● The Bitcoin halving time is expected to be in April this year, with about 30 days left
According to data from the Binance Bitcoin Halving website, the current block height is less than 30 days away from the Bitcoin halving time.
● The Federal Reserve kept its benchmark interest rate unchanged for the fifth consecutive time
According to Odaily Planet Daily, the Federal Reserve decided to keep the benchmark interest rate unchanged at the range of 5.25%-5.50% for the fifth consecutive time. This decision is in line with market expectations.
● Federal Reserve FOMC statement: Waiting for inflation to fall and confidence to increase
According to Odaily Planet Daily, the Federal Reserve's FOMC statement stated that the Federal Reserve will once again wait for increased confidence in inflation to fall. At the same time, the Fed will continue to reduce its holdings of Treasury bonds and mortgage-backed securities at the same pace. The median forecast for core PCE at the end of 2024 is 2.6%, compared with 2.4% previously.
● SEC delays approval of VanEck spot Ethereum ETF
According to Odaily Planet Daily, the U.S. Securities and Exchange Commission has delayed approval of the VanEck Spot Ethereum ETF. The committee said it would specify a longer period for the process of deciding whether to approve or disapprove proposed rule changes to the listing and trading rules for the VanEck Ethereum ETF.
● Binance CEO meets with Thailand’s Prime Minister to discuss plans to boost the country’s digital asset market
Binance said on
● BNB Chain announces 21 winners of Q1 Hackathon
According to Wu Shuo, BNB Chain announced 21 winners of the Q1 Hackathon. The Top 1 winner is the open source indexing service and API project Greenfield Indexer; the Top 2 winner is the game project LocknPull and PLAYMASK; the Top 3 winner is the social and AI project ai-social.bnb, AICell and DevCoin.
● Montenegro Court of Appeal rejects Do Kwon’s extradition request to South Korea
According to Odaily Planet Daily, Montenegro’s Court of Appeal rejected Terraform Labs founder Do Kwon’s request to extradite him to South Korea. Do Kwon's lawyer, Goran Rodic, said Do Kwon's proposed extradition to the United States is now virtually certain and the decision cannot be further appealed. He added that there was no timetable for when Do Know would be extradited, and a U.S. Justice Department spokesman did not immediately respond to a request for comment.
● QCP Capital: FOMC meeting may affect BTC spot price, but bull market is not over yet
According to Wu Shuo, QCP Capital analysis pointed out that if there is a hawkish surprise at the FOMC meeting on the 21st, it will have a bearish impact on the spot price of BTC. But the bull market is not over yet, we are in the midst of a broad liquidity rotation that will likely push BTC to new highs after the halving. However, given the amount of leverage that remains, the short-term correction is likely to be dramatic.
● 10x Research: Bitcoin price may fall below $60,000 before rebounding
According to Odaily Planet Daily, 10x Research founder Markus Thielen released the latest report explaining why it turned bearish more than 10 days ago. The report says it's too early to buy the dip. A key point for its bearishness is that retail trading sentiment is cooling, reflected in a significant drop in trading volume for altcoins and meme coins. Additionally, the Bitcoin spot ETF saw net outflows for two days in a row. Technically, it still believes Bitcoin will trade below $60,000 before embarking on a more meaningful rebound attempt. Based on previous new high signals, it believes BTC is expected to rebound to $83,000 and $102,000, but is currently more focused on managing downside risks.
