Gate News reports that on March 29, South Korean President Lee Jae-myung nominated Shin Hyun Song, the head of the Monetary and Economic Department of the Bank for International Settlements, as a candidate for the new governor of the Bank of Korea. It is reported that Shin Hyun Song is known as a "pragmatic hawk" and holds a negative attitude towards the Korean won-pegged stablecoin promoted by the Lee administration. Shin Hyun Song believes that in countries with highly volatile exchange rates that are susceptible to capital outflows, stablecoins can easily become a tool for capital flight, and stablecoins pegged to the local currency may accelerate this trend.

Gate News reports that on March 28, South Korean President Lee Jae-myung nominated Shin Hyun Song, head of the Monetary and Economic Department of the Bank for International Settlements, as a candidate for the new governor of the Bank of Korea. Shin Hyun Song is known as a "pragmatic hawk" and has a negative stance towards the Lee government’s push for a won-pegged stablecoin. Shin believes that in countries with severe exchange rate fluctuations and vulnerability to capital outflows, stablecoins can easily become tools for capital flight, and stablecoins pegged to the local currency may accelerate this trend.

Internet celebrity Hailey Welch reviewed the launch event of Meme token HAWK, revealing that she once panicked due to rumors and cooperated with FBI and SEC investigations to prove her innocence. This incident has had a profound psychological impact on her, as she attracted significant attention due to the token's dramatic market value fluctuations.

The Federal Reserve held interest rates steady and hinted at a slower pace of rate cuts, triggering a major sell-off by early Bitcoin holders and causing Bitcoin's price to decline nearly 1% to $70,600. Market adjustments to rate cut expectations have impacted the overall cryptocurrency market trajectory, with investors needing to monitor the Federal Reserve's policy impact on crypto assets.