In the Agent era, the opportunities and imagination in the Infra are far greater than those in the "Lobster" era.

Ripple's research team has introduced a proposal for implementing Confidential Transfers for Multi-Purpose Tokens on the XRP Ledger. According to NS3.AI, this initiative aims to enhance the XLS-33 token standard by concealing balances and transfer amounts, while maintaining issuer controls like freezing and clawbacks. This development could potentially increase privacy and security for users on the XRP Ledger.

French publicly traded company Capital B raised $3.03 million through a common stock offering by Adam Back's Blockstream and UTXO Management, which will be used to purchase more Bitcoin. (BitcoinTreasuries.NET)

On March 30, TotalEnergies achieved over $1 billion in profits from Middle Eastern spot crude oil purchases and derivative strategies, influenced by escalating tensions in the region and disruptions in the Strait of Hormuz. According to BlockBeats, the company secured approximately 70 shipments of UAE and Oman crude oil scheduled for May, doubling its procurement scale from February. This move established TotalEnergies as a dominant player amid declining market liquidity, driving Dubai crude prices from around $70 per barrel to $170 per barrel. Industry experts highlight TotalEnergies' strategic use of concentrated holdings and paper market tools like futures and options to exert significant influence on pricing. The high oil prices have increased cost pressures for Asian buyers and further disrupted the existing crude oil pricing system.

As the war with Iran throws Saudi Arabia's conventional pricing for crude oil into disarray, anxious Asian buyers are attempting to steer the country toward alternative supply pricing mechanisms as oil prices soar. Saudi Aramco is finalizing the cost of oil for May shipments, with a price list expected to be delivered to buyers within days. According to traders, the premium for its flagship Arab Light crude, based on conventional pricing using regional benchmarks, is expected to surge to an unprecedented level of around $40 per barrel, compared to just $2.50 in April. Saudi Aramco's monthly contract prices are typically set at a spread relative to a base benchmark comprised of Dubai prices assessed by S&P Global Energy and Oman crude futures on the Gulf Commodity Exchange. Traders say some Asian refiners have already asked Saudi Aramco to link its crude to Brent futures, but other alternatives have also been proposed. These include using oil prices from the Shanghai Futures Exchange, then deducting transportation and other related costs, or even referencing other crudes such as Upper Zakum in the UAE. Traders at refineries that regularly import crude from Saudi Arabia say negotiations between Saudi Aramco and its customers are still ongoing, and no final pricing decision has been made. They added that a premium of around $40 per barrel could lead to reduced purchases. (Jinshi)

Key TakeawaysS&P 500 drops over 9% from recent highs, hitting ~6,368.Index forms a death cross as 50-day and 200-day moving averages intersect.Rising oil prices and Iran conflict add pressure to equities and risk assets.Upcoming Non-Farm Payrolls (NFP) data seen as key catalyst for Fed policy outlook.The S&P 500 has entered a technical downtrend after falling more than 9% from its recent highs, as geopolitical tensions and macro uncertainty continue to weigh on global markets.The index dropped to around 6,368, its lowest level since August, extending losses for a fifth consecutive week. Technical indicators show a “death cross,” where the 50-day moving average crosses below the 200-day average, often viewed as a bearish signal for further downside.Markets are reacting to escalating tensions in the Middle East, including developments involving Iran and disruptions to key energy routes. Oil prices have surged above $100, reinforcing inflation concerns and tightening financial conditions.The macro backdrop is further complicated by upcoming U.S. labor market data. The March Non-Farm Payrolls (NFP) report is expected to show modest job growth of around 60,000, with unemployment edging higher to 4.5%.A weaker labor report could support expectations for Federal Reserve rate cuts, potentially stabilizing equities. However, persistent inflation driven by higher energy prices raises the risk of stagflation, limiting policy flexibility.For broader markets, including crypto, the combination of rising yields, geopolitical risk, and slowing growth is creating a challenging environment. Bitcoin and other risk assets have increasingly moved in line with macro trends, with volatility likely to remain elevated.Traders are closely monitoring both geopolitical developments and economic data, as the interaction between inflation, growth, and central bank policy continues to drive market direction.

DeFi giant Aave has officially deployed on OKX’s Ethereum Layer-2 network X Layer, giving wallet users seamless access to lending, borrowing, and compounding yield without bridging or extra setup. This marks X Layer’s largest protocol integration yet, underscoring the L2’s growing role in the Ethereum scaling race.

Key TakeawaysFed Chair Jerome Powell and John Williams speeches set tone for markets.Key labor data includes JOLTS, ADP, jobless claims, and Non-Farm Payrolls (NFP).Strong data may delay rate cuts, boosting yields and pressuring risk assets.Bitcoin and crypto markets likely to remain event-driven and volatile.Global markets are entering a critical macro week, with Federal Reserve communication and U.S. labor data expected to drive volatility across equities, bonds, currencies, and cryptocurrencies.Attention centers on speeches from Jerome Powell and John Williams on March 30, which are likely to provide signals on inflation, interest rates, and the policy outlook.Markets will then shift focus to a series of labor indicators, including the Job Openings and Labor Turnover Survey (JOLTS), ADP private employment data, weekly jobless claims, and the March Non-Farm Payrolls (NFP) report on April 3.The labor market remains central to the Fed’s policy path. Strong employment and wage growth could reinforce a higher-for-longer rate environment, while weaker data may support expectations for rate cuts.For Bitcoin and the broader crypto market, the macro backdrop remains a key driver. Rising yields and a stronger U.S. dollar typically weigh on risk assets, while signs of economic slowing can improve liquidity expectations and support crypto prices.Market participants are expected to react quickly to each data release, with positioning likely to remain cautious ahead of the NFP report.The combination of Fed guidance and labor market data is likely to determine near-term direction, with Bitcoin continuing to trade in a macro-driven, range-bound environment until clearer signals emerge.

Public Bitcoin miners are increasingly moving towards AI infrastructure as the weighted average cash mining costs have surged to approximately $80,000 per BTC. According to NS3.AI, this figure is roughly $19,000 above the current spot prices, which range between $68,000 and $70,000. Signed contracts for AI and high-performance computing (HPC) have surpassed $70 billion, indicating a significant shift in focus. By the end of 2026, AI revenue could constitute up to 70% of total revenue for some miners, reflecting the growing importance of AI in their operations.

Ryan Lee, chief analyst at Bitget Research, stated that market movements in the second quarter of 2026 will remain highly driven by geopolitical tensions, particularly their continued disruption to energy markets and global liquidity. If tensions escalate further and substantially impact Asian oil supplies, Brent crude prices could remain above $120 per barrel. This would further fuel inflation expectations and keep the global macro-financial environment tight. Lee pointed out that if high oil prices persist beyond market expectations, asset allocation may further shift towards defensive assets. Against this backdrop, tightening liquidity and declining risk appetite could continue to suppress the overall performance of digital assets. Bitcoin could potentially fall to around $55,000, while Ethereum could test the $1,500 area. He further emphasized that as energy costs rise, their impact on yield expectations, portfolio adjustments, and cross-market capital flows is increasing, making oil prices one of the key external variables affecting the performance of crypto assets in the second quarter.

XT has listed VTGO (VoltGo Token), and deposits are now open. Trading will open on March 30, 2026 at 23:00 (UTC+8), and withdrawals will open on March 31, 2026 at 23:00 (UTC+8). VTGO is a digital currency for smart charging devices, linking retail revenue to the token. Its core product is a portable power bank, aiming to build a Web 3.0 smart charging ecosystem.

The decentralized stablecoin USDD has reached a new milestone, with its total value locked (TVL) surpassing $1.93 billion, marking an increase of approximately $500 million within a week. According to Odaily, this achievement sets a new record for USDD. CoinMarketCap rankings show USDD currently holds the ninth position in the stablecoin market with a circulation of $14.08 billion, just behind RLUSD at $14.1 billion. This milestone further validates USDD's market positioning as a 'yield-bearing version of USDT,' highlighting its strong stability and appeal to users amid market fluctuations. USDD is a multi-chain decentralized over-collateralized stablecoin launched by the TRON ecosystem. It is currently issued on the TRON network, Ethereum, and BNBChain. The stablecoin employs a dual security mechanism of 'over-collateralization + PSM 1:1 exchange' and benefits from seamless compatibility with major DeFi protocols and multi-chain deployment advantages, continuously attracting capital inflows.

The regulatory crackdown has already taken shape, and Polymarket's policy upgrade is a proactive response to this crackdown.

Mac users are being targeted by fake Cloudflare CAPTCHA pages that trick them into running commands which install the Infiniti Stealer malware. The malware quietly steals crypto wallets, browser passwords, and other sensitive data without any visible signs.

U.S. Democrats, led by Senators Elizabeth Warren and Maxine Waters, have launched an aggressive investigation in the efforts to expose the dirty dealings between the Trump family and crypto companies.

The divide between pure mining companies and new infrastructure companies transitioning to AI has widened further.

Publicly listed Bitcoin mining companies are facing an unsustainable economic model, losing approximately $19,000 for every BTC produced, and are therefore rapidly shifting towards AI and high-performance computing infrastructure. This transformation is being funded through massive borrowing and large-scale BTC sell-offs.

When AI starts spending its own money, cryptocurrency has finally found its long-awaited killer application. But you might be wrong; who will be the biggest beneficiary?

Sam Altman's World Foundation has secretly dumped $65 million worth of WLD tokens, selling them at steep discounts right at a time when the token is hitting historic lows, amplifying fears of deeper downside ahead.

Federal Reserve, Milan, Monetary Policy, Liquidity, Stephen Miran: How Will the Fed Shrink Its Balance Sheet? Golden Finance: It's possible and not difficult, but very slow.