In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $395 million, with $206 million in long positions and $188 million in short positions liquidated. BTC and ETH were liquidated for $152.5 million and $76.97 million respectively, with a total of 93,639 people liquidated. The largest single liquidation occurred on Hyperliquid's BTC-USD trading pair, valued at $6.88 million.

Gate News Announcement, March 9 — Bloomberg ETF analyst Eric Balchunas posted on social media that tokenization will not replace ETFs but will distribute them, which is actually bullish. He pointed out that tokenization will bring the world's most popular ETFs on-chain, providing access to people in developing countries.

Ho Chi Minh City People's Committee in Vietnam has approved the establishment of a large venture capital fund, with plans to raise 5 trillion VND (approximately $190 million) by 2035, prioritizing investments in artificial intelligence, blockchain, biotechnology, and other fields. Several companies and investment funds are already participating.

Tencent Chairman Ma Huateng shared a report about the open-source AI agent OpenClaw on his Moments and expressed surprise at its popularity. During the National People's Congress, Academician Gao Wen mentioned the public's anticipation for OpenClaw, and major cloud service platforms have launched one-click deployment services, attracting a large number of users.

At the Fourth Session of the National People's Congress, Chief Justice Zhang Jun reported that over the past five years, there has been a significant increase in the number of cyber security crime cases, including online rumors and money laundering. He emphasized strict punishment for related crimes and also pointed out that drivers who use assisted driving after drinking alcohol still bear criminal responsibility.

Mysten Labs CEO evan.sui, in an interview, opposed the statement that "bear markets are good," emphasizing that bear markets have caused substantial harm to many people, including financial losses and team disbandments. He believes that the negative impact of bear markets will slow down industry development and is not worth celebrating.

People's Bank of China Governor Pan Gongsheng stated at the National People's Congress that over the past year, China's financial risks have been effectively controlled, and the financial market has operated stably. In the future, efforts will continue to crack down on illegal financial activities, maintain financial stability, assess the impact of external shocks, and implement policy measures to manage risks.

Gate News Report, March 8, Wang Yi expressed his views on the Iran situation at the diplomatic press conference during the Fourth Session of the 14th National People's Congress. Wang Yi stated that the Iran situation is the focus of the current international landscape. China maintains an objective and fair attitude, having repeatedly clarified its principled stance, which can be summarized in one sentence: cease fire and end the war. Wang Yi pointed out that in the face of the Middle East engulfed in war, this is a war that should not have happened and is also a war that benefits no party. China once again calls for: an immediate halt to military actions, preventing the situation from escalating in turn, and avoiding the spillover and spread of the conflict.

Hong Kong Legislative Council Chairman Regina Ip stated that she will support the development of the first five-year plan and proposed recommendations for financial and technological development. Hong Kong's National People's Congress delegate Chan Zhenying emphasized the need for cautious development of emerging financial products and regulation of AI usage to ensure financial security. Wu Jiezhuang mentioned that Hong Kong should leverage its advantages, consolidate its status as an international financial center, and promote technological innovation.

Anthropic's research report shows that although AI theory covers tasks across multiple fields, the actual adoption rate is only a small fraction. Highly educated, high-income female professionals are the most exposed group. The study warns that as AI develops, white-collar workers may face high unemployment rates. Job search rates have declined significantly, and some young people are choosing to continue their education or temporarily withdraw from the labor market.