Lookonchain APP

App Store

Powell: Tightening Monetary Policy Justified if Inflation Persists, Trade Tariffs Are Factor; Policy Shouldn't Tighten If Inflation Fades Naturally

2025.03.20 02:56:11

On March 20th, Federal Reserve Chairman Powell stated that if the recent two months' commodity inflation data remains strong, it is undoubtedly related to tariffs. If inflation subsides on its own, monetary policy should not be tightened. (Oriental Wealth)
Relevant content

Sei Foundation Plans to Acquire 23andMe

On March 28th, according to Sei Foundation's official X account, Sei is contemplating the acquisition of the bankrupt gene testing company 23andMe. It plans to place the genetic data of its more than 15 million users on the blockchain, endowing users with the ownership and control over their own genetic data. Sei stated that genetic data security has turned into a national security matter. Currently, 23andMe is facing severe financial hardships and has filed for Chapter 11 bankruptcy protection this week. Several state attorneys general have advised users to think about deleting their personal data on the platform. If this acquisition proceeds, Sei will safeguard privacy through a blockchain encryption mechanism, enabling users to make autonomous decisions on whether and how to authorize the use and commercialization of their data. Sei referred to this as its "most aggressive decentralized science (DeSci) project."

29 minutes ago

The EU Aims to Counter US Service Exports, Targeting Big Tech Companies

On March 28th, as per the Financial Times, the EU is mulling over retaliating against the US's service exports, encompassing the businesses of large tech companies. This is in response to Trump's imposition of a 25% tariff on the automotive industry, and the EU has pledged to take further action next week. An EU diplomat stated, "Americans believe they hold the upper hand in (the trade war), but we also possess the capacity to do the same." He further added that the ultimate objective is to alleviate tensions through a comprehensive trade agreement. The retaliation might involve restrictions on the intellectual property of large tech companies. Another instance is prohibiting Musk's Starlink satellite network from securing government contracts. Italy is already reexamining whether to make a purchase of the system. (FXStreet)

29 minutes ago

OpenAI Founder: GPU Overload, Will Temporarily Apply Rate Limits to ChatGPT's Image Generation Feature

On March 28th, Sam Altman, the founder of OpenAI, stated that it is really enjoyable to see people having fun using the (generating) image feature in chat. Nevertheless, our GPUs are overburdened. Therefore, while we are working on enhancing efficiency, we will temporarily impose some rate limitations on ChatGPT's image generation feature.

29 minutes ago

The US Government transferred 97.336 BTC 29 minutes ago, equivalent to around $8.46 million.

On March 28th, according to Arkham Data, 29 minutes prior to this time, a U.S. government address transferred 97.336 BTC to an address beginning with bc1q7q, which is equivalent to approximately $8.46 million.

29 minutes ago

Due to Binance listing, TUT experiences a temporary surge of over 177%.

On March 28th, as per market data, influenced by Binance's listing, Tutorial (TUT) witnessed a short-term surge of more than 177% and is now trading at $0.045. Meanwhile, CZ'S Dog (BROCCOLI714) experienced a short-term increase of over 40% and is now trading at $0.072. Earlier reports stated that according to an official announcement, based on the voting results and due diligence, Binance will list Mubarak (MUBARAK), CZ'S Dog (BROCCOLI714), Tutorial (TUT), and Banana For Scale (BANANAS31) on March 28, 2025, at 05:00 (UTC+8).

29 minutes ago

Binance Announces First Batch of Coin Listing Vote Results, to List MUBARAK, BROCCOLI714, TUT, and BANANAS31 with Seed Tags

March 28th. According to an official announcement, based on the voting results and due diligence, Binance will list Mubarak (MUBARAK), CZ'S Dog (BROCCOLI714), Tutorial (TUT), and Banana For Scale (BANANAS31) on March 28th, 2025, at 05:00 (UTC+8). And it will open the following spot trading pairs: MUBARAK/USDT, MUBARAK/USDC, BROCCOLI714/USDT, BROCCOLI714/USDC, TUT/USDT, TUT/USDC, BANANAS31/USDT, BANANAS31/USDC.

29 minutes ago