Encrypted Breakfast | March 27 1. U.S. stocks closed lower, with the S&P 500 and Nasdaq recording their biggest single-day drops since the start of the Iraq War on February 28. The Dow Jones Industrial Average fell 1%, the S&P 500 fell 1.7%, and the Nasdaq Composite fell 2.38%. Tesla (TSLA.O) fell more than 3%, and Nvidia fell 4%. 2. Despite the anticipated ceasefire, the conflict in the Middle East remains substantial, and the risk of oil supply disruptions has not been eliminated, keeping international oil prices high. Influenced by news from Trump, WTI crude oil initially plunged nearly $5 in after-hours trading in the US, but subsequently rebounded quickly, ultimately closing up 2.64% at $94.12 per barrel; Brent crude oil ultimately closed up 2.88% at $101.19 per barrel. 3. Türkiye sold 22 tons of gold in a single week, marking the largest weekly drop since 2018. 4. Trump: At the request of the Iranian government, the strike on Iranian energy facilities has been postponed by 10 days to April 6, and negotiations between the two sides are progressing very smoothly. Media quoted Iranian officials as saying, "No requests have been made regarding a potential U.S. attack." 5. A major US housing finance company has for the first time included crypto in its collateral. This accelerates the mainstreaming of RWA and benefits BTC/stablecoins as real-world assets. 6. Circle's stock price plummeted 20% due to the draft regulations on stablecoins, which restrict passive income and are interpreted by the market as a major negative factor. 7. Binance launched the AI ​​Pro trading tool for public beta testing, officially integrating AI market analysis and automated execution. 8. SpaceX's IPO is expected to raise $40 billion to $80 billion. SpaceX is considering offering preferential treatment to investors from other companies under Musk's umbrella in the stock offering. Meanwhile, SpaceX's IPO is rewriting Wall Street practice: the retail allocation is planned to be three times the usual amount, and investor meetings will begin after Easter. 9. Anthropic is considering an IPO as early as October and has already begun preliminary discussions with several Wall Street banks regarding a potential listing. Anthropic could raise over $60 billion through the IPO. 10. Michael Saylor: The next phase for the crypto industry will be digital lending. Digital lending is the most attractive credit instrument in the world. If you can create a product with a Sharpe ratio of 4, it should be in every portfolio. 11. The White House has approved a proposal to include cryptocurrency in 401(k) retirement plans for review. 12. Xiaomi MiMo Limited-Time Free Access Extended: Free access to the Agent framework extended to April 2nd. 13. Hong Kong police announced progress in the JPEX fraud case: 80 people have been arrested and assets of approximately HK$228 million have been frozen. 14. Fannie Mae will accept crypto asset-backed loans for the first time. 15.OpenAI Launched a plugin marketplace, allowing direct installation and use of Codex and other plugins, and for the first time integrating with figma and gmail. [Bitcoin Market Analysis] Bitcoin failed to hold at 70,000, but it has shown strength despite the sharp drop in US stocks last night, and did not follow the US stock market's continued decline. Bitcoin is currently in a period of consolidation. A real rebound will only occur after the war ends, requiring not only an announcement from the US but also from Iran. Otherwise, it's unlikely that Trump's tacos will generate any significant market movement. Let's see if we can get back above 72,000 on the 4-hour chart this week. If we can, it means there is still a desire to rise in the short term. Otherwise, we will continue to be weak and volatile. [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.