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The cryptocurrency market witnessed extreme volatility in the past 24 hours, resulting in a massive $313 million liquidation event. Long positions bore the brunt with $238 million in losses. Bitcoin and Ethereum were the hardest hit, affecting nearly 90,000 traders globally. The single largest liquidation occurred on Bybit, exceeding $9.8 million.
Read MoreFormer chief strategist Zhang Chi analyzes that US-Iran tensions, centered on control of the Strait of Hormuz, differ fundamentally from the Russia-Ukraine conflict. A prolonged blockade could disrupt nearly half of global energy reserves, potentially triggering a sustained oil price surge and a "fourth oil crisis" with severe inflationary consequences.
Read MoreIndustry data reveals a significant surge in global AI model usage. Chinese large models saw weekly calls skyrocket by nearly 34%, dominating the top rankings for the fourth week straight and surpassing U.S. counterparts, signaling a major shift in the AI landscape.
Read MoreFrom the evening of March 29 to the early hours of March 30, the AI platform DeepSeek experienced a major service outage. Users faced repeated 'server busy' errors on the web and app, preventing login, interrupting conversations, and causing data loss. The incident quickly trended online. Service was restored after two rounds of investigation and repairs.
Read MoreA noted analyst suggests traditional on-chain models point to a potential Bitcoin bottom between $46K and $54K. However, he warns these models are limited by historical data and current global macro shifts could break past patterns, potentially leading to a deeper bear market than anticipated.
Read MoreFTSE China A50 index futures opened 0.92% lower, highlighting investor caution. This early decline serves as a key indicator for the day's market trajectory amid broader economic considerations.
Read MoreThe US Treasury is set to convene a series of meetings with domestic and international insurance regulators in the coming weeks to discuss recent developments and implications within the private credit market.
Read MoreIndirect negotiations via a third party are showing positive signs of easing regional tensions. The gradual reopening of a critical maritime passage for oil tankers marks a pragmatic shift, potentially laying groundwork for broader future discussions.
Read MoreFormer U.S. President Trump has reportedly reiterated his interest in gaining control over Iran's oil resources, mentioning the potential seizure of key export hubs. This has renewed international focus on Middle Eastern energy security and geopolitical tensions.
Read MoreBitcoin has broken below the critical $66,000 level, currently trading near $65,975 with a 0.61% daily decline. This sharp move highlights significant market volatility, urging investors to prioritize risk management amid the uncertainty.
Read MoreAn Ethereum whale, after accumulating 3,246 ETH over four months, has moved the entire holdings to multiple wallets and then to an exchange, likely for selling. The move comes with an unrealized loss of approximately $3.3 million, drawing attention to major holder behavior.
Read MoreSpot gold witnessed a sharp sell-off, plummeting over 1% intraday to breach the $4450 per ounce level. This decline, potentially driven by dollar strength and shifting risk sentiment, has heightened market focus on near-term price direction.
Read MoreOvernight markets focused on Fed policy, with rates expected to hold steady. Crypto saw major proposals, including Lido DAO's token buyback plan. Geopolitics and inflation concerns shaped expectations as Bitcoin positions hit new highs.
Read MoreA top House Democrat has accused the former president of fabricating claims about negotiations with Iran to divert attention from soaring gasoline prices and market turmoil. The lawmaker stated Iran now recognizes its leverage in the energy sector, exacerbating price pressures.
Read MoreThe White House has privately informed allies that reaching a diplomatic deal with Iran will take time, with intense fighting expected to continue for another 2-4 weeks. Iranian officials are skeptical of U.S. intentions, viewing high energy prices as leverage and distrusting proposed timelines.
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