Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-03-31
17:01

During the Iranian blockade, traffic through the Strait of Hormuz increased; the number of weekly two-way transits rose from 5 ships to 7 ships.

The number of ships transiting the Strait of Hormuz has been increasing slowly, reaching 7 vessels per week, even as Iran continues to blockade most commercially operated ships that have not received permission. This shift suggests that non-hostile Asian country fleets are still passing through the strait, and that Iran’s blockade strategy is gradually evolving into an economic warfare tool.
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17:01

TD Cowen: The probability that the crypto market structure bill passes this year is only one-third

TD Cowen’s Jaret Seiberg is pessimistic about the outlook for the Clarity Act, the crypto market structure bill, saying the odds of the bill passing both the House and the Senate are only one-third. A recent compromise proposal on stablecoin yield returns failed to move the bill forward, which could leave both crypto platforms and banks dissatisfied. The bill is most likely to advance in late July, but even optimistic senators have begun to lower their expectations.
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16:47

BTC 15-minute rally up 1.02%: structural rebound driven by liquidity shortfalls converging with whale activity

2026-03-31 16:30 to 16:45 (UTC), BTC recorded a +1.02% return within the 15-minute candlestick timeframe. The price range was 66964.2 - 68012.0 USDT, with a swing of 1.56%. The short-term move has attracted market attention; overall volatility has increased. Funds temporarily flowed toward the long side, and trading activity rose month-over-month. The main driver behind this abnormal move is that exchange order book depth continues to decline, resulting in noticeably weaker liquidity. In this environment, limited buy-side demand is enough to amplify the price reaction, pushing BTC higher quickly in the short term. On-chain data shows,
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BTC3.91%
16:47

ETH 15-minute rise of 1.36%: Leverage liquidation triggers inflows that drive unusual price action

2026-03-31 16:30 to 16:45 (UTC), within a 15-minute window ETH’s return reached +1.36%, with price fluctuations ranging from 2061.38 to 2108.31 USDT, and an amplitude of 2.27%. Market sentiment quickly concentrated, short-term volatility intensified, and heightened trading activity boosted attention. The main driving force behind this unusual move is leveraged liquidations rapidly amplifying their impact on the spot market. Data shows that within 24 hours, the long and short liquidation amounts for ETH reached as high as $59.20 million and $32.97 million, respectively, with the total number of liquidations reaching 150,000.
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ETH4.3%
16:16

Block uses AI to rebuild the organizational chart, replacing traditional hierarchical management with “agents”

Block is using artificial intelligence to restructure enterprise organizations and proposes “company agents” to replace traditional hierarchical management. This model includes three types of roles: individual contributors, direct owners, and “player-coaches.” It also uses data to build an “economic graph,” supporting automated financial services for intelligent layers.
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16:01

Across protocol releases an ACX token-to-equity conversion proposal, aiming to restructure into a U.S. Class C corporation

Gate News announcement, March 31, Across released a statement. The ACX token for equity trading and acquisition proposal is now live. The proposal is intended to seek approval to transition the Across protocol from a token-based decentralized autonomous organization (DAO) architecture to a U.S. C corporation. ACX token holders have 7 days to vote on the proposal.
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ACX3.55%
15:32

ETH 15-minute drop of 0.73%: coordinated selling by ETF lead institutions and large-transaction capital outflows trigger selling pressure

2026-03-31 15:15 to 15:30 (UTC), the ETH spot market experienced a clear decline of -0.73%. The price ranged from 2058.77 to 2076.89 USDT, with a volatility of 0.87%. Due to the event, market attention increased, short-term fluctuations intensified, and trading activity among investors became more active. The main driving forces behind this movement are the persistent selling by major institutions on the ETF side, combined with large capital outflows from the spot market. Data shows that over the past week, net outflows from ETH spot ETFs reached as much as $59.94 million, with leading institutions such as BlackRock, Fidelity, and others continuing to reduce their holdings.
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ETH4.3%
15:31

In the past 24 hours, the entire network experienced liquidations totaling $306 million, with over 60% of the liquidations involving long positions.

Gate News, on March 31, within the past 24 hours, the total liquidation amount across the cryptocurrency market reached $306 million, including $188 million liquidated from long positions and $118 million liquidated from short positions. By coin type, BTC recorded a liquidation amount of $123 million, and ETH had $91.1157 million liquidated. In the past 24 hours, a total of 75,507 people were liquidated; the largest single liquidation occurred on a certain CEX for the ETH-USDT trading pair, valued at $11.7556 million.
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BTC3.91%
ETH4.3%