This report summarizes the policies and macro events that occurred in the Web3 industry over the past week. On March 14, the University of Michigan released the preliminary survey of consumer sentiment for March, showing that the one-year inflation expectation rose to 4.9%, a significant increase from 4.3% in February. Meanwhile, the consumer sentiment index fell from 67.8 to 57.9, marking a decline for the third consecutive month. On March 17, the U.S. Census Bureau released the retail sales data for February, showing a 0.2% increase compared to January, slightly below the market expectation of 0.6%. According to the latest polls, American voters generally oppose the cryptocurrency strategic reserve plan, with fiscal priorities still focused on people's livelihoods. Argentina has officially implemented new regulations for VASPs, strengthening compliance and market stability. On March 19, the Federal Reserve announced that it would maintain the federal funds rate in the target range of 4.25% to 4.5%, a decision in line with market expectations. The U.S. Securities and Exchange Commission (SEC) announced that it would abandon its appeal against Ripple Labs, marking the formal end of a years-long legal dispute. The Web3 industry is undergoing significant changes at the policy level, and fluctuations in macroeconomic data are also having an indirect impact on its development