Pi Network（PI）price is hovering at $0.188, with a minor intraday decline but a monthly gain of 11.6%. Technical analysis shows the market facing a turning point, with bullish signals and a cup-and-handle pattern present. However, short-term momentum depends on the PISI indicator, which is currently near neutral, indicating that PI has not yet formed a strong uptrend. Key resistance is at $0.200, and a breakout could potentially drive further gains to $0.246. The market still needs to wait for capital flow changes to drive a breakthrough.

Gate News: On March 19, the Bank of England will announce its interest rate decision (a policy decision by the central bank on whether to adjust the benchmark rate) and meeting minutes at 20:00 Beijing time tonight, while the European Central Bank will announce its interest rate decision at 21:15. Affected by the Middle East conflict, both central banks' monetary policies face uncertainty. The market is expected to maintain a wait-and-see approach in this meeting, but bets on future rate hikes continue to increase.

Stripe and Paradigm's jointly developed new public chain Tempo is expected to launch its mainnet by the end of March, adopting a dual-track model focused on payments and DeFi. The mainnet will not issue tokens, and the team will wait for better market conditions to design the tokenomics model.

Bitcoin mining company HIVE is gradually reducing its Swedish mining operations due to tax disputes and operational uncertainty. Meanwhile, through BUZZ company, it is expanding its liquid-cooled AI data center capacity in Canada fourfold. Despite receiving legal support, Swedish authorities are still requiring it to pay disputed tax security deposits.

Gate News report: On March 13, the Bank of America stated that the Federal Reserve will have to address the supply shock brought about by soaring oil prices. In the Summary of Economic Projections (SEP) to be released ahead of the March Federal Reserve meeting, both headline and core inflation forecasts may be revised upward. The Bank of America report points out that if long-term growth expectations are also revised upward, the median dot matrix of long-term interest rates may shift slightly higher. Under these circumstances, Federal Reserve Chairman Powell may acknowledge stagflation risks while emphasizing a wait-and-see approach.

Greeks.live predicts that on March 13th, a large number of BTC and ETH options will expire, with decreasing market rebound momentum and extremely low trading activity. Options data indicates the market is in a wait-and-see state, still in a bear market, and the recent AI hype has failed to improve the situation.

On March 12, PolyBeats detected two high win-rate addresses betting on prediction markets that "the US and Iran will not cease fire before May," collectively investing 15,000 USD, with the current price at 52.5¢. Meanwhile, Iran escalated attacks on Gulf shipping, causing transit through the Strait of Hormuz to stall, with analysts seeing no signs of de-escalation.