The sharp drop was mainly due to the Middle East conflict pushing up oil prices and suppressing expectations of interest rate cuts, coupled with tightening dollar liquidity triggering a sell-off.

Moonbirds is set to unlock approximately 27.08 million tokens on March 28 at 13:00 UTC+8. According to ChainCatcher, this token release is part of the data provided by Web3 asset data platform RootData. The tokens are valued at around $4.22 million.

Plasma (XPL) is set to unlock approximately 88.89 million tokens on March 28 at 12:00 UTC+8. According to ChainCatcher, this token release is valued at around $8.51 million. The data comes from the Web3 asset data platform RootData, which tracks token unlock schedules.

The U.S. Senate has once again failed to advance a funding bill for the Department of Homeland Security, prolonging the department's shutdown that has lasted for over a month. According to Jin10, the funding for the department expired on February 13. This marks the fifth attempt by the Senate to move forward with the appropriations bill, which aims to fund the department until the end of the current fiscal year on September 30. The procedural vote on March 20 resulted in 47 votes in favor and 37 against, falling short of the 60 votes needed to advance the bill. Sixteen senators did not participate in the vote.

British regulators have ordered the closure of cryptocurrency exchange Zedxion, accusing it of handling funds for Iran's Islamic Revolutionary Guard Corps (IRGC). An official statement said Zedxion was shut down because "information or statements in its company registration application were misleading, false, or deceptive." Media reports indicate that Zedxion handled approximately $1 billion for the IRGC, representing about 56% of the platform's total trading volume. This action by the UK follows measures taken by the U.S. Treasury Department against Zedxion for allegedly assisting Iran in circumventing international sanctions. Previously, the European Union also imposed sanctions on Zedxion for helping Iranian state-owned entities launder billions of dollars in oil revenue. Founded in 2021, Zedxion has Babak Morteza, an Iranian businessman accused of violating international sanctions, as a director and major controller. Governments worldwide are increasing scrutiny of cryptocurrency exchanges to prevent them from channeling funds to Iran, which is at war with the United States and Israel. (Yahoo)

China's internet landscape has long been characterized by a balance between control and freedom. Bloomberg posted on X, highlighting a new book that explores how this dynamic might influence the future of artificial intelligence (AI) in the country. The book suggests that while China's internet has never been entirely free, it has also never been completely controlled, creating a unique environment for AI development. The author argues that this tension between regulation and innovation could play a significant role in shaping AI's trajectory in China. As the government continues to exert control over digital spaces, the development of AI technologies may be influenced by these regulatory frameworks. This could lead to a distinct path for AI in China compared to other countries where internet freedom is more prevalent. The book delves into the complexities of China's internet policies and their implications for AI, offering insights into how these factors might affect technological advancements. It suggests that the balance between control and freedom could be a defining characteristic of China's AI future, impacting both domestic and global AI landscapes. As AI continues to evolve, the interplay between government control and technological innovation in China remains a critical area of study. The book provides a comprehensive analysis of this relationship, shedding light on the potential outcomes for AI development in the country.

Cryptoquant analyst Darkfost points out that altcoin trading volumes on Binance and other major exchanges have plummeted, reflecting a significant decline in investor interest. Despite the ongoing bear market, altcoins are still significantly lagging behind Bitcoin. Currently, altcoin trading volume on Binance is approximately $7.7 billion, while other major exchanges combined total around $18.8 billion, far below the active trading period from October to February 2025, when Binance's volume ranged from $40-50 billion, and other exchanges traded approximately $63-91 billion. Relatively speaking, Binance currently accounts for about 40% of total altcoin trading volume, meaning almost one dollar out of every two dollars of altcoin trading is completed through the platform. Past trading volume peaks typically occurred at local market highs, associated with FOMO (fear of missing out), becoming liquidity windows for investors to cash out. Darkfost notes that despite the unfavorable market environment, this type of data is still worth noting. Historical experience shows that the most attractive investment opportunities often arise during periods of low market interest and when most investors are on the sidelines.

South Korean boy band BTS is making a comeback with a full lineup, performing today at Gwanghwamun Square in Seoul. According to RTHK, authorities estimate that between 170,000 to 260,000 people will gather in the vicinity. The government has issued a level two disaster crisis alert, 'Caution,' for Seoul's Jung-gu and Jongno-gu districts. Traffic control measures are in place around Gwanghwamun, with bus routes being diverted and several subway stations closed, preventing trains from stopping. Yonhap News Agency reports that authorities have deployed 15,000 personnel to ensure safety. To manage the large crowd and potential terror threats, the police have stationed approximately 6,700 officers, including over 6,000 riot police. A significant number of female officers are tasked with security checks, and seven foreign affairs patrol teams have been mobilized to ensure the safety of international fans and address language needs. The event organizers have also arranged for 4,800 staff members to assist. In the morning, police installed metal detectors at multiple entrances to rigorously check for dangerous items. Additionally, they are controlling access to 31 nearby office buildings to prevent spectators from gathering on rooftops. Anti-drone vehicles and portable jamming devices are being used to prevent illegal drone flights.

The U.S. XRP spot ETF experienced a notable single-day net inflow of $1.9782 million on March 20. According to NS3.AI, the Canary XRP ETF (XRPC) was the sole fund to report a net inflow on that day. The total net asset value of the XRP spot ETF reached $1.006 billion.

A U.S. federal judge has ruled that the Department of Defense's restrictions on journalist interviews violate the First Amendment, according to Jin10. The decision, made on Friday, favors The New York Times, which filed a lawsuit against the Pentagon in December last year. The judge approved The New York Times' injunction request, preventing the Department of Defense from enforcing a policy that significantly reduces mainstream newspapers, news agencies, and television stations' participation in news briefings. The policy required journalists to sign a pledge to adhere to specific rules to maintain their interview eligibility. Most mainstream news organizations, including conservative outlets like Fox News and Newsmax, refused to sign the pledge. Judge Paul Friedman stated that the Pentagon's media policy is unreasonable and noted that the Pentagon's claim that its new policy imposed no restrictions on journalists was incorrect. Furthermore, he indicated that the policy also violates the Fifth Amendment.

Wall Street is concerned that escalating conflict in the Middle East could cause international oil prices to surge, potentially reigniting inflation in the United States and prompting the Federal Reserve to pause interest rate cuts or even raise rates. Bank of America stated that whether the Fed will raise interest rates this year has become a recurring question among its clients. The bank's response is that while the possibility cannot be completely ruled out, the Fed must meet certain conditions to raise rates, including a stable labor market, further inflation, and Jerome Powell remaining as Fed Chairman. According to the CME FedWatch Tool, Wall Street traders expect a greater than 30% probability of a rate hike by the end of the year, while the probability of a rate cut is only 6.1%. (Cailian Press)

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 3002, providing you with the latest and fastest news on the digital currency and blockchain industry.

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