Atsushi Mimura: The surge in stablecoins may strengthen the US dollar's position as the key currency

The U.S. Treasury Secretary angrily criticized the FT for "fabricating content" and denied ever supporting a model based on the Bank of England.

U.S. Treasury Secretary Scott Bessent criticized the Financial Times report about his support for a accountability mechanism similar to that of the Bank of England, calling it "a complete fabrication." He emphasized that he had not proposed any related plans and expressed disdain for the Bank of England's communication mechanism. This incident reflects the sensitivity of the U.S. regarding the independence of its monetary policy, and it could impact the cryptocurrency market.

David Sacks Steps Down to Become Co-Chair of PCAST: Is the U.S. Crypto and AI Policy Direction Changing?

David Sacks has concluded his 130-day tenure as the White House's cryptocurrency and artificial intelligence affairs chief and will transition to co-chair of the President's Council of Advisors on Science and Technology, continuing to influence U.S. technology policy. He will focus on advancing a unified regulatory framework for artificial intelligence and engage in policy research across several key areas. This change may affect the future coordination of cryptocurrency and AI regulation.

David Sacks steps down as the Crypto Czar, impacting policy direction, and the fate of the "CLARITY Act" remains uncertain.

The regulatory landscape for cryptocurrency in the U.S. is changing, as David Sacks concludes his term in the Trump administration and transitions to co-chair of the Technology Advisory Council, leading to concerns about the continuity of digital asset policy. The outlook for the CLARITY Act has become uncertain, with the market focusing on future legislative developments and the emergence of new policy leaders.

Bank of Japan: Estimates the natural interest rate to be between -0.9% and +0.5%, requiring a comprehensive assessment of the degree of monetary easing.

Gate News reports that on March 27, the Bank of Japan stated that, according to the latest data, Japan's estimated natural interest rate (the neutral rate that neither stimulates nor suppresses the economy) is between -0.9% and +0.5%. The Bank of Japan pointed out that, given the uncertainty in estimating the natural rate, it is necessary to comprehensively evaluate the degree of monetary easing, while carefully examining the trends in economic activity, prices, and financial developments.

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.