Stablecoin Tether's Chief Investment Officer Richard Heathcote will step down and transition to an advisory role, with his deputy Zachary Lyons taking over. During his tenure, he led the company's investment strategy, particularly regarding USDT reserve management and multiple investment transactions. Tether's U.S. Treasury holdings are expected to increase to $122 billion by the end of 2025.

Gate News bot message: According to the latest Gate TradFi data, NAS100 has dropped 1.5% in the short term, with current volatility significantly higher than recent average levels, and market activity has increased.

Gate News bot message: According to the latest Gate TradFi data, XAGUSD has dropped 2% in the short term, with current volatility significantly higher than the recent average level, and market activity has increased.

Gate News bot message, according to the latest Gate TradFi data, USDZAR has risen 2% in the short term, with current volatility significantly higher than recent average levels, indicating increased market activity.

Research firm Santiment found that over the past year, when USDT active addresses on a certain public blockchain surged three times, BTC price rebounded each time, indicating that USDT liquidity has a significant impact on BTC price.

Gate News reports that on March 12, Zama and crypto market maker GSR announced that they have completed the first confidential over-the-counter transaction on Ethereum based on the Zama protocol. The transaction achieved encrypted protection of sensitive data such as transaction size and fund flows on the public blockchain. Zama stated that the transaction aims to eliminate "privacy loopholes" for institutional participants caused by on-chain data transparency. Through fully homomorphic encryption (FHE) technology, transaction details remain encrypted on-chain while ensuring transaction verifiability and settlement finality.

On March 12, Bitcoin's ratio against gold displayed bullish divergence, indicating weakened selling pressure and potentially serving as a reference point for Bitcoin's long-term trend bottom. Bitcoin ETF net inflows reached approximately $906 million, while gold ETF experienced single-day outflows of $3 billion, forming a notable divergence. Despite ETF trading volume being lower than US equities, there remains significant room for institutional capital entry. Historically, Bitcoin has often rebounded following geopolitical turmoil.

Gate News bot message: According to the latest data from Gate TradFi, MELI has dropped 6% in the short term. The current volatility is significantly higher than the recent average level, and market activity is rising.

Over the past 24 hours, the total liquidation amount in the cryptocurrency market reached $174 million, involving long positions of $92.23 million and short positions of $81.54 million. BTC and ETH saw liquidations of $60.80 million and $47.73 million respectively, with a total of 75,190 traders liquidated. The largest single liquidation was $4.24 million.

Gate News reported that on March 12, according to Onchain Lens monitoring, a newly created wallet withdrew 720 BTC from a certain CEX, valued at $50.14 million.