Fed Governor Notes Fading Crypto Euphoria; Chinese Exchanges Tighten Rules; Senators Query UAE Stake in WLFI

Bitunix Analyst: War Delay and Liquidity Contraction Resonance, BTC Stuck in 65K–72K Liquidation Zone

Global market performance looks stable on the surface, but internal imbalances remain. Geopolitical risks still exist. Countries are withdrawing liquidity and stabilizing their domestic currencies through different measures; the inflation logic has shifted somewhat, and a strengthening U.S. dollar reflects liquidity being withdrawn. In the crypto market, BTC is consolidating within a range-bound, choppy zone, with price volatility kept in check. In the short term, it’s necessary to watch for changes in the macro environment to find a trend breakout.

Bitcoin ETF ends seven consecutive days of gains, Bitcoin price pressure reappears.

Recently, after experiencing a net inflow for seven consecutive trading days, the US Bitcoin spot ETF saw a significant outflow, with a net outflow of $163.5 million on the 18th and an additional outflow of $51.9 million on the 19th, indicating a simultaneous weakening of market funds and prices. The price of Bitcoin briefly dropped below $70,000, highlighting that the fund flows into the ETF can no longer support its rebound, and the deteriorating macro environment is putting pressure on risk assets, leading to a noticeable contraction in investor preferences. The testing of the $70,000 threshold has become a barometer for short-term market sentiment.

Former Governor of the People's Bank of China: It is possible to explore cryptocurrencies and blockchain technology, but the key is to adapt to user experience.

Zhou Xiaochuan emphasized at the Boao Forum for Asia that a good payment system needs to adapt to various technologies and regulations, especially in the areas of anti-money laundering and anti-fraud. He pointed out that while digital currencies have applications, they also bring risks of online fraud, calling for cautious treatment of stablecoins and crypto technology to enhance compliance.

Former Governor of the People's Bank of China Zhou Xiaochuan: The key to payment systems is adaptability, and stablecoins bypassing compliance reviews should be approached with caution.

Zhou Xiaochuan emphasized at the Boao Forum that the key to payment systems lies in adaptability, rather than a single technology. He pointed out that while digital currencies are used by central banks, they also contribute to online fraud, and the ability to combat fraud urgently needs improvement. He mentioned that stablecoins bypass compliance issues and called for in-depth consideration rather than blindly following trends.

Bank of Japan rate-hike expectations heat up in April, with economic data showing supply-and-demand resilience supporting policy normalization

On March 27, Gate News reported that the basis for the Bank of Japan to raise interest rates in April has become more robust, as the output gap and price trends indicate economic resilience. Kenji Yamamoto, an economist at Daiwa Securities, pointed out that although inflation may temporarily slow, the underlying price trend remains stable, supporting the normalization process of monetary policy.

Federal Reserve officials: There are currently no ongoing plans to develop a CBDC.

BlockBeats News, March 27 — According to CoinDesk, Federal Reserve legal official Brett Guynn stated that there are currently no ongoing plans to develop a central bank digital currency (CBDC).