Geopolitics

China issues a ban on unauthorized Renminbi-pegged stablecoins and considers RWA tokenization activities illegal, aiming to prevent industry expansion. Analysts believe that this ban cannot stop the global demand for USD stablecoins, and Hong Kong's stablecoin licensing may also present opportunities for Chinese-funded banks, indicating a subtle regulatory adjustment. Overall, China's measures are targeted at the domestic market rather than an obstacle to global RWA development.

Elvira Nabiullina, the head of the Central Bank of Russia, has declared that first-wave banks were finalizing their preparations to support the digital ruble on day one. She also clarified that the bank was on schedule for the launch expected by September. Central Banks Reinforce Preparations

Gate News Report, March 10 — According to The Wall Street Journal, Iran's Foreign Minister publicly stated that negotiations with the United States are unlikely.

Affected by Iran's geopolitical conflicts, Dubai's financial market real estate index has declined approximately 20% over the past five trading days, erasing the gains made in early 2025. Despite strong performance in 2024 and 2023, geopolitical tensions have led to a rapid decline. Dubai's real estate transaction volume is expected to hit a new record high in 2025.

Deutsche Bank's Head of Research Jim Reid pointed out that the current global energy market trend is similar to that before the second oil crisis in the 1970s, especially in the 4-5 years following the inflation surge. However, the key difference between the two is that the high inflation expectations in the 1970s led central banks to adopt aggressive monetary tightening, whereas today's long-term inflation expectations remain stable.

South Korea's National Tax Service accidentally leaked cryptocurrency seed phrases, leading to assets worth approximately $4.8 million being stolen. The first thief surrendered and returned the assets, but they were stolen again by others. Experts criticized the National Tax Service for not taking necessary protective measures, and authorities admitted the mistake and promised to strengthen security systems.

On March 10th, Bitcoin broke through $70,000 during the East Asian trading session, completing a recovery after the weekend sell-off. As volatility in the energy markets eased, selling pressure on risk assets diminished. Market data shows that institutional capital inflows continue to support Bitcoin, investor sentiment is improving, and short-term upside potential is increasing.

Goldman Sachs Chief China Equity Strategist Liu Jinjin believes that despite market volatility, the "overweight" rating on the Chinese stock market remains unchanged. He points out that Middle Eastern geopolitical issues, energy prices, and artificial intelligence technology are the main factors influencing investor sentiment. The risk-reward ratio of A-shares is higher, and investors are advised to focus on structural themes to achieve excess returns.

The largest gold ETF in the US, GLD, recently set a record with $3 billion in single-day outflows, causing gold prices to decline and indicating a trend of investors taking profits. At the same time, capital inflows into Bitcoin ETFs have significantly rebounded, reflecting a clear capital flow divergence between these two asset classes. Analysts predict that as geopolitical and economic conditions change, Bitcoin may outperform gold in the next two to three years.

Wyoming Senator Cynthia Lummis is advocating for tax exemptions on cryptocurrency transactions under $300 to promote everyday use of cryptocurrencies. However, the CLARITY Act faces obstacles in the Senate, mainly due to regulatory disputes over crypto token stocks and opposition from the banking industry. With Lummis stepping down soon, the legislative prospects remain uncertain.

Bitcoin has recently rebounded strongly, with a price of approximately $68,990. The Bhutan government has transferred another 175 Bitcoins, MicroStrategy has increased its holdings by nearly 18,000 coins, reaching a total of 738,731 coins. Trump stated that the US-Iran conflict will end quickly, oil prices rose less than expected, and overall market sentiment has improved.

In brief Bitcoin has climbed more than 4% to roughly $69,100 as risk assets steadied after oil retreated from a spike tied to Middle East tensions. Futures open interest and aggressive buying in perpetual markets suggest traders are cautiously returning to leveraged positions. U.S. spot B

Bitcoin and Ethereum rebounded after Trump announced a temporary suspension of some oil sanctions, with Bitcoin soaring to a high of $69,537 and Ethereum reaching $2,053 at one point. Oil prices fell sharply, easing inflation pressures, and market liquidity expectations improved, leading to gains in risk assets. However, analysts warn that the US-Iran conflict could still impact shipping through the Strait of Hormuz, and the decline in global oil prices remains uncertain.

President Trump announced that military actions against Iran have been completed ahead of schedule. This news changed market expectations of a prolonged conflict, leading to a sharp decline in oil prices and a subsequent rebound of approximately 2.4% in Bitcoin. The market recovery caused stocks related to cryptocurrencies to generally rise, indicating that the easing of geopolitical tensions has had a positive impact on risk assets.

Gate News Report, March 10th, U.S. President Trump stated that if Iran takes any action to block oil flow through the Strait of Hormuz, the United States will respond with twenty times the current force.

Moldova's National Anti-Corruption Center has disclosed a plan to influence the 2025 parliamentary elections using cryptocurrency, involving a total amount of $107 million. The funds are transferred through non-custodial crypto wallets to intermediaries, who then exchange them for cash to bribe voters and promote candidates. The source of the funds is mainly from crypto platforms in Russia and Kyrgyzstan.

On March 10th, Bloomberg reported that due to escalating conflicts in the Middle East, the 24-hour trading volume of perpetual contracts tracking WTI crude oil on the Hyperliquid platform exceeded $1.2 billion, making it the second-largest market after Bitcoin. The contract price briefly rose to $107 per barrel, with $75 million in short positions liquidated, indicating the market's sensitive reaction to the Iran situation.

Trump stated at the Florida conference that he will refuse to sign any other laws until the "SAVE America Act" is approved by Congress, which addresses issues such as voter identification. This stance could impact the progress of legislation related to the cryptocurrency industry. At the same time, Trump has prioritized crypto regulation but currently considers the voter identification bill as the top priority.

Gate News Report, March 10, the Islamic Revolutionary Guard Corps of Iran issued a statement saying that if the United States and Israel continue their attacks, Tehran will not allow "any oil" exports from the region.

On March 10th, Trump announced a temporary lifting of some oil-related sanctions to ensure oil prices remain stable, and mentioned that this policy will continue until the Strait of Hormuz resumes navigation. He also referenced that last week, the US permitted the sale of retained Russian oil to India.