European Central Bank official: Digital euro network will be ready for use by private payment systems before 2029

4 U.S. Economic Events That Could Shake Bitcoin This Week

Bitcoin hovers around $68,000 amid significant U.S. economic data expected to influence interest rate expectations and market risk appetite. Key indicators like PMI and unemployment claims could signal economic health, impacting Bitcoin's performance based on potential Fed policy adjustments.

Citigroup Slashes Bitcoin and Ethereum 12-Month Price Targets, Citing Stalled U.S. Crypto Legislation Weighing on Upside Catalysts

Citigroup has lowered its 12-month price targets for Bitcoin and Ethereum, signaling a shift toward caution on the cryptocurrency market's medium-term outlook, primarily due to slow progress in U.S. crypto asset legislation. Bitcoin's target was reduced from $143,000 to $112,000, while Ethereum's fell to $3,175. Despite upside potential remaining in the future, the lack of new policy catalysts suggests prices may oscillate within a range in the near term. Citigroup's assessment of Ethereum is more cautious, as it believes the asset is more significantly impacted by on-chain activity.

Goldman Sachs raises US economic recession probability to 30%, expects unemployment rate to rise to 4.6% by year-end

Goldman Sachs expects the probability of a U.S. recession to rise to 30% due to soaring oil and gas prices. The Middle East conflict and tax law effects are impacting the economy, with the unemployment rate forecast increased to 4.6%. GDP growth is projected to be below trend in the second half of this year, oil price forecasts have been raised, and the conflict may drive up global inflation and influence GDP growth.

CME Data: The probability that the Federal Reserve will keep interest rates unchanged in April is 92.8%.

Gate News reported that on March 24, according to CME (Chicago Mercantile Exchange) "FedWatch" data, the probability of the Federal Reserve raising rates by 25 basis points in April is 7.2%, with a 92.8% probability of maintaining the current rate. The probability of the Federal Reserve cumulatively raising rates by 25 basis points through June is 9.1%, with a 0.2% probability of cumulatively raising rates by 50 basis points, and a 90.7% probability of maintaining the current rate.

Circle Urges EU to Accelerate DLT Reforms, Proposes Introduction of Dynamic Threshold Mechanism

Circle submitted feedback to the European Union regarding the "Market Integration Plan," urging the acceleration of digital asset regulatory reforms. While supporting the modernization of capital markets, Circle highlighted that the existing mechanisms impose limitations on liquidity and institutional participation, and recommended implementing dynamic threshold mechanisms along with clarifying the regulatory transition pathway.

Brazil Pauses Crypto Tax Talks Ahead of October Vote

Brazil has postponed its crypto tax consultation to 2027 due to election pressures, despite implementing a 17.5% capital gains tax and classifying stablecoins as foreign exchange. Crypto adoption remains robust, with significant inflows and growth.