Gate Crypto Flash News and Market Updates

The U.S. Securities and Exchange Commission withdraws its charges against Justin Sun, sparking congressional concerns about regulatory transparency and independence. Senators are asking for an explanation of the reasons behind this decision, questioning whether enforcement is influenced by external factors. The incident could change the U.S. crypto regulatory landscape and affect market confidence.

Gate News message, March 31, according to SolanaFloor monitoring, in the past 24 hours Circle minted approximately 750 million USDC on the Solana chain.

U.S. Senators Bill Cassidy and Cynthia Lummis introduced the “American Mining Act,” aiming to bring Bitcoin mining back to the United States, establish an “American Mining” certification program, strengthen the mining industry’s infrastructure, promote domestic manufacturing of green mining hardware, and incorporate strategic Bitcoin reserves into the legal framework. This marks an important shift in the United States’ digital asset strategy and is expected to spur domestic investment and technological innovation.

FGE NexantECA predicts that if the Strait of Hormuz is closed for six to eight weeks due to a war involving Iran, oil prices could surge to $150 or $200 per barrel, as losses from supply disruptions would be enormous. Fesharaki, the Honorary Chairman, said that Trump’s remarks have limited impact, and that the actual situation will drive prices higher.

Anchorage Digital CEO Nathan McCauley announced support for the newly formed U.S. bipartisan political action committee Blockchain Leadership Fund to help clarify the cryptocurrency regulatory framework. The move is an extension of the company’s long-term policy advocacy and, together with Chainlink, will work to advance legislation.

RHB Research analyst Joseph Chai noted that bullish momentum in New York Mercantile Exchange gold futures has increased. The price has broken through the $4,500 resistance level, but it may face heavy selling pressure near the 20-day SMA, which is currently about $4,815.63.

By the end of March 2026, the Bitcoin price is about $67,400. Institutional funding has cooled and high macro interest rates have had an impact, limiting short-term upside momentum. The supply-and-demand structure has loosened, demand has weakened, the market’s ability to absorb has declined, and institutional demand has fallen significantly. Rising real interest rates are increasing liquidity pressure. The market needs to watch for improvements in liquidity and changes in interest rates.

Solana (SOL) price remains under pressure, falling about 0.88% in March, and has been trending downward for six consecutive months. The head-and-shoulders top pattern has broken down, pointing to a target of $73, while the key short-term support is around $80. On-chain data shows spot demand is declining, which could intensify sell pressure. Although long-term holders are adding to their positions to provide some support, it may not be enough to help the rebound—market conditions remain tough.

Walmart-supported fintech platform OnePay continues to expand its crypto business, has integrated multiple tokens to improve transaction performance, reduce transfer fees, and build a super app that combines payments, transfers, and asset conversion. The platform faces challenges such as regulation and security, but its multi-chain support highlights its potential in retail scenarios, driving the adoption of crypto payments.

Gate News update, March 31, March 31 (Tuesday), the Japanese and South Korean stock markets closed lower. The Nikkei 225 index (Japan’s benchmark) closed down 822.13 points, a decline of 1.58%, to 51,063.72 points. The Korea KOSPI index (South Korea’s benchmark) closed down 224.7 points, a decline of 4.26%, to 5,052.6 points.

U.S. stocks are trading sideways at high levels, with a clear increase in corporate executive share sell-offs. The amount sold exceeds $21 billion, while buying is only $2.3 billion, and market signals are relatively cautious. Insider selling is seen as a potential risk indicator, and there is a disconnect between executives’ optimistic remarks and their selling behavior, prompting investors to reassess expectations. Against a backdrop of heightened market volatility, investors need to pay attention to how insider selling may affect future market trends.

The U.S. Senate is accelerating the推进《Digital Asset Market Clarity Act》, and it is expected to enter the review stage in April 2026. The bill has adjusted stablecoin yield, and the DeFi sector will receive clearer protection. Regulatory responsibilities are clearly divided, with the CFTC and SEC each overseeing the regulation of digital commodities and investment contracts. The bill’s progress is tied to crypto market regulation and the direction of global policy.

Gate News, March 31, according to monitoring by Onchain Lens, a whale has reopened a long position of 109,646 CL, worth approximately $11.25 million, with a leverage multiple of 1x. The whale previously went long CL twice and profited $1.75 million.

Trump’s family mining company, ABTC, has been continuously expanding its Bitcoin reserves, exceeding 7,000 coins, but its stock price has kept falling, down nearly 90%. Although the company uses a strategy that runs Bitcoin mining and market purchases in parallel, financial losses and the decline in Bitcoin’s price have put pressure on the share price; the market is paying more attention to profitability than to the size of its asset holdings.

On-chain private credit lending platform Valinor completed a $25.0 million seed round, led by Castle Island Ventures. The platform improves the efficiency of the credit process through smart contracts and focuses on lending to crypto companies, marking a new phase of real-world operations. Private credit is moving toward the blockchain, but Valinor still needs to address challenges such as smart-contract verification and trust in traditional capital.

Gate News: According to the latest Gate TradFi data, VIX (VIX) has dropped by 4.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

SWIFT, the global financial messaging network, is accelerating the development of blockchain settlement infrastructure and plans to launch its first minimum viable product in 2026. The new system is built on a permissioned network, enabling near-real-time transfers of tokenized deposits and digital currencies through smart contracts. Its core selling point is low integration and upgrade costs. The project has attracted more than 30 major banks and aims to improve the efficiency of cross-border payments, with potentially massive impact.

By the end of March 2026, corporate sentiment toward Bitcoin allocations has clearly cooled, with global listed companies net adding only about $70,000—hitting a new low. Major firms such as Strategy and Metaplanet have paused purchases, indicating that market sentiment has shifted. Despite high holdings, available new capital is limited; some companies have adopted adjustment strategies to cope with the market environment, reflecting caution about the current price. The overall market trend will depend on fund flows and changes in macroeconomic policy.

In 2026, the Pi Network mainnet rollout initiative has made progress, with more than 119,000 users completing a second migration, signaling a transition toward an “application-driven” model. Second migration allows users to transfer additional Pi balances into their mainnet accounts, but it requires KYC verification. The project team is proceeding carefully, has begun expanding real-world application scenarios, and despite disagreements within the community, the system as a whole is developing steadily; going forward, the key will be migration efficiency and the successful rollout of ecosystem applications.

Federal Reserve Chair Jerome Powell spoke at Harvard University, emphasizing economic uncertainty and unclear policy direction, causing markets to hold off. Bitcoin has been trading sideways around $67,400, showing some resilience. Powell mentioned inflation and the state of the job market, suggesting that policy room is limited. Market expectations for future policy changes have been muted, and both traditional markets and crypto assets are waiting for key catalysts.