ChainCatcher news, HashKey Global will launch PancakeSwap (CAKE), with deposits and withdrawals now open, supporting the BSC network. Spot trading will open on March 21, 2025, at 16:00 (UTC+8). To celebrate the launch of CAKE, HashKey Global is introducing a special reward program for new users. From now until March 28, 2025, at 8:00 (UTC+8), new users who deposit at least 5 CAKE for the first time or complete spot trading of at least 50 USDT equivalent in CAKE will receive a reward of 10 HSK. The total reward pool is 10,000 HSK, available on a first-come, first-served basis until it runs out.

ChainCatcher news, the Federal Reserve decided to keep the policy interest rate unchanged, in line with market expectations. At the same time, it announced a significant slowdown in the pace of balance sheet reduction (QT), easing market liquidity pressures. Powell reassured investors that the risk of recession is low, the U.S. economy remains strong, and the job market is still solid.According to 4E monitoring, the Fed's dovish stance boosted risk assets, with all three major U.S. stock indices rising on Wednesday: the S&P 500 up 1.08%, the Dow up 0.92%, and the Nasdaq up 1.41%. Tech stocks led the gains, with Tesla rising 4.68% and Nvidia up 1.81%.The cryptocurrency market rebounded significantly, with Bitcoin continuing to rise to $87,453 driven by tech stocks, before slightly retreating to $85,866 at the time of writing, a 24-hour increase of 3.6%. Other major tokens also rose collectively, with Ethereum returning above $2,000, while XRP surged over 11% due to the SEC dropping its appeal against Ripple.In the forex commodities sector, the U.S. dollar index soared, but the increase quickly narrowed to 0.21% after the Fed announced its decision to hold steady; U.S. oil closed up 0.39%; spot gold prices hit a historic high during trading for two consecutive days, approaching $3,052 during Powell's press conference.Powell acknowledged at the press conference that Trump's economic policies have brought significant uncertainty to the U.S. economy, but reiterated that the Fed is not in a hurry to adjust monetary policy. The updated dot plot indicates that the Fed will cut interest rates twice this year, consistent with the forecast from December last year. At the same time, the Fed downgraded its economic growth forecast while raising its inflation expectations, showing characteristics of "stagflation."

ChainCatcher message, Federal Reserve Chairman Powell stated at a press conference that the U.S. economy is strong, and slowing the pace of quantitative tightening (QT) is a "technical" decision.Powell mentioned that he is currently assessing economic data, and although recent figures show a slowdown in consumer spending and increased uncertainty for households, he added that this is occurring on the basis of rapid growth in recent years. Powell also stated that the labor market remains solid.

ChainCatcher message, Federal Reserve Chairman Powell: The Federal Reserve has made a technical decision to slow down the pace of balance sheet reduction.

ChainCatcher message, the Federal Reserve FOMC statement shows that Federal Reserve Governor Waller opposed this interest rate decision. He supports keeping the policy rate unchanged but is more inclined to not change the pace of balance sheet reduction.

ChainCatcher news, the Federal Reserve FOMC statement shows that the Federal Reserve will begin to slow the pace of balance sheet reduction starting on April 1.

ChainCatcher news, according to Wall Street Journal reporter and "Fed whisperer" Nick Timiraos, Federal Reserve officials will consider adjusting their $6.8 trillion asset reduction policy. For the past three years, the Fed has been reducing its holdings of U.S. Treasury and mortgage-backed securities accumulated during previous stimulus programs, including measures to stabilize the market during the pandemic in 2020.Currently, the Fed may choose to pause or slow down this tapering process. This move aims to avoid a repeat of the situation in 2019, when balance sheet reduction led to stress in the overnight funding market, forcing the Fed to pivot and expand its holdings.Roberto Perli, the executive in charge of overseeing the balance sheet at the New York Fed, stated this month that pausing the tapering would be a "tactical decision" that "would not change the ultimate goal." RBC Capital Markets interest rate strategist Blake Gwinn pointed out that pausing the tapering makes sense because "the debt ceiling will distort these signals."Currently, the Fed allows up to $25 billion in Treasuries and $35 billion in mortgage-backed securities to mature each month without reinvestment. As holdings decrease, bank reserves also decline. However, the debt ceiling issue could interfere with this process, as the Fed is also the government's banker.Analysts expect that the Fed may pause the tapering for several months until the debt ceiling is raised and the Treasury rebuilds its cash balance before resuming. Gwinn stated that if the economy worsens, this "pause" could also turn into a "stop," prompting officials to terminate this form of policy tightening.

ChainCatcher news, according to official sources, OKX Global Chief Business Officer Lennix has confirmed attendance at the "2025 Hong Kong Web3 Carnival," which will take place on April 6 at the main forum of the Hong Kong Convention and Exhibition Centre, and will participate in the conference roundtable forums on the morning of April 6 and the afternoon of April 7.It is reported that the "2025 Hong Kong Web3 Carnival" is co-hosted by Wanxiang Blockchain Lab and HashKey Group, with W3ME as the organizer. The event will be held from April 6 to 9, 2025, at the Hong Kong Convention and Exhibition Centre. OKX Web3 is the title sponsor of this event and the exclusive NFT ticket issuance partner. By purchasing conference NFT tickets through the OKX Web3 wallet, attendees can enjoy a limited-time 15% discount on ticket purchases, exclusive NFT ticket verification entry channels, and multiple special benefits for ticket holders.

ChainCatcher news, CryptoDep released the global cryptocurrency exchange app download ranking for February, with Binance ranking first, reaching 4.83 million downloads. Following are OKX and Bitget, with downloads of 2.47 million and 1.57 million, respectively.

ChainCatcher news, Jupiter co-founder Meow posted on the X platform that finding the perfect balance between corporate goals and community engagement is indeed very difficult. Due to Jupiter's previous inability to handle this dynamic well, there has been a lot of confusion, anger, and misunderstanding recently, and debates can easily arise between corporate goals and community engagement.Therefore, Jupiter is studying the balance issue between teams/DAOs and will have in-depth discussions in the coming weeks.

ChainCatcher news, Matrixport report reveals that despite the recent weakening of the dollar driving a rebound in global liquidity indicators and a slight improvement in inflation data, the meme coin sector in the cryptocurrency market remains sluggish, showing no signs of recovery.The report points out that the altcoin market peaked in early December 2024 before starting to decline, with the meme coin bubble bursting in January of this year, leading to a decrease in the total market capitalization of the cryptocurrency market from $3.6 trillion to $2.6 trillion.Although the Solana-based Pump.fun platform generated over $582 million in revenue over the past 12 months, recent revenue growth has rapidly declined. The report also mentions that hedge funds closing arbitrage positions are the main driving force behind the recent selling pressure on Bitcoin, and this sell-off may be approaching its maximum intensity.

ChainCatcher news, according to HashKey Global market data, the HSK price has surpassed $0.65, with a 24-hour increase of 20.86%.HashKey Global is a global flagship virtual asset exchange under HashKey Group, providing licensed virtual asset trading services to users worldwide. HashKey Global has obtained a comprehensive license for the Digital Asset Investor Protection System issued by the Bermuda Monetary Authority (BMA), offering mainstream trading and service products such as LaunchPool, contracts, and leverage.