By ecency on Skatehive
The Federal Reserve delivered its March 18 decision and the crypto market shed $100 billion in a single day. Policymakers held rates steady but sent a hawkish message - inflation projections up, dot plot unchanged, Powell's language cautious. Bitcoin fell 5% and tested $71,000 support. Meanwhile in Washington, the OCC published 370 pages of proposed GENIUS Act rules, the DC Blockchain Summit drew lawmakers to talk crypto midterms, and the CLARITY Act stalled further. Through all of it, HBD held its peg and the Hive chain kept running. Here's the full picture. 🐝 Hive Ecosystem This was a week to appreciate what decentralized infrastructure actually delivers during macro volatility. While traditional markets slid on the Fed's hawkish hold and oil prices near $116 per barrel kept risk sentiment compressed, Ecency and the Hive ecosystem operated normally - feeless transactions, 3-second block times, no liquidity crises. The contrast with centralized stablecoin platforms navigating a new w