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On March 30th, market declines triggered by the conflict in Iran are escalating into a full-blown crash on Wall Street. Efforts by various parties to mediate a ceasefire and restore Middle East oil supplies have ultimately led to further escalation of the situation, intensifying market panic. The Nasdaq 100 index plunged 1.9% on Friday alone, entering correction territory. The S&P 500 closed down for the fifth consecutive week, marking its longest losing streak since 2022. Bond prices have fallen, pushing the yield on benchmark 30-year U.S. Treasury bonds close to 5%. Bitcoin prices have also halved from their pre-conflict peak.

[Iran Conflict Triggers Wall Street Sell-off, Shattering Portfolios]On March 30th, market declines triggered by the conflict in Iran are escalating into a full-blown crash on Wall Street. Efforts by various parties to mediate a ceasefire and restore Middle East oil supplies have ultimately led to further escalation of the situation, intensifying market panic. The Nasdaq 100 index plunged 1.9% on Friday alone, entering correction territory. The S&P 500 closed down for the fifth consecutive week, marking its longest losing streak since 2022. Bond prices have fallen, pushing the yield on benchmark 30-year U.S. Treasury bonds close to 5%. Bitcoin prices have also halved from their pre-conflict peak.

Iran Conflict Triggers Wall Street Sell-off, Shattering Portfolios

On March 30, according to Iran's Islamic Republic Broadcasting on the 29th, the commander of the Aerospace Force of the Islamic Revolutionary Guard Corps, Majid Musavi, posted on social media stating that due to frequent attacks on radar networks and logistical systems in areas close to Iran's border, US forces have been forced to withdraw from the relevant regions. Musavi stated in his post that multiple US early warning and refueling aircraft were shot down, and several warehouses were destroyed, further intensifying the US's defensive pressure. In the future, more high-value targets will be added to the strike list. (Xinhua News Agency)

[Iranian General: US Forces Forced to Withdraw from Areas Near Iran's Border]On March 30, according to Iran's Islamic Republic Broadcasting on the 29th, the commander of the Aerospace Force of the Islamic Revolutionary Guard Corps, Majid Musavi, posted on social media stating that due to frequent attacks on radar networks and logistical systems in areas close to Iran's border, US forces have been forced to withdraw from the relevant regions. Musavi stated in his post that multiple US early warning and refueling aircraft were shot down, and several warehouses were destroyed, further intensifying the US's defensive pressure. In the future, more high-value targets will be added to the strike list. (Xinhua News Agency)

Iranian General: US Forces Forced to Withdraw from Areas Near Iran's Border

Market data shows that ETH has broken through the $2,000 mark, currently trading at $2,000.55. It has seen a 24-hour decline of 1.38%. The market is experiencing significant volatility, so please ensure proper risk management.

[ETH Surpasses $2,000]Market data shows that ETH has broken through the $2,000 mark, currently trading at $2,000.55. It has seen a 24-hour decline of 1.38%. The market is experiencing significant volatility, so please ensure proper risk management.

ETH Surpasses $2,000

HTX data showed that ETH broke through 2000  USDT and is now at 2000.48 USDT, with a decrease of 1.35% in 24H.

[ETH broke through 2000  USDT] HTX data showed that ETH broke through 2000  USDT and is now at 2000.48 USDT, with a decrease of 1.35% in 24H.

ETH broke through 2000  USDT

On March 30th, the latest version of the crypto bill, the 'CLARITY Act,' garnered significant attention primarily due to its regulatory provisions targeting stablecoins. A report released by 10x Research suggests that in terms of practical implementation, the bill could have the most severe impact on DeFi and its associated tokens.

The core content of the bill's proposal is to prohibit offering wealth management yields, rewards, and all similar forms of returns on stablecoin balances. This effectively ends the attribute of stablecoins as on-chain savings products, redefining them as purely payment and circulation tools.

Markus Thielen, founder of 10x Research, pointed out, "This means that yield-bearing rights will clearly move back towards centralization." The reason is that the bill will consolidate yield-generating businesses within banks, money market funds, and various compliant licensed institutions, significantly compressing the competitive space for native crypto platforms in terms of yield returns.

Although early views suggested that DeFi might benefit from this, this shift in industry landscape will also impact DeFi.

Thielen explained that the previous market logic was: if centralized platforms no longer offer wealth management yields, user funds would shift to the on-chain DeFi ecosystem.

However, this inference was based on the premise that DeFi would not be subject to the same regulatory constraints. The reality is that the regulatory framework of the 'CLARITY Act' is likely to extend to cover front-end interfaces and various token models; especially when projects generate fee income and governance rights approach the attributes of traditional equity, regulators will intervene comprehensively.

[Analysts: 'CLARITY Act' May Pose Bearish Pressure on Yield-Bearing DeFi Tokens]On March 30th, the latest version of the crypto bill, the 'CLARITY Act,' garnered significant attention primarily due to its regulatory provisions targeting stablecoins. A report released by 10x Research suggests that in terms of practical implementation, the bill could have the most severe impact on DeFi and its associated tokens.

The core content of the bill's proposal is to prohibit offering wealth management yields, rewards, and all similar forms of returns on stablecoin balances. This effectively ends the attribute of stablecoins as on-chain savings products, redefining them as purely payment and circulation tools.

Markus Thielen, founder of 10x Research, pointed out, "This means that yield-bearing rights will clearly move back towards centralization." The reason is that the bill will consolidate yield-generating businesses within banks, money market funds, and various compliant licensed institutions, significantly compressing the competitive space for native crypto platforms in terms of yield returns.

Although early views suggested that DeFi might benefit from this, this shift in industry landscape will also impact DeFi.

Thielen explained that the previous market logic was: if centralized platforms no longer offer wealth management yields, user funds would shift to the on-chain DeFi ecosystem.

However, this inference was based on the premise that DeFi would not be subject to the same regulatory constraints. The reality is that the regulatory framework of the 'CLARITY Act' is likely to extend to cover front-end interfaces and various token models; especially when projects generate fee income and governance rights approach the attributes of traditional equity, regulators will intervene comprehensively.

Analysts: 'CLARITY Act' May Pose Bearish Pressure on Yield-Bearing DeFi Tokens

cfg Hits New High of 0.163 USDT, Up 4.96% in 24H

【cfg soared to 0.1688 USDT, a new high with a 24-hour increase of 4.96%. It currently trades at 0.163 USDT on HTX.】cfg Hits New High of 0.163 USDT, Up 4.96% in 24H

cfg soared to 0.1688 USDT, a new high with a 24-hour increase of 4.96%. It currently trades at 0.163 USDT on HTX.

On March 29th, "describing the recent shift in market expectations for central bank monetary policy as a '180-degree turn' seems insufficient." Just a few weeks ago, the market was anticipating multiple interest rate cuts by the Federal Reserve in 2026. Now, it has clearly begun to price in the possibility of a rate hike this year. 

Latest data from the CME FedWatch Tool shows that the probability of the federal funds rate being higher than the current range of 3.50%-3.75% by the end of this year is approaching 30%, while the probability of a rate decrease has fallen to 2.9%.

This shift in expectations is primarily driven by inflation concerns stemming from the energy market. Since the escalation of tensions in the Middle East in late February, Brent crude oil prices have risen from around $70 per barrel to approximately $111 per barrel currently. Concurrently, long-term U.S. Treasury yields have also surged significantly, with the 10-year Treasury yield climbing from below 4% a few weeks ago to around 4.40%.

The newsletter "Crypto is Macro Now" pointed out: "Food and energy prices will unfortunately continue to rise and remain at high levels for some time, at least until the issues with Middle East shipping disruptions are resolved. Even if a peace agreement were reached tomorrow (which is unlikely), it would still take months to see any relief."

[Market Reprices Rate Hike Expectations Amid Inflation and Geopolitical Concerns Reshaping Fed's Path]On March 29th, "describing the recent shift in market expectations for central bank monetary policy as a '180-degree turn' seems insufficient." Just a few weeks ago, the market was anticipating multiple interest rate cuts by the Federal Reserve in 2026. Now, it has clearly begun to price in the possibility of a rate hike this year. 

Latest data from the CME FedWatch Tool shows that the probability of the federal funds rate being higher than the current range of 3.50%-3.75% by the end of this year is approaching 30%, while the probability of a rate decrease has fallen to 2.9%.

This shift in expectations is primarily driven by inflation concerns stemming from the energy market. Since the escalation of tensions in the Middle East in late February, Brent crude oil prices have risen from around $70 per barrel to approximately $111 per barrel currently. Concurrently, long-term U.S. Treasury yields have also surged significantly, with the 10-year Treasury yield climbing from below 4% a few weeks ago to around 4.40%.

The newsletter "Crypto is Macro Now" pointed out: "Food and energy prices will unfortunately continue to rise and remain at high levels for some time, at least until the issues with Middle East shipping disruptions are resolved. Even if a peace agreement were reached tomorrow (which is unlikely), it would still take months to see any relief."

Market Reprices Rate Hike Expectations Amid Inflation and Geopolitical Concerns Reshaping Fed's Path

btw Hits New High of 0.025769 USDT, Up 4.83% in 24H

【btw soared to 0.026489 USDT, a new high with a 24-hour increase of 4.83%. It currently trades at 0.025769 USDT on HTX.】btw Hits New High of 0.025769 USDT, Up 4.83% in 24H

btw soared to 0.026489 USDT, a new high with a 24-hour increase of 4.83%. It currently trades at 0.025769 USDT on HTX.

Eric Balchunas, a senior ETF analyst at Bloomberg, posted on X stating that Bitcoin currently feels like when your parents started using Facebook. On one hand, with the "Boomers" entering, it's no longer as "cool." On the other hand, as this "coolness" faded, Facebook's user base grew from approximately 1 billion to 3 billion, making the implication quite clear...

[Bloomberg Analyst: Bitcoin Echoes Facebook's 'Coolness' Decline, Poised for User Growth]Eric Balchunas, a senior ETF analyst at Bloomberg, posted on X stating that Bitcoin currently feels like when your parents started using Facebook. On one hand, with the "Boomers" entering, it's no longer as "cool." On the other hand, as this "coolness" faded, Facebook's user base grew from approximately 1 billion to 3 billion, making the implication quite clear...

Bloomberg Analyst: Bitcoin Echoes Facebook's 'Coolness' Decline, Poised for User Growth

CryptoQuant analyst Mignolet said that about 170,000 BTC is currently being transferred from the group holding for 3-6 months.

[Analysis: About 170,000 Bitcoins are being transferred]CryptoQuant analyst Mignolet said that about 170,000 BTC is currently being transferred from the group holding for 3-6 months.

Analysis: About 170,000 Bitcoins are being transferred

Article

US Central Command Reports on 'Epic Fury' Operation: Over 11,000 Targets Struck

Iran Agrees to Allow 20 Pakistani Vessels to Pass Through the Strait of Hormuz

IDF Completes New Round of Large-Scale Airstrikes on Iranian Capital

Analysts: U.S. Job Market May Gradually Improve After February's Slump

BlackRock's BUIDL Short-Term Currency Fund on Ethereum Chain Sees 36.1% Market Value Increase in Past Month

Analysis: About 170,000 Bitcoins are being transferred

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

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