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On March 27, Circle announced that USDC and CCTP will soon be available on Pharos Network. The world's largest regulated stablecoin and secure cross-chain settlement infrastructure will be integrated into Pharos. Pharos is a Layer-1 network built for applications such as tokenized RWAs, institutional-grade DeFi, and stablecoin payments.

[Circle to Integrate USDC and CCTP into Pharos Network]On March 27, Circle announced that USDC and CCTP will soon be available on Pharos Network. The world's largest regulated stablecoin and secure cross-chain settlement infrastructure will be integrated into Pharos. Pharos is a Layer-1 network built for applications such as tokenized RWAs, institutional-grade DeFi, and stablecoin payments.

Circle to Integrate USDC and CCTP into Pharos Network

On March 27, as traders grow increasingly uneasy about the protracted conflict in the Middle East, the US stock market is heading towards its longest weekly decline since 2022, with bonds across the board also falling. As of 8:25 AM New York time, S&P 500 futures were down 0.4%, indicating the benchmark index is set to decline for the fifth consecutive week. Nasdaq 100 futures fell 0.6%, while Dow futures dropped 0.4%. Amundi multi-asset portfolio manager Amélie Derambure stated, 'After President Trump's remarks briefly brought some glimmers of hope, which were quickly dashed, the market now demands higher standards for policy statements. The 'TACO trade' has become more difficult to execute, as the situation can no longer return to the starting point.'

[US Stocks Face Longest Weekly Decline Since 2022 as Traders Exercise Caution Ahead of Weekend]On March 27, as traders grow increasingly uneasy about the protracted conflict in the Middle East, the US stock market is heading towards its longest weekly decline since 2022, with bonds across the board also falling. As of 8:25 AM New York time, S&P 500 futures were down 0.4%, indicating the benchmark index is set to decline for the fifth consecutive week. Nasdaq 100 futures fell 0.6%, while Dow futures dropped 0.4%. Amundi multi-asset portfolio manager Amélie Derambure stated, 'After President Trump's remarks briefly brought some glimmers of hope, which were quickly dashed, the market now demands higher standards for policy statements. The 'TACO trade' has become more difficult to execute, as the situation can no longer return to the starting point.'

US Stocks Face Longest Weekly Decline Since 2022 as Traders Exercise Caution Ahead of Weekend

As of the market close on March 26, the S&P 500 Index (SPX) closed at 6,477.16 points, marking a weekly decline of approximately 1.9%, officially confirming its fifth consecutive week of losses, the longest weekly losing streak of 2023. The index has retraced about 7.2% from its historical high of 6,978.59 points on January 27 and fell below the 200-day moving average (6,619 points) on March 25, triggering a critical technical breakdown signal.

[S&P 500 Set to Record Fifth Consecutive Weekly Decline, Longest Losing Streak of 2023]As of the market close on March 26, the S&P 500 Index (SPX) closed at 6,477.16 points, marking a weekly decline of approximately 1.9%, officially confirming its fifth consecutive week of losses, the longest weekly losing streak of 2023. The index has retraced about 7.2% from its historical high of 6,978.59 points on January 27 and fell below the 200-day moving average (6,619 points) on March 25, triggering a critical technical breakdown signal.

S&P 500 Set to Record Fifth Consecutive Weekly Decline, Longest Losing Streak of 2023

On March 27, Axios reported that U.S. Vice President Vance is preparing to take on the most significant task of his career: leading efforts to end the U.S.-Iran war. Notably, he has maintained a cautious stance towards initiating war from the outset. Vance has already had multiple conversations with Israeli Prime Minister Netanyahu and has participated in indirect communications with Iran, and he is expected to become the chief U.S. negotiator in potential peace talks. According to sources from the U.S. and Israel, Vance is deeply skeptical of Israel's optimistic pre-war assessments regarding the direction of the conflict, with expectations that the war will continue for several more weeks. Advisors to Vance believe that there are individuals within Israel attempting to sideline the Vice President, possibly due to perceptions that he is not tough enough. Israeli officials have denied this. White House officials state that Vance's qualifications within the government, along with his consistent opposition to endless overseas conflicts, make him a more acceptable dialogue partner for the Iranians compared to Witkoff and Kushner, who were responsible for the previous two rounds of unsuccessful negotiations.

[Vance to Lead US-Iran Talks, His Anti-War Stance May Facilitate Diplomatic Breakthrough]On March 27, Axios reported that U.S. Vice President Vance is preparing to take on the most significant task of his career: leading efforts to end the U.S.-Iran war. Notably, he has maintained a cautious stance towards initiating war from the outset. Vance has already had multiple conversations with Israeli Prime Minister Netanyahu and has participated in indirect communications with Iran, and he is expected to become the chief U.S. negotiator in potential peace talks. According to sources from the U.S. and Israel, Vance is deeply skeptical of Israel's optimistic pre-war assessments regarding the direction of the conflict, with expectations that the war will continue for several more weeks. Advisors to Vance believe that there are individuals within Israel attempting to sideline the Vice President, possibly due to perceptions that he is not tough enough. Israeli officials have denied this. White House officials state that Vance's qualifications within the government, along with his consistent opposition to endless overseas conflicts, make him a more acceptable dialogue partner for the Iranians compared to Witkoff and Kushner, who were responsible for the previous two rounds of unsuccessful negotiations.

Vance to Lead US-Iran Talks, His Anti-War Stance May Facilitate Diplomatic Breakthrough

On March 27, the Iranian Revolutionary Guard Corps announced that since last night, Iranian forces have launched devastating drone attacks against the Israeli military support base and military transport center in Tel Aviv, as well as the military assembly point at Ben Gurion Airport. This wave of drone attacks aims to target the professional units of the Israeli military, disrupting the enemy's ground and air force preparation and support facilities and systems. It is expected that this drone attack will pose a sustained threat to the enemy's supply lines and directly impact Israel's rapid, secure, and large-scale transportation, ultimately affecting the regime's offensive operational capabilities.

[IRGC: Devastating Drone Attacks Launched Against Israeli Bases and Airports]On March 27, the Iranian Revolutionary Guard Corps announced that since last night, Iranian forces have launched devastating drone attacks against the Israeli military support base and military transport center in Tel Aviv, as well as the military assembly point at Ben Gurion Airport. This wave of drone attacks aims to target the professional units of the Israeli military, disrupting the enemy's ground and air force preparation and support facilities and systems. It is expected that this drone attack will pose a sustained threat to the enemy's supply lines and directly impact Israel's rapid, secure, and large-scale transportation, ultimately affecting the regime's offensive operational capabilities.

IRGC: Devastating Drone Attacks Launched Against Israeli Bases and Airports

On March 27, Caixin reported that after being detained for over two months, Chen Zhi, the founder of Cambodia's Prince Group, faced further sanctions from the UK targeting a Southeast Asian fraud network. Among those sanctioned is Hu Xiaowei, closely associated with Chen Zhi, whom the UK government describes as a 'long-term collaborator' of Chen. Their connection originated from private servers of the game 'Legend,' and they later established companies both domestically and internationally. The UK government announced these sanctions on March 26, which include multiple individuals and entities linked to the Prince Group. Chen Zhi, 38, hails from a fishing village in Fujian and previously ran an internet café. He initially gained notoriety as a hacker who 'robbed' private servers of 'Legend.' Over a decade ago, he moved to Southeast Asia and acquired Cambodian nationality. Within a few years, he controlled a global online fraud network, earning millions daily as a duke, with a net worth in the hundreds of billions, including $15 billion in Bitcoin seized by the US. At the height of his power, Chen Zhi expanded his operations to Singapore, the UK, and Taiwan. In early January 2026, he was stripped of his Cambodian nationality and extradited back to China on charges of fraud, illegal operations, and concealing criminal proceeds.

[UK Sanctions Hu Xiaowei Linked to Cambodia's Prince Group]On March 27, Caixin reported that after being detained for over two months, Chen Zhi, the founder of Cambodia's Prince Group, faced further sanctions from the UK targeting a Southeast Asian fraud network. Among those sanctioned is Hu Xiaowei, closely associated with Chen Zhi, whom the UK government describes as a 'long-term collaborator' of Chen. Their connection originated from private servers of the game 'Legend,' and they later established companies both domestically and internationally. The UK government announced these sanctions on March 26, which include multiple individuals and entities linked to the Prince Group. Chen Zhi, 38, hails from a fishing village in Fujian and previously ran an internet café. He initially gained notoriety as a hacker who 'robbed' private servers of 'Legend.' Over a decade ago, he moved to Southeast Asia and acquired Cambodian nationality. Within a few years, he controlled a global online fraud network, earning millions daily as a duke, with a net worth in the hundreds of billions, including $15 billion in Bitcoin seized by the US. At the height of his power, Chen Zhi expanded his operations to Singapore, the UK, and Taiwan. In early January 2026, he was stripped of his Cambodian nationality and extradited back to China on charges of fraud, illegal operations, and concealing criminal proceeds.

UK Sanctions Hu Xiaowei Linked to Cambodia's Prince Group

On March 27, the China Securities Regulatory Commission (CSRC) released its report on the construction of a law-based government in 2025. In 2026, the CSRC will adhere to the principle of seeking progress while maintaining stability and improving quality and efficiency, focusing on the main tasks of preventing risks, strengthening regulation, and promoting high-quality development. The commission aims to enhance regulatory effectiveness, protect the legitimate rights and interests of investors, and modernize the capital market's governance system and capacity within the framework of the rule of law. It will research and formulate a plan for the rule of law in the capital market, accelerate legislation and revision of laws in key areas, and improve the inclusivity, adaptability, competitiveness, and attractiveness of the system. The CSRC will fully implement the requirements for strictly cracking down on securities violations according to law, upholding the principle of "teeth and thorns" in regulatory enforcement, and severely combating all types of securities and futures violations and crimes. Efforts will be made to strengthen the protection of small and medium-sized investors in the capital market, promote the implementation of more representative litigation cases and advance payment cases, and effectively enhance investors' sense of gain. The commission will research and formulate a plan for integrity building, promote the implementation of credit regulation, and continuously and actively foster a market ecosystem that respects the law and upholds good faith. This will help push the high-quality development of the capital market to a new level and contribute to a strong start for the "15th Five-Year Plan."

[China Securities Regulatory Commission to Accelerate Legislation in Key Areas by 2026, Enhancing Systemic Inclusivity and Competitiveness]On March 27, the China Securities Regulatory Commission (CSRC) released its report on the construction of a law-based government in 2025. In 2026, the CSRC will adhere to the principle of seeking progress while maintaining stability and improving quality and efficiency, focusing on the main tasks of preventing risks, strengthening regulation, and promoting high-quality development. The commission aims to enhance regulatory effectiveness, protect the legitimate rights and interests of investors, and modernize the capital market's governance system and capacity within the framework of the rule of law. It will research and formulate a plan for the rule of law in the capital market, accelerate legislation and revision of laws in key areas, and improve the inclusivity, adaptability, competitiveness, and attractiveness of the system. The CSRC will fully implement the requirements for strictly cracking down on securities violations according to law, upholding the principle of "teeth and thorns" in regulatory enforcement, and severely combating all types of securities and futures violations and crimes. Efforts will be made to strengthen the protection of small and medium-sized investors in the capital market, promote the implementation of more representative litigation cases and advance payment cases, and effectively enhance investors' sense of gain. The commission will research and formulate a plan for integrity building, promote the implementation of credit regulation, and continuously and actively foster a market ecosystem that respects the law and upholds good faith. This will help push the high-quality development of the capital market to a new level and contribute to a strong start for the "15th Five-Year Plan."

China Securities Regulatory Commission to Accelerate Legislation in Key Areas by 2026, Enhancing Systemic Inclusivity and Competitiveness

On March 27, Yili Hua, founder of Liquid Capital (formerly LD Capital), stated that the cryptocurrency market is currently in a bear phase and that the war is not over, with no significant rebound in sight. The past four years in the crypto space have been disappointing; the 1011 event harvested mid-tier crypto investors, the demise of altcoins harvested retail investors, and the 1+3 rule harvested crypto VCs. Meanwhile, exchanges, market makers, and project teams have been continuously drawing blood, with the only source of lifeblood being Wall Street's ETFs and DAT, along with a few remaining believers. The anticipated disruptive innovation in crypto has yet to occur, raising questions about whether the next bull market will emerge simply due to the four-year cycle or for other reasons.

[Yili Hua: Crypto Market Disappoints Over the Past 4 Years, Mid-tier Investors, Retail Investors, and VCs Have All Been Harvested]On March 27, Yili Hua, founder of Liquid Capital (formerly LD Capital), stated that the cryptocurrency market is currently in a bear phase and that the war is not over, with no significant rebound in sight. The past four years in the crypto space have been disappointing; the 1011 event harvested mid-tier crypto investors, the demise of altcoins harvested retail investors, and the 1+3 rule harvested crypto VCs. Meanwhile, exchanges, market makers, and project teams have been continuously drawing blood, with the only source of lifeblood being Wall Street's ETFs and DAT, along with a few remaining believers. The anticipated disruptive innovation in crypto has yet to occur, raising questions about whether the next bull market will emerge simply due to the four-year cycle or for other reasons.

Yili Hua: Crypto Market Disappoints Over the Past 4 Years, Mid-tier Investors, Retail Investors, and VCs Have All Been Harvested

On March 27, the latest pricing from the CME FedWatch Tool and interest rate futures indicates that the market has completely ruled out the possibility of the Federal Reserve cutting rates before March 2027, with the earliest potential rate cut now pushed to April 2027. This extreme pricing stems from the strong hawkish signals released during the Fed's March 19 meeting and concerns over rising inflation due to geopolitical conflicts in the Middle East.

[Market Prices Zero Probability of Fed Rate Cuts Before March 2027]On March 27, the latest pricing from the CME FedWatch Tool and interest rate futures indicates that the market has completely ruled out the possibility of the Federal Reserve cutting rates before March 2027, with the earliest potential rate cut now pushed to April 2027. This extreme pricing stems from the strong hawkish signals released during the Fed's March 19 meeting and concerns over rising inflation due to geopolitical conflicts in the Middle East.

Market Prices Zero Probability of Fed Rate Cuts Before March 2027

Huobi Global data showed that BTC fell below 19000  USDT and is now at 18995.11 USDT, with a decrease of 0.98% in 24H.

[BTC fell below 19000  USDT] Huobi Global data showed that BTC fell below 19000  USDT and is now at 18995.11 USDT, with a decrease of 0.98% in 24H.

BTC fell below 19000  USDT

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btw soared to 0.030401 USDT, a new high with a 24-hour increase of 5.28%. It currently trades at 0.029078 USDT on HTX.

BTC fell below 69000  USDT

Lavrov: Russia Has Not Provided Intelligence to Iran

ARK Invest Integrates Kalshi Prediction Market Data for Investment Decisions and Risk Hedging

Trump Denies Rush for Iran Deal, Says Military Action Continues

US Reportedly Developing "Decisive Strike" Military Plan Against Iran

BTC fell below 19000 USDT

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