Gate Cryptocurrency News and Market Analysis

Bitcoin (BTC) staged a strong rebound over the weekend, trading around $72,490 as of March 16. "Super Central Bank Week" is upon us, as the shadow of the Iran conflict looms over global interest rate decisions. U.S. Energy Secretary Reit stated that the Iran conflict will end "in the coming weeks," after which oil supply will rebound and energy prices will decline. The International Energy Agency revealed that emergency reserve oil will soon begin flowing into global markets.

Mizuho Financial Group research shows that USDC's adjusted trading volume will reach $2.2 trillion in 2026, surpassing USDT's $1.3 trillion for the first time, demonstrating its growth in the stablecoin market. USDC performs better in regulated markets, while USDT maintains dominance in emerging markets, reflecting geographic differentiation in the stablecoin market. This phenomenon is closely related to the different regulatory strategies adopted by both.

Decentralized lending platform Venus Protocol recently suffered a supply cap manipulation attack targeting the Thena token, resulting in losses exceeding $3.7 million. The attacker accumulated tokens over 9 months through gradual methods, ultimately bypassing the supply cap and manipulating the price to cause massive asset borrowing. The platform has suspended related lending and withdrawal functions to mitigate risks, exposing systemic vulnerabilities in DeFi protocols regarding long-term monitoring and low-liquidity tokens.