The UK Treasury Department selects HSBC blockchain platform for pilot issuance of digital government bonds

Barclays: Middle East Conflict Fails to Eliminate Dollar Risk Premium

Jinse Finance reports that, according to Jinshi Data, analysts at Barclays Bank stated in a report that although the Middle East conflict has driven up energy prices and supported the US dollar exchange rate, the risk premium on the US dollar has not decreased. The market still requires a higher premium for US dollar assets to compensate for the increased uncertainty in US policies. Analysts believe that it is reasonable to expect the US dollar to weaken somewhat in the short term.

US CFTC Establishes Innovation Task Force Focused on Cryptocurrency Assets, AI, and Prediction Market Regulation

The U.S. Commodity Futures Trading Commission has established an "Innovation Task Force" aimed at developing regulatory rules for new products and technologies in the derivatives market, with a focus on crypto assets, artificial intelligence, and prediction markets, led by the Chairman's senior advisor.

White House Reviews SEC Crypto and Hedge Fund Plans

_The White House is reviewing two SEC proposals on digital assets and hedge fund disclosures, sent March 20 by Chairman Paul Atkins. Major regulatory shifts ahead._ The Securities and Exchange Commission has sent two proposed rules to the White House for review. One targets digital assets. The

Grayscale: AI and Financial Applications Perform Excellently Amid Q1 Geopolitical Turmoil

# Source: Grayscale Research; Compiled by: Jinse Finance ## Key Points: ----- **2026 Q1 characterized by volatility:** Geopolitical risks and macroeconomic re-pricing drove sharp market swings. **Industry-wide decline:** Returns across six major crypto sectors were negative for the second consecutive quarter, as risk-off sentiment and deleveraging accelerated. **Financial applications and tokenization projects lead:** Supported by institutional adoption and improved regulatory clarity, these projects outperformed the broader market. **AI-related tokens stand out:** With increasing focus on artificial intelligence and clear on-chain financial settlement needs from agents, the AI sector emerged strongly. ## Overall Performance The first quarter of 2026 was another challenging period for the crypto market.

# Gold and BTC Diverge: A Battle Over the Definition of Safe-Haven Assets

# Woke up, and BTC pulled back to 70k. On the drive this morning, the radio was reporting that gold came under pressure as the Fed's March FOMC meeting failed to meet rate cut expectations, erasing all gains for the year so far. Recently, geopolitical tensions in the Middle East have escalated, causing global capital markets to shake. According to classical narratives in traditional finance, geopolitical conflicts should push up gold prices—a logic rooted in gold's thousands of years of safe-haven attributes, long since becoming the instinctive reaction of market participants. Yet the market performance in March 2026 has shattered this stereotype: gold prices continued to decline, breaking through the critical support level of $4,500, while Bitcoin's decline was far smaller than traditional risk assets like stocks, displaying a certain characteristic of "relative safe-haven." This anomalous divergence, on the surface is a difference in asset price movements, but at a deeper level reflects a structural change long overlooked by the market: the investor base for gold and Bitcoin is undergoing a fundamental shift

# Bond King Gundlach Warns of "Out of Control" Redemptions in Private Credit: Current Situation Resembles Pre-2008 Financial Crisis

Jeffrey Gundlach warns that the private credit market faces redemption pressure and low transparency risks, similar to the 2007 CDO bubble. He points out that market institutions have tightened redemption policies and predicts that if this collapse occurs, it will have serious implications for the crypto market.