It’s late at night, and Wall Street elites are on their way to work. Three important news came from the encryption market, which makes people a little impatient. Let’s not go into details and go straight to the topic.

1. The price plummeted by 85% in an instant, and withdrawals are prohibited! This exchange staged a "horrifying scene"

Under extreme market conditions, extreme transactions are often prone to occur. The digital currency exchange BitMEX staged a "horrifying scene": a seller sold more than 400 Bitcoins in a short period of time, triggering a flash crash in the Bitcoin price on the digital currency exchange BitMEX. The lowest transaction price on the exchange was US$8,900 per coin. , a plunge of more than 85% from the latest trading price.

2. Industry celebrities predict that the Ethereum ETF may not receive SEC approval in May

Bloomberg Intelligence analyst James Seyffart said that the possibility of an Ethereum spot ETF being approved in May has become increasingly slim. The U.S. Securities and Exchange Commission (SEC) had previously delayed its decision on the Ethereum spot ETF, but it has until May 23 to make a decision as that is the final approval deadline for one of the applicants.

Currently, there are seven issuers hoping to launch Ethereum ETFs, including BlackRock, Fidelity, Invesco and Galaxy, Grayscale, VanEck, 21Shares and Ark, and Hashdex.

3. The Federal Reserve will announce its latest interest rate decision in the early morning of Thursday (21st) Beijing time. In view of the recent data that continue to show that inflation is picking up, the market has "surrendered" and given up hope of an interest rate cut in March, instead betting that the first interest rate cut will occur at the interest rate meeting in June.

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