EncryptionChapterThree

Gold ETFs saw a net outflow of $2.92 billion in one month, while Bitcoin spot ETFs experienced a net inflow of $1.32 billion. These numbers are interesting: not all the money flowing out of gold went into Bitcoin, but Bitcoin is definitely eroding the faith in gold as a safe haven. The throne of thousands of years as the king of safe assets is being shaken by a string of code.
The label "alternative assets" now seems like a joke. The same people who once said Bitcoin was a toy or a scam are now writing research reports on "Bitcoin transforming into a mainstream investment tool." Institutions

Qingming coincides with Easter, with the East paying respects at the tombs and the West celebrating resurrection—financial markets collectively taking a break, just like workers who don’t want to work on the last day before the holiday.
Interestingly, while the Middle East is heating up and oil prices are soaring, today the global markets are all closed. It’s a kind of karmic cycle: when you make retail investors anxious during normal times, you can relax during the holiday. CME and Brent oil markets are closed, institutions and retail investors are finally forced to stop trading, returning

"Real Commitments" are now in the 90th round, sounding like a long-term streaming subscription—except the question is, can you cancel this membership?
The Beyk Road Bridge was blown up, Iran said it would retaliate, and then oil prices took off. WTI rose 15%, Brent surged past $140, hitting a new high since 2008. Think about what happened in 2008—the eve of the financial crisis. History doesn’t like to repeat itself, but it loves to rhyme.
The most ironic thing is, every time tensions in the Middle East escalate, oil-producing countries count their money, Wall Street counts its money, arms

$31.29 million, an amount that ordinary people would never be able to save in three lifetimes. Brother Ma Ji, Huang Licheng, lost it all in less than a year, and in the process, he went from being a "big shot in the crypto circle" to a "crypto circle philanthropist."
This time, he added another $300,000 USDC to HyperLiquid, opening a 25x leverage to go long on ETH. He lost over $30 million, but the leverage remained unchanged, the position direction stayed the same, and he even continued to add to his position — this is no longer stubbornness; it’s performance art: a live demonstration of what

Federal Reserve Governor Barr's latest remarks suggest that policymakers may need to maintain interest rates at stable levels "for some time" to combat inflation pressures significantly above the 2% target. This hawkish commentary threw cold water on markets that had just rebounded due to easing Middle East tensions.
Barr's reference to "for some time" implies that the market's previous optimistic expectations for multiple rate cuts within the year may have been premature.
For crypto assets, this statement poses short-term pressure. Bitcoin's current rally to $71,000 has been driven in part by

According to ICE data, the crude oil futures market showed clear anomalies before Trump's key post on Iran that triggered sharp oil price volatility — the timing window of large-scale short position liquidations was highly consistent with the message release time. The market is questioning whether "front-running" or information leaks occurred in advance.
Current oil prices have become the "master pricing switch" for global assets, with everything interconnected. If critical information is leaked ahead of time and major capital can position in advance, it not only damages ordinary investors' in

Trump signals five-day pause on military strikes against Iran, and global assets rally in response. Spot gold surges over $100 in the short term, Bitcoin quickly breaks through $71,000, while Brent crude crashes more than 14% at one point.
This phenomenon once again confirms the core pricing logic of the current market: everything revolves around "oil prices" and "interest rate expectations."
A pause on strikes means the blockade risk in the Strait of Hormuz is temporarily eased. Oil prices crashed more than 14%, directly lifting the market's most intense "inflation alarm"—oil prices stop soar

The Resolv platform suffered a severe attack, with its issued stablecoin USR experiencing a 69.1% decline post-attack, falling to $0.29 and severely losing its peg. The attacker exploited protocol vulnerabilities, spending only 200,000 USDC to mint 80 million USR, subsequently converting through wstUSR and purchasing approximately 9,111 ETH. The team has urgently suspended protocol functions.
This incident once again exposes crypto risks: the "stability" of stablecoins is built upon the rigor of mechanism design, and once a vulnerability exists, the peg collapses instantly. The key to this att

France announced a troop surge to the Middle East, and spot gold fell to $4,550, down 2.19% intraday; silver plummeted 6.00%; bitcoin briefly broke below $70,000. Geopolitical tensions escalated, yet safe-haven assets fell instead of rising—seemingly counterintuitive, but the logic is clear.
As mentioned earlier, the market is not pricing in "risk events," but rather the transmission chain of "oil prices → inflation → interest rates." The troop surge intensified expectations of a Strait of Hormuz blockade, oil prices remained elevated, inflation expectations warmed, directly postponing the Fed

Following NVIDIA CEO Jensen Huang's public praise on the All-In podcast, Bittensor (TAO) rose 4.23% against the market today, trading at $278.3. Huang specifically mentioned that TAO subnets successfully trained a 4 billion parameter Llama model in a distributed manner, calling it "quite remarkable."
This phenomenon is worth noting: behind Jensen Huang's "promotional effect" lies substantive endorsement of the "AI+Web3" narrative. Bittensor's core value lies in building a decentralized AI marketplace that incentivizes idle computing power to participate in model training through TAO token rewa

The SEC and CFTC jointly issued landmark regulatory guidance, classifying crypto assets into five categories: digital commodities, digital collectibles, digital tools, payment stablecoins, and digital securities. The guidance clarifies that the first four categories are not securities, with only tokenized forms of traditional securities subject to securities law.
This move is truly "historic"—it completely ends the ambiguity of the Gensler era's stance that "most tokens are securities" and the years-long chaos of "enforcement as regulation." Now, Bitcoin, Ethereum, and others are classified as

Kalshi Announces "Perfect Prediction" Challenge: Win $1 Billion if You Successfully Predict All 63 NCAA Basketball Tournament Games in 2026. This seemingly entertainment-focused marketing campaign actually signals strong momentum in the prediction market track's accelerated growth.
The $1 billion prize pool is certainly eye-catching, but what deserves more attention is Kalshi's chosen timing—2026. By then, not only will there be world-class sporting events like the World Cup and Winter Olympics, but the U.S. midterm elections will also generate substantial political prediction demand. On the s

Yesterday, BNB Chain lending protocol Venus Protocol suffered a carefully orchestrated attack. An address funded from Tornado Cash manipulated the price of low-liquidity token THE, triggering a cascade of liquidations. The attacker leveraged approximately $9.92 million in operations to ultimately extract about $5.07 million in assets from Venus, leaving behind $2.15 million in bad debt. This marks another major security incident for Venus since 2021.
This event once again exposes structural risks in the DeFi space—the combination of low-liquidity tokens and delayed oracles remains a breeding g

Polymarket's crypto section has recently added DOGE, BNB, and HYPE price predictions. The evolution from initial popular event betting to covering mainstream tokens and even 5-minute price fluctuation predictions is worth contemplating.
The core change lies in product differentiation. Unlike traditional futures, Polymarket's 5-minute predictions employ binary options, fixed odds, and no liquidation mechanism. Users simply buy shares of "up" or "down," with results revealed after 5 minutes—winners receive 10x returns, losers lose their principal cleanly. Data shows that within less than a month

Bitcoin spot ETFs recorded net inflows of $180 million yesterday, achieving consecutive net inflows for 5 days. What deserves attention about this data is: this is not short-term speculation, but sustained institutional allocation behavior. BlackRock's IBIT contributed $144 million in a single day, accounting for 80% of total inflows, demonstrating that traditional financial giants are accelerating their deployment.
Against the backdrop of escalating U.S.-Iran tensions, oil prices breaking $100, and global equity markets under pressure, capital's continuous inflows into Bitcoin ETFs sent a cle

U.S. stocks opened higher but closed lower yesterday, with the Dow falling 739 points and the Nasdaq declining 1.78%. Spot gold plummeted intraday and broke below $5,090, while silver fell over 4% during the day; crypto-related stocks collectively gave back gains, with Coinbase dropping 2.71%; meanwhile, Brent crude oil stood firmly above $100 for the second consecutive day, reaching its highest level in over three years.
This seemingly contradictory market phenomenon actually points to a single core variable — oil prices have been upgraded to the "master price switch" for global assets.
The S

The US-Iran conflict continues to escalate, with warfare now spreading to Dubai. On March 12, the landmark hotel at Dubai Creek Harbor was struck by a drone, with massive holes smashed through its walls; previously, Dubai International Airport and the Burj Al Arab and other facilities had been successively affected. In response, the TOKEN2049 Dubai Summit originally scheduled for next month has announced a postponement to April 2027.
Dubai was once a "safe haven oasis" in the eyes of the crypto industry — its neutral stance, open policies, and luxurious infrastructure attracted blockchain prof

Coinbase Bitcoin premium index positive for two consecutive days, now at 0.0231%, with 5 out of the past 10 trading days in positive premium territory. This data deserves attention—the index previously remained in negative premium for 40 consecutive days, indicating sustained selling pressure in the US market.
The positive signals released since Paul Atkins took office are gradually converting into actual buying sentiment. The 40 days of negative premium were largely a risk-aversion reaction to enforcement pressure during the Gensler era; now consecutive positive premium may suggest the most p

CPI data will be released again tonight. Given the current geopolitical conflict environment, gold and crude oil will rise when they go up and fall when they go down. Even with the data released, the interest rate on the 19th is very likely to stay unchanged. So, how can we know whether the crypto market will go up or down? Maybe it's better not to bet on the direction and wait until it settles before making a move.
#Trump says Iran conflict is nearing its end
$PIXEL

CPI data will be released again tonight. Given the current geopolitical conflict environment, gold and crude oil will rise when they go up and fall when they go down. Even with the data released, the interest rate on the 19th is very likely to stay the same. So, we still can't tell whether the crypto market will go up or down. Maybe it's better to wait until things settle before making any moves.
#Trump says Iran conflict is nearing its end
$PIXEL