Euro against the US dollar drops more than 0.5% intraday, now at 1.1795

Iran Announces "Selective Passage" in Strait of Hormuz, Bessent Declares War: Trading 50 Days of US Price Increases for 50 Years of Middle East Peace

Iran's Foreign Ministry stated that the Strait of Hormuz is not closed, but will intercept U.S. and Israeli vessels, which triggered a market oil price surge and revised inflation expectations upward. The U.S. Treasury Secretary stated that short-term price increases are the price to pay for long-term peace in the Middle East. The cryptocurrency market has also suffered a severe downturn, with both Bitcoin and Ethereum experiencing significant declines.

Mastercard Spends $1.8 Billion on Stablecoin Insurance, Cross-Border Payment King Begins Defense

Mastercard is acquiring stablecoin infrastructure company BVNK for up to $1.8 billion, a move aimed at protecting its market position in cross-border transactions as stablecoins threaten 37% of its revenue. BVNK will help Mastercard integrate stablecoin payments, improve settlement efficiency and reduce costs, while addressing regulatory challenges. User experience may remain unchanged in the future, but settlement speed and costs are expected to improve.

Hyperliquid Surpasses CME Pricing Status, On-Chain Commodity Trading Volume Breaks $173.4 Billion

Hyperliquid's HIP-3 board has achieved billion in trading volume over the past 7 days, primarily driven by WTI crude oil contracts, demonstrating strong market activity. Powered by the US-Iran conflict, the platform's 24/7 trading functionality has made it an important source for price discovery, replacing traditional exchanges. As Hyperliquid adapts to CFTC regulations, it aims to maintain financial neutrality, but how to balance compliance requirements with the advantages of decentralized trading remains a challenge.

NYSE Lifts Cap on Cryptocurrency ETF Options, Unified Standard Takes Effect Across All U.S. Exchanges

NYSE Arca and NYSE American have submitted rule changes to the U.S. Securities and Exchange Commission to eliminate position limits on options contracts for spot Bitcoin and Ethereum ETFs. This change aligns cryptocurrency ETF trading rules with standards for other commodity-class ETFs and allows institutions to design customized options products, expanding their market strategies and execution capabilities. According to market standards, position limits for large ETFs can exceed 250,000 contracts.

Gate Daily Report (March 23): MicroStrategy Releases Bitcoin Buy Signal; MajiDaBro's ETH Liquidation Incurs Losses of 30.35 Million

Bitcoin has continued to decline to around $67,950, with MicroStrategy founder Michael Saylor reiterating a buy-the-dip strategy. Huang Licheng's highly leveraged ETH position was completely liquidated, with losses exceeding $30.35 million. Fidelity has called on the US SEC to improve its regulatory framework for crypto assets. US stocks have broadly declined, and market sentiment remains cautious.

TradFi Fall Alert: AUDCAD (AUD/CAD) Falls Over 0.5%

Gate News: According to the latest Gate TradFi data, AUDCAD (AUD/CAD) has dropped by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market