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According to Jinshi reports, the Iran war has restored the traditional relationship between the dollar and stock market volatility, with risk-averse investors flocking back to U.S. assets. Since the outbreak of the war, the positive correlation between the dollar and the fear index VIX has continued to strengthen, currently nearing its highest level since 2024. Shaun Osborne, Chief Foreign Exchange Strategist at Scotiabank, stated that if the situation in the Gulf region does not trigger a significant and sustained rebound in VIX, the dollar may further widen its decline.

According to The Block, based on monitoring by Onchain Lens, the Royal Government of Bhutan transferred approximately 319.7 BTC (about 22.68 million USD) to two addresses three hours ago. About 250 BTC were transferred to a wallet that was previously used to sell funds through Galaxy Digital and OKX, while another 69.7 BTC were sent to a new unmarked address.According to Arkham data, the Bhutanese government has transferred out Bitcoin worth 215.7 million USD from its holding addresses this year, of which 162.6 million USD was sent to unmarked wallets. After this transfer, Bhutan currently holds 3,954 BTC, valued at approximately 280.6 million USD.The country held about 13,000 BTC at its peak in October 2024, with its Bitcoin assets managed by the national sovereign wealth fund Druk Holding and Investments Ltd. Bhutan previously accumulated its Bitcoin holdings through a hydropower-supported mining operation, but according to Arkham data, its last recorded Bitcoin inflow exceeding 100,000 USD was a year ago.

Yili Hua stated: "It seems that the war is finally coming to an end. Although I don't understand politics, it's still surprising after such a long time. After it ends, we should look for a rebound for a while rather than a reversal. If it's a long-term trend investment, buying ETH below $2000 can lead to reaching the peak of the bull market. If it's for short-term trading, we can look at the position to take profits."

According to BeInCrypto, Gate Institutional is continuously improving its institutional-level trading infrastructure by integrating custody, trading, financing, and asset management capabilities to build a unified trading framework covering multiple assets and cross-markets. The platform's TradFi-related trading peak daily volume has surpassed $20 billion, and by combining interest-bearing collateral assets like GUSD, it further enhances capital utilization and yield capabilities.The report points out that Gate connects on-chain and traditional financial markets through the SuperLink architecture, achieving efficient capital allocation across multiple trading venues. Among them, the CrossEx model introduces a unified margin mechanism, improving capital usage efficiency across platforms; at the same time, Gate has continuously optimized infrastructure construction over the past year, with spot matching delays reduced by about 90% and contract depth data delays reduced by about 70%. Currently, Gate is accelerating the 3.0 architecture upgrade, expected to go live in Q2 2026, which will further optimize system performance under extreme market conditions, providing a faster and smoother order execution experience.In addition, the platform simultaneously offers institutional asset management tools, supporting net asset value tracking, redemption management, and profit distribution, enhancing capital operation efficiency and transparency.Currently, Gate Institutional has served various professional participants, including hedge funds, market makers, and asset management institutions, continuously strengthening its competitiveness in the institutional-level trading infrastructure field.

According to official data, Gate's three major airdrop sectors performed steadily in March. Among them, Gate CandyDrop launched a total of 6 projects in March, with the trading volume of CandyDrop event contracts exceeding $15 billion and the number of participants surpassing 210,000. Gate Launchpool launched a total of 2 projects in March, with the IDOS project achieving a maximum annualized return of 751.33%. During the same period, the peak annualized return of Gate HODLer Airdrop reached 12.26%, with a staking amount of approximately $196 million.It is reported that since its launch a year ago, Gate CandyDrop has held a total of 152 events, adopting an innovative "task-driven" model. Users can earn "candies" by completing various tasks such as trading, recharging, and inviting friends, which can be exchanged for high-quality token airdrops. Gate Launchpool, as an innovative staking airdrop platform, supports staking of various tokens such as GT, BTC, ETH, USDT, and GUSD, distributing new coin airdrop rewards every hour, allowing for low-threshold participation with high annualized returns, helping users capture market opportunities. In addition, after users stake and choose to redeem, transferring assets to the 7-day fixed product of Yubi Treasure can add up to 116.667% additional airdrop rewards on top of the original staking returns. Gate HODLer Airdrop aims to discover high-quality potential projects, reducing investment risks through the airdrop mechanism, allowing users to easily participate in receiving free airdrops by holding just 1 GT.

The Kingdom of Bhutan transferred 519.707 bitcoins (approximately $36.75 million) to external addresses on Wednesday, continuing its trend of reducing bitcoin holdings since 2026.On-chain data shows that the Bhutanese royal government currently holds 4,453 bitcoins, valued at approximately $315 million, a decrease of 66% from the peak of nearly 13,000 bitcoins at the end of 2024. The total outflow since the beginning of the year has exceeded $150 million. Bhutan's selling scale is accelerating, with transfers in January and February ranging from $5 million to $15 million each, and in March rising to $35 million to $45 million per transfer. The destination of Wednesday's transfer is consistent with the deposit patterns of trading platforms, but the specific whereabouts have not yet been confirmed. Unlike most countries that accumulate bitcoins through purchases, Bhutan's holdings come from its mining operations based on abundant hydropower resources. In December 2025, Bhutan committed to using up to 10,000 bitcoins for the development of the southern economic center Gelephu Mindfulness City project. This sovereign sale is one of the largest government bitcoin reduction actions on record, creating ongoing selling pressure in the market.

The prediction market platform Polymarket has announced a significant policy adjustment, starting from March 30, it will impose Taker fees on nearly all trading categories for the first time. The new fee structure adopts a variable rate, with peak fees for cryptocurrency-related contracts reaching up to 1.8%, while actual fees will vary according to share prices and market dynamics. Sports, finance, politics, culture, weather, and general categories will have lower tiered rates, while the peak rates for mention categories and certain economic predictions will be higher, around 1.5%.It is noteworthy that geopolitics is the only category completely exempt from fees, highlighting Polymarket's strategic emphasis on high-risk global events. This change ends Polymarket's long-standing appeal of "zero fees."

According to CoinGecko, Gate is continuously increasing its investment in TradFi business layout, covering various asset classes such as commodities, metals, and global indices, achieving an integrated trading experience between cryptocurrency and traditional finance. The platform's daily trading volume peak has surpassed $20 billion, encompassing multiple product types including spot, perpetual, and contracts for difference (CFD), reflecting the synchronized growth in multi-asset trading demand and the continuous enhancement of platform liquidity.In terms of infrastructure and transparency, Gate ranks first in CEX transparency in the TradFi and stock categories of RootData, supported by a 100% reserve mechanism. Meanwhile, the platform has launched a dedicated TradFi Trading API, multiple leverage mechanisms, and industry-leading maximum single order limits, incorporating TradFi trading volume into the VIP tier system, fully integrating the App and Web platforms, and providing a more efficient and professional trading environment for quantitative and high-frequency trading users. Gate is accelerating the construction of a one-stop TradFi trading infrastructure aimed at multi-asset and multi-strategy traders, further consolidating its competitive advantage in the cross-asset trading arena.

According to official news, Gate Alpha officially launched the "Peak Trading Competition" event on March 24, open for trading in all currencies in the Alpha Zone. Users can register and trade to participate in sharing a prize pool of up to $50,000 USDT. The event uses a total trading volume mechanism to unlock the prize pool; the higher the number of participants and trading volume, the more rewards can be unlocked, with a maximum individual reward of $2,100 USDT for leaderboard rankings.At the same time, users will receive 1 lottery chance for every 500 USDT traded, with a 100% winning rate. Prizes include fee rebate vouchers, gold bars, and the chance to win an iPhone 17 Pro Max valued at $1,399. New users can also draw extra on their first order. All participating users can receive rewards, and those who trade a total of 100 USDT can directly receive a 10 USDT fee rebate voucher.The top 4 cryptocurrencies by increase today on Gate Alpha are: Dragon (740.86%), ESOTERIC (688.38%), ABSTRAKT (459.43%), and Dog bot (364.69%).Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and enables seamless trading of tokens across all chains through the contract address search function, facilitating cross-chain trading and achieving one-click access to on-chain tokens.

According to Jinshi reports, Iranian Parliament Speaker Ghalibaf stated that there have been no negotiations with the United States.He stated that the Iranian people demand severe punishment for the aggressors, and all officials will firmly support the national leaders and the people until this goal is achieved.He emphasized that Iran will not engage in any negotiations with the United States and accused related false news of being used to manipulate the financial and oil markets, while also stating that the United States and Israel are mired in a quagmire.

According to a report by CCTV International News cited by Jinshi, Iranian media such as Tasnim News Agency reported today (March 23) that Iran denied that the Speaker of the Iranian Islamic Consultative Assembly, Qalibaf, is participating in negotiations with the United States.Earlier, a reporter from the American "Axios News" revealed through social media that U.S. presidential envoy Wittekov and President Trump's son-in-law Kushner "are negotiating with Qalibaf." Israeli media also reported that later this week, senior officials from Iran and the United States will hold talks in Islamabad, the capital of Pakistan.It is said that the U.S. representative "might be Vice President Pence."

According to official news, the AI-based cryptocurrency distribution operating system PeakAI has completed a $2 million seed round financing, with investments from Cogitent Ventures, Covey, CatcherVC, 10K Ventures, MARBLEX, PAKA, and ViaBTC Capital.It is reported that since its launch, PeakAI has attracted over 100,000 creators, generating more than 200 million views on TikTok and X platforms, and driving real growth for partner projects.

According to a report by Jinshi citing the Jerusalem Post, a source stated that the Iranian official negotiating with the United States is Iran's Parliament Speaker Ghalibaf.

Matthew Sigel, Head of Digital Asset Research at VanEck, stated on social media that the average price of Bitcoin dropped by 19% on the 30th, but the spot price has stabilized. Market volatility has significantly decreased, with realized volatility falling from 80% to 50%, and the futures funding rate dropping from 4.1% to 2.7%. On-chain activity has cooled down, with transaction volume decreasing by 31%, daily average fees reducing by 27%, and the distribution speed of long-term holders slowing down.On the miner side, they have largely maintained a "mine and sell" strategy, selling almost all newly issued Bitcoins. Defensive sentiment in the options market has peaked, with the ratio of put/call open interest averaging 0.77, reaching a new high since June 2021; the premium of put options relative to spot trading volume has reached a historical high of 4 basis points.

According to official news, Gate DEX will launch the "DEX Peak Champion Exchange Battle" event from March 19 at 18:00 to April 2 at 18:00 (UTC+8). This event relies on Gate Swap's powerful multi-chain aggregation capability, covering all EVM-compatible networks. Users only need to register in the Gate DEX wallet and complete Swap transactions on EVM-compatible chains, with no restrictions on the type of currency, to participate in tiered rankings based on cumulative trading volume. The highest individual reward can reach 500 USDT.The Gate DEX trading competition event area, launched on December 23, 2025, is a fair and transparent trading arena designed specifically for on-chain users. Leveraging Gate Swap's strong aggregated liquidity, it aims to provide users with a superior experience of low slippage and fast transactions. Users can participate in designated currency trading with one click in the Gate DEX wallet, flexibly competing in three major event types: trading volume, yield, and newcomers. After the competition, rewards will be automatically airdropped, allowing users to earn generous token rewards based on their trading strength and fully enjoy the value-added fun of on-chain trading.

According to GMGN monitoring, the market capitalization of the Base ecosystem meme coin MOLT surged above $12 million early this morning, but has since retraced to approximately $7.6 million, with a 24-hour increase of 260% and a trading volume of $15.1 million during the same period. This round of increase is mainly attributed to Meta's announcement of the acquisition of Moltbook.ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and speculative concepts, and lacks actual value or use cases. Investors should be aware of the risks.

Iranian Parliament Speaker Ghalibaf stated on social media, "We will never seek a ceasefire. We firmly believe that the aggressors must be dealt a heavy blow to learn a lesson and never dare to harbor thoughts of invading Iran again. Israel has built its existence on the repeated cycle of 'war-negotiation-ceasefire-war' to consolidate its dominance. We will break this cycle."

In 2025, several small listed companies in South Korea are competing to replicate Strategy's Bitcoin treasury model by borrowing funds to purchase Bitcoin. Now, the strategy has encountered setbacks, and Bitmax is a typical case.Bitmax transformed last year to bet on Bitcoin, holding 551 BTC, with a purchase cost of approximately $55 million, of which 539 were acquired through 13 over-the-counter transactions with the chairman, totaling a premium of about $6 million. Burdened by losses, the company announced on March 9 a capital reduction of 4 shares for 1 share, with paid-in capital plummeting from $14.5 million to $3.6 million, and the stock price fell more than 10% the next day to about $0.63.Compared to Strategy, the gap is clear: Bitcoin has only dropped 12% in the past year, Strategy has fallen about 70%, while Bitmax has plummeted 88%, and Bitmax failed to rise when BTC rebounded, indicating that the market has factored in the company's unique risks into its pricing. Analysts point out that in the absence of scale, capital market channels, and institutional credibility, the risks of this model far outweigh the returns.

Binance Research posted on the X platform that Brent crude oil has fully priced in the risks of a long-term closure of the Strait of Hormuz around $110.Despite ongoing geopolitical conflicts, several policies and market mechanisms have not yet fully taken effect, limiting further upward movement in oil prices; range-bound fluctuations may be the main theme in the near term.If oil prices remain range-bound, the "stagflation" narrative that relies on rising oil prices will weaken, which may alleviate the macro pressures faced by risk assets, including cryptocurrencies. As selling pressure bottoms out, the crypto market is expected to stabilize or rebound.