ChainCatcher news, according to 4E monitoring, Powell's latest speech warned that the increase in tariffs far exceeds expectations, which may face a dilemma of inflation and economic challenges, suggesting that the Federal Reserve will prioritize controlling inflation and reiterating a wait-and-see stance, denying that it will cut interest rates to rescue the market during a significant market decline. As a result of this hawkish rhetoric, the three major U.S. stock indexes fell sharply, with the Nasdaq plummeting 3.07%, the S&P 500 dropping 2.24%, and the Dow Jones down 1.73%. The seven tech giants all declined, with Nvidia falling nearly 6.9% and Tesla down nearly 5%.The cryptocurrency market performed relatively independently amid the sharp decline in U.S. stocks. Bitcoin briefly dropped sharply after Powell's speech but quickly regained above $84,000, currently reported at $84,227, up 0.8% in 24 hours. Most altcoins rose, but market sentiment remained cautious, with investors wary of potential impacts from the spread of overall economic risks.The foreign exchange and commodity markets experienced increased volatility, with the dollar index widening its decline after Powell's speech, dropping slightly over 1% for the day; the U.S. announced new sanctions targeting Iranian oil exports, causing crude oil to rebound nearly 2% to a nearly two-week high; gold prices maintained an upward trend throughout the day on Wednesday, with spot gold rising nearly 3.5%, setting a new historical record.During the sharp decline in U.S. stocks, Trump repeatedly called for interest rate cuts, and market expectations for an emergency rate cut by the Federal Reserve increased, but Powell's latest speech doused those hopes. The CME FedWatch tool shows that the probability of the Federal Reserve maintaining interest rates in May has risen to 83.2%.

ChainCatcher news, according to The Block, the OM token of the Layer 1 blockchain project MANTRA, which focuses on real-world assets (RWA), dropped by about 10% between 01:20 and 02:20 Beijing time today, and then suddenly plummeted from the then price of $5.21 to about $0.50 (as of the time of this media's report), experiencing a 90% drop in just 90 minutes. Before the project's public Telegram group became inaccessible, community leader Dustin McDaniel downplayed the accusations of team sell-offs, stating that he was not aware of the situation. At 04:51, MANTRA's X account updated that the crash was triggered by reckless liquidations and was unrelated to the project itself. Co-founder John Patrick Mullin mentioned that large OM investors faced massive forced liquidations on CEX and stated that they were addressing the issue.Previously, MANTRA had been accused of controlling a large portion of the token's circulating supply in an attempt to manipulate the token price. In response, Mullin stated, "The OM token has been in circulation since August 2020, longer than most skeptics have been in the crypto space."Some investors pointed out that DeFiLlama data shows the MANTRA protocol's TVL is only about $13 million, while its fully diluted valuation is as high as $9.5 billion, which could be a risk signal. Additionally, Insomniac, the governance lead at Castle Labs, discovered that three wallets recently transferred millions of dollars worth of OM tokens to OKX and Binance, with one wallet receiving about $36 million worth of OM tokens from Binance on March 21 and then transferring about 4.3 million tokens to OKX on Saturday, suggesting a potential sell-off.

ChainCatcher news reports that, according to 4E monitoring, a tariff storm is sweeping the globe, and market panic is spreading, intensifying the sell-off of risk assets. Following a nearly 10% drop last week, U.S. stock futures opened sharply lower on Monday, with S&P 500 and Nasdaq futures at one point falling over 5%. As of the time of writing, the declines have narrowed to 2.39% and 3.17%, respectively, while Dow futures fell 2.42%. The Asia-Pacific stock markets also opened with significant losses, with the Nikkei index plummeting 8.1%, the South Korean KOSPI index dropping 5.14%, and all three major A-share indices falling over 4%. The Hong Kong Hang Seng index opened down 9.28%.The cryptocurrency market also experienced a significant downturn, closely mirroring the performance of U.S. stocks. Bitcoin fluctuated narrowly around $83,000 over the weekend, but began to break through key support levels early Monday morning, hitting a low of $77,100, marking a nearly one-month low. Other major cryptocurrencies also saw sharp declines, with Ethereum dropping 13.5% to $1,580. The total global cryptocurrency market capitalization shrank from $2.4 trillion to $2.16 trillion, a decrease of 10%. The total liquidation amount across the network in the past 24 hours was $886 million. The market is in a state of extreme panic.The commodities market also did not escape unscathed. Spot gold fell below the psychological level of $3,000, hitting a low of $2,971. U.S. oil dropped to $59.80 per barrel, down 12% from last week's high, marking a new low since April 2021.

ChainCatcher news, major Asian stock indices plummeted on Monday as White House officials showed no signs of abandoning their comprehensive tariff plan. Investors bet on rising risks of a U.S. economic recession, with rate cuts possibly starting as early as May. The futures market quickly reflected expectations of nearly five rate cuts of 25 basis points each in the U.S. this year.Sean Callow, senior foreign exchange analyst at ITC Markets in Sydney, stated: "The only real circuit breaker is President Trump's comments, with almost no signs that the market sell-off has troubled him enough to reconsider the policy stance he has held for decades." Previously, investors believed that the loss of trillions of dollars in wealth and the potential devastating impact on the economy would prompt Trump to rethink his plans.

ChainCatcher news, Nasdaq futures plummeted violently, with a decline of 2.4%. (Jin Shi)

ChainCatcher news, according to information from the Hyperliquid official website, HLP TVL has temporarily dropped to $197 million.It is reported that HLP TVL was previously as high as $240 million.

According to ChainCatcher news reported by Cointelegraph, Solana's weekly revenue fell to $4 million last week, down 93% from the peak of $55 million during the Meme coin frenzy in January. Over the past two months, as interest in Meme coins has continued to decline, Solana's network revenue and total value locked (TVL) on-chain have significantly decreased.According to data from DefiLlama, the weekly network revenue of the Solana blockchain reached a historical high of $55.3 million during the peak of the Meme coin minting frenzy in mid-January. However, revenue has since plummeted by 93%, with only $4 million in the past week, returning to the lowest point since September of last year.Solana's weekly decentralized application (DApp) revenue has also dropped significantly, falling from $238 million in mid-January to $32 million in the past week, a decline of about 86%. Meanwhile, Solana's total value locked (TVL) in DeFi has decreased by nearly 50% during the same period, dropping from a January high of over $12 billion to the current approximately $6.4 billion.

ChainCatcher news, Trump's remarks over the weekend about the U.S. economy facing a "transformation period" weakened investors' confidence in a policy shift amid the backdrop of a market crash, exacerbating economic concerns.According to 4E monitoring, on Monday, all three major U.S. stock indices plummeted, with the S&P 500 index falling 2.7%, marking a new closing low since September last year; the Dow Jones dropped 2.08%, erasing gains since the U.S. elections in November; the Nasdaq fell 4%, recording the largest daily drop since September 2022. Major tech stocks all declined, with Tesla closing down over 15%, the largest drop since September 2020, and its stock price halved from its historical high. The combined market value of the seven major tech companies evaporated by over $830 billion on Monday, setting a record for the highest single-day market value loss.The "Black Monday" in U.S. stocks crashed the cryptocurrency market, with Bitcoin hitting a low of $76,600, the lowest in nearly four months, essentially returning to the level when Trump won the election last year. At the time of writing, it has slightly rebounded to $79,125, with a 24-hour decline of about 3.5%. Mainstream altcoins, including ETH and SOL, were also severely affected, with Ethereum dropping below $1,800, marking the lowest since October 2023.In the foreign exchange market, risk aversion pushed the dollar index up slightly, while the oil market faced pressure, with international oil prices falling by 1.5%. Affected by profit-taking and a weakening stock market, spot gold dropped by 0.7%.In the past two months, the uncertainty surrounding Trump's tariff policy has intensified market fears of a U.S. economic recession. An increasing number of viewpoints suggest that to achieve long-term goals of tariffs and reducing government size, Trump may tolerate short-term economic and market difficulties. Currently, the Federal Reserve has entered a quiet period ahead of the March 19 FOMC meeting, and the market cannot gain new policy guidance from officials' statements.

ChainCatcher message, Musk stated in response to a post about Tesla's (TSLA.O) largest single-day drop that everything will be fine in the long run.

ChainCatcher news, according to The Block, the trading volume of the "graduated" Pump.fun token has significantly decreased since the beginning of the year, reflecting both the cooling of the broader market and the evolution of trader sentiment. Daily trading volume has plummeted from a peak of $3 billion in January to about $170 million at the time of writing, a drop of 94%. This decline corresponds with a slowdown in the graduation rate of platform tokens, which has decreased from 1.85% per week to 0.83%, indicating a reduction in the number of new tokens reaching the $100,000 market cap threshold and thus qualifying for an upgrade to Raydium.The shrinkage in trading volume points to a potential fatigue among traders in the Solana meme coin ecosystem. After months of frenzied activity, many participants seem to be weary of the darker aspects of the space. Factors such as scams, dubious influencer promotions, and insider trading groups have led to a general decline in trust towards meme coins.Despite the current market slump, Pump.fun's overall impact has remained significant since its launch on January 19, 2024. In just over seven months, the platform has generated $570 million in revenue.

ChainCatcher news, according to data from IntoTheBlock, since the large-scale liquidation event on February 3, high-risk loans on the Aave mainnet have decreased by nearly $1 billion, and the amount of liquidations has also significantly declined.It is worth noting that the current market volatility is more severe than in February, which theoretically should lead to more borrowers facing forced liquidations, but the actual liquidation amount has decreased significantly. This phenomenon can be partly attributed to previous forced liquidations, but a more important factor may be the overall shift in market sentiment. Many large holders have begun to adopt more cautious strategies, actively deleveraging to reduce risk exposure in response to potential price pressures and market uncertainty.