Last night's Crypto explosive information collection, Get market highlights in 1 minute丨3/21

1️⃣ Precious metals plummet

Spot gold plunged all the way down during the European trading session, dropping as much as 7% at one point, hitting a low of 4502.57 USD/ounce, and finally closed down 3.49%, reported at 4650.33 USD/ounce.

Spot silver didn't fare much better, returning to around 65 USD at one point, ultimately closing down 3.33%, reported at 72.82 USD/ounce.

👉 This round of precious metals is indeed quite harsh.

2️⃣ U.S. stock markets all closed down 📉

The Dow fell 0.44%, the Nasdaq fell 0.28%, the S&P 500 fell 0.27%, and the Nasdaq China Golden Dragon Index fell 1%.

👉 Overall, the sentiment for risk assets is still cautious.

3️⃣ Rate cuts are not in sight, and the market has even started betting on rate hikes 🏦

As of this morning, the pricing in the interest rate futures market shows that the Fed's rate cut this year is only left with 5.5 basis points, and there are even bets on rate hikes appearing.

👉 Originally waiting for easing, but now it looks increasingly problematic.

4️⃣ The U.S. stance on Iranian oil has changed 🛢️

Bessent stated that sanctions on Iranian offshore oil may be lifted in the coming days, or strategic oil reserves may be released again.

It also mentioned that it will not attack Iranian energy facilities but aims to use Iranian oil to lower oil prices.

👉 This idea is very straightforward, just aiming to work on oil prices.

5️⃣ Iran warns: retaliation is not over ⚠️

A spokesperson for the Iranian Armed Forces Joint Command stated that retaliatory actions against attacks on Iranian energy infrastructure are not over.

👉 Over here in the Middle East, it is clearly far from a real easing.

6️⃣ Crypto layoffs 12% 🤖

Crypto announced layoffs of about 12% (180 people), citing the reason as improving operational efficiency through AI integration.

👉 AI cost reduction and efficiency increase have already begun to directly impact the internal structure of crypto companies.

7️⃣ Animoca increases investment in AVAX 🚀

Animoca Brands invests in AVAX and reaches a strategic cooperation with Ava Labs, focusing on the layout of RWA, games, and entertainment ecology in Asia and the Middle East.

👉 This cooperation is clearly pushing towards regional expansion and application landing.

8️⃣ Coinbase BTC yield fund goes on-chain 💰

Coinbase's BTC yield fund has been tokenized on the Base chain through the Apex protocol.

👉 Traditional yield products continue to move on-chain, and the asset on-chain path is still accelerating.