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The article points out that the rapid expansion of stablecoins may trigger a large-scale shift of retail bank deposits towards digital assets, thereby limiting the intermediary capacity of lending institutions in capital financing. This, in turn, will increase the uncertainty in the transmission process from policy rates to actual loan volumes. Expand

BlockBeats News, March 3, according to monitoring by onchainschool.pro, the POWER team wallet address was activated today, transferring POWER tokens worth 29 million USD to an intermediary wallet and continuously depositing them onto trading platforms. The tokens are currently being sent in batches. According to market information from a certain exchange, the POWER token dropped by more than 58.6% today and is now trading at 0.7 USD.

Jinse Finance reported that Juan Perez from Monex USA wrote that the surge in oil prices triggered by the Middle East conflict is a key driver behind the recent rise of the US dollar. He stated that since most crude oil trades are priced in US dollars, shipping difficulties in the Strait of Hormuz will lead to higher oil prices, forcing the market to increase dollar borrowing, which in turn strengthens the dollar and suppresses the rise of gold. The market is concerned that this conflict may last longer than previously expected. Perez pointed out that emerging market currencies, which performed well until last week, are now weakening against the US dollar.