US Stock Market Close: Major Indexes Slightly Down

On March 21, the USDC Treasury burned approximately 50 million USDC on the Ethereum chain about 1 minute ago.

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

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.

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.

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%.