The NASDAQ Composite Index turned positive intraday, after falling more than 1% at one point.

Xinda Futures: Rising Energy Prices Constrain Rate Expectations, Gold Under Short-Term Pressure

Xinda Futures research indicates that gold price movements are influenced by rising energy prices and interest rate expectations. The Middle East conflict has kept crude oil at elevated levels, intensifying inflation concerns in the market and suppressing gold prices. The market expects the Federal Reserve to maintain interest rates unchanged, but Powell's assessment will impact subsequent policy decisions.

Sky Co-founder Rune's Long Position in Crude Oil Turned Profitable, Overall Position Value Rose to $11.55 Million

On March 22, after Trump issued a "48-hour ultimatum," crude oil prices rose. Sky founder Rune's multiple leveraged positions were profitable, with a structure including a 20x leveraged WTI crude oil long position with unrealized gains of approximately $155,000, a 7x leveraged Brent crude oil long position with unrealized gains of approximately $130,000, and total position value reaching approximately $11.55 million.

Tom Lee: Maintains S&P 500 Year-End Target of 7700, War Historically Often Signals Buying Opportunity

Ethereum Treasury Company Chairman Tom Lee maintained his year-end S&P 500 target of 7700 in an interview, viewing this as a conservative estimate. Despite the short-term impact of the war, it could benefit the U.S. economy in the long term, and the market may shift from crisis to opportunity. He pointed out that the market has already adjusted, and investors have completed their de-risking.

CFTC clarifies cryptocurrency margin rules: BTC and ETH capital deduction rate of 20%, permitting investment in the derivatives market

The U.S. Commodity Futures Trading Commission (CFTC) recently released an FAQ clarifying the rules for using cryptocurrencies as margin in derivatives markets, specifically setting capital deduction rates of 20% for Bitcoin and Ethereum and 2% for stablecoins. The pilot program will be limited to three coin types in the first three months, after which it will expand to additional cryptocurrencies and relax reporting requirements. Qualifying crypto assets may be used as margin, marking a gradual acceptance of blockchain assets within the U.S. financial system.

Musk Announces Terafab Project Disclosure Tomorrow, Annual Production Capacity Target Exceeds 1 Terawatt Computing Power

Gate News reported that on March 22, Musk announced today that SpaceX and Tesla will jointly announce the TERAFAB project tomorrow at approximately 9:00 AM Beijing time, with a live broadcast on the X platform. The project aims to achieve computing power production capacity exceeding 1 terawatt annually, covering logic chips, memory chips, and packaging. Approximately 80% of the production capacity will be used for space applications, with approximately 20% for ground applications.

US Bitcoin Spot ETF Attracts Inflows for Seven Consecutive Days, Institutional Funds Return

Recent inflows into U.S. cryptocurrency spot ETFs have warmed, particularly with Bitcoin and Ethereum ETFs recording net inflows over multiple consecutive days, indicating increased investor allocation appetite. Bitcoin ETF recorded approximately $199.4 million in net inflows on the 17th, marking the longest consecutive inflow streak in five months, with capital primarily flowing to major issuers such as BlackRock and Fidelity. This wave of reflux is mutually reinforcing with Bitcoin price appreciation, reflecting the market's preference among traditional capital for allocation to regulated products, providing stable support to spot prices.