Gate News report: On March 23, Allium Labs data showed that since July 2025, the stablecoin balance on South Korea's top five crypto exchanges has declined from approximately $575 million to approximately $188 million, a decrease of about 55%. As the Korean won-to-US dollar exchange rate fell below the 1,500 mark in mid-March, the pace of capital outflows accelerated further.

Gate News report: On March 23rd, Grayscale has submitted an S-1 application to the US SEC, planning to launch the Grayscale HYPE ETF (ticker: GHYP). The fund aims to track the spot price of the Hyperliquid (HYPE) token and is proposed to be listed on Nasdaq, with custody services provided by a certain CEX. The filing shows that the fund currently does not offer HYPE staking functionality, but has reserved the possibility for staking in the future upon meeting specific conditions.

Between 2026-03-22 22:15 and 22:30 (UTC), BTC experienced significant short-term volatility within a narrow range. The 15-minute K-line recorded a gain of +0.49%, closing at 68371.1 USDT, with a low touch of 67861.4 USDT, representing an overall volatility amplitude of 0.75%. Short-term market activity was elevated with increased market attention, and trading volume showed a notable sequential increase. Active capital flows drove this round of price movement. The primary drivers of this volatility were sustained net inflows from US spot ETFs and BTC net outflows at the exchange level. Specifically, based on on-chain data findings:

Gate Newsの報告によると、3月21日、Farsideの監視データによれば、今週の米国ビットコイン現物ETFの純流入額は9,310万ドルに達しました。

A cryptocurrency exchange's asset management division is launching tokenized shares of a Bitcoin yield fund in collaboration with Apex Group, targeting non-US investors and utilizing the ERC-3643 standard to enable automated compliance. Institutions are accelerating the on-chain migration of assets to improve efficiency and reduce costs.

Gate News Report: On March 21st, according to Farside monitoring, on yesterday (March 20th), US spot Ethereum ETFs experienced a net outflow of $42 million, marking the third consecutive trading day of net outflows.

Gate News update: On March 20, market data shows that the US Dollar Index (DXY) intraday gains expanded to 0.50%, currently trading at 99.69.

Gate News Report: On March 20, spot gold declined to touch $4,630 per ounce, down 0.44% intraday; spot silver fell 3.00% intraday, currently trading at $70.56 per ounce. The US 10-year Treasury yield (a key indicator measuring the long-term borrowing costs of the US government) rose to 4.33%, the highest level since August of last year.

Gate News reports that on March 20, the US dollar surged significantly in global markets, with prices approaching the 99.50 level. This rise was driven by two main factors: firstly, the Federal Reserve maintaining a hawkish stance (referring to a tendency toward rate hikes or sustaining high interest rates to control inflation), and secondly, continued geopolitical tensions in the Middle East region.

Gate News reports that on March 20, NZD/USD (New Zealand Dollar to US Dollar exchange rate) broke through 0.5850, rising to approximately 0.5880. This rally was primarily driven by New Zealand's trade deficit data coming in better than expected.