According to Lookonchain monitoring, three hours ago, a whale sold 13,739 ETH, worth $28.96 million, distributed across six wallets.

Odaily reports that the Bitcoin Policy Institute is calling for changes to US tax rules that treat all BTC payments as capital gains. (Cointelegraph)

According to a Bloomberg survey, economists have postponed their expectations for the next Federal Reserve rate cut from March to June, but still anticipate two 25-basis-point cuts before the end of the year. The 46 economists surveyed expect a faster pace of rate cuts than currently priced into by the futures market, and one more cut than the median forecast by Fed officials in December. Nearly a third of the surveyed economists expressed concern about Kevin Warsh, Trump's nominee for Fed chairman. When asked if they believed Warsh would commit to achieving the Fed's 2% inflation target, 13% were unsure, and 18% answered "no." In the December survey, economists expected rate cuts in March and September, while in the survey conducted from March 6-11 (after the outbreak of the Middle East conflict), respondents expected cuts in June and October. The median forecast shows that economists expect interest rates to be between 3% and 3.25% by the end of the year.

Odaily Planet Daily reports that US President Trump, discussing the US escort operation in the Strait of Hormuz, stated that it would be carried out if necessary. Regarding the situation with Iran, he said that the US would deliver a strong blow to them in the coming week. (Jin Shi)

Bitcoin continued its upward trend amid macroeconomic pressures, rising approximately 2% and breaking through $72,000, outperforming the US stock market. Meanwhile, Nasdaq 100 and S&P 500 futures fell during Asian trading hours, while the US Dollar Index (DXY) rose above 100. This trend typically puts pressure on risk assets such as cryptocurrencies, but the overall crypto market still maintained an upward trend for the day. In the derivatives market, open interest (OI) in crypto futures increased by 5% to $107.6 billion in the past 24 hours, indicating continued capital inflows. Bitcoin OI rose to 687,200 BTC, the highest since February 25th; Ethereum OI rose to 13.72 million ETH. At the same time, open interest in futures for tokens such as XRP, SOL, ADA, and SUI also increased significantly. Furthermore, Bitcoin's 30-day annualized implied volatility (BVIV) fell to 55%, a two-week low, indicating decreased market volatility and providing conditions for further price increases in the spot market. Meanwhile, the escalating conflict in Iran has kept oil prices around $100 per barrel, but Bitcoin has maintained relative stability amid geopolitical and macroeconomic uncertainties. (CoinDesk)