Gate News reported that on March 24, analysts from Saxo Bank stated that the ongoing Middle East conflict continues to trigger widespread macroeconomic impacts on global markets, forcing investors to simultaneously reassess inflation, interest rates, economic growth, and liquidity conditions. Gold is being sold off as it is one of the few liquid assets that has remained on an upward trend over the past year. Gold is under pressure from concerns that elevated energy prices will push up inflation and suppress expectations for further rate cuts in the near term.

Japan's 10-year government bond yield has risen to 2.32%, approaching the highest level since 1999, indicating stress in the financial system. Rising energy prices are intensifying inflation risks, and markets expect the central bank may raise interest rates. Japan holds $1.2 trillion in U.S. Treasury bonds, and rising yields impact global capital costs, potentially triggering price volatility in risk assets. Investors should monitor the impact of changes in government bond yields and energy prices on the market.

British fintech company Revolut expects pretax profits to reach £1.7 billion in 2025, representing a 57% year-over-year increase. Its total revenue grew 46%, benefiting from technology-driven operations and diversified business layout. Revolut is transforming into a global bank and plans to expand in the US market, with an estimated 2025 valuation of $75 billion. This achievement has garnered industry attention and may serve as a benchmark for other fintech companies.

ECB's Piero Cipollone stated that the EU's tokenization market needs to meet three conditions: developing a digital euro to stabilize transactions, collaborating with enterprises to ensure market demand, and coordinating legal regulations to address cross-border obstacles. Once implemented, it is expected to accelerate market growth and drive financial innovation and capital integration.

As stablecoins expand, major global banks like Citigroup and BNY Mellon are accelerating deposit tokenization initiatives to address fund outflows and operational pressures. This model maps bank deposits as on-chain assets, enabling rapid settlement, which helps enhance liquidity while maintaining compliance. Despite transformation challenges in technology and regulation, deposit tokenization could drive the convergence of traditional finance and blockchain in the long term.

Gate News reports that on March 24, Swiss postal service-owned bank PostFinance added support for Layer 1 blockchain Algorand. Users can now purchase ALGO tokens directly through their bank accounts without needing to set up a wallet.

The latest draft of the U.S. CLARITY Act proposes to restrict platforms from offering yields on stablecoin holdings, prohibiting returns similar to bank deposit interest. The draft permits loyalty and promotional rewards, but these must avoid being viewed as "interest-like." Regulators will jointly define compliant forms, and some industry insiders believe the draft is more stringent.

Institutional prime brokerage LTP has reached a strategic partnership with Singapore Gulf Bank to integrate fiat and digital asset infrastructure, providing compliant funding solutions for institutional clients, including real-time settlement, fiat custody, and capital efficiency enhancement services.

The Russian government has approved the Digital Currency and Digital Rights Bill. The central bank will review and authorize digital assets permitted for circulation, establish strict listing conditions, ban privacy coins, set an annual investment limit of $4,000 for investors, impose substantial fines and prison sentences on non-compliant exchanges and mining enterprises, and the bill must complete review by 2026.

Cryptocurrency industry professionals first saw revised provisions of the Digital Asset Market Clarity Act at a conference on Capitol Hill in Washington, which prohibit profiting from holding stablecoins and restrict practices similar to bank deposits. The breakthrough compromise allows activity-based rewards but not balance-based ones. The bill's progress still needs to address DeFi regulation and other obstacles.