Wu Jiezhuang: Suggest establishing a dedicated agency or department in Hong Kong to oversee the development of digital and crypto assets comprehensively

Japan's government bond yields approach multi-decade highs, with 10-year bond yields rising to 2.32%

On March 23, Japanese government bond prices fell, with yields rising to their highest levels in decades. Market concerns over escalating Middle East conflicts pushed inflation expectations higher. The 10-year government bond yield reached 2.32%, approaching historical highs, while the 5-year government bond yield also neared its highest levels since listing. U.S. Treasury yields also rose.

Gate Daily Report (March 23): MicroStrategy Releases Bitcoin Buy Signal; MajiDaBro's ETH Liquidation Incurs Losses of 30.35 Million

Bitcoin has continued to decline to around $67,950, with MicroStrategy founder Michael Saylor reiterating a buy-the-dip strategy. Huang Licheng's highly leveraged ETH position was completely liquidated, with losses exceeding $30.35 million. Fidelity has called on the US SEC to improve its regulatory framework for crypto assets. US stocks have broadly declined, and market sentiment remains cautious.

South Korean President Nominates BIS Official Shin Hung-song as Central Bank Governor, Who Has Previously Questioned Stablecoin Risks

South Korean President nominates Shin Hung-song, head of the Monetary and Economic Department at the Bank for International Settlements, as the next governor of the Bank of Korea. He has previously expressed concerns about Korean won stablecoins, believing they could lead to capital outflows and affect financial stability. The public is watching to see if his stance on stablecoins will change after he takes office.

Why Did Bitcoin Fall Today? Trump's 48-Hour Ultimatum Triggers Market Panic

Bitcoin declined to $67,979.57 today, primarily affected by US-Iran tensions, higher-than-expected US PPI data, and whale short-selling activity. Global markets face stagflation pressure, with $70,000 serving as a key support level. If this level is breached, prices could potentially decline to $68,000.

China Expands Digital Renminbi Banking Support, But Mainstream Adoption Remains Slower Than Expected

China’s digital renminbi CBDC has expanded its banking support to over 20 institutions, but its adoption remains slow due to its low yields and broader market competition. The People’s Bank of China (PBOC) has expanded the digital renminbi’s banking support by 12 more institutions. China’s

Citigroup Slashes Bitcoin and Ethereum 12-Month Price Targets, Citing Stalled U.S. Crypto Legislation Weighing on Upside Catalysts

Citigroup has lowered its 12-month price targets for Bitcoin and Ethereum, signaling a shift toward caution on the cryptocurrency market's medium-term outlook, primarily due to slow progress in U.S. crypto asset legislation. Bitcoin's target was reduced from $143,000 to $112,000, while Ethereum's fell to $3,175. Despite upside potential remaining in the future, the lack of new policy catalysts suggests prices may oscillate within a range in the near term. Citigroup's assessment of Ethereum is more cautious, as it believes the asset is more significantly impacted by on-chain activity.