Gate News Announcement: On March 11, the Solana ecosystem DeFi protocol Drift announced that on March 12, it will launch cross-chain deposit functionality, allowing users to transfer funds from any major trading platform and start trading.

From 2026-03-11 13:00 to 2026-03-11 13:15 (UTC), the BTC price achieved a +0.73% return within 15 minutes, with a range quote of 69,338.6 to 69,975.0 USDT, and an amplitude of 0.92%. During this period, market activity significantly increased, trading volume surged compared to the previous period, market attention heated up, and short-term bullish sentiment dominated the market. The main driver of this anomaly was large on-chain capital flows — in the first 10 minutes before the event, multiple large BTC transfers flowed into a major exchange's hot wallet, indicating

Gate News reports that on March 11, the U.S. Department of Justice is investigating how Iran is using a major global cryptocurrency exchange to circumvent U.S. sanctions. According to company documents and informed sources, an internal investigation into suspicious fund flows exceeding $1 billion was previously halted. These funds were channeled through the platform to a network that provides funding to Iran-backed terrorist organizations (including the Houthi rebels in Yemen). The investigation focuses on the movement of these funds on the platform and the associated compliance risks.

On March 11, Gate News reported that, according to Coinglass data, Bitcoin experienced a slight pullback, and the funding rates on major CEX and DEX platforms indicated a generally bearish market. Funding rates are used to adjust the trading costs of perpetual contracts to keep the contract prices aligned with the underlying assets.

On March 11, G7 leaders will hold a conference call to discuss the Iran crisis and rising energy prices. On a decentralized derivatives trading platform, a whale has built a position worth over one million USD in WTI crude oil longs, with the oil price already rising to $86.3, resulting in significant unrealized gains. The IEA plans to deploy 400 million barrels of strategic reserves to address oil price fluctuations.

On March 11, Hyperinsight showed that the short positions on major commodities such as gold, silver, and crude oil on the Hyperliquid platform each exceeded $10 million. The largest short position in gold reached $27.4 million, while short positions in silver and crude oil were $12.9 million and $25.6 million respectively. The overall unrealized losses and gains varied, reflecting different market strategies for trading commodities.

On March 11, Hyperinsight detected that on the Hyperliquid platform, a whale account opened a short position of XYZ100 with 30x leverage, with an average opening price of $25,053, and a position size of $1.04 million. Currently, XYZ100 is quoted at $24,977, down 0.4% in the past 24 hours.

The operator of Korea's token securities platform PIECE, Bycell Standard, has completed Series A funding of 4 billion KRW, with major investors including Xperix Group and S&S. The new funds will be used for acquiring core assets, recruiting talent, and applying for licensing in the investment sector.

This article summarizes cryptocurrency news as of March 11, 2026, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. Arthur Hayes warns: Bitcoin may dip below $60,000 in the short term, but still has the potential to surge to $500,000 in the long term; 2. Aave oracle failure triggers a chain of liquidations: $26 million in positions evaporate, DAO promises full compensation; 3. Circle stock price may hit $190: USDC stablecoin application expansion, Wall Street optimistic about the future of digital dollar payments.

BNB Chain is becoming the preferred public chain for retail users to trade stablecoins. In February, the number of independent stablecoin transfer addresses reached 15.1 million, a 133% year-over-year increase, ranking first among major public chains. Although it accounts for only 5% of the global stablecoin supply, its transaction volume accounts for 40%. Low transaction fees and strong DeFi protocols are driving this trend.