Crypto Macro News and Global Policy Updates

On the decentralized sustainable derivatives exchange Hyperliquid, a whale trader opened a leveraged short Bitcoin position worth $53.0 million, with a liquidation price of $80,630. At the same time, the trader also holds short positions in silver and multiple altcoins, as well as a long position in Brent crude oil, reflecting its bearish outlook on the current market. Geopolitics, regulatory uncertainty, and the upcoming employment data make up the threefold pressure weighing on this week’s market.

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

U.S. spot crypto ETFs saw outflows in the last week of March, with combined outflows from Bitcoin and Ethereum ETFs totaling about $503 million. Although Bitcoin ETFs had net inflows for four weeks, they turned to redemptions this week, mainly due to worsening market sentiment. Ethereum ETFs continued to see outflows, but BlackRock’s ETHB recorded net inflows thanks to its staking feature, indicating institutional interest in yield-generating products. XRP ETFs moved slightly higher against the trend, but this was still not enough to signal a shift in the market toward altcoins.

Cuba’s central bank has for the first time approved 10 companies to use cryptocurrencies for international payments, including 9 small and micro enterprises and 1 joint venture, with a license validity period of 1 year. This marks the first time that Cuban companies have been granted permission to directly operate international payments, which must be handled through approved virtual asset service providers and with transaction information reported on a regular basis.

Bitcoin rebounds in the short term to $67,660, and a U.S. senator proposes the “U.S. Mining Act,” aiming to establish a strategic Bitcoin reserve. Bitmine re-stakes 167,500 ETH, bringing its total staked amount to nearly 3.31 million ETH. With market volatility, the S&P 500 and Nasdaq indices fell. Analysts say short-term market sentiment is sluggish, and rising oil prices are affecting the BTC price.

From 2026-03-31 01:15 to 2026-03-31 01:30 (UTC), ETH recorded a +1.04% return within 15 minutes. The price range was 2039.77 to 2062.77 USDT, with a swing of 1.13%. During this period, market volatility intensified, trading activity surged, and attention to short-term moves increased. The main drivers behind this unusual move are continued inflows of institutional capital via spot ETFs, with buy-side dominance in the Ethereum spot market. On-chain large transfers increased, whale addresses boosted their holdings within a short time, and funds flowed from multiple major exchanges into centralized and decentralized platforms.

Strategy’s preferred share STRC will be listed on a UK trading platform on March 30, but UK investors face a high tax burden. UK investors are advised to consider the 21Shares Strategy Yield ETP because it offers better tax efficiency, with no income tax burden.

On March 30, the U.S. SOL spot ETF saw a net outflow of $6.1743 million in a single day; only the Bitwise Solana Staking ETF recorded an outflow, with historical total net inflows reaching $792.0 million. The current net asset value of total assets for the SOL spot ETFs is $802 million, with a net assets ratio of 1.69%.

The U.S. Department of Labor proposes new regulations, aiming to make it easier for 401(k) retirement plans to include alternative assets such as cryptocurrencies to reflect the modern investment landscape. Supporters believe this move can increase portfolio diversification, while opponents worry it could harm wage earners. The rules are still in the public comment phase and the final form has not yet been determined.

Bitcoin rebounded to above $67,000 on March 31, mainly driven by signals from U.S.-Iran diplomacy and the Federal Reserve’s decision to keep interest rates unchanged. Market sentiment temporarily improved, but Iran’s Ministry of Foreign Affairs said that the lack of direct negotiations could limit the rebound. The potential impact of the Strait of Hormuz toll bill on supply chains is pushing up oil prices and putting pressure on the market; it’s important to closely monitor future price movements.

U.S. President Trump said he is willing to end military action against Iran, even if the Strait of Hormuz remains closed. He plans to use diplomatic pressure to Iran to restore free trade; if that fails, he will consider having allies take the lead in reopening the strait. A military option is not a priority.

According to SoSoValue data, on March 30, the U.S. spot XRP ETF saw a single-day net outflow of $2.3075 million, mainly from the Grayscale XRP Trust ETF (GXRP). The spot ETF’s total net asset value was $929 million, and its historical cumulative net inflows reached $1.209 billion.

Gate News update: On March 31, according to Gate data, U.S. stock index futures for the three major indexes (Nasdaq, S&P 500, Dow Jones) turned higher from rising to positive, gold prices moved up in the short term, while oil prices declined.

Anchorage Digital and Chainlink Labs jointly funded the "Blockchain Leadership Fund" with the goal of supporting candidates in the midterm elections who promote digital asset policy, and it will also conduct voter education. With the current U.S. crypto legislative process stalled, the relevant organizations are also campaigning for the 2026 election.

Bitcoin mining company Bitdeer announced that it has reached an agreement with a Norwegian contractor to retrofit existing facilities into Norway’s largest AI data center, supporting NVIDIA’s AI technology. At the same time, Bitdeer is clearing its Bitcoin reserves and plans to raise $300 million by issuing convertible preferred notes to advance the transformation of high-performance computing and AI infrastructure.

Bitcoin Treasury Bonds Company Strive and Tuttle Capital Management filed an application with the U.S. SEC, planning to launch a "T-Strive Digital Credit ETF" and list it on the Cboe exchange. The ETF invests in preferred stock issued by the Bitcoin Treasury Bonds Company through swaps and leverage instruments, and holds 13,310.9 BTC.

Gate News message, March 31, the South Korean and Japanese stock markets continued to fall. South Korea’s KOSPI index (Korea Composite Stock Price Index) plunged 4% intraday, and Japan’s Nikkei 225 index (Japan’s benchmark stock market index) saw its decline widen to 2.4%.

Gate News message, March 31, the intraday trading session of the stock markets in South Korea and Japan saw a decline, with the South Korea KOSPI index (Korea Composite Stock Price Index) reaching an intraday drop of 4%, and Japan’s Nikkei 225 index (Japan’s benchmark stock market index) with its decline widening to 2.4%.

Gate News message, March 31. The stock markets in Korea and Japan opened lower on March 31 (Tuesday). The Korea KOSPI index (Korea Composite Stock Price Index) opened down 130.16 points, down 2.47%, at 5147.14 points. The Nikkei 225 index (Japan stock market benchmark index) opened down 447.09 points, down 0.86%, at 51438.76 points.

Gate News message, on March 31, Iran’s parliamentary National Security Commission approved a bill to impose fees on vessels transiting the Strait of Hormuz. The bill includes the following: implementing financial arrangements and a charging system in the form of Iranian rials; banning U.S. and Israeli ships from transiting the Strait of Hormuz; maintaining Iran and its armed forces’ dominant position; prohibiting countries that participate in unilateral sanctions against Iran from transiting; Iran will cooperate with Oman to develop the relevant legal framework.