Trump: Will Take Measures Against EU’s Retaliatory Tariffs
US President Trump stated that he will respond to the EU’s retaliatory tariffs, noting that there may be initial flexibility, but once action begins, options will become very limited. He emphasized that April 2nd will be a significant day for tariff issues.
US February CPI Rose 0.2% Month-on-Month, Below the Expected 0.3%
US inflation data for February showed signs of cooling, with the unadjusted CPI rising 2.8% year-on-year, the lowest since November last year. The adjusted CPI rose 0.2% month-on-month, the lowest since October last year. Core CPI rose 3.1% year-on-year, the lowest since April 2021, while the adjusted core CPI rose 0.2% month-on-month, the lowest since December last year.
US Bitcoin Bill: To Establish a 1 Million Bitcoin Strategic Reserve
The US is advancing a “Bitcoin Strategic Reserve Act” for 2025, which plans to establish a Bitcoin strategic reserve within five years, aiming to accumulate 1 million Bitcoins without increasing taxpayer burden. The funds for these Bitcoins will come from Federal Reserve profits, gold certificate revaluations, and other budget-neutral methods, ensuring no additional costs to taxpayers.
Despite Declining Active User Ratio, Bitcoin’s Market Dominance Continues to Rise
On-chain analysis by IntoTheBlock shows that Bitcoin’s market share has been steadily increasing since 2022, marking the longest growth period in history. However, despite the strengthening dominance, the number of active Bitcoin users is declining rapidly.
CME Bitcoin Futures Bullish Momentum Weakens After Trump’s Election
The bullish sentiment sparked by Trump’s victory has weakened, with the spread between far-month and near-month CME Bitcoin futures contracts narrowing to $495, the lowest since November 5th. Thomas Erdösi of CF Benchmarks stated that this narrowing reflects traders lowering their investment expectations, indicating that the market has already digested the impact of Trump’s election.
Several Spanish Banks to Launch Cryptocurrency Services
Following Sabadell Bank (BBVA), Spanish banks such as CaixaBank, Kutxabank, and Renta 4 are preparing to launch cryptocurrency-related services. This move aligns with the upcoming EU “Markets in Crypto-Assets Regulation” (MiCA), which provides a regulatory framework for digital assets, enabling traditional banks to legally offer crypto asset custody and sales services.
