The U.S. SEC clarifies that broker-dealers holding stablecoins can count them as net capital at a 2% discount

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.

Analyst: Federal Reserve Meeting May Be Affected by Middle East Crisis and Oil Price Surge, Market Has Canceled Two Rate Cut Expectations

John Tener of Aptus Capital Advisors noted that the upcoming Federal Reserve meeting will take place against the backdrop of Middle East conflicts and rising oil prices. The market is focused on the dot plot and Powell's language. Rate cut expectations have been canceled, but could quickly resume if the conflict ends.

Bitcoin inflows to exchanges reach a new high, with $75,000 becoming a key resistance level

As the crypto market rebounds, on-chain capital inflows to Bitcoin have significantly increased, reaching the highest levels, indicating the market may face selling pressure. Meanwhile, prices are approaching short-term resistance zones, and macro interest rate policies remain a key factor. Market expectations for rate cuts have cooled, which could constrain risk assets.