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

Injective partners with South Korea’s BDACS to introduce KRW1 stablecoin into RWA market settlements.

Injective has signed a memorandum of understanding (MOU) with South Korean digital asset custodian BDACS, with plans to integrate the South Korean won stablecoin KRW1 into Injective’s tokenized asset market and designate it as the exclusive KRW settlement asset for real-world assets (RWA) on the platform. This will allow institutions to directly trade and settle tokenized assets using KRW, reducing reliance on U.S. dollar stablecoins. BDACS noted that KRW1 is fully backed by KRW reserves, with minting and redemption initially limited to approved institutional partners; specific implementation remains subject to regulatory approval. The collaboration comes as South Korea advances its regulatory framework for won stablecoins, with the government targeting completion of legislation related to the Digital Asset Basic Act by the end of 2026. Separately, industry data shows that as of June this year, South Korea’s five largest crypto exchanges have recorded net stablecoin outflows for 18 consecutive months. The global stablecoin market remains dominated by U.S. dollar stablecoins, which account for over 99% of total supply.

5 minutes ago

AMD and Intel have partnered to designate oneDNN as the default open-source library for x86 acceleration in PyTorch.

Intel announced that AMD and Intel have reached an agreement to adopt oneDNN as the default open-source library for x86 acceleration in PyTorch. The collaboration will simplify developers' AI development workflows on x86 CPUs and further optimize AI computing support for related platforms.

5 minutes ago

R3 Co-founder: Banks’ blockchain deployment has shifted from cost reduction to revenue generation, with fixed income and alternative assets set to emerge as new hotspots for tokenization.

Blockchain technology developer R3 co-founder Todd McDonald said on StrataMedia’s Talking Tokens podcast that banks’ approach to blockchain is shifting from early-stage trials to practical commercial applications. Financial institutions are now leveraging blockchain to launch new products and reach new customers, with their core focus moving from cost reduction to revenue generation. McDonald argues open blockchain networks hold greater development advantages, and all markets will eventually transition to on-chain operations. R3, which previously focused on providing private blockchain networks for banks, is now collaborating with the Solana Foundation to build the next-generation Corda as a Solana-based protocol, taking the lead in launching yield vaults that allow investors to deposit stablecoins and earn tokens backed by real-world assets. McDonald also noted that fixed income and alternative assets are poised to become hot segments in the tokenization space over the next year, with growth potential outpacing the currently more mature tokenized U.S. dollars and money market funds. R3 added that its on-chain real-world assets (RWA) have surpassed $10 billion, with its investors including Bank of America, HSBC, Wells Fargo, and Barclays.

5 minutes ago

Coinbase to add support for Axis Labs (AXIS)

Coinbase is adding support for Axis Labs (AXIS). Users can now generate AXIS deposit addresses on coinbase.com, the Coinbase app, and Coinbase Exchange, in regions where trading for the asset is supported. AXIS deposits will not be available until the asset issuer unlocks transfers.

5 minutes ago

Mastercard opens early access to its AI agent autonomous payment system.

Mastercard announced the early access launch of its AI agent payment system, Agent Pay for Machines, and demonstrated live transactions at the Cloudflare Connect conference. The system allows AI agents to autonomously discover services, negotiate transaction terms, and complete payments, all bounded by pre-set human-defined budget caps. Built on the open x402 protocol, when an AI agent accesses a paid service and receives a "402 Payment Required" response, it generates a digitally signed payment token, which is validated by the service provider to grant service access. These tokens can be settled in batches, enabling AI agents to complete multiple transactions rapidly. For the demonstration, a marketing agent planned an ad campaign for a protein bar product, processing 9 payments to two separate merchants under a single budget—no individual account registrations or separate invoice management were required. Coinbase provides wallet services, Base handles on-chain settlement, and BVNK supports fiat or stablecoin payments and settlements via Mastercard’s Global Money Platform. Mastercard will also offer developers buyer and seller APIs, SDKs, and test environments, and has rolled out end-to-end pilots with partners including Cloudflare, AWS, and Coinbase.

5 minutes ago

Ethereum's staked amount has risen to 43.8 million units, hitting an all-time high and accounting for 35.9% of its total supply.

Ethereum's staked ETH has risen to a record high of 43.8 million ETH, accounting for 35.9% of the total ETH supply. Meanwhile, both the staking yield rate and the number of validators have declined.

5 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano