European Central Bank President considers early resignation, digital euro prospects draw attention

Citigroup Slashes Bitcoin and Ethereum 12-Month Price Targets, Citing Stalled U.S. Crypto Legislation Weighing on Upside Catalysts

Citigroup has lowered its 12-month price targets for Bitcoin and Ethereum, signaling a shift toward caution on the cryptocurrency market's medium-term outlook, primarily due to slow progress in U.S. crypto asset legislation. Bitcoin's target was reduced from $143,000 to $112,000, while Ethereum's fell to $3,175. Despite upside potential remaining in the future, the lack of new policy catalysts suggests prices may oscillate within a range in the near term. Citigroup's assessment of Ethereum is more cautious, as it believes the asset is more significantly impacted by on-chain activity.

Federal Reserve Governor Barr: Interest Rates May Need to Remain Stable for Some Time to Address Inflation Pressures

On March 25, Federal Reserve Governor Barr indicated that interest rates may need to remain stable to address inflation above the 2% target. He supported last week's decision to hold rates steady, stating that the Middle East situation and rising oil prices have increased economic uncertainty and heightened inflation risks.

Today's CME "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in April is 90.7%.

Gate News Report: On March 25, CME "FedWatch" data showed that the probability of the Federal Reserve raising rates by 25 basis points in April is 9.3%, while the probability of maintaining rates unchanged is 90.7%. The probability of the Federal Reserve cumulatively raising rates by 25 basis points through June is 17.1%, with a probability of 80.2% for maintaining rates unchanged.

The probability of the Federal Reserve maintaining interest rates unchanged in April is 90.7%

Jinse Finance reported that on March 25, according to CME "FedWatch": the probability of the Federal Reserve raising interest rates by 25 basis points in April is 9.3%, while the probability of keeping rates unchanged is 90.7%. The probability of the Federal Reserve cumulatively raising interest rates by 25 basis points by June is 17.1%, with an 80.2% chance of rates remaining unchanged.

U.S. Department of Justice Acknowledges Lack of Evidence in Investigation of Federal Reserve Chairman Powell

Gate News reported on March 24 that, according to the Washington Post, court records show that a senior deputy of U.S. Department of Justice official Jennie Pirro admitted during a closed-door hearing this month that the Department of Justice does not have evidence of misconduct in its criminal investigation into Federal Reserve Chairman Powell regarding renovation costs of the Federal Reserve building.

BNY Mellon CEO: Banks Won't Be Replaced by DeFi, Rather They Are the Key Bridge for the Next Phase of Crypto Adoption

BNY Mellon Chief Executive Robin Vince noted that the future adoption of cryptocurrency will depend on large traditional financial institutions, expressing opposition to claims that DeFi will replace banks. He emphasized that large banks' customer bases and infrastructure are key to driving tokenization, and called for clear regulations to promote digital asset adoption. This financial transformation is expected to take 5 to 15 years and will require collaborative efforts from all parties.