Gate Crypto Flash News and Market Updates

The UK has imposed new sanctions on Southeast Asian scam networks, naming Chen Zhi and his long-time collaborator Hu Xiaowei, and sanctioning the cryptocurrency exchange "New Coin," alleging that it supports fraudulent activities.

Gate News reports that on March 29, South Korean President Lee Jae-myung nominated Shin Hyun Song, the head of the Monetary and Economic Department of the Bank for International Settlements, as a candidate for the new governor of the Bank of Korea. It is reported that Shin Hyun Song is known as a "pragmatic hawk" and holds a negative attitude towards the Korean won-pegged stablecoin promoted by the Lee administration. Shin Hyun Song believes that in countries with highly volatile exchange rates that are susceptible to capital outflows, stablecoins can easily become a tool for capital flight, and stablecoins pegged to the local currency may accelerate this trend.

BlockBeats news, March 29, according to HTX market data, Bitcoin has broken through $67,000, up 1.38% over the past 24 hours.

OpenClaw founder Peter Steinberger stated that the next version will adopt the Model Context Protocol (MCP) to replace Anthropic's Messaging Channel Protocol, thereby enhancing message access capabilities and supporting several applications such as Microsoft Teams, Matrix, and WhatsApp.

OpenClaw founder Peter Steinberger announced that the next version will adopt the MCP protocol to replace Anthropic's message channel to expand message access capabilities. He responded to the community's concerns about OpenClaw's bias towards OpenAI, emphasizing support for multiple software such as Microsoft Teams and WhatsApp.

Gate News report: On March 29, according to Arkham monitoring, the whale “2TheMoon,” which was previously liquidated for more than $100 million, has recently entered the market again. That whale saw its position liquidated at the end of 2024, involving an amount of more than $100 million, with total losses of roughly $15 million. Recently, its address transferred $400,000 to a Hyperliquid account and bought 10,000 HYPE to re-enter the market, but whether it can recoup its earlier losses remains to be seen.

BlockBeats message, March 29, Glassnode posted that Bitcoin is currently at the lower bound of the new-buyer cost basis range (from $60,000 to $70,000). Supply accumulation is more noticeable within this price range, but compared with historical precedents that drove a strong recovery, the density of the current coin clusters is relatively thin. In terms of structure, the current accumulation pattern has constructive significance, but in terms of strength it is still insufficient and has not yet formed a clear upside momentum signal.

Gate News reported that on March 29, the on-chain data platform Glassnode posted on X platform, indicating that the current Bitcoin price is at the lower edge of the cost basis range for new investors ($60,000 to $70,000). Data shows that there has been a certain degree of accumulation within this range, but the overall scale is still below the typical levels that historically drive strong rebounds, with relatively weak chip density. Glassnode stated that the current accumulation structure has constructive significance in terms of its shape, but it still lacks intensity and has not formed a clear upward momentum signal.

France’s BNP Paribas announces the launch of 6 crypto-asset-linked ETNs, offering investors an indirect way to allocate to assets such as Bitcoin and Ethereum. These ETNs comply with the MiFID II regulatory framework and will be available for subscription to French clients in 2026.

BNP Paribas announced the launch of six cryptocurrency-related ETNs, providing investors with indirect access to assets such as Bitcoin and Ethereum. These products comply with the EU regulatory framework and will be open for subscription to various clients in 2026.

The Trump administration has recently been wavering on its stance toward the war. The White House warned that if Iran does not abandon its nuclear ambitions, it could face a devastating strike, while also considering seizing Hark Island to counter the weapon threat. Market predictions show that in the short term, the odds that Iran will no longer control Hark Island are relatively low.

Gate News bot message, Whale address 0x1F09 sold 1,870 XAUT tokens valued at $9.49 million at a price of $4,489 per token nine hours ago. The whale had purchased these tokens two weeks prior at $5,075 per token, resulting in a loss of approximately $1.1 million on the transaction.

BlockBeats news, on March 29, multiple European countries will begin implementing daylight saving time, which will advance the trading hours and the release times of economic data in the European financial markets by one hour compared to standard time.

BlockBeats news, on March 29, according to monitoring by HyperInsight, "Brother Magic" Huang Licheng continues to increase his long positions, with a total position exceeding 15 million USD, the current positions are as follows: ETH long position valued at 10.85 million USD, opening price 2,041.14 USD; BTC long position valued at 3.71 million USD, opening price 66,720.1 USD; HYPE long position valued at 610,000 USD, opening price 38.8 USD.

Gate News reported that on March 29, the Turkish Parliament removed the tax provisions related to cryptocurrency assets during the deliberation of a comprehensive bill. Previously, the provision aimed to impose a 0.3% transaction tax on cryptocurrency transactions conducted through service providers and to implement withholding tax on cryptocurrency gains. This adjustment stemmed from strong opposition from the opposition party. Turkish officials stated that the relevant content may be reintroduced in the future as separate legislation.

On March 29, Majie Brother Huang Licheng increased his holdings in BTC, ETH, and HYPE, with a total position value of approximately $15.2 million. He holds long positions of 15,500 HYPE, 56 BTC, and 5,425 ETH, with liquidation prices of $18.9, $61,067, and $1,947, respectively, while also placing limit sell orders.

Gate News reports that on March 29, multiple European countries began implementing Daylight Saving Time. As a result, the trading hours of financial markets and the release times of economic data in Europe will be one hour earlier than during Standard Time.

March 29th Cryptocurrency Market News: MicroStrategy's founder gives a bullish signal, analysts focus on Saudi production cuts, High points out that Bitcoin may have already bottomed. U.S. stocks may be approaching a short-term bottom, Canada plans to ban cryptocurrency political donations. The market needs to reset in order to start a new bull market.

Gate News report, on March 29, according to official news, Sui announced that the mainnet has been upgraded to V1.68.1, and the protocol has been upgraded to version 118. The main content of this upgrade includes: enabling address alias functionality on the mainnet, enhancing metadata security in the Sui System, and fixing an issue that could cause full nodes to crash when simulating abnormal transactions involving invalid fund withdrawals.

As the World Cup approaches, the fan interaction platform Chiliz token CHZ has risen by 15.24%. Other fan tokens like SANTOS and ASR have also seen increases. The 2026 World Cup will be held in the US, Canada, and Mexico, with the Iranian team participating in the group stage attracting attention, while Spain is considered a favorite to win the championship.