Shares of cryptocurrency exchange Gemini rose in after-hours trading after the company reported stronger-than-expected fourth-quarter results, showing revenue growth driven by increased credit card adoption and a restructured fee structure. Gemini reported on Thursday that its fourth-quarter revenue rose 39% year-over-year to $60.3 million, exceeding analysts' expectations of $51.7 million. The company reported a net loss of $140.8 million for the fourth quarter, a significant widening from the $27 million loss in the same period last year. Gemini expects a full-year loss of $585 million in 2025, up from its 2024 forecast of a $156.6 million loss. In a letter to shareholders, Gemini co-founders Cameron and Tyler Winklevoss stated that despite declining trading volumes, the fourth quarter still saw the company's highest quarterly revenue in three years, with the revenue growth reflecting a "carefully crafted fee structure for the second half of the year." Gemini (GEMI) shares rose as much as 14% to a high of $6.83 in after-hours trading on Thursday, but ultimately closed at $6.36, a gain of 5.8%, while the stock was essentially flat at around $6 at the end of the day. (CoinDesk)

According to CoinGlass data, the crude oil market experienced a short-term pullback, with WTI (XTI) and Brent (XBR) prices at $93.79 and $106.49 respectively. Gate performed exceptionally well in crude oil contract trading, ranking first across the entire network in both categories. Specifically, the 24-hour trading volume for XTI/USDT reached $11.02 million, a 26.99% increase compared to the previous period; the trading volume for XBR/USDT reached $10.38 million, a 58.55% increase compared to the previous period. Amidst increased oil price volatility, Gate's liquidity and trading activity advantages in the crude oil derivatives market continue to stand out. Amidst heightened oil price volatility, Gate's liquidity and trading activity in the crude oil derivatives market continue to stand out. In derivatives trading, Gate has pioneered crude oil contracts, creating its first commodity contract section covering XBRUSDT (Brent crude) and WTIUSDT (WTI crude) perpetual contracts. These contracts offer 24/7 trading, USDT settlement, and leverage up to 100x, enabling users to conduct cross-market asset allocation and strategy deployment during volatile market conditions. Furthermore, Gate TradFi offers trading access via both mobile app and web, comprehensively covering CFD trading services for silver, gold, forex, indices, commodities, and some popular stocks, supporting leverage up to 500x to meet the diverse trading needs arising from the integration of traditional finance and the crypto market.

The Indian rupee has experienced a further decline against the US dollar, dropping below the 93 mark. According to Jin10, the currency fell by 0.4% during the day, reflecting ongoing market volatility. This movement in the exchange rate highlights the challenges faced by the Indian economy in maintaining currency stability amid global financial fluctuations.

Santiment posted on the X platform that the number of whale wallets holding 100 or more BTC increased by 753 in the past three months, a growth of 3.9%. During the same period, the market price of BTC fell by 20.2%. Santiment pointed out that despite the continued short-term price volatility, on-chain data is currently showing bullish divergence signals.

Crypto.com is slashing 12% of its workforce as it accelerates a sweeping artificial intelligence overhaul — highlighting how automation is beginning to displace human roles across the crypto industry.

Nomura Securities analyst Eon Hwang has expressed concerns that the high valuation of Korean shipbuilding stocks may face a correction in the latter half of the year. According to Jin10, Hwang noted that while the market's expectations for increased defense contracts and rising freight rates, influenced by the Suez Canal and Hormuz Strait, may support valuations in the first half of the year, the subsequent decline in new ship prices and easing tensions in the Middle East have led Nomura to adopt a cautious outlook for the second half. Nomura has downgraded Hyundai Heavy Industries from neutral to reduce, lowering its target price by 33% to 350,000 KRW. The rating for its intermediate holding company, HD Korea Shipbuilding & Offshore Engineering, has also been downgraded from buy to neutral, with the target price reduced by 33% to 410,000 KRW.

XT.COM has launched STBLUSDT USDT U-margined perpetual contracts, supporting leverage up to 50x. The STBLUSDT contracts reportedly support order placement. XT stated that it will continue to launch more contract trading pairs and related promotions.

Thailand's tourism industry is experiencing a slowdown in growth due to increasing risks, according to a report by Barnabas Gan, an economist at Malaysia's RHB Bank. According to Jin10, from January 1 to March 11, the number of inbound tourists decreased by 4.4% year-on-year. This decline is primarily attributed to seasonal factors such as the Chinese New Year. Additionally, external shocks, including escalating geopolitical tensions in the Middle East, have further impacted tourist numbers. Early indicators suggest a decrease of approximately 16% in tourists traveling to Thailand from Europe and the Middle East.

A story exploring India's digital landscape has been recognized with the Kim Wall Award at the 87th Annual Overseas Press Club Awards. Bloomberg posted on X, highlighting the significance of the story in shedding light on the complexities and challenges faced by India in the digital realm. The award-winning piece delves into the multifaceted issues surrounding digital technology in India, offering insights into the country's evolving digital environment. The recognition underscores the importance of understanding the implications of digital advancements and their impact on society.

According to an article in Bitcoin Magazine, North Carolina formally proposed the Strategic Bitcoin Reserve Act (S327), which passed its first reading the day after submission (March 19). The bill is scheduled to be submitted on March 18, 2025, after undergoing approximately 12 months of committee review. Currently, there are three similar state-level bills pending in the US; if all pass, state-level Bitcoin holdings are projected to reach $2 billion by 2027.

BTS, the globally renowned South Korean music group, has unveiled their latest album, 'Arirang,' which they describe as a significant cultural statement. Bloomberg posted on X, highlighting the group's intention to create a project that unifies its members and resonates with the international audience. The album, named after a traditional Korean folk song, reflects the band's deep connection to their heritage and aims to showcase their identity to the world. BTS emphasized the importance of cultural representation and the role of music in bridging diverse communities. The group continues to influence the global music scene, drawing attention to Korean culture and its rich traditions.

The market is currently shifting from "short-term geopolitical shocks" to "long-term conflict pricing," with some funds reconsidering Bitcoin as an "escape asset" in a war environment. However, short-term gains are still largely driven by liquidity and speculation.

Circle remains fundamentally a company that relies on reserve returns. Its profitability is driven more by the size of its stablecoin portfolio, reserve yield, and profit-sharing mechanisms than by monetization from software or payment services.

Animoca Brands has invested in Ava Labs and partnered with them to help grow projects on the Avalanche blockchain. The partnership will focus on Asia and the Middle East, supporting entertainment, digital identity, and tokenised real-world asset projects.

Electric Capital has identified 501 real-world yield sources and cross-referenced them with currently attractive on-chain RWA assets. The biggest challenge lies in asset distribution. Despite friction, on-chain real-world assets will continue to grow.

The global oil price war has begun. The higher the oil price, the greater the pain Iran will inflict on the world; the lower the oil price, the greater the room for maneuver for the United States and its allies during the ongoing conflict.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 3001, providing you with the latest and fastest news on the digital currency and blockchain industry.

Current market pricing revolves around "limited conflict," but tail risks have not been fully cleared, and fluctuations in geopolitical premiums will remain a key variable for asset prices in the coming weeks.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

If on-chain private lending wants to transcend the glamorous facade of the traditional private lending industry, it must first solve the trust issue before it can solve the profitability issue.