U.S. economy still shows healthy demand and sustained inflation, which should strengthen the Fed's data-oriented approach. "We believe this will allow the Fed to continue to suspend interest rate cuts at its upcoming Wednesday meeting, which means it will cut interest rates twice this year.
Blockchain application
OKX DEX begins service upgrades and has suspended aggregator trading services
March 17 news,According to official news, due to service upgrades, OKX DEX has suspended aggregator trading service, and related limit orders and cross-chain orders will be automatically cancelled. The specific recovery time depends on the upgrade progress, and we will announce it as soon as possible after recovery. During this period, users can still make transactions by jumping to third-party agreements, and other services of OKX Web3 wallet can still be used normally. Please rest assured that your funds are not affected by any security.
Cryptocurrency
▌Former Vice Governor of the Central Bank: The U.S.-led crypto asset hegemony strategy poses multiple threats to financial security
Golden Finance Report, on February 22, 2025, the academic annual meeting on digital economy development and governance was held at Nankai University. Chen Yulu, former vice president of the People's Bank of China and president of Nankai University, delivered a keynote speech on the topic of "The Rise and Challenge of Cryptocurrencies". Chen Yulu said that the U.S.-led crypto assets hegemony strategy poses multiple threats to my country's financial security. First, capital outflows and exchange rate pressure. The long-term appreciation trend of crypto assets represented by Bitcoin against international currencies such as the US dollar, as well as the rapid expansion of the transaction scale of US dollar stablecoin, has further strengthened the dominance of the US dollar in the global monetary system through cross-border payment convenience and value storage functions, which will undoubtedly squeeze the RMB's valuation and internationalization space. In addition, the US dollar-dominated encryption channel has become a new path for capital flight. In recent years, the wave of large-scale financing of leading American companies in Bitcoin and on-site cryptocurrency ETFs has produced a strong "demonstration effect", which may attract some capital to flow out through gray channels. Second, DeFi regulatory arbitrage has formed cumulative industrial competitive advantages. The relatively loose regulation and taxation of the United States has attracted the inflow of global DeFi innovation resources, and thus gained more full-chain technical dividends from the underlying standards to the application layer. After a long-term accumulation, it will form a competitive advantage over my country's digital financial infrastructure technology in the future. The third is the competition for underlying technical standards and innovation capabilities resources. On the one hand, the United States is currently in a dominant position in innovation in fields such as ZKP and Layer2, and the EU is also gaining the network effect of a unified market after integrating supervision through MiCA, and setting up technical barriers. my country needs to be vigilant and prevent the risk of falling behind the crypto asset industry standard setting. On the other hand, my country is facing pressure to relocate innovation resources in the blockchain industry: the carbon emissions of the EU's crypto industry and tax incentives for mining companies and blockchain venture capital companies have a tendency to transfer to Central Asia, the Middle East and the United States, which is objectively unfavorable to the innovation capabilities and computing power security of the blockchain industry. Fourth, the threat of US crypto assets hegemony. First of all, the United States is accelerating the gradual inclusion of mainstream cryptocurrency assets into its financial hegemony system. Once this trend is established, it will inevitably squeeze the strategic development space of my country in the field of digital finance in the future. Secondly, after the Russian-Ukrainian conflict, the United States, together with the United Kingdom, the UAE and other countries, imposed large-scale long-arm financial sanctions on Russia, institutions and individuals in the field of cryptocurrency, seized and confiscated a large number of cryptocurrency assets, and arrested relevant practitioners. The power of its digital financial hegemony is initially emerging. at lastTrump's promotion of Bitcoin strategic reserve plan and boycott of foreign sovereign digital currencies has also intensified the confrontation between China and the United States in the field of digital currency. Of course, crypto assets represented by Bitcoin have now shown a serious market bubble state, and the continued appreciation is unsustainable. Once the bubble bursts, it will be a huge blow to the US crypto asset hegemony strategy. In this regard, we must maintain a clear understanding and strategic determination, adhere to the value concept of financial services to the real economy, and firmly follow the path of a distinctive financial power.
▌He Yi seeks to pay attention to BNB projects and solicit community opinions
Binance Lianchuang He Yi posted on the X platform to ask the community what BNB projects should I pay attention to. She said: "What projects should I pay attention to? Be serious and build." Previously, YZi Labs announced that it would invest in Plume Network, an aggregation module blockchain focused on the RWA field, aiming to bridge traditional finance and DeFi and promote RWA financialization (RWAfi). The specific investment amount has not been disclosed yet.
▌Ripple applies for custody and wallet trademarks, or expands its crypto custody business
Ripple Labs has submitted a trademark application for "Ripple Custody". According to the application documents, the trademark covers financial services, including the storage and management of crypto assets, to meet financial management needs. The trademark application follows Ripple’s October 2024 launch of the hosting service, indicating that the company is seeking to expand its revenue streams beyond payment settlement. In addition, the trademark application also mentioned "downloadable cryptocurrency, fiat currency, virtual currency and digital currency custody, transmission and storage software", which may mean that Ripple is considering launching an official crypto wallet. Currently, the company has not yet provided an official wallet service, but if launched, the product may support XRP and other digital assets and create new revenue streams through transaction fees. A Ripple spokesperson did not comment on the trademark application.
▌Acting Chairman of the US SEC: It is considering canceling or modifying proposals for investors' asset protection during Biden's term, including cryptocurrencies
The acting chairman of the US Securities and Exchange Commission (SEC) said that adjustments to the monthly reporting rules for portfolio holdings of mutual funds and ETFs are being considered. Considering cancellation or modification of proposals proposed during Biden's term regarding the protection of investors' assets, including cryptocurrencies.
▌Trump appointed Bowman as the new vice chairman of the Federal Reserve's regulation. U.S. President Trump chose Fed's current director Michelle Bowman as the new vice chairman of the Federal Reserve, which Wall Street banks and small lenders welcomed, and they expect Bowman to be more friendly to the industry. "Michelle has been on the Fed's Board of Governors since 2018 and has a wealth of dealing with inflation, regulation and banking," Trump said in a social media post on Monday.expertise.
Important economic trends
▌The probability of the Federal Reserve keeping interest rates unchanged this week is 98%
According to CME's "Feder Observation": The probability of the Federal Reserve keeping interest rates unchanged in March is 98%, and the probability of cutting interest rates by 25 basis points is 2%. The probability of maintaining the current interest rate unchanged by May is 80.3%, the probability of a cumulative interest rate cut of 25 basis points is 19.3%, and the probability of a cumulative interest rate cut of 50 basis points is 0.4%.
Golden Encyclopedia
▌What is a cold wallet?
Cold wallet is a cryptocurrency storage method that stays offline and disconnects from the internet. This setup makes it more difficult for hackers to access funds remotely. Examples include: hardware wallets (such as Ledger, Trezor), paper wallets, isolated computers (devices that have never been connected to the internet).
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
