According to Gate data, the gold rebound was short-lived, with a V-shaped intraday decline, falling more than 5% from its daily high and breaking below the important support level of $4,500. This week saw a plunge of over 10%, reaching a seven-week low and marking the largest weekly drop since March 1983. As of Friday's (March 20) New York close, spot gold fell 3.42% to $4,491.67 per ounce, a cumulative decline of over 10% for the week; COMEX gold futures fell 2.47% to $4,492 per ounce, a cumulative decline of over 11% for the week. Spot silver fell 6.8% to $67.897 per ounce, a cumulative decline of over 15% for the week; COMEX silver futures fell 4.78% to $67.810 per ounce, a cumulative decline of over 16% for the week.

Iranian Foreign Minister Abbas Araghchi announced that Iran is prepared to allow Japanese-related vessels to navigate the Strait of Hormuz. Bloomberg posted on X that this decision follows consultations between officials from both nations. The move is seen as a significant development in the diplomatic relations between Iran and Japan, potentially easing tensions in the strategically important waterway. The Strait of Hormuz is a critical passage for global oil shipments, and the assurance of safe passage for Japanese vessels could have implications for international trade and energy markets.

The BONKfun team announced on the X platform that its official website was attacked by malicious social engineering on March 11. The attackers hijacked the BONKfun domain through the domain service provider and transferred it to an external registrar. The team confirmed that this incident was not caused by a breach of BONK's or BONKfun's internal systems, codebase, or team accounts. Following the incident, the team immediately took measures: shutting down the website, coordinating with wallet service providers to mark the domain as malicious, and controlling the impact on users. This attack resulted in approximately $30,000 in losses for customers, and the team will compensate affected users at 110% to cover potential opportunity costs. The BONKfun domain and registration were fully restored by approximately 5 PM Eastern Time on March 18, and the main wallet provider's functions were restored on the evening of March 19. The website is now securely online. Currently, some antivirus software still marks the main domain as risky; the team is actively addressing this. For users unable to access the official website due to antivirus software issues, an alternative domain has also been launched and is functionally identical to the main site.

New Zealand's credit rating outlook has been downgraded to negative by Fitch Ratings due to concerns over government debt. Bloomberg posted on X, highlighting the agency's apprehensions about the country's fiscal trajectory. The decision reflects Fitch's assessment of New Zealand's increasing debt levels and the potential impact on its economic stability. This move comes amid broader global economic uncertainties and challenges faced by various nations in managing public finances. Fitch's revision underscores the need for New Zealand to address its fiscal policies to maintain economic resilience.

Chan Chi-wah, president of the Hong Kong Securities and Futures Professionals Association, commented on the controversy surrounding the "pre-registration of designated bank accounts" for brokerage clients. He stated that while the regulatory circular proposed establishing a bank account registration mechanism with caps, this practice may stem from the inappropriate application of virtual asset regulatory approaches (such as pre-approval of wallet addresses) to the traditional securities industry. Chan pointed out that while pre-approval is technically justifiable for virtual assets due to the difficulty in instantly verifying ownership of blockchain addresses, traditional securities fund flows can already be confirmed through mechanisms such as "same-name account verification," eliminating the need for a blanket restriction on the number of accounts. In contrast to the EU's anti-money laundering framework, the regulatory focus should be on penetrating beneficial ownership and identifying abnormal transactions, rather than pre-restricting accounts. He also suggested that regulators adhere to a "risk-based" principle, focusing on abnormal fund flows (such as "layered transactions"), clarifying compliance standards for same-name accounts, and promoting the application of big data and AI in anti-money laundering monitoring. (Orange News)

OpenAI's CEO, Sam Altman, has successfully had a lawsuit dismissed that was filed by his sister, alleging sexual abuse over nearly ten years. Bloomberg posted on X that the court ruled in favor of Altman, leading to the dismissal of the case. The lawsuit had accused Altman of long-term abuse, but the court found insufficient grounds to proceed with the claims. This legal victory marks a significant development for Altman, who has been a prominent figure in the tech industry.

According to Onchain Lens, the World Coin team appears to have been conducting OTC transactions. They received 35 million USDC from FalconX and Binance, and then transferred 117 million WLD tokens to an OTC trading address. These tokens may also have been used by market makers.

A restaurant in Hong Kong, Fumi Joe, is renowned for its breathtaking views of the city's skyline. Bloomberg posted on X, highlighting that while the visual experience is exceptional, the dining experience does not meet the same high standards. The establishment has gained attention for its location and ambiance, yet the culinary offerings have not received the same level of acclaim. Patrons have noted that the food does not live up to the expectations set by the impressive surroundings, suggesting a disparity between the visual and gastronomic experiences.

Evernode CEO Ashish Birla has highlighted that XRP's price is not experiencing significant gains despite increased on-chain activity. According to NS3.AI, Birla attributes this stagnation to the predominance of retail traffic in XRP's usage. He suggests that a sustainable price increase would necessitate the involvement of banks, corporations, and institutional investors utilizing XRP for working capital and as a liquidity bridge.

On March 21, local time, Iran's Islamic Revolutionary Guards Corps (IRGC) announced the launch of the 70th wave of the 'Real Commitment 4' operation. According to Jin10, the IRGC stated that they conducted coordinated attacks on five U.S. military bases using Qiam and Emad missiles, along with attack drones. The targeted bases included Prince Sultan Air Base, Al Dhafra Air Base, Ali Al Salem Air Base, Erbil Air Base, and the U.S. Navy's Fifth Fleet base. The IRGC's statement also mentioned the use of Khaibar Shekan and Qadr missiles to strike key targets, including areas in Haifa and Tel Aviv, Israel. The statement reiterated Iran's commitment to an offensive strategy and emphasized its readiness to intensify actions against any sources of aggression threatening Iran's territorial integrity and national sovereignty. The IRGC affirmed that Iran is fully prepared to confront the current phase of conflict.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

In the crypto industry, listing a coin used to mean the birth of another wealth-creation myth, but now it may just be the prelude to a long process of clearing out the old.

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Beyond blockchain, Ethereum needs to find a new and larger identity and scope for imagination.

As the global crypto landscape enters a new phase of regulatory restructuring, a crucial battle for control of the crypto "border" has quietly begun in Southeast Asia.

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U.S. authorities have arrested Yih-Shyan Liaw, co-founder of Super Micro Computer, Inc., in connection with an alleged multibillion-dollar scheme to circumvent export controls and funnel advanced artificial intelligence servers to China

Under the current high-pressure regulatory environment and severe judicial crackdown, USDT is no longer just a "digital token," but a core risk point in cross-border capital and foreign exchange regulation.

A court has allowed Nevada to block Kalshi’s sports-event contracts, potentially stopping its operations in the state for at least 14 days. Kalshi’s request to delay this action was denied by the Ninth Circuit Appeals Court.