The probability that the Federal Reserve will keep interest rates unchanged in March is 92.1%

US SEC and CFTC Join Forces to Release Major Guidance, Clarifying the Securities vs. Non-Securities Boundary for Crypto Assets

The U.S. Securities and Exchange Commission (SEC) released a 68-page document that systematically explains the applicability of federal securities laws to specific crypto assets, categorizing them into digital commodities, collectibles, utilities, stablecoins, and digital securities. The SEC emphasized that crypto assets are not necessarily securities and must be determined based on the definition of "investment contracts," while coordinating regulatory oversight with the Commodity Futures Trading Commission (CFTC) to establish clear market standards.

Bitcoin Faces Obstacle at $75,000: Federal Reserve Meeting and Middle East Situation May Become Key Turning Points

Bitcoin's upward momentum weakened after touching $75,000, with market concerns about a near-term peak. Despite continued institutional accumulation pushing total open interest to $58 billion, prices face pressure from macro uncertainty. Bitcoin ETF inflows exceeding $1.5 billion support the price. Market focus remains on the Federal Reserve meeting and geopolitical situation, which may impact near-term trends.

European Stock Markets Set to Open Higher: Fed Rate Decision and Oil Price Volatility in Focus

European stock markets are expected to open broadly higher, as investors focus on the upcoming Federal Reserve interest rate decision. International oil prices have temporarily declined due to rising inventories, and geopolitical uncertainties are increasing. The market generally anticipates that the Federal Reserve will keep interest rates unchanged, while EU inflation data and rate decisions from multiple central banks will influence global market fluctuations.

Mediolanum Institution: Fed This Week's Meeting May Emphasize Dual Risks of Inflation and Employment

Daniel Ravnetti, Head of Fixed Income at Mediolanum International Fund Management, stated that the market has already priced in the Federal Reserve maintaining interest rates unchanged at the meeting. Recent economic data indicates slowing inflation and a deteriorating labor market. The Federal Reserve is expected to communicate a cautious stance, potentially mentioning war risks and increasing two-sided language.

SEC and CFTC release new regulatory framework, raising challenges to the legislative necessity of the CLARITY Act

The U.S. SEC and CFTC jointly released a cryptocurrency asset regulatory framework proposing five categories of token classifications, clarifying regulatory responsibilities, and reducing market uncertainty. The framework highly overlaps with the CLARITY Act but still has issues with insufficient legal force and missing content in certain areas. The future legislative process remains to be observed.

Citi significantly lowers Bitcoin and Ethereum target prices, with policy delays constraining upside potential

Citigroup has lowered its 12-month target prices for Bitcoin and Ethereum to $112,000 and $3,175 respectively, mainly due to the slower-than-expected progress of U.S. policy initiatives. Although the target prices have been reduced, both assets still have room for upward movement. The market's diminished expectations for demand growth make the sustainability of capital inflows a critical factor. If regulatory conditions improve, the target prices may be raised; otherwise, the downward adjustment will be justified.