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BlockBeats News, March 8th, CryptoQuant analyst Darkfost posted, stating, "The macro headwinds continue to put pressure on the crypto market. Against the backdrop of a challenging risk asset environment, the crypto market remains under pressure. The latest macroeconomic data has made the Fed's decision-making more complex. Inflation remains stubborn, demand still shows resilience, while the unemployment rate has started to rise again, making the overall economic situation even more complex. The latest non-farm payroll report also shows a much larger number of layoffs than market expectations, further intensifying uncertainty. At the same time, market liquidity remains tight. This situation has even affected institutions like BlackRock, which recently had to restrict investor redemptions due to insufficient available liquidity. Therefore, the Fed's policy balance has become even more difficult, and in the short term, it is likely to continue to maintain a wait-and-see attitude. This liquidity constraint is also affecting the crypto market. The net flow of stablecoins into trading platforms has been negative overall since the beginning of this year. However, this trend seems to be showing signs of stabilization, which is also in line with Bitcoin's attempt to stabilize near the current price level. For a more positive trend to emerge, the liquidity currently flowing out of the market (or flowing into assets such as oil and precious metals) will eventually need to flow back into the crypto market."

Golden Ten Data, March 8 – Due to attacks on oil storage facilities in Tehran, the capital of Iran, and Alborz Province, temporary restrictions have been imposed on car refueling. To ensure fuel supply, some affected areas have temporarily set a fuel limit, reducing the maximum amount of fuel per personal refueling card from 30 liters to 20 liters. Meanwhile, natural gas supply remains sufficient, and all natural gas stations in Tehran and Alborz Province are open 24 hours a day. It is reported that despite the disruption in oil supply, thanks to strategic reserves and the activation of alternative routes, there is no need to worry about the continued supply of fuel.

Saudi Aramco in Riyadh surged nearly 4.87% at the start of trading, marking its largest intraday gain since April 2023. According to Xinhua News Agency, following major oil-producing countries such as Iraq and Qatar, Kuwait National Petroleum Company also announced on March 7 that, due to factors such as threats to the safety of ships passing through the Strait of Hormuz amid the US-Israel-Iran conflict and a shortage of vessels transporting crude oil and refined products, the company has encountered "force majeure" and has begun to reduce crude oil production and refinery processing volumes.