The S&P 500 Index and Nasdaq 100 Index decline narrowed to 0.5%

Michael Saylor boldly states: MicroStrategy can absorb an "oversupply" of Bitcoin

MicroStrategy Executive Chairman Michael Saylor stated that the company can sustainably purchase more Bitcoin than market sellers, demonstrating its financial strength and long-term holding willingness. Since 2020, MicroStrategy has accumulated 738,731 Bitcoins. Although the current market value is approximately $50 billion, lower than the $56 billion acquisition cost, Saylor emphasized that they are not affected by short-term fluctuations and will continue to increase holdings, impacting the market supply and demand structure.

BitMine is sweeping up 60,000 ETH! Tom Lee confidently states: "The mini crypto winter" is coming to an end.

Bitmine Immersion Technologies recently purchased 60,976 Ethereum, totaling approximately $120 million, to support the crypto market. Despite facing $7.8 billion in unrealized losses, Chairman Tom Lee remains actively buying, believing the market is close to the bottom. The company plans to stake all its Ethereum, with an estimated annualized return of $259 million, urging investors to seize the bottoming opportunity.

Oman withdraws ships to avoid risk, oil prices break above $100, Bitcoin drops back to 69K

The Middle East geopolitical conflicts have intensified, leading to challenges in the international energy market. Oman has evacuated oil tankers to ensure safety, causing oil prices to surge to $100 per barrel. Asian stock markets generally declined, and Bitcoin also retreated to $69,550. Although the IEA released oil reserves, it is difficult to fundamentally resolve the supply gap issue.

TRON joins the Linux Foundation's AI Steering Committee, alongside JPMorgan Chase and OpenAI

TRON officially joins the Linux Foundation's Agentic AI Board of Directors as a Gold Member, collaborating with tech giants to establish industry standards for AI agents, demonstrating its strategic shift towards the AI sector. TRON's payment capabilities and stability will support commercial settlements for AI agents and reshape its valuation model to prepare for the future explosion of autonomous AI agents.

Wall Street is eyeing the prediction market! Several brokerages are assisting hedge funds and institutional clients in entering trades.

Reports indicate that multiple Wall Street brokerages plan to offer trading channels for hedge funds and institutional investors to predict market movements, demonstrating increased institutional interest in markets traditionally dominated by retail investors. Institutions aim to use prediction markets as hedging tools and data sources, but currently face challenges such as liquidity shortages and regulatory risks. As more financial institutions participate, prediction markets have the potential to become a significant source of information in the financial industry.

Ethereum spot ETF had a net inflow of $57.012 million yesterday, with none of the nine ETFs experiencing net outflows.

As of March 12, Ethereum spot ETFs recorded a total net inflow of $57.012 million on March 11, 2023, in Eastern Time, with all nine ETFs experiencing no net outflows. Among them, the Fidelity ETF had the highest net inflow at $19.1332 million, with a total net inflow of $2.333 billion. Grayscale Ethereum Mini Trust ETF followed, with a single-day net inflow of $19.0788 million and a total net inflow of $1.842 billion. Currently, the total net asset value of Ethereum spot ETFs is $11.85 billion, with a net asset ratio of 4.75%.