Encrypted Breakfast | March 31 1. Trump's attempts to suppress oil prices with rhetoric failed, and his renewed threats to strike Iran's energy infrastructure sent international oil prices soaring. WTI crude oil rose 3.72% to $105.29 per barrel, closing above $100 per barrel for the first time since 2022; Brent crude oil ultimately closed up 1.51% at $107.99 per barrel. 2. The three major U.S. stock indexes closed mixed, with the Dow Jones Industrial Average up 0.11%, the S&P 500 down 0.39%, and the Nasdaq Composite down 0.73%. Nvidia (NVDA.O) fell 1%, SanDisk (SNDK.O) fell 7%, Micron Technology (MU.O) fell 9.8%, and Intel (INTC.O) fell more than 4%. 3. Powell's speech: ① Energy shocks are usually short-lived, and the standard response from central banks is to “patiently wait for them to subside on their own.” ②The policy is currently in a favorable position, and we can wait and observe how the current situation develops. ③ Private lending does not currently possess the conditions to evolve into a broader systemic event. ④ During Powell's speech, interest rate futures showed that the market withdrew its bets on a Fed rate hike this year, and as of this morning's press time, pricing in a rate cut of about 3 basis points by the end of the year. 4. The Iranian parliament approved a toll for passage through the Strait of Hormuz, payable in Iranian currency. The Iranian Foreign Ministry stated that the issue of withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons is currently under parliamentary review. 5. An oil refinery in Haifa, Israel, caught fire in the missile attack, and Trump said a response would be "coming soon." 6. Trump: We are in serious negotiations with Iran, and if the negotiations break down, we will destroy Iran's energy and power facilities and Kharg Island. 7. On April 1st, AN will launch USDT perpetual contracts for WTI crude oil, Brent crude oil, and natural gas (official/exchange). 8. Aave Labs launched Aave V4 and Aave Pro mainnet versions, adopting a "central + branch" architecture (official/project). 9. Aster updated its token economics, canceling monthly linear unlocking and switching to staking-only easing (official/project). 10. The New York Stock Exchange has officially approved the listing of the Morgan Stanley Spot Bitcoin ETF (MSBT) (official/regulatory). It will be custodied by Coinbase with an annual fee of 0.14%. 11. BitMine increased its holdings by 71,179 ETH last week, bringing its total holdings to approximately 4.732 million ETH, representing about 3.92% of the circulating supply. 12.OpenAI A Claude Code plugin has been open-sourced. Users can directly call Codex within Claude Code, use ChatGPT subscriptions to complete code reviews, or delegate tasks to Codex. 13. Alibaba's Qianwen announced the launch of the full-modal large model Qwen3.5-Omni. The Qwen3.5-Omni series includes three sizes of Instruct versions: Plus, Flash, and Light. It supports a 256k long context and the model supports more than 10 hours of audio input and more than 400 seconds of 720P (1FPS) audio and video input. 14.ClaudeCode The computer use feature has been enabled for max and pro users, allowing them to control their computers via the terminal. [Bitcoin Market Analysis] Trump has shown signs of easing tensions regarding the Middle East war, but now he's in a difficult position. Even if the war ends, the Strait of Hormuz remains unreopened. If the war doesn't end, the previously mentioned 4 to 6 weeks will soon be up. However, given Trump's personality, the matter could end at any time, including the Strait of Hormuz. Right now, the election is the most important thing. Bitcoin found support around 66,000 and is currently around 67,000, so its future direction depends on Trump. Keep an eye on the Middle East wars. [Risk Warning] Digital assets are highly volatile and carry extremely high risks. Please participate with caution, never go all in, and never use leveraged loans.