On March 20th, precious metals market gold and silver prices fell to $4,647.09 per ounce and $71.136 per ounce respectively; crypto volatility and foreign exchange market US dollar exchange rates rose. Global stock indices generally declined, while WTI and Brent crude oil commodities increased slightly. Gate platform supports users to trade multiple types of financial products.

Gate News report shows that on March 20, NZD/USD (New Zealand Dollar to US Dollar exchange rate) broke through 0.5850, rising to approximately 0.5880. This increase was mainly driven by New Zealand's trade deficit data coming in better than expected.

隨著現實資產上鏈趨勢加速，標普500指數正式進入加密衍生品市場，Trade XYZ在Hyperliquid平台上線標普500永續合約，支持全天候交易。該舉措將機構指數標準引入數字資產生態，滿足用戶需求，反映華爾街與區塊鏈的融合加速。Hyperliquid平台交易量上升，用戶可對多種資產進行押注。分析認為，傳統金融交易模式正發生結構性變化。

Gate News Alert: On March 19th, according to on-chain analyst @ai_9684xtpa's monitoring, whale @Jason60704294 (username "先定10个大目标") closed their short position last night (March 18th) during the market downturn. Entry price was 74238.54 USD, exit price was 71129.1 USD, with a single trade profit of 7.093 million USD. Previously, this whale's long position trades yielded a profit of 14.668 million USD.

SBI VC Trade 在日本推出面向零售用户的 USDC 借贷服务，用户可通过将 USDC 借给平台来获取利息，每次申请上限为 5000 USDC。此服务存在交易对手风险，SBI 可能会将借入的 USDC 重新贷出。

SBI VC Trade將於3月20日在日本上線USDC出借服務，用戶可通過固定期限協議出借最高5,000 USDC賺取收益。此產品為貸款而非存款，用戶需承擔交易風險，且在出借期間無法提取資金，面臨資產收回風險。

Gate partners with Komainu, integrates Komainu Connect to expand its OTC settlement infrastructure, enabling institutional clients to trade directly under regulated custody, reducing risks, improving efficiency, strengthening institutional market services, and integrating custody and financial services.

On March 18, US national debt surpassed $39 trillion, drawing market attention. Rising long-term deficits and increased interest burdens are driving debt growth, while investor interest in decentralized assets like Bitcoin is increasing. Policymakers face a trade-off between debt repayment and funding new projects. Rising debt could impact infrastructure investment and long-term economic growth, and the market needs to monitor how debt developments affect investment strategies.

March 17th, Gate data shows that gold and silver prices rose slightly, while the cryptocurrency market volatility index remained relatively unchanged. In the foreign exchange market, the US dollar declined slightly against the Chinese yuan and Japanese yen. Global stock indices rose broadly, and crude oil prices also increased. The Gate platform enables users to conveniently trade multiple asset classes, facilitating the integration of crypto assets with traditional financial assets.

March 17th, StableStock launched Hong Kong stock trading functionality, supporting 160+ Hong Kong stocks and ETF trading, allowing users to trade directly with stablecoins. The platform partners with licensed broker HabitTrade, with fees comparable to traditional brokers, and complies with HKEX trading hours.