Morgan Stanley: Downgraded its forecast for UK GDP growth in 2025 to 0.9%, from a previous forecast of 1.3%.

Coinbase Chief Legal Officer Paulgrewal.eth wrote on the X platform that after the US Treasury cancelled the Tornado Cash sanctions list, it argued that there was no need for a final judgment from the court, but the case was far from over without the Treasury's commitment not to re-impose sanctions. Coinbase's chief legal officer, paulgrewal.eth, said: "Power does not retreat voluntarily, it just struggles until it is powerless." The Treasury Department refiled its complaint against Tornado Cash...

US Senator Elizabeth Warren has sent a 34-page letter to SEC chair nominee Paul Atkins, focusing on its ties to failed crypto trading platform FTX and the potential conflicts of interest posed by Trump's issue of Memecoin. In the letter, Warren pointed out that Patomak Global Partners, a consulting firm founded by Atkins, advised FTX in 2022 and has clients in banks, crypto exchanges, and DeFi platforms. He himself joined the advisory board of The Digital Chamber, a blockchain industry associati...

DigiFT, a Singapore-based crypto trading platform, has announced that it will launch the world's first index fund to fully tokenize fund shares and their underlying stocks and trade them on-chain, initially only open to accredited and institutional investors. DigiFT has partnered with investment house Hash Global to launch two index funds: one tracking leading companies in the field of artificial intelligence (e.g. Apple, Tesla, Microsoft) and the other tracking mainstream crypto assets (e.g. Bi...

U.S. stocks opened higher and moved higher, with the three major indexes closing higher collectively. The Nasdaq rose 2.27%, the S & P 500 rose 1.76%, and the Dow rose 1.42%. Tesla rose nearly 12%, its biggest one-day gain since November 7 last year. Nvidia, Amazon, Meta rose more than 3%, Google rose more than 2%, Apple, Netflix rose more than 1%, Microsoft rose slightly; Intel fell slightly. AMD closed up nearly 7%, its best one-day performance since February 2024.

The Dogecoin Foundation has officially launched the "Official Dogecoin Reserve" through its newly established commercial entity, and has completed the purchase of the first 10 million DOGEs. The initiative is a joint initiative between the Foundation and House of Doge to demonstrate the viability of DOGE as an efficient payment tool. House of Doge said the reserve is a'proof of concept 'for the Dogecoin payment scenario. House of Doge is expected to announce the first strategic partners in the c...

CPIC Investment Management, a Hong Kong-based subsidiary of China Pacific Insurance (CPIC), has announced the launch of a US dollar money market fund (MMF) based on HashKey Chain, open to professional and institutional investors with an initial subscription of US $100 million. The fund invests in US dollar-denominated short-term fixed income assets and money market instruments. The PAC provides token issuance services, and Standard Chartered is responsible for registration and fund management.

The Hang Seng Index futures closed down 1.5% at 23,609 points in overnight trading, with a low of 297 points.

Fed Governor Barr will speak in ten minutes on "small business lending".

President Trump: Many countries may be granted tariff exemptions.

Cryptocurrency exchange Kraken is exploring debt financing of up to $1 billion.

President Trump: Additional tariffs on goods such as cars, lumber, and chips will be announced in the coming days.

On March 25, Atlanta Federal Reserve President Bostic said in an interview that he now expects only one interest rate cut this year. This is lower than the two rate cuts he had previously expected. Bostic said he changed his forecast because he thought inflation would be "very bumpy" this year. He also said that businesses are starting to expect inflation to rise.