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5 Must Reads in the Evening | Powell quickly "puts out the fire" and saves the market

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Reprinted from jinse

03/20/2025·2M

1. Why are North Korean hackers so good at stealing cryptocurrencies?

Ben Zhou, owner of Dubai cryptocurrency exchange Bybit, recalled that February 21 was originally a normal day. Before going to bed, he approved the transfer of funds between company accounts, a "typical operation" performed when providing services to more than 60 million users around the world. Half an hour later, he received a call. "Ben, something went wrong," his CFO said in a trembling voice. "We may have been hacked...all Ethereum has disappeared." Click to read

2. Understand the new financing tool of micro-strategy STRF

In this article, we will learn about Michael Saylor's grand new initiative: STRF. Strategy is like a water pump that accelerates the flow of funds from the bond market to Bitcoin. How will Saylor raise $3 trillion from the bond market to buy Bitcoin? Click to read

3. Quick review of the current status of stablecoins in 2025

The comprehensive report on "Stable Coins Status in 2025" jointly released by Dune and Artemis contains all insights, market trends, in-depth asset analysis and other contents. Click to read

4. Is there still a cryptocurrency copycat season?

Yes, I believe that counterfeiting will inevitably appear. But when it will appear, it should be directly related to liquidity. However, the emergence of the copycat season is often accompanied by the rise in liquidity. From the figure, we can see that if ETH is the largest altcoin, the matching degree with the liquidity of the United States is very high. However, when liquidity increases, it will first be transmitted to large-scale assets, such as S&P 500, and then to medium-scale assets, such as $Bitcoin, and finally to copycat assets, such as $ETH. Click to read

5. Powell quickly "extinguishes the fire" and saves the market

On Wednesday local time, after the Federal Reserve lowered its economic expectations this year and raised its inflation expectations, Powell expressed his "indifference" to economic risks and once again threw out the "temporary theory of inflation" and revealed his "firm" position to maintain the status quo. Click to read

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