Gate News Report, March 10 — Lookonchain monitoring shows that a user created a new wallet "minder42" 20 hours ago, betting that the U.S. military will enter Iran before March 14. Despite the odds continuously decreasing, the user keeps increasing their bet, with a total investment of $32,900 so far.

From 19:15 to 19:30 on March 9, 2026 (UTC), the BTC price experienced a 15-minute return of +1.42%, with trading ranges between 68,377.3 and 69,365.3 USDT, and a volatility of 1.44%. This fluctuation far exceeds the regular intraday volatility levels, with market attention significantly heightened, and short-term buying surges intensifying the volatility. The main driver of this movement was net inflow of on-chain funds, triggered by large transfers from major holder accounts, along with buy orders breaking through key technical resistance levels.

Gate News Announcement: On March 9, Nasdaq-listed Bitcoin treasury company Empery Digital disclosed that last week it sold 102 Bitcoins at an average price of $71,636, reducing its total Bitcoin holdings to 3,562. In addition, the company has spent approximately $122 million to repurchase over 20.15 million common shares so far. Empery Digital stated that it will continue to sell Bitcoin as needed to fund future stock buybacks and may also repay some of its outstanding debt.

Bitcoin Treasury Company Strategy Director Chaitanya Jain revealed that in the first two months of 2026, approximately $4.3 billion was invested to purchase 48,000 Bitcoins, far exceeding the $300 million spent in all of 2022. Jain stated that this large-scale institutional buying will change the structure of the Bitcoin market.

Robinhood's Robinhood Ventures Fund I closed at $21 on its first day on the NYSE, down 16%. The fund aims to invest in popular private companies for retail investors and has raised $658.4 million so far. Although its holdings include several well-known companies, it lacks high-valuation firms like OpenAI, which affects retail investor interest. Robinhood plans to expand to more quality companies.

Bitwise Asset Management announced on March 6th that it donated $100,000 to Ethereum developers to support Protocol Guild and PBS Foundation. The company pledged that 10% of the annual earnings from the ETHW ETF would be used to support the development of the Ethereum network, with a total of over $361 million in funds accumulated so far.

Despite XRP price pressure, investors remain interested in XRP ETFs, with approximately $19 million flowing in over the past week and total assets nearing $1.1 billion. However, XRP trading prices are still more than 60% below their all-time highs, and market sentiment remains cautious. Analysts point out that the influence of XRP ETFs is far less than that of Bitcoin ETFs. Overall, XRP's future performance is closely tied to market sentiment and Ripple's technological applications.

Odaily Planet Daily reports that NASDAQ-listed Bitcoin mining company CleanSpark has released its latest Bitcoin mining and operations update. The report discloses that the company mined 568 BTC in February, with a total of 1,141 BTC mined so far this year. Additionally, the company revealed that last month it sold 553.02 BTC at a price of $66,279 each. Currently, the total Bitcoin holdings amount to 13,363 BTC. (PRNewswire)

David Bailey pointed out that the U.S. government needs to strengthen policy and political capital investment to push Bitcoin into the national strategic level. He mentioned that although the Trump administration has begun to establish Bitcoin reserves, progress has been limited, and the government's Bitcoin assets mainly come from law enforcement seizures. Bailey emphasized that political support alone is not enough to promote Bitcoin development; public engagement and policy efforts need to be increased.

Odaily Planet Daily reports that according to Coinglass data, Bitcoin's first quarter 2026 return is currently at -23.21%, marking the third-lowest quarterly return since 2013, well below the historical first quarter average return of 45.90%. Additionally, Ethereum's first quarter 2026 return is currently at -32.17%, the third-lowest record since 2016, far below the historical first quarter average return of 66.45% and the median return of 4.37%.