Monetary Policy

Senate housing bill bars Fed from issuing or facilitating a retail CBDC, including similar digital assets, until 2030. Measure passed 84–6 after late insertion, formalizing limits despite prior Fed stance requiring Congress approval. U.S. pauses digital dollar plans as China and Europe

ChainCatcher News, according to Jinshi reports, Federal Reserve's Smith said that macroeconomic conditions need to be monitored, and the inflation target has been lowered to 2%; it is expected that a large amount of fiscal stimulus measures will be introduced by 2026.

CFTC Chairman Mike Selig stated that the agency will allow professional perpetual contracts to operate in the U.S. within the next month and expects to issue an announcement. Meanwhile, the CFTC and SEC are advancing digital asset policies through Project Crypto, aiming to provide clear guidance for the industry. SEC Chairman emphasized that legal certainty is still needed, and relevant legislation in the Senate is still under negotiation.

Between 14:30 and 14:45 (UTC) on 2026-03-03, the price of BTC experienced a significant decline, with a return of -0.99%. It fluctuated within the range of 66,366.6 to 67,576.7 USDT, with an amplitude of 1.80%. Short-term volatility intensified, market attention rapidly increased, trading volume expanded accordingly, and overall sentiment leaned towards caution or even panic. The main driving force behind this anomaly is the decline in global macro risk appetite, with funds accelerating into traditional safe-haven assets. Additionally, expectations of Federal Reserve rate hikes and geopolitical tensions contributed to liquidity tightening. On-chain capital flow experienced

Over the past two years, regulatory discussions around stablecoins have become increasingly intense. Hong Kong and the United States have respectively introduced regulatory frameworks, marking the transition of stablecoins from market experiments to formal institutionalization, making them compliant assets. Hong Kong plans to issue stablecoin licenses and promote their use, while the US clarifies their positioning within the financial system, demonstrating that stablecoins are gradually integrating into the mainstream financial ecosystem. This shift lays the foundation for the sustainable development of the global digital currency ecosystem.

2025 will be a key year for the gold and silver markets, as these two precious metals continue to rise amid the macroeconomic environment, attracting investor attention. In early 2026, prices sharply declined due to policy changes. In contrast, Bitcoin's performance has been highly volatile, highlighting the importance of a diversified investment portfolio. In a high-volatility environment, risk management and investment diversification are especially crucial.

On March 3, 2026, from 12:00 to 12:15 (UTC), BTC experienced a significant surge, with a 15-minute return of +1.06%. The price ranged from 67,030.1 to 67,966.1 USDT, with an amplitude of 1.40%. This movement attracted widespread market attention, with active short-term trading and increased volatility indicating accelerated capital inflows into mainstream cryptocurrencies. The main drivers of this movement were the optimistic macroeconomic policy expectations and the resonance of buy orders from leading institutions. As the Federal Reserve's interest rate meeting approaches, the market generally expects to maintain stable interest rates and to conclude quantitative tightening (QT) before May.

Kevin Lee analyzes the impact of geopolitical conflicts on the market in the article, emphasizing that conflicts do not change the fundamental logic of the market; the key lies in their impact on inflation and central bank policies. In the short term, oil and gold experience significant fluctuations, but if energy supplies remain stable, the market will gradually recover. In the long run, inflation data and policy expectations are more important, and emotional decision-making incurs high costs. Understanding market patterns is crucial for managing volatility.

The latest research from the European Central Bank shows that the growth in stablecoin usage is weakening the impact of monetary policy on bank lending, leading to a decrease in bank deposits and a decline in corporate loans. This makes banks more reliant on higher-cost market financing. The extent of stablecoin's impact depends on its adoption scale and regulatory approach, especially for stablecoins denominated in foreign currencies.

Wintermute stated that Iran's geopolitical conflicts are causing volatility in risk assets, leaving the cryptocurrency market fragile. After a brief rebound, it remains under pressure. Despite ETF inflows, institutional participation is noticeably insufficient, and the bear market trend for altcoins continues. Investors are advised to remain cautious and monitor the developments of the conflict and their impact on energy costs and interest rate expectations.

PANews March 3 News, according to Solid Intel, the Bank of Japan will test the settlement of central bank funds on the blockchain between financial institutions.

JPMorgan sees the Clarity Act as a significant opportunity for digital assets, predicting increased institutional investment and market stabilization if clearer regulations are established, particularly by the end of 2026.

ChainCatcher reports that, according to Jinshi, Saira Malik, an investment analyst at New York-based firm Nuven, stated in a research report that the widespread impact of the US and Israel's attacks on Iran remains to be seen. She believes that global markets may experience more volatility, and the far-reaching effects will become clearer over time. While the surge in oil prices could push inflation higher, Malik expects this will not affect the Federal Reserve's policy in the short term. She maintains her forecast of two interest rate cuts by the Fed this year and believes that the 10-year US Treasury yield will fluctuate around 4%.

JPMorgan predicts that the CLARITY Act will be passed by mid-year, establishing a clear regulatory framework for the U.S. cryptocurrency market and triggering a rally in the second half of the year. If the bill is approved, it could bring multiple positive impacts, with long-term Bitcoin prices potentially reaching $266,000, sparking institutional investment interest.

The U.S. Senate passed the "21st Century Housing Roadmap Act," which includes restrictions on central bank digital currencies, with 84 votes in favor and 6 against, demonstrating bipartisan consensus. The bill requires the Federal Reserve not to issue digital dollars until explicitly authorized by Congress and also focuses on housing supply and affordability in an effort to address the housing crisis. The passage of this bill could have a profound impact on future digital currency regulation.

ChainCatcher News, Bank of Japan Governor Kazuo Ueda on Tuesday stated that the central bank will conduct experiments using blockchain technology to settle deposits held by financial institutions at the central bank. These experiments will be part of the Bank of Japan's "sandbox project," aimed at enabling the use of central bank digital currency for various settlement scenarios through blockchain technology. Analysts believe that introducing blockchain technology could enable 24/7 real-time settlement and reduce systemic congestion risks.

The U.S. Senate housing bill now includes a provision banning the Federal Reserve from issuing a retail CBDC until at least 2031, reflecting growing congressional interest in digital currency policy and potential impacts on financial technology strategies.

Author: Arthur Hayes Compiled by: Deep Tide TechFlow Introduction: The core argument of Hayes's article is simple: from the Gulf War in 1990 to the War on Terror in 2001, every U.S.-led Middle East war has been followed by the Federal Reserve cutting interest rates. He believes that the Iran war in 2026 will repeat this same historical logic, and that will be the time to increase Bitcoin holdings. The viewpoint is clear and logical; you don't have to agree after reading, but it's worth serious consideration. Full text below: (All opinions in this article are solely the author's personal views and do not constitute investment advice or recommendations to participate in investment transactions.) Under the instruction of Donald J. Trump, the U.S. President known for his preference for peace, the U.S. Department of Defense has jointly launched an offensive Agent AI weapon—a deadly, entirely new

The "21st Century Housing Roadmap Act" proposed by the U.S. Senate includes a provision that bans the Federal Reserve from issuing Central Bank Digital Currencies (CBDC), with the ban remaining in effect until 2030. The bill aims to reduce housing costs and support the development of private stablecoins. The White House has expressed support for the bill, emphasizing that preventing CBDC development is a current policy priority. Bipartisan lawmakers have reached a consensus on this issue, making it a cooperative clause that can transcend party divisions.

The deadline for the White House's stablecoin legislation CLARITY has passed, but progress has stalled due to the crypto and banking industries failing to reach a consensus on stablecoin yields. The banking sector is concerned about outflows of customer funds and strongly opposes stablecoin reward arrangements. If legislation cannot be enacted in the future, it could trigger market uncertainty and impact the inflow of crypto funds.