Analyst: Japan's Core Inflation Higher Than Expected Triggers Rate Hike Discussion, May Impact Crypto Market
On March 21st, CoinDesk analyst James Van Straten pointed out that just when the yen panic seemed to be subsiding, the core inflation data released by Japan rose again. The data released on Friday morning showed that Japan's core inflation in February increased by 3% year-on-year, which was lower than January's 3.2% but higher than the market's general expectation of 2.9%. At the same time, the overall Consumer Price Index (CPI) dropped from 4% to 3.7%.
Overall, these two indicators still remain significantly above the Bank of Japan's 2% inflation target, confirming Governor Haruhiko Kuroda's assessment that Japan is finally breaking free from decades of deflation. It is worth noting that since November last year, Japan's overall inflation rate has been higher than that of the United States, currently exceeding by nearly 100 basis points (bps).
The persistent high inflation, coupled with wage increases, has further fueled market calls for a Bank of Japan interest rate hike. In other
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The United States Agency for International Development is leveraging blockchain technology to track fund flows and enhance funding transparency.
On March 21st, as per The Block, the U.S. Agency for International Development (USAID) might adopt blockchain technology to monitor fund flows as a part of a more transparent procurement procedure. This proposal was put forward by officials within the Trump administration with the intention of reforming and rebranding the agency.
According to Politico, a document circulating within the U.S. State Department, which was obtained and claimed by Politico, mentions in a section dedicated to creating a "modern, performance-based procurement" process that "all fund allocations will be securely stored and tracked via blockchain technology to notably enhance security, transparency, and traceability." However, it is currently uncertain how the system will operate specifically, and it is also unclear which kind of blockchain technology will be employed - whether it is a public chain, a private chain, or a hybrid model.
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BSC Ecosystem DEX has reached a trading volume of $1.999 billion in the last 24 hours, ranking first
On March 21st, according to DeFiLlama data, the DEX in the BSC ecosystem achieved a trading volume of $19.99 billion within the past 24 hours. This surpassed Ethereum's $17.15 billion and took the top position. Among them, PancakeSwap's trading volume on the BSC network during the past 24 hours reached $18.67 billion.
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Pre-market: Crypto Stocks and Tech Stocks Down, MicroStrategy Down 0.92%
On March 21st, based on market data, pre-market trading indicates a general decline in cryptocurrency stocks and tech stocks in the US. These include:
Coinbase (COIN) with a decrease of 0.93%;
Tesla (TSLA) down by 0.71%;
MicroStrategy (MSTR) down 0.92%;
MARA Holdings (MARA) with a decrease of 0.48%;
Riot Blockchain (RIOT) down 0.26%;
Hut 8 Mining Corp. (HUT) down 1.08%.
US Tech Stocks:
Microsoft (MSFT) down 0.5%;
Apple (AAPL) down 0.98%;
Google (GOOG) down 0.56%;
NVIDIA (NVDA) down 0.97%;
Meta Platforms (META) down 0.16%;
Amazon (AMZN) down 0.38%.
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MEXC Launches Bubb (BUBB) Airdrop+ Event with a Total Prize Pool of 140,000 USDT
On March 21, according to official information, MEXC has initiated the Bubb (BUBB) Airdrop+ event with a total prize pool of 140,000 USDT. Event duration: from March 21, 2025, 18:00 to March 28, 2025, 18:00 (UTC+8).
Before this, BUBB was first launched on March 20 on MEXC's Meme+ trading zone and futures trading, and its flash swap feature will be enabled at 20:00 (UTC+8) on March 21.
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Intensifying Long-Short Game, Options Market Still Betting on $100K End-of-June Target
March 21st. According to CoinDesk, the cryptocurrency market initially witnessed a short-lived euphoria and then underwent profit-taking following the FOMC meeting of the Federal Reserve. Bitcoin dropped from a peak of $86,000 to below $84,000, experiencing a more than 3% decrease within 24 hours. Ethereum also fell below the $2,000 psychological level. Despite the overall market pressure, options traders remain optimistic about the mid-term outlook. The probability of Bitcoin surpassing $100,000 by the end of June increased from 20% to nearly 30% within 24 hours.
The Federal Reserve maintained the interest rate unchanged and announced the tapering of quantitative tightening (QT) in April, which was interpreted as an implicit signal of easing, driving Bitcoin briefly above $85,000. BNB demonstrated resilience with an 8% weekly increase, while the weekly gain of XRP narrowed to 4.8%. The options market showed a divergence. Ethereum call options accounted for 60%, indicating a rise in t
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