The European Central Bank plans to launch the digital euro by mid-2029, with a pilot program scheduled for 2027.

Federal Reserve maintains unchanged interest rates in April with a probability of 91.7%

Gate News, on March 24, according to CME "FedWatch" data, on March 25, the probability of the Federal Reserve raising rates by 25 basis points in April is 8.3%, and the probability of maintaining interest rates unchanged is 91.7%.

ECB: Stablecoins and Tokenized Deposits Must Use Central Bank Money as Settlement Anchor

European Central Bank Executive Board member Cipollone pointed out that stablecoins and tokenized deposits need to be anchored on tokenized central bank money for settlement to achieve scalability in tokenized financial markets. The DLT settlement project Pontes, expected to launch in 2026, and the Appia plan before 2028 will advance the construction of Europe's tokenized finance ecosystem. He warned of the risks of lacking a unified legal framework.

US CFTC Chairperson Announces Establishment of "Innovation Task Force" to Define Regulatory Guidelines for Crypto Assets, AI, and Prediction Markets

U.S. CFTC Chair Michael S. Selig announced the establishment of an "Innovation Task Force" that will work with the Innovation Advisory Committee to develop regulatory frameworks for crypto assets, AI automated systems, and prediction markets to promote fintech innovation and ensure U.S. market participants are not excluded. The task force will coordinate with the SEC's crypto task force to address overlapping regulatory issues.

White House Reviews SEC Crypto and Hedge Fund Plans

_The White House is reviewing two SEC proposals on digital assets and hedge fund disclosures, sent March 20 by Chairman Paul Atkins. Major regulatory shifts ahead._ The Securities and Exchange Commission has sent two proposed rules to the White House for review. One targets digital assets. The

# Gold and BTC Diverge: A Battle Over the Definition of Safe-Haven Assets

# Woke up, and BTC pulled back to 70k. On the drive this morning, the radio was reporting that gold came under pressure as the Fed's March FOMC meeting failed to meet rate cut expectations, erasing all gains for the year so far. Recently, geopolitical tensions in the Middle East have escalated, causing global capital markets to shake. According to classical narratives in traditional finance, geopolitical conflicts should push up gold prices—a logic rooted in gold's thousands of years of safe-haven attributes, long since becoming the instinctive reaction of market participants. Yet the market performance in March 2026 has shattered this stereotype: gold prices continued to decline, breaking through the critical support level of $4,500, while Bitcoin's decline was far smaller than traditional risk assets like stocks, displaying a certain characteristic of "relative safe-haven." This anomalous divergence, on the surface is a difference in asset price movements, but at a deeper level reflects a structural change long overlooked by the market: the investor base for gold and Bitcoin is undergoing a fundamental shift

ECB says stablecoins, tokenized deposits need central bank money to scale

Tokenized deposits and stablecoins need tokenized central bank money as a public settlement anchor if Europe’s tokenized financial markets are to scale, Piero Cipollone, a member of the European Central Bank’s Executive Board, said on Monday. Cipollone pointed to Pontes, the Eurosystem’s