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On March 21st, OpenAI plans to nearly double its workforce to 8,000 employees by the end of the year. This expansion is intended to accelerate the pace of enterprise product sales and close the gap with competitor Anthropic.

[OpenAI Aims to Nearly Double Staff to 8,000 by Year-End]On March 21st, OpenAI plans to nearly double its workforce to 8,000 employees by the end of the year. This expansion is intended to accelerate the pace of enterprise product sales and close the gap with competitor Anthropic.

OpenAI Aims to Nearly Double Staff to 8,000 by Year-End

On March 21st, Apple CEO Tim Cook appeared at an art space in Beijing's Chaoyang district to observe and learn about the latest applications of digital technologies, such as artificial intelligence, in the preservation and inheritance of traditional culture, including mural restoration. Cook stated, "This is a very exciting time, with everything changing rapidly, and in China, the changes are particularly fast. I believe artificial intelligence is one of the most profound things in our lifetime. In our view, artificial intelligence is an amplifier of human capability, not a replacement for humans." He added, "I think people should let go of their fear and start using it in their daily lives, thinking about how it can help you, how it can make you more efficient, and how it can help you share some of the work you have on hand. Everyone's life needs more joy, and some of the things we are doing don't bring joy; perhaps artificial intelligence can help us share those tasks." (CCTV Finance)

[Cook Urges Embracing AI, Not Fearing It]On March 21st, Apple CEO Tim Cook appeared at an art space in Beijing's Chaoyang district to observe and learn about the latest applications of digital technologies, such as artificial intelligence, in the preservation and inheritance of traditional culture, including mural restoration. Cook stated, "This is a very exciting time, with everything changing rapidly, and in China, the changes are particularly fast. I believe artificial intelligence is one of the most profound things in our lifetime. In our view, artificial intelligence is an amplifier of human capability, not a replacement for humans." He added, "I think people should let go of their fear and start using it in their daily lives, thinking about how it can help you, how it can make you more efficient, and how it can help you share some of the work you have on hand. Everyone's life needs more joy, and some of the things we are doing don't bring joy; perhaps artificial intelligence can help us share those tasks." (CCTV Finance)

Cook Urges Embracing AI, Not Fearing It

On March 21, according to The Times of Israel, Katz stated during an assessment meeting with military officials that in the coming week, Israel and the United States will "significantly increase" strikes against Iranian infrastructure. Katz said that Israel is "determined to continue leading" military operations against Iran, targeting its command system and thwarting its strategic capabilities until all threats to Israel's national security and U.S. interests in the region are eliminated. Katz also stated that Israel "will not stop its operations" until all war objectives are achieved.

[Israel to Significantly Increase Strikes Against Iran, Defense Minister Says]On March 21, according to The Times of Israel, Katz stated during an assessment meeting with military officials that in the coming week, Israel and the United States will "significantly increase" strikes against Iranian infrastructure. Katz said that Israel is "determined to continue leading" military operations against Iran, targeting its command system and thwarting its strategic capabilities until all threats to Israel's national security and U.S. interests in the region are eliminated. Katz also stated that Israel "will not stop its operations" until all war objectives are achieved.

Israel to Significantly Increase Strikes Against Iran, Defense Minister Says

On March 21st, according to official announcements, GMX has announced it is actively recruiting for the position of Chief Executive Officer (CEO). The responsibilities of this role include developing strategy, refining organizational structure, strengthening partnerships, and leading GMX into its next phase of expansion. GMX is seeking an experienced leader who possesses a deep understanding of decentralized infrastructure and a clear vision for achieving scalable growth. Applications are now open, and qualified candidates from all backgrounds are encouraged to apply. The deadline for submissions is April 3rd, 2026.

[GMX Opens CEO Search, Accepting Applications]On March 21st, according to official announcements, GMX has announced it is actively recruiting for the position of Chief Executive Officer (CEO). The responsibilities of this role include developing strategy, refining organizational structure, strengthening partnerships, and leading GMX into its next phase of expansion. GMX is seeking an experienced leader who possesses a deep understanding of decentralized infrastructure and a clear vision for achieving scalable growth. Applications are now open, and qualified candidates from all backgrounds are encouraged to apply. The deadline for submissions is April 3rd, 2026.

GMX Opens CEO Search, Accepting Applications

On March 21, the Islamic Revolutionary Guard Corps of Iran announced that during the 71st wave of the 'Real Commitment 4' operation, Iran launched 'Imad' and 'Qader' missiles, as well as suicide drones, targeting multiple locations including Tel Aviv and Rishon Lezion in Israel. Additionally, the U.S. military bases in Kuwait's Ali Al Salem, Saudi Arabia's Prince Sultan Air Base, and Iraq's Victory Base have also been repeatedly attacked by offensive drones and heavy missiles during the ongoing attrition warfare. It is reported that Iran has employed entirely new offensive tactics and more modern systems.

[Iran Launches 71st Wave of Strikes]On March 21, the Islamic Revolutionary Guard Corps of Iran announced that during the 71st wave of the 'Real Commitment 4' operation, Iran launched 'Imad' and 'Qader' missiles, as well as suicide drones, targeting multiple locations including Tel Aviv and Rishon Lezion in Israel. Additionally, the U.S. military bases in Kuwait's Ali Al Salem, Saudi Arabia's Prince Sultan Air Base, and Iraq's Victory Base have also been repeatedly attacked by offensive drones and heavy missiles during the ongoing attrition warfare. It is reported that Iran has employed entirely new offensive tactics and more modern systems.

Iran Launches 71st Wave of Strikes

On March 21, according to CCTV, on March 20 local time, US officials stated that the US military is deploying an additional three warships and approximately 2,500 Marines to the Middle East. Previously, informed sources from the US indicated that the troop reinforcement would provide President Trump with more military options, including an operation to "open up" the Strait of Hormuz, which would require deploying air and naval forces to the Iranian coastline. Sources familiar with the matter revealed that the Trump administration is also considering deploying ground troops to Kharg Island, the "lifeline" of Iran's oil exports. This plan aims to seize the island as leverage to compel Iran to restore passage through the Strait of Hormuz. Kharg Island, located in the northwestern Persian Gulf, is more than 20 kilometers from the Iranian coast and is Iran's largest crude oil export base, with approximately 90% of Iran's oil exported from here.

[US Reinforces Middle East Presence, Eyes Hormuz Strait Control or Island Seizure]On March 21, according to CCTV, on March 20 local time, US officials stated that the US military is deploying an additional three warships and approximately 2,500 Marines to the Middle East. Previously, informed sources from the US indicated that the troop reinforcement would provide President Trump with more military options, including an operation to "open up" the Strait of Hormuz, which would require deploying air and naval forces to the Iranian coastline. Sources familiar with the matter revealed that the Trump administration is also considering deploying ground troops to Kharg Island, the "lifeline" of Iran's oil exports. This plan aims to seize the island as leverage to compel Iran to restore passage through the Strait of Hormuz. Kharg Island, located in the northwestern Persian Gulf, is more than 20 kilometers from the Iranian coast and is Iran's largest crude oil export base, with approximately 90% of Iran's oil exported from here.

US Reinforces Middle East Presence, Eyes Hormuz Strait Control or Island Seizure

On March 21, CNN reported that a California jury largely sided with claims by Twitter (now X) shareholders on Friday, who accused billionaire Elon Musk of making false statements and intentionally driving down the company's stock price before his $44 billion acquisition of the social media company in 2022. However, the jury did not find Musk to be part of an "overall scheme to defraud investors." This verdict concludes a civil class-action lawsuit filed by a group of Twitter shareholders in October 2022, weeks before Musk officially took over the company. Musk was compelled to testify in his defense during the weeks-long trial. Musk initially agreed to acquire Twitter in April 2022 but attempted to withdraw from the deal in the following months, ultimately completing the acquisition. According to estimates from the plaintiffs' lawyers, the damages awarded by the jury are expected to be around $2.5 billion, with the exact amount depending on the final number of individuals who join the class-action lawsuit. Musk's lawyers stated that he plans to appeal the verdict. His legal firm, Quinn Emanuel Urquhart & Sullivan, noted that Musk has recently had successful appeals in other unrelated cases in Texas and Delaware.

[Jury Finds Musk Misled Twitter Shareholders, Depressed Stock Price Before Acquisition]On March 21, CNN reported that a California jury largely sided with claims by Twitter (now X) shareholders on Friday, who accused billionaire Elon Musk of making false statements and intentionally driving down the company's stock price before his $44 billion acquisition of the social media company in 2022. However, the jury did not find Musk to be part of an "overall scheme to defraud investors." This verdict concludes a civil class-action lawsuit filed by a group of Twitter shareholders in October 2022, weeks before Musk officially took over the company. Musk was compelled to testify in his defense during the weeks-long trial. Musk initially agreed to acquire Twitter in April 2022 but attempted to withdraw from the deal in the following months, ultimately completing the acquisition. According to estimates from the plaintiffs' lawyers, the damages awarded by the jury are expected to be around $2.5 billion, with the exact amount depending on the final number of individuals who join the class-action lawsuit. Musk's lawyers stated that he plans to appeal the verdict. His legal firm, Quinn Emanuel Urquhart & Sullivan, noted that Musk has recently had successful appeals in other unrelated cases in Texas and Delaware.

Jury Finds Musk Misled Twitter Shareholders, Depressed Stock Price Before Acquisition

From early morning to 9 AM local time on March 21st, Iran has launched four rounds of missile attacks towards Israel. In the past two days, the number of missiles launched by Iran towards Israel has significantly increased compared to the previous period. On March 20th, reports indicated that missiles or shrapnel landed in multiple areas of central Israel, causing damage to buildings. This is attributed to Iran shifting more of its forces towards Israel in recent days, and the larger warheads on recently launched Iranian missiles, which can cause greater destruction if they breach interceptions. The Israeli side stated that the recent focus of the IDF's airstrikes has been on central Iran and Iranian military facilities. (CCTV International News)

[Israeli Airstrikes Focus on Central Iran]From early morning to 9 AM local time on March 21st, Iran has launched four rounds of missile attacks towards Israel. In the past two days, the number of missiles launched by Iran towards Israel has significantly increased compared to the previous period. On March 20th, reports indicated that missiles or shrapnel landed in multiple areas of central Israel, causing damage to buildings. This is attributed to Iran shifting more of its forces towards Israel in recent days, and the larger warheads on recently launched Iranian missiles, which can cause greater destruction if they breach interceptions. The Israeli side stated that the recent focus of the IDF's airstrikes has been on central Iran and Iranian military facilities. (CCTV International News)

Israeli Airstrikes Focus on Central Iran

On March 21, according to CCTV News, a spokesperson for the Khatam al-Anbiya Central Headquarters of the Iranian Armed Forces stated on the 21st local time that Iran "is taking major action in the Strait of Hormuz." The spokesperson emphasized, "If Iran's infrastructure is attacked, Iran will attack more important and critical infrastructure of (the US and Israel)."

[Iran's Armed Forces Announce Major Operations in Strait of Hormuz]On March 21, according to CCTV News, a spokesperson for the Khatam al-Anbiya Central Headquarters of the Iranian Armed Forces stated on the 21st local time that Iran "is taking major action in the Strait of Hormuz." The spokesperson emphasized, "If Iran's infrastructure is attacked, Iran will attack more important and critical infrastructure of (the US and Israel)."

Iran's Armed Forces Announce Major Operations in Strait of Hormuz

The Hong Kong Monetary Authority today released a research report titled “An Assessment Of The Volatility Spillover From Crypto To Traditional Financial Assets: The Role Of Asset-backed Stablecoins.” The report said that with a perceived stable value offered by the backing of traditional financial assets, asset-backed stablecoins play a pivotal role in the crypto ecosystem. However, these stablecoins bear liquidity mismatch risks similar to money market funds, which may expose them to a fire-sale of reserve assets in times of crypto ecosystem instability and in turn increase the volatility of these reserve assets. In extreme circumstances, failures of stablecoins or other crypto assets could result in large-scale redemptions of asset-backed stablecoins and a fire-sale of their reserve assets, potentially posing material impacts on the traditional financial system.
The report said that as the crypto ecosystem continues to expand and is increasingly exposed to the financial sector, the linkages between crypto and traditional financial assets are likely to become stronger, potentially increasing the risk spillover discussed above. Importantly, the crypto ecosystem remains largely outside the oversight of regulators, with large data gaps impeding their assessments of the spillover risk. Given that the international regulatory community is considering putting in place appropriate regimes to regulate stablecoins, this study concludes with two suggestions that regulators may consider: 1. Requiring standardised and regular disclosures by the issuers of asset-backed stablecoins on their reserve assets holdings which could help regulators assess and compare their liquidity condition and potential liquidity mismatch risk. This could enable regulators to consider, in a more timely manner, taking appropriate measures to reduce the spillover risk in times of market disruption; 2. Strengthening the asset-backed stablecoins' liquidity management, possibly by imposing restrictions on the composition of reserve assets and requiring welldefined redemption rights, which may also help reduce the spillover risk.

Detail

【HKMA: Stablecoin volatility may spill over to traditional finance】The Hong Kong Monetary Authority today released a research report titled “An Assessment Of The Volatility Spillover From Crypto To Traditional Financial Assets: The Role Of Asset-backed Stablecoins.” The report said that with a perceived stable value offered by the backing of traditional financial assets, asset-backed stablecoins play a pivotal role in the crypto ecosystem. However, these stablecoins bear liquidity mismatch risks similar to money market funds, which may expose them to a fire-sale of reserve assets in times of crypto ecosystem instability and in turn increase the volatility of these reserve assets. In extreme circumstances, failures of stablecoins or other crypto assets could result in large-scale redemptions of asset-backed stablecoins and a fire-sale of their reserve assets, potentially posing material impacts on the traditional financial system.
The report said that as the crypto ecosystem continues to expand and is increasingly exposed to the financial sector, the linkages between crypto and traditional financial assets are likely to become stronger, potentially increasing the risk spillover discussed above. Importantly, the crypto ecosystem remains largely outside the oversight of regulators, with large data gaps impeding their assessments of the spillover risk. Given that the international regulatory community is considering putting in place appropriate regimes to regulate stablecoins, this study concludes with two suggestions that regulators may consider: 1. Requiring standardised and regular disclosures by the issuers of asset-backed stablecoins on their reserve assets holdings which could help regulators assess and compare their liquidity condition and potential liquidity mismatch risk. This could enable regulators to consider, in a more timely manner, taking appropriate measures to reduce the spillover risk in times of market disruption; 2. Strengthening the asset-backed stablecoins' liquidity management, possibly by imposing restrictions on the composition of reserve assets and requiring welldefined redemption rights, which may also help reduce the spillover risk.

HKMA: Stablecoin volatility may spill over to traditional finance

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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