AICoin Daily Report (March 8)

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25 days ago

1. Trump Plans to Develop Stablecoin Legislation Before August

Trump signed an executive order a day before the summit, establishing a strategic Bitcoin reserve and digital asset reserve. Crypto industry giants including Coinbase CEO Brian Armstrong, Kraken co-CEO Arjun Sethi, House Majority Whip Tom Emmer, and Republican lawmakers attended the summit. -Original

2. U.S. Short-Term Interest Rate Futures Bet on Rate Cut in June

Odaily Planet Daily reports that U.S. short-term interest rate futures continue to bet that the Federal Reserve will cut rates in June, expecting a total of three rate cuts by 2025, after Powell stated that the Fed does not need to act urgently. -Original

3. U.S. to Audit Existing Cryptocurrency Holdings

Senior White House officials revealed that after establishing a strategic Bitcoin reserve and a separate cryptocurrency asset reserve, the U.S. will first conduct an audit to determine how much cryptocurrency the government holds. -Original

4. China and the Middle East Consider Bitcoin Purchase Strategies

5. U.S. Congressman Suggests Trump Collaborate with Congress

6. U.S. Secret Service Seizes Russian Cryptocurrency Exchange

Odaily Planet Daily reports that the U.S. Secret Service has seized the website domain of the Russian cryptocurrency exchange Garantex and frozen its assets. -Original

7. Fed's Powell Not in a Rush to Adjust Interest Rates

Odaily Planet Daily reports that Federal Reserve Chairman Powell stated that the Fed does not need to rush to adjust interest rates, as the labor market is robust and overall in a balanced state. Inflation levels are slightly above the 2% target but are gradually approaching that target. There remains high uncertainty regarding the policies of the Trump administration and their economic impact. Some recent inflation expectation surveys and market indicators have risen due to tariffs, while most long-term inflation expectations remain stable and consistent with the 2% target. -Original

8. U.S. Non-Farm Payrolls Increase by 151,000 in February

The U.S. released February non-farm data, showing an increase of 151,000 in employment, below the expected 160,000; the unemployment rate recorded at 4.1%, higher than the expected 4.0%. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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