Lookonchain APP

App Store

4E: US Stock and Crypto Markets Rebound, Focus This Week on US February PCE Price Index

2025.03.24 11:00:34

March 24th. Based on 4E monitoring, during the past week, the dovish remarks from the Federal Reserve and President Trump's statement regarding flexibility in the tariff plan successively boosted stock market confidence. After significant fluctuations, the three major indices closed up collectively for the week: the Dow increased by 1.2%, marking the largest weekly gain in more than two months; the S&P 500 rose by 0.51%, ending a four-week losing streak; the Nasdaq rose slightly by 0.17%, halting the previous four-week decline. However, large-cap tech stocks generally closed the week in a lower position, with Nvidia down by 3.26%, Tesla down by 0.53%, and experiencing a consecutive nine-week decline. The cryptocurrency market witnessed fluctuations but overall showed a mild upward trend. Bitcoin dipped below $81,000 on Tuesday and then rebounded. It surged above $87,000 on Thursday following the dovish comments from the Fed and hit a two-week high. After that, it oscillated around the $84,000 level. This morning, it experienced another rapid increase and was trading at $85,721 before the deadline, with a 3.18% increase in the past 7 days. Other major altcoins saw slight gains, with Ethereum striving to hold above $2,000, and the on-chain meme trend of BNB continued to attract attention. Signs of a market recovery are emerging, and investor sentiment is improving. In the commodities market, the US dollar index rose by 0.34% for the week, marking its first weekly gain this month. Tensions between Russia and Ukraine and in the Middle East continued to escalate, resulting in a more than 2% increase in crude oil prices for two consecutive weeks. Spot gold rose by 1.31% last week, extending a three-week upward trend. Last week, the Federal Reserve maintained interest rates unchanged, in line with market expectations, with the guidance for two rate cuts still in place for the year. Powell's remarks also brought some comfort to the market. This week, the focus is on the release of the Fed's preferred inflation measure - the PCE Price Index on Friday. Additionally, as the April 2nd "tariff deadline" approaches, market caution remains due to uncertainty. However, once the tariff outlook becomes clearer, the ongoing market turbulence of recent weeks may start to subside. As a financial trading platform that supports cryptocurrency, stock indices, commodities such as gold, and forex assets, eeee.com recently launched a USDT stablecoin financial product with an 8% annualized return, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate your assets rationally.
Relevant content

Ethereum surpasses $2,500, with a 1.6% gain in the last 24 hours.

According to HTX market data, Ethereum has surged past $2,500, posting a 1.6% gain over the past 24 hours.

7 minutes ago

US Treasury may deploy nearly $1 trillion to fund the expansion of its US Treasury bond repurchase program.

A senior U.S. Treasury official said the U.S. Treasury may draw funds from its General Account (TGA) — nearly $1 trillion — to fund the recently announced expansion of its U.S. Treasury bond repurchase program. Using the TGA would give the Treasury a powerful tool to influence long-term bond yields. Last week, the U.S. Treasury announced it would double the repurchase size of long-term non-newly issued bonds, raising it from $2 billion to at least $4 billion, a move that surprised markets. Treasury Secretary Scott Bessent said the actual operational size could even exceed this new minimum threshold. However, the Treasury did not disclose the source of the repurchase funds. Most market participants had previously expected the Treasury to raise funds by issuing short-term Treasury bills, though the senior official did not rule out this option. According to market data from BIT (bit.com), U.S. Treasuries extended their rally, with the 10-year Treasury yield falling 4 basis points to 4.70%.

7 minutes ago

Serenity remains heavily invested in AAOI, but the timing of its $600 million at-the-market offering is unfavorable. Production constraints and demand visibility underpin its holding stance.

Serenity remains bullish on optical communications stock Applied Optoelectronics (AAOI) but criticized the company’s at-the-market (ATM) equity financing. “We dislike AAOI’s over-reliance on ATM offerings, a principle that applied equally to IREN and POET before, and we will not treat AAOI differently,” the firm stated. Its sharpest criticism centers on timing: the roughly $600 million ATM should have been launched after the completion of 1.6T optical module qualification, a milestone expected in the coming weeks, or structured as convertible bonds priced above market value. Instead, the company rolled out the offering after its share price dropped from $220 to $130, and every subsequent use of the ATM will trigger short-term structural selling pressure and sustained stock price suppression. Serenity explained its core rationale for maintaining a heavy position in AAOI: the firm faces capacity constraints while demand visibility is very high, making AAOI more attractive than POET. “Investors can hold AAOI’s stock long-term without supporting every business decision of its management,” it said. “You can absolutely criticize the management’s financing pace while still holding its stock based on the supply-demand structure.” AAOI reported 86% year-on-year revenue growth in the second quarter, beating expectations, but its third-quarter guidance was weak. The latest ATM offering has further amplified market concerns over short-term valuation and liquidity.

7 minutes ago

Pakistan has rolled out its cryptocurrency regulatory framework, mandating digital asset firms to complete registration by September 5.

Pakistan’s Virtual Assets Regulatory Authority (PVARA) has announced the official launch of the country’s cryptocurrency regulatory regime. Digital asset companies must submit applications for No Objection Certificates (NOCs) by the September 5 deadline, or cease operations. PVARA noted that licensed entities must comply with strict operational and security standards, including safeguarding client funds, maintaining robust cybersecurity, providing clear disclosures, and upholding transparent business practices. The licensing rules under Pakistan’s Virtual Assets Act 2026 cover 11 crypto-related activities, including custody, trading platforms, brokerage dealers, and derivatives. Earlier, Pakistan’s State Bank lifted the ban on financial institutions providing banking services to crypto firms in April, though banks themselves remain prohibited from investing in, trading, or holding crypto assets. Pakistan had long adopted a restrictive stance on cryptocurrencies; the establishment of this regulatory framework signals a policy shift from restriction to regulation, aiming to integrate the crypto industry into the formal financial system within anti-money laundering (AML) and consumer protection frameworks.

7 minutes ago

Germany Seizes Early Lead in EU’s Unified Crypto Regulation: 6 Partner Banks Added to Crypto Service Provider Roster, Its 79 CASPs Far Outnumber Those of France and the Netherlands

The European Securities and Markets Authority (ESMA) today updated its MiCA (Markets in Crypto-Assets) register of crypto asset service providers (CASPs), bringing the total number of EU-authorized CASPs to 331. All six new additions are German cooperative banks, including Raiffeisenbank Aidlingen, Ihre Volksbank, VR-Bank Mittelfranken Mitte, Volksbank Euskirchen, VR Bank Ried-überwald, and Volksbank Backnang. Germany remains the EU leader with 79 CASPs, far outpacing France (35) and the Netherlands (29). Since Germany first took the lead in the EU with 57 CASPs at the end of June, the number of authorizations has continued to rise rapidly. Germany’s Federal Financial Supervisory Authority (BaFin) previously explained that its leading MiCA authorization count stems mainly from its large financial sector and numerous credit institutions eligible to offer crypto services. Germany’s existing national licensing regime also played a key role during the transition period, as some CASPs obtained authorizations via streamlined processes, driving a significantly faster rollout than other EU member states. No changes were made to asset reference tokens (ARTs), electronic money tokens (EMTs), or the non-compliant entities list in this update: the ART register remains empty, EMTs stand at 43, and the non-compliant entities list stays at 167. Under the EU’s unified crypto regulatory framework, Germany is seizing an early-mover advantage in compliance.

7 minutes ago

QCP: Increases in long-dated US Treasury repos and ETF capital inflows are jointly driving market strength, with this week’s focus turning to three major macro variables.

QCP Capital’s market commentary notes that Bitcoin posted its strongest weekly performance since March 2024 last week, surging over 20% and hitting roughly $79,500 at one point. This rally coincided with sharp shifts in interest rate markets: the U.S. 30-year Treasury yield briefly neared its 2007 high of 5.3%, after which the U.S. Treasury Department announced it would raise the size of its long-end liquidity support repo operations from a maximum of $2 billion per operation to at least $4 billion starting September 9. Long-end yields pulled back in response, the U.S. dollar weakened, and Bitcoin rose in lockstep with gold. Position adjustments accelerated the initial breakout, while spot market participation continued to strengthen. U.S. spot Bitcoin and Ethereum ETFs together drew around $2.6 billion in net inflows last week, marking their strongest single-week inflow since October 2025. This week, market focus has shifted to three macro variables: PCE inflation data, NVIDIA’s earnings (a signal for the AI investment cycle), and Federal Reserve Chair Waller’s first keynote speech at Jackson Hole (a signal for the monetary policy framework). Waller will deliver his speech at 10 PM ET on Friday, while July PCE data and the second estimate of Q2 GDP will be released on Wednesday. QCP concluded that last week’s market moves were driven primarily by position adjustments and U.S. Treasury market dynamics, and whether this week’s data can offer clearer guidance on the macro backdrop will be the market’s core focus.

7 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano