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PANews March 11—According to CoinDesk, investment bank Jefferies released a report stating that as the application of digital dollars expands in payments and the crypto market, the growing adoption of stablecoins may gradually erode the profits of traditional banks. Analysts expect that over the next five years, banks' core deposits could decline by 3% to 5%, resulting in an average decrease in bank earnings of about 3%, mainly due to rising funding costs and pressure on fee income. The report notes that while stablecoins are unlikely to trigger a sudden deposit run, the gradual risk of deposit outflows from emerging yield opportunities and payment use cases should not be ignored. The 2025 GENIUS Act prohibits regulated stablecoin issuers from directly paying yields to passive holders, reducing the risk of sharp deposit outflows in the short term. However, in the long term, activity-based rewards from stablecoin trading and payment settlements, as well as yields from DeFi staking and lending protocols, may still pose similar threats to bank deposits. Jefferies pointed out that banks with a higher proportion of retail and interest-bearing deposits face greater risks.

According to Onchain Lens monitoring, crude oil prices have fallen below $85. The whale "0x547" opened a CL long position with 20x leverage and also holds a HYPE long position with 10x leverage. A newly created address "0x7f5" deposited $5 million USDC and opened a CL long position with 1x leverage. The whale "0x0e0" opened a CL long position with 7x leverage, while also holding BTC and ETH short positions with 5x leverage.

BBX News: Yesterday, global listed companies demonstrated new trends in crypto treasury governance, including a "valuation logic reshaping" and "Net Asset Value (NAV) pricing," marking that mainstream financial institutions are accelerating the establishment of institutionalized pricing power for benchmark companies: —Bullish Ratings from Investment Banks: B. Riley Securities officially initiated research coverage on Strategy Inc. (NASDAQ: $MSTR) and Strive Inc. (NASDAQ: $ASST) yesterday, assigning a "Buy" rating. The report emphasized that the benchmark companies’ adjusted Net Asset Value multiple (mNAV) has fallen back to a reasonable range, creating a strategic entry window. —Asset Value Inversion: Hyperscale Data (NYSE American: $GPUS) disclosed that its holdings of 617 bitcoins and cash reserves total approximately $82.9 million, reaching 137.98% of its market capitalization. This extreme value inversion highlights the significant arbitrage opportunities in the secondary market for bitcoin-denominated assets trading at a discount. —AI Computing Power Expansion: CleanSpark (NASDAQ: $CLSK) announced that its second Texas campus, with a 300 MW power capacity, has officially commenced operations. The company plans to prioritize serving hyperscale AI tenants, aiming to use the high-margin cash flow generated by AI to cover expansion costs without liquidating its bitcoin reserves. —Staking Output Dominance: Bitmine Immersion Technologies (NYSE: $BMNR) updated the status of its treasury holding 4.53 million ethereum. Through its MAVAN validator network, the company expects annualized staking yields to become the core financial engine for its AI infrastructure expansion, achieving a closed loop of "asset yield generation." —Preferred Stock Securitization: Strategy Inc. (NASDAQ: $MSTR) adjusted the monthly dividend rate of its digital credit preferred stock (STRC) to 11.5%. This instrument recorded a trading volume of about $300 million yesterday, establishing its position as a non-dilutive financing tool and a "perpetual bitcoin purchasing ammunition depot." The market is showing a clear dual evolution trend of "asset valuation reversion" and "migration of energy resources to AI computing power." Source: bbx.com