AiCoin Daily Report (March 17)

1. Trump Calls for Immediate Federal Reserve Rate Cut

President Trump stated that the Federal Reserve should hold an emergency meeting immediately and implement a rate cut. -Original

2. BitMNR Purchases 60,999 ETH, Demonstrating Strong Performance

BitMNR bought 60,999 ETH, and Fundstrat co-founder Tom Lee said cryptocurrencies showed strong performance during the Iran conflict. -Original

3. Private Credit Market Tightens, Funds Restrict Redemptions

On March 16, according to Reuters, the private credit market’s tension has spread to Wall Street, with several major U.S. banks tightening loans to the sector and some funds limiting investor redemptions. JPMorgan downgraded some private credit fund loans, reducing lending; Morgan Stanley restricted a fund’s redemption after investors sought to redeem nearly 11%; BlackRock’s flagship fund HLEND saw $1.2 billion in redemption requests in Q1, limiting withdrawals after reaching a 5% cap; Blackstone’s flagship fund BCRED redeemed $3.7 billion in Q1, marking its first quarterly outflow; Blue Owl Capital sold $1.4 billion in assets and permanently halted one fund’s redemptions; Cliffwater’s flagship fund set a 7% redemption limit due to a 14% redemption request. The market is under pressure due to valuation concerns, transparency issues, and the bankruptcy of auto supplier First Brands. Moody’s data shows U.S. banks have nearly $300 billion in outstanding loans to private credit firms, expected through June 2025. -Original

4. El Salvador Continues Daily Bitcoin Purchases, Holding Nearly 7,600 Coins

El Salvador has accumulated nearly 7,600 Bitcoin, continuing its daily Bitcoin accumulation strategy. -Original

5. U.S. Senator Introduces Bill to Ban War Prediction Market Contracts

According to Cointelegraph, as U.S.-Iran tensions escalate, trading volume in prediction markets surged. Token Terminal data shows that in the week ending March 9, the nominal trading volume of Polymarket and Kalshi reached $2.49 billion and $2.85 billion respectively, both hitting record highs. Dune data indicates the total nominal trading volume of prediction markets worldwide reached $145 billion, with 2.8 million unique users. U.S. Democratic Senator Adam Schiff introduced the DEATH BETS Act on Tuesday, aiming to amend the Commodity Exchange Act (CEA) to prohibit federally regulated prediction markets from listing contracts related to war, terrorism, assassination, and personal death. Previously, six Polymarket traders faced insider trading allegations after profiting $1 million from bets on U.S. attacks on Iran. -Original

6. Whale Address Transfers 12,000 ETH to FalconX, Suspected Sale

On March 16 (UTC+8), according to Onchain Lens monitoring, whale address 0xfb7 transferred 12,000 ETH (about $27.43 million) to FalconX and moved 330 cbBTC to Coinbase, suspected to be preparing to sell to repay loans. Currently, this address holds 3,670 cbBTC (about $273.56 million), 120,380 stETH (about $27.67 million), and 17,753 WETH (about $40.76 million). -Original

The above highlights the top news in the past 24 hours. For faster updates, download AiCoin ().