On March 28th, according to official sources, the ApeCoin Foundation announced that it has hired Cameron Kates, Chief Business Officer of YugaLabs, as its Executive Director and CEO.

Jinse Finance reported that data shows that in February, the preferred inflation index of the Federal Reserve continued to rise at a stubborn pace, while the monthly personal expenditure rate was lower than expected, indicating that household demand was weaker than expected. This indicates that consumers are becoming more cautious as concerns about financial conditions intensify. After the data was released, stock index futures fell further, and bond yields remained at low levels. Swap traders continue to expect two 25 basis point rate cuts this year, with the first rate cut expected in July. Today's report indicates that inflation is stubborn and difficult to eliminate, and Trump's planned tariffs could further exacerbate price pressures. His aggressive trade policy has already undermined the confidence of businesses and consumers, coupled with signs of increasing financial pressure on households, sparking concerns that the economy may be heading into stagflation or even recession.

 US core PCE price index for February was 2.8% year-on-year, with an expected 2.7%. (Jinshi)

The company successfully sold 37.5 million shares at $40 each, falling short of its initial goal of offering 49 million shares priced between $47 and $55, which could have potentially raised $2.69 billion. CoreWeave had originally aimed for a $4 billion IPO at a $35 billion valuation, but due to market volatility and stock market decline, the target was revised downwards to approximately $23 billion. Nvidia, a well-known chip maker and existing investor in CoreWeave, participated in the IPO by purchasing $250 million worth of shares, demonstrating their continued support for CoreWeave's expansion into AI operations. Founded in 2017, CoreWeave initially focused on crypto mining, specifically Ethereum mining, but shifted towards artificial intelligence (AI) following Ethereum's network transition in 2022. CoreWeave has since become a significant player in the AI industry, utilizing its infrastructure to support AI workloads. In addition to the IPO, CoreWeave has a 12-year partnership with CoreScientific, a bitcoin mining company, allowing them to use CoreScientific's mining facilities for their AI operations. CoreWeave's shares are scheduled to debut on the Nasdaq under the ticker symbol "CRWV" on Friday, marking a significant milestone as the company shifts from a crypto-focused firm to a major player in the AI industry.

Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), stated that the country's blockchain-based Central Bank Digital Currency (CBDC) Digital Dirham is expected to be launched in the fourth quarter of 2025. The digital currency will help enhance financial stability and combat financial crimes.

It is reported that the Digital Dirham will be accepted in all payment channels just like physical currency. Balama stated that the Digital Dirham will promote the development of innovative digital products, services, and new business models, while reducing costs and enhancing access to international markets.

On March 28th, Senator Ted Cruz of the United States proposed a bill to ban the issuance of central bank digital currency (CBDC) by the Federal Reserve. This bill by the Republican senator from Texas can be seen as a companion bill to the anti-CBDC legislation proposed by Republican Congressman Tom Emmer of Minnesota. Emmer's bill was reintroduced on March 6th. A companion bill is legislation that is similar or identical in wording to another bill and is introduced in the other house of Congress.

The company recently conducted a shareholder meeting where it revealed financial results indicating a significant rise in profits. Common stockholders will now receive 8,777 Korean won ($5.99) per share, up from the previous year's 2,937 won ($2) per share. The company's financial statement also disclosed that it is distributing around 300 billion won ($204.5 million) in dividends, a substantial allocation of its retained earnings. Dunamu reported an impressive 85.1% increase in operating profits year-over-year, reaching 1.18 trillion won ($809 million) for 2024. Net profits for the company also saw a surge of 22.2%, totaling 983.8 billion won ($671 million). The company attributes this growth to various factors, including the bitcoin halving event and a positive investment climate. Dunamu also emphasized the impact of global liquidity increase related to Donald Trump's election and expectations of U.S. interest rate cuts on its strong financial performance. Upbit remains the largest cryptocurrency exchange in South Korea and a significant player in the global market, with a record $101 billion trading volume in February alone. However, the exchange has recently faced scrutiny from local regulators, with South Korea's Financial Intelligence Unit expressing concerns over potential breaches in know-your-customer (KYC) protocols and unregistered foreign exchange transactions. Despite the FIU's attempts to impose restrictions on Upbit, a Seoul court ruled in favor of Dunamu, temporarily halting the penalties for 30 days.

market shows ETH has fallen below $1900, now trading at $1888.69, with a 24-hour drop of 6.68%. The market is fluctuating significantly, please manage your risks carefully.

according to market news, Nasdaq has submitted a Grayscale Avalanche ETF application to the U.S. SEC.

Dogecoin, the original memecoin, was introduced in 2013 as a satirical response to the cryptocurrency craze, featuring the iconic Shiba Inu dog from an internet meme. Despite its initial lack of practical use, it gained popularity for its fun and light-hearted nature. As Dogecoin's user base grew, its market value increased significantly with backing from influential figures like Elon Musk, pushing it into the mainstream spotlight. Other memecoins, such as Shiba Inu, emerged, promising quick profits based on viral internet trends driven by social media buzz, celebrity endorsements, and community support. While memecoins can see rapid growth, they are also vulnerable to sharp declines due to their speculative nature and reliance on factors beyond traditional crypto fundamentals.

A sudden market crash can often be triggered by shifts in sentiment or a loss of interest, resulting in substantial losses for investors, particularly those new to the crypto space. The high-risk environment of memecoin trading, fueled by short-term speculation, transforms these coins into high-stakes gambles rather than stable investments. Memecoins thrive on community support, with dedicated groups promoting the coin and giving it a sense of identity and purpose, even if it's just to participate in a viral trend. Effective memecoin trading strategies include dollar-cost averaging, long-term holding, setting profit and loss limits, using technical analysis, and employing automated trading bots for a more hands-off approach. Helpful tools for memecoin traders and investors include Dexscreener for real-time price tracking, Pump.Fun for identifying trending meme coins, and Telegram bots for purchasing tokens at launch.

Pump.Fun on the platform showcases tokens experiencing significant price increases or high trading volumes, making it a valuable tool for identifying trending meme coins with growth potential. Regularly checking the site can help investors stay informed about emerging coins. Sniping bots on Telegram can aid in purchasing tokens right after launch, allowing for the chance to capitalize on early gains by acting quickly as new coins enter the market. Token Sniffer and similar platforms like Token Trackers enable users to assess the safety of trading a token by examining key factors such as verified contracts and locked liquidity. These tools are crucial for identifying red flags before making a trade. The future of memecoins remains uncertain, given their undeniable popularity. It is difficult to predict whether they will maintain their momentum or fade into obscurity. If the trend of celebrity endorsements and viral social media campaigns continues, memecoins could become a permanent fixture in the crypto world, albeit as speculative assets prone to significant price fluctuations. On the other hand, if the market shifts towards a more utility-focused approach to cryptocurrencies, memecoins may lose relevance due to their lack of technological innovation or real-world applications becoming more apparent. However, there is a possibility that memecoins will evolve and adapt, with communities propelling their growth while developers work on introducing new features or use cases that offer value beyond just being a meme. Ultimately, the fate of these coins hinges on the collective mindset of their communities and the broader crypto market's appetite for speculation.