Data released by the United States on Thursday showed that the core PCE price index in the fourth quarter was 2.0%, lower than the expected value of 2.1%, lower than the previous value of 2.1%; the one-year inflation in March is expected to be 2.9%, lower than the expected value of 3.1%, lower than the previous value of 3.0 %; inflation indicators fell slightly, gold exceeded 2,222.7 US dollars per ounce, setting another record high; the market rebounded.
Back to topic:
The UK Financial Conduct Authority stated in a statement that any marketing of financial products, including those expressed in emojis, should be fair, clear and not misleading. "Financial influencers" must obtain approval from the FCA's designated representative to produce advertisements and emojis about financial products. A US judge allowed the US Securities and Exchange Commission (SEC) to accuse Coinbase of failing to register as a securities business, and the judge dismissed the SEC's allegations that Coinbase acted as an unregistered broker through Wallet's application. Coinbase Chief Legal Officer paulgrewal.eth said: "Today the court decided that our case with the SEC will continue to advance most of the claims, but dismissed the claims against Coinbase Wallet, and technological innovation will not and cannot involve US securities laws." 21Shares said that its spot BTC ETF (ARKB) has more than $3 billion in assets under management. Bojan Obradovic, HSBC's director of digitalization in Hong Kong, said that HSBC hopes to be part of Hong Kong's development of digital assets and become the first bank in Hong Kong to issue digital currency, and is moving towards the plan. According to RWA xyz data, BlackRock's tokenized investment fund BUIDL received $245 million in inflows within a week of its launch, second only to Franklin Templeton's On-Chain U.S. Money Fund (FOBXX), which has $360 million.
U.S. Treasuries are the gateway to tokenization of real-world assets. Asset management company VSFG and its partner Value Partners have applied to the Securities and Futures Commission (SFC) of Hong Kong for a spot BTC ETF. Bloomberg News said that the Hong Kong Stock Exchange may allow the creation and redemption of physical BTC ETFs in the second quarter of this year. Fidelity submitted an S-1 form for the proposed spot ETH ETF, which includes a pledge function. Larry Fink, chairman of BlackRock, a $10 trillion asset manager, said that he was "pleasantly surprised" by the retail response to the company's spot BTC ETF and was very optimistic about the long-term viability of BTC. He also said that before submitting the application, he would never predict such retail demand, and the large increase in BTC surprised him. BlackRock is creating a more liquid and transparent market, and IBIT is the fastest growing ETF in the history of ETFs." Data released by the U.S. on Thursday showed that the core PCE price index in the fourth quarter was 2%, lower than the expected value of 2.1% and lower than the previous value of 2.1%; the one-year inflation expectation in March was 2.9%, lower than the expected value of 3.1% and lower than the previous value of 3.0%; GDP in the fourth quarter of 2023 was 3.4%, higher than the expected value of 3.2 and higher than the previous value of 3.2%. The inflation index fell slightly, the U.S. stock market opened slightly higher, and the big cake rebounded.
Grayscale report stated: BTC cycle indicators show that the market is in the middle of the bull market, investor interest is still significantly lower than during the 2021 bull market, and the search interest in Google Trends "cryptocurrency" is below 40, significantly lower than 99 in 2021 peak, broader public curiosity about cryptocurrencies may not have fully rebounded yet, and the bull run is set to continue. Bitwise Chief Information Officer Matt Hougan believes that for professional investors, 3% BTC allocation is becoming a new trend, and spot ETFs reduce the downside risk of BTC and release a signal that long-term demand will "last for several years." Goldman Sachs said that the S&P 500 index is still highly valued and the index can continue to rise. When the equal-weighted S&P 500 index shows similar overvaluation, it usually occurs in the subsequent 3-month, 6-month and 12-month periods. Continuing to rise, economic growth will determine returns. (Today’s data shows that the US GDP in the fourth quarter last year was 3.4%, higher than the previous value of 3.2%) The inflation indicator released on Thursday dropped slightly. On Friday, the US released the core PCE price index for February. If the core PCE inflation index is lower than 2.8% (previously) value), then the interest rate cut expectations will be further confirmed, which will be beneficial to the currency market. Today, gold exceeded US$2,222.7 per ounce, setting another record high; in the traditional market, the Chicago Mercantile Exchange (CME) pie futures price rose to US$72,400, continuing to lead the spot price on the market. Spot ETFs have slowed down the sharp declines one after another, and the external environment and traditional markets are becoming favorable. The experience of this bull market is still very good. #BTC🔥🔥🔥🔥
