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On March 26th, Moody's Analytics raised the probability of a US recession within the next 12 months to 48.6%. Concurrently, Goldman Sachs also increased its forecast to 30%.

[Moody's Analytics Raises US Recession Probability to 48.6%]On March 26th, Moody's Analytics raised the probability of a US recession within the next 12 months to 48.6%. Concurrently, Goldman Sachs also increased its forecast to 30%.

Moody's Analytics Raises US Recession Probability to 48.6%

On March 26, Israeli media reported on the 26th, citing sources, that the commander of the Iranian Islamic Revolutionary Guard Corps Navy was killed in an Israeli military operation. (Xinhua News Agency)

[Iranian Revolutionary Guard Navy Commander Killed in Israeli Operation]On March 26, Israeli media reported on the 26th, citing sources, that the commander of the Iranian Islamic Revolutionary Guard Corps Navy was killed in an Israeli military operation. (Xinhua News Agency)

Iranian Revolutionary Guard Navy Commander Killed in Israeli Operation

On March 26, the Bank of Japan announced that starting this month, it will release monthly data for an indicator used to assess core CPI. This data will be published under the name "Core CPI Reference Indicator" and will be announced at 14:00 on the second business day after the release of Japan's official CPI. Analyst Justin Low from Investinglive stated that the Bank of Japan has faced considerable scrutiny due to the somewhat confusing inflation data in Japan. While Japan's core CPI for February fell back below the crucial 2% level year-on-year, the Bank of Japan appears determined to continue its tight monetary policy. The central bank hopes to present evidence demonstrating that actual underlying inflationary pressures remain strong. The bank believes that measures such as energy subsidies implemented by the Japanese government have artificially suppressed CPI data. Therefore, the "Core CPI Reference Indicator" now being released by the Bank of Japan will be a "denoised" interpretation of inflation figures. This is more about proving to the public and the market that they are still on the right track with their monetary policy. If there is any difference, it could also be interpreted as a slight pushback by the Bank of Japan against the government's wishes, with Prime Minister Sanae Takaichi hoping the Bank of Japan will maintain current interest rates.

[Bank of Japan to Release New Monthly Inflation Indicator, Potentially Bolstering Case for Rate Hikes]On March 26, the Bank of Japan announced that starting this month, it will release monthly data for an indicator used to assess core CPI. This data will be published under the name "Core CPI Reference Indicator" and will be announced at 14:00 on the second business day after the release of Japan's official CPI. Analyst Justin Low from Investinglive stated that the Bank of Japan has faced considerable scrutiny due to the somewhat confusing inflation data in Japan. While Japan's core CPI for February fell back below the crucial 2% level year-on-year, the Bank of Japan appears determined to continue its tight monetary policy. The central bank hopes to present evidence demonstrating that actual underlying inflationary pressures remain strong. The bank believes that measures such as energy subsidies implemented by the Japanese government have artificially suppressed CPI data. Therefore, the "Core CPI Reference Indicator" now being released by the Bank of Japan will be a "denoised" interpretation of inflation figures. This is more about proving to the public and the market that they are still on the right track with their monetary policy. If there is any difference, it could also be interpreted as a slight pushback by the Bank of Japan against the government's wishes, with Prime Minister Sanae Takaichi hoping the Bank of Japan will maintain current interest rates.

Bank of Japan to Release New Monthly Inflation Indicator, Potentially Bolstering Case for Rate Hikes

On March 26, according to Israeli media, an Israeli official stated that the commander of the Iranian Islamic Revolutionary Guard Corps Navy, Alireza Tangsiri, was killed in an attack in the port of Abbas. Neither the Iranian side nor the Israeli military has yet commented on the attack. (Jins10)

[Iranian Navy Commander Reportedly Killed in Abbas Port Attack]On March 26, according to Israeli media, an Israeli official stated that the commander of the Iranian Islamic Revolutionary Guard Corps Navy, Alireza Tangsiri, was killed in an attack in the port of Abbas. Neither the Iranian side nor the Israeli military has yet commented on the attack. (Jins10)

Iranian Navy Commander Reportedly Killed in Abbas Port Attack

On March 26th, Singapore-based Web3 infrastructure company Startale Labs announced the completion of a $63 million Series A funding round, led by Sony Innovation Fund. The round saw participation from Asian industry and financial giants such as Samsung Next, UOB Venture Management, and SBI Holdings. This funding round triples the company's valuation compared to its seed extension phase in early 2024. The funds will primarily be used for:

* Global promotion of the 'Startale Super App': Integrating USDSC stablecoin as a unified settlement layer for on-chain entertainment.
* Expansion of the 'Soneium Spark' incubation program: This program has already onboarded over 250 decentralized applications covering gaming, music, and AI content creation.
* Development of 'entertainment-native' blockchain tools: To assist traditional media companies in tokenizing intellectual property and directly engaging with global fans.
* Advancing the development of the Japanese Yen stablecoin (JPYSC): Focusing on regulated financial sectors to establish it as the primary liquidity trading pair on the Soneium network, enabling 24/7 cross-border settlement in the Asia-Pacific region.

[Startale Labs Secures $63 Million Series A Led by Sony Innovation Fund]On March 26th, Singapore-based Web3 infrastructure company Startale Labs announced the completion of a $63 million Series A funding round, led by Sony Innovation Fund. The round saw participation from Asian industry and financial giants such as Samsung Next, UOB Venture Management, and SBI Holdings. This funding round triples the company's valuation compared to its seed extension phase in early 2024. The funds will primarily be used for:

* Global promotion of the 'Startale Super App': Integrating USDSC stablecoin as a unified settlement layer for on-chain entertainment.
* Expansion of the 'Soneium Spark' incubation program: This program has already onboarded over 250 decentralized applications covering gaming, music, and AI content creation.
* Development of 'entertainment-native' blockchain tools: To assist traditional media companies in tokenizing intellectual property and directly engaging with global fans.
* Advancing the development of the Japanese Yen stablecoin (JPYSC): Focusing on regulated financial sectors to establish it as the primary liquidity trading pair on the Soneium network, enabling 24/7 cross-border settlement in the Asia-Pacific region.

Startale Labs Secures $63 Million Series A Led by Sony Innovation Fund

On March 26, according to community feedback, the X platform is currently gradually restoring normal service. Downdetector records indicate that the platform has experienced 5 significant downtime/large-scale outage events in the past 3 months.

[X Platform Gradually Restoring Service Amidst Frequent Outages]On March 26, according to community feedback, the X platform is currently gradually restoring normal service. Downdetector records indicate that the platform has experienced 5 significant downtime/large-scale outage events in the past 3 months.

X Platform Gradually Restoring Service Amidst Frequent Outages

On March 26th, some community users reported that the X platform is reportedly experiencing technical issues, with tweets not displaying properly.

[X Platform Reportedly Experiencing Technical Issues, Tweets Not Displaying Properly]On March 26th, some community users reported that the X platform is reportedly experiencing technical issues, with tweets not displaying properly.

X Platform Reportedly Experiencing Technical Issues, Tweets Not Displaying Properly

On March 26th, major European stock indices opened with broad declines. The EURO STOXX 50 opened down 0.9%, the German DAX 30 fell 0.8%, the UK FTSE 100 dropped 0.7%, the French CAC 40 decreased 0.6%, the Spanish IBEX 35 was down 0.6%, and the Italian FTSE MIB declined 0.7%.

[European Stocks Open Lower, FTSE 100 Down 0.7%]On March 26th, major European stock indices opened with broad declines. The EURO STOXX 50 opened down 0.9%, the German DAX 30 fell 0.8%, the UK FTSE 100 dropped 0.7%, the French CAC 40 decreased 0.6%, the Spanish IBEX 35 was down 0.6%, and the Italian FTSE MIB declined 0.7%.

European Stocks Open Lower, FTSE 100 Down 0.7%

On March 26th, market expectations for a Federal Reserve interest rate hike were revised upwards, with the current probability of the Fed raising rates this year now exceeding 50%.

[Market Expects Over 50% Chance of Fed Rate Hike This Year]On March 26th, market expectations for a Federal Reserve interest rate hike were revised upwards, with the current probability of the Fed raising rates this year now exceeding 50%.

Market Expects Over 50% Chance of Fed Rate Hike This Year

Lu Zhihong, the head of Deloitte China's digital assets in Hong Kong, said that if Hong Kong wants to become an international virtual asset center, it is not enough to have only two licensed platforms. It is necessary to attract overseas platforms to develop in Hong Kong in order to gather more international Web 3.0 talents and related business ecosystems.

[Deloitte: It Is Expected That the Hong Kong Securities Regulatory Commission Will Successively Grant More Virtual Asset Licenses in the Second Half of the Year]Lu Zhihong, the head of Deloitte China's digital assets in Hong Kong, said that if Hong Kong wants to become an international virtual asset center, it is not enough to have only two licensed platforms. It is necessary to attract overseas platforms to develop in Hong Kong in order to gather more international Web 3.0 talents and related business ecosystems.

Deloitte: It Is Expected That the Hong Kong Securities Regulatory Commission Will Successively Grant More Virtual Asset Licenses in the Second Half of the Year

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cfg currently trades at 0.1475 USDT, up 14.08% in 24h, according to HTX market data.

Deloitte: It Is Expected That the Hong Kong Securities Regulatory Commission Will Successively Grant More Virtual Asset Licenses in the Second Half of the Year

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