ETH falls below the $1900 mark

OKX CEO Star has announced that OKX Web3 has implemented multiple control measures to combat abusive behavior, including IP blocking for restricted markets and real-time blacklist address detection and interception systems. In the future, OKX will continue to work with global partners to jointly develop industry control standards. Star emphasizes that the OKX DEX aggregator will not touch or store user private keys, nor will it host user funds. All transactions of the user must be signed and executed using their personal private key. OKX Web3 itself does not have the ability to execute any transaction or purchase. Its role in the blockchain industry is similar to that of Chrome and Google in the Internet industry, focusing on providing software and services. Many well-known companies also offer similar aggregator services, and OKX Web3 has a greater influence in the industry due to community support. Details link: https://x.com/star_okx/status/1901459005685608760?s=46

According to a report by Golden Ten, US President Trump previously signed an executive order ordering the US Treasury and Commerce departments to establish a sovereign wealth fund within the next 12 months, which will be managed by Michael Grimes, a former technology investment banker at Morgan Stanley. The fund is expected to be primarily funded by tariffs. Currently, there are rumors in the cryptocurrency industry that Trump may use his sovereign wealth fund to purchase Bitcoin. Despite this, Bitcoin not only did not receive a boost on the 17th, but also fell more than 1% during trading.

According to a report by Golden Jubilee, it is expected that the Federal Reserve will maintain policy rates unchanged this week, but Barclays economists have warned that the impact of tariff shocks may be more severe than shown by the FOMC in its Summary of Economic Forecasts (SEP). They stated in a research report, 'We believe that the risks this year tend to postpone interest rate cuts.' Barclays expects the Federal Reserve's SEP to show an increase in inflation and unemployment expectations, as well as a decrease in GDP growth, but Barclays economists expect GDP slowdown and inflation increase to be greater than SEP. They added, "Although we expect SEP to show that the benchmark interest rate will be lowered once this year, we still believe that the committee will ultimately cut rates twice, by 25 basis points each, in June and September of this year

Foresight News reports that GOAT Network, a sustainable BTC revenue chain, has been launched on the Alpha mainnet. Users can pledge any of the three tokens, BTC from Bitcoin L1, BTCB from BNB Chain, and DOGEB from BNBChain, to the GOAT sequencer. In addition, the team has launched GOAT Network's One Piece project, aimed at inspiring community users to participate in various ecological applications, including OKU, Artemis, GOATSwap, and Stakestone in the first phase.

According to Cointelegraph, cryptocurrency platform Debiex has been ordered to pay approximately $2.5 million for failing to respond to a lawsuit filed by the US Commodity Futures Trading Commission (CFTC) accusing it of being a "pig killing" fraud group. On March 13th, Arizona Federal Court Judge Douglas Rayes approved the CFTC's earlier motion for summary judgment and ordered Debiex to refund approximately $2.26 million stolen from customers, while paying nearly $221500 in civil fines. The judge stated that there is no evidence to suggest that Debiex's failure to respond to the CFTC was due to "forgivable negligence". The CFTC filed a lawsuit against Debiex in January 2024, alleging that its employees committed a so-called "pig killing scam" by establishing romantic relationships with customers through social media to gain trust and persuade them to invest on the platform. The scam lured five victims to deposit approximately $2.3 million into Debiex, and "the Debiex platform subsequently stole these funds".