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On March 29th, news of the US military preparing for ground operations in Iran sent shockwaves globally. Unlike the full-scale invasion of the 2003 Iraq War, the Pentagon is now deploying a "scalpel decapitation" tactic – no territorial occupation, no prolonged warfare, directly targeting Iran's oil lifeline, Kharg Island, in an attempt to replicate the glory of the 1991 Gulf War with a "victory in weeks." The Washington Post reported on the 28th that the Pentagon is preparing for a limited ground operation lasting several weeks, rather than a full occupation-style invasion. Thousands of Marines and paratroopers from the 82nd Airborne Division have already deployed to the Middle East. Among them, approximately 3,500 personnel from the 31st Marine Expeditionary Unit are aboard the amphibious assault ship USS Tripoli, heading directly to the core waters of the Persian Gulf. The Wall Street Journal disclosed on the 26th that the US military is considering deploying up to an additional 10,000 ground combat troops, including infantry and armored forces. This total troop size would be only one percent of that deployed in the Iraq War, completely abandoning the operational model of a million-strong army pressing in. The Pentagon's strategic intent is very clear: abandon costly and uncontrollable full occupation, and instead focus on an "economic strangulation war." Its core tactical objective directly targets Iran's southwestern oil-producing regions and the strategic chokepoint of the Strait of Hormuz, and further locks onto Kharg Island, the core hub of Iran's crude oil exports. This island bears over 90% of Iran's crude oil export tasks, making it the lifeline of Iran's economy. Multiple international media outlets and think tanks have repeatedly warned: clinging to the "42-day victory over Iran" myth may lead the United States into a new strategic quagmire. (Guo Shi Zhi Tong Che)

[US Military's "Weeks-Long" Iran Ground Operation Plan Revealed, Aims to Replicate "42-Day Victory" Myth]On March 29th, news of the US military preparing for ground operations in Iran sent shockwaves globally. Unlike the full-scale invasion of the 2003 Iraq War, the Pentagon is now deploying a "scalpel decapitation" tactic – no territorial occupation, no prolonged warfare, directly targeting Iran's oil lifeline, Kharg Island, in an attempt to replicate the glory of the 1991 Gulf War with a "victory in weeks." The Washington Post reported on the 28th that the Pentagon is preparing for a limited ground operation lasting several weeks, rather than a full occupation-style invasion. Thousands of Marines and paratroopers from the 82nd Airborne Division have already deployed to the Middle East. Among them, approximately 3,500 personnel from the 31st Marine Expeditionary Unit are aboard the amphibious assault ship USS Tripoli, heading directly to the core waters of the Persian Gulf. The Wall Street Journal disclosed on the 26th that the US military is considering deploying up to an additional 10,000 ground combat troops, including infantry and armored forces. This total troop size would be only one percent of that deployed in the Iraq War, completely abandoning the operational model of a million-strong army pressing in. The Pentagon's strategic intent is very clear: abandon costly and uncontrollable full occupation, and instead focus on an "economic strangulation war." Its core tactical objective directly targets Iran's southwestern oil-producing regions and the strategic chokepoint of the Strait of Hormuz, and further locks onto Kharg Island, the core hub of Iran's crude oil exports. This island bears over 90% of Iran's crude oil export tasks, making it the lifeline of Iran's economy. Multiple international media outlets and think tanks have repeatedly warned: clinging to the "42-day victory over Iran" myth may lead the United States into a new strategic quagmire. (Guo Shi Zhi Tong Che)

US Military's "Weeks-Long" Iran Ground Operation Plan Revealed, Aims to Replicate "42-Day Victory" Myth

On March 29th, the Israel Defense Forces (IDF) issued a statement today, announcing that the Israeli Air Force conducted a large-scale airstrike on infrastructure in Tehran's core area on the 28th. During this operation, the IDF further weakened Iran's weapons production infrastructure, targeting dozens of weapons storage and production sites. As Iran has begun transferring its command centers to mobile units, the IDF destroyed several temporary Iranian command centers in this strike, including commanders operating within these headquarters. The IDF stated that this operation further weakened Iran's core system and combat capabilities. (Jins ten)

[IDF Claims Strikes on Iranian Temporary Command Centers]On March 29th, the Israel Defense Forces (IDF) issued a statement today, announcing that the Israeli Air Force conducted a large-scale airstrike on infrastructure in Tehran's core area on the 28th. During this operation, the IDF further weakened Iran's weapons production infrastructure, targeting dozens of weapons storage and production sites. As Iran has begun transferring its command centers to mobile units, the IDF destroyed several temporary Iranian command centers in this strike, including commanders operating within these headquarters. The IDF stated that this operation further weakened Iran's core system and combat capabilities. (Jins ten)

IDF Claims Strikes on Iranian Temporary Command Centers

On March 29th, EY, one of the "Big Four" accounting firms, officially announced the launch of the EY Blockchain Privacy Sandbox. This initiative aims to assist enterprises and developers in creating privacy-preserving smart contracts on Ethereum EVM chains. The sandbox is primarily intended for experimentation and validation, helping businesses assess the feasibility of privacy smart contracts, test functionalities, and verify application scenarios, while simultaneously lowering the technical barrier for privacy experiments on public blockchains.

[EY Launches EY Blockchain Privacy Sandbox for EVM Chain Privacy Smart Contract Development]On March 29th, EY, one of the "Big Four" accounting firms, officially announced the launch of the EY Blockchain Privacy Sandbox. This initiative aims to assist enterprises and developers in creating privacy-preserving smart contracts on Ethereum EVM chains. The sandbox is primarily intended for experimentation and validation, helping businesses assess the feasibility of privacy smart contracts, test functionalities, and verify application scenarios, while simultaneously lowering the technical barrier for privacy experiments on public blockchains.

EY Launches EY Blockchain Privacy Sandbox for EVM Chain Privacy Smart Contract Development

On March 29th, news of the US military preparing for ground operations in Iran sent shockwaves globally. Unlike the full-scale invasion of the 2003 Iraq War, the Pentagon is now employing a "scalpel decapitation" tactic – no territorial occupation, no protracted war, directly targeting Iran's oil lifeline, Kharg Island, in an attempt to replicate the glory of the 1991 Gulf War with a "weeks-long swift victory." Comprehensive foreign media reports indicate that the Pentagon is preparing for a limited ground operation lasting several weeks, rather than a full occupation. Thousands of Marines and paratroopers from the 82nd Airborne Division have already deployed to the Middle East. Among them, approximately 3,500 personnel from the 31st Marine Expeditionary Unit are aboard the amphibious assault ship USS Tripoli, heading directly to the core waters of the Persian Gulf. The US military stated on the 26th that it is considering deploying up to an additional 10,000 ground combat troops, including infantry and armored forces. The total troop size would be only one percent of that in the Iraq War, completely abandoning the operational model of a million-strong army advancing. The Pentagon's strategic intent is clear: abandon costly and uncontrollably risky full occupation, and instead focus on an "economic strangulation war." Its core tactical objective directly targets the oil-producing regions in southwestern Iran and the strategic chokepoint of the Strait of Hormuz, and specifically locks onto Kharg Island, the core hub for Iran's crude oil exports. This island handles over 90% of Iran's crude oil export tasks, making it the lifeline of Iran's economy. According to PolyBeats monitoring, on the prediction market Polymarket, the probability of US troops entering Iran before the end of this month is 5%, and the probability before the end of April is 64%.

[US Military's "Weeks-Long" Iran Ground Operation Plan Revealed, Aiming to Replicate "42-Day Iraq Victory"]On March 29th, news of the US military preparing for ground operations in Iran sent shockwaves globally. Unlike the full-scale invasion of the 2003 Iraq War, the Pentagon is now employing a "scalpel decapitation" tactic – no territorial occupation, no protracted war, directly targeting Iran's oil lifeline, Kharg Island, in an attempt to replicate the glory of the 1991 Gulf War with a "weeks-long swift victory." Comprehensive foreign media reports indicate that the Pentagon is preparing for a limited ground operation lasting several weeks, rather than a full occupation. Thousands of Marines and paratroopers from the 82nd Airborne Division have already deployed to the Middle East. Among them, approximately 3,500 personnel from the 31st Marine Expeditionary Unit are aboard the amphibious assault ship USS Tripoli, heading directly to the core waters of the Persian Gulf. The US military stated on the 26th that it is considering deploying up to an additional 10,000 ground combat troops, including infantry and armored forces. The total troop size would be only one percent of that in the Iraq War, completely abandoning the operational model of a million-strong army advancing. The Pentagon's strategic intent is clear: abandon costly and uncontrollably risky full occupation, and instead focus on an "economic strangulation war." Its core tactical objective directly targets the oil-producing regions in southwestern Iran and the strategic chokepoint of the Strait of Hormuz, and specifically locks onto Kharg Island, the core hub for Iran's crude oil exports. This island handles over 90% of Iran's crude oil export tasks, making it the lifeline of Iran's economy. According to PolyBeats monitoring, on the prediction market Polymarket, the probability of US troops entering Iran before the end of this month is 5%, and the probability before the end of April is 64%.

US Military's "Weeks-Long" Iran Ground Operation Plan Revealed, Aiming to Replicate "42-Day Iraq Victory"

On March 29, according to the Islamic Republic News Agency of Iran, the United States and Israel attacked an Iranian port near the Strait of Hormuz on the 29th, resulting in 5 deaths and 4 injuries. (Xinhua News Agency) (Jins ten data APP)

[US, Israel Attack Iranian Port Near Strait of Hormuz, Killing 5]On March 29, according to the Islamic Republic News Agency of Iran, the United States and Israel attacked an Iranian port near the Strait of Hormuz on the 29th, resulting in 5 deaths and 4 injuries. (Xinhua News Agency) (Jins ten data APP)

US, Israel Attack Iranian Port Near Strait of Hormuz, Killing 5

On March 29th, The Kobeissi Letter released a market analysis indicating that US technology stocks have entered a relatively undervalued territory. The S&P 500 Information Technology Index's forward Price-to-Earnings (P/E) ratio is currently only 4% higher than that of the S&P 500, the lowest level since January 2019. This premium has fallen by 32 percentage points since October 2025, representing one of the largest discounts on record.

In simple terms, US tech stocks are currently at their cheapest level relative to the broader market in seven years. For comparison, during the peak overvaluation of tech stocks in June 2024, the tech sector was approximately 47% more expensive than the S&P 500. Tech stocks are now trending towards being less valued than the S&P 500 for the first time since 2017. Kobeissi Letter suggests it might be time to buy tech stocks.

Note: Based on current market data, the forward P/E ratio of the S&P 500 Information Technology Index is still around the low 20s, while the forward P/E ratio for the overall S&P 500 is around 20 to 21, placing it in a relatively low valuation range in recent years. Historically, when the relative valuation of tech stocks has significantly declined, subsequent performance divergence has often occurred. However, whether it is 'worth buying' still requires comprehensive judgment based on factors such as the macroeconomic environment, corporate earnings growth, and interest rate trends.

[Analysis: US Tech Stocks at 7-Year Low Valuation Relative to Broader Market]On March 29th, The Kobeissi Letter released a market analysis indicating that US technology stocks have entered a relatively undervalued territory. The S&P 500 Information Technology Index's forward Price-to-Earnings (P/E) ratio is currently only 4% higher than that of the S&P 500, the lowest level since January 2019. This premium has fallen by 32 percentage points since October 2025, representing one of the largest discounts on record.

In simple terms, US tech stocks are currently at their cheapest level relative to the broader market in seven years. For comparison, during the peak overvaluation of tech stocks in June 2024, the tech sector was approximately 47% more expensive than the S&P 500. Tech stocks are now trending towards being less valued than the S&P 500 for the first time since 2017. Kobeissi Letter suggests it might be time to buy tech stocks.

Note: Based on current market data, the forward P/E ratio of the S&P 500 Information Technology Index is still around the low 20s, while the forward P/E ratio for the overall S&P 500 is around 20 to 21, placing it in a relatively low valuation range in recent years. Historically, when the relative valuation of tech stocks has significantly declined, subsequent performance divergence has often occurred. However, whether it is 'worth buying' still requires comprehensive judgment based on factors such as the macroeconomic environment, corporate earnings growth, and interest rate trends.

Analysis: US Tech Stocks at 7-Year Low Valuation Relative to Broader Market

On March 29th, according to Alternative data, the cryptocurrency Fear and Greed Index has once again fallen below 10, currently standing at 9. Yesterday it was 12, and the monthly average was 13, indicating that the market continues to remain in a state of 'extreme fear'. Note: The Fear and Greed Index ranges from 0-100 and includes the following indicators: Volatility (25%), Market Volume (25%), Social Media Sentiment (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends analysis (10%).

[Crypto Fear and Greed Index Drops to 9, Market Remains in 'Extreme Fear']On March 29th, according to Alternative data, the cryptocurrency Fear and Greed Index has once again fallen below 10, currently standing at 9. Yesterday it was 12, and the monthly average was 13, indicating that the market continues to remain in a state of 'extreme fear'. Note: The Fear and Greed Index ranges from 0-100 and includes the following indicators: Volatility (25%), Market Volume (25%), Social Media Sentiment (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends analysis (10%).

Crypto Fear and Greed Index Drops to 9, Market Remains in 'Extreme Fear'

On March 29, according to the Islamic Republic News Agency of Iran, the United States and Israel attacked an Iranian port near the Strait of Hormuz on the 29th, resulting in 5 deaths and 4 injuries. (Xinhua News Agency)

[US, Israel Strike Iranian Port Near Strait of Hormuz, 5 Dead]On March 29, according to the Islamic Republic News Agency of Iran, the United States and Israel attacked an Iranian port near the Strait of Hormuz on the 29th, resulting in 5 deaths and 4 injuries. (Xinhua News Agency)

US, Israel Strike Iranian Port Near Strait of Hormuz, 5 Dead

On March 29th, the Israel Defense Forces (IDF) announced today (March 29th) that the Israeli Air Force conducted a large-scale airstrike on infrastructure in the core area of Tehran on the 28th. During this operation, the IDF further degraded Iran's weapons production infrastructure, striking dozens of weapons storage and production sites. As Iran has begun transferring its command centers to mobile units, the IDF destroyed several temporary Iranian command centers in this strike, including commanders operating within these headquarters. The IDF stated that this strike further weakened Iran's core system and operational capabilities.

[IDF Claims Strike on Iranian Temporary Command Centers]On March 29th, the Israel Defense Forces (IDF) announced today (March 29th) that the Israeli Air Force conducted a large-scale airstrike on infrastructure in the core area of Tehran on the 28th. During this operation, the IDF further degraded Iran's weapons production infrastructure, striking dozens of weapons storage and production sites. As Iran has begun transferring its command centers to mobile units, the IDF destroyed several temporary Iranian command centers in this strike, including commanders operating within these headquarters. The IDF stated that this strike further weakened Iran's core system and operational capabilities.

IDF Claims Strike on Iranian Temporary Command Centers

According to The Block, a judge in the Southern District of New York has denied a motion to dismiss the wire fraud charges against former OpenSea employee Nathaniel Chastain. A grand jury indicted Chastain after the former OpenSea head of product allegedly purchased and sold non-fungible tokens (NFTs) he knew would be listed on the marketplace's homepage – a scheme the DOJ alleges was akin to turning a profit using insider information. Chastain filed a motion to dismiss in August, arguing NFTs constitute neither securities nor commodities and that wire fraud charges alleging front-running require trading in those categories. District Judge Jesse Furman formally disagreed in a memorandum and order today, denying the motion to dismiss the indictment and saying the argument "is wholly without merit."

Detail

【Judge denies former OpenSea employee's motion to dismiss fraud case】According to The Block, a judge in the Southern District of New York has denied a motion to dismiss the wire fraud charges against former OpenSea employee Nathaniel Chastain. A grand jury indicted Chastain after the former OpenSea head of product allegedly purchased and sold non-fungible tokens (NFTs) he knew would be listed on the marketplace's homepage – a scheme the DOJ alleges was akin to turning a profit using insider information. Chastain filed a motion to dismiss in August, arguing NFTs constitute neither securities nor commodities and that wire fraud charges alleging front-running require trading in those categories. District Judge Jesse Furman formally disagreed in a memorandum and order today, denying the motion to dismiss the indictment and saying the argument "is wholly without merit."

Judge denies former OpenSea employee's motion to dismiss fraud case

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Judge denies former OpenSea employee's motion to dismiss fraud case

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