Global Markets

BNP Paribas will launch six exchange-traded notes (ETNs) linked to Bitcoin and Ethereum for retail customers in France on March 30, marking the latest step of traditional financial institutions entering the regulated crypto space. These ETN products comply with MiFID II regulations, allowing investors to participate without holding cryptocurrencies, thereby increasing market accessibility and compliance. The bank is also advancing its blockchain infrastructure development and digital asset strategy.

Ethereum has currently broken below a key support level, presenting a bearish flag pattern, indicating a potential continuation of the downward trend. Trading volume is sluggish, market participation is insufficient, and there is a continued net outflow from ETFs. The minting of USDC has slowed, liquidity recovery is unstable, and time is needed to repair demand.

BlackRock is recruiting a Managing Director for Digital Assets, with an annual salary of up to $350,000, focusing on cryptocurrency, stablecoins, and tokenization strategies. Recent ETF fund outflows show a divergence in performance between IBIT and ETHA, with market confidence in Bitcoin stronger than in Ethereum. Additionally, Morgan Stanley plans to launch a low-fee Bitcoin ETF, which may pose competitive pressure on BlackRock.

Former U.S. President Trump stated in an exclusive interview that the war goal against Iran is to seize oil and is considering deploying troops to occupy Hark Island. U.S. stocks plummeted due to the deteriorating situation in the Middle East, with Taiwan's stock market opening below 33,000 points, and TSMC also falling below 1,800 NT dollars. The rise in oil prices has sparked inflation concerns, affecting market confidence. The cryptocurrency market reacted mildly, with short-term trends unclear.

Grayscale signals digital asset treasuries are stabilizing after a crypto equity reset, as firms deploy structural reforms, yield strategies, and diversification to rebuild confidence and strengthen long-term positioning across institutional crypto markets. Crypto Treasury Firms Regain

Speaker MB Ghalibaf of the Iranian Parliament warned investors of market manipulation tied to the US-Iran war, advising them to trade against misleading narratives. His comments sparked mixed reactions online, highlighting the broader impact of geopolitical tensions on markets.

Ethereum (ETH) is currently facing structural challenges from the Tether stablecoin USDT, which has seen its market cap grow by 622.50% over five years, greatly surpassing ETH's 11.75%. The stablecoin market size has increased from $5 billion to $310 billion, indicating a rise in safe-haven demand. ETH is also affected by geopolitical and monetary policy factors, with institutional funds withdrawing, leading to a stagnant market cap growth. Technical analysis suggests that ETH could drop to $1,250, further widening the market cap gap with USDT.

Robert Kiyosaki points out that national debt and currency issuance will exacerbate inflation, while geopolitical conflicts may drive up oil prices. He emphasizes that personal financial awareness and asset allocation are crucial in the current economic environment, holding a positive view on gold, silver, oil, and cryptocurrency.

The conflict between the U.S. and Iran is escalating, with the U.S. intending to seize Iranian oil. The blockade of the Strait of Hormuz has caused oil prices to surge to $115, impacting the global economy. Taiwan's stock market plummeted by over 600 points, and inflation concerns are reshaping market monetary policy expectations, with experts warning of an increased risk of economic recession. The energy market is volatile, and the performance of safe-haven assets is mixed, with gold experiencing a sharp decline, while Bitcoin remains relatively stable, though it still lags behind other assets in the long term.

El Salvador's Bitcoin reserves have increased to 7,605.37 coins, worth approximately $506 million. Analysts point out that losses for short-term Bitcoin holders are widening, with the MVRV indicator in bear market territory. Brother Ma's losses have reached $31.3 million. Walmart's payment platform OnePay has added support for various cryptocurrencies. Gnosis and Zisk have launched an Ethereum economic zone Rollup framework.

Iranian Parliament Speaker Ghalibaf questioned Trump's trading strategy TACO and suggested taking a reverse approach. The article analyzes the reasons for TACO's failure in the Iranian crisis, including the different nature of the opponents, the absence of the Supreme Leader, and the rising geopolitical risks, which have led to a decline in market confidence. Additionally, Ghalibaf also threatened that institutions purchasing U.S. Treasury bonds are "legitimate military targets," posing a new threat to the bond market.

On March 30, the prices of gold and silver fell to $4,448.19/ounce and $68.664/ounce, respectively. The volatility index for Bitcoin and Ethereum saw a slight increase. The US dollar remained steady against the Chinese yuan and fell against the Japanese yen. Global stock indices generally declined, while international crude oil prices rose.

Bitcoin prices remain weak, around $66,380 on March 30. The U.S. Kalshi prediction market is facing lawsuits, and Canada plans to ban cryptocurrency political donations entirely to reduce election risks. U.S. stocks have plummeted, with significant declines in tech stocks. Concerns over war and inflation have led to investor pessimism, and future attention must be paid to U.S. stock trends.

Gate News report, on March 30, the Nikkei 225 index (the benchmark index for the Japanese stock market) opened down 1338.99 points, a decrease of 2.51%, at 52034.08 points. The KOSPI index (the Korea Composite Stock Price Index) opened down 259.23 points, a decrease of 4.77%, at 5179.64 points.

Strategy Executive Chairman Michael Saylor did not release a Bitcoin tracking post this week, leading the market to speculate that the company may pause its purchasing plan. Saylor emphasized the advantages of preferred stock STRC and revealed that the company has acquired approximately 90,831 Bitcoins since last year, with current holdings reaching 762,099 coins.

Bitcoin has fallen below $67,000, with a weekly decline of about 3%, influenced by U.S. military actions against Iran, along with outflows from spot Bitcoin ETFs and the return of interest rate hike expectations in pricing, leading to a fearful market sentiment. Increased miner sell-offs have been noted, but it is pointed out that demand-side expansion confirmation is needed to maintain a bullish outlook.

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

Gate News report, on March 30, the Nikkei 225 Index (Japan's benchmark stock index) plummeted by 5.00% during the day, currently reported at 50627.52 points.

Gate News: According to the latest Gate TradFi data, NG (Natural Gas) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.