<div>  <p>According to PANews on March 24, data from Onchain Lens monitoring shows that a whale who had opened a long position in BRENTOIL was fully liquidated due to a sudden price plunge, resulting in a loss of $3.08 million. The whale's total losses have now exceeded $4.4 million.</p> </div>

According to PANews on March 24, data from Onchain Lens monitoring shows that a whale who had opened a long position in BRENTOIL was fully liquidated due to a sudden price plunge, resulting in a loss of $3.08 million. The whale's total losses have now exceeded $4.4 million.

A whale's BRENTOIL long positions were fully liquidated, resulting in a loss of $3.08 million.

<h2>Volatility Overview</h2><p>In the past 24 hours, the price of LIGHT rebounded from a low of $0.2491 to a high of $0.39307, currently reported at $0.36581, with an amplitude of 57.8%. The 24-hour trading volume is approximately $13.45 million, a 169.90% increase from the previous day, indicating a significant surge in market activity.</p><p></p><h2>Brief Analysis of Abnormal Fluctuations</h2><p>- Surging trading volume: 24-hour trading volume reached $13.45 million, up 169.90%, mainly concentrated on exchanges such as Heaven in the LIGHT/SOL pair, driving a rapid price rally. </p><p>- Technical breakout: The price broke through a key resistance level, accompanied by a surge in short-term buying power, and performed strongly against a broader market downturn.</p><p>No official announcements or notable on-chain whale activity have been recorded in the past 24 hours.</p><p></p><h2>Market Opinions and Outlook</h2><p>The mainstream sentiment in the X community is bullish, with several traders signaling long positions. For instance, after a 40% rise from $0.21 to $0.30, the price continues to target the $0.31-$0.38 range. AI analysis tools (such as Finora) highlight support at $0.32-$0.33; if this level holds, the price may continue rising above $0.35, but caution is advised regarding possible pullbacks near the $0.3575 resistance. It is necessary to watch for sustained trading volume and intensified short-term volatility in the near future.</p><p></p><small>Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational purposes only.</small>

Volatility Overview In the past 24 hours, the price of LIGHT rebounded from a low of $0.2491 to a high of $0.39307, currently reported at $0.36581, with an amplitude of 57.8%. The 24-hour trading volume is approximately $13.45 million, a 169.90% increase from the previous day, indicating a significant surge in market activity. Brief Analysis of Abnormal Fluctuations - Surging trading volume: 24-hour trading volume reached $13.45 million, up 169.90%, mainly concentrated on exchanges such as Heaven in the LIGHT/SOL pair, driving a rapid price rally. - Technical breakout: The price broke through a key resistance level, accompanied by a surge in short-term buying power, and performed strongly against a broader market downturn. No official announcements or notable on-chain whale activity have been recorded in the past 24 hours. Market Opinions and Outlook The mainstream sentiment in the X community is bullish, with several traders signaling long positions. For instance, after a 40% rise from $0.21 to $0.30, the price continues to target the $0.31-$0.38 range. AI analysis tools (such as Finora) highlight support at $0.32-$0.33; if this level holds, the price may continue rising above $0.35, but caution is advised regarding possible pullbacks near the $0.3575 resistance. It is necessary to watch for sustained trading volume and intensified short-term volatility in the near future. Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational purposes only.

LIGHT (Bitlight) 24h Volatility at 57.8%: Trading Volume Surges 169%, Driving Tech Rebound

<h2>EUR/USD Retreats Amid Heightened Geopolitical Tensions</h2>
<p>The EUR/USD currency pair slipped back after modest gains in the previous session, hovering near 1.1590 during Tuesday’s Asian trading. This decline comes as the US Dollar strengthens, driven by a surge in risk aversion due to intensifying conflict in the Middle East.</p>
<p>According to The Guardian, Israeli forces initiated a new round of strikes targeting Tehran on Tuesday. This escalation followed US President Donald Trump’s announcement of a temporary halt to American attacks on energy infrastructure, citing constructive discussions with Iran. The Israeli Defense Forces emphasized that their operations would persist as directed by the Israeli government until further notice.</p>
<p>Iranian Foreign Minister Abbas Araghchi asserted that there is currently “no dialogue” between Tehran and Washington. Similarly, Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated on social media that “no negotiations have been held with the US.” Mohsen Rezaei, a senior adviser to Iran’s Supreme Leader Mojtaba Khamenei, declared that the conflict would continue until Iran is fully compensated for its losses.</p>
<p>Reuters reported that Mary Daly, President of the San Francisco Federal Reserve Bank, remarked that unless the situation with Iran is resolved swiftly and the central bank can overlook a short-term spike in oil prices, the direction of future interest rate decisions remains uncertain.</p>
<p>The recent surge in oil prices has intensified inflationary pressures, reinforcing the European Central Bank’s (ECB) cautious approach. At its meeting last week, the ECB opted to keep interest rates unchanged, highlighting the Iran conflict as a major factor contributing to a “much more uncertain” economic outlook.</p>
<p>ECB officials have noted that inflation risks are rising even as growth prospects weaken, prompting markets to anticipate possible rate increases later this year. Policymakers are set to deliver remarks on Monday, and any indications of a more aggressive stance could lend support to the Euro.</p>

EUR/USD Retreats Amid Heightened Geopolitical Tensions The EUR/USD currency pair slipped back after modest gains in the previous session, hovering near 1.1590 during Tuesday’s Asian trading. This decline comes as the US Dollar strengthens, driven by a surge in risk aversion due to intensifying conflict in the Middle East. According to The Guardian, Israeli forces initiated a new round of strikes targeting Tehran on Tuesday. This escalation followed US President Donald Trump’s announcement of a temporary halt to American attacks on energy infrastructure, citing constructive discussions with Iran. The Israeli Defense Forces emphasized that their operations would persist as directed by the Israeli government until further notice. Iranian Foreign Minister Abbas Araghchi asserted that there is currently “no dialogue” between Tehran and Washington. Similarly, Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated on social media that “no negotiations have been held with the US.” Mohsen Rezaei, a senior adviser to Iran’s Supreme Leader Mojtaba Khamenei, declared that the conflict would continue until Iran is fully compensated for its losses. Reuters reported that Mary Daly, President of the San Francisco Federal Reserve Bank, remarked that unless the situation with Iran is resolved swiftly and the central bank can overlook a short-term spike in oil prices, the direction of future interest rate decisions remains uncertain. The recent surge in oil prices has intensified inflationary pressures, reinforcing the European Central Bank’s (ECB) cautious approach. At its meeting last week, the ECB opted to keep interest rates unchanged, highlighting the Iran conflict as a major factor contributing to a “much more uncertain” economic outlook. ECB officials have noted that inflation risks are rising even as growth prospects weaken, prompting markets to anticipate possible rate increases later this year. Policymakers are set to deliver remarks on Monday, and any indications of a more aggressive stance could lend support to the Euro.

EUR/USD falls under 1.1600 amid rising tensions in the Middle East

<div> 
 <p>Japanese Prime Minister Sanae Takaichi said on X post on Tuesday that the country will start releasing national oil reserves from Thursday.</p> 
 <h2 class="fxs_headline_from_medium_to_large">Key quotes</h2> 
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  <p>Japan to start releasing national oil reserves from Thursday.<br><br>Will start releasing joint oil storage along with oil producing countries by end March.</p> 
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 <p>At the time of writing, the USD/JPY pair is up 0.03% on the day at 158.48.</p> 
</div>

Japanese Prime Minister Sanae Takaichi said on X post on Tuesday that the country will start releasing national oil reserves from Thursday. Key quotes Japan to start releasing national oil reserves from Thursday. Will start releasing joint oil storage along with oil producing countries by end March. Market reaction At the time of writing, the USD/JPY pair is up 0.03% on the day at 158.48.

Japan's Takaichi says to start releasing national oil reserves from Thursday

<div>  <p>PANews reported on March 24 that the Resolv Foundation stated on the X platform that, in light of the recent <a href="https://www.panewslab.com/zh/articles/019d13ec-e265-71bf-8865-ed11c9f1ef7a" target="_blank" rel="noopener">attack incident</a>, the Resolv protocol (including its applications) has been temporarily halted in order to control the impact of the vulnerability. As a result: the Season 4 airdrop claiming feature is currently unavailable, and the staking and unstaking functions of RESOLV tokens are also temporarily unusable. All features will be restored immediately once the protocol recovery plan is finalized and the applications are secure.</p> </div>

PANews reported on March 24 that the Resolv Foundation stated on the X platform that, in light of the recent attack incident, the Resolv protocol (including its applications) has been temporarily halted in order to control the impact of the vulnerability. As a result: the Season 4 airdrop claiming feature is currently unavailable, and the staking and unstaking functions of RESOLV tokens are also temporarily unusable. All features will be restored immediately once the protocol recovery plan is finalized and the applications are secure.

Resolv Foundation: Airdrop claim function for Q4, as well as token staking and unstaking functions, are temporarily unavailable

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 <p>Citadel-backed EDXM International is preparing to launch a KRW-linked perpetual futures contract, aiming to bring blockchain trading into one of the world’s largest foreign exchange markets.</p> 
 <p>The Singapore-based exchange plans to roll out the product by April, targeting the Korean won non-deliverable forward market, which sees approximately $27 billion in daily trading volume.</p> 
 <p>The contract will be based on KRWQ, an offshore Korean won stablecoin that allows traders to gain exposure to the currency without moving actual KRW or breaching capital controls.</p> 
 <p>EDXM said the product could reduce trading costs by 50% to 75% compared with traditional NDFs, while enabling near-instant settlement using USDC.</p> 
 <p>The move marks a strategic shift for the exchange, which previously focused exclusively on crypto assets and is now expanding into traditional currency markets.</p> 
 <p>Regulatory uncertainty remains, with South Korean authorities yet to clarify their stance on offshore stablecoins and broader digital asset legislation.</p> 
 <p>The launch comes amid growing competition in KRW stablecoin development, as banks and tech firms explore similar projects, though most remain in early stages awaiting regulatory clarity.</p> 
</div>

Citadel-backed EDXM International is preparing to launch a KRW-linked perpetual futures contract, aiming to bring blockchain trading into one of the world’s largest foreign exchange markets. The Singapore-based exchange plans to roll out the product by April, targeting the Korean won non-deliverable forward market, which sees approximately $27 billion in daily trading volume. The contract will be based on KRWQ, an offshore Korean won stablecoin that allows traders to gain exposure to the currency without moving actual KRW or breaching capital controls. EDXM said the product could reduce trading costs by 50% to 75% compared with traditional NDFs, while enabling near-instant settlement using USDC. The move marks a strategic shift for the exchange, which previously focused exclusively on crypto assets and is now expanding into traditional currency markets. Regulatory uncertainty remains, with South Korean authorities yet to clarify their stance on offshore stablecoins and broader digital asset legislation. The launch comes amid growing competition in KRW stablecoin development, as banks and tech firms explore similar projects, though most remain in early stages awaiting regulatory clarity.

Wall Street crypto targets $27B FX market

<div class="text-justify"> 
 <p>NESS ZIONA, Israel, March 23, 2026  -- <strong>Sol-Gel Technologies Ltd.</strong> (the “Company”) (NASDAQ: SLGL) today announced the pricing of an underwritten offering of 459,112 ordinary shares (the “Shares”) at a price of $72.00 per Share, resulting in gross proceeds to the Company, before deducting underwriting discounts and commissions and other estimated offering expenses, of approximately $33.1 million. All of the Shares are to be sold by the Company. The offering is expected to close on or about March 25, 2026, subject to satisfaction of customary closing conditions.</p> 
 <p>The offering included participation from new and existing investors, including Great Point Partners, LLC, Trails Edge Capital Partners, Surveyor Capital (a Citadel company), Affinity Asset Advisors, Squadron Capital Management, Stonepine Capital Management and AuGC BioFund.</p> 
 <p>The Company intends to use the net proceeds from the offering to fund the continued development of SGT-610, including pre-commercialization activities and research and development, and the remainder for working capital and other general corporate purposes.</p> 
 <p>TD Cowen and LifeSci Capital are acting as joint book-running managers for the offering.</p> 
 <p>The Shares are being offered by the Company pursuant to the Company’s effective shelf registration statement on Form F-3 (File No. 333-286822) filed with the Securities and Exchange Commission (the “SEC”) on April 29, 2025, which was declared effective by the Securities and Exchange Commission on May 8, 2025, and other related documents. The Company will also file a final prospectus supplement and accompanying prospectus relating to and describing the terms of the offering with the SEC. These documents are or will be made available on the SEC’s website at www.sec.gov.</p> 
 
 <p><strong>About Sol-Gel Technologies</strong></p> 
 <p><strong>Sol-Gel&nbsp;</strong>is a specialized dermatology company advancing innovative therapies for rare and serious skin diseases. Its lead investigational candidate, SGT-610 (patidegib gel, 2%), is a Phase 3, orphan- and breakthrough-designated topical hedgehog inhibitor being developed for the prevention of new basal cell carcinoma (BCC) lesions in patients with Gorlin syndrome, with the potential to offer an improved safety profile relative to oral hedgehog inhibitors. Subject to regulatory approval in Gorlin syndrome, SGT-610 may also represent a future opportunity in high-frequency BCC. Sol-Gel is also advancing SGT-210, an investigational topical EGFR inhibitor for indications with significant unmet need, and has developed two FDA-approved dermatology products, TWYNEO® and EPSOLAY®.</p> 
 <p><strong>Forward Looking Statements</strong></p> 
 <p>This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to statements regarding the expected timing and closing of the offering, the receipt of the proceeds from the offering, the expected use of proceeds from the offering, and the development of the Phase 3 program of SGT-610 in Gorlin syndrome and its expected improved safety profile compared to oral hedgehog inhibitors and its potential future opportunity in high-frequency BCC. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. Forward-looking statements are based on information we have when those statements are made or our management’s current expectations and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to, market conditions and the satisfaction of closing conditions related to the offering and the risk that we will not successfully complete the Gorlin Phase 3 trial or the success of our clinical trials, as well as the following factors: (i) the adequacy of our financial and other resources, particularly in light of our history of recurring losses and the uncertainty regarding the adequacy of our liquidity to pursue our complete business objectives; (ii) our ability to complete the development of our product candidates; (iii) our ability to find suitable co-development partners; (iv) our ability to obtain and maintain regulatory approvals for our product candidates in our target markets, the potential delay in receiving such regulatory approvals and the possibility of adverse regulatory or legal actions relating to our product candidates even if regulatory approval is obtained; (v) our collaborators’ ability to commercialize our pharmaceutical product candidates; (vi) our ability to obtain and maintain adequate protection of our intellectual property; (vii) our collaborators’ ability to manufacture our product candidates in commercial quantities, at an adequate quality or at an acceptable cost; (viii) our collaborators’ ability to establish adequate sales, marketing and distribution channels; (ix) acceptance of our product candidates by healthcare professionals and patients; (x) the possibility that we may face third-party claims of intellectual property infringement; (xi) the timing and results of clinical trials that we may conduct or that our competitors and others may conduct relating to our or their products; (xii) intense competition in our industry, with competitors having substantially greater financial, technological, research and development, regulatory and clinical, manufacturing, marketing and sales, distribution and personnel resources than we do; (xiii) potential product liability claims; (xiv) potential adverse federal, state and local government regulation in the United States, China, Europe or Israel; and (xv) loss or retirement of key executives and research scientists; (xvi) general market, political and economic conditions in the countries in which the Company operates; and, (xvii) the current war between Israel and Hamas and any deterioration of the war in Israel into a broader regional conflict involving Israel with other parties. These factors and other important factors discussed in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 19, 2026, and our other reports filed with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. </p> 
 <p><strong>Sol-Gel&nbsp;</strong><strong>I</strong><strong>nvestor Relations</strong><strong>:</strong><br>Eyal Ben-Or <br>Chief Financial Officer<br></p> 
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NESS ZIONA, Israel, March 23, 2026 -- Sol-Gel Technologies Ltd. (the “Company”) (NASDAQ: SLGL) today announced the pricing of an underwritten offering of 459,112 ordinary shares (the “Shares”) at a price of $72.00 per Share, resulting in gross proceeds to the Company, before deducting underwriting discounts and commissions and other estimated offering expenses, of approximately $33.1 million. All of the Shares are to be sold by the Company. The offering is expected to close on or about March 25, 2026, subject to satisfaction of customary closing conditions. The offering included participation from new and existing investors, including Great Point Partners, LLC, Trails Edge Capital Partners, Surveyor Capital (a Citadel company), Affinity Asset Advisors, Squadron Capital Management, Stonepine Capital Management and AuGC BioFund. The Company intends to use the net proceeds from the offering to fund the continued development of SGT-610, including pre-commercialization activities and research and development, and the remainder for working capital and other general corporate purposes. TD Cowen and LifeSci Capital are acting as joint book-running managers for the offering. The Shares are being offered by the Company pursuant to the Company’s effective shelf registration statement on Form F-3 (File No. 333-286822) filed with the Securities and Exchange Commission (the “SEC”) on April 29, 2025, which was declared effective by the Securities and Exchange Commission on May 8, 2025, and other related documents. The Company will also file a final prospectus supplement and accompanying prospectus relating to and describing the terms of the offering with the SEC. These documents are or will be made available on the SEC’s website at www.sec.gov. About Sol-Gel Technologies Sol-Gel is a specialized dermatology company advancing innovative therapies for rare and serious skin diseases. Its lead investigational candidate, SGT-610 (patidegib gel, 2%), is a Phase 3, orphan- and breakthrough-designated topical hedgehog inhibitor being developed for the prevention of new basal cell carcinoma (BCC) lesions in patients with Gorlin syndrome, with the potential to offer an improved safety profile relative to oral hedgehog inhibitors. Subject to regulatory approval in Gorlin syndrome, SGT-610 may also represent a future opportunity in high-frequency BCC. Sol-Gel is also advancing SGT-210, an investigational topical EGFR inhibitor for indications with significant unmet need, and has developed two FDA-approved dermatology products, TWYNEO® and EPSOLAY®. Forward Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to statements regarding the expected timing and closing of the offering, the receipt of the proceeds from the offering, the expected use of proceeds from the offering, and the development of the Phase 3 program of SGT-610 in Gorlin syndrome and its expected improved safety profile compared to oral hedgehog inhibitors and its potential future opportunity in high-frequency BCC. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. Forward-looking statements are based on information we have when those statements are made or our management’s current expectations and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to, market conditions and the satisfaction of closing conditions related to the offering and the risk that we will not successfully complete the Gorlin Phase 3 trial or the success of our clinical trials, as well as the following factors: (i) the adequacy of our financial and other resources, particularly in light of our history of recurring losses and the uncertainty regarding the adequacy of our liquidity to pursue our complete business objectives; (ii) our ability to complete the development of our product candidates; (iii) our ability to find suitable co-development partners; (iv) our ability to obtain and maintain regulatory approvals for our product candidates in our target markets, the potential delay in receiving such regulatory approvals and the possibility of adverse regulatory or legal actions relating to our product candidates even if regulatory approval is obtained; (v) our collaborators’ ability to commercialize our pharmaceutical product candidates; (vi) our ability to obtain and maintain adequate protection of our intellectual property; (vii) our collaborators’ ability to manufacture our product candidates in commercial quantities, at an adequate quality or at an acceptable cost; (viii) our collaborators’ ability to establish adequate sales, marketing and distribution channels; (ix) acceptance of our product candidates by healthcare professionals and patients; (x) the possibility that we may face third-party claims of intellectual property infringement; (xi) the timing and results of clinical trials that we may conduct or that our competitors and others may conduct relating to our or their products; (xii) intense competition in our industry, with competitors having substantially greater financial, technological, research and development, regulatory and clinical, manufacturing, marketing and sales, distribution and personnel resources than we do; (xiii) potential product liability claims; (xiv) potential adverse federal, state and local government regulation in the United States, China, Europe or Israel; and (xv) loss or retirement of key executives and research scientists; (xvi) general market, political and economic conditions in the countries in which the Company operates; and, (xvii) the current war between Israel and Hamas and any deterioration of the war in Israel into a broader regional conflict involving Israel with other parties. These factors and other important factors discussed in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 19, 2026, and our other reports filed with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Sol-Gel Investor Relations: Eyal Ben-Or Chief Financial Officer

Sol-Gel Technologies Ltd. Announces Pricing of Oversubscribed Underwritten Offering

<div class="mb-4 whitespace-pre-wrap text-base leading-8 text-1">  BBX News: Yesterday, global publicly listed companies demonstrated a dual evolution in crypto treasury governance featuring “hardware manufacturing autonomy” and “multifaceted compute sovereignty,” marking a new phase where top computing power providers are using technological barriers to lock in existing supply: <br> — Hardware delivery milestone: Bitdeer (NASDAQ: $BTDR) begins large-scale delivery of Sealminer A1, signifying its ultimate leap from “compute operator” to “infrastructure technology provider,” completely breaking the industry’s dependency on a single hardware supply chain. <br> — Sovereign cloud compute breakthrough: Cipher Mining (NASDAQ: $CIFR) launches “Sovereign AI Cloud” segment deployment. By deeply coupling AI computing power with Bitcoin treasury, CIFR is building an independent financial base powered by energy and algorithms, unimpacted by fiat currency fluctuations. <br> — Compute scale supremacy: CleanSpark (NASDAQ: $CLSK) targets 35 EH/s. Using non-mining revenue generated from grid load regulation (Grid Credits), CLSK has successfully achieved a “second hedge” on Bitcoin single-coin mining costs. <br> — Pharmaceutical reference model: Acurx Pharmaceuticals (NASDAQ: $ACXP) completes its first coin purchase. As a representative of non-native enterprises in 2026, ACXP demonstrates how “hard assets” can protect long-cycle R&D funds from inflation erosion. <br> — Green energy credit innovation: Iris Energy (NASDAQ: $IREN) explores denomination-based debt financing. Before the 21 million coin final supply, the binding of green energy indicators and hash rate is becoming a key criterion for global sovereign wealth funds to evaluate “future credit.” <br> The market is exhibiting a clear dual occurrence of “compute infrastructure sovereignty” and “treasury strategies penetrating across industries.” <br> Source: bbx.com </div>

BBX News: Yesterday, global publicly listed companies demonstrated a dual evolution in crypto treasury governance featuring “hardware manufacturing autonomy” and “multifaceted compute sovereignty,” marking a new phase where top computing power providers are using technological barriers to lock in existing supply: — Hardware delivery milestone: Bitdeer (NASDAQ: $BTDR) begins large-scale delivery of Sealminer A1, signifying its ultimate leap from “compute operator” to “infrastructure technology provider,” completely breaking the industry’s dependency on a single hardware supply chain. — Sovereign cloud compute breakthrough: Cipher Mining (NASDAQ: $CIFR) launches “Sovereign AI Cloud” segment deployment. By deeply coupling AI computing power with Bitcoin treasury, CIFR is building an independent financial base powered by energy and algorithms, unimpacted by fiat currency fluctuations. — Compute scale supremacy: CleanSpark (NASDAQ: $CLSK) targets 35 EH/s. Using non-mining revenue generated from grid load regulation (Grid Credits), CLSK has successfully achieved a “second hedge” on Bitcoin single-coin mining costs. — Pharmaceutical reference model: Acurx Pharmaceuticals (NASDAQ: $ACXP) completes its first coin purchase. As a representative of non-native enterprises in 2026, ACXP demonstrates how “hard assets” can protect long-cycle R&D funds from inflation erosion. — Green energy credit innovation: Iris Energy (NASDAQ: $IREN) explores denomination-based debt financing. Before the 21 million coin final supply, the binding of green energy indicators and hash rate is becoming a key criterion for global sovereign wealth funds to evaluate “future credit.” The market is exhibiting a clear dual occurrence of “compute infrastructure sovereignty” and “treasury strategies penetrating across industries.” Source: bbx.com

BBX: “Hardware Autonomy” and “Sovereign AI” convergence—Bitdeer A1 launches global delivery, Cipher builds AI computing power sharding

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    Stripe’s Machine Payments Protocol eliminates human delays that have prevented small payments for years by allowing AI agents handle them. 
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  <p></p> 
  <p><span style="font-weight: 400;">Stripe launched its Machine Payments Protocol (MPP) on March 18, 2026, to turn payments into instant transactions alongside tasks such as fetching data, using APIs, or running workflows.</span></p> 
  <h3><span><span style="font-weight: 400;">Stripe removes people so machines can pay automatically</span></span></h3> 
  <p><span style="font-weight: 400;">Micropayments cost just a few cents or less and work on the idea that users pay small amounts each time they use a service rather than paying large subscription fees, but they never worked at scale for more than 30 years.</span></p> 
  <p><span style="font-weight: 400;">The excuses for failure were always weak systems, poor design, or lack of infrastructure, but the real problem has always been the users who create friction at every step of the process. Behind the scenes, people abandoned carts or avoided systems that require constant approval because approving repeated payments feels annoying, even if they cost a few cents.</span></p> 
  <p><span style="font-weight: 400;">Developers tried to build micropayments into browsers, use wallet-based systems to simplify payments, and reduce fees with crypto, but every fix failed because they depended on humans to approve each payment.</span></p> 
  <p><span style="font-weight: 400;">Stripe’s Machine Payments Protocol uses an AI agent, a software system, or an automated workflow that acts on its own within predefined rules to make payments, removing humans from the process because they often hesitate and delay transactions.</span></p> 
  <p><span style="font-weight: 400;">The system removes checkout pages, carts, and approval steps, as AI agents automatically request, pay for, and receive data or access to a service without pausing to ask a human for approval.</span></p> 
  <p><span style="font-weight: 400;">As a result, transactions happen between machines and systems (machine-to-machine payments) rather than between people and businesses.&nbsp;</span></p> 
  <p><span style="font-weight: 400;">AI agents make payments more efficient and already handle tasks such as procurement, finance operations, software workflows, and customer interactions across many industries.</span></p> 
  <p><span style="font-weight: 400;">The model is successful because, unlike humans, machines cannot simply choose a free alternative if their workflow depends on a specific service, since payment becomes required rather than optional.</span></p> 
  <p><span style="font-weight: 400;">Similarly, adoption is faster, and users don’t need to learn new tools because systems like MPP can integrate with existing infrastructure, such as card networks, banking systems, digital wallets, and stablecoins.</span></p> 
  <p><span style="font-weight: 400;">Moreover, businesses are first in line to adopt these new systems because they value automation that saves time and reduces manual work, given their complex workflows and frequent payments.</span></p> 
  <p><span style="font-weight: 400;">Micropayments failed because humans were part of every transaction, but the system can finally expand because machines will take over that role.</span></p> 
  <h3><span><span style="font-weight: 400;">Machine payments create real use cases that crypto could not scale before</span></span></h3> 
  <p><span style="font-weight: 400;">Crypto promised small, low-cost financial transactions and new ways to build business models around pay-per-use services rather than subscriptions, but it still failed because users had to approve each transaction, manage wallets, understand fees, and confirm actions.</span></p> 
  <p><span style="font-weight: 400;">Stripe uses automation and existing infrastructure to make decisions within predefined rules and connect these actions to real payment systems such as cards, banks, and stablecoins, without user interaction.&nbsp;</span></p> 
  <p><span style="font-weight: 400;">For example, most APIs today use subscription-based pricing or prepaid credits, leading to overpaying for unused capacity because users must commit money before they even know how much they will use. There’s also friction when people are required to create accounts, enter payment details, and choose pricing plans before making even a single request.</span></p> 
  <p><span style="font-weight: 400;">Machine payments remove subscriptions, prepaid cards, and the risk of overpaying because requests, payments, and responses occur together without delay or approval.</span></p> 
  <p><span style="font-weight: 400;">Similarly, IoT devices can now pay for what they need in real time, making them useful in real-world situations. </span><span style="font-weight: 400;">For example, a factory sensor can detect a problem and pay for a diagnostic service to analyze the issue, or a smart energy meter can buy electricity from another source based on price and availability.</span></p> 
  <p><span style="font-weight: 400;">Machine payments make these use cases possible because transactions are extremely small, fast, and frequent, and humans cannot handle them without slowing the system.&nbsp;</span></p> 
  <p><span style="font-weight: 400;">Autonomous vehicles have also joined the trend, as electric vehicles can connect to a station, agree on a price, and complete payment automatically, faster than any human could.&nbsp;</span></p> 
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  <p><span style="font-weight: 400;">In addition, machine payments enable accurate cost tracking in cloud computing by allowing services to pay each other for compute power, storage, or data access in real time.&nbsp;</span></p> 
  <p><span style="font-weight: 400;">It is also worth noting that stablecoins are ideal for frequent and small transactions in machine payments because they offer low costs, fast settlement, and the ability to be programmed into systems. In fact, stablecoin transaction volumes have reached about $3.9 trillion this year, and total volumes hit $33 trillion in 2025, with USDC alone processing $18.3 trillion.</span></p> 
  <p><span style="font-weight: 400;">Businesses don’t need to change how they operate or understand blockchain technology because Stripe uses stablecoins like USDC while also connecting them to existing payment systems.</span></p> 
  <p><span style="font-weight: 400;">At the same time, machine-to-machine payments use protocols like MPP and x402 to allow payments to occur directly within the communication between systems. Likewise, the system includes verification systems and tools that prevent fraud and ensure that only trusted agents can transact.</span></p> 
  <p><span style="font-weight: 400;">Systems now include limits, rules, and tracking in digital wallets t</span><span style="font-weight: 400;">o fully audit every transaction</span><span style="font-weight: 400;">, as well as safety features such as kill switches, compliance tools, and risk management systems that allow humans to step in when needed.</span></p> 
  <p><span style="font-weight: 400;">Ultimately, payments can finally scale naturally without friction, all because machines can now pay, earn, and operate in a fully connected digital economy.</span></p> 
 </div> 
</div>

Stripe’s Machine Payments Protocol eliminates human delays that have prevented small payments for years by allowing AI agents handle them. Stripe launched its Machine Payments Protocol (MPP) on March 18, 2026, to turn payments into instant transactions alongside tasks such as fetching data, using APIs, or running workflows. Stripe removes people so machines can pay automatically Micropayments cost just a few cents or less and work on the idea that users pay small amounts each time they use a service rather than paying large subscription fees, but they never worked at scale for more than 30 years. The excuses for failure were always weak systems, poor design, or lack of infrastructure, but the real problem has always been the users who create friction at every step of the process. Behind the scenes, people abandoned carts or avoided systems that require constant approval because approving repeated payments feels annoying, even if they cost a few cents. Developers tried to build micropayments into browsers, use wallet-based systems to simplify payments, and reduce fees with crypto, but every fix failed because they depended on humans to approve each payment. Stripe’s Machine Payments Protocol uses an AI agent, a software system, or an automated workflow that acts on its own within predefined rules to make payments, removing humans from the process because they often hesitate and delay transactions. The system removes checkout pages, carts, and approval steps, as AI agents automatically request, pay for, and receive data or access to a service without pausing to ask a human for approval. As a result, transactions happen between machines and systems (machine-to-machine payments) rather than between people and businesses. AI agents make payments more efficient and already handle tasks such as procurement, finance operations, software workflows, and customer interactions across many industries. The model is successful because, unlike humans, machines cannot simply choose a free alternative if their workflow depends on a specific service, since payment becomes required rather than optional. Similarly, adoption is faster, and users don’t need to learn new tools because systems like MPP can integrate with existing infrastructure, such as card networks, banking systems, digital wallets, and stablecoins. Moreover, businesses are first in line to adopt these new systems because they value automation that saves time and reduces manual work, given their complex workflows and frequent payments. Micropayments failed because humans were part of every transaction, but the system can finally expand because machines will take over that role. Machine payments create real use cases that crypto could not scale before Crypto promised small, low-cost financial transactions and new ways to build business models around pay-per-use services rather than subscriptions, but it still failed because users had to approve each transaction, manage wallets, understand fees, and confirm actions. Stripe uses automation and existing infrastructure to make decisions within predefined rules and connect these actions to real payment systems such as cards, banks, and stablecoins, without user interaction. For example, most APIs today use subscription-based pricing or prepaid credits, leading to overpaying for unused capacity because users must commit money before they even know how much they will use. There’s also friction when people are required to create accounts, enter payment details, and choose pricing plans before making even a single request. Machine payments remove subscriptions, prepaid cards, and the risk of overpaying because requests, payments, and responses occur together without delay or approval. Similarly, IoT devices can now pay for what they need in real time, making them useful in real-world situations. For example, a factory sensor can detect a problem and pay for a diagnostic service to analyze the issue, or a smart energy meter can buy electricity from another source based on price and availability. Machine payments make these use cases possible because transactions are extremely small, fast, and frequent, and humans cannot handle them without slowing the system. Autonomous vehicles have also joined the trend, as electric vehicles can connect to a station, agree on a price, and complete payment automatically, faster than any human could. In addition, machine payments enable accurate cost tracking in cloud computing by allowing services to pay each other for compute power, storage, or data access in real time. It is also worth noting that stablecoins are ideal for frequent and small transactions in machine payments because they offer low costs, fast settlement, and the ability to be programmed into systems. In fact, stablecoin transaction volumes have reached about $3.9 trillion this year, and total volumes hit $33 trillion in 2025, with USDC alone processing $18.3 trillion. Businesses don’t need to change how they operate or understand blockchain technology because Stripe uses stablecoins like USDC while also connecting them to existing payment systems. At the same time, machine-to-machine payments use protocols like MPP and x402 to allow payments to occur directly within the communication between systems. Likewise, the system includes verification systems and tools that prevent fraud and ensure that only trusted agents can transact. Systems now include limits, rules, and tracking in digital wallets to fully audit every transaction, as well as safety features such as kill switches, compliance tools, and risk management systems that allow humans to step in when needed. Ultimately, payments can finally scale naturally without friction, all because machines can now pay, earn, and operate in a fully connected digital economy.

Stripe’s Machine Payments could unlock what crypto failed to deliver

Glonhui March 24th | According to Bloomberg citing sources, Swedish streaming platform Spotify has reduced its podcast team as part of an organizational restructuring, planning to lay off 15 employees, accounting for about 3% of its podcast team, in order to reduce management layers and speed up decision-making. In addition, Spotify’s partnership with the Ringer sports program "New York, New York" and John Jastremski will come to an end.

Spotify reportedly plans to cut 3% of its podcast team

<div class="w-full whitespace-pre-line DetailContent_detail__pRaS_ mt-[16px]">  <p>1. Balancer co-founder announced the closure of Balancer Labs; the protocol will shift to a DAO and foundation structure for continued operation.</p>  <p>2. Blockchain Capital staked 6,400 ETH, valued at 13.82 million USD.</p>  <p>3. FT: Fifteen minutes before Trump posted about Iran negotiations, traders made $580 million bets on the oil market.</p>  <p>4. An address deposited 2.25 million USD USDC into Hyperliquid and opened a $10 million GOLD long position.</p>  <p>5. Iranian media: US and Israel attacked two Iranian energy infrastructures.</p>  <p>6. Jensen Huang stated "We have achieved AGI," and on Polymarket, the probability that "OpenAI announces AGI achieved before 2027" has risen to 30%.</p>  <p>7. BlackRock CEO: Tokenization can make investing from a phone as easy as making payments.</p>  <p>8. Polymarket referral program is now open to all traders with over $10,000 in trading volume.</p>  <p>9. Bloomberg: Australian pension funds are considering offering members cryptocurrency investment options.</p>  <p>10. OG High Stakes Capital sold 450,000 HYPE at an average price of $38.05 in the past 12 hours.</p> </div>

1. Balancer co-founder announced the closure of Balancer Labs; the protocol will shift to a DAO and foundation structure for continued operation. 2. Blockchain Capital staked 6,400 ETH, valued at 13.82 million USD. 3. FT: Fifteen minutes before Trump posted about Iran negotiations, traders made $580 million bets on the oil market. 4. An address deposited 2.25 million USD USDC into Hyperliquid and opened a $10 million GOLD long position. 5. Iranian media: US and Israel attacked two Iranian energy infrastructures. 6. Jensen Huang stated "We have achieved AGI," and on Polymarket, the probability that "OpenAI announces AGI achieved before 2027" has risen to 30%. 7. BlackRock CEO: Tokenization can make investing from a phone as easy as making payments. 8. Polymarket referral program is now open to all traders with over $10,000 in trading volume. 9. Bloomberg: Australian pension funds are considering offering members cryptocurrency investment options. 10. OG High Stakes Capital sold 450,000 HYPE at an average price of $38.05 in the past 12 hours.

Odaily Morning News

<h2 style="text-align: justify;"><img src="https://img.bgstatic.com/multiLang/web/ab6fdc4001194f9fa0568aa9fca2e207.png" width="900"></h2> 
<h2 style="text-align: justify;">I. Hotspot News</h2> 
<h3 style="text-align: justify;">Fed Developments</h3> 
<p style="text-align: justify;"><strong>Fed Governor Miran Sticks to Baseline Expectation of Four Rate Cuts This Year</strong></p> 
<ul style="text-align: justify;"> 
 <li>Miran emphasized that short-term oil price volatility from Middle East tensions is not sufficient to alter the baseline path of four rate cuts this year; last week he cast a dissenting vote in favor of an immediate 25 bps cut.</li> 
 <li>Governor Goolsbee added that the latest round of inflation pressure triggered by Middle East developments has made the situation challenging, with the labor market near full employment while inflation remains well above the 2% target.</li> 
 <li>Market impact: Rate-cut expectations may face near-term adjustment, but the baseline path remains intact. Persistent high oil prices would prioritize inflation risks, potentially pressuring bond yields higher.</li> 
</ul> 
<h3 style="text-align: justify;">International Commodities</h3> 
<p style="text-align: justify;"><strong>Crude Transit Through Strait of Hormuz Resumes, SPR Release Probability Extremely Low</strong></p> 
<ul style="text-align: justify;"> 
 <li>The first supertanker carrying 2 million barrels of Iraqi crude passed through the strait successfully — the first successful transit since the conflict escalated.</li> 
 <li>U.S. Energy Secretary Wright stated that another SPR release is possible but extremely unlikely; current daily releases of 1–1.5 million barrels are underway and could be scaled up to 3 million if needed.</li> 
 <li>Market impact: Supply concerns eased in the short term. Oil prices remain elevated but have not yet triggered meaningful demand destruction. Consumers may face several weeks of high prices; de-escalation of geopolitical risk is supportive for risk assets.</li> 
</ul> 
<h3 style="text-align: justify;">Macro Policy</h3> 
<p style="text-align: justify;"><strong>US-Iran Talks Appear in a “Rashomon” Scenario, White House Remains Cautious</strong></p> 
<ul style="text-align: justify;"> 
 <li>Trump stated that Iran “very much wants a deal” and an agreement could be reached in as little as five days or even sooner, with key points already formed.</li> 
 <li>White House Press Secretary Levitt stressed that the situation is still fluid and would not confirm via media whether talks are occurring this week; separate reports suggested the U.S. considered targeting Iran’s parliament speaker, which Iran denied.</li> 
 <li>Market impact: Optimistic headlines boosted risk appetite and drove a sharp equity rally, but sustainability depends on actual progress and could amplify short-term volatility.</li> 
</ul> 
<h2 style="text-align: justify;">II. Market Recap</h2> 
<h3 style="text-align: justify;">Commodities &amp; FX Performance</h3> 
<ul style="text-align: justify;"> 
 <li><a href="https://www.bitget.com/spot/XAUTUSDT">Spot Gold</a>: After a sharp pullback to $4,098.75 yesterday, stabilized and rebounded modestly to $4,369 today; 24H -0.79%. Risk-on sentiment and oil price swings helped shake off panic selling; short-term bottoming signs are emerging but still capped by dollar strength and inflation expectations.</li> 
 <li><a href="https://www.bitgettradfi.com/tradfi/XAGUSD">Spot Silver</a>: Followed gold lower yesterday to $60.99 before rebounding to $67.93; 24H -1.54%. Gold/silver ratio continued to compress to ~61:1; dual drivers of industrial demand and safe-haven attributes give silver stronger resilience and better rebound elasticity than gold.</li> 
 <li><a href="https://www.bitgettradfi.com/tradfi/USOUSD">WTI Crude</a>: Surged after yesterday’s &gt;9% plunge, rebounding technically to $90.47; 24H +2.4%. Geopolitical de-escalation digested, triggering short-term oversold bounce; supply recovery and demand uncertainty continue to cap upside; focus shifts to inventory data and actual Hormuz transit flows.</li> 
 <li><a href="https://www.bitgettradfi.com/tradfi/UKOUSD">Brent Crude</a>: Pulled back sharply from highs yesterday, then stabilized and rose to $97.76; 24H +1.79%. Remains in high-level consolidation; supply side easing but geopolitical risk premium not fully removed; price action shows topping signs in the $100–102 zone; still driven primarily by Middle East developments.</li> 
 <li><strong>US Dollar Index</strong>: Modest rebound to 99.359; 24H +0.23%. Touched lows of 99.09–99.17 yesterday before recovering; early risk-on pressure was offset by inflation expectations and Fed path uncertainty; short-term consolidation above the 99 level.</li> 
</ul> 
<h3 style="text-align: justify;">Cryptocurrency Performance</h3> 
<ul style="text-align: justify;"> 
 <li><strong>BTC</strong>: 24H +4.3% at ~$70,600. Geopolitical de-escalation and equity risk-on rebound fueled strong upside; price rapidly lifted from prior low near $67,600, exiting consolidation and shifting to short-term bullish momentum; watch resistance at $71,000–72,000.</li> 
 <li><strong>ETH</strong>: 24H +4.7% at ~$2,140. Followed broader market rebound but with slightly lower beta; ETF inflows continue to provide floor support; near-term focus on whether $2,200 can be decisively cleared.</li> 
 <li><strong>Total Crypto Market Cap</strong>: 24H +3.6% to ~$2.50 trillion. BTC dominance ~58.4–58.6% (slight fluctuation or minor rise); broad risk-on sentiment drove altcoin participation, though BTC remains the leader; volume expansion signals capital returning.</li> 
 <li><strong>Market Liquidations</strong>: 24H total ~$661 million (longs $291M, shorts $371M). After prior short squeeze, today saw profit-taking longs and some callback liquidations; overall size larger than yesterday, reflecting elevated leverage activity.</li> 
</ul> 
<p><img src="https://img.bgstatic.com/multiLang/web/eb1c3854a6481c1d72fcb651852e7aca.png" width="900"></p> 
<ul style="text-align: justify;"> 
 <li><strong>Bitget BTC/USDT Liquidation Heatmap</strong>: Current price ~$70,658. Lower long liquidation clusters largely cleared; upper 71,500–74,000 zone shows significantly denser short-side leverage — structure favors upside short squeeze. Cumulative liquidation curve indicates short-side pressure &gt; long-side pressure, mildly bullish bias (short-squeeze tilt), though high-leverage concentration near $72,000 could amplify volatility.</li> 
 <li><strong>Spot ETF Net Flows</strong>: BTC spot ETFs net inflow ~$640 million yesterday; ETH spot ETFs net outflow ~$160 million yesterday.</li> 
 <li><strong>BTC Spot Flows</strong>: Yesterday inflows $3.18 billion, outflows $3.054 billion, net inflow $126 million.</li> 
</ul> 
<h3 style="text-align: justify;">US Equity Indices</h3> 
<p><img src="https://img.bgstatic.com/multiLang/web/1c684fcb2b9af1b09604352f13ee3e27.jpeg" width="900"></p> 
<ul style="text-align: justify;"> 
 <li><strong>Dow Jones</strong>: +1.38% at 46,208.47, second consecutive day of gains.</li> 
 <li><strong>S&amp;P 500</strong>: +1.15% at 6,581, driven by short squeeze dynamics.</li> 
 <li><strong>Nasdaq</strong>: +1.38% at 21,946.76, led by technology and AI sectors.</li> 
</ul> 
<h3 style="text-align: justify;">Tech Mega-Cap Performance</h3> 
<ul style="text-align: justify;"> 
 <li><a href="https://www.bitget.cloud/futures/usdt/NVDAUSDT">NVIDIA (NVDA) </a>+1.7% at $177.66 — macro risk-on + strong AI infrastructure demand (Blackwell outlook robust).</li> 
 <li><a href="https://www.bitget.cloud/futures/usdt/AAPLUSDT">Apple (AAPL)</a> +1.41% at $251.49 — WWDC 2026 announcement with major AI focus; record iPhone upgrade cycle and ecosystem shift thesis.</li> 
 <li><a href="https://www.bitget.cloud/futures/usdt/GOOGLUSDT">Alphabet-A (GOOGL)</a> +0.35% at $302.65 — broad tech recovery; Gemini progress and cloud AI growth supportive.</li> 
 <li><a href="https://www.bitget.cloud/futures/usdt/MSFTUSDT">Microsoft (MSFT)</a> +0.3% at $383.5 — steady Azure/AI adoption; acts as “software tax” beneficiary in AI cycle.</li> 
 <li><a href="https://www.bitget.cloud/futures/usdt/amznUSDT">Amazon (AMZN)</a> +2.32% at $210.14 — AWS AI capex acceleration + resilient e-commerce/advertising.</li> 
 <li><a href="https://www.bitget.cloud/futures/usdt/tsmUSDT">TSMC (TSM) </a>+2.8% at $338.45 — robust advanced node demand (HBM4, etc.); direct beneficiary of AI foundry boom.</li> 
 <li><a href="https://www.bitget.cloud/futures/usdt/METAUSDT">Meta (META)</a> +1.75% at $604.47 — AI application rollout + resource reallocation strategy endorsed by Goldman.</li> 
 <li><a href="https://www.bitget.cloud/futures/usdt/avgoUSDT">Broadcom (AVGO)</a> +4.1% at ~$323.84 — custom AI silicon + optical interconnect demand surge. <strong>Core driver</strong>: Optimistic US-Iran deal comments sharply reduced geopolitical risk premium, triggering broad risk-asset rally and short squeeze. AI infrastructure investment theme (chips, cloud, interconnect) remains dominant; storage/optical/advanced process demand exceeding expectations further amplified semiconductor &amp; cloud giant elasticity.</li> 
</ul> 
<h3 style="text-align: justify;">Sector Outperformance</h3> 
<p style="text-align: justify;"><strong>Memory Chip Sector</strong> — Strong expected upside</p> 
<ul style="text-align: justify;"> 
 <li>Key names: Micron (MU), Seagate (STX), Western Digital (WDC)</li> 
 <li>Driver: Wedbush forecasts DRAM prices +130–150% and NAND near triple-digit gains in H1 2026 due to severe supply-demand imbalance exceeding consensus.</li> 
</ul> 
<p style="text-align: justify;"><strong>Optical Communications Sector</strong> — Broad gains</p> 
<ul style="text-align: justify;"> 
 <li>Key names: Applied Optoelectronics (AAOI) +9.39%, Lumentum +3.2%, Corning +5.13%</li> 
 <li>Driver: AAOI announced $53 million 800G module order after-hours; persistent AI compute demand continues to pull sector higher.</li> 
</ul> 
<h2 style="text-align: justify;">III. In-Depth Single-Stock Analysis</h2> 
<ol style="text-align: justify;"> 
 <li><strong>Apple Inc. – WWDC 2026 Scheduled</strong><strong>Event Summary</strong>: Apple confirmed WWDC 2026 for June 8–12, with keynote highlighting “major AI advancements” and updates across iOS, macOS, etc. Bloomberg notes iOS 27 debut as Apple’s AI counterattack starting point. <strong>Market View</strong>: Institutions see the event as a key demonstration of Apple’s AI catch-up capability; investors focused on system-level AI integration. <strong>Investment Insight</strong>: WWDC has historically been a strong ecosystem catalyst — monitor Apple supply chain and software/services for near-term opportunities.</li> 
 <li><strong>Meta Platforms – Strategic Reorg Gains Goldman Endorsement</strong><strong>Event Summary</strong>: Meta’s layoffs, spending cuts, and model delays sparked AI capex concerns. Goldman counters this is deliberate resource reallocation from low-efficiency to high-value AI compute with remaining cost flexibility. <strong>Market View</strong>: Goldman expects ongoing efficiency-growth rebalancing to drive continued positive EPS revisions — not “wintering” but “cage swapping.” <strong>Investment Insight</strong>: Strategic pivot strengthens long-term competitiveness; Meta valuation may find support — suitable for tracking AI application progress.</li> 
 <li><strong>Micron Technology – Explosive Memory Price Rise Forecast</strong><strong>Event Summary</strong>: Wedbush report highlights intensifying DRAM/NAND supply-demand imbalance; expects triple-digit price gains in H1 2026, with DRAM +130–150%. <strong>Market View</strong>: Institutions believe demand recovery is faster than expected, directly benefiting memory producers. <strong>Investment Insight</strong>: Price cycle upturn underway — position in core memory chain names and watch for outsized earnings leverage in H1 2026.</li> 
 <li><strong>Alibaba – DAMO Academy May Unveil Major Chip Product</strong><strong>Event Summary</strong>: DAMO Academy potentially releasing significant chip product today targeting AI Agent compute needs; tomorrow hosts 2026 XuanTie RISC-V Ecosystem Conference (last year debuted server-grade RISC-V CPU). <strong>Market View</strong>: Seen as important step in Alibaba’s AI infrastructure buildout; high market attention. <strong>Investment Insight</strong>: Chip breakthrough could strengthen Alibaba Cloud competitiveness — track conference details and market reaction closely.</li> 
 <li><strong>Applied Optoelectronics – Secures Large 800G Order</strong><strong>Event Summary</strong>: After-hours announcement of $53 million 800G module order; shares rose further post-announcement. <strong>Market View</strong>: Order validates robust AI compute demand; benefits entire optical comms sector. <strong>Investment Insight</strong>: Order landing improves earnings visibility — monitor sustained optical module demand.</li> 
</ol> 
<h2 style="text-align: justify;">IV. Crypto Project Updates</h2> 
<ol style="text-align: justify;"> 
 <li>BlackRock staked ETH ETF (ETHB) attracted $155 million net inflows on debut day, emerging as a new institutional highlight after Bitcoin ETFs; monthly staking yield distribution enhances appeal.</li> 
 <li>BTC spot ETFs saw three consecutive days of outflows, but March cumulative flows remain positive; institutional accumulation trend intact, with whales continuing to buy near $70,000.</li> 
 <li>Solana Foundation released report “Privacy on Solana: A Comprehensive Approach for Modern Enterprises,” positioning privacy as customizable rather than binary; argues next phase of crypto adoption hinges on enterprise control over data disclosure.</li> 
 <li>SEC &amp; CFTC joint interpretive release 33-11412 classifies most native tokens of decentralized networks as digital commodities and clarifies that staking, LSDs, wrapped tokens, and compliant airdrops do not constitute securities offerings; enables previously difficult fundraising models including LGSP, CPA, and SARR structures.</li> 
 <li>Strategy expanded ATM financing capacity by $44.1 billion (new $21B Class A common, $21B STRC preferred, $2.1B STRK preferred); added Moelis, Alliance, StoneX as sales agents; adjusted authorized shares accordingly.</li> 
 <li>Strategy purchased 1,031 BTC between March 16–22 for ~$76.6 million (avg. $74,326); total holdings reached 762,099 BTC as of March 22, aggregate cost ~$57.69 billion, blended average ~$75,694.</li> 
 <li>CoinShares weekly report: Digital asset investment products saw inflows slow to $230 million last week amid “hawkish hold” Fed interpretation; pre-FOMC inflows strong but post-meeting $405 million outflows; Bitcoin products +$219 million inflows while short-Bitcoin products still saw $60 million inflows, highlighting increased two-way positioning.</li> 
</ol> 
<h2 style="text-align: justify;">V. Today’s Market Calendar</h2> 
<h3 style="text-align: justify;">Data Release Schedule</h3> 
<div style="text-align: justify;"> 
 <div> 
  <div> 
   <table> 
    <tbody> 
     <tr> 
      <td>09:45</td> 
      <td>US</td> 
      <td>S&amp;P Global Manufacturing PMI</td> 
      <td>⭐⭐⭐⭐</td> 
     </tr> 
     <tr> 
      <td>09:45</td> 
      <td>US</td> 
      <td>S&amp;P Global Services PMI</td> 
      <td>⭐⭐⭐</td> 
     </tr> 
     <tr> 
      <td>09:45</td> 
      <td>US</td> 
      <td>S&amp;P Global Composite PMI</td> 
      <td>⭐⭐⭐⭐</td> 
     </tr> 
    </tbody> 
   </table> 
  </div> 
 </div> 
 <div>
   &nbsp; 
 </div> 
 <div>
   &nbsp; 
 </div> 
</div> 
<h3 style="text-align: justify;">Key Event Preview</h3> 
<ul style="text-align: justify;"> 
 <li><strong>March 24 (Tuesday)</strong> 
  <ol> 
   <li>S&amp;P Global March Manufacturing &amp; Services PMI flash prints (leading indicator; watch manufacturing resilience amid geopolitical shocks).</li> 
   <li>Fed Barr speech (clues on monetary policy path).</li> 
  </ol> </li> 
 <li><strong>March 25 (Wednesday)</strong> 
  <ol> 
   <li>PDD Holdings earnings (pre-market) — focus on narrowing cross-border losses, Temu overseas expansion, and domestic competition pressure; major sentiment driver for Chinese internet names.</li> 
   <li>Fed Miran speech.</li> 
  </ol> </li> 
 <li><strong>March 26 (Thursday)</strong> 
  <ol> 
   <li>US weekly initial jobless claims (20:30) — high-frequency labor market gauge.</li> 
   <li>Multiple Fed speakers (Jefferson, Barr, etc.) — validate recent policy path and inflation response.</li> 
   <li>G7 Foreign Ministers meeting (26–27) — watch statements on Middle East/Hormuz/energy supply.</li> 
  </ol> </li> 
 <li><strong>March 27 (Friday)</strong> 
  <ol> 
   <li>March University of Michigan consumer sentiment final print — monitor geopolitical/oil price impact on consumer mood and inflation expectations.</li> 
  </ol> </li> 
</ul> 
<p style="text-align: justify;"><strong>This Week’s Core US Equity Themes</strong>: Hormuz crisis dominates (oil price, inflation, energy sector volatility), CERAWeek geopolitical energy discussions, dense Fed speaker schedule, key economic prints (PMI, jobs, confidence), PDD earnings. Geopolitical uncertainty + high oil prices expected to drive significantly elevated volatility; energy and inflation-sensitive sectors most exposed.</p> 
<h3 style="text-align: justify;">Institutional Views</h3> 
<p style="text-align: justify;">Castle Securities strategist Scott Rubner notes record short positions face covering risk; geopolitical de-escalation could trigger powerful rebounds, with hedge funds and systematic strategies likely to drive buying. Wedbush analysts stress memory chip price increases far exceed expectations, directly benefiting MU, STX, WDC. Goldman views Meta’s layoffs as deliberate resource reallocation rather than passive contraction, with continued EPS upside potential. Overall, markets remain highly sensitive to positive catalysts, but oil prices and inflation pressures continue to weigh on Fed path. In crypto, while BTC ETFs saw short-term outflows, cumulative inflows remain solid; institutions are using dips to accumulate. Risk sentiment follows equity rebound, with near-term focus on the $70,000 psychological level and liquidation clusters. Geopolitical de-escalation remains the week’s largest variable — investors should balance exposure and closely watch tonight’s PMI data.</p> 
<p style="text-align: justify;">Disclaimer: The above content is compiled by AI search and manually verified for release only; it does not constitute any investment advice.</p>

I. Hotspot News Fed Developments Fed Governor Miran Sticks to Baseline Expectation of Four Rate Cuts This Year Miran emphasized that short-term oil price volatility from Middle East tensions is not sufficient to alter the baseline path of four rate cuts this year; last week he cast a dissenting vote in favor of an immediate 25 bps cut. Governor Goolsbee added that the latest round of inflation pressure triggered by Middle East developments has made the situation challenging, with the labor market near full employment while inflation remains well above the 2% target. Market impact: Rate-cut expectations may face near-term adjustment, but the baseline path remains intact. Persistent high oil prices would prioritize inflation risks, potentially pressuring bond yields higher. International Commodities Crude Transit Through Strait of Hormuz Resumes, SPR Release Probability Extremely Low The first supertanker carrying 2 million barrels of Iraqi crude passed through the strait successfully — the first successful transit since the conflict escalated. U.S. Energy Secretary Wright stated that another SPR release is possible but extremely unlikely; current daily releases of 1–1.5 million barrels are underway and could be scaled up to 3 million if needed. Market impact: Supply concerns eased in the short term. Oil prices remain elevated but have not yet triggered meaningful demand destruction. Consumers may face several weeks of high prices; de-escalation of geopolitical risk is supportive for risk assets. Macro Policy US-Iran Talks Appear in a “Rashomon” Scenario, White House Remains Cautious Trump stated that Iran “very much wants a deal” and an agreement could be reached in as little as five days or even sooner, with key points already formed. White House Press Secretary Levitt stressed that the situation is still fluid and would not confirm via media whether talks are occurring this week; separate reports suggested the U.S. considered targeting Iran’s parliament speaker, which Iran denied. Market impact: Optimistic headlines boosted risk appetite and drove a sharp equity rally, but sustainability depends on actual progress and could amplify short-term volatility. II. Market Recap Commodities & FX Performance Spot Gold: After a sharp pullback to $4,098.75 yesterday, stabilized and rebounded modestly to $4,369 today; 24H -0.79%. Risk-on sentiment and oil price swings helped shake off panic selling; short-term bottoming signs are emerging but still capped by dollar strength and inflation expectations. Spot Silver: Followed gold lower yesterday to $60.99 before rebounding to $67.93; 24H -1.54%. Gold/silver ratio continued to compress to ~61:1; dual drivers of industrial demand and safe-haven attributes give silver stronger resilience and better rebound elasticity than gold. WTI Crude: Surged after yesterday’s >9% plunge, rebounding technically to $90.47; 24H +2.4%. Geopolitical de-escalation digested, triggering short-term oversold bounce; supply recovery and demand uncertainty continue to cap upside; focus shifts to inventory data and actual Hormuz transit flows. Brent Crude: Pulled back sharply from highs yesterday, then stabilized and rose to $97.76; 24H +1.79%. Remains in high-level consolidation; supply side easing but geopolitical risk premium not fully removed; price action shows topping signs in the $100–102 zone; still driven primarily by Middle East developments. US Dollar Index: Modest rebound to 99.359; 24H +0.23%. Touched lows of 99.09–99.17 yesterday before recovering; early risk-on pressure was offset by inflation expectations and Fed path uncertainty; short-term consolidation above the 99 level. Cryptocurrency Performance BTC: 24H +4.3% at ~$70,600. Geopolitical de-escalation and equity risk-on rebound fueled strong upside; price rapidly lifted from prior low near $67,600, exiting consolidation and shifting to short-term bullish momentum; watch resistance at $71,000–72,000. ETH: 24H +4.7% at ~$2,140. Followed broader market rebound but with slightly lower beta; ETF inflows continue to provide floor support; near-term focus on whether $2,200 can be decisively cleared. Total Crypto Market Cap: 24H +3.6% to ~$2.50 trillion. BTC dominance ~58.4–58.6% (slight fluctuation or minor rise); broad risk-on sentiment drove altcoin participation, though BTC remains the leader; volume expansion signals capital returning. Market Liquidations: 24H total ~$661 million (longs $291M, shorts $371M). After prior short squeeze, today saw profit-taking longs and some callback liquidations; overall size larger than yesterday, reflecting elevated leverage activity. Bitget BTC/USDT Liquidation Heatmap: Current price ~$70,658. Lower long liquidation clusters largely cleared; upper 71,500–74,000 zone shows significantly denser short-side leverage — structure favors upside short squeeze. Cumulative liquidation curve indicates short-side pressure > long-side pressure, mildly bullish bias (short-squeeze tilt), though high-leverage concentration near $72,000 could amplify volatility. Spot ETF Net Flows: BTC spot ETFs net inflow ~$640 million yesterday; ETH spot ETFs net outflow ~$160 million yesterday. BTC Spot Flows: Yesterday inflows $3.18 billion, outflows $3.054 billion, net inflow $126 million. US Equity Indices Dow Jones: +1.38% at 46,208.47, second consecutive day of gains. S&P 500: +1.15% at 6,581, driven by short squeeze dynamics. Nasdaq: +1.38% at 21,946.76, led by technology and AI sectors. Tech Mega-Cap Performance NVIDIA (NVDA) +1.7% at $177.66 — macro risk-on + strong AI infrastructure demand (Blackwell outlook robust). Apple (AAPL) +1.41% at $251.49 — WWDC 2026 announcement with major AI focus; record iPhone upgrade cycle and ecosystem shift thesis. Alphabet-A (GOOGL) +0.35% at $302.65 — broad tech recovery; Gemini progress and cloud AI growth supportive. Microsoft (MSFT) +0.3% at $383.5 — steady Azure/AI adoption; acts as “software tax” beneficiary in AI cycle. Amazon (AMZN) +2.32% at $210.14 — AWS AI capex acceleration + resilient e-commerce/advertising. TSMC (TSM) +2.8% at $338.45 — robust advanced node demand (HBM4, etc.); direct beneficiary of AI foundry boom. Meta (META) +1.75% at $604.47 — AI application rollout + resource reallocation strategy endorsed by Goldman. Broadcom (AVGO) +4.1% at ~$323.84 — custom AI silicon + optical interconnect demand surge. Core driver: Optimistic US-Iran deal comments sharply reduced geopolitical risk premium, triggering broad risk-asset rally and short squeeze. AI infrastructure investment theme (chips, cloud, interconnect) remains dominant; storage/optical/advanced process demand exceeding expectations further amplified semiconductor & cloud giant elasticity. Sector Outperformance Memory Chip Sector — Strong expected upside Key names: Micron (MU), Seagate (STX), Western Digital (WDC) Driver: Wedbush forecasts DRAM prices +130–150% and NAND near triple-digit gains in H1 2026 due to severe supply-demand imbalance exceeding consensus. Optical Communications Sector — Broad gains Key names: Applied Optoelectronics (AAOI) +9.39%, Lumentum +3.2%, Corning +5.13% Driver: AAOI announced $53 million 800G module order after-hours; persistent AI compute demand continues to pull sector higher. III. In-Depth Single-Stock Analysis Apple Inc. – WWDC 2026 ScheduledEvent Summary: Apple confirmed WWDC 2026 for June 8–12, with keynote highlighting “major AI advancements” and updates across iOS, macOS, etc. Bloomberg notes iOS 27 debut as Apple’s AI counterattack starting point. Market View: Institutions see the event as a key demonstration of Apple’s AI catch-up capability; investors focused on system-level AI integration. Investment Insight: WWDC has historically been a strong ecosystem catalyst — monitor Apple supply chain and software/services for near-term opportunities. Meta Platforms – Strategic Reorg Gains Goldman EndorsementEvent Summary: Meta’s layoffs, spending cuts, and model delays sparked AI capex concerns. Goldman counters this is deliberate resource reallocation from low-efficiency to high-value AI compute with remaining cost flexibility. Market View: Goldman expects ongoing efficiency-growth rebalancing to drive continued positive EPS revisions — not “wintering” but “cage swapping.” Investment Insight: Strategic pivot strengthens long-term competitiveness; Meta valuation may find support — suitable for tracking AI application progress. Micron Technology – Explosive Memory Price Rise ForecastEvent Summary: Wedbush report highlights intensifying DRAM/NAND supply-demand imbalance; expects triple-digit price gains in H1 2026, with DRAM +130–150%. Market View: Institutions believe demand recovery is faster than expected, directly benefiting memory producers. Investment Insight: Price cycle upturn underway — position in core memory chain names and watch for outsized earnings leverage in H1 2026. Alibaba – DAMO Academy May Unveil Major Chip ProductEvent Summary: DAMO Academy potentially releasing significant chip product today targeting AI Agent compute needs; tomorrow hosts 2026 XuanTie RISC-V Ecosystem Conference (last year debuted server-grade RISC-V CPU). Market View: Seen as important step in Alibaba’s AI infrastructure buildout; high market attention. Investment Insight: Chip breakthrough could strengthen Alibaba Cloud competitiveness — track conference details and market reaction closely. Applied Optoelectronics – Secures Large 800G OrderEvent Summary: After-hours announcement of $53 million 800G module order; shares rose further post-announcement. Market View: Order validates robust AI compute demand; benefits entire optical comms sector. Investment Insight: Order landing improves earnings visibility — monitor sustained optical module demand. IV. Crypto Project Updates BlackRock staked ETH ETF (ETHB) attracted $155 million net inflows on debut day, emerging as a new institutional highlight after Bitcoin ETFs; monthly staking yield distribution enhances appeal. BTC spot ETFs saw three consecutive days of outflows, but March cumulative flows remain positive; institutional accumulation trend intact, with whales continuing to buy near $70,000. Solana Foundation released report “Privacy on Solana: A Comprehensive Approach for Modern Enterprises,” positioning privacy as customizable rather than binary; argues next phase of crypto adoption hinges on enterprise control over data disclosure. SEC & CFTC joint interpretive release 33-11412 classifies most native tokens of decentralized networks as digital commodities and clarifies that staking, LSDs, wrapped tokens, and compliant airdrops do not constitute securities offerings; enables previously difficult fundraising models including LGSP, CPA, and SARR structures. Strategy expanded ATM financing capacity by $44.1 billion (new $21B Class A common, $21B STRC preferred, $2.1B STRK preferred); added Moelis, Alliance, StoneX as sales agents; adjusted authorized shares accordingly. Strategy purchased 1,031 BTC between March 16–22 for ~$76.6 million (avg. $74,326); total holdings reached 762,099 BTC as of March 22, aggregate cost ~$57.69 billion, blended average ~$75,694. CoinShares weekly report: Digital asset investment products saw inflows slow to $230 million last week amid “hawkish hold” Fed interpretation; pre-FOMC inflows strong but post-meeting $405 million outflows; Bitcoin products +$219 million inflows while short-Bitcoin products still saw $60 million inflows, highlighting increased two-way positioning. V. Today’s Market Calendar Data Release Schedule 09:45 US S&P Global Manufacturing PMI ⭐⭐⭐⭐ 09:45 US S&P Global Services PMI ⭐⭐⭐ 09:45 US S&P Global Composite PMI ⭐⭐⭐⭐ Key Event Preview March 24 (Tuesday) S&P Global March Manufacturing & Services PMI flash prints (leading indicator; watch manufacturing resilience amid geopolitical shocks). Fed Barr speech (clues on monetary policy path). March 25 (Wednesday) PDD Holdings earnings (pre-market) — focus on narrowing cross-border losses, Temu overseas expansion, and domestic competition pressure; major sentiment driver for Chinese internet names. Fed Miran speech. March 26 (Thursday) US weekly initial jobless claims (20:30) — high-frequency labor market gauge. Multiple Fed speakers (Jefferson, Barr, etc.) — validate recent policy path and inflation response. G7 Foreign Ministers meeting (26–27) — watch statements on Middle East/Hormuz/energy supply. March 27 (Friday) March University of Michigan consumer sentiment final print — monitor geopolitical/oil price impact on consumer mood and inflation expectations. This Week’s Core US Equity Themes: Hormuz crisis dominates (oil price, inflation, energy sector volatility), CERAWeek geopolitical energy discussions, dense Fed speaker schedule, key economic prints (PMI, jobs, confidence), PDD earnings. Geopolitical uncertainty + high oil prices expected to drive significantly elevated volatility; energy and inflation-sensitive sectors most exposed. Institutional Views Castle Securities strategist Scott Rubner notes record short positions face covering risk; geopolitical de-escalation could trigger powerful rebounds, with hedge funds and systematic strategies likely to drive buying. Wedbush analysts stress memory chip price increases far exceed expectations, directly benefiting MU, STX, WDC. Goldman views Meta’s layoffs as deliberate resource reallocation rather than passive contraction, with continued EPS upside potential. Overall, markets remain highly sensitive to positive catalysts, but oil prices and inflation pressures continue to weigh on Fed path. In crypto, while BTC ETFs saw short-term outflows, cumulative inflows remain solid; institutions are using dips to accumulate. Risk sentiment follows equity rebound, with near-term focus on the $70,000 psychological level and liquidation clusters. Geopolitical de-escalation remains the week’s largest variable — investors should balance exposure and closely watch tonight’s PMI data. Disclaimer: The above content is compiled by AI search and manually verified for release only; it does not constitute any investment advice.

Bitget UEX Daily｜U.S. Abandons Plans to Bomb Iranian Energy Facilities; Oil Shipments Through the Strait of Hormuz Resume; Memory Chips Expected to Surge on Supply-Demand Imbalance (March 24, 2026)

Golden Ten Data reported on March 24 that on March 24 local time, Japanese Prime Minister Sanae Takaichi stated at a cabinet meeting on the Middle East situation that the government would begin releasing national oil reserves starting March 26. In addition, Takaichi said that the "joint reserves with oil-producing countries" stored in Japan by Middle Eastern oil exporters are also expected to begin releasing within March. Previously, in response to the Japanese government's request, on the morning of March 16, Japanese private companies began releasing approximately 15 days' worth of private oil reserves. The total release volume is about 80 million barrels, equivalent to 45 days of Japan's oil supply, marking the largest release since Japan established its national oil reserve system in 1978.

Japan will begin releasing national oil reserves on the 26th.

<h2>Impact of the Iran Conflict on Global Trade</h2>
<p>The ongoing conflict involving Iran has entered its fourth week, resulting in the near-total closure of the vital Strait of Hormuz to maritime traffic. This situation poses a significant threat to the world economy, as a substantial share of key commodities typically transits through this strategic passage en route to international markets.</p>
<p>Among the most affected is crude oil, with disruptions now impacting up to one-fifth of the global supply. Other essential products are also experiencing considerable interruptions, including:</p>
<ul>
  <li>Refined petroleum products (15–25% of worldwide supply)</li>
  <li>Urea (30%)</li>
  <li>Sulphur (45%)</li>
  <li>Helium (30%)</li>
  <li>Methanol (46%)</li>
  <li>Liquefied natural gas (20%)</li>
</ul>
<p>For New Zealand, the situation is particularly acute, as the country has relied entirely on imported liquid fuels since 2022.</p>

Impact of the Iran Conflict on Global Trade The ongoing conflict involving Iran has entered its fourth week, resulting in the near-total closure of the vital Strait of Hormuz to maritime traffic. This situation poses a significant threat to the world economy, as a substantial share of key commodities typically transits through this strategic passage en route to international markets. Among the most affected is crude oil, with disruptions now impacting up to one-fifth of the global supply. Other essential products are also experiencing considerable interruptions, including: Refined petroleum products (15–25% of worldwide supply) Urea (30%) Sulphur (45%) Helium (30%) Methanol (46%) Liquefied natural gas (20%) For New Zealand, the situation is particularly acute, as the country has relied entirely on imported liquid fuels since 2022.

New Zealand Economy Report: March 2026

<div class="rich_text_content mt-6">  <p>ChainCatcher news, according to Golden Ten Data, Euro Stoxx 50 Index futures fell by 0.6%, German DAX Index futures fell by 0.4%, and FTSE 100 Index futures fell by 0.2%.</p> </div>

ChainCatcher news, according to Golden Ten Data, Euro Stoxx 50 Index futures fell by 0.6%, German DAX Index futures fell by 0.4%, and FTSE 100 Index futures fell by 0.2%.

Major European stock index futures generally fell, with the Euro Stoxx 50 Index down 0.6%.

The digital asset market has entered a new phase. Speculation no longer defines the conversation. Institutions now shape it. Over the past few years, capital markets have integrated digital assets into core financial infrastructure. The shift moved from questioning institutional participation to examining how institutions are redesigning global finance systems. We are proud to announce the launch of the BeInCrypto 100 Institutional Awards!The awards spotlight the companies at the intersection between digital assets and TradFi. Nominees will be evaluated by a panel of judges drawn from BeInCryptos council of industry experts.Start BeInCrypto (@beincrypto) March 23, 2026 As a journalist, I have tracked this transition closely. What began as a fringe movement now sits within modern portfolio construction. Milestones such as spot ETF approvals and the rapid expansion of tokenized real-world assets (RWAs) signal a more mature and structured market. At the same time, accountability has become critical. BeInCrypto has reported on the sectors growth with a focus on transparency and scrutiny. Our coverage has reached policymakers across jurisdictions, including Capitol Hill and the European Commission. With more than 150 specialists operating across 26 languages, our newsroom maintains a global perspective on institutional adoption. Why This Isnt Just Another Awards Program The BeInCrypto 100 Institutional Awards focus on substance over visibility. This is not a popularity contest. It does not reward marketing reach or brand recognition. Instead, it evaluates the entities building the foundations of the digital asset ecosystem. We designed the selection process to reflect measurable impact: Expert Council Adjudication: A panel of industry specialists from the BeInCrypto Expert Councils reviews each candidate. These professionals bring direct experience in institutional infrastructure, compliance, and market structure. Data-Driven Selection: A structured methodology underpins every decision. We assess candidates using defined performance metrics tied to infrastructure development, adoption, and execution quality. This approach ensures that every Best in Category designation reflects verifiable contribution rather than narrative dominance.

The BeInCrypto 100 Institutional Awards

SIREN, a BNB Chain token tied to the AI-agent narrative, has surged more than 800% over the past month, briefly pushing its market cap above $1.5 billion. The rally accelerated this week after a sharp short squeeze and rising retail interest drove prices to a new all-time high. However, on-chain analysts warn the move may not reflect broad demand. SIREN Price Rally. Source: CoinGecko SIREN Rally Might Not Be Organic Hype Data shared by Bubblemaps shows that a single cluster of linked wallets controls roughly 47%50% of the total SIREN supply. This cluster, spread across dozens of wallets, appears to have accumulated tokens in coordinated batches before redistributing them across multiple addresses. Meanwhile, one large withdrawalworth around $1 billionmoved nearly half the supply out of a structured holding contract into active wallets. Analysts say this shift increases direct control over tokens and reduces the effective circulating supply. As a result, the market may be thinner than it appears. Warning: 🚨 One entity controls ~50% of $SIRENOne cluster holding over $1,000,000,000This only ends one way pic.twitter.com/czgthkU8rz Bubblemaps (@bubblemaps) March 23, 2026 When a small group controls a large share of supply, even modest buying pressure can trigger outsized price moves. This dynamic can also fuel liquidations in leveraged markets, accelerating gains through forced buying. At the same time, blockchain investigator ZachXBT noted that some of these wallets show links to addresses previously associated with tokens tied to DWF Labs, a market maker that has faced repeated scrutiny over alleged price manipulation and opaque trading practices. I started graphing the 48.5% SIREN cluster today on BSC and noticed the addresses link to several obscure DWF affiliated tokens onchain (LADYS, RACA, TOMO, etc) ZachXBT (@zachxbt) March 23, 2026 Taken together, analysts argue the rally may rely more on concentrated ownership and low float mechanics than organic user growth. For now, momentum remains strong. But the same structure that drove the surge could also amplify downside if large holders begin to exit positions.

Analysts Flag Major Risk after SIREN Rallies 800% on BNB Chain

<div class="rich_text_content mt-6">  <p><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">According to ChainCatcher, based on BBX data, global listed companies continued to strengthen treasury sovereignty through asset swaps and targeted accumulation yesterday. The core data is as follows:</span></p>  <ul>   <li> <p><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">212 DCA purchases: Semler Scientific (NASDAQ: $SMLR)</span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;"> disclosed yesterday that it increased its holdings by </span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">212 BTC</span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;"> at an average cost of about $75,100. Its total current holdings have reached </span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">2,032 BTC</span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">.</span></p> </li>   <li> <p><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">$2 million second-phase accumulation: Acurx Pharmaceuticals (NASDAQ: $ACXP)</span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;"> confirmed yesterday that it has completed the second batch of its </span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">$2 million</span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;"> Bitcoin purchase plan. The company stated that the execution cycle of its treasury anti-inflation strategy has been adjusted from quarterly to monthly.</span></p> </li>   <li> <p><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">1.2% monthly yield: DeFi Technologies (CBOE: $DEFTF)</span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;"> disclosed yesterday that its BTC treasury achieved a </span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">1.2% net yield</span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;"> in March. The company announced it will introduce staked SOL for the first time as a diversification supplement to its treasury.</span></p> </li>   <li> <p><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">$5 million “gold-to-crypto” swap: Metals One PLC (LSE: $MET1)</span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;"> announced yesterday that its first batch of </span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">$5 million</span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;"> gold reserves has been successfully swapped into an equivalent amount of Bitcoin, marking the company’s transition to “hard asset” treasury is entering the operational phase.</span></p> </li>   <li> <p><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">3,000 BTC reserves milestone: TeraWulf (NASDAQ: $WULF)</span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;"> announced yesterday that its "zero-carbon" BTC reserves have officially surpassed </span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">3,000 BTC</span><span style="font-size: inherit; font-family: PingFang SC,Helvetica Neue,Helvetica,Arial,Hiragino Sans GB,Heiti SC,Microsoft YaHei,WenQuanYi Micro Hei,sans-serif;">, and reiterated its commitment to a retention rate of over 90% of production.</span></p> </li>  </ul> </div>

According to ChainCatcher, based on BBX data, global listed companies continued to strengthen treasury sovereignty through asset swaps and targeted accumulation yesterday. The core data is as follows: 212 DCA purchases: Semler Scientific (NASDAQ: $SMLR) disclosed yesterday that it increased its holdings by 212 BTC at an average cost of about $75,100. Its total current holdings have reached 2,032 BTC. $2 million second-phase accumulation: Acurx Pharmaceuticals (NASDAQ: $ACXP) confirmed yesterday that it has completed the second batch of its $2 million Bitcoin purchase plan. The company stated that the execution cycle of its treasury anti-inflation strategy has been adjusted from quarterly to monthly. 1.2% monthly yield: DeFi Technologies (CBOE: $DEFTF) disclosed yesterday that its BTC treasury achieved a 1.2% net yield in March. The company announced it will introduce staked SOL for the first time as a diversification supplement to its treasury. $5 million “gold-to-crypto” swap: Metals One PLC (LSE: $MET1) announced yesterday that its first batch of $5 million gold reserves has been successfully swapped into an equivalent amount of Bitcoin, marking the company’s transition to “hard asset” treasury is entering the operational phase. 3,000 BTC reserves milestone: TeraWulf (NASDAQ: $WULF) announced yesterday that its "zero-carbon" BTC reserves have officially surpassed 3,000 BTC, and reiterated its commitment to a retention rate of over 90% of production.

Semler increases holdings by 212 BTC, ACXP completes a $2 million additional investment, MET1 gold swap successfully added to the books

<div> 
 <p>John Haar, managing director at Swan Private, says the policy response to COVID remains one of the clearest catalysts for Bitcoin adoption in recent years and argued that another large-scale round of money creation is likely a matter of when, not if. In an interview with Milk Road, Haar said the next “big print” may emerge within the next three to 24 months, driven by anything from war and banking stress to pension insolvency or AI-related labor disruption.</p> 
 <h2 class="ftwp-heading">The Next Big Print Favors Bitcoin</h2> 
 <p>Haar framed the argument less as a prediction of an imminent event and more as a recurring feature of the monetary system. He pointed to COVID-era stimulus and balance sheet expansion as a lived experience that changed how many investors thought about fiat risk and scarcity.</p> 
 <p>“Like you said, two big prints kind of in most people’s adult lifetime, and the most recent one being COVID,” Haar said. “And I can just say, I saw firsthand how many people that affected people to say, whoa, that, you know, as all those things I said, they can just print money, stimulus checks, et cetera, et cetera. But I also, this is not just a theory, because I’ve seen it firsthand, hundreds of clients at SWAN who I’ve talked to.”</p> 
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 <p>That direct client experience appeared central to his point. Haar said one of the first questions he asks new clients is about their “Bitcoin story,” and he described a recurring pattern among those who entered the asset after witnessing the monetary and fiscal response to the pandemic. In his telling, COVID did not merely validate a macro thesis for existing Bitcoin holders; it created a new cohort of buyers who saw policy discretion up close and drew their own conclusions.</p> 
 <p>He tied that experience to a broader historical rhythm. Referencing Lawrence Lappard’s book The Big Print, Haar suggested that periodic bursts of money creation are not anomalies but episodes the system revisits “with some frequency.” He stopped well short of calling for an immediate repeat, however, and explicitly pushed back on near-term alarmism.</p> 
 <p>“I’m not one of these people who’s saying it’s going to happen next month,” Haar said. “That’s usually too premature. You should typically fade those calls. But I do think it is a matter of time.”</p> 
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 <p>A notable part of Haar’s argument was psychological rather than purely macroeconomic. As the COVID shock recedes further into the rearview mirror, he said, investors risk slipping back into complacency. “As more years go by, this is just human nature,” he said, adding that people begin to forget “how crazy that monetary response was” and return to a kind of policy normalcy bias. In his view, that fading memory does not reduce the odds of another major intervention; it simply makes markets less mentally prepared for one.</p> 
 <div class="jeg_block_heading jeg_block_heading_6 related-news-title__related-news"> 
  <h2 class="jeg_block_title"><span>Related Reading</span></h2> 
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    <div class="block-article__content"> 
          
     <span class="block-article__author"> 2 days ago</span> 
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 </div> 
 <p>He then laid out a range of possible triggers. A “large scale geopolitical war or military mobilization” was one, though he said current tensions do not yet qualify and would need to escalate much further. He also pointed to AI-driven labor displacement, state budget collapses, pension insolvency, renewed regional banking stress, a private credit crisis, structural entitlement expansion through programs such as Social Security, Medicaid, Medicare or student loan forgiveness, and major climate or natural disasters.</p> 
 <blockquote class="twitter-tweet"> 
  <p>The next big print is coming (bookmark this).</p> 
  <p>Timeline: 3 to 24 months.</p> 
  <p>The triggers: AI job displacement, state budget collapses, pension insolvency, regional bank crises, geopolitical war.</p> 
  <p>“I believe that one of those things or multiple of those things will happen.” </p> 
  <p>— Milk Road (@MilkRoad) March 22, 2026</p> 
 </blockquote> 
 <p>“And then lastly, this has kind of been on the list for all of human history,” Haar said, “but if there’s some sort of major climate disaster or natural disaster, something like that could cause a big print. So I know I just threw a lot out there in the list, but I believe that one of those things or multiple of those things will happen at some point in the next, you know, three to 24 months.”</p> 
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 <p>At press time, BTC traded at $70,861.</p> 
 <div> 
  <img class="size-full wp-image-888575" src="https://img.bgstatic.com/spider-data/fc3130069232eeea62a8670d0792f2261774314584480.png" width="1024">  Bitcoin must break above $74,500, 1-week chart | Source: 
   
 </div> 
</div>

John Haar, managing director at Swan Private, says the policy response to COVID remains one of the clearest catalysts for Bitcoin adoption in recent years and argued that another large-scale round of money creation is likely a matter of when, not if. In an interview with Milk Road, Haar said the next “big print” may emerge within the next three to 24 months, driven by anything from war and banking stress to pension insolvency or AI-related labor disruption. The Next Big Print Favors Bitcoin Haar framed the argument less as a prediction of an imminent event and more as a recurring feature of the monetary system. He pointed to COVID-era stimulus and balance sheet expansion as a lived experience that changed how many investors thought about fiat risk and scarcity. “Like you said, two big prints kind of in most people’s adult lifetime, and the most recent one being COVID,” Haar said. “And I can just say, I saw firsthand how many people that affected people to say, whoa, that, you know, as all those things I said, they can just print money, stimulus checks, et cetera, et cetera. But I also, this is not just a theory, because I’ve seen it firsthand, hundreds of clients at SWAN who I’ve talked to.” var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid607465 = window.pid607465 || rnd; var plc607465 = window.plc607465 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=172179;size=0x0;setID=607465;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid607465+';place='+(plc607465++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; document.write(' '); if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = "https://servedbyadbutler.com/app.js";var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());} var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; var abkw = window.abkw || ""; var plc366606 = window.plc366606 || 0; (function(){ var divs = document.querySelectorAll(".plc366606:not([id])"); var div = divs[divs.length-1]; div.id = "placement_366606_"+plc366606; AdButler.ads.push({handler: function(opt){ AdButler.register(172179, 366606, [728,90], "placement_366606_"+opt.place, opt); }, opt: { place: plc366606++, keywords: abkw, domain: "servedbyadbutler.com", click:"CLICK_MACRO_PLACEHOLDER" }}); })(); Related Reading 18 hours ago That direct client experience appeared central to his point. Haar said one of the first questions he asks new clients is about their “Bitcoin story,” and he described a recurring pattern among those who entered the asset after witnessing the monetary and fiscal response to the pandemic. In his telling, COVID did not merely validate a macro thesis for existing Bitcoin holders; it created a new cohort of buyers who saw policy discretion up close and drew their own conclusions. He tied that experience to a broader historical rhythm. Referencing Lawrence Lappard’s book The Big Print, Haar suggested that periodic bursts of money creation are not anomalies but episodes the system revisits “with some frequency.” He stopped well short of calling for an immediate repeat, however, and explicitly pushed back on near-term alarmism. “I’m not one of these people who’s saying it’s going to happen next month,” Haar said. “That’s usually too premature. You should typically fade those calls. But I do think it is a matter of time.” var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid607472 = window.pid607472 || rnd; var plc607472 = window.plc607472 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=172179;size=0x0;setID=607472;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid607472+';place='+(plc607472++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; document.write(' '); if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = "https://servedbyadbutler.com/app.js";var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());} var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; var abkw = window.abkw || ""; var plc452518 = window.plc452518 || 0; (function(){ var divs = document.querySelectorAll(".plc452518:not([id])"); var div = divs[divs.length-1]; div.id = "placement_452518_"+plc452518; AdButler.ads.push({handler: function(opt){ AdButler.register(172179, 452518, [728,90], "placement_452518_"+opt.place, opt); }, opt: { place: plc452518++, keywords: abkw, domain: "servedbyadbutler.com", click:"CLICK_MACRO_PLACEHOLDER" }}); })(); A notable part of Haar’s argument was psychological rather than purely macroeconomic. As the COVID shock recedes further into the rearview mirror, he said, investors risk slipping back into complacency. “As more years go by, this is just human nature,” he said, adding that people begin to forget “how crazy that monetary response was” and return to a kind of policy normalcy bias. In his view, that fading memory does not reduce the odds of another major intervention; it simply makes markets less mentally prepared for one. Related Reading 2 days ago He then laid out a range of possible triggers. A “large scale geopolitical war or military mobilization” was one, though he said current tensions do not yet qualify and would need to escalate much further. He also pointed to AI-driven labor displacement, state budget collapses, pension insolvency, renewed regional banking stress, a private credit crisis, structural entitlement expansion through programs such as Social Security, Medicaid, Medicare or student loan forgiveness, and major climate or natural disasters. The next big print is coming (bookmark this). Timeline: 3 to 24 months. The triggers: AI job displacement, state budget collapses, pension insolvency, regional bank crises, geopolitical war. “I believe that one of those things or multiple of those things will happen.” — Milk Road (@MilkRoad) March 22, 2026 “And then lastly, this has kind of been on the list for all of human history,” Haar said, “but if there’s some sort of major climate disaster or natural disaster, something like that could cause a big print. So I know I just threw a lot out there in the list, but I believe that one of those things or multiple of those things will happen at some point in the next, you know, three to 24 months.” var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid607473 = window.pid607473 || rnd; var plc607473 = window.plc607473 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=172179;size=0x0;setID=607473;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid607473+';place='+(plc607473++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; document.write(' '); if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());} var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; var abkw = window.abkw || ''; var plc452519 = window.plc452519 || 0; (function(){ var divs = document.querySelectorAll(".plc452519:not([id])"); var div = divs[divs.length-1]; div.id = "placement_452519_"+plc452519; AdButler.ads.push({handler: function(opt){ AdButler.register(172179, 452519, [728,90], 'placement_452519_'+opt.place, opt); }, opt: { place: plc452519++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }}); })(); At press time, BTC traded at $70,861. Bitcoin must break above $74,500, 1-week chart | Source:

Next Major Bitcoin Catalyst May Be A New 'Big Print': Expert

<div class="flash-content"> 
 <p>BlockBeats News, March 24th, according to <a href="https://t.me/Coinbob_track_EN" target="_blank">Coinbob Popular Address Monitor</a> data, the international oil price fell yesterday due to the news that Trump announced a five-day pause in military strikes against Iran and entered a negotiation stage. Within the past two hours, "Hyperliquid Early Contributor Loracle" has heavily closed out the xyz:CL long position, with the closing range between $89.0 and $90.0, slightly higher than the opening price, making a total profit of approximately $350,000. Currently, the address still holds a xyz:CL long position worth about $400,000, with a floating profit of around $10,000.</p> 
 <p><br></p> 
 <p>The remaining holdings are as follows:</p> 
 <p>A HYPE long position worth about $20.8839 million, with a floating loss of $90,000 and a liquidation price of $2.15;</p> 
 <p>A PAXG long position worth about $1.63 million, with a floating loss of approximately $330,000.</p> 
 <p></p> 
</div>

BlockBeats News, March 24th, according to Coinbob Popular Address Monitor data, the international oil price fell yesterday due to the news that Trump announced a five-day pause in military strikes against Iran and entered a negotiation stage. Within the past two hours, "Hyperliquid Early Contributor Loracle" has heavily closed out the xyz:CL long position, with the closing range between $89.0 and $90.0, slightly higher than the opening price, making a total profit of approximately $350,000. Currently, the address still holds a xyz:CL long position worth about $400,000, with a floating profit of around $10,000. The remaining holdings are as follows: A HYPE long position worth about $20.8839 million, with a floating loss of $90,000 and a liquidation price of $2.15; A PAXG long position worth about $1.63 million, with a floating loss of approximately $330,000.

Trump Sends Negotiation Signal Oil Price Under Pressure, 'Hyperliquid Early Contributor Loracle' Massively Liquidates Crude Oil (CL) Long Position

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