Bitcoin is trading sideways near $66,000, influenced by remarks by Trump on the situation in Iran. The shipping and insurance costs in the Strait of Hormuz reflect elevated risk. It is expected that an expanding supply shortfall will continue to weigh on Bitcoin and other risk assets, and in the short term the market may still remain choppy.

April 2, the Drift attack incident affected multiple DeFi protocols, including Reflect Money and Ranger Finance, among 11 projects. Some projects paused features such as minting and withdrawals. Ranger Finance lost about $900,000, accounting for 6% of its total value; Pyra also paused the relevant functions because users’ funds were affected.

Recently, executives and board members from several large enterprises have significantly sold off shares, with insider buy-sell ratios declining to low levels, attracting market attention. Analysts point out that this may reflect cautious sentiment from corporate leaders toward the market, particularly in the technology and energy sectors. Although insider selling may signal market volatility, future trends still need to be assessed by combining economic data and other factors.

Gate News reports that on March 19, prediction market platform Polymarket data shows that as Bitcoin's price fell back to $70,000, the probability of it reaching $80,000 in March has dropped significantly from 42% the previous day to 17%. Meanwhile, the probability of Bitcoin falling to $65,000 in March rose to 46%, and the probability of falling to $60,000 rose to 18%. These data changes reflect a shift in market sentiment, with traders adjusting their expectations for Bitcoin's performance this month.

On March 11, Bitcoin price dropped over 2% due to market cautiousness. Economists expect US CPI data to be slightly higher than last month, although this data does not reflect the impact of rising oil prices, and Bitcoin's short-term response may remain stable. Tensions in the Middle East could lead to increased safe-haven demand. The market should pay attention to changes in key support and resistance levels to prepare for potential volatility.

Gate News Report, March 9 — FTX founder SBF stated that the main bottleneck for AI currently is "adoption." The key is not whether companies have purchased tools like ChatGPT Enterprise, but whether they are restructuring their organizational structures and business processes around the full potential of the latest models. He pointed out that the current level of adoption is insufficient to reflect the scale of AI's future impact on the economy and believes that AI assets are still generally undervalued at this stage.

Gate News Update, March 09: According to CoinMarketCap data, as of press time, DEGO (Dego Finance) is trading at $0.63, up 57.73% in the past 24 hours, with a high of $0.67 and a low of $0.25. The 24-hour trading volume reached $89 million. The current market capitalization is approximately $13.3 million, an increase of $4.88 million from yesterday. ## Important recent news about DEGO: The 57.73% surge in DEGO's price, combined with the sharply increased trading volume of $89 million, indicates a clear market-driven capital influx. The significant price fluctuations between $0.25 and $0.67 reflect the market participants' sentiment.

Recently, the demand for Ethereum staking has significantly increased, with 3.4 million ETH queued to enter the validator queue, and the waiting time reaching 60 days, a record high. Institutional investors are gradually changing their strategies to earn stable returns through staking. This trend is expected to reflect optimistic expectations for the future applications of Ethereum.

Recently, as Bitcoin experienced a slight pullback, the market has once again turned bearish, with mainstream CEX and DEX funding rates indicating this trend. Funding rates are a mechanism to adjust the contract price relative to the asset price, and the current rate changes reflect a shift in trader sentiment.