Gate Crypto Flash News and Market Updates

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.

U.S. and European allies have revealed that Russia is substantially supporting Iran's military operations, and the collaboration between the two has significantly strengthened. British officials noted that Iran is transferring drones and production technology to Russia, and has demonstrated technological advancements in attacks in the Middle East. The French Foreign Minister referred to it as "bilateral cooperation."

The cryptocurrency market remains volatile, with Bitcoin priced at $66,500 and a total market capitalization of $2.375 trillion. Among altcoins, NOM recorded the largest increase, reaching 64.6%. Meanwhile, tensions between the U.S. and Iran are escalating, with Iran facing frequent attacks, the U.S. military increasing troop levels and preparing for ground operations, and the probability of navigation through the Strait of Hormuz dropping to 24%.

Economist Peter Schiff warns that crypto asset mortgages may increase the cost of home purchases and the risk of default, as borrowers must take on both mortgage and crypto "second loan" interest. This model amplifies leverage levels, raising concerns.

Professor Wan Zhe pointed out that the Middle East conflict creates uncertainty for oil prices, with the closure of the Strait of Hormuz potentially leading to a global supply gap of 15%-20%. Under the current circumstances, oil prices will remain above $100, and if the situation worsens or the Strait of Mandeb is blocked, oil prices will rise further; if there is a diplomatic breakthrough, oil prices may fall back below $100.

On March 29, the tokenization platform xStocks partnered with Fundrise to launch the Fundrise Innovation Fund (VCX) on-chain, introducing the tokenized version VCXx. VCX provides opportunities to invest in emerging star companies, with recent stock price fluctuations being significant, starting at an initial trading price of $31, peaking at $575, and currently priced at $173.

Coin Center's Executive Director stated that the Trump administration failed to fulfill its promises, leading to legal risks for developers of cryptocurrency privacy software. Currently, the U.S. Department of Justice has filed lawsuits against multiple developers, exacerbating compliance uncertainty in the industry.

Gate News reports that on March 29, despite several digital art projects debuting at the Hong Kong Basel Art Fair, the NFT market overall remains sluggish, showing no clear signs of recovery. Specifically, the listing price for Bored Ape 5278 in the "Bored Ape" series is currently just 7 ETH, down over 100 ETH from its last transaction price, reflecting a significant decline in the valuation of top NFT assets. Once regarded as a rapidly rising asset class, the NFT art market has notably cooled, with both liquidity and price performance continuing to face pressure.

Gate News reports that on March 29, California Governor Gavin Newsom signed an executive order prohibiting government appointees from using non-public information obtained during their official duties to profit from insider trading in prediction markets. The executive order specifies that public officials appointed by the governor are not allowed to use "confidential or non-public information" to bet on political or economic events related to their positions. The ban extends to their spouses, family members, and former business partners. Newsom stated that public service should not become a tool for profit and that the boundaries between power and interests need to be clearly defined.

U.S. Congressman Steven Horsford and Max Miller have released a draft discussion of the “Digital Assets PARITY Act,” aiming to establish a unified tax framework, promote the development of digital assets, and propose measures such as small-amount tax exemptions and deferred tax payments. It is still under discussion.

The Canadian government has introduced the “Strong and Free Elections Act,” planning to ban political donations in forms such as cryptocurrency because they may create risks to election integrity. At the same time, the UK Labour Party has also paused accepting cryptocurrency donations until the regulatory framework is improved.

The Washington State attorney general filed a civil lawsuit against prediction market platform Kalshi, alleging it violated state law with prediction services covering sports events and other events. Kalshi denies the alleged violations and says it is confident it will prevail. This case is one of several lawsuits it is facing.