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According to the latest "March 2026 Private Wealth Management Monthly Report" released by Gate, in March, BTC and ETH overall showed a "decline followed by stabilization" repair structure. Institutional allocation is centered on BTC, with ETH as a supplement. In March, BTC ETF saw a cumulative inflow of approximately $86.8 billion, while ETH ETF saw about $12.6 billion.Gate's private wealth quantitative fund performed steadily, with an average annual return of 5.7% for the USDT strategy. The Xinghe Smart Investment (USDT) had the highest return rate in the past year, reaching 9.5%. The Interstellar Hedge (USDT) achieved a cumulative return rate of 18.0%, with all 21 periods realizing positive returns, resulting in a total win rate of 100%. At the end of March, the situation in the Strait of Hormuz marginally eased, and the market's expectations leaned more towards a short-term disturbance scenario, with oil prices and inflation shocks being controllable, allowing risk assets to maintain moderate performance.

According to official news, Gate will launch a Crazy Wednesday Flower Event from April 8 at 14:00 to April 12 at 16:00 (UTC+8). During the event, users can complete multiple tasks such as flash exchanges, spot trading, contracts, deposits, invitations, residual coin treasure, and on-chain earning to get a chance to open blind boxes and win prizes like XPIN, lucky bags, and trips for two to Kyoto, Keukenhof Gardens, and Provence, with a 100% winning rate.In addition, a limited-time USDT 14-day fixed-term financial product will be launched, with an annualized return of up to 8%, and new users can enjoy a 100% annualized return for 3 days. Both new and existing users can also participate in residual coin treasure financial products like USAT, USDD, 0G, APT, AZTEC, IDOS, with annualized returns of up to 300%. At the same time, users who sign up to participate in on-chain earning BTC, ETH, and SOL mining can enjoy increased annualized returns during the event, with staking annualized returns of up to 16%.

BIT released a chart today stating that cryptocurrency spot trading volume has significantly declined, with the average daily trading amount dropping from $41 billion in December 2024 to $26.6 billion in October 2025, and in the past 30 days it has fallen to only $8 billion.Spot trading volume is a key indicator of altcoin performance, reflecting market participation and risk appetite. The current contraction in trading activity helps explain the continued weakness of altcoins: sluggish trading activity translates into lackluster price trends and worsening market sentiment. For any sustained altcoin rally to truly kick off, a substantial rebound in trading volume is necessary.In the absence of clear catalysts, the likelihood of a broad-based rally is low. Current trading volume is concentrating on a few assets, and overall market participation remains relatively low.

According to market news, OpenAI CEO Sam Altman privately stated this year that he hopes the company can complete its IPO as early as the fourth quarter; CFO Sarah Friar has revealed to several colleagues that she believes the company will not be ready for an IPO until 2026, citing reasons including the required processes and organizational workload, as well as the financial risks associated with high computing power procurement commitments.Internally, Altman has repeatedly excluded Friar from financial decisions. In recent months, he did not invite Friar to participate in discussions with a top investor regarding server procurement, with one attendee describing her absence as "notable and awkward," as she had participated in previous meetings on the same topic. Since August of last year, Friar has no longer reported directly to Altman, but instead reports to application business head Fidji Simo, breaking the norm where CFOs of large companies typically report directly to the CEO.On the financial front, OpenAI has committed to investing over $600 billion in cloud servers over the next five years, with internal forecasts predicting that it will consume over $200 billion in cash before achieving positive cash flow. The $122 billion financing commitment announced this week primarily comes from Amazon and Nvidia, both of which are also OpenAI's cloud server and chip suppliers, creating a circular capital arrangement. Anthropic has surpassed OpenAI to become the preferred AI model for enterprises and developers, and OpenAI's revenue growth is also slowing.Preparations for the IPO have quietly begun: OpenAI has engaged the law firms Cooley and Wachtell Lipton Rosen & Katz and has had preliminary communications with the IPO teams at Goldman Sachs and Morgan Stanley. Altman privately expressed a desire to go public before Anthropic, which is currently discussing its IPO plans for the fourth quarter of this year. The two executives later issued a joint statement saying they are "completely aligned on the computing power strategy."

According to the official announcement, Binance has launched 13 new AI Agent skills, and the AI Agent can now access the full range of Binance products: from advanced derivatives trading and algorithm execution to fiat, payments, yield generation, and tokenized securities.Through a unified interface, the AI Agent can now fully execute end-to-end workflows ------ from research and discovery to trading, settlement, and portfolio management, without the need to switch any tools.

CryptoQuant analyst Darkfost stated that over 40% of altcoins are currently trading at or near historical lows, a figure that exceeds the previous peak of about 38% during the bear market. The cryptocurrency market continues to be affected by escalating geopolitical tensions, with altcoins being hit particularly hard.Darkfost also mentioned that the large number of cryptocurrencies directly leads to liquidity dilution, making altcoins increasingly vulnerable. Data shows that approximately 47 million cryptocurrencies have been issued globally, with 22 million on the Solana platform, over 18 million on the Base platform, and 4 million on the BNB Chain.

Binance will delist the following spot trading pairs on April 2, 2026, at 11:00: ALT/BNB, ARB/TUSD, BNB/ARS, GALA/ETH, INJ/BNB, SOLV/FDUSD, and XRP/TUSD. Users can still trade the corresponding underlying assets and quoted assets on other trading pairs.

Strategy's preferred stock STRC landed on the UK trading platform Trading 212 on March 30, with an annualized yield of approximately 11.5%. However, UK investors holding STRC directly may face significant tax pressure. In the US, STRC's monthly dividends are classified as Return of Capital (ROC) and are not taxable; however, UK brokers typically classify them as foreign dividends, subject to income tax at the marginal dividend tax rate, with the basic rate taxpayer rate at 8.75% and high earners up to 39.35%. Additionally, capital gains tax (CGT) must be paid upon sale, resulting in an estimated actual net yield of only about 10%.Crypto analyst James Van Straten suggests that UK investors consider the 21Shares Strategy Yield ETP listed on the European exchanges in Amsterdam and Paris instead. This product has a zero management fee, employs an accumulating structure, and automatically reinvests earnings rather than distributing cash. Upon sale, it typically only incurs CGT, with no income tax burden, providing significantly better tax efficiency.

Digital asset insurance provider Soter Insure announced the launch of Ethereum-denominated confiscation insurance, developed in collaboration with Galaxy Digital. This insurance primarily targets the core risk of validators in Ethereum staking being penalized for protocol violations, providing security for Ethereum validators and institutional stakers. The premiums and claims are both denominated and settled in ETH, addressing the issue of insufficient coverage in traditional USD-denominated insurance when ETH prices rise, thereby eliminating the "currency mismatch risk."

Crypto analyst Willy Woo tweeted that the FTX bankruptcy liquidation team is selling off assets, including a large amount of locked SOL, and is selling locked tokens at a discount to hedge funds through legal agreements.After buying at over 60% off, the funds hedge price risks by shorting futures like SOL, obtaining about 70%-80% risk-free returns. Subsequently, other project parties and foundations sold locked tokens early to hedge funds and hedged through the futures market, transferring the "alpha" that should belong to ordinary investors to market-neutral funds, resulting in lackluster performance for most crypto projects from 2023 to 2025, while BTC outperformed relatively.Woo believes that the selling pressure related to the next market cycle may have been released in advance and advises ordinary investors to hold only BTC.

Binance will delist the following spot trading pairs on March 27, 2026, at 11:00: Binance Life/TRY, ALT/BTC, CYBER/BNB, CYBER/ETH, CYBER/FDUSD, JUV/USDC, LSK/BTC, SAND/BTC, and VET/BTC. Users can still trade the corresponding tokens on other trading pairs and are advised to disable related services before the trading bot service stops.

Amy Oldenburg, the head of digital asset strategy at Morgan Stanley, stated that Wall Street's push into crypto is not driven by FOMO, but rather the result of years of internal work on modernizing financial infrastructure.She pointed out that Morgan Stanley is expanding its digital asset strategy into areas such as trading, asset management, and infrastructure. Previously, the bank's related business mainly focused on providing high-net-worth clients with exposure to Bitcoin funds and offering spot Bitcoin ETFs on its E*Trade platform, while recently it has submitted an application to launch its own spot Bitcoin ETF.Amy Oldenburg revealed that Morgan Stanley plans to support tokenized stock trading in its alternative trading system in the second half of 2026, a platform that currently handles stocks, ETFs, and American Depositary Receipts.She also emphasized that upgrading decades-old core banking systems, enhancing system connectivity, and coordinating progress within the global financial network remain major challenges, despite the rising attention on tools like stablecoins and the ongoing accumulation of institutional crypto activities.

According to SoSoValue data, as of 8 AM Eastern Time on March 23, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $95.78 million, a decrease of 93.90% compared to last week.Strategy (formerly MicroStrategy) announced on March 23 that it invested $76.6 million (a decrease of 95.12% compared to last week's purchase amount) to increase its holdings by 1,031 Bitcoins at a price of $74,326, bringing its total holdings to 762,099 Bitcoins.The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking ten consecutive weeks without purchases.In addition, four other companies purchased Bitcoin last week. The American asset management company Strive announced on March 19 that it purchased 317 Bitcoins, bringing its total holdings to 13,628 Bitcoins, without disclosing the specific purchase amount; the Japanese food brand DayDayCook announced on March 19 that it spent $16 million to purchase 200 Bitcoins at a price of $79,969, bringing its total holdings to 2,383 Bitcoins; the British Bitcoin company BHODL announced on March 20 that it invested $71,289 to purchase 1 Bitcoin; the French Bitcoin asset company Capital B announced that it invested $3.11 million to purchase 44 Bitcoins at a price of $70,712.4, bringing its total holdings to 2,888 Bitcoins.Capital B also announced the completion of a warrant issuance to raise approximately €3 million for the purpose of purchasing Bitcoin.As of the time of publication, the total amount of Bitcoin held by the listed companies worldwide (excluding mining companies) is 1,023,332 Bitcoins, an increase of 0.03% compared to last week, with a current market value of approximately $7.248 billion, accounting for 5.1% of the circulating market value of Bitcoin.

According to Bloomberg, the lawsuit filed by OpenAI CEO Sam Altman's sister regarding sexual abuse allegations has been dismissed. U.S. District Court Judge Zachary Bluestone in Missouri ruled on Friday that the lawsuit was time-barred due to the allegations being too old and exceeding the statute of limitations. However, the judge also stated that Ann Altman could amend and refile the complaint.Her lawyer Ryan Mahoney stated, "The court's ruling only pertains to procedural issues and does not affect the substance of the allegations themselves." He added that the court has allowed the parties to submit a revised complaint, and the team will complete it as soon as possible and will continue with the planned discovery. Sam Altman's legal representatives declined to comment.

Cryptoquant analyst Darkfost pointed out that data shows the spot trading volume of altcoins on major exchanges has significantly declined compared to more active periods. Currently, Binance's altcoin trading volume is about $7.7 billion, while other major exchanges combined account for about $18.8 billion, far below the levels of $40 to $50 billion for Binance and $63 to $91 billion for other exchanges during the peaks in October 2025 and February. In relative terms, Binance currently accounts for about 40% of the total global altcoin trading volume.Analysis indicates that the aforementioned peak trading volumes coincide with the formation of a phase top in the crypto market, during which FOMO sentiment drove retail investors to flood in, while early investors took profits by leveraging the peak in demand. In the current environment, ongoing geopolitical tensions have suppressed market risk appetite, and altcoins continue to lag behind Bitcoin in performance. The analysis also suggests that historical patterns show that periods of low market interest, when most investors are on the sidelines, often represent the most attractive window for positioning.

According to TheStreet, Ripple and its co-founder and executive chairman Chris Larsen each donated $5 million to the political action committee Golden State Promise to oppose California's "2026 Billionaire Tax Act." The proposal requires billionaires residing in California to pay a one-time 5% wealth tax, with 90% of the revenue going to public healthcare.Kraken co-founder Jesse Powell criticized the proposal as "a 5% theft on unrealized gains." Affected by this tax policy, several billionaires, including Google founders Larry Page, Sergey Brin, and venture capitalist Peter Thiel, have chosen to leave California.

United Stables' stablecoin $U is about to continue the second phase of Binance Wealth Management, with a maximum annualized return of 10% for flexible wealth management. The event will take place from 8:00 AM on March 20, 2026, to 7:59 PM on April 4, 2026 (UTC+8).Binance users who subscribe to the U principal-protected earning flexible product can enjoy dual rewards of tiered annualized returns and real-time annualized earnings. Each user can receive a maximum annualized return of 10% on the first 20,000 U subscribed, with no lock-up restrictions and the ability to redeem at any time.

Bybit announced the launch of a special income event for Wealth Management Crazy Thursday. According to the announcement, new users participating in the subscription for USDe assets can enjoy a limited-time annualized return of up to 555%. After this limited-time benefit ends, the relevant USDe assets will convert to a regular annualized return of 3.5%.